Usio Announces Fourth Quarter and Full Year Financial Results
Rhea-AI Summary
Usio (Nasdaq: USIO) reported fourth-quarter and full-year 2025 results on March 18, 2026, with record full-year revenues of $85.4M, processing volume up 19% to $8.4B, and transactions processed up 30%. The company generated $1.3M of adjusted EBITDA for 2025 but reported a net loss of $2.5M for the year. Management expects 10–12% revenue growth and continued positive adjusted EBITDA in fiscal 2026, assuming no material economic deterioration.
Fourth-quarter revenue was $22.2M (up 8% YoY); ACH revenue grew 33% year and quarter.
Positive
- Record full-year revenue of $85.4M
- Processing volume increased by 19% to $8.4B
- Transactions processed rose 30% year-over-year
- Adjusted EBITDA of $1.3M for full-year 2025
- ACH revenue growth of 33% year-over-year
Negative
- Net loss of $2.5M in 2025 versus net income $3.3M in 2024
- Adjusted EBITDA declined from $2.9M in 2024 to $1.3M in 2025
- Total interest revenues fell 33% (down $0.8M) in 2025
News Market Reaction – USIO
On the day this news was published, USIO declined 9.92%, reflecting a notable negative market reaction. Argus tracked a trough of -19.1% from its starting point during tracking. Our momentum scanner triggered 8 alerts that day, indicating moderate trading interest and price volatility. This price movement removed approximately $4M from the company's valuation, bringing the market cap to $33M at that time.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
Peer moves were mixed: names like MOGO and DVLT showed both gains and losses intraday, while scanner activity only flagged DVLT moving down, suggesting stock-specific rather than sector-wide drivers for USIO.
Previous Earnings Reports
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Nov 12 | Q3 2025 earnings | Neutral | -0.7% | Flat revenue with higher volumes, modest loss, positive Adjusted EBITDA maintained. |
| Aug 06 | Q2 2025 earnings | Negative | -16.4% | Slight revenue decline and net loss despite volume growth and better margins. |
| May 14 | Q1 2025 earnings | Positive | -8.3% | Record quarterly revenue and strong volume growth with small net loss improvement. |
| Mar 26 | FY/Q4 2024 results | Positive | -1.9% | Strong 2024 earnings, record processing volume, and expanded stock repurchase plan. |
| Jan 28 | 2025 guidance | Positive | -12.2% | Announced 2025 revenue growth guidance and strong prior-year processing metrics. |
Earnings-linked headlines have historically seen mostly negative price reactions, with an average move of about -7.9% despite several fundamentally positive updates.
Across the last five earnings-tagged events since Jan 2025, Usio has repeatedly reported growth in processing volumes and, at times, record revenues, while profitability and margins fluctuated. Guidance for revenue growth and positive Adjusted EBITDA has been a recurring theme. Nevertheless, four of these five earnings releases were followed by share price declines, indicating a pattern where the market reaction often lagged the operational progress described in the releases.
Historical Comparison
Recent earnings and guidance releases have averaged a -7.9% move, showing that even solid volume and revenue updates have often been met with selling pressure.
Earnings updates show a progression from strong 2024 profitability to 2025 marked by continued volume growth but more margin and earnings pressure, with management reiterating revenue growth and Adjusted EBITDA targets.
Market Pulse Summary
The stock moved -9.9% in the session following this news. A negative reaction despite operational records would fit prior patterns, as earnings and guidance updates have averaged about -7.9% moves over the last year. Markets have focused on profitability swings, including the shift to a $2.5M net loss in 2025 and lower Adjusted EBITDA, even when revenue and processing metrics progressed. Such pressure could reflect skepticism about translating growth into sustained earnings.
Key Terms
ach financial
pinless debit financial
payfac financial
ebitda financial
adjusted ebitda financial
gaap financial
non-gaap financial
form 10-k regulatory
AI-generated analysis. Not financial advice.
Record Full Year Revenues, Processing Volume (up
SAN ANTONIO, March 18, 2026 (GLOBE NEWSWIRE) -- Usio, Inc. ("Usio" or the "Company") (Nasdaq: USIO), a leading Fintech company that operates a full stack of integrated, cloud-based electronic payment and embedded financial solutions, today announced financial results for the fourth quarter and year ended December 31, 2025.
Louis Hoch, Chairman and Chief Executive Officer of Usio, said, "I am pleased to report another year of positive Adjusted EBITDA1 and Cash Flow from Operations on solid revenue growth. In addition, we increased total processing volume to
Results for the quarter were driven by revenue growth in our three largest businesses, ACH and complementary services, Credit Card and Output Solutions with full year revenue growth primarily attributable to the ongoing strength of ACH and complementary services.
ACH and complementary services generated another quarter of over
Gross margins were down modestly for both the quarter and the year, in each case, as compared to the same period of 2024, due primarily to product mix as well as a decrease in interest revenues, which carry a
Fiscal 2026 Guidance
The Company continues to expect strong 10 -
Fourth Quarter 2025 Financial Summary
Revenues were
| Three Months Ended December 31, | ||||||||||||||||
| (in millions, except percentages) | ||||||||||||||||
| 2025 | 2024 | $ Change | % Change | |||||||||||||
| ACH and complementary service revenue | $ | 6.1 | $ | 4.6 | $ | 1.5 | 33 | % | ||||||||
| Credit card revenue | 7.7 | 7.2 | 0.5 | 7 | % | |||||||||||
| Prepaid card services revenue | 2.6 | 3.0 | (0.5 | ) | (16 | )% | ||||||||||
| Output Solutions revenue | 5.4 | 5.1 | 0.3 | 6 | % | |||||||||||
| Interest - ACH and complementary services | 0.2 | 0.2 | (0.0 | ) | (1 | )% | ||||||||||
| Interest - Prepaid card services | 0.2 | 0.3 | (0.1 | ) | (46 | )% | ||||||||||
| Interest - Output Solutions | 0.0 | 0.0 | 0.0 | 19 | % | |||||||||||
| Total Revenues | $ | 22.2 | $ | 20.6 | $ | 1.7 | 8 | % | ||||||||
Revenues were up in our three largest businesses during the quarter with ACH and complementary services up
Gross profits for the fourth quarter of 2025 were
The Company had an operating loss of
Adjusted EBITDA1 was negative
For the fourth quarter of 2025, the Company generated
Net loss in the fourth quarter of 2025 was
During the fourth quarter of 2025, the Company repurchased 206,149 shares of its common stock at an average price of
1 See reconciliation of non-GAAP financial measures below.
Financial Results for Full Year 2025
Revenues for 2025 were
| Year Ended December 31, | ||||||||||||||||
| (in millions, except percentages) | ||||||||||||||||
| 2025 | 2024 | $ Change | % Change | |||||||||||||
| ACH and complementary service revenue | $ | 22.2 | $ | 16.7 | $ | 5.5 | 33 | % | ||||||||
| Credit card revenue | 30.0 | 29.3 | 0.7 | 3 | % | |||||||||||
| Prepaid card services revenue | 11.0 | 14.1 | (3.1 | ) | (22 | )% | ||||||||||
| Output Solutions revenue | 20.6 | 20.6 | 0.0 | 0 | % | |||||||||||
| Interest - ACH and complementary services | 0.7 | 0.8 | (0.0 | ) | (6 | )% | ||||||||||
| Interest - Prepaid card services | 0.6 | 1.3 | (0.7 | ) | (54 | )% | ||||||||||
| Interest - Output Solutions | 0.2 | 0.2 | 0.0 | 13 | % | |||||||||||
| Total Revenues | $ | 85.4 | $ | 82.9 | $ | 2.5 | 3 | % | ||||||||
The Company experienced strong revenue growth during 2025 in its ACH and complementary services business segment, seeing a
Gross profit for the year ended December 31, 2025 was
The Company reported
Conference Call and Webcast
Usio, Inc.'s management will host a conference call with a live webcast Wednesday, March 18, 2026 at 4:30 pm Eastern time to provide a business update. To listen to the conference call, interested parties within the U.S. should call +1-844-883-3890. International callers should call + 1-412-317-9246. All callers should ask for the Usio conference call. The conference call will also be available through a live webcast, which can be accessed via the Company’s website at www.usio.com/invest.
A replay of the call will be available approximately one hour after the end of the call through April 18, 2026. The replay can be accessed via the Company’s website or by dialing +1-855-669-9658 (U.S.) or +1-412-317-0088 (international). The replay conference playback code is 3099768.
About Usio, Inc.
Usio, Inc. (Nasdaq: USIO), is a leading Fintech company that operates a full stack of proprietary, cloud-based integrated payment and embedded financial solutions in a single ecosystem to a wide range of merchants, billers, banks, service bureaus and card issuers. The Company operates credit/debit and ACH payment processing platforms, as well as a turn-key card issuing platform to deliver convenient, world-class payment solutions and services to their clients. The Company, through its Usio Output Solutions division, offers services relating to electronic bill presentment, document composition, document decomposition and printing and mailing services. The strength of the Company lies in its ability to provide tailored solutions for card issuance, payment acceptance, and bill payments as well as its unique technology in the prepaid sector. Usio is headquartered in San Antonio, Texas, and has a development office in Austin, Texas.
Websites: www.usio.com, www.payfacinabox.com, www.akimbocard.com and www.usiooutput.com. Find us on Facebook® and Twitter.
About Non-GAAP Financial Measures
This press release includes non-GAAP financial measures, EBITDA, adjusted EBITDA, and adjusted EBITDA margins, as defined in Regulation G of the Securities and Exchange Act of 1934, as amended. The Company reports its financial results in compliance with U.S. generally accepted accounting principles ("GAAP"), but believes that also discussing non-GAAP financial measures is helpful to investors as it provides them with financial measures the Company uses in the management of its business. The Company defines EBITDA as operating income (loss), before interest, taxes, depreciation and amortization of intangibles. The Company defines adjusted EBITDA as EBITDA, as defined above, plus non-cash stock option costs and certain non-recurring items, such as costs related to acquisitions. The Company defines adjusted EBITDA margins as adjusted EBITDA, as defined above, divided by total revenues. These measures may not be comparable to similarly titled measures reported by other companies. Management uses EBITDA, adjusted EBITDA, and adjusted EBITDA margins as indicators of the Company's operating performance and ability to fund acquisitions, capital expenditures and other investments and, in the absence of refinancing options, to repay debt obligations.
Management believes EBITDA, adjusted EBITDA, and adjusted EBITDA margins are helpful to investors in evaluating the Company's operating performance because non-cash costs and other items that management believes are not indicative of its results of operations are excluded.
EBITDA, adjusted EBITDA, and adjusted EBITDA margins should be considered in addition to, not as a substitute for, or superior to, financial measures calculated in accordance with GAAP. They are not measurements of our financial performance under GAAP and should not be considered as alternatives to revenue, or net income, as applicable, or any other performance measures derived in accordance with GAAP and may not be comparable to other similarly titled measures of other businesses. EBITDA, adjusted EBITDA, and adjusted EBITDA margins have limitations as analytical tools and you should not consider these Non-GAAP measures in isolation or as a substitute for analysis of our operating results as reported under GAAP.
1 See reconciliation of non-GAAP financial measures below.
FORWARD-LOOKING STATEMENTS DISCLAIMER
Except for the historical information contained herein, the matters discussed in this release include forward-looking statements which are covered by safe harbors. Those statements include, but may not be limited to, all statements regarding management's intent, belief and expectations, such as statements concerning our future and our operating and growth strategy. These forward-looking statements are identified by the use of words such as "believe," "could," "should," "intend," "look forward," "anticipate," "schedule,” and "expect" among others. Forward-looking statements in this press release are subject to certain risks and uncertainties inherent in the Company's business that could cause actual results to vary, including such risks related to the loss of key resellers, an economic downturn, the security of our software, hardware and information, realization of opportunities from acquisitions, the management of the Company's growth, the relationships with the Automated Clearing House network, bank sponsors, third-party card processing providers and merchants, the volatility of the stock price, the need to obtain additional financing, risks associated with new legislation, and compliance with complex federal, state and local laws and regulations, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission, including in its annual report on Form 10-K for the fiscal year ended December 31, 2025. One or more of these factors have affected, and in the future could affect, the Company’s businesses and financial results and could cause actual results to differ materially from plans and projections. Although the Company believes that the assumptions underlying the forward-looking statements included in this release are reasonable, the Company can give no assurance that such assumptions will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by us or any other person that the objectives and plans will be achieved. All forward-looking statements made in this release are based on information presently available to management. The Company assumes no obligation to update any forward-looking statements, except as required by law.
Contact:
Paul Manley
Senior Vice President, Investor Relations
Paul.Manley@usio.com
612-834-1804
| USIO, INC. CONSOLIDATED BALANCE SHEETS | ||||||||
| December 31, 2025 | December 31, 2024 | |||||||
| ASSETS | ||||||||
| Cash and cash equivalents | $ | 7,434,051 | $ | 8,056,891 | ||||
| Settlement processing assets | 74,180,475 | 47,104,006 | ||||||
| Prepaid card load assets | 27,623,728 | 25,648,688 | ||||||
| Customer deposits | 2,281,220 | 1,918,805 | ||||||
| Accounts receivable, net | 5,274,586 | 5,053,639 | ||||||
| Accounts receivable, tax credit | — | 1,494,612 | ||||||
| Inventory | 461,675 | 403,796 | ||||||
| Prepaid expenses and other | 1,359,382 | 585,500 | ||||||
| Merchant reserves | 4,795,537 | 4,890,101 | ||||||
| Total current assets | 123,410,654 | 95,156,038 | ||||||
| Property and equipment, net | 4,157,393 | 3,194,818 | ||||||
| Other assets: | ||||||||
| Intangibles, net | 9,759 | 881,346 | ||||||
| Deferred tax asset, net | 4,526,228 | 4,580,440 | ||||||
| Operating lease right-of-use assets | 2,423,231 | 3,037,928 | ||||||
| Other assets | 362,949 | 357,877 | ||||||
| Total other assets | 7,322,167 | 8,857,591 | ||||||
| Total Assets | $ | 134,890,214 | $ | 107,208,447 | ||||
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||||||||
| Current Liabilities: | ||||||||
| Accounts payable | $ | 880,590 | $ | 1,256,819 | ||||
| Accrued expenses | 3,326,445 | 3,366,925 | ||||||
| Operating lease liabilities, current portion | 639,805 | 612,680 | ||||||
| Equipment loan, current portion | 289,317 | 147,581 | ||||||
| Settlement processing obligations | 74,180,475 | 47,104,006 | ||||||
| Prepaid card load liabilities | 27,623,728 | 25,648,688 | ||||||
| Customer deposits | 2,281,220 | 1,918,805 | ||||||
| Merchant reserve obligations | 4,795,537 | 4,890,101 | ||||||
| Total current liabilities | 114,017,117 | 84,945,605 | ||||||
| Non-current liabilities: | ||||||||
| Equipment loan, non-current portion | 1,074,711 | 571,862 | ||||||
| Operating lease liabilities, non-current portion | 1,885,983 | 2,534,017 | ||||||
| Total liabilities | 116,977,811 | 88,051,484 | ||||||
| Commitments and Contingencies | ||||||||
| Stockholders' Equity: | ||||||||
| Preferred stock, | — | — | ||||||
| Common stock, | 31,562 | 198,317 | ||||||
| Additional paid-in capital | 102,363,590 | 99,676,457 | ||||||
| Treasury stock, at cost; 3,832,474 and 3,292,764 shares in 2025 and 2024, respectively | (6,837,181 | ) | (5,770,592 | ) | ||||
| Deferred compensation | (7,100,573 | ) | (6,914,563 | ) | ||||
| Accumulated deficit | (70,544,995 | ) | (68,032,656 | ) | ||||
| Total stockholders' equity | 17,912,403 | 19,156,963 | ||||||
| Total Liabilities and Stockholders' Equity | $ | 134,890,214 | $ | 107,208,447 | ||||
| USIO, INC. CONSOLIDATED STATEMENTS OF OPERATIONS | ||||||||||||||||
| Three Months Ended (unaudited) | Twelve Months Ended | |||||||||||||||
| December 31, 2025 | December 31, 2024 | December 31, 2025 | December 31, 2024 | |||||||||||||
| Revenues | $ | 22,243,253 | $ | 20,560,088 | $ | 85,393,626 | $ | 82,931,840 | ||||||||
| Cost of services | 17,369,785 | 15,495,310 | 65,700,927 | 63,317,396 | ||||||||||||
| Gross profit | 4,873,468 | 5,064,778 | 19,692,699 | 19,614,444 | ||||||||||||
| Selling, general and administrative: | ||||||||||||||||
| Stock-based compensation | 499,994 | 564,300 | 1,743,893 | 2,093,406 | ||||||||||||
| Other expenses | 5,079,345 | 4,547,694 | 18,362,187 | 16,728,081 | ||||||||||||
| Depreciation and amortization | 553,009 | 555,581 | 1,946,224 | 2,263,302 | ||||||||||||
| Total operating expenses | 6,132,348 | 5,667,575 | 22,052,304 | 21,084,789 | ||||||||||||
| Operating loss | (1,258,880 | ) | (602,797 | ) | (2,359,605 | ) | (1,470,345 | ) | ||||||||
| Other income: | ||||||||||||||||
| Interest income | 92,792 | 116,558 | 407,160 | 464,746 | ||||||||||||
| Other income | — | 1,476,272 | 5,000 | 1,737,685 | ||||||||||||
| Interest expense | (17,177 | ) | (12,267 | ) | (52,083 | ) | (53,802 | ) | ||||||||
| Other income, net | 75,615 | 1,580,563 | 360,077 | 2,148,629 | ||||||||||||
| Income (loss) before income taxes | (1,183,265 | ) | 977,766 | (1,999,528 | ) | 678,284 | ||||||||||
| Federal income tax expense (benefit) | 54,212 | 109,613 | 54,212 | (3,076,440 | ) | |||||||||||
| State income tax expense | 258,152 | 239,227 | 458,599 | 449,227 | ||||||||||||
| Income taxes | 312,364 | 348,840 | 512,811 | (2,627,213 | ) | |||||||||||
| Net Income (loss) | $ | (1,495,629 | ) | $ | 628,926 | $ | (2,512,339 | ) | $ | 3,305,497 | ||||||
| Earnings (loss) Per Share | ||||||||||||||||
| Basic income (loss) per common share: | $ | (0.05 | ) | $ | 0.02 | $ | (0.09 | ) | $ | 0.12 | ||||||
| Diluted income (loss) per common share: | $ | (0.05 | ) | $ | 0.02 | $ | (0.09 | ) | $ | 0.12 | ||||||
| Weighted average common shares outstanding | ||||||||||||||||
| Basic | 27,480,732 | 27,162,675 | 26,926,838 | 26,852,129 | ||||||||||||
| Diluted | 27,480,732 | 27,162,675 | 26,926,838 | 26,852,129 | ||||||||||||
| USIO, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS | ||||||||
| For the Year Ended | ||||||||
| December 31, 2025 | December 31, 2024 | |||||||
| Operating Activities | ||||||||
| Net income (loss) | $ | (2,512,339 | ) | $ | 3,305,497 | |||
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||||||||
| Depreciation and Amortization | 1,946,224 | 2,263,302 | ||||||
| Loss on disposal of equipment | — | 18,340 | ||||||
| Deferred federal income tax expense (benefit) | 54,212 | (3,076,440 | ) | |||||
| Employee stock-based compensation | 1,743,893 | 2,093,406 | ||||||
| Allowance for expected credit losses | 80,132 | 5,000 | ||||||
| Reserve for processing losses | (112,179 | ) | (70,588 | ) | ||||
| Changes in operating assets and liabilities: | ||||||||
| Accounts receivable | (301,079 | ) | 505,499 | |||||
| Accounts receivable, tax credit | 1,494,612 | (1,494,612 | ) | |||||
| Prepaid expenses and other | (773,882 | ) | (141,429 | ) | ||||
| Operating lease right-to-use assets | 614,697 | (617,146 | ) | |||||
| Other assets | (5,072 | ) | (2,520 | ) | ||||
| Inventory | (57,879 | ) | 19,012 | |||||
| Accounts payable and accrued expenses | (304,530 | ) | (138,087 | ) | ||||
| Operating lease liabilities | (620,909 | ) | 593,937 | |||||
| Merchant reserves | (94,564 | ) | (419,994 | ) | ||||
| Customer deposits | 362,415 | 53,074 | ||||||
| Net cash provided by operating activities | 1,513,752 | 2,896,251 | ||||||
| Investing Activities | ||||||||
| Purchases of property and equipment | (435,014 | ) | (195,877 | ) | ||||
| Capitalized labor for internal use software | (1,102,368 | ) | (796,004 | ) | ||||
| Sale of equipment | — | 47,500 | ||||||
| Net cash used by investing activities | (1,537,382 | ) | (944,381 | ) | ||||
| Financing Activities | ||||||||
| Payments on equipment loan | (147,157 | ) | (106,807 | ) | ||||
| Proceeds from equipment loan | 791,742 | — | ||||||
| Proceeds from issuance of common stock | 90,645 | 97,663 | ||||||
| Purchases of treasury stock | (1,066,589 | ) | (1,408,442 | ) | ||||
| Assets held for customers | 29,051,509 | (3,725,882 | ) | |||||
| Net cash provided (used) by financing activities | 28,720,150 | (5,143,468 | ) | |||||
| Change in cash, cash equivalents, customer deposits and merchant reserves | 28,696,520 | (3,191,598 | ) | |||||
| Cash, cash equivalents, customer deposits and merchant reserves, beginning of year | 87,618,491 | 90,810,089 | ||||||
| Cash, Cash Equivalents, Settlement Processing Assets, Prepaid Card Load Assets, Customer Deposits and Merchant Reserves, End of Year | $ | 116,315,011 | $ | 87,618,491 | ||||
| Supplemental disclosures of cash flow information | ||||||||
| Cash paid during the period for: | ||||||||
| Interest | $ | 52,083 | $ | 53,802 | ||||
| Income taxes | — | 290,144 | ||||||
| Non-cash operating activities: | ||||||||
| Right of use assets obtained in exchange for operating lease liabilities | $ | — | $ | 1,156,543 | ||||
| Non-cash investing and financing activities: | ||||||||
| Issuance of deferred stock compensation | $ | 1,324,800 | $ | 1,497,300 | ||||
| Issuance of common stock for PostCredit acquisition | 500,000 | — | ||||||
| USIO, INC. CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY | ||||||||||||||||||||||||||||
| Common Stock | Additional Paid- In | Treasury | Deferred | Accumulated | Total Stockholders' | |||||||||||||||||||||||
| Shares | Amount | Capital | Stock | Compensation | Deficit | Equity | ||||||||||||||||||||||
| Balance at December 31, 2023 | 28,661,406 | $ | 197,087 | $ | 97,479,830 | $ | (4,362,150 | ) | $ | (6,907,775 | ) | $ | (71,338,153 | ) | $ | 15,068,839 | ||||||||||||
| Issuance of common stock under equity incentive plan | 1,189,050 | 1,178 | 2,130,336 | — | (1,497,300 | ) | — | 634,214 | ||||||||||||||||||||
| Reversal of deferred compensation amortization that did not vest | 66,959 | 67 | 97,596 | — | — | — | 97,663 | |||||||||||||||||||||
| Deferred compensation amortization | (15,000 | ) | (15 | ) | (31,305 | ) | — | 31,320 | — | — | ||||||||||||||||||
| Non-cash return of treasury stock | — | — | — | — | 1,459,192 | — | 1,459,192 | |||||||||||||||||||||
| Purchase of treasury stock, at cost | — | — | — | (1,408,442 | ) | — | — | (1,408,442 | ) | |||||||||||||||||||
| Net income | — | — | — | — | — | 3,305,497 | 3,305,497 | |||||||||||||||||||||
| Balance at December 31, 2024 | 29,902,415 | $ | 198,317 | $ | 99,676,457 | $ | (5,770,592 | ) | $ | (6,914,563 | ) | $ | (68,032,656 | ) | $ | 19,156,963 | ||||||||||||
| Adjustment to par value of common stock | — | (168,415 | ) | 168,415 | — | — | — | — | ||||||||||||||||||||
| Issuance of common stock under equity incentive plan | 1,243,575 | 1,243 | 1,928,490 | — | (1,324,800 | ) | — | 604,933 | ||||||||||||||||||||
| Issuance of common stock under employee stock purchase plan | 61,578 | 62 | 90,583 | — | — | — | 90,645 | |||||||||||||||||||||
| Issuance of common stock for software acquisition | 354,610 | 355 | 499,645 | — | — | — | 500,000 | |||||||||||||||||||||
| Deferred compensation amortization | — | — | — | — | 1,138,790 | — | 1,138,790 | |||||||||||||||||||||
| Purchase of treasury stock, at cost | — | — | — | (1,066,589 | ) | — | — | (1,066,589 | ) | |||||||||||||||||||
| Net loss | — | — | — | — | — | (2,512,339 | ) | (2,512,339 | ) | |||||||||||||||||||
| Balance at December 31, 2025 | 31,562,178 | $ | 31,562 | $ | 102,363,590 | $ | (6,837,181 | ) | $ | (7,100,573 | ) | $ | (70,544,995 | ) | $ | 17,912,403 | ||||||||||||
| RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES | ||||||||||||||||
| Three Months Ended (unaudited) | Twelve Months Ended | |||||||||||||||
| December 31, 2025 | December 31, 2024 | December 31, 2025 | December 31, 2024 | |||||||||||||
| Reconciliation from Operating Income/(Loss) to Adjusted EBITDA: | ||||||||||||||||
| Operating income (loss) | $ | (1,258,880 | ) | $ | (602,797 | ) | $ | (2,359,605 | ) | $ | (1,470,345 | ) | ||||
| Depreciation and amortization | 553,009 | 555,581 | 1,946,224 | 2,263,302 | ||||||||||||
| EBITDA | (705,871 | ) | (47,216 | ) | (413,381 | ) | 792,957 | |||||||||
| Non-cash stock-based compensation expense, net | 499,994 | 564,300 | 1,743,893 | 2,093,406 | ||||||||||||
| Adjusted EBITDA | $ | (205,877 | ) | $ | 517,084 | $ | 1,330,512 | $ | 2,886,363 | |||||||
| Calculation of Adjusted EBITDA margins: | ||||||||||||||||
| Revenues | $ | 22,243,253 | $ | 20,560,088 | $ | 85,393,626 | $ | 82,931,840 | ||||||||
| Adjusted EBITDA | (205,877 | ) | 517,084 | 1,330,512 | 2,886,363 | |||||||||||
| Adjusted EBITDA margins | (0.9 | )% | 2.5 | % | 1.6 | % | 3.5 | % | ||||||||
FAQ
What were Usio's (USIO) full-year 2025 revenues and processing volume?
How did Usio's (USIO) ACH business perform in Q4 and full-year 2025?
What was Usio's (USIO) profitability and adjusted EBITDA in 2025?
What guidance did Usio (USIO) give for fiscal 2026 revenue and profitability?
Did Usio (USIO) repurchase shares during 2025 and how much was spent?
