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Side-by-side financial comparison of PATHWARD FINANCIAL, INC. (CASH) and Freshworks Inc. (FRSH). Click either name above to swap in a different company.
PATHWARD FINANCIAL, INC. is the larger business by last-quarter revenue ($276.3M vs $222.7M, roughly 1.2× Freshworks Inc.). Freshworks Inc. runs the higher net margin — 86.0% vs 26.4%, a 59.6% gap on every dollar of revenue. Over the past eight quarters, PATHWARD FINANCIAL, INC.'s revenue compounded faster (21.0% CAGR vs 16.1%).
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.
Freshworks Inc. is a cloud-based software-as-a-service company, founded in 2010 in Chennai, India. The company provides cloud-based tools for customer relationship management (CRM), IT service management (ITSM), and e-commerce marketing.
CASH vs FRSH — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $276.3M | $222.7M |
| Net Profit | $72.9M | $191.4M |
| Gross Margin | — | 85.6% |
| Operating Margin | — | 17.8% |
| Net Margin | 26.4% | 86.0% |
| Revenue YoY | — | 14.5% |
| Net Profit YoY | — | 974.2% |
| EPS (diluted) | $3.35 | $0.66 |
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 | $173.1M | $222.7M | ||
| Q3 25 | $186.7M | $215.1M | ||
| Q2 25 | $195.8M | $204.7M | ||
| Q1 25 | $274.8M | $196.3M | ||
| Q4 24 | $182.6M | $194.6M | ||
| Q3 24 | $179.5M | $186.6M | ||
| Q2 24 | $188.6M | $174.1M |
| Q1 26 | $72.9M | — | ||
| Q4 25 | $35.2M | $191.4M | ||
| Q3 25 | $38.8M | $-4.7M | ||
| Q2 25 | $42.1M | $-1.7M | ||
| Q1 25 | $75.0M | $-1.3M | ||
| Q4 24 | $30.0M | $-21.9M | ||
| Q3 24 | $33.5M | $-30.0M | ||
| Q2 24 | $44.9M | $-20.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | 85.6% | ||
| Q3 25 | — | 84.7% | ||
| Q2 25 | — | 84.8% | ||
| Q1 25 | — | 84.8% | ||
| Q4 24 | — | 84.9% | ||
| Q3 24 | — | 84.0% | ||
| Q2 24 | — | 83.8% |
| Q1 26 | — | — | ||
| Q4 25 | 24.6% | 17.8% | ||
| Q3 25 | 25.9% | -3.5% | ||
| Q2 25 | 24.1% | -4.2% | ||
| Q1 25 | 33.2% | -5.3% | ||
| Q4 24 | 19.8% | -12.2% | ||
| Q3 24 | 20.9% | -20.8% | ||
| Q2 24 | 27.1% | -25.1% |
| Q1 26 | 26.4% | — | ||
| Q4 25 | 20.3% | 86.0% | ||
| Q3 25 | 20.8% | -2.2% | ||
| Q2 25 | 21.5% | -0.8% | ||
| Q1 25 | 27.3% | -0.7% | ||
| Q4 24 | 16.4% | -11.3% | ||
| Q3 24 | 18.7% | -16.1% | ||
| Q2 24 | 23.8% | -11.6% |
| Q1 26 | $3.35 | — | ||
| Q4 25 | $1.57 | $0.66 | ||
| Q3 25 | $1.69 | $-0.02 | ||
| Q2 25 | $1.81 | $-0.01 | ||
| Q1 25 | $3.14 | $0.00 | ||
| Q4 24 | $1.23 | $-0.07 | ||
| Q3 24 | $1.34 | $-0.10 | ||
| Q2 24 | $1.78 | $-0.07 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $157.6M | $781.4M |
| Total DebtLower is stronger | $59.5M | — |
| Stockholders' EquityBook value | $850.7M | $1.0B |
| Total Assets | $7.1B | $1.6B |
| Debt / EquityLower = less leverage | 0.07× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $157.6M | — | ||
| Q4 25 | $331.2M | $781.4M | ||
| Q3 25 | $120.6M | $813.2M | ||
| Q2 25 | $258.3M | $926.2M | ||
| Q1 25 | $254.2M | $995.3M | ||
| Q4 24 | $597.4M | $1.1B | ||
| Q3 24 | $158.3M | $1.1B | ||
| Q2 24 | $298.9M | $1.0B |
| 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 | $854.5M | $1.0B | ||
| Q3 25 | $858.0M | $851.5M | ||
| Q2 25 | $819.0M | $984.6M | ||
| Q1 25 | $814.7M | $1.1B | ||
| Q4 24 | $758.3M | $1.1B | ||
| Q3 24 | $822.5M | $1.1B | ||
| Q2 24 | $748.4M | $1.1B |
| Q1 26 | $7.1B | — | ||
| Q4 25 | $7.6B | $1.6B | ||
| Q3 25 | $7.2B | $1.4B | ||
| Q2 25 | $7.2B | $1.5B | ||
| Q1 25 | $7.0B | $1.5B | ||
| Q4 24 | $7.6B | $1.6B | ||
| Q3 24 | $7.5B | $1.6B | ||
| Q2 24 | $7.5B | $1.5B |
| 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 | — | $62.3M |
| Free Cash FlowOCF − Capex | — | $60.1M |
| FCF MarginFCF / Revenue | — | 27.0% |
| Capex IntensityCapex / Revenue | — | 1.0% |
| Cash ConversionOCF / Net Profit | — | 0.33× |
| TTM Free Cash FlowTrailing 4 quarters | — | $236.7M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $108.3M | $62.3M | ||
| Q3 25 | $303.7M | $63.5M | ||
| Q2 25 | $30.4M | $58.6M | ||
| Q1 25 | $188.3M | $58.0M | ||
| Q4 24 | $-71.7M | $41.4M | ||
| Q3 24 | $143.1M | $42.3M | ||
| Q2 24 | $113.2M | $36.3M |
| Q1 26 | — | — | ||
| Q4 25 | $104.1M | $60.1M | ||
| Q3 25 | $300.3M | $61.7M | ||
| Q2 25 | $27.7M | $58.2M | ||
| Q1 25 | $184.7M | $56.7M | ||
| Q4 24 | $-73.8M | $36.3M | ||
| Q3 24 | $138.8M | $41.3M | ||
| Q2 24 | $111.0M | $34.0M |
| Q1 26 | — | — | ||
| Q4 25 | 60.1% | 27.0% | ||
| Q3 25 | 160.9% | 28.7% | ||
| Q2 25 | 14.1% | 28.4% | ||
| Q1 25 | 67.2% | 28.9% | ||
| Q4 24 | -40.4% | 18.7% | ||
| Q3 24 | 77.3% | 22.1% | ||
| Q2 24 | 58.8% | 19.5% |
| Q1 26 | — | — | ||
| Q4 25 | 2.4% | 1.0% | ||
| Q3 25 | 1.8% | 0.8% | ||
| Q2 25 | 1.4% | 0.2% | ||
| Q1 25 | 1.3% | 0.7% | ||
| Q4 24 | 1.1% | 2.6% | ||
| Q3 24 | 2.4% | 0.6% | ||
| Q2 24 | 1.2% | 1.3% |
| Q1 26 | — | — | ||
| Q4 25 | 3.08× | 0.33× | ||
| 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
CASH
| Noninterest Income | $151.2M | 55% |
| Net Interest Income | $125.1M | 45% |
FRSH
| Subscription Services Software Licenses And Maintenance | $220.2M | 99% |
| Professional Services | $2.5M | 1% |
