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Side-by-side financial comparison of Bandwidth Inc. (BAND) and PATHWARD FINANCIAL, INC. (CASH). Click either name above to swap in a different company.
Bandwidth Inc. is the larger business by last-quarter revenue ($208.8M vs $173.1M, roughly 1.2× PATHWARD FINANCIAL, INC.). PATHWARD FINANCIAL, INC. runs the higher net margin — 20.3% vs 1.9%, a 18.4% gap on every dollar of revenue. On growth, Bandwidth Inc. posted the faster year-over-year revenue change (20.1% vs -0.2%). PATHWARD FINANCIAL, INC. produced more free cash flow last quarter ($104.1M vs $-1.0M). Over the past eight quarters, Bandwidth Inc.'s revenue compounded faster (9.7% CAGR vs -18.0%).
Bandwidth Inc. is a communications platform as a service company. It sells software application programming interfaces for voice, text messaging and emergency services, using its own global IP voice network.
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.
BAND vs CASH — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $208.8M | $173.1M |
| Net Profit | $4.0M | $35.2M |
| Gross Margin | 37.3% | — |
| Operating Margin | 60.5% | 24.6% |
| Net Margin | 1.9% | 20.3% |
| Revenue YoY | 20.1% | -0.2% |
| Net Profit YoY | 200.0% | 11.9% |
| EPS (diluted) | $-0.08 | $1.57 |
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 | $208.8M | — | ||
| Q4 25 | $207.7M | $173.1M | ||
| Q3 25 | $191.9M | $186.7M | ||
| Q2 25 | $180.0M | $195.8M | ||
| Q1 25 | $174.2M | $274.8M | ||
| Q4 24 | $210.0M | $182.6M | ||
| Q3 24 | $193.9M | $179.5M | ||
| Q2 24 | $173.6M | $188.6M |
| Q1 26 | $4.0M | — | ||
| Q4 25 | — | $35.2M | ||
| Q3 25 | $-1.2M | $38.8M | ||
| Q2 25 | $-4.9M | $42.1M | ||
| Q1 25 | $-3.7M | $75.0M | ||
| Q4 24 | — | $30.0M | ||
| Q3 24 | $413.0K | $33.5M | ||
| Q2 24 | $4.1M | $44.9M |
| Q1 26 | 37.3% | — | ||
| Q4 25 | 37.6% | — | ||
| Q3 25 | 38.5% | — | ||
| Q2 25 | 39.8% | — | ||
| Q1 25 | 41.0% | — | ||
| Q4 24 | 36.4% | — | ||
| Q3 24 | 37.7% | — | ||
| Q2 24 | 37.3% | — |
| Q1 26 | 60.5% | — | ||
| Q4 25 | -1.9% | 24.6% | ||
| Q3 25 | -1.0% | 25.9% | ||
| Q2 25 | -2.1% | 24.1% | ||
| Q1 25 | -2.7% | 33.2% | ||
| Q4 24 | -1.3% | 19.8% | ||
| Q3 24 | -0.5% | 20.9% | ||
| Q2 24 | -3.5% | 27.1% |
| Q1 26 | 1.9% | — | ||
| Q4 25 | — | 20.3% | ||
| Q3 25 | -0.6% | 20.8% | ||
| Q2 25 | -2.7% | 21.5% | ||
| Q1 25 | -2.1% | 27.3% | ||
| Q4 24 | — | 16.4% | ||
| Q3 24 | 0.2% | 18.7% | ||
| Q2 24 | 2.3% | 23.8% |
| Q1 26 | $-0.08 | — | ||
| Q4 25 | $-0.10 | $1.57 | ||
| Q3 25 | $-0.04 | $1.69 | ||
| Q2 25 | $-0.16 | $1.81 | ||
| Q1 25 | $-0.13 | $3.14 | ||
| Q4 24 | $0.27 | $1.23 | ||
| Q3 24 | $0.01 | $1.34 | ||
| Q2 24 | $-0.17 | $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 | $47.3M | $331.2M |
| Total DebtLower is stronger | — | $33.5M |
| Stockholders' EquityBook value | $405.7M | $854.5M |
| Total Assets | $984.2M | $7.6B |
| Debt / EquityLower = less leverage | — | 0.04× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $47.3M | — | ||
| Q4 25 | $111.3M | $331.2M | ||
| Q3 25 | $80.4M | $120.6M | ||
| Q2 25 | $68.1M | $258.3M | ||
| Q1 25 | $41.7M | $254.2M | ||
| Q4 24 | $83.8M | $597.4M | ||
| Q3 24 | $79.9M | $158.3M | ||
| Q2 24 | $76.4M | $298.9M |
| Q1 26 | — | — | ||
| 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 | $405.7M | — | ||
| Q4 25 | $400.0M | $854.5M | ||
| Q3 25 | $392.7M | $858.0M | ||
| Q2 25 | $384.5M | $819.0M | ||
| Q1 25 | $345.4M | $814.7M | ||
| Q4 24 | $312.5M | $758.3M | ||
| Q3 24 | $336.6M | $822.5M | ||
| Q2 24 | $307.4M | $748.4M |
| Q1 26 | $984.2M | — | ||
| Q4 25 | $1.1B | $7.6B | ||
| Q3 25 | $1.0B | $7.2B | ||
| Q2 25 | $1.0B | $7.2B | ||
| Q1 25 | $964.4M | $7.0B | ||
| Q4 24 | $989.2M | $7.6B | ||
| Q3 24 | $1.0B | $7.5B | ||
| Q2 24 | $1.0B | $7.5B |
| Q1 26 | — | — | ||
| 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 | — | $108.3M |
| Free Cash FlowOCF − Capex | $-1.0M | $104.1M |
| FCF MarginFCF / Revenue | -0.5% | 60.1% |
| Capex IntensityCapex / Revenue | — | 2.4% |
| Cash ConversionOCF / Net Profit | — | 3.08× |
| TTM Free Cash FlowTrailing 4 quarters | — | $616.8M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $38.6M | $108.3M | ||
| Q3 25 | $22.2M | $303.7M | ||
| Q2 25 | $31.7M | $30.4M | ||
| Q1 25 | $-3.1M | $188.3M | ||
| Q4 24 | $36.5M | $-71.7M | ||
| Q3 24 | $20.5M | $143.1M | ||
| Q2 24 | $24.4M | $113.2M |
| Q1 26 | $-1.0M | — | ||
| Q4 25 | — | $104.1M | ||
| Q3 25 | — | $300.3M | ||
| Q2 25 | — | $27.7M | ||
| Q1 25 | — | $184.7M | ||
| Q4 24 | — | $-73.8M | ||
| Q3 24 | — | $138.8M | ||
| Q2 24 | — | $111.0M |
| Q1 26 | -0.5% | — | ||
| Q4 25 | — | 60.1% | ||
| Q3 25 | — | 160.9% | ||
| Q2 25 | — | 14.1% | ||
| Q1 25 | — | 67.2% | ||
| Q4 24 | — | -40.4% | ||
| Q3 24 | — | 77.3% | ||
| Q2 24 | — | 58.8% |
| Q1 26 | — | — | ||
| Q4 25 | — | 2.4% | ||
| Q3 25 | — | 1.8% | ||
| Q2 25 | — | 1.4% | ||
| Q1 25 | — | 1.3% | ||
| Q4 24 | — | 1.1% | ||
| Q3 24 | — | 2.4% | ||
| Q2 24 | — | 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 | 49.55× | 4.27× | ||
| Q2 24 | 6.03× | 2.52× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BAND
Segment breakdown not available.
CASH
| Consumer | $103.0M | 59% |
| Payment Card And Deposit Fees | $30.1M | 17% |
| Other | $24.2M | 14% |
| Rental Income | $11.6M | 7% |
| Commercial | $4.2M | 2% |
