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 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $85.39M | $82.93M | $82.59M | $69.43M | $61.94M | $32.25M |
| Cost of Revenue | $65.70M | $63.32M | $63.99M | $54.84M | $46.31M | $24.88M |
| Gross Profit | $19.69M | $19.61M | $18.60M | $14.59M | $15.63M | $7.38M |
| R&D | - | - | - | - | - | - |
| SG&A | $16.73M | - | - | - | - | - |
| Total Operating Expenses | $22.05M | $21.08M | $20.52M | $19.81M | $15.79M | $11.13M |
| D&A | $2.26M | $2.26M | $2.08M | $2.74M | $2.64M | $1.52M |
| Operating Income | ($2.36M) | ($1.47M) | ($1.92M) | ($5.21M) | ($155.4K) | ($3.76M) |
| Interest Expense | $52.1K | $53.8K | $5.2K | $4.1K | - | - |
| Income Tax | $512.8K | ($2.63M) | $292.5K | $280.0K | $169.9K | $118.1K |
| Net Income | ($2.51M) | $3.31M | ($475.1K) | ($5.48M) | ($321.6K) | ($2.91M) |
| EPS - Basic | ($0.09) | $0.12 | ($0.02) | ($0.27) | ($0.02) | ($0.19) |
| EPS - Diluted | ($0.09) | $0.12 | ($0.02) | ($0.27) | ($0.02) | ($0.19) |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $7.43M | $8.06M | $7.16M | $5.71M | $7.26M | $5.01M |
| Accounts Receivable | $5.27M | $5.05M | $5.56M | $4.37M | $4.98M | $2.86M |
| Inventory | $461.7K | $403.8K | $422.8K | $507.4K | $434.5K | $176.5K |
| Accounts Payable | $880.6K | $1.26M | $1.03M | $858.6K | $1.40M | $851.3K |
| Current Assets | $123.41M | $95.16M | $97.24M | $87.41M | $121.26M | $69.09M |
| Total Assets | $134.89M | $107.21M | $106.93M | $97.91M | $133.68M | $82.67M |
| Current Liabilities | $114.02M | $84.95M | $89.23M | $81.62M | $112.46M | $63.47M |
| Long-term Debt | $1.07M | $571.9K | $719.0K | $15.0K | $71.4K | - |
| Total Liabilities | $116.98M | $88.05M | $91.87M | $83.98M | $115.01M | $65.96M |
| Stockholders' Equity | $17.91M | $19.16M | $15.07M | $13.93M | $18.67M | $16.70M |
| Retained Earnings | ($70.54M) | ($68.03M) | ($71.34M) | ($70.86M) | ($65.38M) | ($65.06M) |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $1.51M | $2.90M | $14.92M | ($17.04M) | $29.78M | $6.29M |
| Investing Cash Flow | ($1.54M) | ($944.4K) | ($835.0K) | ($812.2K) | ($1.27M) | ($6.76M) |
| Financing Cash Flow | $28.72M | ($5.14M) | ($514.0K) | ($1.40M) | $887.5K | $9.98M |
| CapEx | $435.0K | $991.9K | $835.0K | $812.2K | $1.27M | $855.4K |
| Free Cash Flow | $1.08M | $1.90M | $14.08M | ($17.85M) | $28.51M | $5.44M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 23.1% | 23.7% | 22.5% | 21.0% | 25.2% | 22.9% |
| Operating margin | -2.8% | -1.8% | -2.3% | -7.5% | -0.3% | -11.6% |
| EBITDA margin | -0.1% | 1.0% | 0.2% | -3.6% | 4.0% | -6.9% |
| Net margin | -2.9% | 4.0% | -0.6% | -7.9% | -0.5% | -9.0% |
| Free cash flow margin | 1.3% | 2.3% | 17.0% | -25.7% | 46.0% | 16.9% |
| FCF / Net income | -0.43 | 0.58 | -29.64 | 3.26 | -88.65 | -1.87 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 19.6% | - | - | - | - | - |
| Effective tax rate | - | -387.3% | - | - | - | - |
| Return on assets | -1.9% | 3.1% | -0.4% | -5.6% | -0.2% | -3.5% |
| Return on equity | -14.0% | 17.3% | -3.2% | -39.4% | -1.7% | -17.4% |
| Return on invested capital | -9.8% | -7.5% | -9.6% | -29.5% | -0.7% | - |
| Liquidity | ||||||
| Current ratio | 1.08 | 1.12 | 1.09 | 1.07 | 1.08 | 1.09 |
| Quick ratio | 1.08 | 1.12 | 1.09 | 1.06 | 1.07 | 1.09 |
| Cash ratio | 0.07 | 0.09 | 0.08 | 0.07 | 0.06 | 0.08 |
| Leverage | ||||||
| Debt / Equity | 0.06 | 0.03 | 0.05 | 0.00 | 0.00 | - |
| Debt / Assets | 0.01 | 0.01 | 0.01 | 0.00 | 0.00 | - |
| Debt / EBITDA | - | 0.72 | 4.52 | - | 0.03 | - |
| Interest coverage | -45.3x | -27.3x | -369.6x | -1287.2x | - | - |
| Equity multiplier | 7.53 | 5.60 | 7.10 | 7.03 | 7.16 | 4.95 |
| Liabilities / Assets | 0.87 | 0.82 | 0.86 | 0.86 | 0.86 | 0.80 |
| Efficiency | ||||||
| Asset turnover | 0.63 | 0.77 | 0.77 | 0.71 | 0.46 | 0.39 |
| Inventory turnover | 142.31 | 156.81 | 151.35 | 108.08 | 106.57 | 140.97 |
| Days sales outstanding | 23d | 22d | 25d | 23d | 29d | 32d |
| Days inventory outstanding | 3d | 2d | 2d | 3d | 3d | 3d |
| Days payable outstanding | 5d | 7d | 6d | 6d | 11d | 12d |
| Cash conversion cycle | 20d | 17d | 21d | 21d | 22d | 23d |
| Valuation | ||||||
| P / E | - | 12.2x | - | - | - | - |
| P / B | 2.0x | 2.0x | 2.3x | 2.4x | 4.7x | 2.5x |
| P / S | 0.4x | 0.5x | 0.4x | 0.5x | 1.4x | 1.3x |
| EV / EBITDA | - | 40.0x | 177.0x | - | 32.2x | - |
| Growth | ||||||
| Revenue growth (YoY) | 3.0% | 0.4% | 19.0% | 12.1% | 92.1% | 14.4% |
| Revenue CAGR (3y) | 7.1% | 10.2% | 36.8% | 35.0% | 35.3% | 30.3% |
| Revenue CAGR (5y) | 21.5% | 24.1% | 27.0% | 36.6% | 38.7% | 17.5% |
| Gross profit growth (YoY) | 0.4% | 5.5% | 27.4% | -6.6% | 111.9% | 24.0% |
| Operating income growth (YoY) | -60.5% | 23.5% | 63.1% | -3255.9% | 95.9% | 25.8% |
| Net income growth (YoY) | - | - | 91.3% | -1604.8% | 88.9% | 43.2% |
| EPS growth (YoY) | - | - | 92.6% | -1250.0% | 89.5% | 51.3% |
| EPS CAGR (3y) | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - |
| FCF growth (YoY) | -43.4% | -86.5% | - | - | 424.2% | - |
| FCF CAGR (5y) | -27.6% | - | - | - | 110.3% | 33.1% |
| Book value growth (YoY) | -6.5% | 27.1% | 8.1% | -25.4% | 11.8% | 120.7% |
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%
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
0.25
Distress
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
3/9
Weak
- ✗Net income positive
- ✓Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- ✗Long-term debt decreased
- ✗Current ratio improved
- ✓No share dilution
- ✗Gross margin improved
- ✗Asset turnover improved
Peer comparison
Same SIC group: Functions Related To Depository Banking, NEC
Comparing Usio against the 2 most active filers in the same SIC group.