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Midas Edge

Usio, Inc.

For the period ended Mar 31, 2026. Filed May 13, 2026.

View on SEC.gov

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2026 · Filed May 13, 2026

USIO$2.96+1.0%Stored close · as of Nov 6, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits
Contents

Table of Contents

INDEX

Page
PART I – FINANCIAL INFORMATION3
Item 1.Financial Statements (Unaudited).3
Consolidated Balance Sheets as of March 31, 2026 and December 31, 20253
Consolidated Statements of Operations for the Three Months ended March 31, 2026 and 20254
Consolidated Statements of Cash Flows for the Three Months ended March 31, 2026 and 20255
Consolidated Statements of Stockholders' Equity for the Three Months ended March 31, 2026 and 20257
Notes to Consolidated Financial Statements8
Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations.19
Item 3.Quantitative and Qualitative Disclosures About Market Risk.29
Item 4.Controls and Procedures.29
PART II – OTHER INFORMATION30
Item 1.Legal Proceedings.30
Item 1A.Risk Factors.31
Item 2.Unregistered Sales of Equity Securities and Use of Proceeds.31
Item 3.Defaults Upon Senior Securities.31
Item 4.Mine Safety Disclosures (Not applicable).31
Item 5.Other Information.31
Item 6.Exhibits.32

PART I –FINANCIAL INFORMATION

Item 1. Financial Statements.

USIO, INC.

CONSOLIDATED BALANCE SHEETS

March 31, 2026December 31, 2025
(Unaudited)
Assets
Current assets:
Cash and cash equivalents$7,728,795$7,434,051
Settlement processing assets69,522,44474,180,475
Prepaid card load assets15,466,82827,623,728
Customer deposits2,239,8292,281,220
Accounts receivable, net5,418,6535,274,586
Inventory392,873461,675
Prepaid expenses and other1,903,6901,359,382
Merchant reserves4,617,5374,795,537
Total current assets107,290,649123,410,654
Property and equipment, net4,545,2524,157,393
Other assets:
Intangibles, net9,7599,759
Deferred tax asset, net4,459,1444,526,228
Operating lease right-of-use assets3,524,6502,423,231
Other assets362,949362,949
Total other assets8,356,5027,322,167
Total assets$120,192,403$134,890,214
Liabilities and stockholders’ equity
Current liabilities:
Accounts payable$1,275,061$880,590
Accrued expenses4,052,6403,326,445
Operating lease liabilities, current portion756,708639,805
Equipment loan, current portion337,544289,317
Settlement processing obligations69,522,44474,180,475
Prepaid card load obligations15,466,82827,623,728
Customer deposits2,239,8292,281,220
Merchant reserve obligations4,617,5374,795,537
Total current liabilities98,268,591114,017,117
Non-current liabilities:
Equipment loan, net of current portion987,9961,074,711
Operating lease liabilities, net of current portion2,790,9051,885,983
Total liabilities102,047,492116,977,811
Commitments and contingencies (Note 11)
Stockholders’ equity:
Preferred stock, $0.01 par value, 10,000,000 shares authorized; -0- shares outstanding at March 31, 2026 (unaudited) and December 31, 2025——
Common stock, $0.001 par value, 200,000,000 shares authorized; 31,667,305 and 31,562,178 issued, and 27,672,168 and 27,729,704 outstanding at March 31, 2026 (unaudited) and December 31, 2025, respectively31,66731,562
Additional paid-in capital102,455,703102,363,590
Treasury stock, at cost; 3,995,137 and 3,832,474 shares at March 31, 2026 (unaudited) and December 31, 2025, respectively(7,070,640)(6,837,181)
Deferred compensation(6,849,327)(7,100,573)
Accumulated deficit(70,422,492)(70,544,995)
Total stockholders’ equity18,144,91117,912,403
Total liabilities and stockholders’ equity$120,192,403$134,890,214
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.