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Segment Information (Tables)

3 Months Ended

Mar. 31, 2025

Segment Reporting [Abstract]

Schedule of Reportable Segments

The following tables present key financial information for each of our reportable segments for the periods then ended:

			Three Months Ended March 31, 2025
			Consumer Services						B2B Services						Money Movement Services						Corporate and Other						Total
			(In thousands)
Total segment revenues			$	95,256					$	341,991					$	110,247					$	8,470					$	555,964
Segment expenses (1)
Sales and marketing expenses (2)			33,298						4,016						21,403						—						58,717
Processing expenses (3)			9,182						265,516						722						—						275,420
Transaction losses and fraud management (4)			14,350						25,813						7,625						—						47,788
Customer support and related expenses (5)			4,794						19,494						1,397						—						25,685
Compensation and benefits expenses (6)			—						—						—						32,500						32,500
Other segment items (7)			—						—						2,274						23,021						25,295
Total segment expenses			61,624						314,839						33,421						55,521						465,405
Segment profit			$	33,632					$	27,152					$	76,826					$	(47,051)					$	90,559

			Three Months Ended March 31, 2024
			Consumer Services						B2B Services						Money Movement Services						Corporate and Other						Total
			(In thousands)
Total segment revenues			$	100,612					$	241,200					$	103,150					$	2,461					$	447,423
Segment expenses (1)
Sales and marketing expenses (2)			32,757						3,326						24,871						—						60,954
Processing expenses (3)			9,214						177,242						467						—						186,923
Transaction losses and fraud management (4)			21,581						32,423						7,868						—						61,872
Customer support and related expenses (5)			3,801						9,926						1,355						—						15,082
Compensation and benefits expenses (6)			—						—						—						34,416						34,416
Other segment items (7)			—						—						2,742						26,202						28,944
Total segment expenses			67,353						222,917						37,303						60,618						388,191
Segment profit			$	33,259					$	18,283					$	65,847					$	(58,157)					$	59,232

Note 19—Segment Information (continued)

(1)			The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM.
(2)			Sales and marketing expenses consists primarily of the commissions we pay to our retail distributors, brokers and partners, advertising and marketing expenses, and the costs of manufacturing and distributing card packages, placards and promotional materials to our retail distributors and partners, and personalized debit cards who have activated their cards.
(3)			Processing expenses consist primarily of the fees charged to us by the payment networks, which processes transactions for us, any third-party card processors that maintain the records of our customers' accounts and process transaction authorizations and postings, and any third-party banks that issue or process our accounts.
(4)			Transaction losses and fraud management consist primarily of losses from customer disputed transactions, unrecovered customer purchase transaction overdraft and fraud, and other losses on portfolios in our Money Movement Services segment. Fraud management consists of third-party contractors and support costs to manage risk operations.
(5)			Customer support and related expenses consist of third-party contractors hired to conduct call center operations and handle routine customer service inquiries, and the related costs to support our call center operations.
(6)			Compensation and benefits expenses represent the compensation and related benefits, including travel and entertainment, that we provide to our employees and third-party contractors who provide consulting support within our IT operations.
(7)			Other segment items in Money Movement Services consists principally of inter-segment expenses for reload services on the Green Dot Network. Other segment items in Corporate and Other primarily consists of other unallocated corporate operating expenses, such as professional services fees, hosting and software licenses, telephone and communication costs, rent, utilities, and insurance, and elimination of inter-segment expenses.

The reconciliations of total segment revenues to total operating revenues are presented below:

			Three Months Ended March 31,
			2025						2024
			(In thousands)
Total segment revenues			$	555,964					$	447,423
Embedded finance commissions and processing expenses			4,427						5,100
Other income			(1,517)						(535)
Total operating revenues			$	558,874					$	451,988

Segment revenue adjustments represent commissions and certain processing-related costs associated with our embedded finance products and services, which are netted against revenues when evaluating segment performance, as well as certain other investment income earned by our bank, which is included in Corporate and Other.

The reconciliations of segment profit to income before incomes taxes are presented below:

			Three Months Ended March 31,
			2025						2024
			(In thousands)
Total segment profit			$	90,559					$	59,232
Reconciliation to income before income taxes
Depreciation and amortization of property, equipment and internal-use software			15,184						16,432
Stock based compensation and related employer taxes			3,443						8,706
Amortization of acquired intangible assets			5,200						5,664
Impairment charges			61						6,405
Legal settlement expenses			937						5,880
Other expense			4,989						5,591
Operating income			60,745						10,554
Interest expense, net			1,386						1,457
Other (expense), net			(25,704)						(1,810)
Income before income taxes			$	33,655					$	7,287

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

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No definition available.

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