Usio Inc Financials
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).
Usio’s gross profit has flattened, so a thin-liquidity, liability-funded operating model is increasingly exposed to overhead creep.
From FY2023 to FY2025, revenue edged up from$84.1M to$85.4M . But gross profit dollars stalled near$19.7M while SG&A rose to$18.4M , meaning added sales contributed little extra gross profit and the business lost scale benefit instead of gaining it.
FY2024 profitability was accounting-led: net income reached
The balance sheet is liability-heavy but not debt-heavy: total liabilities were
Financial Health Signals
Scored against emerging companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Usio Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Usio Inc scores 0.23, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($58.8M) relative to total liabilities ($117.0M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
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.
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.
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
Earnings & Revenue
Usio Inc generated $85.4M in revenue in fiscal year 2025. This represents an increase of 3.0% from the prior year.
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.
Usio Inc reported -$2.5M in net income in fiscal year 2025. This represents a decrease of 176.0% from the prior year.
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
Usio Inc generated $1.1M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 60.1% from the prior year.
Usio Inc held $7.4M in cash against $1.1M in long-term debt as of fiscal year 2025.
Usio Inc had 28M shares outstanding in fiscal year 2025. This represents an increase of 4.2% from the prior year.
Margins & Returns
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.
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.
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.
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
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.
Usio Inc invested $435K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 122.1% from the prior year.
USIO Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $25.5M+14.5% | $22.2M+5.0% | $21.2M+6.1% | $20.0M-9.3% | $22.0M+7.0% | $20.6M-3.6% | $21.3M+6.2% | $20.1M |
| Cost of Revenue | $20.3M+17.0% | $17.4M+6.5% | $16.3M+10.0% | $14.8M-13.8% | $17.2M+11.0% | $15.5M-5.7% | $16.4M+7.5% | $15.3M |
| Gross Profit | $5.1M+5.4% | $4.9M+0.1% | $4.9M-5.3% | $5.1M+6.9% | $4.8M-5.0% | $5.1M+3.4% | $4.9M+2.0% | $4.8M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $4.4M-14.2% | $5.1M+12.8% | $4.5M-2.9% | $4.6M+12.0% | $4.1M+19.3% | $3.5M-15.7% | $4.1M+3.0% | $4.0M |
| Operating Income | $226K+117.9% | -$1.3M-171.2% | -$464K-16.9% | -$397K-65.7% | -$240K+60.3% | -$603K-60.0% | -$377K-80.3% | -$209K |
| Interest Expense | $23K+32.9% | $17K+51.6% | $11K-3.5% | $12K-0.9% | $12K-3.5% | $12K-10.5% | $14K-3.9% | $14K |
| Income Tax | $172K-45.0% | $312K+352.5% | $69K+0.3% | $69K+10.1% | $63K-82.1% | $349K+111.2% | -$3.1M-4551.5% | $70K |
| Net Income | $123K+108.2% | -$1.5M-260.3% | -$415K-13.2% | -$367K-56.0% | -$235K-137.4% | $629K-77.9% | $2.9M+3676.9% | $75K |
| EPS (Diluted) | $0.00 | N/A | $-0.02-100.0% | $-0.010.0% | $-0.01 | N/A | $0.10 | $0.00 |
USIO Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $120.2M-10.9% | $134.9M+35.7% | $99.4M-8.3% | $108.4M-1.2% | $109.6M+2.2% | $107.2M-6.5% | $114.6M+5.3% | $108.8M |
| Current Assets | $107.3M-13.1% | $123.4M+40.1% | $88.1M-9.0% | $96.8M-1.1% | $97.9M+2.9% | $95.2M-6.9% | $102.2M+2.1% | $100.1M |
| Cash & Equivalents | $7.7M+4.0% | $7.4M-4.0% | $7.7M-3.9% | $8.1M-7.6% | $8.7M+8.2% | $8.1M-4.0% | $8.4M+17.3% | $7.2M |
| Inventory | $393K-14.9% | $462K+36.7% | $338K-11.2% | $380K+9.2% | $348K-13.7% | $404K+0.9% | $400K-1.7% | $407K |
| Accounts Receivable | $5.4M+2.7% | $5.3M+1.2% | $5.2M+6.5% | $4.9M+7.0% | $4.6M-9.6% | $5.1M+18.7% | $4.3M-22.5% | $5.5M |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $102.0M-12.8% | $117.0M+44.9% | $80.7M-9.9% | $89.6M-1.1% | $90.6M+2.9% | $88.1M-8.0% | $95.7M+2.7% | $93.1M |
| Current Liabilities | $98.3M-13.8% | $114.0M+46.0% | $78.1M-10.2% | $86.9M-0.9% | $87.7M+3.3% | $84.9M-8.2% | $92.5M+2.1% | $90.7M |
| Long-Term Debt | $988K-8.1% | $1.1M+80.7% | $595K+20.0% | $495K-7.1% | $533K-6.8% | $572K+1.6% | $563K-5.7% | $597K |
| Total Equity | $18.1M+1.3% | $17.9M-4.2% | $18.7M-0.2% | $18.7M-1.4% | $19.0M-0.9% | $19.2M+1.2% | $18.9M+20.5% | $15.7M |
| Retained Earnings | -$70.4M+0.2% | -$70.5M-2.2% | -$69.0M-0.6% | -$68.6M-0.5% | -$68.3M-0.3% | -$68.0M+0.9% | -$68.7M+4.0% | -$71.5M |
USIO Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $947K+850.6% | $100K-67.2% | $304K+215.1% | -$264K-119.2% | $1.4M+36.7% | $1.0M-29.9% | $1.4M+288.3% | $369K |
| Capital Expenditures | $398K+179.5% | $142K-34.9% | $219K+326.1% | $51K+127.0% | $23K-69.2% | $73K+7.3% | $68K+155.8% | -$123K |
| Free Cash Flow | $549K+1381.1% | -$43K-150.3% | $85K+127.0% | -$315K-123.3% | $1.4M+45.1% | $932K-31.7% | $1.4M+454.2% | $246K |
| Investing Cash Flow | -$614K-54.0% | -$398K-1.7% | -$392K+9.7% | -$434K-38.5% | -$313K-27.3% | -$246K-1.2% | -$243K+12.6% | -$278K |
| Financing Cash Flow | -$17.1M-148.5% | $35.2M+492.5% | -$9.0M-706.2% | -$1.1M-131.1% | $3.6M+136.3% | -$9.9M-549.1% | $2.2M-76.5% | $9.3M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $233K-22.4% | $301K+422.2% | $58K-83.9% | $357K+1.4% | $352K-65.3% | $1.0M+315.9% | $244K+132.5% | $105K |
USIO Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 20.2%-1.7pp | 21.9%-1.1pp | 23.0%-2.8pp | 25.8%+3.9pp | 21.9%-2.8pp | 24.6%+1.7pp | 23.0%-0.9pp | 23.9% |
| Operating Margin | 0.9%+6.6pp | -5.7%-3.5pp | -2.2%-0.2pp | -2.0%-0.9pp | -1.1%+1.8pp | -2.9%-1.2pp | -1.8%-0.7pp | -1.0% |
| Net Margin | 0.5%+7.2pp | -6.7%-4.8pp | -2.0%-0.1pp | -1.8%-0.8pp | -1.1%-4.1pp | 3.1%-10.3pp | 13.4%+13.0pp | 0.4% |
| Return on Equity | 0.7%+9.0pp | -8.3%-6.1pp | -2.2%-0.3pp | -2.0%-0.7pp | -1.2%-4.5pp | 3.3%-11.8pp | 15.1%+14.6pp | 0.5% |
| Return on Assets | 0.1%+1.2pp | -1.1%-0.7pp | -0.4%-0.1pp | -0.3%-0.1pp | -0.2%-0.8pp | 0.6%-1.9pp | 2.5%+2.4pp | 0.1% |
| Current Ratio | 1.090.0 | 1.08-0.0 | 1.13+0.0 | 1.110.0 | 1.120.0 | 1.12+0.0 | 1.100.0 | 1.10 |
| Debt-to-Equity | 0.050.0 | 0.06+0.0 | 0.030.0 | 0.030.0 | 0.030.0 | 0.030.0 | 0.030.0 | 0.04 |
| FCF Margin | 2.1%+2.3pp | -0.2%-0.6pp | 0.4%+2.0pp | -1.6%-7.7pp | 6.1%+1.6pp | 4.5%-1.9pp | 6.4%+5.2pp | 1.2% |
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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 -60.1% 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.
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 Altman Z-Score?
Usio Inc (USIO) has an Altman Z-Score of 0.23, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
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 to 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 36 out of 100 on our Financial Health Score, indicating weak standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.