Usio, Inc. (Nasdaq: USIO) announced its financial results for the third quarter ended September 30, 2026, reporting a significant increase in profitability and revenue growth. The company reported total revenue of $23.8 million for the quarter, representing a 12% year-over-year increase. This growth was driven by a 25% rise in total payment dollars processed to $2.73 billion and a 27% increase in total payment transactions to 20.7 million.
On the bottom line, the company achieved its third consecutive quarter of positive GAAP net income. GAAP net income for the quarter was approximately $0.2 million, or $0.01 per share, compared to a net loss of $0.4 million in the prior year. Adjusted EBITDA for the quarter was $1.2 million, a 222% increase from the same period in 2025. Operating income also improved to $0.3 million from an operating loss of $0.5 million in the prior year.
Key operational highlights included a record quarter for ACH transactions, which increased 39% year-over-year. Credit card revenues rose 18%, with PayFac revenues growing 29% and now accounting for more than 75% of total credit card revenues. Additionally, the company’s Output Solutions division saw revenue grow 14%.
For the nine months ended September 30, 2026, total revenue reached $72.9 million, up 15% from the prior year. Adjusted EBITDA for the first nine months was $3.1 million, more than double the $1.5 million reported in the same period of 2025. Operating cash flow increased 133% to $3.3 million. The company also repurchased 327,000 shares of common stock during the nine-month period for approximately $499,000.
Management reiterated its guidance for 14% to 16% revenue growth for the full year 2026, alongside record Adjusted EBITDA. The company noted that it is encouraged by the potential of its Usio Ion platform and a strategic partnership with Harris Computer to drive future growth.
