Form 8-K

8-K — Usio, Inc.

Accession: 0001437749-26-016711

Filed: 2026-05-13

Period: 2026-05-13

CIK: 0001088034

SIC: 6099 (FUNCTIONS RELATED TO DEPOSITORY BANKING, NEC)

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

8-K — usio20260409_8k.htm (Primary)

EX-99.1 — EXHIBIT 99.1 (ex_943866.htm)

GRAPHIC (logo01.jpg)

XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K — FORM 8-K

8-K (Primary)

Filename: usio20260409_8k.htm · Sequence: 1

usio20260409_8k.htm

false

0001088034

2026-05-13

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): May 13, 2026

USIO, INC.

(Exact name of registrant as specified in its charter)

Nevada

000-30152

98-0190072

(State or other jurisdiction

(Commission

(IRS Employer

of incorporation)

File Number)

Identification No.)

3611 Paesanos Parkway, Suite 300, San Antonio, TX

78231

(Address of principal executive offices)

(Zip Code)

(210) 249-4100

(Registrant’s telephone number, including area code)

Not applicable.

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading symbol(s)

Name of each exchange on which registered

Common stock, par value $0.001 per share

USIO

The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2). Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition.

On May 13, 2026, Usio, Inc. issued a press release announcing financial results for its quarter ended March 31, 2026. The full text of the press release is furnished as Exhibit 99.1. The information furnished in Exhibit 99.1 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liability of that Section.

This report contains forward-looking statements. Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions or any other statements related to its future activities or future events or conditions. These forward-looking statements are identified by the use of words such as “believe,” “expect,” “project,” “anticipate,” “target,” and “launch,” or similar expressions including statements about commercial operations, technology progress, growth and future financial performance of the Company. Forward-looking statements in this report are subject to certain risks and uncertainties inherent in the Company’s business that could cause actual results to vary, including such risks that the Company’s security applications may be insufficient; the Company’s ability to adapt to rapid technological change; adverse effects on the Company’s relationships with Automated Clearing House, bank sponsors and credit card associations; the Company’s ability to comply with federal or state regulations; the Company’s exposure to credit risks, data breaches, fraud or software failures, the uncertainty caused by the pandemic and other risks detailed from time to time in the Company’s filings with the Securities and Exchange Commission, including its annual report on Form 10-K for the year ended December 31, 2024. 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. Any forward-looking statement speaks only as of the date as of which such statement is made, and, except as required by law, the Company undertakes no obligation to update any forward-looking statement to reflect events or circumstances, including unanticipated events, after the date as of which such statement was made.

Item 9.01 Financial Statements and Exhibits.

99.1

Press Release issued by Usio, Inc., dated May 13, 2026. (filed herewith)

104

Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Usio, Inc.

(Registrant)

Date: May 13, 2026

/s/ Louis A. Hoch

Name: Louis A. Hoch

Title: Chief Executive Officer

EX-99.1 — EXHIBIT 99.1

EX-99.1

Filename: ex_943866.htm · Sequence: 2

ex_943866.htm

Exhibit 99.1

Usio Announces First Quarter 2026 Financial Results

Revenue Up 16%, Beats Consensus by 9%

Adjusted EBITDA1 of $0.8 Million Beats Consensus by 12%

All-time Record Quarterly Revenue, Processing Volume and Transactions

Total payment dollars processed through all payment channels up 28% versus the prior year period

SAN ANTONIO, May 13, 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 first quarter ended March 31, 2026.

Louis Hoch, President and Chief Executive Officer of Usio, said, “It was a record start to the new year, affirming our belief that the momentum coming out of our record 2025 would provide a strong tailwind for continued growth and profitability. All of our key performance metrics were at record levels in the first quarter, with revenues up 16%, the fastest rate of revenue growth in nine quarters. Total processing volume and transactions also set new records, which is an impressive encore to the prior quarter where we set many of the previous all-time records. The strength of our business is broad based, with better than 20% growth in ACH and credit card, and nearly the same in Output Solutions, which was up 19%. This strong growth, coupled with our fiscal discipline, led to a significant year-over-year improvement in the bottom line as well as positive operating cash flow, and a further improvement in our balance sheet and liquidity. The implementation of our Usio One strategy, our growing reputation in the payments industry, and the innovative technologies integrated into our diversified businesses are increasingly taking hold, providing us with confidence in our expectation of achieving another year of profitable, double-digit growth in fiscal 2026.”

Results in the first quarter were led by a $1.8 million, or 23%, increase in credit card revenues. Volumes were up strongly, with dollars processed up 16% and transactions processed up 22% from a year ago. Credit card results increasingly reflect the strength of our PayFac business, which now accounts for nearly 80% of total credit card segment revenues, and has consistently grown revenues at double digit rates. We expect this to be the new growth trajectory of our credit card business. ACH, our highest margin business, had another record quarter with strong volumes driving revenues up 25%. ACH revenue growth was primarily attributable to an increase in ACH and PINLess debit volume from net, new business and organic growth. ACH set new processing volume records with electronic check dollar volume increasing 31%, transactions growing 34% and returned check transactions up 54%, all as compared to the same period last year. PINless debit also set quarterly all-time records as transactions and dollars processed were up 23% and 36%, respectively, from the same period a year ago, driven by growth in the mortgage servicing and fintech industries.

Output Solutions generated accelerating revenue growth, with revenues up 19% in the quarter, a strong sequential improvement from the previous quarter’s 8% growth. Volumes were at record levels with highly profitable electronic documents processed and delivered up 41% for the first quarter of 2026 compared to the same quarter of 2025.

For the quarter, gross profits were up over 6%, although gross margins were somewhat softer in the quarter, primarily attributable to a decrease in interest revenue (which has a 100% margin) and revenue mix. Margins are expected to improve over the balance of the year. Total selling, general and administrative expenses, inclusive of depreciation and amortization and stock-based compensation ("Total SG&A Expenses"), were down over $130,000 from the year ago period, although the line item "SG&A," consisting of selling, general and administrative expenses only, was up modestly from the year ago quarter. On a sequential basis, SG&A was reduced by $700,000 and is now at a level that is not expected to materially increase this year. For the quarter ended March 31, 2026, the Company reported net income of approximately $0.1 million, or $0.00 per share, compared to a net loss of ($0.2) million, or ($0.01) per share, for the first quarter of 2025. Note that there were no extraordinary items that contributed to the first quarter 2026 net income as calculated in accordance with the United States generally accepted accounting principles ("GAAP"). Adjusted EBITDA1 was $0.8 million for the first quarter of 2026, up compared to $0.7 million in the same quarter a year ago. Operating cash flow for the quarter was $0.9 million, representing the continued strength of our business. The Company used approximately $235,000 to repurchase 182,000 shares of its common stock. Cash increased $0.3 million over the quarter and was in excess of $7.7 million at March 31, 2026.

1 Please see reconciliation of GAAP to Non-GAAP Financial Measures below

Quarterly Processing and Transaction Volumes

Total payment dollars processed through all payment channels in the first quarter of 2026 were $2.50 billion, an improvement of 28% over the $1.96 billion processed in last year's first quarter. Total payment transactions processed in the first quarter of 2026 were 16.8 million, an increase of 22% over the same quarter of last year.

Our credit card segment continues to grow, where dollars processed were up 16% and transactions processed were up 22% from a year ago. In the first quarter of 2026, ACH electronic check transaction volume was up 34%, electronic check dollars processed were up 31% and return check transactions processed were up 54%, in each case, compared to the same quarter of 2025. In our prepaid card services business unit, card load volume was down 19%, transactions processed down 16% and purchase volume down 7% for the first quarter of 2026, in each case, compared to the same quarter of 2025. Output Solutions pieces processed and mailed were up 31% while electronic documents processed and delivered were up 41% for the first quarter of 2026, in each case, compared to the same quarter of 2025.

First Quarter 2026 Revenue Detail

Revenues for the quarter ended March 31, 2026 were $25.5 million, up 16% from $22.0 million in the prior year quarter, due primarily to increases in all of our business lines, excluding prepaid card services and interest revenues.

Three Months Ended March 31,

2026

2025

$ Change

% Change

ACH and complementary services

6,293,066

5,044,517

1,248,549

Credit card

9,710,324

7,878,694

1,831,630

Prepaid card services

2,373,201

2,907,451

(534,250

)

(18

Output Solutions

6,805,314

5,732,867

1,072,447

Interest - ACH and complementary services

122,201

224,129

(101,928

)

(45

Interest - Prepaid card services

118,029

182,661

(64,632

)

(35

Interest - Output Solutions

43,639

38,731

4,908

Total Revenue

25,465,774

22,009,050

3,456,724

Gross profit for the first quarter of 2026 was $5.1 million, up versus $4.8 million in the first quarter of 2025. Gross margins (defined as gross profit as a percentage of revenues) were 20.2% in the first quarter of 2026, down versus 21.9% in 2025. This was primarily due to lower interest revenues, a high margin revenue source, and revenue mix.

Total SG&A Expenses for the first quarter of 2026, were $4.9 million, down from over $5.0 million in the year ago quarter primarily due to lower depreciation and amortization and stock-based compensation expense. SG&A was $4.4 million for the quarter ended March 31, 2026, compared to $4.1 million in the prior year period. This increase was primarily related to increases in salary alongside increases in network infrastructure and professional fees.

For the first quarter of 2026, we reported operating income of $0.2 million compared to an operating loss of ($0.2) million for the same quarter a year ago primarily due to increased revenues and gross profits, alongside a decrease in Total SG&A Expenses. Adjusted EBITDA1 was $0.8 million for the first quarter of 2026, compared to Adjusted EBITDA1 of $0.7 million for the same quarter a year ago. Net income in the quarter ended March 31, 2026 was approximately $0.1 million, or $0.00 per share, compared to a net loss of ($0.2) million, or ($0.01) per share, for the same period in the prior year.

Operating Cash Flows declined to $0.9 million for the three months ended March 31, 2026, as compared to $1.4 million in the same period a year ago. The year ago period benefited from an approximately $1.5 million tax refund. Additionally, prepaid expenses and accounts receivable March 31, 2026 were up as compared to December 31, 2025.

We believe we continue to be in solid financial condition. Cash and cash equivalents as of March 31, 2026 were $7.7 million, a $0.3 million increase over cash and cash equivalents as of December 31, 2025, even after the use of over $230,000 to repurchase 182,000 shares of our common stock during the first quarter of 2026.

1 Please see reconciliation of GAAP to Non-GAAP Financial Measures below

Conference Call and Webcast

Usio's management will host a conference call on Wednesday, May 13, 2026, at 4:30 pm Eastern time to review financial results and provide a business update. To listen to the conference call, interested parties within the U.S. should call +1-844-833-3890. 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/investors.

A replay of the call will be available approximately one hour after the end of the call through June 13, 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 4785914.

About Usio, Inc.

Usio, Inc. (Nasdaq: USIO), a leading, cloud-based, integrated FinTech electronic payment solutions provider, offers a wide range of payment solutions to merchants, billers, banks, service bureaus, integrated software vendors and card issuers. The Company operates credit, debit/prepaid, and ACH payment processing platforms to deliver convenient, world-class payment solutions and services to clients through its unique payment facilitation platform as a service. 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 card issuing sector.

Usio is headquartered in San Antonio, Texas, and has offices in Austin, Texas. Websites: www.usio.com and www.akimbocard.com.

Find us on LinkedIn, Facebook® and Twitter.

Comparisons

Unless otherwise indicated, all comparisons and growth rates represent year-over-year comparisons, with the quarterly period of this year compared to the corresponding quarter of the prior year.

About Non-GAAP Financial Measures

This press release includes the non-GAAP financial measures, as defined in Regulation G adopted by the Securities and Exchange Commission, of EBITDA, Adjusted EBITDA, and Adjusted EBITDA margins. The Company reports its financial results in compliance with GAAP, but believes that also discussing non-GAAP financial measures is useful to investors because 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-based compensation 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.

Management believes presenting EBITDA, Adjusted EBITDA, and Adjusted EBITDA margins is 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, net income, or cash provided by (used in) operating activities, 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 financial measures in isolation or as substitutes for analysis of our operating results as reported under GAAP.

1 Please see reconciliation of GAAP to Non-GAAP Financial Measures below

FORWARD-LOOKING STATEMENTS DISCLAIMER

Except for the historical information contained herein, this release contains forward-looking statements that are made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements regarding management's intentions, beliefs, expectations, and strategies for the future, including statements regarding the Company’s operating and growth strategies. Forward-looking statements can be identified by words such as "believe," "intend," "look forward," "anticipate," "schedule," "expect," and similar expressions.

These forward-looking statements are subject to risks and uncertainties inherent in the Company's business that could cause actual results to differ materially from those expressed or implied. Such risks and uncertainties include, among others, risk relating to economic conditions; the realization of anticipated benefits from the PostCredit acquisition; the Company’s ability to manage growth; the loss of key resellers; relationships with the Automated Clearing House network, bank sponsors, third-party card processing providers, and merchants; the security of the Company’s software, hardware, and information systems; volatility in the Company’s stock price; the need for additional financing; risks associated with new tax legislation; and compliance with complex federal, state, and local laws and regulations, as well as other risks described from time to time in the Company's filings with the Securities and Exchange Commission, including 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 management’s plans and projections. Although the Company believes that the assumptions underlying the forward-looking statements are reasonable, undue reliance should not be placed on such statements which speak as of the date hereof. The Company undertakes no obligation to update or revise 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

March 31, 2026

December 31, 2025

(Unaudited)

ASSETS

Cash and cash equivalents

7,728,795

7,434,051

Settlement processing assets

69,522,444

74,180,475

Prepaid card load assets

15,466,828

27,623,728

Customer deposits

2,239,829

2,281,220

Accounts receivable, net

5,418,653

5,274,586

Inventory

392,873

461,675

Prepaid expenses and other

1,903,690

1,359,382

Merchant reserves

4,617,537

4,795,537

Total current assets

107,290,649

123,410,654

Property and equipment, net

4,545,252

4,157,393

Other assets:

Intangibles, net

9,759

Deferred tax asset, net

4,459,144

4,526,228

Operating lease right-of-use assets

3,524,650

2,423,231

Other assets

362,949

Total other assets

8,356,502

7,322,167

Total Assets

120,192,403

134,890,214

LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:

Accounts payable

1,275,061

880,590

Accrued expenses

4,052,640

3,326,445

Operating lease liabilities, current portion

756,708

639,805

Equipment loan, current portion

337,544

289,317

Settlement processing obligations

69,522,444

74,180,475

Prepaid card load obligations

15,466,828

27,623,728

Customer deposits

2,239,829

2,281,220

Current liabilities before merchant reserve obligations

93,651,054

109,221,580

Merchant reserve obligations

4,617,537

4,795,537

Total current liabilities

98,268,591

114,017,117

Non-current liabilities:

Equipment loan, net of current portion

987,996

1,074,711

Operating lease liabilities, net of current portion

2,790,905

1,885,983

Total liabilities

102,047,492

116,977,811

Stockholders' equity:

Preferred stock, $0.01 par value, 10,000,000 shares authorized; -0- shares outstanding at March 31, 2026 (unaudited) and December 31, 2025

—

Common stock, $0.001 par value, 200,000,000 shares authorized; 31,667,305 and 31,562,178 issued, and 27,672,168 and 27,729,704 outstanding at March 31, 2026 (unaudited) and December 31, 2025, respectively

31,667

31,562

Additional paid-in capital

102,455,703

102,363,590

Treasury stock, at cost; 3,995,137 and 3,832,474 shares at March 31, 2026 (unaudited) and December 31, 2025, respectively

(7,070,640

)

(6,837,181

)

Deferred compensation

(6,849,327

)

(7,100,573

)

Accumulated deficit

(70,422,492

)

(70,544,995

)

Total stockholders' equity

18,144,911

17,912,403

Total Liabilities and Stockholders' Equity

120,192,403

134,890,214

USIO, INC.

CONSOLIDATED STATEMENTS OF OPERATIONS

(UNAUDITED)

Three Months Ended March 31,

2026

2025

Revenues

25,465,774

22,009,050

Cost of services

20,328,891

17,199,907

Gross profit

5,136,883

4,809,143

Selling, general and administrative expenses:

Stock-based compensation

329,284

410,062

SG&A

4,356,142

4,142,895

Depreciation and amortization

225,745

495,770

Total selling, general and administrative

4,911,171

5,048,727

Operating income (loss)

225,712

(239,584

)

Other income (expense):

Interest income

91,491

79,011

Interest expense

(22,826

)

(11,843

)

Other income, net

68,665

67,168

Income (loss) before income taxes

294,377

(172,416

)

Federal income tax expense

67,084

—

State income tax expense

104,790

62,554

Income tax expense

171,874

62,554

Net income (loss)

122,503

(234,970

)

Income (loss) Per Share

Basic income (loss) per common share:

0.00

(0.01

)

Diluted income (loss) per common share:

0.00

(0.01

)

Weighted average common shares outstanding

Basic

27,748,037

26,615,947

Diluted

27,748,037

26,615,947

USIO, INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS

(UNAUDITED)

Three Months Ended March 31,

2026

2025

Operating Activities

Net income (loss)

122,503

(234,970

)

Adjustments to reconcile net income (loss) to net cash provided by operating activities:

Depreciation and Amortization

225,745

495,770

Deferred federal income tax

67,084

—

Employee stock-based compensation

329,284

410,062

Reserve for processing losses

18,000

355,595

Changes in operating assets and liabilities:

Accounts receivable

(144,067

)

484,023

Accounts receivable, tax credit

—

1,494,612

Prepaid expenses and other

(544,308

)

(143,539

)

Operating lease right-of-use assets

104,851

153,237

Inventory

68,802

55,303

Accounts payable and accrued expenses

1,102,666

(1,558,994

)

Operating lease liabilities

(184,445

)

(160,253

)

Merchant reserves

(178,000

)

35,000

Customer deposits

(41,391

)

(11,636

)

Net cash provided by operating activities

946,724

1,374,210

Investing Activities

Purchases of property and equipment

(398,072

)

(22,604

)

Capitalized labor for internal use software

(215,532

)

(290,650

)

Net cash (used in) investing activities

(613,604

)

(313,254

)

Financing Activities

Payments on equipment loan

(38,488

)

(36,110

)

Proceeds from issuance of common stock

14,180

11,515

Purchases of treasury stock

(233,459

)

(351,640

)

Assets held for customers

(16,814,931

)

3,953,121

Net cash provided by (used in) financing activities

(17,072,698

)

3,576,886

Change in cash, cash equivalents, settlement processing assets, prepaid card loads, customer deposits and merchant reserves

(16,739,578

)

4,637,842

Cash, cash equivalents, settlement processing assets, prepaid card loads, customer deposits and merchant reserves, beginning of year

116,315,011

87,618,491

Cash, Cash Equivalents, Settlement Processing Assets, Prepaid Card Loads, Customer Deposits and Merchant Reserves, End of Period

99,575,433

92,256,333

Supplemental disclosures of cash flow information

Cash paid during the period for:

Interest

22,826

11,843

Income taxes

—

Non-cash investing and financing activities:

Right of use assets obtained in exchange for operating lease liabilities

1,206,270

—

USIO, INC.

CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY

(UNAUDITED)

Common Stock

Additional Paid- In

Treasury

Deferred

Accumulated

Total Stockholders'

Amount

Capital

Stock

Compensation

Deficit

Equity

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

Issuance of common stock under equity incentive plan

94,700

77,943

—

78,038

Issuance of common stock under employee stock purchase plan

10,427

14,170

—

14,180

Deferred compensation amortization

—

251,246

—

251,246

Purchase of treasury stock, at cost

—

(233,459

)

—

(233,459

)

Net income for the period

—

122,503

Balance at March 31, 2026

31,667,305

31,667

102,455,703

(7,070,640

)

(6,849,327

)

(70,422,492

)

18,144,911

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

128,053

128

136,276

—

136,404

Issuance of common stock under employee stock purchase plan

7,887

11,507

—

11,515

Deferred compensation amortization

—

273,658

—

273,658

Purchase of treasury stock, at cost

—

(351,640

)

—

(351,640

)

Net loss for the period

—

(234,970

)

(234,970

)

Balance at March 31, 2025

30,038,355

30,038

99,992,655

(6,122,232

)

(6,640,905

)

(68,267,626

)

18,991,930

RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES

(UNAUDITED)

Three Months Ended March 31,

2026

2025

Reconciliation from Operating income (loss) to Adjusted EBITDA:

Operating income (loss)

225,712

(239,584

)

Depreciation and amortization

225,745

495,770

EBITDA

451,457

256,186

Non-cash stock-based compensation expense, net

329,284

410,062

Adjusted EBITDA

780,741

666,248

Calculation of Adjusted EBITDA margins:

Revenues

25,465,774

22,009,050

Adjusted EBITDA

780,741

666,248

Adjusted EBITDA margins

3.1

3.0

GRAPHIC

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Filename: R1.htm · Sequence: 9

v3.26.1

Document And Entity Information

May 13, 2026

Document Information [Line Items]

Entity, Registrant Name

USIO, INC.

Document, Type

8-K

Document, Period End Date

May 13, 2026

Entity, Incorporation, State or Country Code

Entity, File Number

000-30152

Entity, Tax Identification Number

98-0190072

Entity, Address, Address Line One

3611 Paesanos Parkway

Entity, Address, Address Line Two

Suite 300

Entity, Address, City or Town

San Antonio

Entity, Address, State or Province

Entity, Address, Postal Zip Code

78231

City Area Code

210

Local Phone Number

249-4100

Written Communications

false

Soliciting Material

false

Pre-commencement Tender Offer

false

Pre-commencement Issuer Tender Offer

false

Title of 12(b) Security

Common stock

Trading Symbol

USIO

Security Exchange Name

NASDAQ

Entity, Emerging Growth Company

false

Amendment Flag

false

Entity, Central Index Key

0001088034

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