Usio, Inc. (USIO) 10-Year Financial Performance & Capital Metrics

USIO • • Industrial / General

TechnologyIT ServicesPayment Processing & Financial TechnologySpecialized Payment Solutions

AboutUsio, 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 credit, prepaid card, and debit card-based processing services. Its ACH transaction processing services include Represented Check, a consumer non-sufficient funds check that is presented for payment electronically rather than through the paper check collection system; and Accounts Receivable Check Conversion, a consumer paper check payment that is converted into an e-check. The company also offers merchant account services for the processing of card-based transactions through the VISA, MasterCard, American Express, Discover, and JCB networks, including online terminal services accessed through a website or retail services accessed through a physical terminal. In addition, it provides a proprietary web-based customer service application that allows companies to process one-time and recurring payments through e-checks or credit cards; and an interactive voice response telephone system to companies, which accept payments directly from consumers over the telephone using e-checks or credit cards. Further, the company offers prepaid and incentive card issuance services; and operates a prepaid core processing platform, as well as provides additional services, such as electronic bill presentment, document composition, document decomposition, and printing and mailing services for various industry verticals, including utilities and financial institutions. It markets and sells ACH products and services primarily through resellers; and prepaid card program directly to government entities, corporations, and to consumers through the internet. The company was formerly known as Payment Data Systems, Inc. and changed its name to Usio, Inc. in June 2019. Usio, Inc. was incorporated in 1998 and is headquartered in San Antonio, Texas.Show more

Revenue $83M +0.4%
EBITDA $793K +398.6%
Net Income $3M +795.7%
EPS (Diluted) 0.12 +608.5%
Gross Margin 23.65% +5.0%
EBITDA Margin 0.96% +396.5%
Operating Margin -1.77% +23.8%
Net Margin 3.99% +792.9%
ROE 19.32% +689.6%
ROIC -8.4% +34.3%
Debt/Equity 0.20 -10.0%
Interest Coverage -27.33 +92.6%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y sales CAGR of 24.1%

✗Weaknesses

✗Shares diluted 33.6% in last year
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y20%

5Y24.08%

3Y10.22%

TTM3.24%

Profit (Net Income) CAGR

10Y-1.48%

5Y-

3Y-

TTM-114.35%

EPS CAGR

10Y-11.56%

5Y-

3Y-

TTM-121.95%

ROCE

10Y Avg-18.68%

5Y Avg-14.62%

3Y Avg-15.49%

Latest-7.36%

Peer Comparison

Specialized Payment Solutions

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
FLYWFlywire Corporation	1.67B	13.87	619.20	22.09%	-0.42%	-0.29%	5.43%	0.00
CTLPCantaloupe, Inc.	802.56M	10.89	12.66	12.64%	19.21%	23.59%	0.42%	0.19
USIOUsio, Inc.	37.41M	1.37	11.42	0.41%	-0.46%	-2.08%	5.09%	0.20
JFU9F Inc.	52.73M	6.05	1.44	-24.85%	16.13%	1.37%	86.01%	0.00
NYAXNayax Ltd.	2.18B	59.08	-369.25	33.34%	6.47%	11.59%	0.82%	0.33

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	14.38M	12.08M	14.57M	25.02M	28.2M	32.25M	61.94M	69.43M	82.59M	82.93M
Revenue Growth %	0.07%	-0.16%	0.21%	0.72%	0.13%	0.14%	0.92%	0.12%	0.19%	0%
Cost of Goods Sold+	9.42M	8.29M	10.8M	19.45M	22.25M	24.88M	46.31M	54.84M	63.99M	63.32M
COGS % of Revenue	0.65%	0.69%	0.74%	0.78%	0.79%	0.77%	0.75%	0.79%	0.77%	0.76%
Gross Profit+	4.96M	3.78M	3.77M	5.57M	5.95M	7.38M	15.63M	14.59M	18.6M	19.61M
Gross Margin %	0.35%	0.31%	0.26%	0.22%	0.21%	0.23%	0.25%	0.21%	0.23%	0.24%
Gross Profit Growth %	0.19%	-0.24%	-0%	0.48%	0.07%	0.24%	1.12%	-0.07%	0.27%	0.05%
Operating Expenses+	4.18M	5.4M	6.61M	9.34M	11.01M	11.13M	15.79M	19.81M	20.52M	21.08M
OpEx % of Revenue	0.29%	0.45%	0.45%	0.37%	0.39%	0.35%	0.25%	0.29%	0.25%	0.25%
Selling, General & Admin	3.68M	4.5M	5.35M	7.47M	8.99M	9.61M	1.49M	17.07M	18.44M	2.09M
SG&A % of Revenue	0.26%	0.37%	0.37%	0.3%	0.32%	0.3%	0.02%	0.25%	0.22%	0.03%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	65.49K	99.28K	1.58K	-77	2.02M	1.52M	14.3M	2.74M	2.08M	18.99M
Operating Income+	946.88K	-1.36M	-2.84M	-3.77M	-5.06M	-3.76M	-155.38K	-5.21M	-1.92M	-1.47M
Operating Margin %	0.07%	-0.11%	-0.19%	-0.15%	-0.18%	-0.12%	-0%	-0.08%	-0.02%	-0.02%
Operating Income Growth %	-0.58%	-2.44%	-1.09%	-0.33%	-0.34%	0.26%	0.96%	-32.56%	0.63%	0.24%
EBITDA+	1.44M	-458.97K	-1.58M	-1.9M	-3.04M	-2.24M	2.49M	-2.48M	159.03K	792.96K
EBITDA Margin %	0.1%	-0.04%	-0.11%	-0.08%	-0.11%	-0.07%	0.04%	-0.04%	0%	0.01%
EBITDA Growth %	-0.37%	-1.32%	-2.44%	-0.2%	-0.6%	0.26%	2.11%	-2%	1.06%	3.99%
D&A (Non-Cash Add-back)	496.37K	901.6K	1.26M	1.88M	2.02M	1.52M	2.64M	2.74M	2.08M	2.26M
EBIT	782.94K	-1.62M	-2.84M	-3.77M	-5.06M	-3.76M	-147.46K	-5.2M	-177.38K	732.09K
Net Interest Income+	79K	97.32K	100.96K	76.55K	81.79K	60.29K	3.33K	11.19K	1.69M	410.94K
Interest Income	79K	97.32K	100.96K	76.55K	81.79K	60.29K	7.64K	15.24K	1.7M	464.75K
Interest Expense	0	0	0	0	0	0	4.31K	4.05K	5.2K	53.8K
Other Income/Expense	144.5K	196.6K	102.55K	76.47K	49.14K	873.79K	3.61K	11.19K	1.74M	2.15M
Pretax Income+	1.09M	-1.16M	-2.73M	-3.7M	-5.01M	-2.88M	-151.77K	-5.2M	-182.58K	678.28K
Pretax Margin %	0.08%	-0.1%	-0.19%	-0.15%	-0.18%	-0.09%	-0%	-0.07%	-0%	0.01%
Income Tax+	75.28K	32.67K	274.32K	77.78K	101.89K	23.11K	169.86K	280K	292.52K	-2.63M
Effective Tax Rate %	0.93%	1.03%	1.1%	1.02%	1.02%	1.01%	2.12%	1.05%	2.6%	4.87%
Net Income+	1.02M	-1.2M	-3.01M	-3.78M	-5.12M	-2.91M	-321.63K	-5.48M	-475.1K	3.31M
Net Margin %	0.07%	-0.1%	-0.21%	-0.15%	-0.18%	-0.09%	-0.01%	-0.08%	-0.01%	0.04%
Net Income Growth %	-0.74%	-2.18%	-1.51%	-0.25%	-0.35%	0.43%	0.89%	-16.05%	0.91%	7.96%
Net Income (Continuing)	1.02M	-1.2M	-3.01M	-3.78M	-5.12M	-2.91M	-321.63K	-5.48M	-475.1K	3.31M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	0.08	-0.15	-0.33	-0.31	-0.39	-0.19	-0.02	-0.27	-0.02	0.12
EPS Growth %	-0.8%	-2.88%	-1.2%	0.06%	-0.26%	0.51%	0.92%	-15.77%	0.91%	6.08%
EPS (Basic)	0.14	-0.15	-0.33	-0.31	-0.39	-0.19	-0.02	-0.27	-0.02	0.12
Diluted Shares Outstanding	11.99M	7.84M	9M	12.13M	12.96M	15.43M	20.03M	20.38M	20.11M	26.85M
Basic Shares Outstanding	7.39M	7.84M	9M	12.13M	12.96M	15.43M	20.03M	20.38M	20.11M	26.85M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	63.11M	65.03M	59.1M	60.91M	53.05M	69.09M	121.26M	87.41M	97.24M	95.16M
Cash & Short-Term Investments	4.06M	4.12M	4.8M	2.7M	2.14M	5.01M	7.26M	5.71M	7.16M	8.06M
Cash Only	4.06M	4.12M	4.8M	2.7M	2.14M	5.01M	7.26M	5.71M	7.16M	8.06M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	1.14M	1.11M	1.12M	1.32M	1.27M	2.86M	4.98M	4.37M	5.56M	6.55M
Days Sales Outstanding	28.82	33.48	28.05	19.3	16.49	32.41	29.34	22.98	24.59	28.82
Inventory	17.97M	15.8M	14.98M	12.75M	0	176.47K	434.53K	507.36K	422.81K	403.8K
Days Inventory Outstanding	696.57	695.54	506.05	239.16	-	2.59	3.42	3.38	2.41	2.33
Other Current Assets	57.77M	59.65M	53.01M	56.89M	49.11M	53.43M	70.63M	55.1M	52.08M	52.58M
Total Non-Current Assets+	5.24M	4.49M	8.33M	7.31M	8.51M	13.58M	12.42M	10.5M	9.69M	12.05M
Property, Plant & Equipment	3.08M	2.49M	2.11M	1.93M	4.04M	5.78M	6.41M	6.02M	6.08M	6.23M
Fixed Asset Turnover	4.67x	4.84x	6.92x	12.95x	6.98x	5.58x	9.66x	11.54x	13.58x	13.31x
Goodwill	9.76K	9.76K	9.76K	9.76K	9.76K	9.76K	0	0	9.76K	0
Intangible Assets	332.06K	163.14K	4.67M	3.67M	2.67M	6.03M	4.16M	2.63M	1.74M	881.35K
Long-Term Investments	0	0	0	0	0	0	0	0	0	0
Other Non-Current Assets	202.85K	200.81K	157.56K	306.76K	404.06K	368.08K	345.36K	355.36K	355.36K	357.88K
Total Assets+	68.36M	69.51M	67.44M	68.22M	61.56M	82.67M	133.68M	97.91M	106.93M	107.21M
Asset Turnover	0.21x	0.17x	0.22x	0.37x	0.46x	0.39x	0.46x	0.71x	0.77x	0.77x
Asset Growth %	0.12%	0.02%	-0.03%	0.01%	-0.1%	0.34%	0.62%	-0.27%	0.09%	0%
Total Current Liabilities+	59.24M	60.5M	54.31M	58.5M	51.71M	63.47M	112.46M	81.62M	89.23M	84.95M
Accounts Payable	143.18K	145.04K	300.74K	308.18K	419.85K	851.35K	1.4M	858.62K	1.03M	1.26M
Days Payables Outstanding	5.55	6.38	10.16	5.78	6.89	12.49	11.04	5.72	5.88	7.25
Short-Term Debt	0	0	0	0	0	346.91K	54.76K	56.43K	107.27K	147.58K
Deferred Revenue (Current)	0	0	0	20K	123.53K	66.57K	1000K	1000K	1000K	1000K
Other Current Liabilities	59.07M	60.06M	53.61M	57.99M	49.96M	61.85M	107.42M	75.57M	82.62M	78.54M
Current Ratio	1.07x	1.07x	1.09x	1.04x	1.03x	1.09x	1.08x	1.07x	1.09x	1.12x
Quick Ratio	0.76x	0.81x	0.81x	0.82x	1.03x	1.09x	1.07x	1.06x	1.09x	1.12x
Cash Conversion Cycle	719.84	722.63	523.93	252.68	-	22.51	21.73	20.64	21.12	23.9
Total Non-Current Liabilities+	0	0	0	79.75K	2.28M	2.5M	2.55M	2.35M	2.64M	3.11M
Long-Term Debt	0	0	0	0	0	0	71.43K	14.99K	718.98K	571.86K
Capital Lease Obligations	0	0	0	0	2.28M	2.5M	2.48M	2.34M	1.92M	2.53M
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	0	0	0	79.75K	0	0	0	0	0	0
Total Liabilities	59.24M	60.5M	54.31M	58.58M	53.99M	65.96M	115.01M	83.98M	91.87M	88.05M
Total Debt+	0	0	0	0	2.64M	2.84M	3.11M	3.03M	3.38M	3.87M
Net Debt	-4.06M	-4.12M	-4.8M	-2.7M	498.22K	-2.17M	-4.15M	-2.68M	-3.78M	-4.19M
Debt / Equity	-	-	-	-	0.35x	0.17x	0.17x	0.22x	0.22x	0.20x
Debt / EBITDA	-	-	-	-	-	-	1.25x	-	21.25x	4.88x
Net Debt / EBITDA	-2.81x	-	-	-	-	-	-1.67x	-	-23.75x	-5.28x
Interest Coverage	-	-	-	-	-	-	-36.02x	-1287.20x	-369.57x	-27.33x
Total Equity+	9.12M	9.01M	13.12M	9.63M	7.57M	16.7M	18.67M	13.93M	15.07M	19.16M
Equity Growth %	0.3%	-0.01%	0.46%	-0.27%	-0.21%	1.21%	0.12%	-0.25%	0.08%	0.27%
Book Value per Share	0.76	1.15	1.46	0.79	0.58	1.08	0.93	0.68	0.75	0.71
Total Shareholders' Equity	9.12M	9.01M	13.12M	9.63M	7.57M	16.7M	18.67M	13.93M	15.07M	19.16M
Common Stock	185.53K	181.82K	186.3K	185.56K	186.66K	194.69K	195.24K	195.47K	197.09K	198.32K
Retained Earnings	-49.05M	-50.25M	-53.26M	-57.04M	-62.15M	-65.06M	-65.38M	-70.86M	-71.34M	-68.03M
Treasury Stock	-286.39K	-718.15K	-831.06K	-1.81M	-1.89M	-2.17M	-2.4M	-3.75M	-4.36M	-5.77M
Accumulated OCI	-1.51M	-2.25M	-3.01M	-3.89M	0	-5.93M	0	0	-6.91M	0
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	2.09M	848.44K	-110.28K	-2.76M	-3.73M	6.29M	29.78M	-17.04M	3.51M	2.9M
Operating CF Margin %	0.15%	0.07%	-0.01%	-0.11%	-0.13%	0.2%	0.48%	-0.25%	0.04%	0.03%
Operating CF Growth %	-0.93%	-0.59%	-1.13%	-24%	-0.35%	2.69%	3.73%	-1.57%	1.21%	-0.17%
Net Income	1.02M	-1.2M	-3.01M	-3.78M	-5.12M	-2.91M	-321.63K	-5.48M	-475.1K	3.31M
Depreciation & Amortization	496.37K	901.6K	1.26M	1.88M	2.02M	1.52M	2.64M	2.74M	2.08M	2.26M
Stock-Based Compensation	1.28M	1.31M	968.14K	1.25M	1.29M	1.48M	1.49M	2.07M	2.19M	2.09M
Deferred Taxes	0	5.78K	227K	45.23K	0	0	-110K	0	0	-3.08M
Other Non-Cash Items	-163.94K	209.71K	111.87K	7.91K	144.69K	35.94K	187.89K	20.96K	-123.56K	18.34K
Working Capital Changes	-533.69K	-386.79K	333.37K	-2.16M	-2.08M	6.17M	25.9M	-16.38M	-165.55K	-1.71M
Change in Receivables	-98.17K	227.63K	-133.59K	-244.68K	-59.65K	-905.9K	-2.27M	607.85K	-1.19M	-984.11K
Change in Inventory	-19.86K	7.09K	-34.92K	0	0	-8.33K	-258.07K	-72.82K	84.55K	19.01K
Change in Payables	-416.92K	-623.55K	458.63K	389.38K	619.5K	534.89K	1.41M	853.97K	252.69K	-208.68K
Cash from Investing+	-785.57K	-355.55K	-1.82M	-698.11K	-647.38K	-6.76M	-1.27M	-812.24K	-834.96K	-944.38K
Capital Expenditures	-785.57K	-155.55K	-372.34K	-703.11K	-647.38K	-855.39K	-1.27M	-812.24K	-834.96K	-991.88K
CapEx % of Revenue	0.05%	0.01%	0.03%	0.03%	0.02%	0.03%	0.02%	0.01%	0.01%	0.01%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	0	-200K	-550K	5K	0	0	0	0	0	47.5K
Cash from Financing+	-48.24K	-431.75K	2.61M	-982.49K	1.72M	9.98M	887.46K	-1.4M	6.06M	-5.14M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	0	0	0	0	0	0	0	0	6.57M	-3.73M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	1.3M	692.89K	-482.61K	-3.46M	-4.38M	5.44M	28.51M	-17.85M	2.67M	1.9M
FCF Margin %	0.09%	0.06%	-0.03%	-0.14%	-0.16%	0.17%	0.46%	-0.26%	0.03%	0.02%
FCF Growth %	-0.95%	-0.47%	-1.7%	-6.17%	-0.27%	2.24%	4.24%	-1.63%	1.15%	-0.29%
FCF per Share	0.11	0.09	-0.05	-0.29	-0.34	0.35	1.42	-0.88	0.13	0.07
FCF Conversion (FCF/Net Income)	2.06x	-0.71x	0.04x	0.73x	0.73x	-2.17x	-92.61x	3.11x	-7.38x	0.88x
Interest Paid	0	0	0	0	0	0	4.31K	4.05K	5.2K	53.8K
Taxes Paid	32.37K	48.16K	45K	49K	82.21K	93.53K	116.2K	269.5K	116.2K	290.14K

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	12.59%	-13.2%	-27.19%	-33.18%	-59.48%	-23.95%	-1.82%	-33.64%	-3.28%	19.32%
Return on Invested Capital (ROIC)	14.05%	-20.52%	-32.21%	-37.1%	-50.61%	-24.93%	-0.8%	-30.35%	-12.79%	-8.4%
Gross Margin	34.51%	31.33%	25.86%	22.26%	21.1%	22.87%	25.24%	21.02%	22.52%	23.65%
Net Margin	7.07%	-9.91%	-20.65%	-15.09%	-18.14%	-9.01%	-0.52%	-7.9%	-0.58%	3.99%
Debt / Equity	-	-	-	-	0.35x	0.17x	0.17x	0.22x	0.22x	0.20x
Interest Coverage	-	-	-	-	-	-	-36.02x	-1287.20x	-369.57x	-27.33x
FCF Conversion	2.06x	-0.71x	0.04x	0.73x	0.73x	-2.17x	-92.61x	3.11x	-7.38x	0.88x
Revenue Growth	7.36%	-16.02%	20.66%	71.74%	12.69%	14.37%	92.06%	12.09%	18.96%	0.41%

Revenue by Segment

	2020	2021	2022	2023	2024
Credit Card Revenue	2.12M	5.72M	1.95M	28.48M	29.27M
Credit Card Revenue Growth	-	169.33%	-65.97%	1362.56%	2.78%
Output Solutions	1.16M	13.63M	3.61M	20.5M	20.62M
Output Solutions Growth	-	1075.16%	-73.49%	467.12%	0.60%
ACH and Complementary Service Revenue	-872.27K	6.96M	-650.18K	14.89M	16.68M
ACH and Complementary Service Revenue Growth	-	898.04%	-109.34%	2389.97%	12.02%
Prepaid Card Services Revenue	1.64M	3.38M	2.58M	18.73M	14.08M
Prepaid Card Services Revenue Growth	-	105.94%	-23.73%	627.35%	-24.82%

Frequently Asked Questions

Valuation & Price

Usio, Inc. (USIO) has a price-to-earnings (P/E) ratio of 11.4x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Usio, Inc. (USIO) reported $83.7M in revenue for fiscal year 2024. This represents a 1639% increase from $4.8M in 2011.

Usio, Inc. (USIO) grew revenue by 0.4% over the past year. Growth has been modest.

Usio, Inc. (USIO) reported a net loss of $0.4M for fiscal year 2024.

Dividend & Returns

Usio, Inc. (USIO) has a return on equity (ROE) of 19.3%. This is reasonable for most industries.

Usio, Inc. (USIO) generated $11.3M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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