Filing Flows › Usio (USIO) › Q4 2024
Usio (USIO) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 26, 2025
Usio (USIO) reported revenue of $20.6M for the fourth quarter 2024 (Q4 2024), +2% from a year earlier and -4% from the quarter before. Operating margin was -2.9%, net earnings $629K (3.1% of revenue).
Usio, Q4 2024: revenue $20.6M (+2% year over year), operating margin -2.9%, net earnings $629K, operating cash flow $10.5M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $20.6M | -4% | +2% |
| Operating profit | −$603K | — | — |
| Net earnings | $629K | — | — |
| Operating cash flow | $10.5M | — | — |
| Free cash flow | $10.2M | — | — |
What changed
Revenue was $20.6M in Q4 2024, up 2% year over year and down 4% from the previous quarter. Credit Card Revenue was the largest line at 35% of revenue.
Gross margin was 24.6%, down 1.5 points from a year earlier. Operating costs exceeded revenue by $603K, an operating margin of -2.9%. Operating expenses grew 8% against revenue growth of 2%. Net earnings were $629K, up 2325% year over year. The effective tax rate was 35.7%. Non-operating items added $1.6M, 162% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $10.5M, 1672% of net earnings. Non-cash charges added back $556K of depreciation and amortization and $564K of share-based compensation. Working capital and other items added $8.8M. Capital expenditures of $294K left free cash flow of $10.2M.
Questions
What was Usio's revenue in the fourth quarter 2024?
Usio (USIO) reported revenue of $20.6M for the fourth quarter 2024 (Q4 2024), +2% from a year earlier and -4% from the quarter before.
Was Usio profitable in the fourth quarter 2024?
Operating loss was $603K (-2.9% of revenue) and net earnings $629K.
Source: Usio 10-K on SEC EDGAR.