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Side-by-side financial comparison of LiveOne, Inc. (LVO) and Usio, Inc. (USIO). Click either name above to swap in a different company.

Usio, Inc. is the larger business by last-quarter revenue ($22.2M vs $20.3M, roughly 1.1× LiveOne, Inc.). Usio, Inc. runs the higher net margin — -6.7% vs -20.1%, a 13.4% gap on every dollar of revenue. On growth, Usio, Inc. posted the faster year-over-year revenue change (8.2% vs -31.2%). Usio, Inc. produced more free cash flow last quarter ($1.1M vs $-2.9M). Over the past eight quarters, Usio, Inc.'s revenue compounded faster (3.0% CAGR vs -19.0%).

Live Nation Entertainment, Inc. is an American multinational entertainment company that was founded in 2010 following the merger of Live Nation and Ticketmaster. It continues to operate both brands as subsidiary companies, promoting and managing ticket sales for live entertainment internationally. It also owns and operates entertainment venues and manages the careers of music artists.

Usio, Inc. is an American financial technology company headquartered in San Antonio, Texas. It provides integrated electronic payment services, including ACH processing, credit card and debit card acceptance, payment facilitation for software platforms, prepaid card issuing and a document print and mail operation.

LVO vs USIO — Head-to-Head

Bigger by revenue
USIO
USIO
1.1× larger
USIO
$22.2M
$20.3M
LVO
Growing faster (revenue YoY)
USIO
USIO
+39.4% gap
USIO
8.2%
-31.2%
LVO
Higher net margin
USIO
USIO
13.4% more per $
USIO
-6.7%
-20.1%
LVO
More free cash flow
USIO
USIO
$4.0M more FCF
USIO
$1.1M
$-2.9M
LVO
Faster 2-yr revenue CAGR
USIO
USIO
Annualised
USIO
3.0%
-19.0%
LVO

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
LVO
LVO
USIO
USIO
Revenue
$20.3M
$22.2M
Net Profit
$-4.1M
$-1.5M
Gross Margin
18.8%
21.9%
Operating Margin
-9.6%
-5.7%
Net Margin
-20.1%
-6.7%
Revenue YoY
-31.2%
8.2%
Net Profit YoY
22.3%
-337.8%
EPS (diluted)
$-0.05

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
LVO
LVO
USIO
USIO
Q4 25
$20.3M
$22.2M
Q3 25
$18.8M
$21.2M
Q2 25
$19.2M
$20.0M
Q1 25
$19.3M
$22.0M
Q4 24
$29.4M
$20.6M
Q3 24
$32.6M
$21.3M
Q2 24
$33.1M
$20.1M
Q1 24
$30.9M
$21.0M
Net Profit
LVO
LVO
USIO
USIO
Q4 25
$-4.1M
$-1.5M
Q3 25
$-5.5M
$-415.1K
Q2 25
$-3.6M
$-366.7K
Q1 25
$-10.4M
$-235.0K
Q4 24
$-5.2M
$628.9K
Q3 24
$-1.9M
$2.9M
Q2 24
$-1.2M
$75.5K
Q1 24
$-2.3M
$-250.2K
Gross Margin
LVO
LVO
USIO
USIO
Q4 25
18.8%
21.9%
Q3 25
13.8%
23.0%
Q2 25
12.4%
25.8%
Q1 25
30.8%
21.9%
Q4 24
24.3%
24.6%
Q3 24
24.8%
23.0%
Q2 24
24.2%
23.9%
Q1 24
25.5%
23.1%
Operating Margin
LVO
LVO
USIO
USIO
Q4 25
-9.6%
-5.7%
Q3 25
-24.4%
-2.2%
Q2 25
-21.0%
-2.0%
Q1 25
-55.8%
-1.1%
Q4 24
-17.4%
-2.9%
Q3 24
-4.3%
-1.8%
Q2 24
-2.4%
-1.0%
Q1 24
-3.7%
-1.3%
Net Margin
LVO
LVO
USIO
USIO
Q4 25
-20.1%
-6.7%
Q3 25
-29.5%
-2.0%
Q2 25
-18.7%
-1.8%
Q1 25
-54.2%
-1.1%
Q4 24
-17.8%
3.1%
Q3 24
-5.7%
13.4%
Q2 24
-3.5%
0.4%
Q1 24
-7.4%
-1.2%
EPS (diluted)
LVO
LVO
USIO
USIO
Q4 25
$-0.05
Q3 25
$-0.02
Q2 25
$-0.01
Q1 25
$-0.01
Q4 24
$0.03
Q3 24
$0.10
Q2 24
$0.00
Q1 24
$-0.01

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
LVO
LVO
USIO
USIO
Cash + ST InvestmentsLiquidity on hand
$8.6M
$7.4M
Total DebtLower is stronger
$1.4M
Stockholders' EquityBook value
$-19.0M
$17.9M
Total Assets
$52.3M
$134.9M
Debt / EquityLower = less leverage
0.08×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LVO
LVO
USIO
USIO
Q4 25
$8.6M
$7.4M
Q3 25
$11.7M
$7.7M
Q2 25
$11.9M
$8.1M
Q1 25
$4.1M
$8.7M
Q4 24
$10.9M
$8.1M
Q3 24
$11.1M
$8.4M
Q2 24
$6.2M
$7.2M
Q1 24
$7.0M
$7.1M
Total Debt
LVO
LVO
USIO
USIO
Q4 25
$1.4M
Q3 25
$836.7K
Q2 25
$647.1K
Q1 25
$683.3K
Q4 24
$719.4K
Q3 24
$562.9K
Q2 24
$597.2K
Q1 24
$630.9K
Stockholders' Equity
LVO
LVO
USIO
USIO
Q4 25
$-19.0M
$17.9M
Q3 25
$-16.2M
$18.7M
Q2 25
$-20.8M
$18.7M
Q1 25
$-17.8M
$19.0M
Q4 24
$-8.4M
$19.2M
Q3 24
$-4.7M
$18.9M
Q2 24
$-3.8M
$15.7M
Q1 24
$-8.7M
$15.3M
Total Assets
LVO
LVO
USIO
USIO
Q4 25
$52.3M
$134.9M
Q3 25
$53.8M
$99.4M
Q2 25
$48.9M
$108.4M
Q1 25
$40.5M
$109.6M
Q4 24
$56.2M
$107.2M
Q3 24
$67.2M
$114.6M
Q2 24
$64.6M
$108.8M
Q1 24
$63.9M
$99.1M
Debt / Equity
LVO
LVO
USIO
USIO
Q4 25
0.08×
Q3 25
0.04×
Q2 25
0.03×
Q1 25
0.04×
Q4 24
0.04×
Q3 24
0.03×
Q2 24
0.04×
Q1 24
0.04×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
LVO
LVO
USIO
USIO
Operating Cash FlowLast quarter
$-2.3M
$1.5M
Free Cash FlowOCF − Capex
$-2.9M
$1.1M
FCF MarginFCF / Revenue
-14.4%
4.8%
Capex IntensityCapex / Revenue
3.2%
2.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-16.2M
$1.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LVO
LVO
USIO
USIO
Q4 25
$-2.3M
$1.5M
Q3 25
$-3.2M
$303.8K
Q2 25
$-3.0M
$-263.9K
Q1 25
$-4.3M
$1.4M
Q4 24
$3.5M
$2.9M
Q3 24
$5.8M
$1.4M
Q2 24
$1.3M
$369.1K
Q1 24
$3.0M
$88.7K
Free Cash Flow
LVO
LVO
USIO
USIO
Q4 25
$-2.9M
$1.1M
Q3 25
$-4.0M
$85.2K
Q2 25
$-4.1M
$-503.2K
Q1 25
$-5.2M
$1.1M
Q4 24
$2.7M
$2.7M
Q3 24
$5.2M
$1.4M
Q2 24
$606.0K
$246.3K
Q1 24
$2.1M
$-88.1K
FCF Margin
LVO
LVO
USIO
USIO
Q4 25
-14.4%
4.8%
Q3 25
-21.5%
0.4%
Q2 25
-21.2%
-2.5%
Q1 25
-26.9%
4.8%
Q4 24
9.2%
13.1%
Q3 24
15.9%
6.4%
Q2 24
1.8%
1.2%
Q1 24
6.8%
-0.4%
Capex Intensity
LVO
LVO
USIO
USIO
Q4 25
3.2%
2.0%
Q3 25
4.4%
1.0%
Q2 25
5.3%
1.2%
Q1 25
4.8%
1.4%
Q4 24
2.7%
1.0%
Q3 24
1.8%
0.3%
Q2 24
2.2%
0.6%
Q1 24
3.1%
0.8%
Cash Conversion
LVO
LVO
USIO
USIO
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
4.61×
Q3 24
0.50×
Q2 24
4.89×
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

LVO
LVO

Advertising$15.8M78%
Membership Services$2.9M14%
Merchandising Revenue$1.6M8%

USIO
USIO

Credit Card Revenue$7.7M35%
ACH And Complementary Service Revenue$6.1M28%
Output Solutions$5.4M24%
Prepaid Card Services Revenue$2.6M12%

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