Pathward Financial Financials
Pathward Financial (CASH) reported $839.9M in revenue for fiscal year 2025, up 5.3% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).
Pathward’s high cash conversion rides on a liability-funded balance sheet, with profits rising even as assets shrank and leverage stayed modest in FY2025.
From FY2023 to FY2025, net income rose from$143.3M to$185.9M while total assets fell from$7.5B to$7.2B , lifting ROA from1.9% to2.6% . That pattern means recent improvement came from earning more on each balance-sheet dollar, not from simply expanding the funding base.
In FY2025, operating cash flow was
The balance sheet is not debt-heavy in the usual sense: long-term debt was just
Financial Health Signals
Scored against banks for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Pathward Financial's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Not available for Pathward Financial, and counted as zero in the overall score.
Pathward Financial passes 5 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 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.
Key Financial Metrics
Earnings & Revenue
Pathward Financial generated $839.9M in revenue in fiscal year 2025. This represents an increase of 5.3% 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.
Not reported for fiscal year 2025.
Cash & Balance Sheet
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 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. That is unchanged from the prior year.
Margins & Returns
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.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Capital Allocation
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.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
CASH Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $768.5M | $839.9M+5.3% | $797.4M+9.6% | $727.7M+21.1% | $601.1M+9.3% | $549.9M+10.2% | $498.8M+2.5% | $486.8M+207.0% | $158.5M+46.7% | $108.1M+32.8% | $81.4M+32.1% | $61.6M+26.6% | $48.7M+24.8% | $39.0M+4.5% | $37.3M-4.5% | $39.1M |
| SG&A Expenses | N/A | $0 | $0 | $0-100.0% | $171.1M+13.3% | $151.1M+10.9% | $136.2M-12.6% | $155.8M+42.9% | $109.0M+22.9% | $88.7M+43.9% | $61.7M+32.7% | $46.5M+21.9% | $38.2M+11.9% | $34.1M+9.7% | $31.1M+2.1% | $30.5M |
| Interest Expense | $10.2M | $11.6M-45.4% | $21.2M+95.3% | $10.9M+123.2% | $4.9M-29.0% | $6.9M-79.7% | $33.8M-45.1% | $61.5M+119.8% | $28.0M+88.2% | $14.9M+263.6% | $4.1M+71.4% | $2.4M-0.5% | $2.4M-18.8% | $3.0M-17.1% | $3.6M-24.9% | $4.7M |
| Income Tax | N/A | $36.3M+6.3% | $34.1M+255.8% | $9.6M-63.4% | $26.2M+144.8% | $10.7M+89.0% | $5.7M+267.8% | -$3.4M-165.9% | $5.1M-50.0% | $10.2M+82.7% | $5.6M+309.5% | $1.4M-52.9% | $2.9M-21.5% | $3.7M-61.7% | $9.7M+167.2% | $3.6M |
| Net Income | $175.8M | $185.9M+1.4% | $183.2M+27.9% | $143.3M-5.2% | $151.1M+6.7% | $141.7M+35.3% | $104.7M+8.0% | $97.0M+87.9% | $51.6M+14.9% | $44.9M+35.2% | $33.2M+84.0% | $18.1M+14.9% | $15.7M+17.1% | $13.4M-21.6% | $17.1M+268.8% | $4.6M |
| EPS (Diluted) | $7.98 | $7.87+9.3% | $7.20+37.4% | $5.24+2.9% | $5.09+16.2% | $4.38+49.0% | $2.94+18.1% | $2.49+49.1% | $1.67+3.7% | $1.61 | $1.30 | $2.66+5.1% | $2.53+6.3% | $2.38 | $4.92+230.2% | $1.49 |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Operating Income.
TTM is the trailing twelve months, Q4 FY2025 through Q3 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
CASH Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $7.2B-4.8% | $7.5B+0.4% | $7.5B+11.4% | $6.7B+0.7% | $6.7B+9.8% | $6.1B-1.5% | $6.2B+6.0% | $5.8B+11.6% | $5.2B+30.5% | $4.0B+58.4% | $2.5B+23.2% | $2.1B+21.4% | $1.7B+2.5% | $1.7B+29.4% | $1.3B |
| Cash & Equivalents | $120.6M-23.9% | $158.3M-57.8% | $375.6M-3.2% | $388.0M+23.6% | $314.0M-26.5% | $427.4M+237.7% | $126.5M+26.6% | $100.0M-92.1% | $1.3B+63.8% | $773.8M+2697.9% | $27.7M-7.3% | $29.8M-25.5% | $40.1M-72.4% | $145.1M-47.6% | $276.9M |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $6.3M+18.7% | $5.3M+35.6% | $3.9M+6.2% | $3.7M-35.7% | $5.8M-24.9% | $7.7M |
| Goodwill | $297.9M-3.7% | $309.5M0.0% | $309.5M0.0% | $309.5M0.0% | $309.5M0.0% | $309.5M0.0% | $309.5M+2.1% | $303.3M+207.2% | $98.7M+167.3% | $36.9M0.0% | $36.9M0.0% | $36.9M | $0 | N/A | N/A |
| Total Liabilities | $6.3B-5.9% | $6.7B-2.5% | $6.9B+12.8% | $6.1B+4.9% | $5.8B+10.9% | $5.2B-1.8% | $5.3B+4.9% | $5.1B+6.1% | $4.8B+30.6% | $3.7B+62.6% | $2.3B+20.2% | $1.9B+21.3% | $1.5B+3.1% | $1.5B+25.8% | $1.2B |
| Long-Term Debt | $33.5M+0.3% | $33.4M-1.5% | $33.9M-6.0% | $36.0M-61.2% | $92.8M-5.5% | $98.2M-54.5% | $215.8M+142.6% | $89.0M+4.0% | $85.5M-7.5% | $92.5M+375.3% | $19.5M | N/A | N/A | N/A | N/A |
| Total Equity | $858.0M+4.3% | $822.5M+32.8% | $619.4M-2.2% | $633.2M-27.3% | $870.7M+3.2% | $843.7M+0.5% | $839.9M+12.9% | $744.2M+71.3% | $434.5M+29.7% | $335.0M+23.5% | $271.3M+55.2% | $174.8M+22.3% | $143.0M-2.0% | $145.9M+81.0% | $80.6M |
| Retained Earnings | $359.8M+6.8% | $337.1M+36.8% | $246.4M+5.5% | $233.5M-9.9% | $259.2M+10.3% | $234.9M-7.1% | $252.8M+18.7% | $213.0M+27.4% | $167.2M+31.4% | $127.2M+29.3% | $98.4M+17.4% | $83.8M+17.6% | $71.3M+17.3% | $60.8M+33.6% | $45.5M |
Not reported in any period shown, so not listed: Current Assets, Inventory, Current Liabilities.
CASH Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $696.9M | $450.6M-7.8% | $488.8M+49.1% | $327.9M+13.1% | $290.0M-50.1% | $581.6M+24.5% | $467.2M+144.6% | $191.0M+38.7% | $137.8M+14.8% | $120.0M+52.9% | $78.5M+59.5% | $49.2M+90.7% | $25.8M+211.9% | -$23.1M-128.8% | $80.0M+266.0% | $21.9M |
| Capital Expenditures | $13.3M | $11.7M+15.2% | $10.1M+17.6% | $8.6M+5.5% | $8.2M-36.9% | $13.0M+5.7% | $12.3M-12.2% | $14.0M+63.6% | $8.5M+25.7% | $6.8M-2.6% | $7.0M+38.7% | $5.0M+116.0% | $2.3M-55.7% | $5.3M+27.5% | $4.1M+125.3% | $1.8M |
| Free Cash Flow | $683.6M | $438.9M-8.3% | $478.7M+49.9% | $319.3M+13.3% | $281.9M-50.4% | $568.7M+25.0% | $455.0M+157.0% | $177.0M+37.0% | $129.2M+14.2% | $113.2M+58.3% | $71.5M+61.9% | $44.2M+88.1% | $23.5M+182.9% | -$28.3M-137.3% | $75.9M+278.8% | $20.0M |
| Investing Cash Flow | -$628.9M | $25.8M+109.8% | -$262.9M+72.2% | -$945.6M-184.7% | -$332.1M+70.3% | -$1.1B-442.1% | -$206.3M+39.2% | -$339.2M+13.0% | -$389.8M+44.4% | -$700.4M+5.2% | -$738.5M-62.7% | -$453.9M-23.4% | -$367.8M-85.1% | -$198.7M+61.4% | -$514.3M-704.4% | -$63.9M |
| Financing Cash Flow | -$173.7M | -$513.0M-15.8% | -$443.2M-173.3% | $604.9M+413.4% | $117.8M-72.1% | $422.9M+956.8% | $40.0M-77.1% | $174.9M+119.1% | -$915.6M-185.2% | $1.1B-23.6% | $1.4B+249.3% | $402.5M+21.3% | $331.8M+184.2% | $116.7M-61.4% | $302.5M+30.7% | $231.5M |
| Dividends Paid | $4.4M | $4.7M-7.5% | $5.1M-6.6% | $5.4M-8.4% | $5.9M-7.5% | $6.4M-9.9% | $7.1M-8.5% | $7.8M+35.3% | $5.7M+18.5% | $4.8M+10.3% | $4.4M+25.7% | $3.5M+9.7% | $3.2M+8.8% | $2.9M+59.7% | $1.8M+13.0% | $1.6M |
Not reported in any period shown, so not listed: Share Buybacks.
TTM is the trailing twelve months, Q4 FY2025 through Q3 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
CASH Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | 22.1%-0.9pp | 23.0%+3.3pp | 19.7%-5.5pp | 25.1%-0.6pp | 25.8%+4.8pp | 21.0%+1.1pp | 19.9%-12.6pp | 32.6%-9.0pp | 41.5%+0.7pp | 40.8%+11.5pp | 29.3%-3.0pp | 32.3%-2.1pp | 34.4%-11.5pp | 45.9%+34.0pp | 11.9% |
| Return on Equity | 21.7%-0.6pp | 22.3%-0.9pp | 23.1%-0.7pp | 23.9%+7.6pp | 16.3%+3.9pp | 12.4%+0.9pp | 11.6%+4.6pp | 6.9%-3.4pp | 10.3%+0.4pp | 9.9%+3.3pp | 6.7%-2.3pp | 9.0%-0.4pp | 9.4%-2.4pp | 11.7%+6.0pp | 5.8% |
| Return on Assets | 2.6%+0.2pp | 2.4%+0.5pp | 1.9%-0.3pp | 2.2%+0.1pp | 2.1%+0.4pp | 1.7%+0.2pp | 1.6%+0.7pp | 0.9%0.0pp | 0.9%0.0pp | 0.8%+0.1pp | 0.7%0.0pp | 0.8%0.0pp | 0.8%-0.2pp | 1.0%+0.7pp | 0.4% |
| Debt-to-Equity | 0.040.0x | 0.040.0x | 0.050.0x | 0.060.0x | 0.110.0x | 0.12-0.1x | 0.26+0.1x | 0.12-0.1x | 0.20-0.1x | 0.28+0.2x | 0.07-10.7x | 10.75-0.1x | 10.83+0.5x | 10.30-4.5x | 14.83 |
| FCF Margin | 52.3%-7.8pp | 60.0%+16.1pp | 43.9%-3.0pp | 46.9% | 103.4% | 91.2%+54.8pp | 36.4%-45.1pp | 81.5% | 104.7% | 87.9%+16.1pp | 71.7%+23.5pp | 48.3%+121.0pp | -72.7% | 203.4% | 51.3% |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: FCF Margin.
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Where Pathward Financial Ranks
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%.
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.
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 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 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 55 out of 100 on our Financial Health Score, indicating moderate standing within its banks peer group. The score is a 0-100 composite of six dimensions (Earnings, Growth, Capital, Efficiency, Credit Quality, Stability), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.