Filing Flows › Usio (USIO) › Q1 2025
Usio (USIO) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 14, 2025
Usio (USIO) reported revenue of $22.0M for the first quarter 2025 (Q1 2025), +5% from a year earlier and +7% from the quarter before. Operating margin was -1.1%, net loss $235K (1.1% of revenue).
Usio, Q1 2025: revenue $22.0M (+5% year over year), operating margin -1.1%, net loss $235K, operating cash flow $1.4M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $22.0M | +7% | +5% |
| Operating profit | −$240K | — | — |
| Net earnings | −$235K | -137% | — |
| Operating cash flow | $1.4M | -87% | 15× |
| Free cash flow | $1.1M | -90% | — |
What changed
Revenue was $22.0M in Q1 2025, up 5% year over year and up 7% from the previous quarter. Credit Card Revenue was the largest line at 36% of revenue. ACH and Complementary Service Revenue added $1.2M year over year (up 30%), 112% of the total change. Prepaid Card Services Interest Revenue declined 55%.
Gross margin was 21.9%, down 1.3 points from a year earlier. Operating costs exceeded revenue by $240K, an operating margin of -1.1%. Operating expenses fell 2% while revenue rose 5%. The quarter ended with a net loss of $235K, after a profit of $629K the previous quarter. Non-operating items added $67K, -39% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $1.4M (up 1450% year over year). Non-cash charges added back $496K of depreciation and amortization and $410K of share-based compensation. Working capital and other items added $703K. Capital expenditures of $313K left free cash flow of $1.1M.
Questions
What was Usio's revenue in the first quarter 2025?
Usio (USIO) reported revenue of $22.0M for the first quarter 2025 (Q1 2025), +5% from a year earlier and +7% from the quarter before.
Was Usio profitable in the first quarter 2025?
Operating loss was $240K (-1.1% of revenue) and net loss $235K.
Source: Usio 10-Q on SEC EDGAR.