USIO on Nasdaq

Usio, Inc.

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.1

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Last updated Oct 19, 2026.

Overview

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  • TickerUSIO on Nasdaq1
  • IndustryFunctions Related To Depository Banking, NEC1
  • HeadquartersSan Antonio, Texas1
  • Incorporated inNV2
  • Business address3611 Paesanos Parkway, Suite 300, San Antonio, Tx 782312
  • Filer categoryNon-accelerated filer, Smaller reporting company2

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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.3 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

23.1%Gross margin4
-2.8%Operating margin4
-2.9%Net margin4
3.0%Revenue growth, 20254
-14.0%Return on equity4
0.06×Debt to equity4
$1.1MFree cash flow4

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Credit Card Revenue brought in 35% of the revenue Usio, Inc. broke down this way in fiscal 2025.

  1. Credit Card Revenue$30.0M435%up 3% from 2024
  2. ACH and Complementary Service Revenue$22.2M426%up 33% from 2024
  3. Output Solutions$20.6M424%up 0% from 2024
  4. Prepaid Card Services Revenue$11.0M413%down 22% from 2024
  5. ACH and Complementary Service Interest Revenue$745.3K41%down 6% from 2024
  6. Prepaid Card Services Interest Revenue$615.4K41%down 54% from 2024
  7. Output Solutions Interest$170.9K40%up 13% from 2024
Products and services by year
Products and services20242025
Credit Card Revenue$29.3M$30.0M
ACH and Complementary Service Revenue$16.7M$22.2M
Output Solutions$20.6M$20.6M
Prepaid Card Services Revenue$14.1M$11.0M
ACH and Complementary Service Interest Revenue$789.7K$745.3K
Prepaid Card Services Interest Revenue$1.3M$615.4K
Output Solutions Interest$150.9K$170.9K

Business segments

Merchant Services brought in 76% of the revenue Usio, Inc. broke down this way in fiscal 2025.

  1. Merchant Services$64.6M476%up 4% from 2024
  2. Output Solutions$20.8M424%up 0% from 2024
Business segments by year
Business segments20242025
Merchant Services$62.2M$64.6M
Output Solutions$20.8M$20.8M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue77¢$65.7M
  • Selling, general and admin22¢$18.4M
  • Other costs1¢$817.7K
  • Income tax1¢$512.8K

Out of $85.4M in revenue.4 The company lost money this year.

Where each dollar of operating cash went, fiscal 2025

  • Capital spending29¢$435.0K
  • Share buybacks70¢$1.1M
  • Kept or used elsewhere1¢$12.1K

Out of $1.5M of cash from operations.4

Financial statements

Revenue567894$85.4M in 2025+203% since 2019
0$25.0M$50.0M$75.0M$100.0M2019: $28.2M$28.2M20192020: $32.3M$32.3M2020+14%2021: $61.9M$61.9M2021+92%2022: $69.4M$69.4M2022+12%2023: $84.1M$84.1M2023+21%2024: $82.9M$82.9M2024−1%2025: $85.4M$85.4M2025+3%
Gross profit567894$19.7M in 2025+231% since 2019
0$10.0M$20.0M$30.0M2019: $5.9M$5.9M20192020: $7.4M$7.4M2020+24%2021: $15.6M$15.6M2021+112%2022: $14.6M$14.6M2022−7%2023: $20.1M$20.1M2023+38%2024: $19.6M$19.6M2024−2%2025: $19.7M$19.7M2025+0%
Operating income567894-$2.4M in 2025−53% since 2019
-$6.0M-$4.0M-$2.0M02019: -$5.1M-$5.1M20192020: -$3.8M-$3.8M2020−26%2021: -$155.4K-$155.4K2021−96%2022: -$5.2M-$5.2M2022+3256%2023: -$447.4K-$447.4K2023−91%2024: -$1.5M-$1.5M2024+229%2025: -$2.4M-$2.4M2025+60%
Net income567894-$2.5M in 2025−51% since 2019
-$7.5M-$5.0M-$2.5M0$2.5M$5.0M2019: -$5.1M-$5.1M20192020: -$2.9M-$2.9M2020−43%2021: -$321.6K-$321.6K2021−89%2022: -$5.5M-$5.5M2022+1605%2023: -$475.1K-$475.1K2023−91%2024: $3.3M$3.3M20242025: -$2.5M-$2.5M2025

Every line of the income statement as filed: the last 2 fiscal years, latest first.4

Period ending2025-12-312024-12-31
Revenues$85.4M$82.9M
Cost of services$65.7M$63.3M
Gross profit$19.7M$19.6M
Employee stock-based compensation$1.7M$2.1M
Other expenses$18.4M$16.7M
Depreciation and amortization$1.9M$2.3M
Total operating expenses$22.1M$21.1M
Operating (loss)-$2.4M-$1.5M
Interest income$407.2K$464.7K
Other income$5.0K$1.7M
Interest expense-$52.1K-$53.8K
Other income, net$360.1K$2.1M
Income (loss) before income taxes-$2.0M$678.3K
Federal income tax expense (benefit)$54.2K-$3.1M
State income tax expense$458.6K$449.2K
Expense (benefit) for income taxes$512.8K-$2.6M
Net Income (loss)-$2.5M$3.3M
Basic income (loss) per common share: (in dollars per share)-$0.09$0.12
Diluted income (loss) per common share: (in dollars per share)-$0.09$0.12
Basic (in shares)26.9M shares26.9M shares
Diluted (in shares)26.9M shares26.9M shares

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Leadership

Who has led Usio, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Michael R. Long2006–2014
  2. Louis A. Hoch2016–now

Chair

  1. Michael R. Long2006–2018
  2. Louis A. Hoch2022–now

President

  1. Louis A. Hoch2006–now

Chief financial officer

  1. Michael R. Long2006–2014
  2. Habib Yunus2015
  3. Lowell Thomas Jewell2017–2023

Chief operating officer

  1. Louis A. Hoch2006–2016
2010201520202025
Board members and other officers (16)

Former names

  • PAYMENT DATA SYSTEMS INCMay 2, 2019 to Jul 1, 20192
  • BILLSERV INCDec 21, 2001 to Aug 11, 20032
  • BILLSERV COM INCJun 29, 1999 to Oct 10, 20012

Timeline

  1. Aug 17, 2016New chief executive Louis A. Hoch becomes CEO12
  2. Jan 3, 2006New chief executive Michael R. Long becomes CEO13

Filings

280 filings to the SEC since October 2021: 6 annual reports, 15 quarterly reports, 43 major events, 183 insider forms, 12 large holders, 21 other. The latest 20:

  1. Sep 3, 20264 PRIMARY DOCUMENT EDGAR
  2. Aug 26, 20264 PRIMARY DOCUMENT EDGAR
  3. Aug 25, 2026SCHEDULE 13G EDGAR
  4. Aug 25, 20264 PRIMARY DOCUMENT EDGAR
  5. Aug 25, 20264 PRIMARY DOCUMENT EDGAR
  6. Aug 25, 20264 PRIMARY DOCUMENT EDGAR
  7. Aug 25, 20264 PRIMARY DOCUMENT EDGAR
  8. Aug 25, 20264 PRIMARY DOCUMENT EDGAR
  9. Aug 25, 20264 PRIMARY DOCUMENT EDGAR
  10. Aug 12, 20268-K EDGAR
  11. Aug 12, 202610-Q EDGAR
  12. Jun 23, 20264 PRIMARY DOCUMENT EDGAR
  13. Jun 23, 20264 PRIMARY DOCUMENT EDGAR
  14. Jun 23, 20264 PRIMARY DOCUMENT EDGAR
  15. Jun 23, 20264/A PRIMARY DOCUMENT EDGAR
  16. Jun 22, 20264 PRIMARY DOCUMENT EDGAR
  17. Jun 22, 20264 PRIMARY DOCUMENT EDGAR
  18. Jun 22, 20264 PRIMARY DOCUMENT EDGAR
  19. Jun 22, 20264 PRIMARY DOCUMENT EDGAR
  20. Jun 17, 20268-K EDGAR

The 280 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

114 open-market trades by officers, directors and large owners since October 2021: 21 buys and 93 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Mar 10, 2026National Services, Inc10% ownerSale10,000$1.27$12.7KForm 4
Mar 10, 2026National Services, Inc10% ownerSale10,000$1.27$12.7KForm 4
Mar 9, 2026National Services, Inc10% ownerSale8,860$1.31$11.6KForm 4
Mar 9, 2026National Services, Inc10% ownerSale8,860$1.31$11.6KForm 4
Mar 6, 2026National Services, Inc10% ownerSale6,697$1.35$9.0KForm 4
Mar 5, 2026National Services, Inc10% ownerSale2,787$1.38$3.8KForm 4
Jan 27, 2026National Services, Inc10% ownerSale5,922$1.36$8.1KForm 4
Jan 26, 2026National Services, Inc10% ownerSale4,502$1.35$6.1KForm 4
Jan 23, 2026National Services, Inc10% ownerSale8,961$1.34$12.0KForm 4
Jan 22, 2026National Services, Inc10% ownerSale7,484$1.37$10.3KForm 4
Jan 21, 2026National Services, Inc10% ownerSale7,512$1.36$10.2KForm 4
Jan 20, 2026National Services, Inc10% ownerSale10,000$1.36$13.6KForm 4
Jan 16, 2026National Services, Inc10% ownerSale6,043$1.36$8.2KForm 4
Jan 15, 2026National Services, Inc10% ownerSale5,612$1.37$7.7KForm 4
Jan 14, 2026National Services, Inc10% ownerSale2,112$1.37$2.9KForm 4
Jan 13, 2026National Services, Inc10% ownerSale5,408$1.36$7.4KForm 4
Oct 1, 2024National Services, Inc10% ownerSale6,897$1.37$9.4KForm 4
Sep 30, 2024National Services, Inc10% ownerSale17,513$1.39$24.3KForm 4
Sep 27, 2024National Services, Inc10% ownerSale7,487$1.43$10.7KForm 4
Aug 23, 2024HOCH LOUIS AChairman, President and CEOBuy200$1.50$300Form 4

All 114 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 32. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Whittier Trust Co2,713,852$6.4M0.1%No change
Vanguard Capital Management LLC917,455$2.3M0.0%+15,296
Perkins Capital Management Inc700,371$1.7M1.3%−1,561
Renaissance Technologies LLC437,241$1.1M0.0%+36,500
Geode Capital Management, LLC184,503$457.7K0.0%+65,386
North Star Investment Management Corp.180,000$446.4K0.0%No change
Stonebridge Wealth Management, LLC177,084$439.2K0.4%New
BlackRock, Inc.111,768$277.2K0.0%+19,778
Vanguard Fiduciary Trust Co105,174$260.8K0.0%+784
Rothschild Wealth LLC79,700$197.7K0.0%−6,000
State Street Corp76,789$190.4K0.0%No change
Citadel Advisors LLC71,027$176.1K0.0%−109,052
Bridgeway Capital Management, LLC71,000$176.1K0.0%−30,000
Morgan Stanley50,289$124.7K0.0%−4,746
Dimensional Fund Advisors LP46,421$115.1K0.0%No change
Osaic Holdings, Inc.46,353$115.0K0.0%No change
Northern Trust Corp45,040$111.7K0.0%+11,644
Allworth Financial LP41,234$102.3K0.0%No change
Susquehanna International Group, Llp28,027$69.5K0.0%−39,183
XTX Topco Ltd25,368$62.9K0.0%+9,860
Goldman Sachs Group Inc20,357$50.5K0.0%−19,243
Investors Asset Management Of Georgia Inc /ga/ /adv20,000$49.6K0.0%No change
Jones Financial Companies Lllp17,608$38.9K0.0%New
Jane Street Group, LLC12,221$30.3K0.0%New
Vanguard Global Advisers, LLC3,902$9.7K0.0%No change

13F reports cover disclosed long positions in U.S. stocks only.

Sources

The numbers on this page point here. Each one links to the record it came from.

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