vs
Side-by-side financial comparison of PATHWARD FINANCIAL, INC. (CASH) and Travere Therapeutics, Inc. (TVTX). Click either name above to swap in a different company.
PATHWARD FINANCIAL, INC. is the larger business by last-quarter revenue ($173.1M vs $129.7M, roughly 1.3× Travere Therapeutics, Inc.). On growth, Travere Therapeutics, Inc. posted the faster year-over-year revenue change (73.4% vs -0.2%). Over the past eight quarters, Travere Therapeutics, Inc.'s revenue compounded faster (77.0% 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.
Travere Therapeutics, Inc. is a global biopharmaceutical firm developing and commercializing innovative therapies for patients with rare, serious, life-threatening diseases. Its key segments cover rare nephrology, hepatology and metabolic disorders, serving markets across North America, Europe and other global regions.
CASH vs TVTX — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $173.1M | $129.7M |
| Net Profit | $35.2M | — |
| Gross Margin | — | 98.0% |
| Operating Margin | 24.6% | -25.0% |
| Net Margin | 20.3% | — |
| Revenue YoY | -0.2% | 73.4% |
| Net Profit YoY | 11.9% | — |
| EPS (diluted) | $1.57 | $0.04 |
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 | $129.7M | ||
| Q3 25 | $186.7M | $164.9M | ||
| Q2 25 | $195.8M | $114.4M | ||
| Q1 25 | $274.8M | $81.7M | ||
| Q4 24 | $182.6M | $74.8M | ||
| Q3 24 | $179.5M | $62.9M | ||
| Q2 24 | $188.6M | $54.1M | ||
| Q1 24 | $257.6M | $41.4M |
| Q4 25 | $35.2M | — | ||
| Q3 25 | $38.8M | $25.7M | ||
| Q2 25 | $42.1M | $-12.8M | ||
| Q1 25 | $75.0M | $-41.2M | ||
| Q4 24 | $30.0M | — | ||
| Q3 24 | $33.5M | $-54.8M | ||
| Q2 24 | $44.9M | $-70.4M | ||
| Q1 24 | $69.9M | $-136.1M |
| Q4 25 | — | 98.0% | ||
| Q3 25 | — | 99.0% | ||
| Q2 25 | — | 98.7% | ||
| Q1 25 | — | 94.3% | ||
| Q4 24 | — | 96.6% | ||
| Q3 24 | — | 97.4% | ||
| Q2 24 | — | 96.2% | ||
| Q1 24 | — | 96.4% |
| Q4 25 | 24.6% | -25.0% | ||
| Q3 25 | 25.9% | 15.1% | ||
| Q2 25 | 24.1% | -11.1% | ||
| Q1 25 | 33.2% | -52.2% | ||
| Q4 24 | 19.8% | -81.2% | ||
| Q3 24 | 20.9% | -89.3% | ||
| Q2 24 | 27.1% | -125.1% | ||
| Q1 24 | 33.8% | -336.5% |
| Q4 25 | 20.3% | — | ||
| Q3 25 | 20.8% | 15.6% | ||
| Q2 25 | 21.5% | -11.1% | ||
| Q1 25 | 27.3% | -50.4% | ||
| Q4 24 | 16.4% | — | ||
| Q3 24 | 18.7% | -87.1% | ||
| Q2 24 | 23.8% | -130.1% | ||
| Q1 24 | 27.1% | -328.9% |
| Q4 25 | $1.57 | $0.04 | ||
| Q3 25 | $1.69 | $0.28 | ||
| Q2 25 | $1.81 | $-0.14 | ||
| Q1 25 | $3.14 | $-0.47 | ||
| Q4 24 | $1.23 | $-0.71 | ||
| Q3 24 | $1.34 | $-0.70 | ||
| Q2 24 | $1.78 | $-0.91 | ||
| Q1 24 | $2.74 | $-1.76 |
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 | $93.0M |
| Total DebtLower is stronger | $33.5M | — |
| Stockholders' EquityBook value | $854.5M | $114.8M |
| Total Assets | $7.6B | $605.2M |
| Debt / EquityLower = less leverage | 0.04× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $331.2M | $93.0M | ||
| Q3 25 | $120.6M | $110.9M | ||
| Q2 25 | $258.3M | $75.2M | ||
| Q1 25 | $254.2M | $61.9M | ||
| Q4 24 | $597.4M | $58.5M | ||
| Q3 24 | $158.3M | $36.4M | ||
| Q2 24 | $298.9M | $32.3M | ||
| Q1 24 | $347.9M | $43.3M |
| 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 24 | $33.4M | — |
| Q4 25 | $854.5M | $114.8M | ||
| Q3 25 | $858.0M | $73.6M | ||
| Q2 25 | $819.0M | $32.7M | ||
| Q1 25 | $814.7M | $32.8M | ||
| Q4 24 | $758.3M | $59.1M | ||
| Q3 24 | $822.5M | $-30.5M | ||
| Q2 24 | $748.4M | $15.1M | ||
| Q1 24 | $719.5M | $74.1M |
| Q4 25 | $7.6B | $605.2M | ||
| Q3 25 | $7.2B | $538.6M | ||
| Q2 25 | $7.2B | $555.3M | ||
| Q1 25 | $7.0B | $548.8M | ||
| Q4 24 | $7.6B | $594.1M | ||
| Q3 24 | $7.5B | $504.4M | ||
| Q2 24 | $7.5B | $551.1M | ||
| Q1 24 | $7.4B | $663.5M |
| 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× | — | ||
| 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 | $60.7M |
| Free Cash FlowOCF − Capex | $104.1M | — |
| FCF MarginFCF / Revenue | 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.
| Q4 25 | $108.3M | $60.7M | ||
| Q3 25 | $303.7M | $14.3M | ||
| Q2 25 | $30.4M | $5.0M | ||
| Q1 25 | $188.3M | $-42.2M | ||
| Q4 24 | $-71.7M | $-35.7M | ||
| Q3 24 | $143.1M | $-42.5M | ||
| Q2 24 | $113.2M | $-40.2M | ||
| Q1 24 | $203.0M | $-119.0M |
| Q4 25 | $104.1M | — | ||
| Q3 25 | $300.3M | $14.2M | ||
| Q2 25 | $27.7M | — | ||
| Q1 25 | $184.7M | — | ||
| Q4 24 | $-73.8M | — | ||
| Q3 24 | $138.8M | — | ||
| Q2 24 | $111.0M | $-40.3M | ||
| Q1 24 | $201.3M | — |
| Q4 25 | 60.1% | — | ||
| Q3 25 | 160.9% | 8.6% | ||
| Q2 25 | 14.1% | — | ||
| Q1 25 | 67.2% | — | ||
| Q4 24 | -40.4% | — | ||
| Q3 24 | 77.3% | — | ||
| Q2 24 | 58.8% | -74.5% | ||
| Q1 24 | 78.1% | — |
| Q4 25 | 2.4% | — | ||
| Q3 25 | 1.8% | 0.1% | ||
| Q2 25 | 1.4% | — | ||
| Q1 25 | 1.3% | — | ||
| Q4 24 | 1.1% | — | ||
| Q3 24 | 2.4% | 0.0% | ||
| Q2 24 | 1.2% | 0.2% | ||
| Q1 24 | 0.7% | 0.0% |
| Q4 25 | 3.08× | — | ||
| Q3 25 | 7.83× | 0.56× | ||
| Q2 25 | 0.72× | — | ||
| Q1 25 | 2.51× | — | ||
| Q4 24 | -2.39× | — | ||
| Q3 24 | 4.27× | — | ||
| Q2 24 | 2.52× | — | ||
| 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% |
TVTX
| FILSPARI | $103.3M | 80% |
| Tiopronin Products | $23.3M | 18% |
| License | $3.1M | 2% |
