Cass Information Systems, Inc. (CASS) Income Statement
CASS 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsCASS revenue and net income
Where CASS's revenue goes
2025Each bar shows an amount and its share of revenue. CASS kept 18.4% of revenue as net income.
CASS profit margins
CASS growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −13.1% | +0.7% | +5.2% | +4.6% |
| Gross profit | +1.8% | +3.1% | +9.2% | +5.4% |
| Operating income | +60.0% | −3.3% | +5.0% | +2.7% |
| Net income | +83.2% | +0.2% | +6.9% | +4.3% |
| EPS (diluted) | +68.1% | −2.8% | +6.0% | +4.3% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
CASS quarterly EPS vs estimates
Cass Information Systems beat the analyst EPS estimate in 3 of the last 8 quarters. Next report: October 22, 2026 (estimate $0.80).
CASS income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $191.1M | $219.9M | $213.2M | $187.3M | $155.2M | $148.1M | $162.7M | $152.0M | $137.5M | $126.1M |
| Cost of revenue | $13.9M | $32.2M | $26.1M | $12.9M | $11.5M | $24.9M | $14.8M | $12.5M | $10.3M | $9.3M |
| Gross profit | $191.1M | $187.7M | $187.1M | $174.4M | $143.7M | $123.2M | $147.9M | $139.5M | $127.2M | $116.7M |
| Research & development | — | — | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales, general & admin | $113.1M | $14.8M | $6.8M | $6.6M | $6.5M | $5.9M | $7.8M | $92.2M | $82.7M | $78.1M |
| Total operating expenses | $152.3M | $163.4M | $149.7M | $131.5M | $109.9M | $92.9M | $110.4M | $103.1M | $92.3M | $84.7M |
| Operating income | $38.8M | $24.2M | $37.5M | $42.9M | $33.8M | $30.3M | $37.5M | $36.3M | $34.9M | $32.1M |
| Interest income | $97.6M | $88.0M | $80.5M | $58.8M | $44.3M | $47.7M | $52.6M | $47.9M | $42.0M | $39.9M |
| Interest expense | $16.3M | $1,000 | $116,000 | $3.5M | $1.2M | $2,000 | $2,000 | $3.7M | $2.2M | $2.0M |
| Income before taxes | $38.8M | $24.2M | $37.4M | $42.9M | $33.8M | $30.3M | $37.5M | $36.3M | $34.9M | $32.1M |
| Income taxes | $7.6M | $5.1M | $7.3M | $8.0M | $5.2M | $5.2M | $7.1M | $6.1M | $9.9M | $7.7M |
| Net income | $35.1M | $19.2M | $30.1M | $34.9M | $28.6M | $25.2M | $30.4M | $30.3M | $25.0M | $24.3M |
| EBITDA | $46.0M | $30.2M | $42.4M | $47.6M | $39.0M | $35.7M | $42.3M | $47.6M | $46.2M | $41.5M |
| EPS (diluted) | $2.32 | $1.38 | $2.27 | $2.53 | $2.00 | $1.73 | $2.06 | $2.34 | $2.15 | $1.67 |
| Gross margin | 100.0% | 85.3% | 87.8% | 93.1% | 92.6% | 83.2% | 90.9% | 91.8% | 92.5% | 92.6% |
| Operating margin | 20.3% | 11.0% | 17.6% | 22.9% | 21.8% | 20.5% | 23.0% | 23.9% | 25.4% | 25.4% |
| Net margin | 18.4% | 8.7% | 14.1% | 18.6% | 18.4% | 17.0% | 18.7% | 19.9% | 18.2% | 19.3% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $50.5M | $49.1M | $49.5M | $54.0M | $48.6M | $51.4M | $55.1M | $51.5M | $49.7M | $50.4M | $55.2M | $54.0M |
| Cost of revenue | $0 | $0 | $3.5M | $7.6M | $8.0M | $7.5M | $8.2M | $8.0M | $7.9M | $7.7M | $7.3M | $7.1M |
| Gross profit | $50.5M | $49.1M | $49.5M | $46.4M | $40.6M | $43.9M | $46.9M | $43.5M | $41.8M | $42.7M | $47.9M | $46.9M |
| Sales, general & admin | $27.1M | $35.5M | $30.5M | $27.6M | $27.8M | $27.3M | $4.4M | $26.5M | $26.2M | $26.9M | $4.1M | $29.6M |
| Total operating expenses | $37.3M | $38.2M | $39.5M | $34.8M | $34.3M | $33.0M | $41.1M | $39.7M | $36.2M | $33.8M | $37.5M | $37.7M |
| Operating income | $13.2M | $10.9M | $10.0M | $11.6M | $6.3M | $10.9M | $5.8M | $3.8M | $5.6M | $8.9M | $10.4M | $9.2M |
| Interest income | $25.6M | $25.1M | $25.4M | $25.2M | $23.6M | $23.4M | $22.4M | $22.8M | $21.2M | $21.7M | $21.7M | $21.2M |
| Interest expense | $4.1M | $3.9M | $3.9M | $4.2M | $4.2M | $4.1M | $4.6M | $1,000 | $5.3M | $5.2M | $4.7M | $4.6M |
| Income before taxes | $13.2M | $10.9M | $10.0M | $11.6M | $6.3M | $10.9M | $5.8M | $3.8M | $5.6M | $8.9M | $10.4M | $9.2M |
| Income taxes | $2.6M | $2.1M | $1.8M | $2.4M | $1.1M | $2.3M | $1.2M | $736,000 | $1.3M | $1.8M | $1.9M | $1.8M |
| Net income | $10.6M | $8.8M | $8.2M | $9.1M | $8.9M | $9.0M | $4.6M | $2.9M | $4.5M | $7.2M | $8.4M | $7.4M |
| EBITDA | $15.0M | $16.5M | $11.8M | $13.4M | $8.2M | $12.6M | $7.5M | $5.2M | $6.9M | $10.2M | $11.7M | $10.4M |
| EPS (diluted) | $0.71 | $0.66 | $0.62 | $0.69 | $0.38 | $0.63 | $0.33 | $0.21 | $0.32 | $0.52 | $0.61 | $0.54 |
| Gross margin | 100.0% | 100.0% | 100.0% | 85.9% | 83.5% | 85.4% | 85.1% | 84.4% | 84.1% | 84.7% | 86.7% | 86.9% |
| Operating margin | 26.1% | 22.2% | 20.2% | 21.5% | 12.9% | 21.1% | 10.5% | 7.3% | 11.2% | 17.7% | 18.8% | 17.0% |
| Net margin | 21.0% | 18.0% | 16.5% | 16.9% | 18.2% | 17.4% | 8.3% | 5.7% | 9.0% | 14.2% | 15.2% | 13.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in CASS's financial statements (latest annual report filed March 6, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
CASS financial results
In fiscal year 2025 (ended December 31, 2025), Cass Information Systems reported revenue of $191.1 million, down 13.1% from the year before. It had net income of $35.1 million (up 83.2%), a net profit margin of 18.4%. Diluted earnings per share came to $2.32. Over five years revenue grew at an average rate of 5.2% a year.
See the CASS stock overview for the latest quote and news, or the CASS chart for price history and technical indicators.
CASS income statement FAQ
What is Cass Information Systems's annual revenue?
Cass Information Systems reported total revenue of $191.1 million for fiscal year 2025, which ended on December 31, 2025. That was down 13.1% from $219.9 million the previous year.
Is Cass Information Systems profitable?
Yes. Cass Information Systems reported net income of $35.1 million in fiscal 2025, a net profit margin of 18.4%; its operating margin was 20.3%.
What is Cass Information Systems's gross margin?
Cass Information Systems's gross margin was 100.0% in fiscal 2025: for every $100 of revenue, Cass Information Systems kept $100 after the direct cost of its products and services.
How fast is Cass Information Systems growing?
Revenue grew 5.2% a year on average over the last five fiscal years, from $148.1 million to $191.1 million.
What are Cass Information Systems's earnings per share?
Cass Information Systems earned $2.32 per diluted share in fiscal 2025, compared with $1.38 a year earlier.
When will Cass Information Systems report its next earnings?
Cass Information Systems is expected to report results for the quarter ending September 30, 2026 on October 22, 2026 before the market opens.
When does Cass Information Systems's fiscal year end?
Cass Information Systems's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 6, 2026.