JKHYMEDIUM SIGNALFINANCIAL10-K

JKHY demonstrates solid operational performance with improved profitability and cash generation, though cash reserves declined substantially due to capital allocation activities.

The company shows healthy business momentum with net income growing 19.4% and operating cash flow expanding 12.9%, indicating strong underlying operational execution. However, the significant decline in cash reserves from $213.3M to $51.0M suggests aggressive capital deployment that warrants monitoring to ensure adequate liquidity buffers are maintained.

Comparing 2025-08-25 vs 2024-08-26View on EDGAR →
FINANCIAL ANALYSIS

JKHY delivered strong financial performance with net income and operating income both growing meaningfully, while operating cash flow expanded 12.9% to $641.5M. The company's balance sheet strengthened with stockholders' equity rising 15.7% to $2.1B and total liabilities declining 15.6%, though cash reserves dropped substantially to $51.0M. The financial picture reflects a profitable, cash-generative business that has deployed significant capital, likely through increased share repurchases and other strategic investments.

FINANCIAL STATEMENT CHANGES
Cash & Equivalents
Balance Sheet
-76.1%
$213.3M$51.0M

Cash declined 76.1% — significant cash burn or deployment; verify adequacy of remaining liquidity runway.

Share Buybacks
Cash Flow
+24.9%
$28.1M$35.1M

Share repurchases increased 24.9% — management returning capital, signals confidence in intrinsic value.

Net Income
P&L
+19.4%
$381.8M$455.7M

Net income grew 19.4% — bottom-line growth signals improving overall business health.

Operating Income
P&L
+16.2%
$489.4M$568.7M

Operating income improving — cost discipline or growing revenue base absorbing fixed costs.

Stockholders Equity
Balance Sheet
+15.7%
$1.8B$2.1B

Equity base grew 15.7% — retained earnings accumulation or equity issuance strengthening the balance sheet.

Total Liabilities
Balance Sheet
-15.6%
$1.1B$913.1M

Liabilities reduced 15.6% — deleveraging improves balance sheet strength and financial flexibility.

Current Liabilities
Balance Sheet
-15.5%
$633.8M$535.8M

Current liabilities reduced — improved short-term financial position and working capital health.

Operating Cash Flow
Cash Flow
+12.9%
$568.0M$641.5M

Operating cash flow grew 12.9% — strong conversion of earnings to cash, healthy business fundamentals.

LANGUAGE CHANGES
NEW — 2025-08-25
PRIOR — 2024-08-26
ADDED
As of August 8, 2025, the Registrant had 72,871,385 shares of Common Stock outstanding ($0.01 par value).
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 25 ITEM 7A.
For nearly 50 years, we have provided technology solutions to help banks and credit unions innovate faster, strategically differentiate, and successfully compete while serving the evolving needs of their accountholders.
Since our founding in 1976, much has changed, but our commitment to supporting community and regional banks and credit unions remains unwavering.
Who We Serve We provide products and services primarily to community and regional banks and credit unions (see "Our Industry" below): Core bank integrated data processing systems are provided to over 950 banks.
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REMOVED
As of August 15, 2024, the Registrant had 72,908,319 shares of Common Stock outstanding ($0.01 par value).
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 24 ITEM 7A.
For more than 48 years, we have provided technology solutions to help banks and credit unions innovate faster, strategically differentiate, and successfully compete while serving the evolving needs of their accountholders.
Since our founding in 1976, much has changed, but our commitment to supporting community and regional financial institutions remains unwavering.
Who We Serve We provide products and services primarily to community and regional financial institutions (see "Our Industry" below): Core bank integrated data processing systems are provided to over 940 banks.
+7 more — sign up free →
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