Filing Flows › Pathward Financial (CASH) › Q4 FY24
Pathward Financial (CASH) Q4 FY24 earnings results (fourth quarter fiscal 2024)
10-K filed Nov 26, 2024
Pathward Financial (CASH) reported revenue of $211M for the fourth quarter fiscal 2024 (Q4 FY24), +14% from a year earlier and +19% from the quarter before. Operating margin was 17.8%, net earnings $33.5M (15.9% of revenue).
Pathward Financial, Q4 FY24: revenue $211M (+14% year over year), operating margin 17.8%, net earnings $33.5M, operating cash flow $143M. The chart follows the revenue to costs, profit and cash.
| Q4 FY24 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $211M | +19% | +14% |
| Operating profit | $37.5M | -27% | +79% |
| Net earnings | $33.5M | -25% | +33% |
| Operating cash flow | $143M | +26% | +19% |
| Free cash flow | $139M | +25% | +19% |
What changed
Revenue was $210.6M in Q4 FY24, up 14% year over year and up 19% from the previous quarter.
Operating profit was $37.5M, a 17.8% margin (up 6.4 points year over year). Of the extra revenue versus a year earlier, 63% reached operating profit, above the 11% margin then. Total costs grew 6% against revenue growth of 14%. Net earnings were $33.5M, up 33% year over year. The effective tax rate was 9.0%.
Operating cash flow was $143.1M (up 19% year over year), 420% of net earnings. Non-cash charges added back $13.9M of depreciation and amortization and $2.5M of share-based compensation. Working capital and other items added $92.6M. Capital expenditures of $4.4M left free cash flow of $138.8M.
Questions
What was Pathward Financial's revenue in the fourth quarter fiscal 2024?
Pathward Financial (CASH) reported revenue of $211M for the fourth quarter fiscal 2024 (Q4 FY24), +14% from a year earlier and +19% from the quarter before.
Was Pathward Financial profitable in the fourth quarter fiscal 2024?
Operating profit was $37.5M (17.8% of revenue) and net earnings $33.5M.
Source: Pathward Financial 10-K on SEC EDGAR.