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Side-by-side financial comparison of ACV Auctions Inc. (ACVA) and PATHWARD FINANCIAL, INC. (CASH). Click either name above to swap in a different company.
PATHWARD FINANCIAL, INC. is the larger business by last-quarter revenue ($276.3M vs $183.6M, roughly 1.5× ACV Auctions Inc.). Over the past eight quarters, PATHWARD FINANCIAL, INC.'s revenue compounded faster (21.0% CAGR vs 12.3%).
ACV Auctions Inc.ACVAEarnings & Financial Report
ACV Auctions Inc. operates a leading digital wholesale vehicle auction platform serving automotive dealers across the U.S. and Canada. It offers end-to-end services including transparent vehicle inspections, secure payment processing, and logistics support, enabling efficient trading of used vehicles between registered wholesale buyers and sellers.
Pathward Financial, Inc. is a U.S.-based banking and financial services company. It adopted its current name in 2022 after its parent, Meta Financial Group, sold the "Meta" trademark to Meta Platforms.
ACVA vs CASH — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $183.6M | $276.3M |
| Net Profit | — | $72.9M |
| Gross Margin | — | — |
| Operating Margin | -9.7% | — |
| Net Margin | — | 26.4% |
| Revenue YoY | 15.1% | — |
| Net Profit YoY | — | — |
| EPS (diluted) | $-0.12 | $3.35 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | — | $276.3M | ||
| Q4 25 | $183.6M | $173.1M | ||
| Q3 25 | $199.6M | $186.7M | ||
| Q2 25 | $193.7M | $195.8M | ||
| Q1 25 | $182.7M | $274.8M | ||
| Q4 24 | $159.5M | $182.6M | ||
| Q3 24 | $171.3M | $179.5M | ||
| Q2 24 | $160.6M | $188.6M |
| Q1 26 | — | $72.9M | ||
| Q4 25 | — | $35.2M | ||
| Q3 25 | $-24.5M | $38.8M | ||
| Q2 25 | $-7.3M | $42.1M | ||
| Q1 25 | $-14.8M | $75.0M | ||
| Q4 24 | — | $30.0M | ||
| Q3 24 | $-16.0M | $33.5M | ||
| Q2 24 | $-17.1M | $44.9M |
| Q1 26 | — | — | ||
| Q4 25 | -9.7% | 24.6% | ||
| Q3 25 | -11.9% | 25.9% | ||
| Q2 25 | -3.7% | 24.1% | ||
| Q1 25 | -7.9% | 33.2% | ||
| Q4 24 | -16.2% | 19.8% | ||
| Q3 24 | -10.0% | 20.9% | ||
| Q2 24 | -11.6% | 27.1% |
| Q1 26 | — | 26.4% | ||
| Q4 25 | — | 20.3% | ||
| Q3 25 | -12.3% | 20.8% | ||
| Q2 25 | -3.8% | 21.5% | ||
| Q1 25 | -8.1% | 27.3% | ||
| Q4 24 | — | 16.4% | ||
| Q3 24 | -9.4% | 18.7% | ||
| Q2 24 | -10.6% | 23.8% |
| Q1 26 | — | $3.35 | ||
| Q4 25 | $-0.12 | $1.57 | ||
| Q3 25 | $-0.14 | $1.69 | ||
| Q2 25 | $-0.04 | $1.81 | ||
| Q1 25 | $-0.09 | $3.14 | ||
| Q4 24 | $-0.15 | $1.23 | ||
| Q3 24 | $-0.10 | $1.34 | ||
| Q2 24 | $-0.10 | $1.78 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $271.5M | $157.6M |
| Total DebtLower is stronger | — | $59.5M |
| Stockholders' EquityBook value | $429.7M | $850.7M |
| Total Assets | $1.1B | $7.1B |
| Debt / EquityLower = less leverage | — | 0.07× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $157.6M | ||
| Q4 25 | $271.5M | $331.2M | ||
| Q3 25 | $265.3M | $120.6M | ||
| Q2 25 | $258.4M | $258.3M | ||
| Q1 25 | $291.9M | $254.2M | ||
| Q4 24 | $224.1M | $597.4M | ||
| Q3 24 | $252.5M | $158.3M | ||
| Q2 24 | $215.0M | $298.9M |
| Q1 26 | — | $59.5M | ||
| Q4 25 | — | $33.5M | ||
| Q3 25 | — | $33.5M | ||
| Q2 25 | — | $33.4M | ||
| Q1 25 | — | $33.4M | ||
| Q4 24 | — | $33.4M | ||
| Q3 24 | — | $33.4M | ||
| Q2 24 | — | $33.3M |
| Q1 26 | — | $850.7M | ||
| Q4 25 | $429.7M | $854.5M | ||
| Q3 25 | $434.4M | $858.0M | ||
| Q2 25 | $448.8M | $819.0M | ||
| Q1 25 | $439.6M | $814.7M | ||
| Q4 24 | $440.0M | $758.3M | ||
| Q3 24 | $456.2M | $822.5M | ||
| Q2 24 | $457.6M | $748.4M |
| Q1 26 | — | $7.1B | ||
| Q4 25 | $1.1B | $7.6B | ||
| Q3 25 | $1.2B | $7.2B | ||
| Q2 25 | $1.1B | $7.2B | ||
| Q1 25 | $1.2B | $7.0B | ||
| Q4 24 | $984.1M | $7.6B | ||
| Q3 24 | $1.0B | $7.5B | ||
| Q2 24 | $1.0B | $7.5B |
| Q1 26 | — | 0.07× | ||
| Q4 25 | — | 0.04× | ||
| Q3 25 | — | 0.04× | ||
| Q2 25 | — | 0.04× | ||
| Q1 25 | — | 0.04× | ||
| Q4 24 | — | 0.04× | ||
| Q3 24 | — | 0.04× | ||
| Q2 24 | — | 0.04× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-12.4M | — |
| Free Cash FlowOCF − Capex | $-14.7M | — |
| FCF MarginFCF / Revenue | -8.0% | — |
| Capex IntensityCapex / Revenue | 1.2% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $69.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $-12.4M | $108.3M | ||
| Q3 25 | $10.3M | $303.7M | ||
| Q2 25 | $13.7M | $30.4M | ||
| Q1 25 | $66.6M | $188.3M | ||
| Q4 24 | $-3.2M | $-71.7M | ||
| Q3 24 | $21.1M | $143.1M | ||
| Q2 24 | $4.5M | $113.2M |
| Q1 26 | — | — | ||
| Q4 25 | $-14.7M | $104.1M | ||
| Q3 25 | $7.7M | $300.3M | ||
| Q2 25 | $10.9M | $27.7M | ||
| Q1 25 | $65.3M | $184.7M | ||
| Q4 24 | $-3.9M | $-73.8M | ||
| Q3 24 | $20.2M | $138.8M | ||
| Q2 24 | $2.7M | $111.0M |
| Q1 26 | — | — | ||
| Q4 25 | -8.0% | 60.1% | ||
| Q3 25 | 3.8% | 160.9% | ||
| Q2 25 | 5.6% | 14.1% | ||
| Q1 25 | 35.7% | 67.2% | ||
| Q4 24 | -2.5% | -40.4% | ||
| Q3 24 | 11.8% | 77.3% | ||
| Q2 24 | 1.7% | 58.8% |
| Q1 26 | — | — | ||
| Q4 25 | 1.2% | 2.4% | ||
| Q3 25 | 1.3% | 1.8% | ||
| Q2 25 | 1.5% | 1.4% | ||
| Q1 25 | 0.7% | 1.3% | ||
| Q4 24 | 0.4% | 1.1% | ||
| Q3 24 | 0.6% | 2.4% | ||
| Q2 24 | 1.1% | 1.2% |
| Q1 26 | — | — | ||
| Q4 25 | — | 3.08× | ||
| Q3 25 | — | 7.83× | ||
| Q2 25 | — | 0.72× | ||
| Q1 25 | — | 2.51× | ||
| Q4 24 | — | -2.39× | ||
| Q3 24 | — | 4.27× | ||
| Q2 24 | — | 2.52× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ACVA
| Auction Marketplace Revenue | $77.6M | 42% |
| Other Marketplace Revenue | $72.4M | 39% |
| Customer Assurance | $24.1M | 13% |
| Data Services Revenue | $9.4M | 5% |
CASH
| Noninterest Income | $151.2M | 55% |
| Net Interest Income | $125.1M | 45% |
