USIO · Usio, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $25.47M | - | $21.18M | $19.96M | $22.01M | - | $21.32M | $20.08M | $20.32M | - |
| Cost of Revenue | $20.33M | - | $16.31M | $14.82M | $17.20M | - | $16.43M | $15.28M | $16.12M | - |
| Gross Profit | $5.14M | - | $4.87M | $5.14M | $4.81M | - | $4.90M | $4.80M | $4.20M | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $4.36M | - | $4.50M | $4.64M | $5.05M | - | $5.27M | $5.01M | $5.14M | - |
| Total Operating Expenses | $5.05M | - | $5.27M | $5.01M | - | - | - | - | - | - |
| D&A | $225.7K | - | $432.8K | $464.6K | $495.8K | - | $583.7K | $547.8K | $576.2K | - |
| Operating Income | $225.7K | - | ($464.2K) | ($397.0K) | ($239.6K) | - | ($376.6K) | ($208.9K) | ($930.7K) | - |
| Interest Expense | $22.8K | - | $11.3K | $11.7K | $13.6K | - | $393 | $14.3K | $13.6K | - |
| Income Tax | $171.9K | - | $69.0K | $68.9K | $62.6K | - | ($3.12M) | $70.0K | $70.0K | - |
| Net Income | $122.5K | - | ($415.1K) | ($366.7K) | ($235.0K) | - | $2.85M | $75.5K | ($250.2K) | - |
| EPS - Basic | $0.00 | - | ($0.02) | ($0.01) | ($0.01) | - | $0.10 | $0.00 | ($0.01) | - |
| EPS - Diluted | $0.00 | - | ($0.02) | ($0.01) | ($0.01) | - | $0.10 | $0.00 | ($0.01) | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $7.73M | $7.43M | $7.75M | $7.51M | $8.72M | $8.06M | $8.39M | $7.50M | $7.05M | $7.16M |
| Accounts Receivable | $5.42M | $5.27M | $5.21M | $4.89M | $4.57M | $5.05M | $4.26M | $5.49M | $4.86M | $5.56M |
| Inventory | $392.9K | $461.7K | $337.7K | $380.5K | $348.5K | $403.8K | $400.0K | $407.0K | $429.6K | $422.8K |
| Accounts Payable | $1.28M | $880.6K | $840.1K | $632.7K | $715.2K | $1.26M | $579.6K | $968.2K | $896.3K | $1.03M |
| Current Assets | $107.29M | $123.41M | $88.07M | $96.82M | $97.90M | $95.16M | $102.16M | $100.06M | $89.89M | $97.24M |
| Total Assets | $120.19M | $134.89M | $99.40M | $108.35M | $109.62M | $107.21M | $114.60M | $108.83M | $99.06M | $106.93M |
| Current Liabilities | $98.27M | $114.02M | $78.07M | $86.92M | $87.73M | $84.95M | $92.54M | $90.66M | $81.21M | $89.23M |
| Long-term Debt | $988.0K | $1.07M | $594.7K | $495.4K | $533.2K | $571.9K | $562.9K | $597.2K | $630.9K | $719.0K |
| Total Liabilities | $102.05M | $116.98M | $80.71M | $89.62M | $90.63M | $88.05M | $95.67M | $93.12M | $83.79M | $91.87M |
| Stockholders' Equity | $18.14M | $17.91M | $18.69M | $18.73M | $18.99M | $19.16M | $18.93M | $15.71M | $15.27M | $15.07M |
| Retained Earnings | ($70.42M) | ($70.54M) | ($69.05M) | ($68.63M) | ($68.27M) | ($68.03M) | ($68.66M) | ($71.51M) | ($71.59M) | ($71.34M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $946.7K | - | - | - | $1.37M | - | - | - | ($2.79M) | - |
| Investing Cash Flow | ($613.6K) | - | - | - | ($313.3K) | - | - | - | ($176.8K) | - |
| Financing Cash Flow | ($17.07M) | - | - | - | $3.58M | - | - | - | ($59.3K) | - |
| CapEx | $398.1K | - | - | - | $313.3K | - | - | - | $176.8K | - |
| Free Cash Flow | $548.7K | - | - | - | $1.06M | - | - | - | ($2.97M) | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 20.2% | - | 23.0% | 25.8% | 21.9% | - | 23.0% | 23.9% | 20.7% | - |
| Operating margin | 0.9% | - | -2.2% | -2.0% | -1.1% | - | -1.8% | -1.0% | -4.6% | - |
| EBITDA margin | 1.8% | - | -0.1% | 0.3% | 1.2% | - | 1.0% | 1.7% | -1.7% | - |
| Net margin | 0.5% | - | -2.0% | -1.8% | -1.1% | - | 13.4% | 0.4% | -1.2% | - |
| Free cash flow margin | 2.2% | - | - | - | 4.8% | - | - | - | -14.6% | - |
| FCF / Net income | 4.48 | - | - | - | -4.52 | - | - | - | 11.86 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 17.1% | - | 21.3% | 23.2% | 22.9% | - | 24.7% | 24.9% | 25.3% | - |
| Effective tax rate | 58.4% | - | - | - | - | - | - | 48.1% | - | - |
| Return on assets | 0.1% | - | -0.4% | -0.3% | -0.2% | - | 2.5% | 0.1% | -0.3% | - |
| Return on equity | 0.7% | - | -2.2% | -2.0% | -1.2% | - | 15.1% | 0.5% | -1.6% | - |
| Return on invested capital | 0.6% | - | -1.9% | -1.6% | -1.0% | - | -1.5% | -0.7% | -4.6% | - |
| Liquidity | ||||||||||
| Current ratio | 1.09 | 1.08 | 1.13 | 1.11 | 1.12 | 1.12 | 1.10 | 1.10 | 1.11 | 1.09 |
| Quick ratio | 1.09 | 1.08 | 1.12 | 1.11 | 1.11 | 1.12 | 1.10 | 1.10 | 1.10 | 1.09 |
| Cash ratio | 0.08 | 0.07 | 0.10 | 0.09 | 0.10 | 0.09 | 0.09 | 0.08 | 0.09 | 0.08 |
| Leverage | ||||||||||
| Debt / Equity | 0.05 | 0.06 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.04 | 0.04 | 0.05 |
| Debt / Assets | 0.01 | 0.01 | 0.01 | 0.00 | 0.00 | 0.01 | 0.00 | 0.01 | 0.01 | 0.01 |
| Debt / EBITDA | 2.19 | - | - | 7.33 | 2.08 | - | 2.72 | 1.76 | - | - |
| Interest coverage | 9.9x | - | -41.0x | -33.8x | -17.6x | - | -958.4x | -14.7x | -68.5x | - |
| Equity multiplier | 6.62 | 7.53 | 5.32 | 5.78 | 5.77 | 5.60 | 6.05 | 6.93 | 6.49 | 7.10 |
| Liabilities / Assets | 0.85 | 0.87 | 0.81 | 0.83 | 0.83 | 0.82 | 0.83 | 0.86 | 0.85 | 0.86 |
| Efficiency | ||||||||||
| Asset turnover | 0.21 | - | 0.21 | 0.18 | 0.20 | - | 0.19 | 0.18 | 0.21 | - |
| Inventory turnover | 51.74 | - | 48.30 | 38.96 | 49.36 | - | 41.06 | 37.54 | 37.52 | - |
| Days sales outstanding | 78d | - | 90d | 89d | 76d | - | 73d | 100d | 87d | - |
| Days inventory outstanding | 7d | - | 8d | 9d | 7d | - | 9d | 10d | 10d | - |
| Days payable outstanding | 23d | - | 19d | 16d | 15d | - | 13d | 23d | 20d | - |
| Cash conversion cycle | 62d | - | 79d | 83d | 68d | - | 69d | 86d | 77d | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | 13.6x | - | - | - |
| P / B | 1.7x | - | 2.0x | 2.2x | 2.0x | - | 2.0x | 2.6x | 2.9x | - |
| P / S | 1.2x | - | 1.8x | 2.0x | 1.8x | - | 1.7x | 2.0x | 2.2x | - |
| EV / EBITDA | 55.1x | - | - | 494.9x | 119.7x | - | 141.6x | 99.4x | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 15.7% | - | -0.7% | -0.6% | 8.3% | - | 3.9% | -5.6% | -5.2% | - |
| Revenue CAGR (3y) | 5.9% | - | 8.9% | 7.2% | 6.7% | - | 10.5% | 9.6% | 14.7% | - |
| Revenue CAGR (5y) | 13.6% | - | 21.1% | 23.5% | 23.1% | - | 24.6% | 22.9% | 28.3% | - |
| Gross profit growth (YoY) | 6.8% | - | -0.5% | 7.1% | 14.4% | - | 16.7% | -4.2% | -14.2% | - |
| Operating income growth (YoY) | - | - | -23.2% | -90.0% | 74.3% | - | 68.9% | - | - | - |
| Net income growth (YoY) | - | - | - | - | 6.1% | - | - | -63.2% | - | - |
| EPS growth (YoY) | - | - | - | - | 0.0% | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | 115.4% | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | -48.3% | - | - | - | - | - | - | - | -598.4% | - |
| FCF CAGR (5y) | -44.3% | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -4.5% | -6.5% | -1.3% | 19.2% | 24.3% | 27.1% | 27.2% | 4.3% | 5.7% | 8.1% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$85.39M totalMerchant Services$64.58M · 75.6%
Output Solutions$20.82M · 24.4%
Product / service
$85.39M totalCredit Card Revenue$30.01M · 35.1%
ACHAnd Complementary Service Revenue$22.20M · 26.0%
Output Solutions$20.65M · 24.2%
Prepaid Card Services Revenue$11.00M · 12.9%
Ach And Complementary Service Interest Revenue$745.3K · 0.9%
Prepaid Card Services Interest Revenue$615.4K · 0.7%
Output Solutions Interest$170.9K · 0.2%
Peer comparison
Same SIC group: Functions Related To Depository Banking, NEC
Comparing Usio against the 2 most active filers in the same SIC group.