Recent Updates — USIO
Usio, Inc. reported second quarter 2026 financial results on August 12, 2026, showing revenue of $23.7 million, a 19% increase from the prior year period. The company achieved net income of approximately $0.3 million, or $0.01 per share, compared to a net loss of $0.4 million in the same quarter last year. Adjusted EBITDA rose 128% to $1.1 million. Total payment dollars processed reached $2.47 billion, up 27%, with ACH transaction volume setting a new record by increasing 34%. Usio raised its full-year fiscal 2026 revenue guidance to an expected increase of 14-16% compared to the prior year. The company used approximately $371,000 to repurchase 281,000 shares during the first half of the year and held cash reserves of $6.4 million at quarter-end. Usio operates in the financial technology industry, providing cloud-based electronic payment processing and embedded financial solutions.
On June 11, 2026, the Compensation Committee approved new annual base salaries effective August 3, 2026, for three executives: Chairman, President, and CEO Louis Hoch ($995,000), Senior VP and Chief Accounting Officer Greg Carter ($325,000), and Senior VP and Chief Accounting Officer Michael White ($260,000). All three remain eligible for equity incentive grants, annual bonus plans, and standard employee benefits. Usio, Inc. provides digital payment and payment processing solutions.
Usio, Inc. amended and restated its Bylaws on June 10, 2026, establishing the Eighth Judicial District Court of Clark County, Nevada, as the sole and exclusive forum for certain internal affairs and fiduciary duty claims. The company's 2026 Annual Meeting of Stockholders held on the same date resulted in the election of Class III directors Ernesto R. Beyer and Bradley Rollins, and the ratification of Withum Smith+Brown, P.C. as its independent auditor. Usio, Inc. provides payment processing solutions and operates in the financial technology sector.
On June 10, 2026, Usio, Inc. amended and restated its Bylaws to establish advance notice procedures for stockholder proposals and director nominations, requiring notice 90 to 120 days prior to the anniversary of the preceding annual meeting. These changes implement SEC universal proxy rules and include provisions that may discourage potential acquirers from soliciting proxies. Additionally, the company held its Annual Meeting of Stockholders, where Ernesto R. Beyer and Bradley Rollins were elected as Class III directors, executive compensation for 2025 was approved via advisory vote, and Withum Smith+Brown, P.C. was ratified as the independent auditor for fiscal year 2026. Usio, Inc. provides digital identity and security solutions.