Cass Info Sys Financials
This page shows Cass Info Sys (CASS) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 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).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Cass Info Sys's revenue grew a modest 0.8% year-over-year to $199.2M. This slow but positive growth earns a score of 31/100.
Cass Info Sys has elevated debt relative to equity (D/E of 9.46), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.
Cass Info Sys converts 14.9% of revenue into free cash flow ($29.6M). This strong cash generation earns a score of 74/100.
Cass Info Sys's ROE of 8.4% shows moderate profitability relative to equity, earning a score of 33/100. This is down from 13.1% the prior year.
Cass Info Sys passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Cass Info Sys generates $2.03 in operating cash flow ($38.9M OCF vs $19.2M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Cass Info Sys generated $199.2M in revenue in fiscal year 2024. This represents an increase of 0.8% from the prior year.
Cass Info Sys generated $29.6M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 31.0% from the prior year.
Cass Info Sys reported $19.2M in net income in fiscal year 2024. This represents a decrease of 36.2% from the prior year.
Cass Info Sys earned $1.39 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 36.2% from the prior year.
Cass Info Sys held $349.7M in cash against $0 in long-term debt as of fiscal year 2024.
Cass Info Sys paid $1.21 per share in dividends in fiscal year 2024. This represents an increase of 3.4% from the prior year.
Cass Info Sys had 14M shares outstanding in fiscal year 2024. This represents a decrease of 0.6% from the prior year.
Cass Info Sys's net profit margin was 9.6% in fiscal year 2024, showing the share of revenue converted to profit. This is down 5.6 percentage points from the prior year.
Cass Info Sys's ROE was 8.4% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 4.7 percentage points from the prior year.
Cass Info Sys spent $7.2M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents an increase of 25.5% from the prior year.
Cass Info Sys invested $9.3M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 34.9% from the prior year.
CASS Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $50.1M+12.7% | $44.4M-4.3% | $46.4M-27.0% | $63.6M+44.6% | $44.0M-2.5% | $45.1M-11.1% | $50.7M+3.1% | $49.2M |
| 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 | N/A | N/A | N/A | N/A | 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 | $4.2M-0.3% | $4.2M+1.2% | $4.1M-10.8% | $4.6M-13.2% | $5.3M+2.6% | $5.2M+10.5% | $4.7M+1.0% | $4.6M |
| Income Tax | $2.4M+114.7% | $1.1M-51.9% | $2.3M+90.3% | $1.2M-3.0% | $1.3M-31.3% | $1.8M-5.8% | $1.9M+10.1% | $1.8M |
| Net Income | $9.1M+2.8% | $8.9M-1.2% | $9.0M+95.2% | $4.6M+2.5% | $4.5M-37.3% | $7.2M-15.0% | $8.4M+13.7% | $7.4M |
| EPS (Diluted) | $0.68+3.0% | $0.660.0% | $0.66+94.1% | $0.34+6.3% | $0.32-38.5% | $0.52-14.8% | $0.61+13.0% | $0.54 |
CASS Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $2.5B+5.9% | $2.3B-0.1% | $2.3B-3.2% | $2.4B+4.9% | $2.3B-0.5% | $2.3B-7.5% | $2.5B-1.0% | $2.5B |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $258.6M+18.5% | $218.2M-1.1% | $220.7M-36.9% | $349.7M+56.3% | $223.7M+16.0% | $192.8M-48.2% | $372.5M-8.8% | $408.4M |
| 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 | $16.2M0.0% | $16.2M0.0% | $16.2M-1.0% | $16.3M+32.9% | $12.3M0.0% | $12.3M-29.0% | $17.3M0.0% | $17.3M |
| Total Liabilities | $2.2B+6.5% | $2.1B-0.4% | $2.1B-3.8% | $2.2B+5.5% | $2.1B-0.6% | $2.1B-8.2% | $2.2B-2.2% | $2.3B |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $243.4M+1.1% | $240.8M+2.8% | $234.2M+2.3% | $229.0M-0.4% | $229.9M+0.2% | $229.5M-0.1% | $229.8M+11.4% | $206.2M |
| Retained Earnings | $163.0M+3.2% | $158.0M+3.1% | $153.3M+3.2% | $148.5M-0.5% | $149.2M+0.3% | $148.8M+2.1% | $145.8M+3.1% | $141.4M |
CASS Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $12.3M+1053.9% | -$1.3M-106.0% | $21.6M+15.8% | $18.6M+74.3% | $10.7M+8.8% | $9.8M+29.8% | $7.6M-38.9% | $12.4M |
| Capital Expenditures | $1.0M-23.0% | $1.3M-47.9% | $2.6M+155.3% | $1.0M-64.0% | $2.8M-19.7% | $3.5M-29.8% | $5.0M+67.1% | $3.0M |
| Free Cash Flow | $11.3M+528.7% | -$2.6M-113.9% | $19.0M+7.8% | $17.6M+123.3% | $7.9M+24.4% | $6.3M+143.3% | $2.6M-72.3% | $9.4M |
| Investing Cash Flow | -$96.0M-559.4% | $20.9M+129.4% | -$71.0M-41193.6% | -$172K-100.2% | $84.5M+217.4% | -$72.0M-179.6% | $90.4M+193.9% | $30.8M |
| Financing Cash Flow | $124.1M+661.4% | -$22.1M+72.2% | -$79.6M-179.0% | $100.7M+256.6% | -$64.3M+45.3% | -$117.5M+12.3% | -$134.0M-241.3% | $94.8M |
| Dividends Paid | $4.1M-1.3% | $4.1M-1.1% | $4.2M-0.6% | $4.2M+2.6% | $4.1M+0.1% | $4.1M+0.4% | $4.1M+3.2% | $3.9M |
| Share Buybacks | $6.7M+13.7% | $5.9M+16.6% | $5.1M+43.3% | $3.5M | $0-100.0% | $1.1M+87.9% | $561K-80.2% | $2.8M |
CASS Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | 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 | 18.2%-1.7pp | 19.9%+0.6pp | 19.3%+12.1pp | 7.2%-3.0pp | 10.2%-5.7pp | 15.9%-0.7pp | 16.6%+1.6pp | 15.0% |
| Return on Equity | 3.7%+0.1pp | 3.7%-0.2pp | 3.8%+1.8pp | 2.0%+0.1pp | 1.9%-1.2pp | 3.1%-0.5pp | 3.7%+0.1pp | 3.6% |
| Return on Assets | 0.4%0.0pp | 0.4%0.0pp | 0.4%+0.2pp | 0.2%-0.0pp | 0.2%-0.1pp | 0.3%-0.0pp | 0.3%+0.0pp | 0.3% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 9.08+0.5 | 8.62-0.3 | 8.90-0.6 | 9.46+0.5 | 8.93-0.1 | 8.99-0.8 | 9.79-1.4 | 11.15 |
| FCF Margin | 22.5%+28.5pp | -5.9%-46.9pp | 40.9%+13.2pp | 27.7%+9.8pp | 17.9%+3.9pp | 14.1%+8.9pp | 5.1%-14.0pp | 19.1% |
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Frequently Asked Questions
What is Cass Info Sys's annual revenue?
Cass Info Sys (CASS) reported $199.2M in total revenue for fiscal year 2024. This represents a 0.8% 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 Cass Info Sys's revenue growing?
Cass Info Sys (CASS) revenue grew by 0.8% year-over-year, from $197.5M to $199.2M in fiscal year 2024.
Is Cass Info Sys profitable?
Yes, Cass Info Sys (CASS) reported a net income of $19.2M in fiscal year 2024, with a net profit margin of 9.6%.
What is Cass Info Sys's earnings per share (EPS)?
Cass Info Sys (CASS) reported diluted earnings per share of $1.39 for fiscal year 2024. This represents a -36.2% 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.
What is Cass Info Sys's net profit margin?
Cass Info Sys (CASS) had a net profit margin of 9.6% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
Does Cass Info Sys pay dividends?
Yes, Cass Info Sys (CASS) paid $1.21 per share in dividends during fiscal year 2024.
What is Cass Info Sys's return on equity (ROE)?
Cass Info Sys (CASS) has a return on equity of 8.4% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Cass Info Sys's free cash flow?
Cass Info Sys (CASS) generated $29.6M in free cash flow during fiscal year 2024. This represents a 31.0% 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 Cass Info Sys's operating cash flow?
Cass Info Sys (CASS) generated $38.9M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Cass Info Sys's total assets?
Cass Info Sys (CASS) had $2.4B in total assets as of fiscal year 2024, including both current and long-term assets.
What are Cass Info Sys's capital expenditures?
Cass Info Sys (CASS) invested $9.3M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
Does Cass Info Sys buy back shares?
Yes, Cass Info Sys (CASS) spent $7.2M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
How many shares does Cass Info Sys have outstanding?
Cass Info Sys (CASS) had 14M shares outstanding as of fiscal year 2024.
What is Cass Info Sys's debt-to-equity ratio?
Cass Info Sys (CASS) had a debt-to-equity ratio of 9.46 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Cass Info Sys's return on assets (ROA)?
Cass Info Sys (CASS) had a return on assets of 0.8% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Cass Info Sys's Piotroski F-Score?
Cass Info Sys (CASS) 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 Cass Info Sys's earnings high quality?
Cass Info Sys (CASS) has an earnings quality ratio of 2.03x, 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 Cass Info Sys?
Cass Info Sys (CASS) scores 35 out of 100 on our Financial Profile, indicating weak 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.