USIO

MKT CAP:$33M

Usio, Inc.

Market Cap

$33M

Technology·Information Technology Services·🇺🇸 United States·NASDAQ

Technology·IT Services·🇺🇸·NASDAQ

Stock Price

$1.20-$0.18 (-13.04%)

Apr 23, 2026

Company Details

Usio, Inc., together with its subsidiaries, provides integrated electronic payment processing services to merchants and businesses in the United States. The company offers various types of automated clearing house (ACH) processing; and cred...

CEO

Louis A. Hoch

IPO Date

Feb 22, 1999

Website

www.usio.com

Key Metrics TTM

Revenue

$84M

+3.2% YoY

Net Income

-$387.8K

EPS (Diluted)

-$0.02

Free Cash Flow

$11M

Revenue / Share

$3.11

Gross Margin

23.2%

Operating Margin

-2.0%

Net Margin

-0.5%

FCF Margin

13.6%

P/S

0.4x

P/E

—

Earnings Reports

Q4 2025

May 13, 2026

PENDING

FY 2025

Mar 18, 2026

$85M+3.0%EPS -$0.09

Q3 2025

Nov 12, 2025

$21M-0.7%EPS -$0.02

Q2 2025

Aug 6, 2025

$20M-0.6%EPS -$0.01

Q1 2025

May 14, 2025

$22M+8.3%EPS -$0.01

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q4 21	$17M	$5M	-$1.4K
Q1 22	$18M	$4M	-$2M
Q2 22	$16M	$3M	-$2M
Q3 22	$16M	$3M	-$2M
Q4 22	$19M	$4M	-$90.8K
Q1 23	$21M	$5M	$6.0K
Q2 23	$21M	$5M	$230.7K
Q3 23	$21M	$5M	-$750.3K
Q4 23	$19M	$4M	-$771.7K
Q1 24	$20M	$4M	-$930.7K
Q2 24	$20M	$5M	-$208.9K
Q3 24	$21M	$5M	-$376.6K
Q4 24	$21M	$5M	-$602.8K
Q1 25	$22M	$5M	-$239.6K
Q2 25	$20M	$5M	-$397.0K
Q3 25	$21M	$5M	-$464.2K

Valuation

Quarter	P/S	P/E
Q4 21	1.5x	—
Q1 22	1.1x	—
Q2 22	0.7x	—
Q3 22	0.4x	—
Q4 22	0.5x	—
Q1 23	0.5x	—
Q2 23	0.5x	—
Q3 23	0.5x	—
Q4 23	0.6x	—
Q1 24	0.5x	—
Q2 24	0.5x	—
Q3 24	0.4x	13.4x
Q4 24	0.5x	12.1x
Q1 25	0.5x	11.9x
Q2 25	0.5x	14.1x
Q3 25	0.5x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 21	$21M	$21M
Q1 22	-$7M	-$7M
Q2 22	-$15M	-$15M
Q3 22	-$728.5K	-$959.5K
Q4 22	$6M	$6M
Q1 23	-$207.3K	-$425.0K
Q2 23	$28M	$28M
Q3 23	$14M	$14M
Q4 23	-$27M	-$27M
Q1 24	$88.7K	-$88.1K
Q2 24	$369.1K	$90.8K
Q3 24	-$5M	-$5M
Q4 24	$11M	$10M
Q1 25	$1M	$1M
Q2 25	-$263.9K	-$24.6K
Q3 25	$303.8K	$85.2K

Capital Expenditures

Quarter	CapEx
Q4 21	$273.5K
Q1 22	$72.1K
Q2 22	$339.7K
Q3 22	$230.9K
Q4 22	$169.5K
Q1 23	$217.7K
Q2 23	$170.9K
Q3 23	$198.8K
Q4 23	$247.5K
Q1 24	$176.8K
Q2 24	$278.3K
Q3 24	$243.2K
Q4 24	$293.6K
Q1 25	$313.3K
Q2 25	$239.3K
Q3 25	$218.7K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q4 21	+85.7%	+73.3%
Q1 22	+34.5%	+38.8%
Q2 22	+6.5%	+21.4%
Q3 22	+3.6%	+15.9%
Q4 22	+7.3%	+7.9%
Q1 23	+18.4%	+9.0%
Q2 23	+32.2%	+17.2%
Q3 23	+28.0%	+20.1%
Q4 23	+3.5%	+7.1%
Q1 24	-5.2%	-0.9%
Q2 24	-6.3%	-4.3%
Q3 24	+1.6%	-0.2%
Q4 24	+6.2%	+5.1%
Q1 25	+8.3%	+4.7%
Q2 25	-0.6%	+0.3%
Q3 25	-0.7%	-0.2%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 21	$501.4K	2.9%
Q1 22	$550.7K	3.0%
Q2 22	$473.7K	2.9%
Q3 22	$516.0K	3.1%
Q4 22	$531.7K	2.8%
Q1 23	$504.6K	2.4%
Q2 23	$577.9K	2.7%
Q3 23	$594.8K	2.8%
Q4 23	$545.7K	2.8%
Q1 24	$499.3K	2.5%
Q2 24	$460.1K	2.3%
Q3 24	$569.8K	2.7%
Q4 24	$564.3K	2.7%
Q1 25	$410.1K	1.9%
Q2 25	$434.3K	2.2%
Q3 25	$399.6K	1.9%

OpEx Breakdown

Quarter	G&A	S&M	SG&A
Q4 21	$12M	—	—
Q1 22	$550.7K	$4M	—
Q2 22	$4M	—	—
Q3 22	$516.0K	$4M	—
Q4 22	—	—	$4M
Q1 23	$4M	—	—
Q2 23	$4M	—	—
Q3 23	$594.8K	$4M	—
Q4 23	$17M	—	—
Q1 24	$5M	—	—
Q2 24	$4M	—	—
Q3 24	$5M	—	—
Q1 25	$5M	—	—
Q2 25	$5M	—	—
Q3 25	$5M	—	—

Revenue Segments

Quarter	ACH and Complementary Service Revenue	Credit Card Revenue	Output Solutions	Prepaid Card Services Revenue
Q4 21	$5M	$6M	$4M	$3M
Q1 22	$4M	$7M	$5M	$3M
Q2 22	$4M	$7M	$4M	$1M
Q3 22	$3M	$7M	$5M	$2M
Q4 22	$4M	$7M	$5M	$3M
Q1 23	$3M	$7M	$6M	$5M
Q2 23	$4M	$7M	$5M	$5M
Q3 23	$4M	$7M	$5M	$5M
Q4 23	$4M	$7M	$5M	$4M
Q1 24	$4M	$8M	$6M	$3M
Q2 24	$4M	$7M	$5M	$4M
Q3 24	$4M	$7M	$5M	$4M
Q4 24	$5M	$7M	$5M	$3M
Q1 25	$5M	$8M	$6M	$3M
Q2 25	$5M	$7M	$5M	$3M
Q3 25	$6M	$7M	$5M	$3M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$8M	$0	$8M
Q2 22	$5M	$0	$5M
Q3 22	$5M	$0	$5M
Q4 22	$6M	$0	$6M
Q1 23	$7M	$0	$7M
Q2 23	$7M	$0	$7M
Q3 23	$7M	$0	$7M
Q4 23	$7M	$0	$7M
Q1 24	$7M	$0	$7M
Q2 24	$7M	$0	$7M
Q3 24	$8M	$0	$8M
Q4 24	$8M	$0	$8M
Q1 25	$9M	$0	$9M
Q2 25	$8M	$0	$8M
Q3 25	$8M	$0	$8M
Q4 25	$7M	$0	$7M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q4 21	25M	0.0%	+25.0%
Q1 22	20M	-18.7%	+1.7%
Q2 22	20M	+0.2%	-18.6%
Q3 22	20M	+0.3%	-18.3%
Q4 22	21M	+0.9%	-17.6%
Q1 23	27M	+29.0%	+30.7%
Q2 23	26M	-0.4%	+30.0%
Q3 23	20M	-23.9%	-1.3%
Q4 23	27M	+31.9%	+29.0%
Q1 24	26M	-0.5%	-0.5%
Q2 24	27M	+0.6%	+0.5%
Q3 24	27M	+3.0%	+35.9%
Q4 24	27M	-0.6%	+2.5%
Q1 25	27M	-2.0%	+0.9%
Q2 25	26M	-0.6%	-0.3%
Q3 25	27M	+1.6%	-1.6%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q4 21	$161.4K	108
Q1 22	$167.7K	108
Q2 22	$150.1K	108
Q3 22	$151.8K	108
Q4 22	$159.9K	117
Q1 23	$183.3K	117
Q2 23	$183.2K	117
Q3 23	$179.3K	117
Q4 23	$153.7K	126
Q1 24	$161.3K	126
Q2 24	$159.4K	126
Q3 24	$169.2K	126
Q4 24	$192.2K	107
Q1 25	$205.7K	107
Q2 25	$186.6K	107
Q3 25	$197.9K	107

Revenue / Employee