Filing Flows › Cass Information Systems (CASS) › Q4 2025
Cass Information Systems (CASS) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 6, 2026
Cass Information Systems (CASS) reported revenue of $49.9M for the fourth quarter 2025 (Q4 2025), +9% from a year earlier and -0.3% from the quarter before. Operating margin was 20.0%, net earnings $8.2M (16.4% of revenue).
Cass Information Systems, Q4 2025: revenue $49.9M (+9% year over year), operating margin 20.0%, net earnings $8.2M, operating cash flow $4.8M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $49.9M | -0.3% | +9% |
| Operating profit | $10.0M | -13% | +77% |
| Net earnings | $8.2M | -10% | +78% |
| Operating cash flow | $4.8M | -61% | -74% |
| Free cash flow | $4.1M | -63% | -78% |
What changed
Revenue was $49.9M in Q4 2025, up 9% year over year and roughly flat from the previous quarter.
Operating profit was $10.0M, a 20.0% margin (up 7.6 points year over year). Of the extra revenue versus a year earlier, 101% reached operating profit, above the 12% margin then. Total costs fell 0% while revenue rose 9%. Net earnings were $8.2M, up 78% year over year. The effective tax rate was 18.0%.
Operating cash flow was $4.8M (down 74% year over year), 59% of net earnings. Non-cash charges added back $1.8M of depreciation and amortization and $1.0M of share-based compensation. Working capital and other items used $6.2M. Capital expenditures of $717K left free cash flow of $4.1M.
Questions
What was Cass Information Systems' revenue in the fourth quarter 2025?
Cass Information Systems (CASS) reported revenue of $49.9M for the fourth quarter 2025 (Q4 2025), +9% from a year earlier and -0.3% from the quarter before.
Was Cass Information Systems profitable in the fourth quarter 2025?
Operating profit was $10.0M (20.0% of revenue) and net earnings $8.2M.