Core Insights - Usio, Inc. reported a solid performance in Q3 2025, with total payment dollars processed increasing by 8% year-over-year, reaching $2.18 billion, and achieving all-time quarterly records in various processing metrics [1][7][9] Financial Performance - Consolidated revenues for Q3 2025 were $21.18 million, slightly down from $21.32 million in Q3 2024, primarily due to a decline in prepaid card services [4][9] - ACH and complementary services revenues grew by 36% to $5.84 million, while credit card revenues increased by 2% to $7.35 million [10][9] - The company reported a net loss of approximately $0.4 million, or $0.02 per share, compared to a net income of $2.9 million, or $0.10 per share, in the same quarter of the previous year [5][14] Operational Metrics - Total payment transactions processed in Q3 2025 were 16.2 million, a 27% increase from the same quarter last year [7] - The ACH division saw electronic check dollar volume increase by 8%, with transactions growing by 26% and returned check transactions up by 35% year-over-year [3][8] Strategic Developments - The company is focused on growing its recurring revenue base and has implemented a significant enterprise customer in its card business, expected to generate over $100 million in annual recurring processing volume [6] - Usio has invested over $760,000 in share repurchases this year, indicating a strong financial position with $7.7 million in cash and positive cash flow [6][19] Expense Management - Selling, general and administrative (SG&A) expenses increased to $4.5 million in Q3 2025 from $4.1 million in the prior year, attributed to higher salaries and operational costs [13][14] - Adjusted EBITDA for Q3 2025 was $0.4 million, down from $0.8 million in the same quarter a year ago [5][14]