Filing Flows › Usio (USIO) › Q1 2026 › vs Q1 2025
Usio (USIO) Q1 2026 vs Q1 2025 (year over year)
Usio's revenue rose $3.5M (+16%) from $22.0M in Q1 2025 to $25.5M in Q1 2026. The biggest changes: Credit Card Revenue +$1.8M (+23%); ACH and Complementary Service Revenue +$1.2M (+25%); Output Solutions +$1.1M (+19%). Gross margin 20.2% against 21.9% (-1.7 pts).
Usio, Q1 2026: revenue $25.5M (+16% year over year), operating margin 0.9%, net earnings $123K, operating cash flow $947K. The chart draws each line against Q1 2025, the increases inside each band.
Margins
| Q1 2026 | Q1 2025 | Change | |
|---|---|---|---|
| Gross margin | 20.2% | 21.9% | -1.7 pts |
| Operating margin | 0.9% | -1.1% | +2.0 pts |
| Net margin | 0.5% | -1.1% | +1.5 pts |
| Free cash flow margin | 2.2% | 6.1% | -4.0 pts |
Every line
| Line | Q1 2026 | Q1 2025 | Change | % |
|---|---|---|---|---|
| Credit Card Revenue | $9.7M | $7.9M | $1.8M | +23% |
| Output Solutions | $6.8M | $5.7M | $1.1M | +19% |
| ACH and Complementary Service Revenue | $6.3M | $5.0M | $1.2M | +25% |
| Prepaid Card Services Revenue | $2.4M | $2.9M | −$534K | -18% |
| ACH and Complementary Service Interest Revenue | $122K | $224K | −$102K | -45% |
| Prepaid Card Services Interest Revenue | $118K | $183K | −$65K | -35% |
| Output Solutions Interest | $44K | $39K | $5K | +13% |
| Revenue | $25.5M | $22.0M | $3.5M | +16% |
| Gross profit | $5.1M | $4.8M | $328K | +7% |
| Cost of revenue | $20.3M | $17.2M | $3.1M | +18% |
| Operating profit | $226K | −$240K | $465K | — |
| Operating expenses | $4.9M | $5.0M | −$138K | -3% |
| Pre-tax earnings | $294K | −$172K | $467K | — |
| SG&A | $4.4M | $4.1M | $213K | +5% |
| Other operating costs | $555K | $906K | −$351K | -39% |
| Net earnings | $123K | −$235K | $357K | — |
| Income tax | $172K | $63K | $109K | +175% |
| Depreciation & amortization | $226K | $496K | −$270K | -54% |
| Share-based compensation | $329K | $410K | −$81K | -20% |
| Working capital & other | $269K | $703K | −$434K | -62% |
| Operating cash flow | $947K | $1.4M | −$427K | -31% |
| Free cash flow (OCF − capex) | $549K | $1.4M | −$803K | -59% |
| Capital expenditures | $398K | $23K | $375K | 18× |
Questions
How much did Usio's revenue grow year over year in Q1 2026?
Usio's revenue rose $3.5M (+16%) from $22.0M in Q1 2025 to $25.5M in Q1 2026.
What drove Usio's revenue change in Q1 2026?
Credit Card Revenue +$1.8M (+23%); ACH and Complementary Service Revenue +$1.2M (+25%); Output Solutions +$1.1M (+19%).