Usio, Inc. USIO
As a cloud-based, Fintech payment processor, we serve multiple industry verticals with technology that facilitates payment acceptance and funds disbursement in a single, full-stack ecosystem. We provide payment acceptance through multiple payment methods including: payment facilitation, prepaid card and electronic billing products and services to businesses, merchants and consumers. We seek to grow our business both organically through the continued development and enhancement of our products and services and through acquisitions of new products and services. We will continue to look for opportunities (both internally and externally) to enhance our offerings to meet customer demands as they arise.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $85.4M | $82.9M | $84.1M | $69.4M | $61.9M | $32.3M | $28.2M | $25.0M | $14.6M | $12.1M |
| Cost of revenue | $65.7M | $63.3M | $64.0M | $54.8M | $46.3M | $24.9M | $22.3M | $19.5M | $10.8M | $8.3M |
| Gross profit | $19.7M | $19.6M | $20.1M | $14.6M | $15.6M | $7.4M | $5.9M | $5.6M | $3.8M | $3.8M |
| SG&A | $18.4M | $16.7M | — | — | — | — | — | — | — | — |
| Total operating expenses | $22.1M | $21.1M | $20.5M | $19.8M | $15.8M | $11.1M | $11.0M | $9.3M | $6.6M | $13.4M |
| Operating income | -$2.4M | -$1.5M | -$447.4K | -$5.2M | -$155.4K | -$3.8M | -$5.1M | -$3.8M | -$2.8M | -$1.4M |
| Interest expense | $52.1K | $53.8K | $5.2K | $4.1K | $4.3K | $902 | $81.8K | $76.6K | $101.0K | $97.3K |
| Pre-tax income | -$2.0M | $678.3K | -$182.6K | -$5.2M | -$151.8K | -$2.9M | -$5.0M | -$3.7M | -$2.7M | -$1.2M |
| Income tax | $512.8K | $2.6M | $292.5K | $280.0K | $169.9K | $23.1K | $101.9K | $77.8K | $274.3K | $32.7K |
| Net income | -$2.5M | $3.3M | -$475.1K | -$5.5M | -$321.6K | -$2.9M | -$5.1M | -$3.8M | -$3.0M | -$1.2M |
| EPS, basic | -0.09 | 0.12 | -0.02 | -0.27 | -0.02 | -0.19 | -0.39 | -0.31 | -0.33 | -0.15 |
| EPS, diluted | -0.09 | 0.12 | -0.02 | -0.27 | -0.02 | -0.19 | -0.39 | -0.31 | -0.33 | -0.15 |
| Shares, diluted (wtd. avg.) | $26.9M | $26.9M | $26.5M | $20.4M | $20.0M | $15.4M | $13.0M | $12.1M | $9.0M | $7.8M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $7.4M | $8.1M | $7.2M | $5.7M | $7.3M | $5.0M | $2.1M | $2.2M | $4.6M | $4.1M |
| Receivables | $5.3M | $5.1M | $5.6M | $4.4M | $5.0M | $2.9M | $1.3M | $1.2M | $969.7K | $907.8K |
| Inventory | $461.7K | $403.8K | $422.8K | $507.4K | $434.5K | $176.5K | — | — | — | — |
| Total current assets | $123.4M | $95.2M | $97.2M | $87.4M | $121.3M | $69.1M | $53.0M | $60.9M | $59.1M | $65.0M |
| Property, plant and equipment | $4.2M | $3.2M | $3.7M | $3.2M | $3.6M | $3.1M | $1.6M | $1.9M | $2.1M | $2.5M |
| Other intangibles | $9.8K | $881.3K | $1.8M | $2.6M | $4.2M | $6.0M | $2.7M | $3.7M | $4.7M | $172.9K |
| Total assets | $134.9M | $107.2M | $106.9M | $97.9M | $133.7M | $82.7M | $61.6M | $68.2M | $67.4M | $69.5M |
| Accounts payable | $880.6K | $1.3M | $1.0M | $858.6K | $1.4M | $851.3K | $419.8K | $308.2K | $300.7K | $145.0K |
| Short-term debt | $289.3K | $147.6K | $107.3K | $56.4K | $54.8K | $0 | — | — | — | — |
| Total current liabilities | $114.0M | $84.9M | $89.2M | $81.6M | $112.5M | $63.5M | $51.7M | $58.5M | $54.3M | $60.5M |
| Long-term debt | $1.1M | $571.9K | $719.0K | $15.0K | $71.4K | $0 | — | — | — | — |
| Total liabilities | $117.0M | $88.1M | $91.9M | $84.0M | $115.0M | $66.0M | $54.0M | $58.6M | $54.3M | — |
| Retained earnings | -$70.5M | -$68.0M | -$71.3M | -$70.9M | -$65.4M | -$65.1M | -$62.2M | -$57.0M | -$53.3M | -$50.3M |
| Total equity | $17.9M | $19.2M | $15.1M | $13.9M | $18.7M | $16.7M | $7.6M | $9.6M | $13.1M | $9.0M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.5M | $2.9M | $3.5M | -$17.0M | $29.8M | $6.3M | -$3.7M | -$2.8M | -$936.5K | $848.4K |
| Depreciation and amortisation | $1.9M | $2.3M | $1.2M | $1.2M | $771.8K | $518.2K | $1.0M | $875.6K | $761.7K | $738.5K |
| Stock-based compensation | $1.7M | $2.1M | $2.2M | $2.1M | $1.5M | $1.5M | $1.3M | $1.3M | $968.1K | $1.3M |
| Capital expenditure | $435.0K | $195.9K | $835.0K | $812.2K | $1.3M | $855.4K | $647.4K | $703.1K | $372.3K | $155.6K |
| Investing cash flow | -$1.5M | -$944.4K | -$835.0K | -$812.2K | -$1.3M | -$6.8M | -$647.4K | -$698.1K | -$1.8M | -$355.6K |
| Financing cash flow | $28.7M | -$5.1M | $6.1M | -$1.4M | $887.5K | $10.0M | $1.7M | -$982.5K | $2.6M | -$431.8K |
| Buybacks | $1.1M | $1.4M | $457.0K | $1.3M | $238.7K | $280.3K | $71.9K | $982.5K | $112.9K | $431.8K |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001437749-26-008833.
Others in SIC 6099
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| EEFT | EURONET WORLDWIDE, INC. | $2.76B | 10.8x | 6.4% |
| LSAK | LESAKA TECHNOLOGIES INC | $387.5M | — | 16.9% |