Filing Flows › Usio (USIO) › Q2 2025
Usio (USIO) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 6, 2025
Usio (USIO) reported revenue of $20.0M for the second quarter 2025 (Q2 2025), -0.6% from a year earlier and -9% from the quarter before. Operating margin was -2.0%, net loss $367K (1.8% of revenue).
Usio, Q2 2025: revenue $20.0M (-0.6% year over year), operating margin -2.0%, net loss $367K, operating cash flow −$264K. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $20.0M | -9% | -0.6% |
| Operating profit | −$397K | — | — |
| Net earnings | −$367K | — | — |
| Operating cash flow | −$264K | -119% | — |
What changed
Revenue was $20.0M in Q2 2025, down 1% year over year and down 9% from the previous quarter. Credit Card Revenue was the largest line at 35% of revenue. Prepaid Card Services Revenue lost $947K year over year (down 26%), 796% of the total change.
Gross margin was 25.8%, up 1.8 points from a year earlier. Operating costs exceeded revenue by $397K, an operating margin of -2.0%. Operating expenses grew 11% against a revenue fall of 1%. The fastest-growing cost line was SG&A (+16%). The quarter ended with a net loss of $367K, wider than the previous quarter's $235K loss. Non-operating items added $99K, -33% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$264K. Non-cash charges added back $465K of depreciation and amortization and $434K of share-based compensation. Working capital and other items used $796K. Capital expenditures of −$239K exceeded it, leaving free cash flow of −$25K.
Questions
What was Usio's revenue in the second quarter 2025?
Usio (USIO) reported revenue of $20.0M for the second quarter 2025 (Q2 2025), -0.6% from a year earlier and -9% from the quarter before.
Was Usio profitable in the second quarter 2025?
Operating loss was $397K (-2.0% of revenue) and net loss $367K.
Source: Usio 10-Q on SEC EDGAR.