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Lesaka Technologies vs Usio: LSAK and USIO compared
Lesaka Technologies is the larger company: $185M of revenue in its latest quarter (Q1 FY27) against $23.7M for Usio (Q2 2026). Usio is growing faster (+19% against +8% a year earlier). Usio is more profitable, with an operating margin of 1.6% against -0.6%.
Where the money goes: LSAK and USIO
Lesaka Technologies (LSAK) · Q1 FY27
Lesaka Technologies, Q1 FY27: revenue $185M (+8% year over year), operating margin -0.6%, net loss $4.2M, operating cash flow −$6.8M. The chart follows the revenue to costs, profit and cash.
Usio (USIO) · Q2 2026
Usio, Q2 2026: revenue $23.7M (+19% year over year), operating margin 1.6%, net earnings $280K, operating cash flow −$694K. The chart follows the revenue to costs, profit and cash.
| Lesaka Technologies (LSAK) | Usio (USIO) | |
|---|---|---|
| Latest quarter | Q1 FY27 | Q2 2026 |
| Revenue | $185M | $23.7M |
| Revenue growth, Y/Y | +8% | +19% |
| Gross margin | — | 24.2% |
| Operating margin | -0.6% | 1.6% |
| Net earnings | −$4.2M | $280K |
| Net margin | -2.3% | 1.2% |
| Operating cash flow | −$6.8M | −$694K |
Where the revenue comes from
Lesaka Technologies
- Merchant: $119M (64%)
- Consumer: $40.9M (22%)
- Enterprise: $25.1M (14%)
Usio
- Credit Card Revenue: $9.0M (38%)
- ACH and Complementary Service Revenue: $6.3M (27%)
- Output Solutions: $5.7M (24%)
- Prepaid Card Services Revenue: $2.5M (10%)
Questions
Which is bigger, Lesaka Technologies or Usio?
Lesaka Technologies is the larger company: $185M of revenue in its latest quarter (Q1 FY27) against $23.7M for Usio (Q2 2026).
Is Lesaka Technologies or Usio growing faster?
Usio is growing faster (+19% against +8% a year earlier).
Which is more profitable, Lesaka Technologies or Usio?
Usio is more profitable, with an operating margin of 1.6% against -0.6%.
More: Lesaka Technologies earnings · how Lesaka Technologies makes money · Usio earnings · how Usio makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 4, 2026; 10-Q filed Aug 12, 2026). Fiscal quarters can end on different dates. Not investment advice.