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Side-by-side financial comparison of APPIAN CORP (APPN) 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 $202.9M, roughly 1.4× APPIAN CORP). PATHWARD FINANCIAL, INC. runs the higher net margin — 26.4% vs -2.5%, a 28.9% gap on every dollar of revenue. Over the past eight quarters, PATHWARD FINANCIAL, INC.'s revenue compounded faster (21.0% CAGR vs 16.4%).
Appian Corporation is an American cloud computing and enterprise software company headquartered in McLean, Virginia, part of the Dulles Technology Corridor. The company sells a platform as a service (PaaS) for building enterprise software applications. It is focused on low-code development, process mining, business process management, and case management markets in North America, Europe, the Middle East and Southeast Asia.
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.
APPN vs CASH — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $202.9M | $276.3M |
| Net Profit | $-5.1M | $72.9M |
| Gross Margin | 64.8% | — |
| Operating Margin | -0.3% | — |
| Net Margin | -2.5% | 26.4% |
| Revenue YoY | 21.7% | — |
| Net Profit YoY | 62.6% | — |
| EPS (diluted) | $-0.06 | $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 | $202.9M | $173.1M | ||
| Q3 25 | $187.0M | $186.7M | ||
| Q2 25 | $170.6M | $195.8M | ||
| Q1 25 | $166.4M | $274.8M | ||
| Q4 24 | $166.7M | $182.6M | ||
| Q3 24 | $154.1M | $179.5M | ||
| Q2 24 | $146.4M | $188.6M |
| Q1 26 | — | $72.9M | ||
| Q4 25 | $-5.1M | $35.2M | ||
| Q3 25 | $7.8M | $38.8M | ||
| Q2 25 | $-312.0K | $42.1M | ||
| Q1 25 | $-1.2M | $75.0M | ||
| Q4 24 | $-13.6M | $30.0M | ||
| Q3 24 | $-2.1M | $33.5M | ||
| Q2 24 | $-43.6M | $44.9M |
| Q1 26 | — | — | ||
| Q4 25 | 64.8% | — | ||
| Q3 25 | 75.8% | — | ||
| Q2 25 | 74.3% | — | ||
| Q1 25 | 76.6% | — | ||
| Q4 24 | 67.8% | — | ||
| Q3 24 | 75.9% | — | ||
| Q2 24 | 73.1% | — |
| Q1 26 | — | — | ||
| Q4 25 | -0.3% | 24.6% | ||
| Q3 25 | 7.0% | 25.9% | ||
| Q2 25 | -6.4% | 24.1% | ||
| Q1 25 | -0.5% | 33.2% | ||
| Q4 24 | 3.0% | 19.8% | ||
| Q3 24 | -4.6% | 20.9% | ||
| Q2 24 | -26.8% | 27.1% |
| Q1 26 | — | 26.4% | ||
| Q4 25 | -2.5% | 20.3% | ||
| Q3 25 | 4.2% | 20.8% | ||
| Q2 25 | -0.2% | 21.5% | ||
| Q1 25 | -0.7% | 27.3% | ||
| Q4 24 | -8.2% | 16.4% | ||
| Q3 24 | -1.4% | 18.7% | ||
| Q2 24 | -29.8% | 23.8% |
| Q1 26 | — | $3.35 | ||
| Q4 25 | $-0.06 | $1.57 | ||
| Q3 25 | $0.10 | $1.69 | ||
| Q2 25 | $0.00 | $1.81 | ||
| Q1 25 | $-0.02 | $3.14 | ||
| Q4 24 | $-0.18 | $1.23 | ||
| Q3 24 | $-0.03 | $1.34 | ||
| Q2 24 | $-0.60 | $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 | $187.2M | $157.6M |
| Total DebtLower is stronger | $240.8M | $59.5M |
| Stockholders' EquityBook value | $-47.0M | $850.7M |
| Total Assets | $691.4M | $7.1B |
| Debt / EquityLower = less leverage | — | 0.07× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $157.6M | ||
| Q4 25 | $187.2M | $331.2M | ||
| Q3 25 | $191.6M | $120.6M | ||
| Q2 25 | $184.8M | $258.3M | ||
| Q1 25 | $199.7M | $254.2M | ||
| Q4 24 | $159.9M | $597.4M | ||
| Q3 24 | $99.2M | $158.3M | ||
| Q2 24 | $120.8M | $298.9M |
| Q1 26 | — | $59.5M | ||
| Q4 25 | $240.8M | $33.5M | ||
| Q3 25 | $245.7M | $33.5M | ||
| Q2 25 | $245.6M | $33.4M | ||
| Q1 25 | $248.0M | $33.4M | ||
| Q4 24 | $250.4M | $33.4M | ||
| Q3 24 | $252.8M | $33.4M | ||
| Q2 24 | $254.0M | $33.3M |
| Q1 26 | — | $850.7M | ||
| Q4 25 | $-47.0M | $854.5M | ||
| Q3 25 | $-48.5M | $858.0M | ||
| Q2 25 | $-53.7M | $819.0M | ||
| Q1 25 | $-31.7M | $814.7M | ||
| Q4 24 | $-32.6M | $758.3M | ||
| Q3 24 | $-49.8M | $822.5M | ||
| Q2 24 | $-45.7M | $748.4M |
| Q1 26 | — | $7.1B | ||
| Q4 25 | $691.4M | $7.6B | ||
| Q3 25 | $611.7M | $7.2B | ||
| Q2 25 | $590.7M | $7.2B | ||
| Q1 25 | $592.9M | $7.0B | ||
| Q4 24 | $621.0M | $7.6B | ||
| Q3 24 | $549.9M | $7.5B | ||
| Q2 24 | $554.6M | $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 | $1.1M | — |
| Free Cash FlowOCF − Capex | $270.0K | — |
| FCF MarginFCF / Revenue | 0.1% | — |
| Capex IntensityCapex / Revenue | 0.4% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $59.6M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $1.1M | $108.3M | ||
| Q3 25 | $18.7M | $303.7M | ||
| Q2 25 | $-1.9M | $30.4M | ||
| Q1 25 | $45.0M | $188.3M | ||
| Q4 24 | $13.9M | $-71.7M | ||
| Q3 24 | $-8.2M | $143.1M | ||
| Q2 24 | $-17.6M | $113.2M |
| Q1 26 | — | — | ||
| Q4 25 | $270.0K | $104.1M | ||
| Q3 25 | $18.1M | $300.3M | ||
| Q2 25 | $-3.1M | $27.7M | ||
| Q1 25 | $44.3M | $184.7M | ||
| Q4 24 | $13.4M | $-73.8M | ||
| Q3 24 | $-8.6M | $138.8M | ||
| Q2 24 | $-18.3M | $111.0M |
| Q1 26 | — | — | ||
| Q4 25 | 0.1% | 60.1% | ||
| Q3 25 | 9.7% | 160.9% | ||
| Q2 25 | -1.8% | 14.1% | ||
| Q1 25 | 26.6% | 67.2% | ||
| Q4 24 | 8.0% | -40.4% | ||
| Q3 24 | -5.6% | 77.3% | ||
| Q2 24 | -12.5% | 58.8% |
| Q1 26 | — | — | ||
| Q4 25 | 0.4% | 2.4% | ||
| Q3 25 | 0.3% | 1.8% | ||
| Q2 25 | 0.7% | 1.4% | ||
| Q1 25 | 0.4% | 1.3% | ||
| Q4 24 | 0.3% | 1.1% | ||
| Q3 24 | 0.2% | 2.4% | ||
| Q2 24 | 0.5% | 1.2% |
| Q1 26 | — | — | ||
| Q4 25 | — | 3.08× | ||
| Q3 25 | 2.39× | 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
APPN
| Subscriptions Software And Support | $162.3M | 80% |
| Professional Services | $40.6M | 20% |
CASH
| Noninterest Income | $151.2M | 55% |
| Net Interest Income | $125.1M | 45% |
