Filing Flows › Pathward Financial (CASH) › Q2 FY25
Pathward Financial (CASH) Q2 FY25 earnings results (second quarter fiscal 2025)
10-Q filed Sep 10, 2025
Pathward Financial (CASH) reported revenue of $275M for the second quarter fiscal 2025 (Q2 FY25), +7% from a year earlier and +50% from the quarter before. Operating margin was 33.2%, net earnings $75.0M (27.3% of revenue).
Pathward Financial, Q2 FY25: revenue $275M (+7% year over year), operating margin 33.2%, net earnings $75.0M, operating cash flow $188M. The chart follows the revenue to costs, profit and cash.
| Q2 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $275M | +50% | +7% |
| Operating profit | $91.4M | +153% | +5% |
| Net earnings | $75.0M | +150% | +7% |
| Operating cash flow | $188M | — | -7% |
| Free cash flow | $185M | — | -8% |
What changed
Revenue was $274.8M in Q2 FY25, up 7% year over year and up 50% from the previous quarter. Consumer was the largest line at 69% of revenue. Consumer added $12.7M year over year (up 7%), 74% of the total change. Commercial declined 3%.
Operating profit was $91.4M, a 33.2% margin (down 0.6 points year over year). Of the extra revenue versus a year earlier, 25% reached operating profit, below the 34% margin then. Total costs grew 8% against revenue growth of 7%. Net earnings were $75.0M, up 7% year over year. The effective tax rate was 17.7%.
Operating cash flow was $188.3M (down 7% year over year), 250% of net earnings. Non-cash charges added back $15.4M of depreciation and amortization and $3.5M of share-based compensation. Working capital and other items added $94.3M. Capital expenditures of $3.6M left free cash flow of $184.7M.
Questions
What was Pathward Financial's revenue in the second quarter fiscal 2025?
Pathward Financial (CASH) reported revenue of $275M for the second quarter fiscal 2025 (Q2 FY25), +7% from a year earlier and +50% from the quarter before.
Was Pathward Financial profitable in the second quarter fiscal 2025?
Operating profit was $91.4M (33.2% of revenue) and net earnings $75.0M.
Source: Pathward Financial 10-Q on SEC EDGAR.