Filing Flows › Usio (USIO) › Q4 2025
Usio (USIO) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 18, 2026
Usio (USIO) reported revenue of $22.2M for the fourth quarter 2025 (Q4 2025), +8% from a year earlier and +5% from the quarter before. Operating margin was -5.7%, net loss $1.5M (6.7% of revenue).
Usio, Q4 2025: revenue $22.2M (+8% year over year), operating margin -5.7%, net loss $1.5M, operating cash flow $100K. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $22.2M | +5% | +8% |
| Operating profit | −$1.3M | — | — |
| Net earnings | −$1.5M | — | -338% |
| Operating cash flow | $100K | -67% | -90% |
What changed
Revenue was $22.2M in Q4 2025, up 8% year over year and up 5% from the previous quarter. Credit Card Revenue was the largest line at 35% of revenue.
Gross margin was 21.9%, down 2.7 points from Q4 2024. Operating costs exceeded revenue by $1.3M, an operating margin of -5.7%. Operating expenses grew 8% against revenue growth of 8%. The fastest-growing cost line was SG&A (+12%). The quarter ended with a net loss of $1.5M, wider than the previous quarter's $415K loss.
Operating cash flow was $100K (down 90% year over year). Non-cash charges added back $553K of depreciation and amortization and $500K of share-based compensation. Working capital and other items added $542K. Capital expenditures of $142K exceeded it, leaving free cash flow of −$43K.
Questions
What was Usio's revenue in the fourth quarter 2025?
Usio (USIO) reported revenue of $22.2M for the fourth quarter 2025 (Q4 2025), +8% from a year earlier and +5% from the quarter before.
Was Usio profitable in the fourth quarter 2025?
Operating loss was $1.3M (-5.7% of revenue) and net loss $1.5M.
Source: Usio 10-K on SEC EDGAR.