Filing Flows › Cass Information Systems (CASS) › Q2 2025
Cass Information Systems (CASS) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 5, 2025
Cass Information Systems (CASS) reported revenue of $44.4M for the second quarter 2025 (Q2 2025), +1% from a year earlier and -4% from the quarter before. Operating margin was 22.5%, net earnings $8.9M (19.9% of revenue).
Cass Information Systems, Q2 2025: revenue $44.4M (+1% year over year), operating margin 22.5%, net earnings $8.9M, operating cash flow −$1.3M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $44.4M | -4% | +1% |
| Operating profit | $10.0M | -12% | +74% |
| Net earnings | $8.9M | -1% | +97% |
| Operating cash flow | −$1.3M | -106% | — |
What changed
Revenue was $44.4M in Q2 2025, up 1% year over year and down 4% from the previous quarter. Information services payment and processing revenue was the largest line at 61% of revenue. Processing fees added $266K year over year (up 2%), 63% of the total change.
Operating profit was $10.0M, a 22.5% margin (up 9.4 points year over year). Of the extra revenue versus a year earlier, 1005% reached operating profit, above the 13% margin then. Total costs fell 10% while revenue rose 1%. Net earnings were $8.9M, up 97% year over year. The effective tax rate was 11.2%.
Operating cash flow was −$1.3M. Non-cash charges added back $1.9M of depreciation and amortization and $918K of share-based compensation. Working capital and other items used $13.0M. Capital expenditures of $1.3M exceeded it, leaving free cash flow of −$2.6M.
Questions
What was Cass Information Systems' revenue in the second quarter 2025?
Cass Information Systems (CASS) reported revenue of $44.4M for the second quarter 2025 (Q2 2025), +1% from a year earlier and -4% from the quarter before.
Was Cass Information Systems profitable in the second quarter 2025?
Operating profit was $10.0M (22.5% of revenue) and net earnings $8.9M.