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Midas Edge

Usio, Inc.

For the period ended Sep 30, 2026. Filed Nov 10, 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.

Sep 30, 2026 · Filed Nov 10, 2026

USIO$2.91-5.2%Stored close · as of Nov 10, 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 September 30, 2026 and December 31, 20253
Consolidated Statements of Operations for the Three and Nine Months Ended September 30, 2026 and 20254
Consolidated Statements of Cash Flows for the Nine Months Ended September 30, 2026 and 20255
Consolidated Statements of Changes in Stockholders' Equity for the Three and Nine Months ended September 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.

CONSOLIDATED BALANCE SHEETS

September 30, 2026December 31, 2025
(Unaudited)
Assets
Current assets:
Cash and cash equivalents$7,335,367$7,434,051
Settlement processing assets65,850,76374,180,475
Prepaid card load assets15,380,63527,623,728
Customer deposits2,751,8542,281,220
Merchant reserves4,503,5374,795,537
Accounts receivable, net6,199,3635,274,586
Inventory624,635461,675
Prepaid expenses and other869,0271,359,382
Total current assets103,515,181123,410,654
Property and equipment, net6,245,2654,157,393
Other assets:
Intangibles, net9,7599,759
Operating lease right-of-use assets, net3,000,2732,423,231
Other assets362,949362,949
Deferred tax asset, net4,376,5964,526,228
Total other assets7,749,5777,322,167
Total assets$117,510,023$134,890,214
Liabilities and stockholders’ equity
Current liabilities:
Accounts payable$1,095,833$880,590
Accrued expenses3,760,6263,326,445
Operating lease liabilities, current portion743,160639,805
Equipment loan, current portion349,316289,317
Settlement processing obligations65,850,76374,180,475
Prepaid card load obligations15,380,63527,623,728
Customer deposits2,751,8542,281,220
Merchant reserve obligations4,503,5374,795,537
Total current liabilities94,435,724114,017,117
Non-current liabilities:
Operating lease liabilities, net of current portion2,427,3891,885,983
Equipment loan, net of current portion1,131,1751,074,711
Total liabilities97,994,288116,977,811
Commitments and contingencies (Note 11)
Stockholders’ equity:
Preferred stock, $0.01 par value, 10,000,000 shares authorized; -0- shares outstanding at September 30, 2026 (unaudited) and December 31, 2025——
Common stock, $0.001 par value, 200,000,000 shares authorized; 32,649,119 and 31,562,178 issued, and 28,509,743 and 27,729,704 outstanding at September 30, 2026 (unaudited) and December 31, 2025, respectively32,64931,562
Additional paid-in capital104,302,327102,363,590
Treasury stock, at cost; 4,139,376 and 3,832,474 shares at September 30, 2026 (unaudited) and December 31, 2025, respectively(7,335,943)(6,837,181)
Deferred compensation(7,558,266)(7,100,573)
Accumulated deficit(69,925,032)(70,544,995)
Total stockholders’ equity19,515,73517,912,403
Total liabilities and stockholders’ equity$117,510,023$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.