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GlobeNewswire·

Usio Reports Strong Third Quarter 2026 Results; Adjusted EBITDA(1) Increases 222%

USIO
  • Usio, Inc. reported GAAP net income of $217,000 ($0.01 per share) for the third quarter ended September 30, 2026, an increase of over $632,000 year-over-year compared to a net loss of $415,000 in the same period of 2025.
  • Total revenue for the quarter increased 12% to $23.8 million, while gross profit rose 18% to $5.7 million, resulting in gross margins of 24.1%.
  • Adjusted EBITDA for the quarter was $1.2 million, up 222% year-over-year, with the Adjusted EBITDA margin expanding to 5.0% from 1.7% in the prior year.
  • Nine-month operating cash flow increased 133% to $3.3 million, despite the prior year benefiting from one-time employee retention tax credit collections not present in the current period.
  • Total payment dollars processed grew 25% to $2.73 billion, while total payment transactions increased 27% to 20.7 million.
  • ACH transaction volume reached a new quarterly record for the sixth consecutive quarter, rising 39%, with ACH revenues up 9%.
  • Credit card revenues increased 18%, driven by a 29% rise in PayFac revenues, which now account for over 75% of total credit card revenues.
  • Output Solutions revenue grew 14% to $5.5 million, with electronic documents processed up 28% and total pieces printed and mailed up 7%.
  • Prepaid card services revenues increased for the first time this year, with purchase volumes up 17% despite a 2% decline in total transactions processed.
  • Total selling, general, and administrative expenses increased only 2% year-over-year for the quarter to $5.5 million, demonstrating operating leverage as expenses grew slower than revenue.
  • The company repurchased 327,000 shares of common stock for approximately $499,000 during the first nine months of 2026.
  • Cash and cash equivalents totaled $7.3 million as of September 30, 2026, an increase of approximately $900,000 over the prior three months.
  • Usio reiterated its guidance for 14-16% revenue growth for the full year 2026 alongside record Adjusted EBITDA.
  • Management highlighted strategic catalysts including the Usio Ion platform and a partnership with Harris Computer to expand into the utility market.
Company
Usio, Inc.
Keywords
Nasdaq:USIO, Usio, Inc.