Usio (USIO) Q3 2026 earnings summary

Executive summary

• Q3 revenue rose 12% YoY to $23.8M; gross profit increased 18%, and Adjusted EBITDA rose 222% to $1.19M. GAAP net income was $217K versus a $415K loss.

• For 9M 2026, revenue increased 15% to $72.9M and net income was $620K versus a $1.0M loss; Adjusted EBITDA rose to $3.11M from $1.54M.

• Payment dollars processed rose 25% to $2.73B and transactions increased 27% to 20.7M; ACH transaction volume set a sixth consecutive quarterly record.

Financial highlights

• Q3 operating income was $279K versus a $464K loss YoY; 9M operating income was $881K versus a $1.1M loss.

• Q3 gross profit increased 18% to $5.7M; 9M gross profit rose 12% to $16.6M.

• Q3 basic and diluted EPS were $0.01 versus $(0.02); 9M EPS was $0.02 versus $(0.04).

Outlook and guidance

• Reiterated FY2026 revenue growth guidance of 14%–16% and expects record full-year Adjusted EBITDA.

• Ion customer-fund settlement pilot is planned with a friendly customer; broader customer groups could be added in Q1 2027.

• Harris implementations could contribute in 2027, subject to lengthy utility and government procurement, integration and conversion cycles.

• New prepaid card contracts are being onboarded through 2026 and are expected to support meaningful revenue growth in 2027.

• New presorting equipment is expected to scale in-house processing, improve postage rates and eliminate outsourced presorting fees.