Filing Flows › Pathward Financial (CASH) › Q3 FY25
Pathward Financial (CASH) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed Sep 16, 2025
Pathward Financial (CASH) reported revenue of $196M for the third quarter fiscal 2025 (Q3 FY25), +4% from a year earlier and -29% from the quarter before. Operating margin was 24.1%, net earnings $42.1M (21.5% of revenue).
Pathward Financial, Q3 FY25: revenue $196M (+4% year over year), operating margin 24.1%, net earnings $42.1M, operating cash flow $30.4M. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $196M | -29% | +4% |
| Operating profit | $47.2M | -48% | -8% |
| Net earnings | $42.1M | -44% | -6% |
| Operating cash flow | $30.4M | -84% | -73% |
| Free cash flow | $27.7M | -85% | -75% |
What changed
Revenue was $195.8M in Q3 FY25, up 4% year over year and down 29% from the previous quarter. Consumer was the largest line at 60% of revenue. Consumer added $4.1M year over year (up 4%), 58% of the total change.
Operating profit was $47.2M, a 24.1% margin (down 3.0 points year over year). Operating profit fell $4.0M even though revenue rose $7.1M versus a year earlier, so costs grew faster than sales. Total costs grew 8% against revenue growth of 4%. Net earnings were $42.1M, down 6% year over year. The effective tax rate was 10.2%.
Operating cash flow was $30.4M (down 73% year over year), 72% of net earnings. Non-cash charges added back $15.1M of depreciation and amortization and $2.2M of share-based compensation. Working capital and other items used $29.2M. Capital expenditures of $2.7M left free cash flow of $27.7M.
Questions
What was Pathward Financial's revenue in the third quarter fiscal 2025?
Pathward Financial (CASH) reported revenue of $196M for the third quarter fiscal 2025 (Q3 FY25), +4% from a year earlier and -29% from the quarter before.
Was Pathward Financial profitable in the third quarter fiscal 2025?
Operating profit was $47.2M (24.1% of revenue) and net earnings $42.1M.
Source: Pathward Financial 10-Q on SEC EDGAR.