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Midas Edge

Usio, Inc.

For the period ended Jun 30, 2026. Filed Aug 12, 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.

Jun 30, 2026 · Filed Aug 12, 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 June 30, 2026 and December 31, 20253
Consolidated Statements of Operations for the Three and Six Months Ended June 30, 2026 and 20254
Consolidated Statements of Cash Flows for the Six Months Ended June 30, 2026 and 20255
Consolidated Statements of Changes in Stockholders' Equity for the Three and Six Months ended June 30, 2026 and 20257
Notes to Interim Consolidated Financial Statements8
Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations.20
Item 3.Quantitative and Qualitative Disclosures About Market Risk.30
Item 4.Controls and Procedures.30
PART II – OTHER INFORMATION31
Item 1.Legal Proceedings.31
Item 1A.Risk Factors.32
Item 2.Unregistered Sales of Equity Securities and Use of Proceeds.32
Item 3.Defaults Upon Senior Securities.32
Item 4.Mine Safety Disclosures (Not applicable).32
Item 5.Other Information.32
Item 6.Exhibits.33
Signatures36

PART I –FINANCIAL INFORMATION

Item 1. Financial Statements.

USIO, INC.

CONSOLIDATED BALANCE SHEETS

June 30, 2026December 31, 2025
(Unaudited)
Assets
Current assets:
Cash and cash equivalents$6,385,966$7,434,051
Settlement processing assets72,172,35874,180,475
Prepaid card load assets16,945,86827,623,728
Customer deposits2,355,2842,281,220
Merchant reserves4,568,5374,795,537
Accounts receivable, net6,525,6215,274,586
Inventory392,108461,675
Prepaid expenses and other1,824,1401,359,382
Total current assets111,169,882123,410,654
Property and equipment, net4,654,5454,157,393
Other assets:
Intangibles, net9,7599,759
Operating lease right-of-use assets, net3,185,4382,423,231
Other assets362,949362,949
Deferred tax asset, net4,404,4254,526,228
Total other assets7,962,5717,322,167
Total assets$123,786,998$134,890,214
Liabilities and stockholders’ equity
Current liabilities:
Accounts payable$967,359$880,590
Accrued expenses3,371,0393,326,445
Operating lease liabilities, current portion750,013639,805
Equipment loan, current portion343,339289,317
Settlement processing obligations72,172,35874,180,475
Prepaid card load obligations16,945,86827,623,728
Customer deposits2,355,2842,281,220
Merchant reserve obligations4,568,5374,795,537
Total current liabilities101,473,797114,017,117
Non-current liabilities:
Operating lease liabilities, net of current portion2,610,4441,885,983
Equipment loan, net of current portion910,3101,074,711
Total liabilities104,994,551116,977,811
Commitments and contingencies (Note 11)
Stockholders’ equity:
Preferred stock, $0.01 par value, 10,000,000 shares authorized; -0- shares outstanding at June 30, 2026 (unaudited) and December 31, 2025——
Common stock, $0.001 par value, 200,000,000 shares authorized; 32,607,392 and 31,562,178 issued, and 28,513,915 and 27,729,704 outstanding at June 30, 2026 (unaudited) and December 31, 2025, respectively32,60731,562
Additional paid-in capital104,007,118102,363,590
Treasury stock, at cost; 4,093,477 and 3,832,474 shares at June 30, 2026 (unaudited) and December 31, 2025, respectively(7,208,113)(6,837,181)
Deferred compensation(7,896,753)(7,100,573)
Accumulated deficit(70,142,412)(70,544,995)
Total stockholders’ equity18,792,44717,912,403
Total liabilities and stockholders’ equity$123,786,998$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.