Pathward Financial Financials
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Pathward Financial's revenue grew 5.3% year-over-year to $839.9M, a solid pace of expansion. This earns a growth score of 44/100.
Pathward Financial carries a low D/E ratio of 0.04, meaning only $0.04 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
Pathward Financial converts 52.3% of revenue into free cash flow ($438.9M). This strong cash generation earns a score of 100/100.
Pathward Financial earns a strong 21.7% return on equity (ROE), meaning it generates $22 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 87/100. This is down from 22.3% the prior year.
Pathward Financial passes 5 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
For every $1 of reported earnings, Pathward Financial generates $2.42 in operating cash flow ($450.6M OCF vs $185.9M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
This page shows Pathward Financial (CASH) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Key Financial Metrics
Pathward Financial generated $839.9M in revenue in fiscal year 2025. This represents an increase of 5.3% from the prior year.
Pathward Financial generated $438.9M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 8.3% from the prior year.
Pathward Financial reported $185.9M in net income in fiscal year 2025. This represents an increase of 1.4% from the prior year.
Pathward Financial earned $7.87 per diluted share (EPS) in fiscal year 2025. This represents an increase of 9.3% from the prior year.
Pathward Financial held $120.6M in cash against $33.5M in long-term debt as of fiscal year 2025.
Pathward Financial paid $0.20 per share in dividends in fiscal year 2025. This represents an increase of 0.0% from the prior year.
Pathward Financial had 23M shares outstanding in fiscal year 2025.
Pathward Financial's net profit margin was 22.1% in fiscal year 2025, showing the share of revenue converted to profit. This is down 0.9 percentage points from the prior year.
Pathward Financial's ROE was 21.7% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 0.6 percentage points from the prior year.
Pathward Financial invested $11.7M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 15.2% from the prior year.
CASH Income Statement
| Metric | Q1'25 | Q3'25 | Q2'25 | Q1'24 | Q3'24 | Q2'24 | Q1'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $173.1M+33.7% | $129.4M-52.9% | $274.8M+50.5% | $182.6M+39.0% | $131.3M-49.0% | $257.6M+50.0% | $171.7M+44.4% | $118.9M |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $0 | N/A | N/A | $0 | N/A | N/A | N/A | N/A |
| Operating Income | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | $1.9M+26.6% | $1.5M-74.0% | $5.7M+84.3% | $3.1M-18.9% | $3.8M-54.8% | $8.5M+44.3% | $5.9M+24.5% | $4.7M |
| Income Tax | $7.2M+50.0% | $4.8M-70.3% | $16.2M+169.2% | $6.0M+77.6% | $3.4M-80.0% | $16.9M+119.9% | $7.7M+259.7% | -$4.8M |
| Net Income | $35.2M-9.4% | $38.8M-48.2% | $75.0M+150.1% | $30.0M-10.6% | $33.5M-52.0% | $69.9M+100.3% | $34.9M+38.1% | $25.3M |
| EPS (Diluted) | $1.57-7.1% | $1.69-46.2% | $3.14+155.3% | $1.23-8.2% | $1.34-51.1% | $2.74+104.5% | $1.34+39.6% | $0.96 |
CASH Balance Sheet
| Metric | Q1'25 | Q3'25 | Q2'25 | Q1'24 | Q3'24 | Q2'24 | Q1'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $7.6B+5.4% | $7.2B+2.5% | $7.0B-8.0% | $7.6B+0.9% | $7.5B+1.6% | $7.4B-6.1% | $7.9B+5.3% | $7.5B |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $331.2M+174.7% | $120.6M-52.6% | $254.2M-57.4% | $597.4M+277.3% | $158.3M-54.5% | $347.9M-48.2% | $671.6M+78.8% | $375.6M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | $297.9M0.0% | $297.9M0.0% | $297.9M0.0% | $297.9M-3.7% | $309.5M0.0% | $309.5M0.0% | $309.5M0.0% | $309.5M |
| Total Liabilities | $6.7B+6.2% | $6.3B+2.2% | $6.2B-9.7% | $6.8B+2.0% | $6.7B+0.2% | $6.7B-7.0% | $7.2B+4.5% | $6.9B |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | $33.5M+0.1% | $33.5M+0.2% | $33.4M+0.1% | $33.4M+0.1% | $33.4M-0.1% | $33.4M-0.7% | $33.6M-0.8% | $33.9M |
| Total Equity | $854.5M-0.4% | $858.0M+5.3% | $814.7M+7.4% | $758.3M-7.8% | $822.5M+14.3% | $719.5M+2.1% | $704.8M+13.8% | $619.4M |
| Retained Earnings | $346.5M-3.7% | $359.8M+5.3% | $341.8M+9.0% | $313.4M-7.0% | $337.1M+13.3% | $297.6M+10.9% | $268.4M+8.9% | $246.4M |
CASH Cash Flow Statement
| Metric | Q1'25 | Q3'25 | Q2'25 | Q1'24 | Q3'24 | Q2'24 | Q1'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $108.3M-64.3% | $303.7M+61.2% | $188.3M+362.5% | -$71.7M-150.1% | $143.1M-29.5% | $203.0M+587.3% | $29.5M-75.5% | $120.7M |
| Capital Expenditures | $4.2M+26.9% | $3.3M-6.8% | $3.6M+71.6% | $2.1M-52.1% | $4.4M+155.2% | $1.7M-9.4% | $1.9M-48.4% | $3.6M |
| Free Cash Flow | $104.1M-65.3% | $300.3M+62.6% | $184.7M+350.3% | -$73.8M-153.2% | $138.8M-31.1% | $201.3M+628.0% | $27.6M-76.4% | $117.0M |
| Investing Cash Flow | -$300.4M-50.5% | -$199.6M-192.8% | $215.1M-26.5% | $292.8M+433.9% | -$87.7M-266.4% | $52.7M+203.9% | -$50.7M+83.4% | -$306.0M |
| Financing Cash Flow | $401.9M+267.1% | -$240.6M+67.8% | -$746.5M-439.2% | $220.1M+212.1% | -$196.4M+66.1% | -$578.8M-282.8% | $316.6M+584.7% | $46.2M |
| Dividends Paid | $1.1M-3.1% | $1.1M-3.9% | $1.2M-1.0% | $1.2M-3.3% | $1.2M-1.9% | $1.3M-2.5% | $1.3M-0.9% | $1.3M |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
CASH Financial Ratios
| Metric | Q1'25 | Q3'25 | Q2'25 | Q1'24 | Q3'24 | Q2'24 | Q1'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | 20.3%-9.7pp | 30.0%+2.7pp | 27.3%+10.9pp | 16.4%-9.1pp | 25.5%-1.6pp | 27.1%+6.8pp | 20.3%-0.9pp | 21.3% |
| Return on Equity | 4.1%-0.4pp | 4.5%-4.7pp | 9.2%+5.3pp | 4.0%-0.1pp | 4.1%-5.6pp | 9.7%+4.8pp | 5.0%+0.9pp | 4.1% |
| Return on Assets | 0.5%-0.1pp | 0.5%-0.5pp | 1.1%+0.7pp | 0.4%-0.1pp | 0.4%-0.5pp | 0.9%+0.5pp | 0.4%+0.1pp | 0.3% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 0.040.0 | 0.040.0 | 0.040.0 | 0.040.0 | 0.040.0 | 0.050.0 | 0.050.0 | 0.05 |
| FCF Margin | 60.1%-171.9pp | 232.0%+164.8pp | 67.2%+107.7pp | -40.4%-146.1pp | 105.7%+27.5pp | 78.1%+62.0pp | 16.1%-82.3pp | 98.4% |
Similar Companies
Frequently Asked Questions
What is Pathward Financial's annual revenue?
Pathward Financial (CASH) reported $839.9M in total revenue for fiscal year 2025. This represents a 5.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Pathward Financial's revenue growing?
Pathward Financial (CASH) revenue grew by 5.3% year-over-year, from $797.4M to $839.9M in fiscal year 2025.
Is Pathward Financial profitable?
Yes, Pathward Financial (CASH) reported a net income of $185.9M in fiscal year 2025, with a net profit margin of 22.1%.
What is Pathward Financial's earnings per share (EPS)?
Pathward Financial (CASH) reported diluted earnings per share of $7.87 for fiscal year 2025. This represents a 9.3% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
How much debt does Pathward Financial have?
As of fiscal year 2025, Pathward Financial (CASH) had $120.6M in cash and equivalents against $33.5M in long-term debt.
What is Pathward Financial's net profit margin?
Pathward Financial (CASH) had a net profit margin of 22.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Pathward Financial pay dividends?
Yes, Pathward Financial (CASH) paid $0.20 per share in dividends during fiscal year 2025.
What is Pathward Financial's return on equity (ROE)?
Pathward Financial (CASH) has a return on equity of 21.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Pathward Financial's free cash flow?
Pathward Financial (CASH) generated $438.9M in free cash flow during fiscal year 2025. This represents a -8.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Pathward Financial's operating cash flow?
Pathward Financial (CASH) generated $450.6M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Pathward Financial's total assets?
Pathward Financial (CASH) had $7.2B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Pathward Financial's capital expenditures?
Pathward Financial (CASH) invested $11.7M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How many shares does Pathward Financial have outstanding?
Pathward Financial (CASH) had 23M shares outstanding as of fiscal year 2025.
What is Pathward Financial's debt-to-equity ratio?
Pathward Financial (CASH) had a debt-to-equity ratio of 0.04 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Pathward Financial's return on assets (ROA)?
Pathward Financial (CASH) had a return on assets of 2.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Pathward Financial's Piotroski F-Score?
Pathward Financial (CASH) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Pathward Financial's earnings high quality?
Pathward Financial (CASH) has an earnings quality ratio of 2.42x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Pathward Financial?
Pathward Financial (CASH) scores 83 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.