Pathward Financial, Inc. (CASH) Balance Sheet
CASH balance sheet, FY2025
September 30, 2025 · U.S. dollars$7.17B assets = $6.31B liabilities + $857.5M equity
Both columns are drawn to the same scale: what CASH owns equals what it owes plus shareholders’ equity. Hover a block for its value.
CASH financial health
Descriptive bands, not a rating. Fiscal FY2025.
CASH balance sheet trends, FY2016–FY2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $4.01BFY2016 | $7.17BFY2025 | +6.7%/yr | |
| Total liabilities | $3.67BFY2016 | $6.31BFY2025 | +6.2%/yr | |
| Shareholders’ equity | $335.0MFY2016 | $858.0MFY2025 | +11.0%/yr | |
| Cash & short-term investments | $1.68BFY2016 | $1.09BFY2025 | −4.7%/yr | |
| Total debt | $1.19BFY2016 | $42.5MFY2025 | −30.9%/yr | |
| Net cash (debt) | $496.6MFY2016 | $1.05BFY2025 | +$554.6M | |
| Working capital | −$1.86BFY2016 | −$4.61BFY2025 | −$2.8B | |
| Book value per share | $13.21FY2016 | $36.48FY2025 | +11.9%/yr | |
| Debt / equity | 3.55FY2016 | 0.05FY2025 | −3.50 | |
| Shares outstanding | 25.4MFY2016 | 23.5MFY2025 | −0.8%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
CASH assets
CASH liabilities and equity
CASH debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
CASH balance sheet
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $1.09B | $1.90B | $2.18B | $2.27B | $1.16B | $1.24B | $1.02B | $1.59B | $2.37B | $1.68B |
| Cash & equivalents | $120.6M | $158.3M | $375.6M | $388.0M | $314.0M | $427.4M | $126.5M | $100.0M | $1.27B | $773.8M |
| Short-term investments | $973.0M | $1.74B | $1.80B | $1.88B | $847.9M | $814.5M | $889.9M | $1.49B | $1.11B | $910.3M |
| Receivables | $187.8M | $183.6M | $206.7M | $228.7M | $16.3M | $16.6M | $20.4M | $22.0M | $19.4M | $17.2M |
| Inventory | $0 | $0 | −$398.9M | −$406.0M | −$342.9M | −$462.3M | −$185.9M | $31.6M | $292,000 | $76,000 |
| Other current assets | $0 | $0 | $398.9M | $406.0M | $342.9M | $462.3M | $195.4M | $0 | $28.1M | $9.4M |
| Total current assets | $1.28B | $2.08B | $2.39B | $2.50B | $1.18B | $1.26B | $1.05B | $1.63B | $2.42B | $1.71B |
| Property, plant & equipment (net) | $200.1M | $244.4M | $250.9M | $246.1M | $258.0M | $247.6M | $254.5M | $147.7M | $19.3M | $18.6M |
| Goodwill & intangible assets | $310.4M | $326.1M | $330.2M | $335.2M | $342.7M | $351.2M | $362.3M | $374.0M | $150.9M | $65.8M |
| Long-term investments | $1.36B | $1.77B | $1.84B | $1.92B | $1.92B | $270.8M | $1.02B | $2.03B | $2.14B | $2.87B |
| Other non-current assets | $4.02B | $3.12B | $2.73B | $1.74B | $2.99B | $3.96B | $3.50B | $1.65B | $492.5M | $0 |
| Total assets | $7.17B | $7.55B | $7.54B | $6.75B | $6.69B | $6.09B | $6.18B | $5.84B | $5.23B | $4.01B |
| Liabilities | ||||||||||
| Accounts payable | — | — | — | $5.87B | $579,000 | $1.9M | $9.4M | $7.8M | $2.3M | $875,000 |
| Short-term debt | $9.0M | $377.0M | $13.0M | $4.5M | $5.1M | $9.2M | $646.0M | $425.8M | $1.40B | $1.10B |
| Deferred revenue | — | — | — | — | −$4.5M | −$7.3M | — | — | — | −$2.32B |
| Total current liabilities | $5.90B | $6.25B | $6.85B | $5.80B | $579,000 | $1.9M | $5.12B | $5.00B | $4.71B | $3.57B |
| Long-term debt | $33.5M | $33.4M | $33.9M | $36.0M | $92.8M | $98.2M | $105.8M | $89.0M | $85.5M | $92.5M |
| Lease obligations | — | — | — | — | $5.2M | $10.8M | $18.5M | $1.9M | $1.9M | $2.0M |
| Other long-term liabilities | $385.5M | $424.3M | $0 | $6.07B | $0 | $0 | $110.0M | $0 | $0 | $4.6M |
| Total liabilities | $6.31B | $6.71B | $6.88B | $6.10B | $5.82B | $5.24B | $5.34B | $5.09B | $4.79B | $3.67B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $228,000 | $248,000 | $262,000 | $288,000 | $317,000 | $344,000 | $378,000 | $566.2M | $288,000 | $85,000 |
| Retained earnings (deficit) | $359.8M | $354.5M | $278.7M | $245.4M | $259.2M | $234.9M | $252.8M | $213.0M | $167.2M | $127.2M |
| Treasury stock | — | — | — | — | −$860,000 | −$3.7M | −$445,000 | −$2.0M | −$266,000 | $0 |
| Accumulated other comprehensive income | −$145.5M | −$153.4M | −$255.4M | −$213.1M | $7.6M | $17.5M | $6.3M | −$33.1M | $9.2M | $22.9M |
| Minority interest | −$591,000 | −$277,000 | −$1.0M | −$30,000 | $1.2M | $3.6M | — | $3.6M | $0 | $0 |
| Total shareholders' equity | $858.0M | $839.9M | $651.6M | $645.1M | $871.9M | $847.3M | $839.9M | $744.2M | $434.5M | $335.0M |
| Key figures | ||||||||||
| Total debt | $42.5M | $410.4M | $46.9M | $40.6M | $97.9M | $107.4M | $861.9M | $514.7M | $1.49B | $1.19B |
| Net cash (debt) | $1.05B | $1.49B | $2.13B | $2.23B | $1.06B | $1.13B | $154.6M | $1.07B | $884.5M | $496.6M |
| Working capital | −$4.61B | −$4.17B | −$4.46B | −$3.30B | $1.18B | $1.26B | −$4.08B | −$3.36B | −$2.29B | −$1.86B |
| Tangible book value | $547.6M | $513.8M | $321.4M | $309.9M | $529.2M | $496.1M | $477.6M | $370.2M | $283.6M | $269.1M |
| Book value per share | $36.48 | $33.33 | $24.20 | $22.07 | $27.46 | $23.77 | $21.58 | $24.12 | $15.57 | $13.21 |
| Shares outstanding | 23.5M | 25.2M | 26.9M | 29.2M | 31.8M | 35.7M | 38.9M | 30.9M | 27.9M | 25.4M |
| Current ratio | 0.22 | 0.33 | 0.35 | 0.43 | 2,034.79 | 654.44 | 0.20 | 0.33 | 0.51 | 0.48 |
| Quick ratio | 0.22 | 0.33 | 0.35 | 0.43 | 2,034.79 | 654.44 | 0.20 | 0.32 | 0.51 | 0.48 |
| Debt / equity | 0.05 | 0.49 | 0.07 | 0.06 | 0.11 | 0.13 | 1.03 | 0.69 | 3.43 | 3.55 |
| Equity / assets | 12.0% | 11.1% | 8.6% | 9.6% | 13.0% | 13.9% | 13.6% | 12.8% | 8.3% | 8.4% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $1.37B | $157.6M | $1.29B | $1.09B | $1.26B | $1.28B | $2.08B | $1.90B | $2.02B | $2.13B | $2.52B | $2.18B |
| Cash & equivalents | $149.4M | $157.6M | $331.2M | $120.6M | $258.3M | $254.2M | $597.4M | $158.3M | $298.9M | $347.9M | $671.6M | $375.6M |
| Short-term investments | $1.22B | $1.27B | $961.4M | $973.0M | $1.01B | $1.03B | $1.48B | $1.74B | $1.73B | $1.78B | $1.85B | $1.80B |
| Receivables | $37.0M | $36.1M | $36.2M | $187.8M | $174.2M | $37.1M | $173.6M | $183.6M | $182.9M | $197.4M | $212.0M | $206.7M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | −$2.06B | −$2.16B | −$883.6M | −$582.3M |
| Other current assets | $97.3M | $0 | $0 | $0 | $0 | — | $0 | $0 | $2.06B | $2.16B | $883.6M | $582.3M |
| Total current assets | $1.50B | $193.7M | $1.33B | $1.28B | $1.44B | — | $2.25B | $2.08B | $2.21B | $2.32B | $2.73B | $2.39B |
| Property, plant & equipment (net) | $43.3M | $210.3M | $196.9M | $200.1M | $221.2M | $241.7M | $245.0M | $244.4M | $246.5M | $253.2M | $267.2M | $250.9M |
| Goodwill & intangible assets | $318.1M | $308.7M | $309.7M | $310.4M | $311.2M | $609.9M | $313.1M | $326.1M | $327.0M | $328.0M | $329.2M | $330.2M |
| Long-term investments | $1.25B | $1.30B | $1.34B | $1.36B | $1.40B | $1.44B | $1.51B | $1.77B | $1.76B | $1.81B | $1.89B | $1.84B |
| Other non-current assets | $4.20B | $5.10B | $4.39B | $4.02B | $3.86B | $4.72B | $3.30B | $3.12B | $2.99B | $2.72B | $2.71B | $2.73B |
| Total assets | $7.31B | $7.11B | $7.56B | $7.17B | $7.23B | $7.01B | $7.62B | $7.55B | $7.53B | $7.44B | $7.93B | $7.54B |
| Liabilities | ||||||||||||
| Short-term debt | $167.5M | $26.0M | — | $9.0M | $115.0M | — | $2.5M | $377.0M | $1.1M | $31.0M | $3.1M | $13.0M |
| Total current liabilities | $6.12B | $26.0M | $6.35B | $5.90B | $6.12B | — | $6.52B | $6.25B | $6.43B | $6.40B | $6.94B | $6.85B |
| Long-term debt | $33.5M | $33.5M | $33.5M | $33.5M | $33.4M | $33.4M | $33.4M | $33.4M | $33.3M | $33.4M | $33.6M | $33.9M |
| Other long-term liabilities | $311.9M | $6.20B | $322.6M | $385.5M | $258.0M | $6.15B | $293.6M | $424.3M | $300.2M | $264.9M | $228.5M | $0 |
| Total liabilities | $6.46B | $6.26B | $6.71B | $6.31B | $6.41B | $6.18B | $6.85B | $6.71B | $6.77B | $6.70B | $7.20B | $6.88B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $210,000 | $213,000 | $222,000 | $228,000 | $230,000 | $236,000 | $241,000 | $248,000 | $251,000 | $254,000 | $260,000 | $262,000 |
| Retained earnings (deficit) | $339.3M | $340.7M | $346.5M | $359.8M | $337.3M | $360.0M | $332.3M | $354.5M | $343.4M | $318.0M | $293.5M | $278.7M |
| Accumulated other comprehensive income | −$142.7M | −$141.1M | −$135.0M | −$145.5M | −$159.7M | −$166.3M | −$190.9M | −$153.4M | −$208.0M | −$206.6M | −$188.4M | −$255.4M |
| Minority interest | $245,000 | −$785,000 | −$823,000 | −$591,000 | −$856,000 | — | — | — | — | — | — | — |
| Total shareholders' equity | $850.9M | $851.5M | $854.5M | $858.0M | $819.0M | $832.9M | $777.2M | $839.9M | $765.8M | $739.9M | $729.8M | $651.6M |
| Key figures | ||||||||||||
| Total debt | $201.0M | $59.5M | $33.5M | $42.5M | $148.4M | $33.4M | $33.4M | $410.4M | $33.3M | $64.4M | $33.6M | $46.9M |
| Net cash (debt) | $1.17B | $98.1M | $1.26B | $1.05B | $1.12B | $1.25B | $2.04B | $1.49B | $1.99B | $2.06B | $2.49B | $2.13B |
| Working capital | −$4.61B | $167.7M | −$5.02B | −$4.61B | −$4.68B | — | −$4.27B | −$4.17B | −$4.22B | −$4.07B | −$4.20B | −$4.46B |
| Tangible book value | $532.8M | $542.7M | $544.8M | $547.6M | $507.8M | $223.0M | $464.1M | $513.8M | $438.7M | $411.9M | $400.6M | $321.4M |
| Book value per share | $39.08 | $39.20 | $38.18 | $37.56 | $35.39 | $35.03 | $32.01 | $33.98 | $30.65 | $29.23 | $28.28 | $25.07 |
| Shares outstanding | 21.8M | 21.7M | 22.4M | 22.8M | 23.1M | 23.8M | 24.3M | 24.7M | 25.0M | 25.3M | 25.8M | 26.0M |
| Current ratio | 0.25 | 7.45 | 0.21 | 0.22 | 0.24 | — | 0.35 | 0.33 | 0.34 | 0.36 | 0.39 | 0.35 |
| Quick ratio | 0.23 | 7.45 | 0.21 | 0.22 | 0.24 | — | 0.35 | 0.33 | 0.34 | 0.36 | 0.39 | 0.35 |
| Debt / equity | 0.24 | 0.07 | 0.04 | 0.05 | 0.18 | 0.04 | 0.04 | 0.49 | 0.04 | 0.09 | 0.05 | 0.07 |
| Equity / assets | 11.6% | 12.0% | 11.3% | 12.0% | 11.3% | 11.9% | 10.2% | 11.1% | 10.2% | 9.9% | 9.2% | 8.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed November 25, 2025); data from EODHD.
CASH financial position
At the end of fiscal 2025 (September 30, 2025), Pathward Financial had total assets of $7.2 billion (down 5.0% from a year earlier), total liabilities of $6.3 billion and shareholders' equity of $858.0 million. It held $1.1 billion in cash and short-term investments against $42.5 million of debt, a net cash position of $1.1 billion. Its current ratio was 0.22. In the latest quarter (ended June 30, 2026) total assets were $7.3 billion and equity $850.9 million.
Related: CASH income statement, CASH cash flow statement, CASH key metrics. See the CASH stock overview for the latest quote and news.
CASH balance sheet FAQ
What are Pathward Financial's total assets?
Pathward Financial reported total assets of $7.2 billion at the end of fiscal 2025 (September 30, 2025), compared with $7.5 billion a year earlier.
How much debt does Pathward Financial have?
Pathward Financial had $42.5 million of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 0.05.
How much cash does Pathward Financial have?
Pathward Financial held $1.1 billion in cash and short-term investments at the end of fiscal 2025; with $42.5 million of debt that is net cash of $1.1 billion.
What is Pathward Financial's book value?
Pathward Financial's shareholders' equity (book value) was $858.0 million at the end of fiscal 2025, or $36.48 per share.
What is Pathward Financial's current ratio?
Pathward Financial had current assets of $1.3 billion and current liabilities of $5.9 billion, a current ratio of 0.22 (current liabilities exceed current assets).
How much goodwill does Pathward Financial have?
Pathward Financial carried $310.4 million of goodwill and intangible assets, 4.3% of total assets, at the end of fiscal 2025.