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Side-by-side financial comparison of PATHWARD FINANCIAL, INC. (CASH) and PEGASYSTEMS INC (PEGA). Click either name above to swap in a different company.
PEGASYSTEMS INC is the larger business by last-quarter revenue ($430.0M vs $276.3M, roughly 1.6× PATHWARD FINANCIAL, INC.). PATHWARD FINANCIAL, INC. runs the higher net margin — 26.4% vs 7.6%, a 18.8% gap on every dollar of revenue. Over the past eight quarters, PATHWARD FINANCIAL, INC.'s revenue compounded faster (21.0% CAGR vs 10.7%).
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.
Pegasystems Inc. (Pega) is a global software company based in Waltham, Massachusetts, in the United States, and founded in 1983. The company has been publicly traded since 1996 as PEGA (NASDAQ). Pega is a low-code platform for workflow automation and generative AI-powered decision-making for businesses.
CASH vs PEGA — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $276.3M | $430.0M |
| Net Profit | $72.9M | $32.8M |
| Gross Margin | — | 75.2% |
| Operating Margin | — | 8.6% |
| Net Margin | 26.4% | 7.6% |
| Revenue YoY | — | -9.6% |
| Net Profit YoY | — | — |
| EPS (diluted) | $3.35 | $0.18 |
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 | $430.0M | ||
| Q4 25 | $173.1M | $504.3M | ||
| Q3 25 | $186.7M | $381.4M | ||
| Q2 25 | $195.8M | $384.5M | ||
| Q1 25 | $274.8M | $475.6M | ||
| Q4 24 | $182.6M | $490.8M | ||
| Q3 24 | $179.5M | $325.1M | ||
| Q2 24 | $188.6M | $351.2M |
| Q1 26 | $72.9M | $32.8M | ||
| Q4 25 | $35.2M | $234.6M | ||
| Q3 25 | $38.8M | $43.4M | ||
| Q2 25 | $42.1M | $30.1M | ||
| Q1 25 | $75.0M | $85.4M | ||
| Q4 24 | $30.0M | $119.1M | ||
| Q3 24 | $33.5M | $-14.4M | ||
| Q2 24 | $44.9M | $6.6M |
| Q1 26 | — | 75.2% | ||
| Q4 25 | — | 79.5% | ||
| Q3 25 | — | 72.2% | ||
| Q2 25 | — | 71.5% | ||
| Q1 25 | — | 78.5% | ||
| Q4 24 | — | 79.1% | ||
| Q3 24 | — | 70.2% | ||
| Q2 24 | — | 72.4% |
| Q1 26 | — | 8.6% | ||
| Q4 25 | 24.6% | 20.7% | ||
| Q3 25 | 25.9% | 3.8% | ||
| Q2 25 | 24.1% | 4.5% | ||
| Q1 25 | 33.2% | 26.7% | ||
| Q4 24 | 19.8% | 29.1% | ||
| Q3 24 | 20.9% | -3.6% | ||
| Q2 24 | 27.1% | 3.7% |
| Q1 26 | 26.4% | 7.6% | ||
| Q4 25 | 20.3% | 46.5% | ||
| Q3 25 | 20.8% | 11.4% | ||
| Q2 25 | 21.5% | 7.8% | ||
| Q1 25 | 27.3% | 18.0% | ||
| Q4 24 | 16.4% | 24.3% | ||
| Q3 24 | 18.7% | -4.4% | ||
| Q2 24 | 23.8% | 1.9% |
| Q1 26 | $3.35 | $0.18 | ||
| Q4 25 | $1.57 | $0.81 | ||
| Q3 25 | $1.69 | $0.24 | ||
| Q2 25 | $1.81 | $0.17 | ||
| Q1 25 | $3.14 | $0.91 | ||
| Q4 24 | $1.23 | $1.35 | ||
| Q3 24 | $1.34 | $-0.17 | ||
| 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 | $270.0M |
| Total DebtLower is stronger | $59.5M | — |
| Stockholders' EquityBook value | $850.7M | $705.9M |
| Total Assets | $7.1B | $1.6B |
| Debt / EquityLower = less leverage | 0.07× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $157.6M | $270.0M | ||
| Q4 25 | $331.2M | $425.8M | ||
| Q3 25 | $120.6M | $351.4M | ||
| Q2 25 | $258.3M | $411.6M | ||
| Q1 25 | $254.2M | $371.7M | ||
| Q4 24 | $597.4M | $740.0M | ||
| Q3 24 | $158.3M | $703.0M | ||
| Q2 24 | $298.9M | $665.1M |
| 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 | $705.9M | ||
| Q4 25 | $854.5M | $787.4M | ||
| Q3 25 | $858.0M | $596.8M | ||
| Q2 25 | $819.0M | $624.5M | ||
| Q1 25 | $814.7M | $611.3M | ||
| Q4 24 | $758.3M | $585.5M | ||
| Q3 24 | $822.5M | $473.0M | ||
| Q2 24 | $748.4M | $435.4M |
| Q1 26 | $7.1B | $1.6B | ||
| Q4 25 | $7.6B | $1.6B | ||
| Q3 25 | $7.2B | $1.3B | ||
| Q2 25 | $7.2B | $1.3B | ||
| Q1 25 | $7.0B | $1.3B | ||
| Q4 24 | $7.6B | $1.8B | ||
| 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 | — | — |
| Free Cash FlowOCF − Capex | — | $206.5M |
| FCF MarginFCF / Revenue | — | 48.0% |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $494.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $108.3M | $158.4M | ||
| Q3 25 | $303.7M | $56.3M | ||
| Q2 25 | $30.4M | $86.3M | ||
| Q1 25 | $188.3M | $204.2M | ||
| Q4 24 | $-71.7M | $95.2M | ||
| Q3 24 | $143.1M | $30.5M | ||
| Q2 24 | $113.2M | $40.1M |
| Q1 26 | — | $206.5M | ||
| Q4 25 | $104.1M | $152.4M | ||
| Q3 25 | $300.3M | $51.8M | ||
| Q2 25 | $27.7M | $84.1M | ||
| Q1 25 | $184.7M | $202.3M | ||
| Q4 24 | $-73.8M | $92.4M | ||
| Q3 24 | $138.8M | $27.4M | ||
| Q2 24 | $111.0M | $38.8M |
| Q1 26 | — | 48.0% | ||
| Q4 25 | 60.1% | 30.2% | ||
| Q3 25 | 160.9% | 13.6% | ||
| Q2 25 | 14.1% | 21.9% | ||
| Q1 25 | 67.2% | 42.5% | ||
| Q4 24 | -40.4% | 18.8% | ||
| Q3 24 | 77.3% | 8.4% | ||
| Q2 24 | 58.8% | 11.1% |
| Q1 26 | — | — | ||
| Q4 25 | 2.4% | 1.2% | ||
| Q3 25 | 1.8% | 1.2% | ||
| Q2 25 | 1.4% | 0.6% | ||
| Q1 25 | 1.3% | 0.4% | ||
| Q4 24 | 1.1% | 0.6% | ||
| Q3 24 | 2.4% | 0.9% | ||
| Q2 24 | 1.2% | 0.4% |
| Q1 26 | — | — | ||
| Q4 25 | 3.08× | 0.68× | ||
| Q3 25 | 7.83× | 1.30× | ||
| Q2 25 | 0.72× | 2.87× | ||
| Q1 25 | 2.51× | 2.39× | ||
| Q4 24 | -2.39× | 0.80× | ||
| Q3 24 | 4.27× | — | ||
| Q2 24 | 2.52× | 6.06× |
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% |
PEGA
| Pega Cloud | $205.0M | 48% |
| Subscription license | $94.9M | 22% |
| Maintenance | $75.3M | 18% |
| Consulting | $54.8M | 13% |
