Cass Information Systems (CASS) Financial Statements & Analysis

Cass Information Systems (CASS) Income Statement

Cass Information Systems reported revenue of $207.42M in fiscal 2025 (fiscal year ended Dec 31, 2025), up 2.7% from $201.89M a year earlier. Net income was $35.12M, up 83.2% year over year, a net margin of 16.9%. Gross margin was 53.0% and operating margin -20.5%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $50.47M, up 13.6% from the same quarter a year earlier.

Cass Information Systems Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cass Information Systems, Inc. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	207.42	201.89	213.23	175.95	155.19	148.13	162.68	152.00	137.49
Cost of Revenue	110.41	109.78	26.09	107.82	92.03	24.90	14.77	12.53	10.30
Gross Profit	109.86	113.85	187.14	124.98	109.69	123.23	147.91	139.47	127.19
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	-
Selling, General & Administrative	5.84	5.47	0.00	109.36	6.45	0.00	0.00	0.00	0.00
Operating Expenses	152.34	158.19	149.67	140.93	120.20	92.89	110.44	103.13	92.30
Operating Income	-42.48	-44.34	37.47	-15.94	-10.51	30.34	37.47	36.35	34.90
Other Income/Expense
Interest Income	97.57	88.05	82.76	62.33	45.50	47.69	52.61	47.93	41.98
Interest Expense	-16.33	-20.26	0.12	3.48	-1.17	0.00	0.00	0.00	0.00
Other Income/Expense	77.71	67.74	-0.12	58.84	44.33	0.00	0.00	0.00	0.00
Income
Income Before Tax	38.76	23.45	37.36	42.90	33.82	30.34	37.47	36.35	34.90
Income Tax Expense	7.65	4.89	7.30	8.00	5.22	5.17	7.06	6.08	9.89
Net Income	35.12	19.17	30.06	34.90	28.60	25.18	30.40	30.27	25.01
Net Income - Continuous Operations	31.11	18.56	30.06	34.90	28.60	25.18	30.40	30.27	25.01
Net Income - Discontinued Operations	4.00	0.61	2.17	-	-	-	-	-	-
EBITDA	63.39	49.43	42.44	51.08	40.16	41.61	42.26	40.74	38.95
EBIT	56.19	43.70	50.73	46.38	34.99	-	-	-	-
Depreciation & Amortization	7.14	5.99	4.97	0.68	5.17	11.27	4.79	4.40	4.05
Earnings Per Share
Basic EPS	3.00	1.00	2.00	3.00	2.00	2.00	2.00	2.00	2.00
Diluted EPS	3.00	1.00	2.00	3.00	2.00	2.00	2.00	2.00	2.00
Basic Shares Outstanding	13.18	13.50	13.79	13.55	14.09	14.39	14.43	14.68	14.70
Diluted Shares Outstanding	13.46	13.78	13.82	13.81	14.33	14.57	14.69	14.91	14.92

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Cass Information Systems Financial Statements

What was Cass Information Systems's revenue in fiscal 2025?

Cass Information Systems reported revenue of $207.42M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 2.7% from $201.89M a year earlier.

Is Cass Information Systems profitable?

Yes. Cass Information Systems earned net income of $35.12M in fiscal 2025, a net margin of 16.9%. In fiscal 2024 it earned $19.17M.

What is Cass Information Systems's operating margin?

Cass Information Systems's operating income was −$42.48M on revenue of $207.42M in fiscal 2025, an operating margin of -20.5%, compared with -22.0% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition