Short answer
PATHWARD FINANCIAL, INC. (CASH) filed its fiscal 2025 10-K annual report with the SEC on Nov 25, 2025. It reported revenue of $840M (+11.3% year over year) and net income of $186M.
- Top risk flagged: CFPB enforcement on consumer financial products risks affecting Bank's offerings, per Bureau's rulemaking on unfair, deceptive, or abusive acts
FY2025 key financial metrics · XBRL
- Revenue
- $840M
- +11.3% YoY
- Net income
- $186M
- +10.4% YoY
- EPS (diluted)
- $7.87
- +18.9% YoY
- ROE
- 21.7%
- +1.6 pp YoY
- Operating cash flow
- $451M
- −0.6% YoY
Source: XBRL data from the PATHWARD FINANCIAL, INC. (CASH) FY2025 10-K on SEC EDGAR. USD.
PATHWARD FINANCIAL, INC. FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business model centered on banking services, including lending, deposit gathering, and Partner Solutions
- Emphasis on reputational risk management linked to regulatory compliance, lending practices, and customer data protection
- Increased focus on risks from negative publicity and potential regulatory penalties affecting Partner Solutions segment
- Insurance coverage maintained for fidelity, business interruption, cybersecurity, and property risks with annual renewal
- Potential insurance gaps highlighted due to deductible limits, coverage limits, and rising premium costs impacting risk mitigation
Management Discussion & Analysis
- No profitability or margin % changes reported in MD&A
- Commercial Finance segment risk: residual value of leased equipment may be lower than expected, impacting operating income and cash flows
- Capital allocation details (buybacks, dividends, capex) not discussed in provided text
- Key emerging risks: tax credit recapture risk affecting renewable energy investments, interest rate fluctuations reducing net interest income, competition pressures, prepaid financial services demand uncertainty, reliance on third-party relationships
Risk Factors
- CFPB enforcement on consumer financial products risks affecting Bank's offerings, per Bureau's rulemaking on unfair, deceptive, or abusive acts
- Exposure to US economic downturn risk with over $2.0B liquidity buffer amid ongoing banking industry volatility post-2023 SVB, Signature Bank failures
- Dependence on limited program manager relationships generating significant deposits, total assets, and income via Partner Solutions business
- OCC fintech charters pose market disruption threat to Partner Solutions segment from new fintech competitors with special purpose charters
- Material weakness in internal control over financial reporting disclosed as of Sept 30, 2025 risks adverse impact on financial condition and operations
Generated from the filing text; verify against the original. How to read a 10-K
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