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USIO logoUsio, Inc.(USIO)Earnings, Financials & Key Ratios

USIO•NASDAQ
$1.35
$37M mkt cap·Price updated May 6, 2026
SectorTechnologyIndustryIT ServicesSub-IndustryPayments Processing and Fintech Services
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$85M+3.0%
  • EBITDA-$298K-137.6%
  • Net Income-$3M-176.0%
  • EPS (Diluted)-0.09-177.8%
  • Gross Margin23.06%-2.5%
  • EBITDA Margin-0.35%-136.5%
  • Operating Margin-2.63%-48.3%
  • Net Margin-2.94%-173.8%
  • ROE-13.55%-170.2%
  • ROIC-12.04%-43.3%
  • Debt/Equity0.14-30.1%
  • Interest Coverage-43.10-57.7%
Technical→

USIO Key Insights

Usio, Inc. (USIO) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Strong 5Y sales CAGR of 21.5%

✗Weaknesses

  • ✗Weak 3Y average ROE of 0.8%
  • ✗Weak Piotroski F-Score: 3/9
  • ✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

USIO Price & Volume

Usio, Inc. (USIO) stock price & volume — 10-year historical chart

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USIO Growth Metrics

Usio, Inc. (USIO) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years19.5%
5 Years21.5%
3 Years7.14%
TTM3.78%

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM-176%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM-180.43%

Return on Capital

10 Years-20.9%
5 Years-11.53%
3 Years-9.69%
Last Year-10.41%

USIO Peer Comparison

Usio, Inc. (USIO) competitors in Payments Processing and Fintech Services — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
PRTH logoPRTHPriority Technology Holdings, Inc.Direct Competitor430.83M5.267.748.33%5.84%17.43%
RPAY logoRPAYRepay Holdings CorporationDirect Competitor303.9M3.45-1.15-1.21%-82.73%-46.64%29.98%0.91
EVTC logoEVTCEVERTEC, Inc.Direct Competitor1.8B28.1612.741913.07%2.2%4.44%100%1.39
FLYW logoFLYWFlywire CorporationDirect Competitor2.09B17.51159.1826.59%6.65%5.87%4.73%
FOUR logoFOURShift4 Payments, Inc.Product Competitor3.93B42.9014.1629.86%5.02%8.73%7.91%2.83
IIIV logoIIIVi3 Verticals, Inc.Product Competitor486.07M22.0039.29-7.29%7.33%3.22%0.77%0.01
CASS logoCASSCass Information Systems, Inc.Product Competitor607.85M47.0918.04-13.1%17.25%14.61%5.23%0.02
V logoVVisa Inc.Supply Chain611.6B318.8031.2511.34%50.14%58.9%3.53%0.66

Compare USIO vs Peers

Usio, Inc. (USIO) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs PRTH

Most directly comparable listed peer for USIO.

Scale Benchmark

vs V

Larger-name benchmark to compare USIO against a more recognizable public peer.

Peer Set

Compare Top 5

vs PRTH, RPAY, EVTC, FLYW

USIO Income Statement

Usio, Inc. (USIO) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Sales/Revenue14.57M25.02M28.2M32.25M61.94M69.43M82.59M82.93M85.39M
Revenue Growth %20.66%71.74%12.69%14.37%92.06%12.09%18.96%0.41%2.97%
Cost of Goods Sold10.8M19.45M22.25M24.88M46.31M54.84M63.99M63.32M65.7M
COGS % of Revenue74.14%77.74%78.9%77.13%74.76%78.98%77.48%76.35%76.94%
Gross Profit
3.77M▲ 0%
5.57M▲ 47.8%
5.95M▲ 6.8%
7.38M▲ 24.0%
15.63M▲ 111.9%
14.59M▼ 6.6%
18.6M▲ 27.4%
19.61M▲ 5.5%
19.69M▲ 0.4%
Gross Margin %25.86%22.26%21.1%22.87%25.24%21.02%22.52%23.65%23.06%
Gross Profit Growth %-0.39%47.8%6.82%23.98%111.94%-6.65%27.45%5.46%0.4%
Operating Expenses6.61M9.34M11.01M11.13M15.79M19.81M20.52M21.08M22.05M
OpEx % of Revenue45.33%37.34%39.05%34.52%25.49%28.53%24.85%25.42%25.82%
Selling, General & Admin5.35M7.47M8.99M9.61M1.49M17.07M18.44M2.09M0
SG&A % of Revenue36.7%29.84%31.88%29.81%2.41%24.59%22.33%2.52%-
Research & Development000000000
R&D % of Revenue---------
Other Operating Expenses1.58K-772.02M1.52M14.3M2.74M2.08M18.99M22.05M
Operating Income
-2.84M▲ 0%
-3.77M▼ 33.0%
-5.06M▼ 34.1%
-3.76M▲ 25.8%
-155.38K▲ 95.9%
-5.21M▼ 3255.9%
-1.92M▲ 63.1%
-1.47M▲ 23.5%
-2.24M▼ 52.7%
Operating Margin %-19.47%-15.08%-17.95%-11.65%-0.25%-7.51%-2.33%-1.77%-2.63%
Operating Income Growth %-108.52%-33.05%-34.14%25.8%95.86%-3255.9%63.13%23.52%-52.66%
EBITDA-1.58M-1.9M-3.04M-2.24M2.49M-2.48M159.03K792.96K-298.38K
EBITDA Margin %-10.84%-7.59%-10.78%-6.94%4.02%-3.57%0.19%0.96%-0.35%
EBITDA Growth %-244%-20.27%-60.12%26.37%211.15%-199.64%106.41%398.61%-137.63%
D&A (Non-Cash Add-back)1.26M1.88M2.02M1.52M2.64M2.74M2.08M2.26M1.95M
EBIT-2.84M-3.77M-5.06M-3.76M-147.46K-5.2M-177.38K732.09K-2.24M
Net Interest Income100.96K76.55K81.79K60.29K3.33K11.19K1.69M410.94K355.08K
Interest Income100.96K76.55K81.79K60.29K7.64K15.24K1.7M464.75K407.16K
Interest Expense00004.31K4.05K5.2K53.8K52.08K
Other Income/Expense102.55K76.47K49.14K873.79K3.61K11.19K1.74M2.15M245.08K
Pretax Income
-2.73M▲ 0%
-3.7M▼ 35.2%
-5.01M▼ 35.6%
-2.88M▲ 42.5%
-151.77K▲ 94.7%
-5.2M▼ 3328.3%
-182.58K▲ 96.5%
678.28K▲ 471.5%
-2M▼ 394.8%
Pretax Margin %-18.77%-14.78%-17.78%-8.94%-0.24%-7.49%-0.22%0.82%-2.34%
Income Tax274.32K77.78K101.89K23.11K169.86K280K292.52K-2.63M512.81K
Effective Tax Rate %-10.03%-2.1%-2.03%-0.8%-111.92%-5.38%-160.22%-387.33%-25.65%
Net Income
-3.01M▲ 0%
-3.78M▼ 25.5%
-5.12M▼ 35.5%
-2.91M▲ 43.2%
-321.63K▲ 88.9%
-5.48M▼ 1604.8%
-475.1K▲ 91.3%
3.31M▲ 795.7%
-2.51M▼ 176.0%
Net Margin %-20.65%-15.09%-18.14%-9.01%-0.52%-7.9%-0.58%3.99%-2.94%
Net Income Growth %-151.44%-25.49%-35.49%43.19%88.93%-1604.81%91.34%795.74%-176%
Net Income (Continuing)-3.01M-3.78M-5.12M-2.91M-321.63K-5.48M-475.1K3.31M-2.51M
Discontinued Operations000000000
Minority Interest000000000
EPS (Diluted)
-0.33▲ 0%
-0.31▲ 6.1%
-0.39▼ 25.8%
-0.19▲ 51.3%
-0.02▲ 91.5%
-0.27▼ 1577.0%
-0.02▲ 91.3%
0.12▲ 608.5%
-0.09▼ 177.8%
EPS Growth %-120%6.06%-25.81%51.28%91.53%-1577.02%91.26%608.47%-177.75%
EPS (Basic)-0.33-0.31-0.39-0.19-0.02-0.27-0.020.12-0.09
Diluted Shares Outstanding9M12.13M12.96M15.43M20.03M20.38M20.11M26.85M26.93M
Basic Shares Outstanding9M12.13M12.96M15.43M20.03M20.38M20.11M26.85M26.93M
Dividend Payout Ratio---------

USIO Balance Sheet

Usio, Inc. (USIO) balance sheet — assets, liabilities & shareholders' equity

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Total Current Assets59.1M60.91M53.05M69.09M121.26M87.41M97.24M95.16M123.41M
Cash & Short-Term Investments4.8M2.7M2.14M5.01M7.26M5.71M7.16M8.06M7.43M
Cash Only4.8M2.7M2.14M5.01M7.26M5.71M7.16M8.06M7.43M
Short-Term Investments000000000
Accounts Receivable1.12M1.32M1.27M2.86M4.98M4.37M5.56M6.55M5.27M
Days Sales Outstanding28.0519.316.4932.4129.3422.9824.5928.8222.55
Inventory14.98M12.75M0176.47K434.53K507.36K422.81K403.8K461.68K
Days Inventory Outstanding506.05239.16-2.593.423.382.412.332.56
Other Current Assets53.01M56.89M49.11M53.43M70.63M55.1M52.08M52.58M110.24M
Total Non-Current Assets8.33M7.31M8.51M13.58M12.42M10.5M9.69M12.05M11.48M
Property, Plant & Equipment2.11M1.93M4.04M5.78M6.41M6.02M6.08M6.23M6.58M
Fixed Asset Turnover6.92x12.95x6.98x5.58x9.66x11.54x13.58x13.31x12.98x
Goodwill9.76K9.76K9.76K9.76K009.76K00
Intangible Assets4.67M3.67M2.67M6.03M4.16M2.63M1.74M881.35K9.76K
Long-Term Investments000000000
Other Non-Current Assets157.56K306.76K404.06K368.08K345.36K355.36K355.36K357.88K362.95K
Total Assets
67.44M▲ 0%
68.22M▲ 1.2%
61.56M▼ 9.8%
82.67M▲ 34.3%
133.68M▲ 61.7%
97.91M▼ 26.8%
106.93M▲ 9.2%
107.21M▲ 0.3%
134.89M▲ 25.8%
Asset Turnover0.22x0.37x0.46x0.39x0.46x0.71x0.77x0.77x0.63x
Asset Growth %-2.99%1.16%-9.76%34.29%61.71%-26.76%9.21%0.26%25.82%
Total Current Liabilities54.31M58.5M51.71M63.47M112.46M81.62M89.23M84.95M114.02M
Accounts Payable300.74K308.18K419.85K851.35K1.4M858.62K1.03M1.26M880.59K
Days Payables Outstanding10.165.786.8912.4911.045.725.887.254.89
Short-Term Debt000346.91K54.76K56.43K107.27K147.58K639.8K
Deferred Revenue (Current)020K123.53K66.57K1.38M1.55M1.87M1.92M2.28M
Other Current Liabilities53.61M57.99M49.96M61.85M107.42M75.57M82.62M78.54M109.89M
Current Ratio1.09x1.04x1.03x1.09x1.08x1.07x1.09x1.12x1.08x
Quick Ratio0.81x0.82x1.03x1.09x1.07x1.06x1.09x1.12x1.08x
Cash Conversion Cycle523.93252.68-22.5121.7320.6421.1223.920.22
Total Non-Current Liabilities079.75K2.28M2.5M2.55M2.35M2.64M3.11M2.96M
Long-Term Debt000071.43K14.99K718.98K571.86K1.89M
Capital Lease Obligations002.28M2.5M2.48M2.34M1.92M2.53M1.89M
Deferred Tax Liabilities000000000
Other Non-Current Liabilities079.75K0000000
Total Liabilities54.31M58.58M53.99M65.96M115.01M83.98M91.87M88.05M116.98M
Total Debt002.64M2.84M3.11M3.03M3.38M3.87M2.53M
Net Debt-4.8M-2.7M498.22K-2.17M-4.15M-2.68M-3.78M-4.19M-4.91M
Debt / Equity--0.35x0.17x0.17x0.22x0.22x0.20x0.14x
Debt / EBITDA----1.25x-21.25x4.88x-
Net Debt / EBITDA-----1.67x--23.75x-5.28x-
Interest Coverage-----36.02x-1287.20x-369.57x-27.33x-43.10x
Total Equity
13.12M▲ 0%
9.63M▼ 26.6%
7.57M▼ 21.4%
16.7M▲ 120.7%
18.67M▲ 11.8%
13.93M▼ 25.4%
15.07M▲ 8.1%
19.16M▲ 27.1%
17.91M▼ 6.5%
Equity Growth %45.63%-26.59%-21.44%120.7%11.77%-25.36%8.14%27.13%-6.5%
Book Value per Share1.460.790.581.080.930.680.750.710.67
Total Shareholders' Equity13.12M9.63M7.57M16.7M18.67M13.93M15.07M19.16M17.91M
Common Stock186.3K185.56K186.66K194.69K195.24K195.47K197.09K198.32K31.56K
Retained Earnings-53.26M-57.04M-62.15M-65.06M-65.38M-70.86M-71.34M-68.03M-70.54M
Treasury Stock-831.06K-1.81M-1.89M-2.17M-2.4M-3.75M-4.36M-5.77M-6.84M
Accumulated OCI-3.01M-3.89M0-5.93M00-6.91M0-7.1M
Minority Interest000000000

USIO Cash Flow Statement

Usio, Inc. (USIO) cash flow — operating, investing & free cash flow history

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Cash from Operations-110.28K-2.76M-3.73M6.29M29.78M-17.04M3.51M2.9M1.51M
Operating CF Margin %-0.76%-11.02%-13.24%19.52%48.08%-24.54%4.25%3.49%1.77%
Operating CF Growth %-113%-2399.56%-35.42%268.63%373.19%-157.2%120.59%-17.43%-47.73%
Net Income-3.01M-3.78M-5.12M-2.91M-321.63K-5.48M-475.1K3.31M-2.51M
Depreciation & Amortization1.26M1.88M2.02M1.52M2.64M2.74M2.08M2.26M1.95M
Stock-Based Compensation968.14K1.25M1.29M1.48M1.49M2.07M2.19M2.09M1.74M
Deferred Taxes227K45.23K00-110K00-3.08M54.21K
Other Non-Cash Items111.87K7.91K144.69K35.94K187.89K20.96K-123.56K18.34K-32.05K
Working Capital Changes333.37K-2.16M-2.08M6.17M25.9M-16.38M-165.55K-1.71M313.81K
Change in Receivables-133.59K-244.68K-59.65K-905.9K-2.27M607.85K-1.19M-984.11K1.19M
Change in Inventory-34.92K00-8.33K-258.07K-72.82K84.55K19.01K-57.88K
Change in Payables458.63K389.38K619.5K534.89K1.41M853.97K252.69K-208.68K-304.53K
Cash from Investing-1.82M-698.11K-647.38K-6.76M-1.27M-812.24K-834.96K-944.38K-1.54M
Capital Expenditures-372.34K-703.11K-647.38K-855.39K-1.27M-812.24K-834.96K-991.88K-435.01K
CapEx % of Revenue2.56%2.81%2.3%2.65%2.06%1.17%1.01%1.2%0.51%
Acquisitions-900K00-5.91M00000
Investments---------
Other Investing-550K5K0000047.5K-1.1M
Cash from Financing2.61M-982.49K1.72M9.98M887.46K-1.4M6.06M-5.14M28.72M
Debt Issued (Net)0000126.19K-54.77K-56.99K-106.81K644.59K
Equity Issued (Net)1000K-982.49K1000K1000K761.26K-1000K-456.96K-1000K-975.94K
Dividends Paid000000000
Share Repurchases-112.91K-982.49K-71.91K-280.27K-238.74K-1.34M-456.96K-1.41M-1.07M
Other Financing0000006.57M-3.73M29.05M
Net Change in Cash
679.82K▲ 0%
-4.44M▼ 752.7%
-2.66M▲ 40.1%
9.51M▲ 457.8%
29.4M▲ 209.2%
-19.25M▼ 165.5%
8.73M▲ 145.4%
-3.19M▼ 136.6%
28.7M▲ 999.1%
Free Cash Flow
-482.61K▲ 0%
-3.46M▼ 616.8%
-4.38M▼ 26.6%
5.44M▲ 224.2%
28.51M▲ 424.2%
-17.85M▼ 162.6%
2.67M▲ 115.0%
1.9M▼ 28.7%
1.08M▼ 43.4%
FCF Margin %-3.31%-13.82%-15.53%16.86%46.03%-25.71%3.24%2.3%1.26%
FCF Growth %-169.65%-616.84%-26.61%224.18%424.21%-162.6%114.97%-28.75%-43.35%
FCF per Share-0.05-0.29-0.340.351.42-0.880.130.070.04
FCF Conversion (FCF/Net Income)0.04x0.73x0.73x-2.17x-92.61x3.11x-7.38x0.88x-0.60x
Interest Paid00004.31K4.05K5.2K53.8K0
Taxes Paid45K49K82.21K93.53K116.2K269.5K116.2K290.14K0

USIO Key Ratios

Usio, Inc. (USIO) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric2016201720182019202020212022202320242025
Return on Equity (ROE)-13.2%-27.19%-33.18%-59.48%-23.95%-1.82%-33.64%-3.28%19.32%-13.55%
Return on Invested Capital (ROIC)-20.52%-32.21%-37.1%-50.61%-24.93%-0.8%-30.35%-12.79%-8.4%-12.04%
Gross Margin31.33%25.86%22.26%21.1%22.87%25.24%21.02%22.52%23.65%23.06%
Net Margin-9.91%-20.65%-15.09%-18.14%-9.01%-0.52%-7.9%-0.58%3.99%-2.94%
Debt / Equity---0.35x0.17x0.17x0.22x0.22x0.20x0.14x
Interest Coverage------36.02x-1287.20x-369.57x-27.33x-43.10x
FCF Conversion-0.71x0.04x0.73x0.73x-2.17x-92.61x3.11x-7.38x0.88x-0.60x
Revenue Growth-16.02%20.66%71.74%12.69%14.37%92.06%12.09%18.96%0.41%2.97%

USIO Frequently Asked Questions

Usio, Inc. (USIO) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Usio, Inc. (USIO) reported $85.4M in revenue for fiscal year 2025. This represents a 153934% increase from $0.1M in 1999.

Usio, Inc. (USIO) grew revenue by 3.0% over the past year. Growth has been modest.

Usio, Inc. (USIO) reported a net loss of $2.5M for fiscal year 2025.

Dividend & Returns

Usio, Inc. (USIO) has a return on equity (ROE) of -13.6%. Negative ROE indicates the company is unprofitable.

Usio, Inc. (USIO) generated $1.08T in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

Explore More USIO

Usio, Inc. (USIO) financial analysis — history, returns, DCA and operating performance tools

Total Return Calculator

Historical returns with dividends reinvested

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DCA Calculator

Dollar cost averaging vs lump sum

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Dividend History

Yield, growth, payout safety & DRIP

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Earnings History

EPS trends, net income & profitability

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Price History

Long-term charts & historical price data

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Revenue History

Sales growth patterns & revenue breakdown

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Financial Ratios

30 years of market, efficiency and balance-sheet ratios

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Valuation

DCF intrinsic value, peer multiples & estimates

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