---
schema_version: "secwatch.filing_event.v1"
accession: "0000907471-25-000071"
form_type: "8-K"
ticker: "CASH"
cik: "0000907471"
company_name: "PATHWARD FINANCIAL, INC."
filed_at: "2025-07-02T23:59:59+00:00"
generated_at: "2026-05-18T09:51:30.396143+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Pathward Financial restates financials for FY2023-2024 and interim periods; cites accounting errors

## Summary
- Non-reliance on FY2023, FY2024, and interim periods through March 31, 2025; errors in gross vs. net basis accounting for third-party lending.
- Affected loan portfolio $207.0M at March 31, 2025 and $218.3M at September 30, 2024; total loans net $4.39B and $4.03B.
- Change does not impact total net income over portfolio life (~14 months duration) but alters timing, lowering net income in early periods.
- Material weakness in internal controls over financial reporting identified; remediation plan to be described in Q2 2025 Form 10-Q.

## SEC filing metadata
- accession: 0000907471-25-000071
- form_type: 8-K
- ticker: CASH
- cik: 0000907471
- company_name: PATHWARD FINANCIAL, INC.
- filed_at: 2025-07-02T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 4.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/907471/000090747125000071/0000907471-25-000071-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/907471/000090747125000071/cash-20250626.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000907471-25-000071
- JSON: https://secwatch.observer/filing/0000907471-25-000071.json
- Plain text: https://secwatch.observer/filing/0000907471-25-000071.txt

## Key facts
- Auditor Changes
  PATHWARD FINANCIAL, INC. reported that prior financial statements should not be relied upon.
  - Action: non reliance
  - Auditor: Crowe LLP
  source text: On June 26, 2025, the Audit Committee (the “Audit Committee”) of the Board of Directors of Pathward Financial, Inc. (“Pathward Financial” or the “Company”), after discussion with management and the Company’s independent registered public accounting firm, Crowe LLP, concluded that the Company’s audited consolidated financial statements as of the fiscal years ended September 30, 2024 and 2023, and for each year in the three fiscal year period ended September 30, 2024 contained in its Annual Reports on Form 10-K, and its unaudited consolidated financial statements as of and for the interim periods ended December 31, 2024, 2023, 2022, and 2021, March 31, 2024, 2023, and 2022, and June 30, 2024, 2023, and 2022 contained in its Quarterly Reports on Form 10-Q (collectively, the “Affected Periods”) should no longer be relied upon because of errors identified in such financial statements
  evidence_url: https://www.sec.gov/Archives/edgar/data/907471/000090747125000071/0000907471-25-000071-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.