Usio (USIO) Q2 2026 earnings summary

Executive summary

• Q2 2026 revenue rose 19% year-over-year to $23.7 million, with strong growth in ACH, credit card, and Output Solutions, while prepaid card services declined.

• Net income for Q2 2026 was $0.3 million ($0.01 per share), reversing a net loss of $0.4 million in Q2 2025, driven by higher revenues and gross profits.

• Adjusted EBITDA for Q2 2026 was $1.1 million (4.8% margin), more than doubling year-over-year.

• Total payment dollars processed increased 27% to $2.47 billion, with transaction volumes also up 27%.

• Revenue has grown 7x since 2016, reaching $85.4 million in 2025, with Payment Facilitation and Card Issuing as key growth drivers.

Financial highlights

• Q2 2026 revenues: $23.7M (+19% YoY); six-month revenues: $49.1M (+17% YoY).

• Gross profit for Q2 2026 was $5.7 million (+11% YoY); gross margin was 24.2%, down from 25.8% due to revenue mix.

• Adjusted EBITDA for Q2 2026: $1.1M (4.8% margin); six-month Adjusted EBITDA: $1.9M (3.9% margin).

• Cash and equivalents at June 30, 2026: $6.4M; working capital: $9.7M.

• Operating income reached $0.4 million, compared to an operating loss of $0.4 million a year ago.

Outlook and guidance

• Full-year 2026 revenue growth guidance was raised to 14%-16%, up from 10%-12%, citing strong performance and outlook.

• Management expects continued revenue growth from ACH, credit card, and Output Solutions, with new client implementations and product launches anticipated to drive further gains.

• Investments in technology and product expansion, including PostCredit integration and Usio Ion, are expected to enhance cross-selling, retention, and margins.

• Lower interest rates may reduce future interest income.