Filing Flows › Cass Information Systems (CASS) › Q1 2026
Cass Information Systems (CASS) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 5, 2026
Cass Information Systems (CASS) reported revenue of $49.1M for the first quarter 2026 (Q1 2026), +6% from a year earlier and -2% from the quarter before. Operating margin was 22.4%, net earnings $8.8M (18.0% of revenue).
Cass Information Systems, Q1 2026: revenue $49.1M (+6% year over year), operating margin 22.4%, net earnings $8.8M, operating cash flow $14.5M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $49.1M | -2% | +6% |
| Operating profit | $11.0M | +10% | -3% |
| Net earnings | $8.8M | +8% | -1% |
| Operating cash flow | $14.5M | +200% | -33% |
| Free cash flow | $12.7M | +206% | -33% |
What changed
Revenue was $49.1M in Q1 2026, up 6% year over year and down 2% from the previous quarter. Processing fees was the largest line at 32% of revenue. Financial fees added $470K year over year (up 5%), 17% of the total change. Processing fees declined 4%.
Operating profit was $11.0M, a 22.4% margin (down 2.0 points year over year). Operating profit fell $316K even though revenue rose $2.7M versus Q1 2025, so costs grew faster than sales. Total costs grew 9% against revenue growth of 6%. Net earnings were $8.8M, down 1% year over year. The effective tax rate was 19.5%.
Operating cash flow was $14.5M (down 33% year over year), 165% of net earnings. Non-cash charges added back $1.7M of depreciation and amortization and $1.4M of share-based compensation. Working capital and other items added $2.5M. Capital expenditures of $1.9M left free cash flow of $12.7M.
Questions
What was Cass Information Systems' revenue in the first quarter 2026?
Cass Information Systems (CASS) reported revenue of $49.1M for the first quarter 2026 (Q1 2026), +6% from a year earlier and -2% from the quarter before.
Was Cass Information Systems profitable in the first quarter 2026?
Operating profit was $11.0M (22.4% of revenue) and net earnings $8.8M.