PBHC

MKT CAP:$84M

Pathfinder Bancorp, Inc.

Market Cap

$84M

Financial Services·Banks - Regional·🇺🇸 United States·NASDAQ

Financials·Banks - Regional·🇺🇸·NASDAQ

Stock Price

$13.60-$0.52 (-3.68%)

Apr 23, 2026

Company Details

Pathfinder Bancorp, Inc. operates as a holding company for Pathfinder Bank that provides various banking and financial products and services primarily in Oswego and Onondaga Counties, New York. The company accepts various deposits, includin...

CEO

James A. Dowd

IPO Date

Nov 16, 1995

Website

www.pathfinderbank.com

Key Metrics TTM

Revenue

$79M

-5.2% YoY

Net Income

-$3M

EPS (Diluted)

-$0.60

Free Cash Flow

$9M

Revenue / Share

$12.47

Gross Margin

38.5%

Operating Margin

-5.2%

Net Margin

-4.3%

FCF Margin

11.4%

P/S

1.1x

P/E

—

Earnings Reports

Q1 2026

Apr 28, 2026

PENDING

FY 2025

Jan 29, 2026

$79M-5.2%EPS -$0.54

Q4 2025

Jan 29, 2026

$20M-5.7%EPS -$1.11

Q3 2025

Nov 14, 2025

$21M-6.2%EPS $0.10

Q2 2025

Aug 14, 2025

$18M-11.7%EPS $0.01

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$12M	$11M	$4M
Q2 22	$13M	$11M	$4M
Q3 22	$14M	$11M	$4M
Q4 22	$17M	$11M	$4M
Q1 23	$16M	$11M	$3M
Q2 23	$17M	$9M	$3M
Q3 23	$19M	$10M	$3M
Q4 23	$19M	$10M	$3M
Q1 24	$20M	$10M	$3M
Q2 24	$20M	$10M	$2M
Q3 24	$23M	$4M	-$6M
Q4 24	$21M	$11M	$6M
Q1 25	$21M	$12M	$4M
Q2 25	$18M	$8M	$38.0K
Q3 25	$21M	$10M	$672.0K
Q4 25	$20M	$629.0K	-$9M

Valuation

Quarter	P/S	P/E
Q1 22	1.9x	7.2x
Q2 22	1.7x	6.4x
Q3 22	2.4x	9.2x
Q4 22	2.0x	8.8x
Q1 23	1.7x	8.3x
Q2 23	1.3x	7.6x
Q3 23	1.3x	8.4x
Q4 23	1.1x	8.7x
Q1 24	1.0x	8.4x
Q2 24	1.0x	9.1x
Q3 24	1.2x	48.1x
Q4 24	1.3x	31.6x
Q1 25	0.9x	18.4x
Q2 25	0.9x	32.1x
Q3 25	0.9x	9.7x
Q4 25	0.8x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	$4M	$3M
Q2 22	$3M	$2M
Q3 22	$5M	$5M
Q4 22	$10M	$6M
Q1 23	$6M	$6M
Q2 23	-$4M	-$5M
Q3 23	$5M	$4M
Q4 23	$8M	$8M
Q1 24	$504.0K	$274.0K
Q2 24	$2M	$637.0K
Q3 24	$12M	$5M
Q4 24	-$3M	-$3M
Q1 25	$6M	$5M
Q2 25	-$4M	-$4M
Q3 25	$7M	$8M
Q4 25	$0	$0

Capital Expenditures

Quarter	CapEx
Q1 22	$635.0K
Q2 22	$425.0K
Q3 22	$370.0K
Q4 22	$4M
Q1 23	$168.0K
Q2 23	$494.0K
Q3 23	$1M
Q4 23	$296.0K
Q1 24	$230.0K
Q2 24	$881.0K
Q3 24	$7M
Q4 24	$441.0K
Q1 25	$637.0K
Q2 25	$224.0K
Q3 25	$861.0K
Q4 25	$0

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	+0.0%	-10.1%
Q2 22	-4.2%	-8.0%
Q3 22	+10.5%	+21.2%
Q4 22	+36.4%	+75.0%
Q1 23	+32.3%	+50.4%
Q2 23	+36.7%	+71.9%
Q3 23	+29.9%	+52.9%
Q4 23	+14.9%	+25.4%
Q1 24	+22.4%	+33.1%
Q2 24	+14.8%	+17.3%
Q3 24	+21.7%	+79.6%
Q4 24	+7.0%	-7.6%
Q1 25	+2.9%	-2.4%
Q2 25	-11.7%	+0.7%
Q3 25	-6.2%	-27.6%
Q4 25	-5.7%	+87.1%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$152.0K	1.2%
Q2 22	$168.0K	1.3%
Q3 22	$167.0K	1.2%
Q4 22	$139.0K	0.8%
Q1 23	$151.0K	0.9%
Q2 23	$115.0K	0.7%
Q3 23	$108.0K	0.6%
Q4 23	$88.0K	0.5%
Q1 24	$77.0K	0.4%
Q2 24	$76.0K	0.4%
Q3 24	$94.0K	0.4%
Q4 24	$0	0.0%
Q1 25	$174.0K	0.8%
Q2 25	$286.0K	1.6%
Q3 25	$235.0K	1.1%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	G&A	S&M
Q1 22	$4M	$187.0K
Q2 22	$4M	$235.0K
Q3 22	$4M	$199.0K
Q4 22	$2M	$284.0K
Q1 23	$4M	$206.0K
Q2 23	$4M	$166.0K
Q3 23	$4M	$144.0K
Q4 23	$4M	$155.0K
Q1 24	$5M	$105.0K
Q2 24	$5M	$116.0K
Q3 24	$5M	$165.0K
Q4 24	$4M	$218.0K
Q1 25	$5M	$141.0K
Q2 25	$5M	$77.0K
Q3 25	$5M	$86.0K
Q4 25	$5M	$155.0K

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$37M	$198M	$235M
Q2 22	$38M	$203M	$241M
Q3 22	$44M	$192M	$236M
Q4 22	$35M	$192M	$227M
Q1 23	$32M	$187M	$219M
Q2 23	$37M	$186M	$223M
Q3 23	$24M	$207M	$231M
Q4 23	$49M	$259M	$307M
Q1 24	$29M	$279M	$308M
Q2 24	$32M	$275M	$307M
Q3 24	$35M	$272M	$307M
Q4 24	$32M	$269M	$301M
Q1 25	$51M	$284M	$336M
Q2 25	$31M	$301M	$332M
Q3 25	$41M	$294M	$335M
Q4 25	$12M	$277M	$288M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	5M	+0.4%	+2.1%
Q2 22	5M	+0.3%	+1.9%
Q3 22	5M	+0.3%	+1.7%
Q4 22	5M	+0.5%	+1.5%
Q1 23	5M	+0.5%	+1.6%
Q2 23	5M	+0.7%	+2.0%
Q3 23	5M	+0.7%	+2.3%
Q4 23	5M	+0.5%	+2.4%
Q1 24	5M	+0.2%	+2.0%
Q2 24	5M	+0.1%	+1.5%
Q3 24	5M	+0.1%	+0.9%
Q4 24	5M	+0.4%	+0.8%
Q1 25	5M	+0.4%	+1.0%
Q2 25	5M	+0.2%	+1.1%
Q3 25	5M	+0.2%	+1.2%
Q4 25	6M	+33.1%	+34.2%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$71.6K	173
Q2 22	$73.7K	173
Q3 22	$82.7K	173
Q4 22	$97.2K	174
Q1 23	$94.1K	174
Q2 23	$100.1K	174
Q3 23	$106.8K	174
Q4 23	$111.7K	174
Q1 24	$115.2K	174
Q2 24	$114.9K	174
Q3 24	$130.1K	174
Q4 24	$111.7K	186
Q1 25	$111.0K	186
Q2 25	$95.0K	186
Q3 25	$114.2K	186
Q4 25	$105.4K	186

Revenue / Employee