Filing Flows › Usio (USIO) › Q3 2025
Usio (USIO) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 12, 2025
Usio (USIO) reported revenue of $21.2M for the third quarter 2025 (Q3 2025), -0.7% from a year earlier and +6% from the quarter before. Operating margin was -2.2%, net loss $415K (2.0% of revenue).
Usio, Q3 2025: revenue $21.2M (-0.7% year over year), operating margin -2.2%, net loss $415K, operating cash flow $304K. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $21.2M | +6% | -0.7% |
| Operating profit | −$464K | — | — |
| Net earnings | −$415K | — | — |
| Operating cash flow | $304K | — | -79% |
| Free cash flow | $85K | — | -94% |
What changed
Revenue was $21.2M in Q3 2025, down 1% year over year and up 6% from the previous quarter. Credit Card Revenue was the largest line at 35% of revenue. Prepaid Card Services Revenue lost $1.2M year over year (down 30%), 865% of the total change.
Gross margin was 23.0%, unchanged from a year earlier. Operating costs exceeded revenue by $464K, an operating margin of -2.2%. Operating expenses grew 1% against a revenue fall of 1%. The quarter ended with a net loss of $415K, wider than the previous quarter's $367K loss. Non-operating items added $118K, -34% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $304K (down 79% year over year). Non-cash charges added back $433K of depreciation and amortization and $400K of share-based compensation. Working capital and other items used $114K. Capital expenditures of $219K left free cash flow of $85K.
Questions
What was Usio's revenue in the third quarter 2025?
Usio (USIO) reported revenue of $21.2M for the third quarter 2025 (Q3 2025), -0.7% from a year earlier and +6% from the quarter before.
Was Usio profitable in the third quarter 2025?
Operating loss was $464K (-2.2% of revenue) and net loss $415K.
Source: Usio 10-Q on SEC EDGAR.