Pathward Financial (CASH) Q3 FY2025 earnings: revenue $196 million, up 3.8% on the year

Pathward Financial, Inc. (CASH) reported revenue of $196 million for Q3 FY2025, the quarter ended 30 June 2025, up 3.8% on the same quarter a year earlier. Net income was $42 million, down 6.1% on the year, and diluted earnings per share $1.81. The figures are the company's own, from the 10-Q it filed with the SEC on 16 September 2025.

Revenue$196 millionup 3.8%

Net income$42 milliondown 6.1%

Diluted EPS$1.81

QuarterQ3 FY2025ended 30 June 2025

The quarter, against the one before and a year earlier

Line	Q3 FY2025	Q2 FY2025	Q3 FY2024	Change on the year
Revenue	196	275	189	+3.8%
Selling, general and administrative	0.0	0.0	n/a	n/a
Pre-tax income	47.2	91.4	51.2	-7.9%
Income tax	4.8	16.2	6.1	-21.4%
Effective tax rate	10.2%	17.7%	11.9%
Net income	42.1	75.0	44.9	-6.1%
Net margin	21.5%	27.3%	23.8%
Diluted EPS	$1.81	$3.14	$1.66	+9.0%

$ million except per share.

Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed.

Cash flow and capital returned

Line	Q3 FY2025	Q2 FY2025	Q3 FY2024	Change on the year
Operating cash flow	30.4	193	103	-70.6%
Capital expenditure	2.7	3.6	2.2	+21.9%
Free cash flow	27.7	190	101	-72.6%
Cash from investing	-282	210	-167	n/a
Cash from financing	254	-747	15.4	+1549.9%
Depreciation and amortisation	15.1	15.4	14.4	+5.0%
Share-based compensation	2.2	3.5	1.9	+15.3%
Dividends paid	1.1	1.2	1.3	-8.6%
Dividend per share	$0.05	$0.05	$0.05	+0.0%
Diluted shares, weighted	23m	24m	25m	-7.4%
Shares outstanding at period end	23m	23m	25m	-8.8%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

Line	Q3 FY2025	Q2 FY2025	Q3 FY2024	Change on the year
Shareholders' equity	819	815	766	+7.0%
Non-controlling interest	-0.9	-0.7	-0.5	n/a
Deposits	6,005	5,819	6,432	-6.6%
Short-term borrowings	115	0.0	0.0	n/a
Debt	33.4	33.4	33.3	+0.3%
Other liabilities	258	328	300	-14.0%
Total liabilities and equity	7,230	6,995	7,530	-4.0%
Fixed assets	39.8	39.5	37.0	+7.7%
Goodwill	298	298	310	-3.7%
Intangible assets	13.3	14.1	17.5	-24.3%
Securities held for sale or to maturity	1,398	1,443	1,759	-20.6%
Loans	4,637	4,362	4,533	+2.3%
Cash and equivalents	258	254	299	-13.6%
Other assets	586	584	575	+1.8%
Total assets	7,230	6,995	7,530	-4.0%

Questions

What was Pathward Financial's revenue in Q3 FY2025?

Pathward Financial (CASH) reported revenue of $196 million for Q3 FY2025, the quarter ended 30 June 2025, up 3.8% on the same quarter a year earlier.

How much did Pathward Financial earn in Q3 FY2025?

Net income for Q3 FY2025 was $42 million, down 6.1% on the year, and diluted earnings per share $1.81.

When did Pathward Financial report Q3 FY2025 results?

Pathward Financial filed its 10-Q for the quarter ended 30 June 2025 with the SEC on 16 September 2025.

Quarterly results, the last 12 quarters

	Q4 FY2023 †	Q1 FY2024 †	Q2 FY2024 †	Q3 FY2024 †	Q4 FY2024 †	Q1 FY2025 †	Q2 FY2025	Q3 FY2025	Q4 FY2025	Q1 FY2026	Q2 FY2026	Q3 FY2026
Revenue	170	172	258	189	180	183	275	196	187	173	276	190
SG&A	n/a	n/a	n/a	n/a	n/a	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Interest expense	4.7	5.9	8.5	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Pre-tax income	21.0	42.9	87.1	51.2	37.5	36.2	91.4	47.2	48.4	42.7	87.2	32.2
Tax rate	-23%	18%	19%	12%	9%	17%	18%	10%	19%	17%	16%	10%
Net income	25.3	34.9	69.9	44.9	33.6	30.0	75.0	42.1	38.8	35.2	72.9	29.0
Net margin	15%	20%	27%	24%	19%	16%	27%	22%	21%	20%	26%	15%
Diluted EPS	$1.36	$1.06	$2.56	$1.66	$1.35	$1.29	$3.14	$1.81	$1.69	$1.57	$3.35	$1.37
Operating cash flow	114	29.5	193	103	135	-71.7	193	30.4	n/a	108	233	52.0
Capital expenditure	3.6	1.9	1.7	2.2	4.4	2.1	3.6	2.7	3.3	4.2	2.3	3.4
Free cash flow	111	27.6	191	101	131	-73.8	190	27.7	n/a	104	231	48.6
Dividends paid	1.3	1.3	1.3	1.3	1.2	1.2	1.2	1.1	1.1	1.1	1.1	1.1
Shares outstanding	0	25m	25m	25m	24m	24m	23m	23m	22m	22m	21m	21m
Filing	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q

Each quarter as filed, linked to its filing.

A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Source

10-Q for the period ended 30 June 2025, filed 16 September 2025, accession 0000907471-25-000096: the filing on EDGAR. All of Pathward Financial, Inc.'s filings: EDGAR company page.

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