What is the 13F Pro Quality Score for CASH?

13F Pro ranks PATHWARD FINANCIAL, INC. (CASH) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View CASH's current score at https://13fpro.ai/research/CASH (free sign-up required for the full ranking).

Which hedge funds own the most CASH stock?

Based on the most recent Form 13F-HR filings on SEC EDGAR, the largest reported institutional holders of CASH include BlackRock,, FMR, STATE STREET. Holdings are reported quarterly within 45 days of quarter-end and updated on https://13fpro.ai/research/CASH as soon as new 13F filings post.

Where does 13F Pro source CASH data?

All PATHWARD FINANCIAL, INC. fundamentals and ownership data come directly from SEC EDGAR. PATHWARD FINANCIAL, INC. files with the SEC under CIK 907471. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is CASH in?

PATHWARD FINANCIAL, INC. (CASH) is classified in the Financials sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/financials.

What drives CASH's revenue?

Per PATHWARD FINANCIAL, INC.'s latest 10-Q filed with the SEC on 2026-05-07, the biggest revenue drivers are: Net Interest Income ($125.1M, -8% YoY); Noninterest Income ($151.2M, +9% YoY); Refund Transfer Product Fees ($34.8M, +7% YoY). Figures are extracted from the filing text and machine-verified against the document. Full breakdown at https://13fpro.ai/research/CASH.

What are CASH's largest expenses?

PATHWARD FINANCIAL, INC.'s latest 10-Q reports these as the largest expense items: Noninterest Expense ($143.5M, -3% YoY); Provision for Credit Loss ($45.6M, +29% YoY); Compensation and Benefits ($55.4M, +7% YoY). Sourced directly from SEC EDGAR filing text for Q2 FY2026 (quarter ended March 31, 2026).

How often is CASH research updated on 13F Pro?

CASH's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

PATHWARD FINANCIAL, INC.(CASH)Stock Analysis

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13F Pro Quality Score

69.9/100

Rank #341 of 2,879 stocksTOP 25%

View Financials peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.

Revenue Growth

63.4/100

Profitability

88.1/100

Balance Sheet

59.0/100

Earnings Quality

52.8/100

Free Cash Flow

94.3/100

Institutional Flow

80.7/100

Revenue Scale

48.0/100

Dilution Risk

54.1/100

CASH Stock Analysis & AI Quality Score

AI stock analysis and institutional research for PATHWARD FINANCIAL, INC. (CASH), a Financials sector company. 13F Pro's AI-powered ranking engine scores CASH at 69.9/100 on a 32-signal composite quality model, placing it at rank #341 of 2,879 stocks — the top 25% of the AI-ranked universe. CASH scores in the top quartile across free cash flow (94.3), profitability (88.1), institutional flow (80.7). Based on the latest XBRL financial filings (Q2 2026), PATHWARD FINANCIAL, INC. reports quarterly revenue of $276.3M, net income of $72.9M, an operating margin of 31.6%. Top institutional holders of CASH by reported 13-F value include BlackRock,, FMR, STATE STREET, based on the most recent SEC filings. CASH trades on the Nasdaq exchange and files with the SEC under CIK 907471. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate CASH daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for PATHWARD FINANCIAL, INC. directly from SEC EDGAR. PATHWARD FINANCIAL, INC.'s 13F Pro composite quality score has ranged between 8 and 71 since 2022, currently 69.9 — an improving long-term trajectory across 50 quarterly and live scoring snapshots.

What's Driving CASH's Business? Latest 10-Q Breakdown

✓ 39/39 datapoints verified

AI-extracted from PATHWARD FINANCIAL, INC.'s 10-Q filed 2026-05-07 — Q2 FY2026 (quarter ended March 31, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.

Net income of $72.9M ($3.35 diluted EPS) in Q2 as noninterest income grew 9% to $151.2M, driven by card fees +22%, refund advances +18%, and tax services revenue +13%.

Biggest Revenue Drivers

Total revenue: $276.3M+0.5% YoY

Net Interest Income$125.1M-8% YoY

Decrease primarily driven by consumer finance portfolio sale in October 2025 and lower yields on cash/investments, partially offset by commercial finance growth.

Noninterest Income$151.2M+9% YoY

Growth in refund advance and other tax fee income (+18%), card and deposit fees (+22%), and refund transfer product fees (+7%).

Within Noninterest Income

Refund Transfer Product Fees$34.8M+7% YoY

Increased refund transfer volume within Partner Solutions business line.

Refund Advance and Tax Fee Income$57.5M+18% YoY

Higher origination volumes and increased refund transfers during tax season.

Card and Deposit Fees$37.5M+22% YoY

Growth in prepaid card fees and account management services.

Largest Expense Items

Noninterest Expense$143.5M-3% YoY

Decrease primarily from lower card processing expense ($25.4M vs $28.4M YoY) due to lower EFFR index rates, partially offset by higher compensation and building/software costs.

Provision for Credit Loss$45.6M+29% YoY

Increase driven by commercial finance provision (+$19.0M), partially offset by consumer finance (-$6.9M) and tax services (-$1.7M).

Compensation and Benefits$55.4M+7% YoY

Increase reflects higher staffing and incentive compensation.

Card Processing$33.5M-8% YoY

Decrease driven by lower EFFR-indexed processing fees under Partner Solutions rate-related agreements; ~66% of deposits subject to rate-related expenses.

Margins: Net interest margin declined 49 basis points YoY to 6.63% in Q2, primarily due to the October 2025 sale of the consumer finance portfolio which had higher yields. The company's cost of funds increased modestly to 0.33% from 0.32% YoY, while deposit costs rose to 0.25% from 0.23%.

Watch Items from the Filing

Nonperforming assets increased to 1.68% of total assets ($119.8M) at March 31, 2026 from 1.42% ($101.7M) at September 30, 2025, driven by commercial finance nonaccruals rising to $91.4M from $81.4M.
Allowance for credit losses increased 84% to $98.3M (2.02% of loans) from $53.3M (1.14% of loans) at September 30, 2025, primarily due to $35.3M increase in tax services allowance related to seasonal originations of $1.87B in refund advances.
Net interest margin compressed 46 basis points YoY for six months to 6.78% from 7.24%, reflecting strategic portfolio shifts, lower investment yields, and higher deposit costs driven by rate environment.
Material weakness in internal control over financial reporting related to accounting treatment of certain consumer lending program agreements; remediation in progress through third-party technical accounting consultant and enhanced periodic review controls.
Tax services portfolio is highly seasonal with ACL coverage of 58.63% at March 31, 2026; originations of $1.87B YTD in refund advances (vs $1.66B prior year) create significant provision volatility.

AI-extracted and verified against SEC EDGAR filing text. Not investment advice.

Read the full 10-Q on SEC EDGAR →Share on X

Revenue

Q2 2026

$276.3M

Net Income

Q2 2026

$72.9M

Free Cash Flow

Q2 2026

$230.6M

Operating Margin

Q2 2026

31.6%

D/E Ratio

Q2 2026

0.07

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro+

Revenue

+13.2% YoY

$797.4MFY 2024

FY21 $549.9MFY22 $601.1MFY23 $704.5MFY24 $797.4M

Net Income

+27.9% YoY

$183.2MFY 2024

FY21 $141.7MFY22 $156.4MFY23 $143.3MFY24 $183.2M

EPS (Diluted)

+37.4% YoY

$7.20FY 2024

FY21 $4.38FY22 $5.09FY23 $5.24FY24 $7.20

Total Assets

+0.4% YoY

$7.53BFY 2024

FY21 $6.69BFY22 $6.75BFY23 $7.50BFY24 $7.53B

Total Debt

+1215.0% YoY

$787.4MFY 2024

FY21 $92.8MFY22 $36.0MFY23 $59.9MFY24 $787.4M

Op. Cash Flow

+49.1% YoY

$488.8MFY 2024

FY21 $581.6MFY22 $268.8MFY23 $327.9MFY24 $488.8M

Metric	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Revenue	$797.4M +13.2%	$704.5M +17.2%	$601.1M +9.3%	$549.9M +10.2%	$498.8M +2.5%	$486.8M
Net Income	$183.2M +27.9%	$143.3M -8.4%	$156.4M +10.4%	$141.7M +35.3%	$104.7M +8.0%	$97.0M
EPS (Diluted)	$7.20 +37.4%	$5.24 +2.9%	$5.09 +16.2%	$4.38 +49.0%	$2.94 +18.1%	$2.49
Total Assets	$7.53B +0.4%	$7.50B +11.2%	$6.75B +0.8%	$6.69B +9.8%	$6.09B -1.5%	$6.18B
Total Debt	$787.4M +1215.0%	$59.9M +66.2%	$36.0M -61.2%	$92.8M -5.5%	$98.2M -93.5%	$1.51B
Operating Cash Flow	$488.8M +49.1%	$327.9M +22.0%	$268.8M -53.8%	$581.6M +24.5%	$467.2M +144.6%	$191.0M

AI Insight: CASH Financial Trends

Q1 2026 revenue of $276M and net income of $73M nearly mirror Q1 2025's peak, confirming a durable seasonal earnings cycle.

• Net income in Q1 periods held firm: $73M in Q1 2025 and $73M in Q1 2026, signaling consistent seasonal peak profitability.

• Equity grew from $766M in Q2 2024 to $858M in Q3 2025 and $851M in Q1 2026, reflecting steady retained earnings accumulation.

• Operating cash flow swings are extreme — ranging from -$72M in Q4 2024 to $304M in Q3 2025 — suggesting highly seasonal working capital.

⚠ Total debt spiked to $787M in Q3 2024 and $148M in Q2 2025 before normalizing — monitor for recurring leverage spikes mid-year.

⚠ Revenue dipped to $173M in Q4 2025 vs. $174M in Q4 2024 — watch whether non-peak quarters show any sequential deterioration.

AI Insight: CASH Ratio Trends

Q1 seasonality drives peak profitability, with Q1 2026 ROE of 34.2% and ROIC of 38.3% nearly matching the exceptional Q1 2025 results.

• Q1 quarters consistently outperform: ROE hit 36.1% in Q1 2025 and 34.2% in Q1 2026, versus 15–20% in other quarters.

• Operating margin in Q1 2026 reached 31.6%, up from 24.6% in Q4 2025, continuing a strong seasonal Q1 pattern.

• TTM ROA of 2.7% and ROIC of 24.7% reflect healthy full-cycle returns, well above Q2–Q4 quarterly averages.

• D/E spiked to 0.94 in Q3 2024 before collapsing back to 0.04–0.07, suggesting a transient borrowing event, not a structural shift.

⚠ Profitability outside Q1 remains materially weaker — Q4 2025 ROE was only 16.5% — raising questions about earnings consistency.

⚠ The Q3 2024 D/E spike to 0.94 warrants monitoring; any recurrence could signal balance sheet stress.

⚠ NPM of 26.4% in Q1 2026 slightly edges Q1 2025's 25.9% — watch whether mid-year margins hold better than prior year.

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Available Research

13F Pro tracks comprehensive data for PATHWARD FINANCIAL, INC. including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of CASH

BlackRock, Inc.
$281.9M3,159,659 sh
FMR LLC
$174.6M1,956,515 sh
STATE STREET CORP
$118.6M1,328,788 sh
AMERICAN CENTURY COMPANIES INC
$101.6M1,138,461 sh
DIMENSIONAL FUND ADVISORS LP
$97.6M1,093,338 sh
VANGUARD CAPITAL MANAGEMENT LLC
$66.9M750,164 sh
Pure Financial Advisors, LLC
$65.9M0 sh
GEODE CAPITAL MANAGEMENT, LLC
$62.4M699,745 sh
EARNEST PARTNERS LLC
$51.2M573,512 sh
VANGUARD PORTFOLIO MANAGEMENT LLC
$38.9M436,444 sh

Fund	Value	Shares
BlackRock, Inc.	$281.9M	3,159,659
FMR LLC	$174.6M	1,956,515
STATE STREET CORP	$118.6M	1,328,788
AMERICAN CENTURY COMPANIES INC	$101.6M	1,138,461
DIMENSIONAL FUND ADVISORS LP	$97.6M	1,093,338
VANGUARD CAPITAL MANAGEMENT LLC	$66.9M	750,164
Pure Financial Advisors, LLC	$65.9M	0
GEODE CAPITAL MANAGEMENT, LLC	$62.4M	699,745
EARNEST PARTNERS LLC	$51.2M	573,512
VANGUARD PORTFOLIO MANAGEMENT LLC	$38.9M	436,444

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Is CASH a good stock to buy?

13F Pro's AI-powered analysis of PATHWARD FINANCIAL, INC. (CASH) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Financials sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for CASH are available on the CASH stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.

Which hedge funds own CASH?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling CASH. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of PATHWARD FINANCIAL, INC.'s investment landscape.