Covista Inc (CVSA) financial statements: income statement, balance sheet and cash flow
Covista Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Jun 30, 2026 · FY), Covista Inc reported revenue of $2.0B (+9.3% year on year).
Income statement
Covista Inc income statement, fiscal years
Line item
Jun 30, 2026 · FY
Jun 30, 2025 · FY
Jun 30, 2024 · FY
Jun 30, 2023 · FY
Revenue
$2.0B
$1.8B
$1.6B
$1.5B
Cost of educational services
$833.7M
$771.4M
$698.5M
$648.5M
Student services and administrative expense
$730.7M
$672.0M
$633.0M
$586.0M
Restructuring expense
$6.3M
$3.3M
$1.9M
$18.8M
Business integration expense
$0
$0
—
—
Total operating cost and expense
$1.6B
$1.4B
$1.4B
$1.3B
Operating income
$383.4M
$341.5M
$217.1M
$168.2M
Interest expense
($45.4M)
($52.3M)
($63.7M)
($63.1M)
Other income, net
$7.2M
$9.3M
$10.5M
$7.0M
Income from continuing operations before income taxes
$345.1M
$298.5M
$163.9M
$112.0M
Provision for income taxes
($77.7M)
($65.8M)
($26.2M)
($10.3M)
Income from continuing operations
$267.4M
$232.7M
$137.7M
$101.8M
(Loss) income from discontinued operations before income taxes
($21.2M)
$5.9M
($762.0K)
($8.5M)
Benefit from (provision for) income taxes
$5.4M
($1.5M)
($174.0K)
$3.6M
(Loss) income from discontinued operations
($15.8M)
$4.4M
($936.0K)
($8.4M)
Net income and comprehensive income
$251.6M
$237.1M
$136.8M
$93.4M
Continuing operations (In dollars per share)
$7.63
$6.27
$3.49
$2.27
Discontinued operations (In dollars per share)
-$0.45
$0.12
-$0.02
-$0.19
Total basic earnings per share (In dollar per share)
$7.18
$6.39
$3.47
$2.08
Continuing operations (In dollars per share)
$7.49
$6.07
$3.42
$2.23
Discontinued operations (In dollars per share)
-$0.44
$0.11
-$0.02
-$0.18
Total diluted earnings per share (In dollars per share)
$7.04
$6.18
$3.39
$2.05
Basic shares (In shares)
35.0M
37.1M
39.4M
44.8M
Diluted shares (In shares)
35.7M
38.3M
40.3M
45.6M
Covista Inc income statement, quarters
Line item
Mar 31, 2026 · Q3
Dec 31, 2025 · Q2
Sep 30, 2025 · Q1
Mar 31, 2025 · Q3
Revenue
$487.0M
$503.4M
$462.3M
$466.1M
Cost of educational services
$210.7M
$205.4M
$200.8M
$199.9M
Student services and administrative expense
$184.1M
$182.8M
$175.7M
$175.2M
Restructuring expense
$863.0K
$4.1M
$310.0K
$510.0K
Total operating cost and expense
$395.7M
$392.3M
$376.8M
$375.5M
Operating income
$91.3M
$111.1M
$85.5M
$90.5M
Interest expense
($13.6M)
($10.9M)
($11.1M)
($13.1M)
Other income, net
$232.0K
$1.7M
$2.5M
$1.9M
Income from continuing operations before income taxes
$77.9M
$101.9M
$76.9M
$79.3M
Provision for income taxes
($20.0M)
($25.7M)
($15.8M)
($18.5M)
Income from continuing operations
$58.0M
$76.2M
$61.1M
$60.8M
(Loss) income from discontinued operations before income taxes
($21.9M)
$303.0K
$747.0K
$52.0K
Benefit from (provision for) income taxes
$5.5M
($98.0K)
$23.0K
($14.0K)
(Loss) income from discontinued operations
($16.3M)
$205.0K
$770.0K
$38.0K
Net income and comprehensive income
$41.6M
$76.4M
$61.8M
$60.8M
Continuing operations (In dollars per share)
$1.69
$2.13
$1.69
$1.64
Discontinued operations (In dollars per share)
-$0.48
$0.01
$0.02
$0.00
Total basic earnings per share (In dollar per share)
$1.21
$2.14
$1.71
$1.64
Continuing operations (In dollars per share)
$1.67
$2.10
$1.65
$1.59
Discontinued operations (In dollars per share)
-$0.47
$0.01
$0.02
$0.00
Total diluted earnings per share (In dollars per share)
$1.20
$2.11
$1.67
$1.59
Basic shares (In shares)
34.3M
35.7M
36.1M
37.1M
Diluted shares (In shares)
34.8M
36.2M
37.1M
38.2M
Balance sheet
Covista Inc balance sheet, fiscal years
Line item
Jun 30, 2026 · FY
Jun 30, 2025 · FY
Jun 30, 2024 · FY
Jun 30, 2023 · FY
Cash and cash equivalents
$406.3M
$199.6M
$219.3M
$273.7M
Restricted cash
$1.4M
$1.6M
$1.9M
$1.4M
Accounts and financing receivables, net
$169.6M
$146.2M
$126.8M
$102.7M
Prepaid expenses and other current assets
$75.1M
$68.8M
$70.0M
$100.7M
Total current assets
$652.4M
$416.2M
$418.1M
$478.5M
Property and equipment, net
$302.6M
$256.1M
$248.5M
$258.5M
Operating lease assets
$204.4M
$191.2M
$176.8M
$174.7M
Intangible assets, net
$754.3M
$765.5M
$776.7M
$812.3M
Goodwill
$961.3M
$961.3M
$961.3M
$961.3M
Other assets, net
$137.7M
$129.1M
$103.2M
$68.5M
Total noncurrent assets
$2.4B
$2.3B
$2.3B
$2.3B
Total assets
$3.0B
$2.8B
$2.7B
$2.8B
Accounts payable
$124.8M
$105.0M
$102.6M
$81.8M
Accrued payroll and benefits
$78.7M
$76.4M
$71.4M
$52.0M
Accrued liabilities
$94.4M
$77.3M
$97.0M
$105.8M
Deferred revenue
$259.1M
$214.1M
$185.3M
$153.9M
Current operating lease liabilities
$34.8M
$35.2M
$31.4M
$37.7M
Current portion of long-term debt
$5.1M
—
—
—
Total current liabilities
$596.8M
$507.9M
$487.7M
$431.2M
Long-term debt
$657.8M
$552.7M
$648.7M
$695.1M
Long-term operating lease liabilities
$207.8M
$186.2M
$167.7M
$163.4M
Deferred income taxes
$61.8M
$33.0M
$49.1M
$56.7M
Other liabilities
$42.3M
$40.1M
$38.7M
$37.4M
Total noncurrent liabilities
$969.7M
$810.8M
$884.6M
$922.0M
Total liabilities
$1.6B
$1.3B
$1.4B
$1.4B
Common stock, $0.01 par value per share, 200,000 shares authorized; 34,033 and 35,952 shares outstanding as of June 30, 2026 and June 30, 2025, respectively
$848000.00
$839000.00
$832000.00
$822000.00
Additional paid-in capital
$706.9M
$664.3M
$611.9M
$568.8M
Retained earnings
$3.0B
$2.8B
$2.5B
$2.4B
Accumulated other comprehensive loss
($2.2M)
($2.2M)
($2.2M)
($2.2M)
Treasury stock, at cost, 50,717 and 47,990 shares as of June 30, 2026 and June 30, 2025, respectively
-2.3B
-2.0B
-1.8B
-1.5B
Total shareholders' equity
$1.4B
$1.4B
$1.4B
$1.5B
Total liabilities and shareholders' equity
$3.0B
$2.8B
$2.7B
$2.8B
Covista Inc balance sheet, quarters
Line item
Mar 31, 2026
Dec 31, 2025
Sep 30, 2025
Mar 31, 2025
Cash and cash equivalents
$147.0M
$56.3M
$264.7M
$219.0M
Restricted cash
$1.9M
$2.4M
$1.5M
$2.2M
Accounts and financing receivables, net
$175.9M
$162.8M
$194.8M
$163.0M
Prepaid expenses and other current assets
$79.0M
$81.5M
$106.2M
$66.2M
Total current assets
$403.8M
$303.0M
$567.2M
$450.3M
Property and equipment, net
$277.0M
$266.0M
$257.4M
$250.8M
Operating lease assets
$201.1M
$189.5M
$189.8M
$198.5M
Intangible assets, net
$757.1M
$759.9M
$762.7M
$768.3M
Goodwill
$961.3M
$961.3M
$961.3M
$961.3M
Other assets, net
$137.3M
$135.1M
$129.2M
$119.7M
Total noncurrent assets
$2.3B
$2.3B
$2.3B
$2.3B
Total assets
$2.7B
$2.6B
$2.9B
$2.8B
Accounts payable
$97.3M
$103.1M
$104.6M
$98.7M
Accrued payroll and benefits
$75.1M
$53.2M
$52.0M
$72.7M
Accrued liabilities
$92.8M
$72.3M
$62.8M
$86.5M
Deferred revenue
$276.2M
$180.4M
$322.9M
$247.8M
Current operating lease liabilities
$35.2M
$33.9M
$34.4M
$34.9M
Current portion of long-term debt
$3.8M
—
—
—
Total current liabilities
$580.4M
$442.9M
$576.6M
$540.6M
Long-term debt
$495.6M
$504.3M
$553.2M
$552.2M
Long-term operating lease liabilities
$201.6M
$191.4M
$188.4M
$193.5M
Deferred income taxes
$58.7M
$56.8M
$53.3M
$33.2M
Other liabilities
$36.9M
$40.6M
$38.4M
$37.2M
Total noncurrent liabilities
$792.9M
$793.0M
$833.2M
$816.5M
Total liabilities
$1.4B
$1.2B
$1.4B
$1.4B
Common stock, $0.01 par value per share, 200,000 shares authorized; 34,023 and 35,952 shares outstanding as of March 31, 2026 and June 30, 2025, respectively
$847000.00
$847000.00
$847000.00
$839000.00
Additional paid-in capital
$696.5M
$686.6M
$673.0M
$653.6M
Retained earnings
$3.0B
$2.9B
$2.8B
$2.7B
Accumulated other comprehensive loss
($2.2M)
($2.2M)
($2.2M)
($2.2M)
Treasury stock, at cost, 50,720 and 47,990 shares as of March 31, 2026 and June 30, 2025, respectively
-2.3B
-2.2B
-2.1B
-1.9B
Total shareholders' equity
$1.4B
$1.4B
$1.5B
$1.4B
Total liabilities and shareholders' equity
$2.7B
$2.6B
$2.9B
$2.8B
Cash flow statement
Covista Inc cash flow statement, fiscal years
Line item
Jun 30, 2026 · FY
Jun 30, 2025 · FY
Jun 30, 2024 · FY
Jun 30, 2023 · FY
Net income
$251.6M
$237.1M
$136.8M
$93.4M
Loss (income) from discontinued operations
$15.8M
($4.4M)
$936.0K
$8.4M
Income from continuing operations
$267.4M
$232.7M
$137.7M
$101.8M
Stock-based compensation
$41.2M
$41.6M
$25.9M
$14.3M
Amortization and impairments to operating lease assets
$27.9M
$32.5M
$32.6M
$48.5M
Depreciation
$43.9M
$40.7M
$39.7M
$41.6M
Amortization of acquired intangible assets
$11.2M
$11.2M
$35.6M
$61.2M
Amortization and write-off of debt discount and issuance costs
$7.6M
$6.0M
$5.7M
$9.1M
Provision for credit losses
$68.8M
—
—
—
Deferred income taxes
$68.4M
$18.4M
$11.1M
($5.1M)
Loss on disposals and impairments of property and equipment
$743.0K
$2.5M
—
—
Gain on investments
($1.7M)
($1.1M)
($1.4M)
$3.7M
Accounts and financing receivables
($89.3M)
($80.8M)
($76.4M)
($37.6M)
Prepaid expenses and other current assets
$8.4M
$5.5M
($8.8M)
$9.3M
Cloud computing implementation assets
($14.0M)
($32.8M)
($27.2M)
—
Accounts payable
$6.2M
$140.0K
$18.3M
$21.7M
Accrued payroll and benefits
$2.5M
$5.1M
$19.4M
($15.7M)
Accrued liabilities
($9.7M)
($15.9M)
$27.4M
$241.0K
Deferred revenue
$50.9M
$34.3M
$40.6M
$5.8M
Operating lease liabilities
($19.8M)
($24.8M)
($36.7M)
($59.2M)
Other assets and liabilities
$110.0K
($5.3M)
($9.7M)
($17.5M)
Net cash provided by operating activities-continuing operations
$470.8M
$333.7M
$288.4M
$205.7M
Net cash provided by operating activities-discontinued operations
($374.0K)
$4.2M
$7.4M
($2.8M)
Net cash provided by operating activities
$470.4M
$337.9M
$295.8M
$202.9M
Capital expenditures
($77.7M)
($50.3M)
($48.9M)
($37.0M)
Proceeds from sales of marketable securities
$3.3M
$3.1M
$1.7M
$7.6M
Purchases of marketable securities
($4.3M)
($2.0M)
($689.0K)
($1.5M)
Payment for investment in business
($5.0M)
—
—
—
Net cash used in investing activities
($83.7M)
($41.9M)
($47.9M)
$12.7M
Proceeds from exercise of stock options
$131.0K
$10.0M
$17.1M
$2.6M
Employee taxes paid on withholding shares
-42.4M
-14.2M
-7.7M
-4.6M
Proceeds from stock issued under Colleague Stock Purchase Plan
$1.8M
$1.3M
$810.0K
$608.0K
Repurchases of common stock for treasury
($239.9M)
($213.1M)
($262.0M)
($123.1M)
Borrowings under long-term debt obligations
$1.0B
$9.9M
$1.9M
$0
Repayments under long-term debt obligations
($895.3M)
($109.9M)
($51.9M)
($150.9M)
Payment of debt issuance and extinguishment costs
($12.0M)
—
—
—
Net cash used in financing activities
($180.1M)
($316.0M)
($301.8M)
($288.5M)
Net increase (decrease) in cash, cash equivalents and restricted cash
$206.6M
($20.0M)
($53.9M)
($72.9M)
Cash, cash equivalents and restricted cash at beginning of period
$201.2M
$221.2M
$275.1M
$347.9M
Cash, cash equivalents and restricted cash at end of period
$407.8M
$201.2M
$221.2M
$275.1M
Interest paid
$44.8M
$46.6M
$57.8M
$53.1M
Income taxes paid, net
$13.6M
$32.8M
$31.5M
$12.3M
Accrued capital expenditures
$22.6M
$9.2M
$8.7M
$8.2M
Accrued excise tax on share repurchases
$1.7M
$1.6M
$3.3M
$1.1M
Covista Inc cash flow statement, quarters
Line item
Mar 31, 2026 · YTD
Dec 31, 2025 · YTD
Sep 30, 2025 · Q1
Mar 31, 2025 · YTD
Net income
$179.8M
$138.2M
$61.8M
$182.9M
Loss (income) from discontinued operations
$15.4M
($975.0K)
($770.0K)
($4.6M)
Income from continuing operations
$195.2M
$137.2M
$61.1M
$178.2M
Stock-based compensation
$31.1M
$21.5M
$8.3M
$31.2M
Amortization and impairments to operating lease assets
$21.0M
—
—
$25.3M
Depreciation
$32.6M
$21.3M
$10.3M
$30.3M
Amortization of acquired intangible assets
$8.4M
$5.6M
$2.8M
$8.4M
Amortization and write-off of debt discount and issuance costs
$7.0M
$2.6M
$1.1M
$5.0M
Provision for bad debts
$48.9M
$31.4M
$14.9M
$46.9M
Deferred income taxes
$65.3M
$57.9M
$54.4M
$20.0M
Loss on disposals and impairments of property and equipment
$605.0K
$4.0K
$2.0K
$2.5M
Gain on investments
($561.0K)
($810.0K)
($680.0K)
($268.0K)
Accounts and financing receivables
($76.3M)
($46.7M)
($62.7M)
($80.6M)
Prepaid expenses and other current assets
($896.0K)
($3.4M)
($29.8M)
$5.7M
Cloud computing implementation assets
($10.1M)
($7.1M)
($4.8M)
($22.0M)
Accounts payable
($12.6M)
($1.5M)
$1.4M
($10.0M)
Accrued payroll and benefits
($1.1M)
($23.1M)
($24.4M)
$1.4M
Accrued liabilities
($10.2M)
($7.3M)
($12.3M)
($10.4M)
Deferred revenue
$66.3M
($30.9M)
$109.1M
$66.1M
Operating lease liabilities
($15.4M)
($8.8M)
($4.3M)
($17.8M)
Other assets and liabilities
($2.9M)
($2.1M)
($960.0K)
($6.1M)
Net cash provided by operating activities-continuing operations
$346.4M
$160.1M
$130.6M
$273.8M
Net cash provided by operating activities-discontinued operations
$45.0K
$180.0K
($80.0K)
$4.4M
Net cash provided by operating activities
$346.5M
$160.3M
$130.5M
$278.2M
Capital expenditures
($50.9M)
($30.6M)
($16.0M)
($31.3M)
Proceeds from sales of marketable securities
$2.3M
$2.1M
$100.0K
$3.1M
Purchases of marketable securities
($2.3M)
($2.1M)
($100.0K)
($2.0M)
Payment for investment in business
($5.0M)
($5.0M)
—
—
Net cash used in investing activities
($55.9M)
($35.6M)
($16.0M)
($30.3M)
Proceeds from exercise of stock options
$131.0K
$131.0K
$131.0K
$10.0M
Employee taxes paid on withholding shares
-42.1M
-42.0M
-39.1M
-12.5M
Proceeds from stock issued under Colleague Stock Purchase Plan
$1.3M
$815.0K
$411.0K
$922.0K
Repurchases of common stock for treasury
($239.9M)
($172.4M)
($7.6M)
($146.4M)
Borrowings under long-term debt obligations
$844.5M
$227.0M
—
$9.9M
Repayments under long-term debt obligations
($895.3M)
($277.0M)
—
($109.9M)
Payment of debt issuance and extinguishment costs
($11.6M)
—
—
—
Net cash used in financing activities
($342.9M)
($267.2M)
($49.5M)
($248.0M)
Net decrease in cash, cash equivalents and restricted cash
($52.3M)
($142.5M)
$65.0M
($21.0K)
Cash, cash equivalents and restricted cash at beginning of period
$201.2M
$201.2M
$201.2M
$221.2M
Cash, cash equivalents and restricted cash at end of period