USIO · Usio, Inc.

Usio delivered a record-setting first quarter of 2026, with revenue surging 16% to $25.5 million, the fastest growth in nine quarters, fueled by broad-based strength across segments. Credit card revenues jumped 23% or $1.8 million to $9.7 million, driven by 16% higher processing dollars and 22% more transactions, with PayFac now comprising nearly 80% of the segment. ACH, the highest-margin business, grew 25% to $6.3 million on 31% volume increase and 34% transaction growth from new business and organic expansion in electronic checks and PINless debit. Output Solutions accelerated to 19% growth at $6.8 million, with electronic documents up 41%. Gross profit rose to $5.1 million, though margins dipped to 20.2% from 21.9% due to lower high-margin interest revenue and mix shift. Total SG&A expenses fell to $4.9 million from over $5.0 million year-ago, reflecting fiscal discipline with sequential cuts of $700,000. This drove operating income to $0.2 million from a $0.2 million loss, Adjusted EBITDA to $0.8 million, and GAAP net income to $0.1 million. CEO Louis Hoch highlighted the Usio One strategy and industry reputation as tailwinds for continued double-digit profitable growth in 2026. Balance sheet strengthened with cash at $7.7 million after $235,000 in share repurchases, and positive $0.9 million operating cash flow underscores operational momentum.