What is Usio Inc's earnings per share (EPS)?

Usio Inc (USIO) reported diluted earnings per share of $-0.09 for fiscal year 2025. This represents a -175.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Usio Inc Financials

USIO

Source SEC Filings (10-K/10-Q) Updated Mar 18, 2026 Currency USD FYE March

This page shows Usio Inc (USIO) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 33/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Usio Inc has an operating margin of -2.8%, meaning the company retains $-3 of operating profit per $100 of revenue. This below-average margin results in a low score of 16/100, suggesting thin profitability after operating expenses. This is down from -1.8% the prior year.

Growth

Usio Inc's revenue grew a modest 3.0% year-over-year to $85.4M. This slow but positive growth earns a score of 38/100.

Leverage

100

Usio Inc carries a low D/E ratio of 0.06, meaning only $0.06 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Usio Inc's current ratio of 1.08 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 17/100, which could limit financial flexibility.

Cash Flow

Usio Inc's free cash flow margin of 1.3% results in a low score of 28/100. Capital expenditures of $435K absorb a large share of operating cash flow.

Returns

Usio Inc generates a -14.0% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is down from 17.3% the prior year.

Piotroski F-Score Weak

2/9

Usio Inc passes 2 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.

Earnings Quality Mixed

-0.60x

For every $1 of reported earnings, Usio Inc generates $-0.60 in operating cash flow ($1.5M OCF vs -$2.5M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Interest Coverage At Risk

-45.3x

Usio Inc earns $-45.3 in operating income for every $1 of interest expense (-$2.4M vs $52K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue

$85.4M

YoY+3.0%

5Y CAGR+21.5%

10Y CAGR+19.5%

Usio Inc generated $85.4M in revenue in fiscal year 2025. This represents an increase of 3.0% from the prior year.

EBITDA

-$413K

YoY-152.1%

Usio Inc's EBITDA was -$413K in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 152.1% from the prior year.

Net Income

-$2.5M

YoY-176.0%

Usio Inc reported -$2.5M in net income in fiscal year 2025. This represents a decrease of 176.0% from the prior year.

EPS (Diluted)

$-0.09

YoY-175.0%

Usio Inc earned $-0.09 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 175.0% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$1.1M

YoY-43.4%

5Y CAGR-27.6%

10Y CAGR-1.9%

Usio Inc generated $1.1M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 43.4% from the prior year.

Cash & Debt

$7.4M

YoY-7.7%

5Y CAGR+0.5%

10Y CAGR+6.2%

Usio Inc held $7.4M in cash against $1.1M in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

28M

YoY+4.3%

5Y CAGR+2.1%

10Y CAGR+8.7%

Usio Inc had 28M shares outstanding in fiscal year 2025. This represents an increase of 4.3% from the prior year.

Margins & Returns

Gross Margin

23.1%

YoY-0.6pp

5Y CAGR+0.2pp

Usio Inc's gross margin was 23.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 0.6 percentage points from the prior year.

Operating Margin

-2.8%

YoY-1.0pp

5Y CAGR+8.9pp

10Y CAGR-9.3pp

Usio Inc's operating margin was -2.8% in fiscal year 2025, reflecting core business profitability. This is down 1.0 percentage points from the prior year.

Net Margin

-2.9%

YoY-6.9pp

5Y CAGR+6.1pp

10Y CAGR-10.0pp

Usio Inc's net profit margin was -2.9% in fiscal year 2025, showing the share of revenue converted to profit. This is down 6.9 percentage points from the prior year.

Return on Equity

-14.0%

YoY-31.3pp

5Y CAGR+3.4pp

10Y CAGR-25.2pp

Usio Inc's ROE was -14.0% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 31.3 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

$1.1M

YoY-24.3%

5Y CAGR+30.6%

10Y CAGR+36.3%

Usio Inc spent $1.1M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 24.3% from the prior year.

Capital Expenditures

$435K

YoY-56.1%

5Y CAGR-12.6%

10Y CAGR-5.7%

Usio Inc invested $435K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 56.1% from the prior year.

USIO Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$85.4M+3.0%	$82.9M-1.3%	$84.1M+21.1%	$69.4M+12.1%	$61.9M+92.1%	$32.3M
Cost of Revenue	$65.7M+3.8%	$63.3M-1.1%	$64.0M+16.7%	$54.8M+18.4%	$46.3M+86.2%	$24.9M
Gross Profit	$19.7M+0.4%	$19.6M-2.3%	$20.1M+37.6%	$14.6M-6.6%	$15.6M+111.9%	$7.4M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$18.4M	N/A	N/A	N/A	N/A	N/A
Operating Income	-$2.4M-60.5%	-$1.5M-228.7%	-$447K+91.4%	-$5.2M-3255.9%	-$155K+95.9%	-$3.8M
Interest Expense	$52K-3.2%	$54K+934.3%	$5K+28.4%	$4K-6.1%	$4K+378.3%	$902
Income Tax	$513K+119.5%	-$2.6M-998.1%	$293K+31.5%	$223K+31.0%	$170K+635.0%	$23K
Net Income	-$2.5M-176.0%	$3.3M+795.7%	-$475K+91.3%	-$5.5M-1604.8%	-$322K+88.9%	-$2.9M
EPS (Diluted)	$-0.09-175.0%	$0.12+700.0%	$-0.02+92.6%	$-0.27-1250.0%	$-0.02+89.5%	$-0.19

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Revenue	$21.2M+6.1%	$20.0M-9.3%	$22.0M+7.0%	$20.6M-3.6%	$21.3M+6.2%	$20.1M-4.2%	$21.0M+3.8%	$20.2M
Cost of Revenue	$16.3M+10.0%	$14.8M-13.8%	$17.2M+11.0%	$15.5M-5.7%	$16.4M+7.5%	$15.3M-5.2%	$16.1M+8.4%	$14.9M
Gross Profit	$4.9M-5.3%	$5.1M+6.9%	$4.8M-5.0%	$5.1M+3.4%	$4.9M+2.0%	$4.8M-1.1%	$4.9M-8.9%	$5.3M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$4.5M-2.9%	$4.6M-8.1%	$5.0M	N/A	$4.1M+3.0%	$4.0M-22.1%	$5.1M	N/A
Operating Income	-$464K-16.9%	-$397K-65.7%	-$240K+60.3%	-$603K-60.0%	-$377K-80.3%	-$209K+25.9%	-$282K-525.7%	$66K
Interest Expense	$11K-3.5%	$12K-0.9%	$12K-3.5%	$12K-10.5%	$14K-3.9%	$14K+4.9%	$14K+275.9%	$4K
Income Tax	$69K+0.3%	$69K+10.1%	$63K-82.1%	$349K+111.2%	-$3.1M-4551.5%	$70K0.0%	$70K0.0%	$70K
Net Income	-$415K-13.2%	-$367K-56.0%	-$235K-137.4%	$629K-77.9%	$2.9M+3676.9%	$75K+130.2%	-$250K-1064.7%	$26K
EPS (Diluted)	$-0.02-100.0%	$-0.010.0%	$-0.01	N/A	$0.10	$0.00+100.0%	$-0.01	N/A

USIO Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$134.9M+25.8%	$107.2M+0.3%	$106.9M+9.2%	$97.9M-26.8%	$133.7M+61.7%	$82.7M
Current Assets	$123.4M+29.7%	$95.2M-2.1%	$97.2M+11.2%	$87.4M-27.9%	$121.3M+75.5%	$69.1M
Cash & Equivalents	$7.4M-7.7%	$8.1M+12.6%	$7.2M+25.3%	$5.7M-21.3%	$7.3M0.0%	$7.3M
Inventory	$462K+14.3%	$404K-4.5%	$423K-16.7%	$507K+16.8%	$435K+146.2%	$176K
Accounts Receivable	$5.3M+4.4%	$5.1M-9.2%	$5.6M+27.3%	$4.4M-12.2%	$5.0M+73.9%	$2.9M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$117.0M+32.9%	$88.1M-4.2%	$91.9M+9.4%	$84.0M-27.0%	$115.0M+74.4%	$66.0M
Current Liabilities	$114.0M+34.2%	$84.9M-4.8%	$89.2M+9.3%	$81.6M-27.4%	$112.5M+77.2%	$63.5M
Long-Term Debt	$1.1M+87.9%	$572K-20.5%	$719K+4695.1%	$15K-79.0%	$71K	$0
Total Equity	$17.9M-6.5%	$19.2M+27.1%	$15.1M+8.1%	$13.9M-25.4%	$18.7M+11.8%	$16.7M
Retained Earnings	-$70.5M-3.7%	-$68.0M+4.6%	-$71.3M-0.7%	-$70.9M-8.4%	-$65.4M-0.5%	-$65.1M

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Total Assets	$99.4M-8.3%	$108.4M-1.2%	$109.6M+2.2%	$107.2M-6.5%	$114.6M+5.3%	$108.8M+9.9%	$99.1M-7.4%	$106.9M
Current Assets	$88.1M-9.0%	$96.8M-1.1%	$97.9M+2.9%	$95.2M-6.9%	$102.2M+2.1%	$100.1M+11.3%	$89.9M-7.6%	$97.2M
Cash & Equivalents	$7.7M-3.9%	$8.1M-7.6%	$8.7M+8.2%	$8.1M-4.0%	$8.4M+17.3%	$7.2M+1.4%	$7.1M-1.4%	$7.2M
Inventory	$338K-11.2%	$380K+9.2%	$348K-13.7%	$404K+0.9%	$400K-1.7%	$407K-5.3%	$430K+1.6%	$423K
Accounts Receivable	$5.2M+6.5%	$4.9M+7.0%	$4.6M-9.6%	$5.1M+18.7%	$4.3M-22.5%	$5.5M+13.0%	$4.9M-12.6%	$5.6M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$80.7M-9.9%	$89.6M-1.1%	$90.6M+2.9%	$88.1M-8.0%	$95.7M+2.7%	$93.1M+11.1%	$83.8M-8.8%	$91.9M
Current Liabilities	$78.1M-10.2%	$86.9M-0.9%	$87.7M+3.3%	$84.9M-8.2%	$92.5M+2.1%	$90.7M+11.6%	$81.2M-9.0%	$89.2M
Long-Term Debt	$595K+20.0%	$495K-7.1%	$533K-6.8%	$572K+1.6%	$563K-5.7%	$597K-5.3%	$631K-12.2%	$719K
Total Equity	$18.7M-0.2%	$18.7M-1.4%	$19.0M-0.9%	$19.2M+1.2%	$18.9M+20.5%	$15.7M+2.9%	$15.3M+1.4%	$15.1M
Retained Earnings	-$69.0M-0.6%	-$68.6M-0.5%	-$68.3M-0.3%	-$68.0M+0.9%	-$68.7M+4.0%	-$71.5M+0.1%	-$71.6M-0.4%	-$71.3M

USIO Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$1.5M-47.7%	$2.9M-17.4%	$3.5M+120.6%	-$17.0M-157.2%	$29.8M+373.2%	$6.3M
Capital Expenditures	$435K-56.1%	$992K+18.8%	$835K+2.8%	$812K-36.2%	$1.3M+48.8%	$855K
Free Cash Flow	$1.1M-43.4%	$1.9M-28.7%	$2.7M+115.0%	-$17.8M-162.6%	$28.5M+424.2%	$5.4M
Investing Cash Flow	-$1.5M-62.8%	-$944K-13.1%	-$835K-2.8%	-$812K+36.2%	-$1.3M+81.2%	-$6.8M
Financing Cash Flow	$28.7M+658.4%	-$5.1M-184.9%	$6.1M+532.8%	-$1.4M-257.7%	$887K-91.1%	$10.0M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$1.1M-24.3%	$1.4M+208.2%	$457K-66.0%	$1.3M+463.2%	$239K-14.8%	$280K

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Operating Cash Flow	$304K+215.1%	-$264K-119.2%	$1.4M+36.7%	$1.0M-29.9%	$1.4M+288.3%	$369K+316.3%	$89K+100.2%	-$38.0M
Capital Expenditures	$219K+191.4%	-$239K-176.4%	$313K-64.0%	$869K+1169.4%	$68K+155.8%	-$123K-169.5%	$177K-28.6%	$248K
Free Cash Flow	$85K+116.9%	-$503K-147.4%	$1.1M+682.0%	$136K-90.1%	$1.4M+454.2%	$246K+379.6%	-$88K+99.8%	-$38.2M
Investing Cash Flow	-$392K+9.7%	-$434K-38.5%	-$313K-27.3%	-$246K-1.2%	-$243K+12.6%	-$278K-57.5%	-$177K+28.6%	-$248K
Financing Cash Flow	-$9.0M-706.2%	-$1.1M-131.1%	$3.6M+136.3%	-$9.9M-549.1%	$2.2M-76.5%	$9.3M+237.1%	-$6.8M-210.4%	$6.2M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$58K-83.9%	$357K+1.4%	$352K-65.3%	$1.0M+315.9%	$244K+132.5%	$105K+134.1%	$45K-88.4%	$388K

USIO Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	23.1%-0.6pp	23.6%-0.2pp	23.9%+2.9pp	21.0%-4.2pp	25.2%+2.4pp	22.9%
Operating Margin	-2.8%-1.0pp	-1.8%-1.2pp	-0.5%+7.0pp	-7.5%-7.3pp	-0.3%+11.4pp	-11.7%
Net Margin	-2.9%-6.9pp	4.0%+4.6pp	-0.6%+7.3pp	-7.9%-7.4pp	-0.5%+8.5pp	-9.0%
Return on Equity	-14.0%-31.3pp	17.3%+20.4pp	-3.1%+36.2pp	-39.4%-37.6pp	-1.7%+15.7pp	-17.4%
Return on Assets	-1.9%-4.9pp	3.1%+3.5pp	-0.4%+5.2pp	-5.6%-5.4pp	-0.2%+3.3pp	-3.5%
Current Ratio	1.08-0.0	1.12+0.0	1.09+0.0	1.070.0	1.08-0.0	1.09
Debt-to-Equity	0.06+0.0	0.03-0.0	0.05+0.0	0.000.0	0.000.0	0.00
FCF Margin	1.3%-1.0pp	2.3%-0.9pp	3.2%+28.9pp	-25.7%-71.7pp	46.0%+29.2pp	16.9%

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Gross Margin	23.0%-2.8pp	25.8%+3.9pp	21.9%-2.8pp	24.6%+1.7pp	23.0%-0.9pp	23.9%+0.7pp	23.2%-3.2pp	26.4%
Operating Margin	-2.2%-0.2pp	-2.0%-0.9pp	-1.1%+1.8pp	-2.9%-1.2pp	-1.8%-0.7pp	-1.0%+0.3pp	-1.3%-1.7pp	0.3%
Net Margin	-2.0%-0.1pp	-1.8%-0.8pp	-1.1%-4.1pp	3.1%-10.3pp	13.4%+13.0pp	0.4%+1.6pp	-1.2%-1.3pp	0.1%
Return on Equity	-2.2%-0.3pp	-2.0%-0.7pp	-1.2%-4.5pp	3.3%-11.8pp	15.1%+14.6pp	0.5%+2.1pp	-1.6%-1.8pp	0.2%
Return on Assets	-0.4%-0.1pp	-0.3%-0.1pp	-0.2%-0.8pp	0.6%-1.9pp	2.5%+2.4pp	0.1%+0.3pp	-0.3%-0.3pp	0.0%
Current Ratio	1.13+0.0	1.110.0	1.120.0	1.12+0.0	1.100.0	1.100.0	1.11+0.0	1.09
Debt-to-Equity	0.030.0	0.030.0	0.030.0	0.030.0	0.030.0	0.040.0	0.040.0	0.05
FCF Margin	0.4%+2.9pp	-2.5%-7.3pp	4.8%+4.2pp	0.7%-5.7pp	6.4%+5.2pp	1.2%+1.7pp	-0.4%+188.9pp	-189.3%

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Frequently Asked Questions

What is Usio Inc's annual revenue?

Usio Inc (USIO) reported $85.4M in total revenue for fiscal year 2025. This represents a 3.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Usio Inc's revenue growing?

Usio Inc (USIO) revenue grew by 3% year-over-year, from $82.9M to $85.4M in fiscal year 2025.

Is Usio Inc profitable?

No, Usio Inc (USIO) reported a net income of -$2.5M in fiscal year 2025, with a net profit margin of -2.9%.

What is Usio Inc's EBITDA?

Usio Inc (USIO) had EBITDA of -$413K in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Usio Inc have?

As of fiscal year 2025, Usio Inc (USIO) had $7.4M in cash and equivalents against $1.1M in long-term debt.

What is Usio Inc's gross margin?

Usio Inc (USIO) had a gross margin of 23.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Usio Inc's operating margin?

Usio Inc (USIO) had an operating margin of -2.8% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Usio Inc's net profit margin?

Usio Inc (USIO) had a net profit margin of -2.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Usio Inc's return on equity (ROE)?

Usio Inc (USIO) has a return on equity of -14.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Usio Inc's free cash flow?

Usio Inc (USIO) generated $1.1M in free cash flow during fiscal year 2025. This represents a -43.4% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Usio Inc's operating cash flow?

Usio Inc (USIO) generated $1.5M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Usio Inc's total assets?

Usio Inc (USIO) had $134.9M in total assets as of fiscal year 2025, including both current and long-term assets.

What are Usio Inc's capital expenditures?

Usio Inc (USIO) invested $435K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does Usio Inc buy back shares?

Yes, Usio Inc (USIO) spent $1.1M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Usio Inc have outstanding?

Usio Inc (USIO) had 28M shares outstanding as of fiscal year 2025.

What is Usio Inc's current ratio?

Usio Inc (USIO) had a current ratio of 1.08 as of fiscal year 2025, which is considered adequate.

What is Usio Inc's debt-to-equity ratio?

Usio Inc (USIO) had a debt-to-equity ratio of 0.06 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Usio Inc's return on assets (ROA)?

Usio Inc (USIO) had a return on assets of -1.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Usio Inc's Piotroski F-Score?

Usio Inc (USIO) has a Piotroski F-Score of 2 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Usio Inc's earnings high quality?

Usio Inc (USIO) has an earnings quality ratio of -0.60x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Usio Inc cover its interest payments?

Usio Inc (USIO) has an interest coverage ratio of -45.3x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Usio Inc?

Usio Inc (USIO) scores 33 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.