Usio Q1 Revenue Up 16% to Record Volumes, EBITDA Beats by 12%
Usio delivered 16% revenue growth to a record $2.50 billion in processed payments, beating consensus by 9%, while adjusted EBITDA rose to $0.8 million, 12% above estimates. Quarterly net income reached $0.1 million versus a $0.2 million loss a year ago, with operating cash flow of $0.9 million.
1. Record Revenue and Payment Volumes
Usio set all-time highs in the first quarter with revenues up 16% year-over-year and total payment dollars processed rising 28% to $2.50 billion. Transaction volumes climbed 22% to 16.8 million, driven by broad-based growth across payment channels.
2. Profitability and Cash Flow Improvement
The company reported net income of $0.1 million versus a $0.2 million loss in Q1 2025, achieving break-even EPS. Adjusted EBITDA reached $0.8 million, 12% above expectations, and operating cash flow improved to $0.9 million.
3. Segment Performance
Credit card revenues increased 23% to $1.8 million on strong PayFac growth, now nearly 80% of segment sales. ACH revenues rose 25% on volume gains, while Output Solutions posted 19% revenue growth with a 41% surge in electronic document volumes.
4. Balance Sheet Strength and Buybacks
Cash balances grew by $0.3 million to $7.7 million at quarter-end, supported by $0.9 million operating cash flow. The company repurchased $235,000 of stock, buying back 182,000 shares, while SG&A expenses remain controlled.