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Side-by-side financial comparison of PATHWARD FINANCIAL, INC. (CASH) and Purple Innovation, Inc. (PRPL). Click either name above to swap in a different company.
PATHWARD FINANCIAL, INC. is the larger business by last-quarter revenue ($173.1M vs $140.7M, roughly 1.2× Purple Innovation, Inc.). PATHWARD FINANCIAL, INC. runs the higher net margin — 20.3% vs -2.3%, a 22.6% gap on every dollar of revenue. On growth, Purple Innovation, Inc. posted the faster year-over-year revenue change (9.1% vs -0.2%). PATHWARD FINANCIAL, INC. produced more free cash flow last quarter ($104.1M vs $-7.8M). Over the past eight quarters, Purple Innovation, Inc.'s revenue compounded faster (8.3% CAGR vs -18.0%).
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.
Purple Carrot is a Needham, Massachusetts-based, and 100% plant-based meal kit company. Founded by Andy Levitt, it offers both prepared meals as well as meal kits to subscribers weekly. As stated in a 2022 article in Cosmopolitan, “each Purple Carrot meal kit results in 72% less carbon being released into the atmosphere as compared to the standard American meal.”
CASH vs PRPL — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $173.1M | $140.7M |
| Net Profit | $35.2M | $-3.2M |
| Gross Margin | — | 41.9% |
| Operating Margin | 24.6% | -1.6% |
| Net Margin | 20.3% | -2.3% |
| Revenue YoY | -0.2% | 9.1% |
| Net Profit YoY | 11.9% | 62.1% |
| EPS (diluted) | $1.57 | $0.03 |
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.
| Q4 25 | $173.1M | $140.7M | ||
| Q3 25 | $186.7M | $118.8M | ||
| Q2 25 | $195.8M | $105.1M | ||
| Q1 25 | $274.8M | $104.2M | ||
| Q4 24 | $182.6M | $129.0M | ||
| Q3 24 | $179.5M | $118.6M | ||
| Q2 24 | $188.6M | $120.3M | ||
| Q1 24 | $257.6M | $120.0M |
| Q4 25 | $35.2M | $-3.2M | ||
| Q3 25 | $38.8M | $-11.7M | ||
| Q2 25 | $42.1M | $-17.3M | ||
| Q1 25 | $75.0M | $-19.1M | ||
| Q4 24 | $30.0M | $-8.5M | ||
| Q3 24 | $33.5M | $-39.2M | ||
| Q2 24 | $44.9M | $27.0K | ||
| Q1 24 | $69.9M | $-50.2M |
| Q4 25 | — | 41.9% | ||
| Q3 25 | — | 42.8% | ||
| Q2 25 | — | 35.9% | ||
| Q1 25 | — | 39.4% | ||
| Q4 24 | — | 42.9% | ||
| Q3 24 | — | 29.7% | ||
| Q2 24 | — | 40.7% | ||
| Q1 24 | — | 34.8% |
| Q4 25 | 24.6% | -1.6% | ||
| Q3 25 | 25.9% | -10.2% | ||
| Q2 25 | 24.1% | -13.5% | ||
| Q1 25 | 33.2% | -13.9% | ||
| Q4 24 | 19.8% | -6.0% | ||
| Q3 24 | 20.9% | -39.5% | ||
| Q2 24 | 27.1% | -12.1% | ||
| Q1 24 | 33.8% | -19.3% |
| Q4 25 | 20.3% | -2.3% | ||
| Q3 25 | 20.8% | -9.9% | ||
| Q2 25 | 21.5% | -16.5% | ||
| Q1 25 | 27.3% | -18.4% | ||
| Q4 24 | 16.4% | -6.6% | ||
| Q3 24 | 18.7% | -33.1% | ||
| Q2 24 | 23.8% | 0.0% | ||
| Q1 24 | 27.1% | -41.8% |
| Q4 25 | $1.57 | $0.03 | ||
| Q3 25 | $1.69 | $0.11 | ||
| Q2 25 | $1.81 | $0.16 | ||
| Q1 25 | $3.14 | $0.18 | ||
| Q4 24 | $1.23 | $0.08 | ||
| Q3 24 | $1.34 | $0.36 | ||
| Q2 24 | $1.78 | $0.00 | ||
| Q1 24 | $2.74 | $0.47 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $331.2M | $24.3M |
| Total DebtLower is stronger | $33.5M | $126.7M |
| Stockholders' EquityBook value | $854.5M | $-29.7M |
| Total Assets | $7.6B | $296.3M |
| Debt / EquityLower = less leverage | 0.04× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $331.2M | $24.3M | ||
| Q3 25 | $120.6M | $32.4M | ||
| Q2 25 | $258.3M | $34.2M | ||
| Q1 25 | $254.2M | $21.6M | ||
| Q4 24 | $597.4M | $29.0M | ||
| Q3 24 | $158.3M | $23.4M | ||
| Q2 24 | $298.9M | $23.4M | ||
| Q1 24 | $347.9M | $34.5M |
| Q4 25 | $33.5M | $126.7M | ||
| Q3 25 | $33.5M | — | ||
| Q2 25 | $33.4M | — | ||
| Q1 25 | $33.4M | — | ||
| Q4 24 | $33.4M | $70.7M | ||
| Q3 24 | $33.4M | $50.8M | ||
| Q2 24 | $33.3M | — | ||
| Q1 24 | $33.4M | — |
| Q4 25 | $854.5M | $-29.7M | ||
| Q3 25 | $858.0M | $-26.9M | ||
| Q2 25 | $819.0M | $-15.6M | ||
| Q1 25 | $814.7M | $1.3M | ||
| Q4 24 | $758.3M | $20.2M | ||
| Q3 24 | $822.5M | $28.0M | ||
| Q2 24 | $748.4M | $66.4M | ||
| Q1 24 | $719.5M | $65.5M |
| Q4 25 | $7.6B | $296.3M | ||
| Q3 25 | $7.2B | $302.1M | ||
| Q2 25 | $7.2B | $303.8M | ||
| Q1 25 | $7.0B | $293.8M | ||
| Q4 24 | $7.6B | $307.8M | ||
| Q3 24 | $7.5B | $309.3M | ||
| Q2 24 | $7.5B | $362.1M | ||
| Q1 24 | $7.4B | $382.1M |
| Q4 25 | 0.04× | — | ||
| Q3 25 | 0.04× | — | ||
| Q2 25 | 0.04× | — | ||
| Q1 25 | 0.04× | — | ||
| Q4 24 | 0.04× | 3.50× | ||
| Q3 24 | 0.04× | 1.82× | ||
| Q2 24 | 0.04× | — | ||
| Q1 24 | 0.05× | — |
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 | $-5.8M |
| Free Cash FlowOCF − Capex | $104.1M | $-7.8M |
| FCF MarginFCF / Revenue | 60.1% | -5.5% |
| Capex IntensityCapex / Revenue | 2.4% | 1.4% |
| Cash ConversionOCF / Net Profit | 3.08× | — |
| TTM Free Cash FlowTrailing 4 quarters | $616.8M | $-41.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $108.3M | $-5.8M | ||
| Q3 25 | $303.7M | $-968.0K | ||
| Q2 25 | $30.4M | $-4.0M | ||
| Q1 25 | $188.3M | $-23.1M | ||
| Q4 24 | $-71.7M | $6.8M | ||
| Q3 24 | $143.1M | $1.1M | ||
| Q2 24 | $113.2M | $-8.9M | ||
| Q1 24 | $203.0M | $-16.8M |
| Q4 25 | $104.1M | $-7.8M | ||
| Q3 25 | $300.3M | $-1.8M | ||
| Q2 25 | $27.7M | $-7.0M | ||
| Q1 25 | $184.7M | $-25.3M | ||
| Q4 24 | $-73.8M | $5.7M | ||
| Q3 24 | $138.8M | $101.0K | ||
| Q2 24 | $111.0M | $-11.0M | ||
| Q1 24 | $201.3M | $-19.9M |
| Q4 25 | 60.1% | -5.5% | ||
| Q3 25 | 160.9% | -1.5% | ||
| Q2 25 | 14.1% | -6.6% | ||
| Q1 25 | 67.2% | -24.3% | ||
| Q4 24 | -40.4% | 4.4% | ||
| Q3 24 | 77.3% | 0.1% | ||
| Q2 24 | 58.8% | -9.2% | ||
| Q1 24 | 78.1% | -16.5% |
| Q4 25 | 2.4% | 1.4% | ||
| Q3 25 | 1.8% | 0.7% | ||
| Q2 25 | 1.4% | 2.8% | ||
| Q1 25 | 1.3% | 2.2% | ||
| Q4 24 | 1.1% | 0.8% | ||
| Q3 24 | 2.4% | 0.9% | ||
| Q2 24 | 1.2% | 1.7% | ||
| Q1 24 | 0.7% | 2.5% |
| 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× | -330.22× | ||
| Q1 24 | 2.90× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
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% |
PRPL
| Cost Of Revenues | $81.7M | 58% |
| Other | $59.0M | 42% |
