Filing Flows › Usio (USIO) › Q1 2026
Usio (USIO) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 13, 2026
Usio (USIO) reported revenue of $25.5M for the first quarter 2026 (Q1 2026), +16% from a year earlier and +14% from the quarter before. Operating margin was 0.9%, net earnings $123K (0.5% of revenue).
Usio, Q1 2026: revenue $25.5M (+16% year over year), operating margin 0.9%, net earnings $123K, operating cash flow $947K. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $25.5M | +14% | +16% |
| Gross profit | $5.1M | +5% | +7% |
| Operating profit | $226K | — | — |
| Net earnings | $123K | — | — |
| Operating cash flow | $947K | +851% | -31% |
| Free cash flow | $549K | — | -59% |
What changed
Revenue was $25.5M in Q1 2026, up 16% year over year and up 14% from the previous quarter. Credit Card Revenue was the largest line at 38% of revenue. Credit Card Revenue added $1.8M year over year (up 23%), 53% of the total change. ACH and Complementary Service Interest Revenue declined 45%.
Gross margin was 20.2%, down 1.7 points from Q1 2025. Operating profit was $226K, a 0.9% margin (up 2.0 points year over year). Operating expenses fell 3% while revenue rose 16%. Net earnings were $123K. The effective tax rate was 58.4%. Non-operating items added $69K, 23% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $947K (down 31% year over year), 773% of net earnings. Non-cash charges added back $226K of depreciation and amortization and $329K of share-based compensation. Working capital and other items added $269K. Capital expenditures of $398K left free cash flow of $549K.
Questions
What was Usio's revenue in the first quarter 2026?
Usio (USIO) reported revenue of $25.5M for the first quarter 2026 (Q1 2026), +16% from a year earlier and +14% from the quarter before.
Was Usio profitable in the first quarter 2026?
Operating profit was $226K (0.9% of revenue) and net earnings $123K.
Source: Usio 10-Q on SEC EDGAR.