Demonstrações financeiras detalhadas de Pathward Financial, Inc. (CASH): demonstração de resultados, balanço patrimonial e fluxo de caixa. Acompanhe a evolução de margens, dívida, liquidez e rentabilidade ano a ano com até 20 anos de histórico.
Resumo da Análise
Pathward Financial, Inc. registou receitas de $685.2M no último exercício, com um CAGR de 5 anos de 7.5%. O lucro líquido atingiu $185.9M, com CAGR de 5 anos de 12.2%.
Margens dos últimos 12 meses: margem bruta 89.9%, margem operacional 26.2%, margem líquida 21.9%. O fluxo de caixa livre cresceu a CAGR de -10.0% em 5 anos.
Ao preço atual de $78.45, CASH negocia a um P/L de 9.81 e um ROE de 20.58%. A capitalização de mercado é de $1.7B.
Demonstração de Resultados (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Receita | $151.3M | $241.0M | $303.2M | $514.0M | $477.0M | $515.1M | $523.4M | $611.5M | $668.9M | $685.2M |
| Custo da Receita | $8.7M | $25.5M | $57.4M | $117.2M | $98.6M | $56.6M | $61.7M | $120.1M | $79.3M | $68.4M |
| Lucro Bruto | $142.6M | $215.6M | $245.8M | $396.8M | $378.5M | $458.5M | $461.7M | $491.3M | $589.6M | $616.9M |
| P&D | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Despesas Gerais e Administrativas | $65.0M | $92.3M | $109.0M | $155.8M | $136.2M | $151.1M | $171.1M | $184.3M | $201.5M | $200.5M |
| Despesas Operacionais | $103.7M | $160.4M | $188.4M | $298.9M | $263.5M | $302.1M | $281.4M | $336.3M | $370.9M | $393.8M |
| Lucro Operacional | $38.8M | $55.1M | $57.4M | $97.9M | $115.0M | $156.4M | $180.3M | $155.0M | $218.6M | $223.1M |
| EBITDA | $38.8M | $100.2M | $95.1M | $153.1M | $175.8M | $215.5M | $241.9M | $220.0M | $276.4M | $282.8M |
| Despesas com Juros | $4.1M | $14.9M | $28.0M | $61.5M | $33.8M | $6.9M | $4.9M | $10.9M | $21.2M | $11.6M |
| Lucro Antes de Impostos | $38.8M | $55.1M | $57.4M | $97.9M | $115.0M | $156.4M | $180.3M | $155.0M | $218.6M | $223.1M |
| Imposto | $5.6M | $10.2M | $5.1M | -$3.4M | $5.7M | $10.7M | $26.2M | $9.6M | $34.1M | $36.3M |
| Lucro Líquido | $33.2M | $44.9M | $51.6M | $97.0M | $104.7M | $141.7M | $151.1M | $143.3M | $183.2M | $185.9M |
| LPA | $1.32 | $1.62 | $1.68 | $2.49 | $2.94 | $4.38 | $5.26 | $6.01 | $7.21 | $7.91 |
| LPA Diluído | $1.31 | $1.61 | $1.67 | $2.49 | $2.94 | $4.38 | $5.26 | $5.99 | $7.20 | $7.87 |
| Ações em Circulação (Diluídas) | $25.4M | $27.9M | $30.9M | $38.9M | $35.7M | $31.8M | $29.2M | $26.9M | $25.2M | $23.5M |
Demonstração de Resultados (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Receita | $155.4M | $175.0M | $282.1M | $190.8M |
| Lucro Bruto | $160.3M | $169.9M | $230.7M | $161.3M |
| Lucro Operacional | $48.4M | $42.7M | $87.2M | $32.2M |
| EBITDA | $62.7M | $56.1M | $99.9M | $32.2M |
| Lucro Líquido | $38.8M | $35.1M | $72.8M | $29.0M |
| LPA | $1.70 | $1.57 | $3.37 | $1.38 |
| LPA Diluído | $1.69 | $1.57 | $3.35 | $1.37 |
Balanço (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caixa e Equivalentes | $773.8M | $1.27B | $100.0M | $126.5M | $427.4M | $314.0M | $388.0M | $375.6M | $158.3M | $120.6M |
| Investimentos de Curto Prazo | $910.3M | $1.11B | $1.49B | $889.9M | $814.5M | $1.86B | $1.88B | $1.80B | $1.74B | $973.0M |
| Contas a Receber | $17.2M | $19.4M | $22.0M | $20.4M | $16.6M | $282.3M | $228.7M | $206.7M | $183.6M | $187.8M |
| Estoque | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Ativos Circulantes | $1.71B | $2.42B | $1.63B | $1.05B | $1.27B | $2.47B | $2.50B | $2.39B | $2.08B | $1.28B |
| Imobilizado | $18.6M | $19.3M | $147.7M | $254.5M | $247.6M | $258.0M | $246.1M | $250.9M | $244.4M | $200.1M |
| Ágio | $36.9M | $98.7M | $303.3M | $309.5M | $309.5M | $309.5M | $309.5M | $309.5M | $309.5M | $297.9M |
| Ativos Intangíveis | $28.9M | $52.2M | $70.7M | $52.8M | $41.7M | $33.1M | $25.7M | $20.7M | $16.6M | $12.5M |
| Ativos Totais | $4.01B | $5.23B | $5.84B | $6.18B | $6.09B | $6.69B | $6.75B | $7.54B | $7.55B | $7.17B |
| Contas a Pagar | $875000 | $2.3M | $7.8M | $9.4M | $1.9M | $579000 | 0 | 0 | 0 | 0 |
| Dívida de Curto Prazo | $1.10B | $1.40B | $425.7M | $646.0M | 0 | 0 | 0 | $13.0M | $377.0M | $9.0M |
| Passivos Circulantes | $3.57B | $4.71B | $5.00B | $5.12B | $5.15B | $5.73B | $6.07B | $6.85B | $6.25B | $5.90B |
| Dívida de Longo Prazo | $90.5M | $83.7M | $87.2M | $197.3M | $87.5M | $92.8M | $36.0M | $33.9M | $33.4M | $33.5M |
| Passivos Totais | $3.67B | $4.79B | $5.09B | $5.34B | $5.24B | $5.82B | $6.10B | $6.88B | $6.71B | $6.31B |
| Reservas | $127.2M | $167.2M | $213.0M | $252.8M | $234.9M | $259.2M | $245.4M | $278.7M | $354.5M | $359.8M |
| Patrimônio Líquido | $335.0M | $434.5M | $744.2M | $839.9M | $843.7M | $870.7M | $645.2M | $651.6M | $839.9M | $858.0M |
| Dívida Total | $1.19B | $1.49B | $514.7M | $861.9M | $98.2M | $98.0M | $36.0M | $46.9M | $410.4M | $42.5M |
| Dívida Líquida | -$496.6M | -$884.5M | -$1.07B | -$154.6M | -$1.14B | -$2.08B | -$2.23B | -$2.13B | -$1.49B | -$1.05B |
| Capital de Giro | -$1.86B | -$2.29B | -$3.36B | -$4.08B | -$3.88B | -$3.25B | -$3.57B | -$4.46B | -$4.17B | -$4.61B |
Balanço (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caixa e Equivalentes | $120.6M | $331.2M | $157.6M | $149.4M |
| Ativos Totais | $7.17B | $7.56B | $7.11B | $7.31B |
| Passivos Totais | $6.31B | $6.71B | $6.26B | $6.46B |
| Patrimônio Líquido | $858.0M | $854.5M | $851.5M | $850.9M |
| Dívida Total | $42.5M | $33.5M | $59.5M | $201.0M |
Fluxo de Caixa (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Lucro Líquido | $33.2M | $44.9M | $52.3M | $101.3M | $109.3M | $145.7M | $159.4M | $165.8M | $168.4M | $186.8M |
| Depreciação e Amortização | -$22000 | $45.0M | $37.7M | $55.1M | $60.7M | $59.0M | $61.6M | $65.0M | $57.8M | $59.7M |
| Compensação em Ações | $426000 | $10.4M | $11.1M | $12.9M | $10.2M | $6.9M | $10.0M | $11.1M | $10.3M | $9.5M |
| Variação Capital de Giro | $536000 | $4.4M | -$23.9M | $11.9M | $26.6M | $43.3M | -$34.9M | $84.9M | $171.6M | -$119.6M |
| Fluxo de Caixa Operacional | $55000 | $120.0M | $137.8M | $191.0M | $467.2M | $581.6M | $268.8M | $303.1M | $453.5M | $450.6M |
| CapEx | -$7.0M | -$6.8M | -$25.4M | -$158.4M | -$65.9M | -$64.0M | -$438.9M | -$449.9M | -$276.8M | -$214.0M |
| Aquisições | -$81.0M | -$29.4M | $58.9M | 0 | $3.5M | 0 | 0 | 0 | 0 | $608.5M |
| Recompra de Ações | 0 | -$470000 | -$2.6M | -$49.9M | -$118.7M | -$99.9M | -$168.2M | -$120.4M | -$86.9M | -$163.0M |
| Dividendos Pagos | -$4.4M | -$4.8M | -$5.7M | -$7.8M | -$7.1M | -$6.4M | -$5.9M | -$5.4M | -$5.1M | -$4.7M |
| Fluxo de Caixa Livre | -$6.9M | $113.2M | $112.4M | $32.6M | $401.3M | $517.6M | -$170.1M | -$146.8M | $176.8M | $236.6M |
Fluxo de Caixa (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Fluxo de Caixa Operacional | $303.7M | $108.3M | $232.9M | $52.0M |
| CapEx | -$92.7M | -$49.6M | -$2.3M | $42.0M |
| Fluxo de Caixa Livre | $211.0M | $58.7M | $230.6M | $93.9M |
| Dividendos Pagos | -$1.1M | -$1.1M | -$1.1M | -$1.1M |
| Compensação em Ações | $2.3M | $2.9M | $3.9M | $2.6M |
Crescimento e Margens (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crescimento Receita (anual) | | +59.3% | +25.8% | +69.5% | -7.2% | +8.0% | +1.6% | +16.8% | +9.4% | +2.4% |
| Crescimento Lucro Líquido (anual) | | +35.2% | +14.9% | +87.9% | +8.0% | +35.3% | +6.7% | -5.2% | +27.9% | +1.4% |
| Crescimento LPA (anual) | | +22.7% | +3.7% | +48.2% | +18.1% | +49.0% | +20.1% | +14.3% | +20.0% | +9.7% |
| Variação de Ações (anual) | | +10.1% | +10.6% | +26.2% | -8.4% | -10.9% | -7.9% | -7.9% | -6.4% | -6.7% |
| Crescimento FCF (anual) | | +1734.9% | -0.7% | -71.0% | +1130.7% | +29.0% | -132.9% | +13.7% | +220.4% | +33.8% |
| Margem Bruta | 94.3% | 89.4% | 81.1% | 77.2% | 79.3% | 89.0% | 88.2% | 80.4% | 88.1% | 90.0% |
| Margem Operacional | 25.7% | 22.9% | 18.9% | 19.1% | 24.1% | 30.4% | 34.4% | 25.4% | 32.7% | 32.6% |
| Margem EBITDA | 25.7% | 41.6% | 31.4% | 29.8% | 36.8% | 41.8% | 46.2% | 36.0% | 41.3% | 41.3% |
| Margem Líquida | 22.0% | 18.6% | 17.0% | 18.9% | 22.0% | 27.5% | 28.9% | 23.4% | 27.4% | 27.1% |
| Margem FCF | -4.6% | 47.0% | 37.1% | 6.3% | 84.1% | 100.5% | -32.5% | -24.0% | 26.4% | 34.5% |
| Taxa Efetiva de Imposto | 14.4% | 18.6% | 8.9% | -3.4% | 4.9% | 6.8% | 14.5% | 6.2% | 15.6% | 16.3% |
Dados por Ação (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Ação | $-0.27 | $4.06 | $3.64 | $0.84 | $11.26 | $16.30 | $-5.82 | $-5.45 | $7.01 | $10.06 |
| Dividendo por Ação | $0.17 | $0.17 | $0.19 | $0.20 | $0.20 | $0.20 | $0.20 | $0.20 | $0.20 | $0.20 |
| Ações em Circulação (Básicas) | $25.2M | $27.7M | $30.7M | $38.9M | $35.7M | $31.7M | $29.2M | $26.8M | $25.2M | $23.4M |
O que olhar em empresas de Financial Services
- Efficiency Ratio (≤55%) — Despesas operacionais / receita. Bancos top abaixo de 55%.
- ROA (≥1%) — Quanto ganham por cada euro de ativos. ROE engana em bancos pela alavancagem.
- ROTCE (≥12%) — Rentabilidade sobre Capital Tangível. Exclui goodwill e intangíveis.
- Capital / Ativos (proxy Tier 1) (≥8%) — Proxy do rácio de capital. FMP não expõe Tier 1 regulatório direto.
- P/B (1,0-1,5x) — Métrica clássica bancária. <1x pode ser oportunidade ou distress.
- Dividend yield sustentável (≥2%, <8%) — Bancos UE pagam 5-7% sem stress. >8% é sinal de distress.
Rentabilidade
| Retorno sobre patrimônio | 20.58% |
| Retorno sobre capital investido | 13.23% |
| Retorno sobre ativos | 2.40% |
| Margem bruta | 89.92% |
| Margem operacional | 26.21% |
| Margem líquida | 21.88% |
Saúde financeira
| Dívida / Patrimônio | 0.24 |
| Liquidez corrente | 0.25 |
Índices Chave (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/L | 15.30 | 16.13 | 16.16 | 13.10 | 6.54 | 11.98 | 6.27 | 7.67 | 9.16 | 9.36 |
| P/VP | 1.52 | 1.67 | 1.12 | 1.51 | 0.81 | 1.91 | 1.49 | 1.90 | 1.98 | 2.02 |
| P/V | 3.37 | 3.01 | 2.75 | 2.47 | 1.44 | 3.23 | 1.84 | 2.02 | 2.48 | 2.53 |
| Margem Bruta | 94.3% | 89.4% | 81.1% | 77.2% | 79.3% | 89.0% | 88.2% | 80.4% | 88.1% | 90.0% |
| Margem Operacional | 25.7% | 22.9% | 18.9% | 19.1% | 24.1% | 30.4% | 34.4% | 25.4% | 32.7% | 32.6% |
| Margem Líquida | 22.0% | 18.6% | 17.0% | 18.9% | 22.0% | 27.5% | 28.9% | 23.4% | 27.4% | 27.1% |