Usio, Inc. reported a revenue increase of 3% for the fiscal year ending December 31, 2025, totaling $85.4 million, compared to $82.9 million in 2024. This growth was primarily driven by a 33% rise in revenues from the Automated Clearing House (ACH) and complementary services, which benefited from organic growth and new client implementations. However, the overall revenue growth was tempered by a 22% decline in prepaid card services, attributed to the loss of a significant customer that had contributed notably to revenues in the previous year. The company also experienced a decrease in interest revenues, which fell by 33% due to lower interest rates and reduced cash balances.
In terms of profitability, Usio reported a net loss of $2.5 million for 2025, a significant decline from a net income of $3.3 million in 2024. The loss was largely influenced by increased selling, general, and administrative (SG&A) expenses, which rose to $18.4 million from $16.7 million in the prior year. The increase in SG&A was driven by investments in staffing, employee retention, and enhancements to the company's cybersecurity and IT infrastructure. Additionally, the absence of a one-time employee retention tax credit that had positively impacted the previous year's results contributed to the downturn in net income.
Strategically, Usio has focused on expanding its product offerings and market reach, including the acquisition of PostCredit in 2025, which is expected to enhance its capabilities in the expense management sector. The company has also implemented a unified branding strategy called "Usio One," aimed at improving customer onboarding and cross-selling opportunities across its various payment services. Operationally, Usio processed $8.4 billion in total payment volume in 2025, marking a 19% increase from the previous year, with total transactions processed rising by 30% to 60.8 million.
As of December 31, 2025, Usio's total assets stood at $134.9 million, up from $107.2 million in 2024, while total liabilities increased to $117.0 million from $88.1 million. The company maintained a cash balance of $7.4 million, down from $8.1 million in the prior year. Usio's employee headcount was reported at 107 full-time employees, with no significant changes in staffing levels noted. Looking ahead, Usio anticipates continued growth in its ACH and complementary services, although it acknowledges potential challenges related to market conditions and the integration of new acquisitions.
About Usio, Inc.
Usio, Inc. is a fintech payment processor offering cloud-based solutions for electronic payment acceptance, funds disbursement, and prepaid card programs. Serving merchants, businesses, and consumers across various industries, it provides services including ACH, card processing, prepaid cards, and electronic billing. With a focus on security, scalability, and integrated technology, Usio aims to meet evolving payment needs through innovation and strategic acquisitions.
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