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Side-by-side financial comparison of PATHWARD FINANCIAL, INC. (CASH) and WORKIVA INC (WK). Click either name above to swap in a different company.
WORKIVA INC is the larger business by last-quarter revenue ($238.9M vs $173.1M, roughly 1.4× PATHWARD FINANCIAL, INC.). PATHWARD FINANCIAL, INC. runs the higher net margin — 20.3% vs 4.9%, a 15.4% gap on every dollar of revenue. On growth, WORKIVA INC posted the faster year-over-year revenue change (19.5% vs -0.2%). PATHWARD FINANCIAL, INC. produced more free cash flow last quarter ($104.1M vs $50.7M). Over the past eight quarters, WORKIVA INC's revenue compounded faster (16.6% 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.
Workiva, Inc. is a global software-as-a-service (SaaS) company. It provides a cloud-based connected and reporting compliance platform that enables the use of connected data and automation of reporting across finance, accounting, risk, and compliance.
CASH vs WK — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $173.1M | $238.9M |
| Net Profit | $35.2M | $11.8M |
| Gross Margin | — | 80.7% |
| Operating Margin | 24.6% | 3.3% |
| Net Margin | 20.3% | 4.9% |
| Revenue YoY | -0.2% | 19.5% |
| Net Profit YoY | 11.9% | 234.0% |
| EPS (diluted) | $1.57 | $0.21 |
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 | $238.9M | ||
| Q3 25 | $186.7M | $224.2M | ||
| Q2 25 | $195.8M | $215.2M | ||
| Q1 25 | $274.8M | $206.3M | ||
| Q4 24 | $182.6M | $199.9M | ||
| Q3 24 | $179.5M | $185.6M | ||
| Q2 24 | $188.6M | $177.5M | ||
| Q1 24 | $257.6M | $175.7M |
| Q4 25 | $35.2M | $11.8M | ||
| Q3 25 | $38.8M | $2.8M | ||
| Q2 25 | $42.1M | $-19.4M | ||
| Q1 25 | $75.0M | $-21.4M | ||
| Q4 24 | $30.0M | $-8.8M | ||
| Q3 24 | $33.5M | $-17.0M | ||
| Q2 24 | $44.9M | $-17.5M | ||
| Q1 24 | $69.9M | $-11.7M |
| Q4 25 | — | 80.7% | ||
| Q3 25 | — | 79.3% | ||
| Q2 25 | — | 77.0% | ||
| Q1 25 | — | 76.6% | ||
| Q4 24 | — | 77.1% | ||
| Q3 24 | — | 76.5% | ||
| Q2 24 | — | 76.8% | ||
| Q1 24 | — | 76.4% |
| Q4 25 | 24.6% | 3.3% | ||
| Q3 25 | 25.9% | -1.5% | ||
| Q2 25 | 24.1% | -10.3% | ||
| Q1 25 | 33.2% | -12.0% | ||
| Q4 24 | 19.8% | -6.7% | ||
| Q3 24 | 20.9% | -11.7% | ||
| Q2 24 | 27.1% | -13.0% | ||
| Q1 24 | 33.8% | -10.4% |
| Q4 25 | 20.3% | 4.9% | ||
| Q3 25 | 20.8% | 1.2% | ||
| Q2 25 | 21.5% | -9.0% | ||
| Q1 25 | 27.3% | -10.4% | ||
| Q4 24 | 16.4% | -4.4% | ||
| Q3 24 | 18.7% | -9.2% | ||
| Q2 24 | 23.8% | -9.9% | ||
| Q1 24 | 27.1% | -6.7% |
| Q4 25 | $1.57 | $0.21 | ||
| Q3 25 | $1.69 | $0.05 | ||
| Q2 25 | $1.81 | $-0.35 | ||
| Q1 25 | $3.14 | $-0.38 | ||
| Q4 24 | $1.23 | $-0.15 | ||
| Q3 24 | $1.34 | $-0.31 | ||
| Q2 24 | $1.78 | $-0.32 | ||
| Q1 24 | $2.74 | $-0.21 |
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 | $338.8M |
| Total DebtLower is stronger | $33.5M | — |
| Stockholders' EquityBook value | $854.5M | $-5.4M |
| Total Assets | $7.6B | $1.5B |
| Debt / EquityLower = less leverage | 0.04× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $331.2M | $338.8M | ||
| Q3 25 | $120.6M | $315.9M | ||
| Q2 25 | $258.3M | $284.3M | ||
| Q1 25 | $254.2M | $242.0M | ||
| Q4 24 | $597.4M | $301.8M | ||
| Q3 24 | $158.3M | $248.2M | ||
| Q2 24 | $298.9M | $267.9M | ||
| Q1 24 | $347.9M | $296.1M |
| 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 | $-5.4M | ||
| Q3 25 | $858.0M | $-36.9M | ||
| Q2 25 | $819.0M | $-66.5M | ||
| Q1 25 | $814.7M | $-75.7M | ||
| Q4 24 | $758.3M | $-41.7M | ||
| Q3 24 | $822.5M | $-50.8M | ||
| Q2 24 | $748.4M | $-77.7M | ||
| Q1 24 | $719.5M | $-83.2M |
| Q4 25 | $7.6B | $1.5B | ||
| Q3 25 | $7.2B | $1.4B | ||
| Q2 25 | $7.2B | $1.3B | ||
| Q1 25 | $7.0B | $1.3B | ||
| Q4 24 | $7.6B | $1.4B | ||
| Q3 24 | $7.5B | $1.3B | ||
| Q2 24 | $7.5B | $1.2B | ||
| Q1 24 | $7.4B | $1.2B |
| 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 | $51.0M |
| Free Cash FlowOCF − Capex | $104.1M | $50.7M |
| FCF MarginFCF / Revenue | 60.1% | 21.2% |
| Capex IntensityCapex / Revenue | 2.4% | 0.1% |
| Cash ConversionOCF / Net Profit | 3.08× | 4.31× |
| TTM Free Cash FlowTrailing 4 quarters | $616.8M | $138.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $108.3M | $51.0M | ||
| Q3 25 | $303.7M | $46.2M | ||
| Q2 25 | $30.4M | $50.3M | ||
| Q1 25 | $188.3M | $-7.4M | ||
| Q4 24 | $-71.7M | $44.0M | ||
| Q3 24 | $143.1M | $18.9M | ||
| Q2 24 | $113.2M | $-14.0K | ||
| Q1 24 | $203.0M | $24.8M |
| Q4 25 | $104.1M | $50.7M | ||
| Q3 25 | $300.3M | $46.1M | ||
| Q2 25 | $27.7M | $49.3M | ||
| Q1 25 | $184.7M | $-8.1M | ||
| Q4 24 | $-73.8M | $43.2M | ||
| Q3 24 | $138.8M | $18.7M | ||
| Q2 24 | $111.0M | $-122.0K | ||
| Q1 24 | $201.3M | $24.6M |
| Q4 25 | 60.1% | 21.2% | ||
| Q3 25 | 160.9% | 20.5% | ||
| Q2 25 | 14.1% | 22.9% | ||
| Q1 25 | 67.2% | -3.9% | ||
| Q4 24 | -40.4% | 21.6% | ||
| Q3 24 | 77.3% | 10.1% | ||
| Q2 24 | 58.8% | -0.1% | ||
| Q1 24 | 78.1% | 14.0% |
| Q4 25 | 2.4% | 0.1% | ||
| Q3 25 | 1.8% | 0.0% | ||
| Q2 25 | 1.4% | 0.5% | ||
| Q1 25 | 1.3% | 0.4% | ||
| Q4 24 | 1.1% | 0.4% | ||
| Q3 24 | 2.4% | 0.1% | ||
| Q2 24 | 1.2% | 0.1% | ||
| Q1 24 | 0.7% | 0.1% |
| Q4 25 | 3.08× | 4.31× | ||
| Q3 25 | 7.83× | 16.57× | ||
| 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% |
WK
| License And Service | $219.3M | 92% |
| XBRL Professional Services | $16.4M | 7% |
| Other Services | $3.2M | 1% |
