Cass Information Systems (CASS) Cash Flow: Operating & Free Cash Flow

Cass Information Systems (CASS) Cash Flow Statement

In fiscal 2025 (fiscal year ended Dec 31, 2025), Cass Information Systems generated $37.44M of operating cash flow and spent $5.66M on capital expenditures. That left free cash flow of $31.77M, up 7.3% from $29.62M a year earlier, or 15.3% of revenue. It returned $42.50M to shareholders through $16.51M in dividends and $25.99M in share buybacks.

Cass Information Systems Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for Cass Information Systems, Inc. (CASS) - 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
Operating Activities
Net Income	31.11	19.17	57.95	34.90	28.60	25.18	30.40	30.27	25.01
Depreciation & Amortization	7.20	5.99	4.65	4.70	5.17	5.33	10.94	11.24	11.34
Deferred Income Tax	0.00	-1.05	-0.28	-1.16	-0.70	-0.87	1.25	-3.52	4.00
Stock Based Compensation	4.19	3.17	4.01	6.73	2.86	2.27	3.14	3.01	2.34
Change in Working Capital	3.93	7.59	-4.85	-0.29	-2.21	6.42	-2.22	13.10	0.33
Change in Accounts Receivable	-0.32	-3.34	-3.08	-2.52	-0.60	0.76	0.99	4.71	-4.66
Change in Inventory	0.00	0.00	0.00	0.00	0.00	0.00	22.40	23.34	-22.63
Change in Accounts Payable	0.00	0.00	-1.77	17.20	0.00	0.00	-22.40	-19.60	19.60
Change in Other Working Capital	4.26	10.93	-1.21	-0.88	-1.61	5.66	-3.21	4.64	8.01
Other Operating Activities	-9.00	4.08	-1.21	7.17	0.82	9.47	-1.39	-5.75	-4.13
Net Cash from Operating Activities	37.44	38.95	36.94	51.61	34.55	47.78	42.13	48.34	38.89
Investing Activities
Capital Expenditures	-5.66	-9.33	-11.94	-5.87	-4.37	-2.00	-2.72	-4.40	-4.13
Acquisitions	18.00	0.00	0.00	-4.81	0.00	0.00	-2.83	-35.34	-21.34
Purchases of Investments	-435.24	-119.74	-15.33	-236.08	-494.23	-20.04	-50.97	-82.02	-124.78
Sales/Maturities of Investments	212.93	213.32	150.82	65.05	160.73	85.73	26.15	96.64	44.16
Other Investing Activities	64.69	-80.29	-2.39	-124.67	-190.65	-107.59	-45.38	-21.67	-33.76
Net Cash from Investing Activities	-145.28	3.95	284.66	-306.39	-528.52	-43.90	-75.76	-46.80	-139.84
Financing Activities
Debt Repayment	0.00	0.00	0.00	0.00	0.00	-18.00	18.00	0.00	0.00
Common Stock Repurchased	-25.99	-7.25	-5.77	-5.30	-31.00	-6.83	-7.80	-8.84	-2.27
Dividends Paid	-16.51	-16.46	-15.96	-15.44	-15.45	-15.60	-15.23	-13.18	-10.68
Other Financing Activities	192.88	-41.93	-10.30	-38.46	384.81	503.12	11.69	23.30	75.26
Net Cash from Financing Activities	150.38	-65.64	-150.07	-59.20	338.37	462.69	6.65	1.28	62.32
Summary
Net Change in Cash	42.54	-22.74	171.53	-313.99	-155.60	466.57	-26.98	2.82	-38.63
Cash at Beginning of Period	349.73	372.47	200.94	514.93	670.53	203.95	230.93	228.11	266.74
Cash at End of Period	392.27	349.73	372.47	200.94	514.93	670.53	203.95	230.93	228.11
Free Cash Flow	31.77	29.62	25.00	45.74	30.18	45.78	39.40	43.94	34.76
Supplemental Disclosures
Interest Paid	-	20.23	15.70	3.43	1.19	-	-	-	-
Income Taxes Paid	-	5.51	9.30	8.40	5.64	-	-	-	-

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 Cash Flow

What is Cass Information Systems's free cash flow?

Cass Information Systems generated free cash flow of $31.77M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of $37.44M minus $5.66M of capital expenditures. That was up 7.3% from $29.62M a year earlier. Free cash flow equaled 15.3% of revenue.

How much does Cass Information Systems spend on capital expenditures?

Cass Information Systems spent $5.66M on capital expenditures in fiscal 2025, compared with $9.33M a year earlier. That equals 15.1% of operating cash flow.

Does Cass Information Systems pay dividends or buy back shares?

Yes. In fiscal 2025 Cass Information Systems returned $16.51M in dividends and $25.99M in share buybacks to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition