Filing Flows › Cass Information Systems (CASS) › Q1 2025
Cass Information Systems (CASS) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 7, 2025
Cass Information Systems (CASS) reported revenue of $46.4M for the first quarter 2025 (Q1 2025), +3% from a year earlier and -8% from the quarter before. Operating margin was 24.3%, net earnings $9.0M (19.3% of revenue).
Cass Information Systems, Q1 2025: revenue $46.4M (+3% year over year), operating margin 24.3%, net earnings $9.0M, operating cash flow $21.6M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $46.4M | -8% | +3% |
| Operating profit | $11.3M | +100% | +26% |
| Net earnings | $9.0M | +95% | +25% |
| Operating cash flow | $21.6M | +16% | +119% |
| Free cash flow | $19.0M | +11% | +200% |
What changed
Revenue was $46.4M in Q1 2025, up 3% year over year and down 8% from the previous quarter. Processing fees was the largest line at 35% of revenue. Bank service fees added $55K year over year (up 20%), 4% of the total change. Financial fees declined 6%.
Operating profit was $11.3M, a 24.3% margin (up 4.4 points year over year). Of the extra revenue versus a year earlier, 177% reached operating profit, above the 20% margin then. Total costs fell 3% while revenue rose 3%. Net earnings were $9.0M, up 25% year over year. The effective tax rate was 20.6%.
Operating cash flow was $21.6M (up 119% year over year), 241% of net earnings. Non-cash charges added back $1.7M of depreciation and amortization and $1.2M of share-based compensation. Working capital and other items added $9.7M. Capital expenditures of $2.6M left free cash flow of $19.0M.
Questions
What was Cass Information Systems' revenue in the first quarter 2025?
Cass Information Systems (CASS) reported revenue of $46.4M for the first quarter 2025 (Q1 2025), +3% from a year earlier and -8% from the quarter before.
Was Cass Information Systems profitable in the first quarter 2025?
Operating profit was $11.3M (24.3% of revenue) and net earnings $9.0M.