Usio (USIO) Q4 2025 earnings summary

Executive summary

• Achieved record full-year revenues of $85.4 million in 2025, up 3% year-over-year, with the highest revenue in company history and strong second-half improvement.

• Processing volume increased 19% and transactions processed rose 30% for the year.

• Revenue growth was led by ACH and card businesses, with ACH as the fastest-growing segment.

• Implemented strategic initiatives such as Usio One and completed the acquisition of PostCredit to drive cross-selling and expand business banking solutions.

• Ended 2025 with positive adjusted EBITDA and operating cash flow, despite a net loss for the year.

Financial highlights

• Revenues grew 8% in Q4 year-over-year and 3% for the full year; excluding interest, product and service revenues rose 4%.

• Full-year gross profit was $19.7 million, up 0.4% from 2024; gross margin declined to 23.1% from 23.7%.

• Net loss for 2025 was $2.5 million, or $(0.09) per share, compared to net income of $3.3 million in 2024.

• Adjusted EBITDA for 2025 was $1.3 million, down from $2.9 million in 2024, but positive for the third consecutive year.

• Operating cash flow for the year was $1.5 million.

Outlook and guidance

• Guidance for 2026 anticipates 10%-12% revenue growth and continued positive adjusted EBITDA, with growth expected to be back-end weighted as major new programs go live in Q3 and Q4.

• Strong pipeline and numerous deals in implementation provide confidence in meeting guidance.