Usio (USIO) Planet MicroCap Showcase: Toronto 2026 summary

Platform and go-to-market

• Full-channel payments platform supports checks, cards, ACH, FedNow, The Clearing House and pinless debit; 8M checks printed in 2025.

• Four divisions: payment facilitation (PayFac), ACH, card issuing and Output Solutions for first-class print and mail plus electronic document delivery.

• PayFac targets integrated software vendors, embedding payment services and sharing revenue; integrations create sticky relationships, with typical contracts of 3–5 years.

• Customers include Verizon, T-Mobile, major pharmaceutical companies and 200 U.S. cities, including 7 of the top 10; PracticeSuite embeds payments in its medical-office software.

Business performance and opportunities

• ACH gross margin is 70%; it set a record high in each of the prior six quarters. Six-month charted growth was 34% YoY; preannounced Q3 transactions grew 39%, dollars 26% and return checks 44% YoY.

• Card purchases rose 9% in H1 2026 vs. H1 2025 after tough comparisons and a reseller customer loss; school-choice programs covered 37 states and dispersed $1.3B in the prior 12 months.

• Five of the 37 state programs used cards; the rest used ACH. One additional state opportunity represents $1B, while one university is live and 23 more are in a reseller’s migration pipeline.

• Output Solutions H1 growth: 36% in printed and mailed documents and 45% in electronic delivery; its statements and invoices can connect recipients to processed payments.

• Usio One, launched in early 2025, consolidated sales, support and operations to enable cross-selling and operating leverage; Los Angeles County added print and payment services to an existing disbursement relationship.

Catalysts and outlook

• Usio Ion, acquired in November 2025, had four beta customers; the business banking platform is intended to settle funds into a wallet and offer payments, expense and accounts-payable tools.

• Ion could add $300M–$500M in deposits at full launch, beyond $80M–$100M already held in settlement funds; resulting interest income is expected to support profitability.

• Harris Computer selected the platform as a preferred payments provider, opening access to as many as 70,000 utility customers; implementation may take time, with the relationship positioned as a catalyst for next year.

• H1 2026 revenue was $49.1M, up 17% YoY; adjusted EBITDA improved 65%, net income swung positive by $1M and EPS improved $0.03 YoY.

• FY revenue growth guidance rose from 10%–12% at the start of the year to 14%–16% after Q2; focus remains on profit growth and operating leverage without substantial SG&A additions.