Usio Inc
USIO Technology Software Infrastructure
Usio Inc’s revenue for fiscal 2025 (year ended December 2025) was $85.4 million, up 2.97% from fiscal 2024. In the quarter to June 2026, revenue grew 18.6%, EPS grew 171.9%, free cash flow fell 56.1% and total debt rose 93.7%, each against the same quarter a year earlier.
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Usio Inc (USIO) Altman Z-score
Usio Inc's Altman Z-score for fiscal 2025 is 0.11, in the distress zone (below 1.81).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | 0.11 | (0.11) |
| FY2024 | 0.22 | 0.00 |
| FY2023 | 0.23 | 0.39 |
| FY2022 | −0.17 | (0.48) |
| FY2021 | 0.31 | 0.71 |
| FY2020 | −0.41 | 0.57 |
| FY2019 | −0.98 | (0.24) |
| FY2018 | −0.74 | (0.05) |
| FY2017 | −0.69 | (0.01) |
| FY2016 | −0.68 | (0.15) |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.07 | — | 0.08 | |
| Retained earnings / total assets | (0.52) | — | −0.73 | |
| EBIT / total assets | (0.02) | — | −0.06 | |
| Market value of equity / total liabilities | 0.31 | — | 0.19 | |
| Sales / total assets | 0.63 | — | 0.63 | |
| Altman Z-score | Distress zone | 0.11 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | −1.20 | ||
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| ATGL Alpha Technology Group Limited compare | 169× |
| FATN FatPipe, Inc. compare | 4.2× |
| DAVA Endava PLC Sponsored ADR compare | 3.2× |
| USIO Usio Inc | 0.1× |
| AISP Airship AI Holdings, Inc. compare | −0.9× |
| VIVO Vivopower International Plc compare | −2.1× |
| VERI Veritone, Inc. compare | −4.1× |
| AGPU Axe Compute Inc. compare | −6.9× |
| AILEQ iLearningEngines, Inc. compare | — |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets