Filing Flows › Usio (USIO) › Q1 2026 › vs Q4 2025
Usio (USIO) Q1 2026 vs Q4 2025 (quarter over quarter)
Usio's revenue rose $3.2M (+14%) from $22.2M in Q4 2025 to $25.5M in Q1 2026. The biggest changes: Credit Card Revenue +$2.0M (+25%); Output Solutions +$1.4M (+25%); Prepaid Card Services Revenue −$201K (-8%). 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 Q4 2025, the increases inside each band.
Margins
| Q1 2026 | Q4 2025 | Change | |
|---|---|---|---|
| Gross margin | 20.2% | 21.9% | -1.7 pts |
| Operating margin | 0.9% | -5.7% | +6.5 pts |
| Net margin | 0.5% | -6.7% | +7.2 pts |
| Free cash flow margin | 2.2% | -0.2% | +2.3 pts |
Every line
| Line | Q1 2026 | Q4 2025 | Change | % |
|---|---|---|---|---|
| Credit Card Revenue | $9.7M | $7.7M | $2.0M | +25% |
| Output Solutions | $6.8M | $5.4M | $1.4M | +25% |
| ACH and Complementary Service Revenue | $6.3M | $6.1M | $175K | +3% |
| Prepaid Card Services Revenue | $2.4M | $2.6M | −$201K | -8% |
| ACH and Complementary Service Interest Revenue | $122K | $184K | −$62K | -34% |
| Prepaid Card Services Interest Revenue | $118K | $160K | −$42K | -26% |
| Output Solutions Interest | $44K | $44K | −$245 | -0.6% |
| Revenue | $25.5M | $22.2M | $3.2M | +14% |
| Gross profit | $5.1M | $4.9M | $263K | +5% |
| Cost of revenue | $20.3M | $17.4M | $3.0M | +17% |
| Operating profit | $226K | −$1.3M | $1.5M | — |
| Operating expenses | $4.9M | $6.1M | −$1.2M | -20% |
| Pre-tax earnings | $294K | −$1.2M | $1.5M | — |
| SG&A | $4.4M | $5.1M | −$723K | -14% |
| Other operating costs | $555K | $1.1M | −$498K | -47% |
| Net earnings | $123K | −$1.5M | $1.6M | — |
| Income tax | $172K | $312K | −$140K | -45% |
| Depreciation & amortization | $226K | $553K | −$327K | -59% |
| Share-based compensation | $329K | $500K | −$171K | -34% |
| Working capital & other | $269K | $542K | −$273K | -50% |
| Operating cash flow | $947K | $100K | $847K | +851% |
| Free cash flow (OCF − capex) | $549K | −$43K | $591K | — |
| Capital expenditures | $398K | $142K | $256K | +179% |
Questions
How much did Usio's revenue grow quarter over quarter in Q1 2026?
Usio's revenue rose $3.2M (+14%) from $22.2M in Q4 2025 to $25.5M in Q1 2026.
What drove Usio's revenue change in Q1 2026?
Credit Card Revenue +$2.0M (+25%); Output Solutions +$1.4M (+25%); Prepaid Card Services Revenue −$201K (-8%).