Cass Information Systems (CASS) financial statements
Cass Information Systems reported revenue of $108M in fiscal 2025, down 1.7% a year over 9 years.
Net income was $35M.
Free cash flow was $32M, and the company returned $17M in dividends and $26M in net buybacks.
The diluted share count fell 10% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Cass Information Systems's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $126M | $135M | $148M | $109M | $99M | $109M | $122M | $106M | $110M | $108M |
| Interest expense | $2M | $2M | $4M | $5M | $2M | $1M | $3M | $16M | $20M | — |
| Pre-tax income | $32M | $35M | $36M | $37M | $30M | $34M | $43M | $34M | $23M | $39M |
| Income tax | $8M | $10M | $6M | $7M | $5M | $5M | $8M | $7M | $5M | $8M |
| Net income | $24M | $25M | $30M | $30M | $25M | $29M | $35M | $30M | $19M | $35M |
| EPS (diluted) | $1.63 | $1.68 | $2.03 | $2.07 | $1.73 | $2.00 | $2.53 | $2.18 | $1.39 | $2.61 |
| Diluted shares | 15M | 15M | 15M | 15M | 15M | 14M | 14M | 14M | 14M | 13M |
| Net margin | 19.4% | 18.5% | 20.4% | 27.8% | 25.5% | 26.3% | 28.7% | 28.3% | 17.4% | 32.5% |
Balance sheet
Fiscal years, from Cass Information Systems's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $657M | $699M | $672M | $627M | $671M | $515M | $201M | $372M | $350M | $392M |
| Property, plant and equipment | $21M | $22M | $22M | $21M | $18M | $18M | $20M | $30M | $31M | $29M |
| Goodwill | $12M | $13M | $13M | $14M | $14M | $14M | $17M | $12M | $16M | $16M |
| Total assets | $1.5B | $1.6B | $1.7B | $1.8B | $2.2B | $2.6B | $2.6B | $2.5B | $2.4B | $2.6B |
| Long-term debt | — | — | — | $18M | $0 | $0 | $0 | — | — | — |
| Total liabilities | $1.3B | $1.4B | $1.5B | $1.5B | $1.9B | $2.3B | $2.4B | $2.2B | $2.2B | $2.4B |
| Shareholders' equity | $208M | $225M | $230M | $244M | $261M | $246M | $206M | $230M | $229M | $243M |
| Net debt | -$267M | -$228M | -$231M | -$186M | -$671M | -$515M | -$201M | -$372M | -$350M | -$392M |
Cash flow
Fiscal years, from Cass Information Systems's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $35M | $39M | $48M | $42M | $48M | $35M | $52M | $37M | $39M | $37M |
| Capital spending | $5M | $4M | $4M | $3M | $2M | $4M | $6M | $12M | $9M | $6M |
| Free cash flow | $31M | $35M | $44M | $39M | $46M | $30M | $46M | $25M | $30M | $32M |
| Stock-based compensation | $2M | $2M | $3M | $3M | $2M | $3M | $7M | $4M | $3M | $4M |
| Dividends paid | $10M | $11M | $13M | $15M | $16M | $15M | $15M | $16M | $16M | $17M |
| Share buybacks (net) | -$9M | -$2M | -$9M | -$8M | -$7M | -$31M | -$5M | -$6M | -$7M | -$26M |
| Net borrowing | — | — | — | $18M | -$18M | $0 | $0 | — | — | — |
| Free cash flow margin | 24.3% | 25.7% | 29.6% | 36.0% | 46.3% | 27.8% | 37.6% | 23.6% | 27.7% | 29.4% |
| Dividends per share | $0.67 | $0.72 | $0.88 | $1.04 | $1.07 | $1.08 | $1.12 | $1.16 | $1.19 | $1.23 |
Questions
What was Cass Information Systems's revenue in 2025?
$108M in fiscal 2025, from its 10-K filing.
How much free cash flow does Cass Information Systems generate?
$32M in fiscal 2025 (operating cash flow minus capital spending).
From Cass Information Systems's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.