Pathward Financial, Inc. (CASH) Stock Analysis
Financial Services · Banks - Regional · NasdaqGS
Pathward Financial, Inc. (CASH) posted $839.89M in revenue for fiscal 2025 (up 11.3% year over year), at a 22.0% net margin, and has compounded revenue about 11.0%/yr over five years, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on Pathward Financial, Inc.
Pathward Financial, Inc. has grown revenue from $0 to $839.89M over the last 10 fiscal years, compounding about 11% a year. The most recent year was up 11.3%, roughly in line with its longer-run pace.
Net margin sits at 22%. It carries about $42.46M of total debt.
At today's valuation the market is pricing in roughly -16.1% annual free-cash-flow growth — versus the -0.7% it actually delivered over the last five years, so the price is arguably undemanding against what it has already proven. The one thing worth a second look in the filings is net margin shrinking.
Synthesised from Pathward Financial, Inc.'s SEC filings — descriptive, not advice. Ask the analyst your own question →
Pathward Financial, Inc. revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $486.75M | $498.83M | $549.89M | $601.13M | $704.46M | $754.71M | $839.89M |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Net income | $33.22M | $44.92M | $51.62M | $97.00M | $104.72M | $141.71M | $156.39M | $161.17M | $166.82M | $185.18M |
| Net margin | — | — | — | 19.9% | 21.0% | 25.8% | 26.0% | 22.9% | 22.1% | 22.0% |
Source: Pathward Financial, Inc. SEC filings (10-K). 17 years of history available in the interactive view.
Pathward Financial, Inc.: 1 potential red flag in the filings
Patterns in the filed statements worth a second look — computed and cited, not AI guesswork, and not a signal to sell. The kind of thing that hides in a 10-K.
- Net margin shrinkingNet margin fell from 26.0% to 22.0% over ~3 years — profitability is compressing.
What growth is priced into CASH stock?
At today's market cap of $1.72B, Pathward Financial, Inc. is priced for free-cash-flow growth of about -16.1% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $438.94M from the FY ending 2025-09-30). For comparison, free cash flow actually grew -0.7%/yr over the last five fiscal years and revenue 11%/yr, computed from its SEC filings. This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 17 years of Pathward Financial, Inc. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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Pathward Financial, Inc. financial history by metric
Compare Pathward Financial, Inc. with peers
About Pathward Financial, Inc.
Pathward Financial, Inc. operates as the bank holding company for Pathward, National Association that provides various banking products and services in the United States. It operates through three segments: Consumer, Commercial, and Corporate Services/Other. The company offers demand deposit accounts, savings accounts, and money market savings accounts. It also provides commercial finance product comprising term lending, asset-based lending, factoring, lease financing, insurance premium finance, government guaranteed lending, and other commercial finance products; installment and revolving consumer lending products; tax services, which includes short-term refund advance loans and short-term electronic return originator advance loans; and warehouse financing services. In addition, the company offers payment solutions, such as acceptance, processing, and settlement of credit card and debit card payments, financial processing services for freestanding ATMs; digital payments; and merchant services, as well as issues debit and prepaid cards. The company was formerly known as Meta Financial Group, Inc. and changed its name to Pathward Financial, Inc. in July 2022. Pathward Financial, Inc. was founded in 1954 and is based in Sioux Falls, South Dakota.
Pathward Financial, Inc. — frequently asked questions
What is Pathward Financial, Inc.'s revenue?
Pathward Financial, Inc. (CASH) reported revenue of $839.89M for fiscal year 2025, up 11.3% from the prior year, according to its SEC filings.
Is Pathward Financial, Inc. profitable?
Yes. CASH earned net income of $185.18M in fiscal 2025, a net margin of 22.0%.
What is CASH's P/E ratio?
Pathward Financial, Inc. trades at a price-to-earnings ratio of about 9.7 based on the latest data in our nightly-refreshed cache.
How fast is Pathward Financial, Inc. growing?
CASH's revenue grew at roughly 11.0% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does Pathward Financial, Inc. have?
As of fiscal year 2025, CASH carried roughly $42.46M in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Pathward Financial, Inc.'s market cap?
Pathward Financial, Inc. (CASH) has a market capitalization of about $1.72B, based on the latest data in our nightly-refreshed cache.
When does Pathward Financial, Inc.'s fiscal year end?
CASH's fiscal year ends in September. Its most recent annual filing covers the fiscal year ending 2025-09-30.
What growth is priced into CASH stock?
At today's market cap of $1.72B, Pathward Financial, Inc. is priced for free-cash-flow growth of about -16.1% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $438.94M from the FY ending 2025-09-30). For comparison, free cash flow actually grew -0.7%/yr over the last five fiscal years and revenue 11%/yr, computed from its SEC filings.
Where does this data come from?
All figures are computed from Pathward Financial, Inc.'s official SEC filings (10-K and 10-Q), covering 17 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.