Filing Flows › Pathward Financial (CASH) › Q4 FY25
Pathward Financial (CASH) Q4 FY25 earnings results (fourth quarter fiscal 2025)
10-K filed Nov 25, 2025
Pathward Financial (CASH) reported revenue of $187M for the fourth quarter fiscal 2025 (Q4 FY25), +4% from a year earlier and -5% from the quarter before. Operating margin was 25.9%, net earnings $38.8M (20.8% of revenue).
Pathward Financial, Q4 FY25: revenue $187M (+4% year over year), operating margin 25.9%, net earnings $38.8M, operating cash flow $304M. The chart follows the revenue to costs, profit and cash.
| Q4 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $187M | -5% | +4% |
| Operating profit | $48.4M | +3% | +29% |
| Net earnings | $38.8M | -8% | +16% |
| Operating cash flow | $304M | +900% | +112% |
| Free cash flow | $300M | +985% | +116% |
What changed
Revenue was $186.7M in Q4 FY25, up 4% year over year and down 5% from the previous quarter. Consumer was the largest line at 56% of revenue.
Operating profit was $48.4M, a 25.9% margin (up 5.0 points year over year). Of the extra revenue versus Q4 FY24, 151% reached operating profit, above the 21% margin then. Total costs fell 3% while revenue rose 4%. Net earnings were $38.8M, up 16% year over year. The effective tax rate was 19.2%.
Operating cash flow was $303.7M (up 112% year over year), 777% of net earnings. Non-cash charges added back $14.3M of depreciation and amortization and $2.3M of share-based compensation. Working capital and other items added $248.0M. Capital expenditures of $3.3M left free cash flow of $300.3M.
Questions
What was Pathward Financial's revenue in the fourth quarter fiscal 2025?
Pathward Financial (CASH) reported revenue of $187M for the fourth quarter fiscal 2025 (Q4 FY25), +4% from a year earlier and -5% from the quarter before.
Was Pathward Financial profitable in the fourth quarter fiscal 2025?
Operating profit was $48.4M (25.9% of revenue) and net earnings $38.8M.
Source: Pathward Financial 10-K on SEC EDGAR.