Usio, Inc. (USIO) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 12, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 12, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the USIO SEC filings page.
Usio, Inc. (USIO) reported $92.6M in revenue over the twelve months to Jun 30, 2026, up 10.4% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).
Revenue has expanded, but core operations remain loss-making while 2025 balance-sheet growth came mainly through financing.
The 2024 net profit of$3.3M coexisted with an operating loss of$1.5M , so bottom-line profitability did not come from the operating engine. A reported tax benefit of$2.6M helped produce that result, while 2025 returned to a net loss of$2.5M .
Gross margin ended at
FY2025 financing cash flow was
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. held $7.4M in cash, cash equivalents and investments at the end of fiscal year 2025, and its operations generated $1.5M of cash that year. Cash Runway ranks emerging companies on the size of that balance against the outflow behind it, and Usio, Inc. scores 86/100 among other emerging companies.
Usio, Inc. had 28M shares outstanding at the end of fiscal year 2025, against 27M in fiscal year 2024. Dilution ranks emerging companies on how fast that count has grown over three years, where a slower rise is the better one, and Usio, Inc. scores 63/100 among other emerging companies.
Not available for Usio, Inc., and counted as zero in the overall score.
Usio, Inc. reported revenue of $85.4M in fiscal year 2025, against $82.9M in fiscal year 2024. Revenue Progress ranks emerging companies on the three-year path of that line, and Usio, Inc. scores 45/100 among other emerging companies.
Not available for Usio, Inc., and counted as zero in the overall score.
Usio, Inc.'s cash, cash equivalents and investments came to $7.4M at the end of fiscal year 2025, against $117.0M of total liabilities. Balance Sheet ranks emerging companies on that comparison, and Usio, Inc. scores 12/100 among other emerging companies.
Usio, Inc. scores 0.33, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($78.1M) 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.
Usio, Inc. reported a net loss of $2.5M while generating $1.5M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
Usio, Inc. reported an operating loss of $2.4M against $52K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
Usio, Inc. generated $23.7M in revenue in Q2 2026. This represents an increase of 18.6% from the same quarter a year earlier. Against the prior quarter it is down 7.0%.
Usio, Inc.'s EBITDA was $663K in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 880.2% from the same quarter a year earlier. Against the prior quarter it is up 46.8%.
Usio, Inc. reported $280K in net income in Q2 2026. This represents an increase of 176.4% from the same quarter a year earlier. Against the prior quarter it is up 128.6%.
Usio, Inc. earned $0.01 per diluted share (EPS) in Q2 2026. This represents an increase of 200.0% from the same quarter a year earlier.
Cash & Balance Sheet
Usio, Inc. recorded an outflow of $828K in free cash flow in Q2 2026, representing a cash shortfall after capex. This represents a decrease of 162.7% from the same quarter a year earlier. Against the prior quarter it is down 250.9%.
Usio, Inc. held $6.4M in cash against $910K in long-term debt as of Q2 2026, with $101.5M of liabilities due within a year.
Not reported for Q2 2026.
Margins & Returns
Usio, Inc.'s gross margin was 24.2% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is down 1.6 percentage points from the same quarter a year earlier. Against the prior quarter it is up 4.0 percentage points.
Usio, Inc.'s operating margin was 1.6% in Q2 2026, reflecting core business profitability. This is up 3.6 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.7 percentage points.
Usio, Inc.'s net profit margin was 1.2% in Q2 2026, showing the share of revenue converted to profit. This is up 3.0 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.7 percentage points.
Usio, Inc.'s ROE was 1.5% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 3.5 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.8 percentage points.
Capital Allocation
Usio, Inc. spent $137K on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 61.5% from the same quarter a year earlier. Against the prior quarter it is down 41.1%.
Usio, Inc. invested $134K in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 161.2% from the same quarter a year earlier. Against the prior quarter it is down 66.3%.
Not reported for Q2 2026.
USIO Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $23.7M+18.6% | $25.5M+15.7% | $22.2M+8.2% | $21.2M-0.7% | $20.0M-0.6% | $22.0M+5.0% | $20.6M+1.8% | $21.3M+1.6% |
| Cost of Revenue | $18.0M+21.1% | $20.3M+18.2% | $17.4M+12.1% | $16.3M-0.7% | $14.8M-3.0% | $17.2M+6.7% | $15.5M+4.2% | $16.4M+0.6% |
| Gross Profit | $5.7M+11.4% | $5.1M+6.8% | $4.9M-3.8% | $4.9M-0.5% | $5.1M+7.1% | $4.8M-0.9% | $5.1M-5.0% | $4.9M+5.1% |
| SG&A Expenses | $4.6M-1.2% | $4.4M+5.1% | $5.1M+46.3% | $4.5M+9.3% | $4.6M+15.9% | $4.1M-19.3% | $3.5M | $4.1M-23.8% |
| Operating Income | $377K+194.9% | $226K+194.2% | -$1.3M-108.8% | -$464K-23.2% | -$397K-90.0% | -$240K+15.0% | -$603K-1010.0% | -$377K+49.8% |
| EBITDA | $663K+880.2% | $451K+76.2% | -$706K-1395.0% | -$31K-115.1% | $68K-80.0% | $256K-12.9% | -$47K-108.0% | $207K+189.4% |
| Interest Expense | $23K+95.4% | $23K+92.7% | $17K+40.0% | $11K-17.3% | $12K-17.6% | $12K-12.8% | $12K+239.4% | $14K+3386.0% |
| Income Tax | $170K+147.0% | $172K+174.8% | $312K-10.5% | $69K+102.2% | $69K-1.6% | $63K-10.6% | $349K+398.3% | -$3.1M-4551.5% |
| Net Income | $280K+176.4% | $123K+152.1% | -$1.5M-337.8% | -$415K-114.6% | -$367K-585.7% | -$235K+6.1% | $629K+2325.0% | $2.9M+495.5% |
| EPS (Basic) | $0.01+200.0% | $0.00+100.0% | -$0.05-350.0% | -$0.02-120.0% | -$0.01 | -$0.010.0% | $0.02 | $0.10+433.3% |
| EPS (Diluted) | $0.01+200.0% | $0.00+100.0% | -$0.05-350.0% | -$0.02-120.0% | -$0.01 | -$0.010.0% | $0.02 | $0.10+433.3% |
| Diluted Shares (Avg) | 28M+5.2% | 28M+4.3% | N/A | 27M-1.6% | 26M-0.3% | 27M+0.9% | N/A | 27M+3.6% |
Not reported in any period shown, so not listed: R&D Expenses.
USIO Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $123.8M+14.2% | $120.2M+9.6% | $134.9M+25.8% | $99.4M-13.3% | $108.4M-0.4% | $109.6M+10.7% | $107.2M+0.3% | $114.6M-12.2% |
| Current Assets | $111.2M+14.8% | $107.3M+9.6% | $123.4M+29.7% | $88.1M-13.8% | $96.8M-3.2% | $97.9M+8.9% | $95.2M-2.1% | $102.2M-15.8% |
| Cash & Equivalents | $6.4M-14.9% | $7.7M-11.3% | $7.4M-7.7% | $7.7M-7.7% | $7.5M+4.9% | $8.7M+23.6% | $8.1M+12.6% | $8.4M+13.5% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $392K+3.1% | $393K+12.7% | $462K+14.3% | $338K-15.6% | $380K-6.5% | $348K-18.9% | $404K-4.5% | $400K-0.2% |
| Accounts Receivable | $6.5M+33.4% | $5.4M+18.6% | $5.3M+4.4% | $5.2M+22.4% | $4.9M-11.0% | $4.6M-6.0% | $5.1M-9.2% | $4.3M-18.2% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $105.0M+17.2% | $102.0M+12.6% | $117.0M+32.9% | $80.7M-15.6% | $89.6M-3.8% | $90.6M+8.2% | $88.1M-4.2% | $95.7M-17.3% |
| Current Liabilities | $101.5M+16.7% | $98.3M+12.0% | $114.0M+34.2% | $78.1M-15.6% | $86.9M-4.1% | $87.7M+8.0% | $84.9M-4.8% | $92.5M-18.7% |
| Non-Current Liabilities | $3.5M+30.3% | $3.8M+30.4% | $3.0M-4.7% | $2.6M-15.9% | $2.7M+9.8% | $2.9M+12.1% | $3.1M+17.7% | $3.1M+65.7% |
| Long-Term Debt | $910K+83.7% | $988K+85.3% | $1.1M+87.9% | $595K+5.6% | $495K-17.0% | $533K-15.5% | $572K-20.5% | $563K |
| Total Equity | $18.8M+0.3% | $18.1M-4.5% | $17.9M-6.5% | $18.7M-1.3% | $18.7M+19.2% | $19.0M+24.3% | $19.2M+27.1% | $18.9M+27.2% |
| Retained Earnings | -$70.1M-2.2% | -$70.4M-3.2% | -$70.5M-3.7% | -$69.0M-0.6% | -$68.6M+4.0% | -$68.3M+4.6% | -$68.0M+4.6% | -$68.7M+3.8% |
Not reported in any period shown, so not listed: Goodwill.
USIO Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$694K-163.0% | $947K-31.1% | $100K-90.1% | $304K-78.8% | -$264K-171.5% | $1.4M+1450.0% | $1.0M+102.6% | $1.4M-89.6% |
| Depreciation & Amortization | $286K-38.4% | $226K-54.5% | $553K-0.5% | $433K-25.8% | $465K-15.2% | $496K-14.0% | $556K+6.4% | $584K+12.6% |
| Stock-Based Compensation | $483K+11.1% | $329K-19.7% | N/A | $400K-29.9% | $434K-5.6% | $410K-17.9% | N/A | $570K-4.2% |
| Capital Expenditures | $134K+161.2% | $398K+1661.1% | $142K+93.8% | $219K+219.2% | $51K-58.2% | $23K-87.2% | $73K-70.3% | $68K-65.5% |
| Free Cash Flow | -$828K-162.7% | $549K-59.4% | -$43K-104.6% | $85K-93.8% | -$315K-228.0% | $1.4M+1634.4% | $932K+102.4% | $1.4M-89.9% |
| Investing Cash Flow | -$395K+8.9% | -$614K-95.9% | -$398K-61.9% | -$392K-61.1% | -$434K-55.9% | -$313K-77.2% | -$246K+0.6% | -$243K-22.3% |
| Financing Cash Flow | $3.9M+454.1% | -$17.1M-577.3% | $35.2M+457.1% | -$9.0M-508.6% | -$1.1M-111.9% | $3.6M+152.5% | -$9.9M-259.9% | $2.2M+3519.5% |
| Share Buybacks | $137K-61.5% | $233K-33.6% | $301K-70.4% | $58K-76.4% | $357K+239.8% | $352K+684.5% | $1.0M+161.5% | $244K+388.7% |
Not reported in any period shown, so not listed: Dividends Paid.
USIO Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 24.2%-1.6pp | 20.2%-1.7pp | 21.9%-2.7pp | 23.0%0.0pp | 25.8%+1.9pp | 21.9%-1.3pp | 24.6%-1.7pp | 23.0%+0.8pp |
| Operating Margin | 1.6%+3.6pp | 0.9%+2.0pp | -5.7%-2.7pp | -2.2%-0.4pp | -2.0%-1.0pp | -1.1%+0.3pp | -2.9%-3.3pp | -1.8%+1.8pp |
| Net Margin | 1.2%+3.0pp | 0.5%+1.6pp | -6.7%-9.8pp | -2.0%-15.3pp | -1.8%-2.2pp | -1.1%+0.1pp | 3.1%+2.9pp | 13.4%+16.8pp |
| Return on Equity | 1.5%+3.5pp | 0.7%+1.9pp | -8.3%-11.6pp | -2.2%-17.3pp | -2.0%-2.4pp | -1.2%+0.4pp | 3.3%+3.1pp | 15.1%+19.9pp |
| Return on Assets | 0.2%+0.6pp | 0.1%+0.3pp | -1.1%-1.7pp | -0.4%-2.9pp | -0.3%-0.4pp | -0.2%0.0pp | 0.6%+0.6pp | 2.5%+3.0pp |
| Current Ratio | 1.100.0x | 1.090.0x | 1.080.0x | 1.130.0x | 1.110.0x | 1.120.0x | 1.120.0x | 1.100.0x |
| Debt-to-Equity | 0.050.0x | 0.050.0x | 0.060.0x | 0.030.0x | 0.030.0x | 0.030.0x | 0.030.0x | 0.030.0x |
| Asset Turnover | 0.190.0x | 0.210.0x | 0.160.0x | 0.210.0x | 0.180.0x | 0.200.0x | 0.190.0x | 0.190.0x |
| FCF Margin | -3.5%-1.9pp | 2.1%-4.0pp | -0.2%-4.7pp | 0.4%-6.0pp | -1.6%-2.8pp | 6.1%+6.6pp | 4.5% | 6.4%-58.1pp |
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Usio, Inc. USIO | FY2025 | $85.4M | -$2.5M | -2.9% | $78.1M | 34/100 |
| authID Inc. AUID | FY2025 | $2.0M | -$17.9M | N/A | $5.8M | 52/100 |
| CISO Global, Inc. CISO | FY2025 | $26.6M | -$8.1M | -30.3% | $8.8M | 19/100 |
| Datavault AI Inc. DVLT | FY2025 | $39.1M | -$79.0M | N/A | $137.0M | 35/100 |
| Intrusion Inc New INTZ | FY2025 | $7.0M | -$9K | -0.1% | $16.2M | 44/100 |
Where Usio, Inc. Ranks
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 3.0% 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 P/E ratio?
Usio, Inc. (USIO) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 30, 2026). The market capitalization is $78.1M as of Oct 12, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Usio, Inc.'s price-to-sales ratio?
Usio, Inc. (USIO) trades at 0.8x sales, its market capitalization divided by revenue of $92.6M revenue, trailing 12 months to June 30, 2026. The market capitalization is $78.1M as of Oct 12, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Usio, Inc.'s Altman Z-Score?
Usio, Inc. (USIO) has an Altman Z-Score of 0.33, 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) reported a net loss of $2.5M while generating $1.5M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. 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) reported an operating loss of $2.4M against $52K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. 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 34 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.