Q1 2026 Usio Inc Earnings Call Transcript
Key Points
- Usio Inc (USIO) reported a record quarter with strong growth leading to record processing volumes and quarterly revenues.
- Revenue increased 16% year over year, marking the highest quarterly revenue in the company's history.
- The company achieved positive adjusted EBITDA and GAAP net income, along with positive operating cash flow.
- Card revenue was up 23% year-over-year to a record $9.7 million, driven by the rapid growth of PayFac.
- Output Solutions saw a 31% increase in pieces processed and mailed, and a 41% increase in electronic documents processed and delivered.
- Margins were somewhat lower compared to the prior-year quarter, partly due to a decrease in top-line interest income.
- The company experienced a decline in interest revenue, which has 100% gross margins, affecting overall margins.
- Overhead costs were modestly higher compared to the prior-year quarter.
- Card issuing revenues were down this quarter, although growth is expected later in the year.
- The company remains cautious about potential economic challenges such as inflation and higher interest rates.
Hello, and welcome to the Usio first-quarter fiscal 2026 earnings conference call. (Operator Instructions) Please note, today's event is being recorded.
Now, I would like to turn the conference over to your host, Paul Manley. Please go ahead, sir.
Thank you, operator, and thank you for joining our call today. Welcome to Usio's first-quarter fiscal 2026 conference call. The earnings release, which we issued today after the market closed, is available on our website at usio.com under the Investor Relations tab.
On this call with me today are Louis Hoch, our Chairman and CEO; Greg Carter, Executive Vice President of Payment Acceptance and our Chief Revenue Officer; and Michael White, Senior Vice President and Chief Accounting Officer. In addition, Houston Frost, our Chief Product Officer; and Jerry Uffner, Head of Card Issuing, will be made available during the question-and-answer session at the end of our call.
Let me remind our listeners that certain statements made
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