vs
Side-by-side financial comparison of ROCKWELL MEDICAL, INC. (RMTI) 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 $17.3M, roughly 1.3× ROCKWELL MEDICAL, INC.). Usio, Inc. runs the higher net margin — -6.7% vs -9.2%, a 2.5% gap on every dollar of revenue. On growth, Usio, Inc. posted the faster year-over-year revenue change (8.2% vs -8.5%). Over the past eight quarters, Usio, Inc.'s revenue compounded faster (3.0% CAGR vs -18.2%).
Rockwell Medical Inc. is a publicly traded pharmaceutical company based in Wixom, Michigan and founded in 1996 that focuses on development and commercialization of treatments against diseases such as end-stage renal disease (ESRD) and chronic kidney disease (CKD).
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.
RMTI vs USIO — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $17.3M | $22.2M |
| Net Profit | $-1.6M | $-1.5M |
| Gross Margin | 16.8% | 21.9% |
| Operating Margin | — | -5.7% |
| Net Margin | -9.2% | -6.7% |
| Revenue YoY | -8.5% | 8.2% |
| Net Profit YoY | — | -337.8% |
| EPS (diluted) | $-0.04 | $-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.
| Q1 26 | $17.3M | — | ||
| Q4 25 | $18.3M | $22.2M | ||
| Q3 25 | $15.9M | $21.2M | ||
| Q2 25 | $16.1M | $20.0M | ||
| Q1 25 | $18.9M | $22.0M | ||
| Q4 24 | $24.7M | $20.6M | ||
| Q3 24 | $28.3M | $21.3M | ||
| Q2 24 | $25.8M | $20.1M |
| Q1 26 | $-1.6M | — | ||
| Q4 25 | $-554.0K | $-1.5M | ||
| Q3 25 | $-1.8M | $-415.1K | ||
| Q2 25 | $-1.5M | $-366.7K | ||
| Q1 25 | $-1.5M | $-235.0K | ||
| Q4 24 | $-756.0K | $628.9K | ||
| Q3 24 | $1.7M | $2.9M | ||
| Q2 24 | $343.0K | $75.5K |
| Q1 26 | 16.8% | — | ||
| Q4 25 | 21.1% | 21.9% | ||
| Q3 25 | 14.3% | 23.0% | ||
| Q2 25 | 15.6% | 25.8% | ||
| Q1 25 | 16.1% | 21.9% | ||
| Q4 24 | 14.7% | 24.6% | ||
| Q3 24 | 22.0% | 23.0% | ||
| Q2 24 | 17.6% | 23.9% |
| Q1 26 | — | — | ||
| Q4 25 | -2.2% | -5.7% | ||
| Q3 25 | -9.9% | -2.2% | ||
| Q2 25 | -8.4% | -2.0% | ||
| Q1 25 | -7.2% | -1.1% | ||
| Q4 24 | -2.1% | -2.9% | ||
| Q3 24 | 6.8% | -1.8% | ||
| Q2 24 | 2.0% | -1.0% |
| Q1 26 | -9.2% | — | ||
| Q4 25 | -3.0% | -6.7% | ||
| Q3 25 | -11.0% | -2.0% | ||
| Q2 25 | -9.3% | -1.8% | ||
| Q1 25 | -8.0% | -1.1% | ||
| Q4 24 | -3.1% | 3.1% | ||
| Q3 24 | 5.9% | 13.4% | ||
| Q2 24 | 1.3% | 0.4% |
| Q1 26 | $-0.04 | — | ||
| Q4 25 | $-0.01 | $-0.05 | ||
| Q3 25 | $-0.05 | $-0.02 | ||
| Q2 25 | $-0.05 | $-0.01 | ||
| Q1 25 | $-0.04 | $-0.01 | ||
| Q4 24 | $-0.02 | $0.03 | ||
| Q3 24 | $0.04 | $0.10 | ||
| Q2 24 | $0.01 | $0.00 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $7.4M |
| Total DebtLower is stronger | — | $1.4M |
| Stockholders' EquityBook value | $35.9M | $17.9M |
| Total Assets | $57.4M | $134.9M |
| Debt / EquityLower = less leverage | — | 0.08× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $10.7M | $7.4M | ||
| Q3 25 | $13.6M | $7.7M | ||
| Q2 25 | $12.5M | $8.1M | ||
| Q1 25 | $11.4M | $8.7M | ||
| Q4 24 | $15.7M | $8.1M | ||
| Q3 24 | $12.3M | $8.4M | ||
| Q2 24 | $11.9M | $7.2M |
| Q1 26 | — | — | ||
| 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 26 | $35.9M | — | ||
| Q4 25 | $37.0M | $17.9M | ||
| Q3 25 | $37.0M | $18.7M | ||
| Q2 25 | $30.4M | $18.7M | ||
| Q1 25 | $31.5M | $19.0M | ||
| Q4 24 | $32.6M | $19.2M | ||
| Q3 24 | $29.1M | $18.9M | ||
| Q2 24 | $23.5M | $15.7M |
| Q1 26 | $57.4M | — | ||
| Q4 25 | $57.1M | $134.9M | ||
| Q3 25 | $57.5M | $99.4M | ||
| Q2 25 | $52.6M | $108.4M | ||
| Q1 25 | $54.0M | $109.6M | ||
| Q4 24 | $59.2M | $107.2M | ||
| Q3 24 | $57.1M | $114.6M | ||
| Q2 24 | $53.0M | $108.8M |
| Q1 26 | — | — | ||
| 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× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $1.5M |
| Free Cash FlowOCF − Capex | — | $1.1M |
| FCF MarginFCF / Revenue | — | 4.8% |
| Capex IntensityCapex / Revenue | — | 2.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $1.7M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $2.3M | $1.5M | ||
| Q3 25 | $-1.3M | $303.8K | ||
| Q2 25 | $1.8M | $-263.9K | ||
| Q1 25 | $-3.5M | $1.4M | ||
| Q4 24 | $865.0K | $2.9M | ||
| Q3 24 | $4.3M | $1.4M | ||
| Q2 24 | $1.4M | $369.1K |
| Q1 26 | — | — | ||
| Q4 25 | $2.2M | $1.1M | ||
| Q3 25 | $-1.5M | $85.2K | ||
| Q2 25 | $1.7M | $-503.2K | ||
| Q1 25 | $-3.5M | $1.1M | ||
| Q4 24 | $470.0K | $2.7M | ||
| Q3 24 | $4.1M | $1.4M | ||
| Q2 24 | $1.2M | $246.3K |
| Q1 26 | — | — | ||
| Q4 25 | 12.0% | 4.8% | ||
| Q3 25 | -9.6% | 0.4% | ||
| Q2 25 | 10.5% | -2.5% | ||
| Q1 25 | -18.8% | 4.8% | ||
| Q4 24 | 1.9% | 13.1% | ||
| Q3 24 | 14.4% | 6.4% | ||
| Q2 24 | 4.5% | 1.2% |
| Q1 26 | — | — | ||
| Q4 25 | 0.5% | 2.0% | ||
| Q3 25 | 1.4% | 1.0% | ||
| Q2 25 | 1.0% | 1.2% | ||
| Q1 25 | 0.3% | 1.4% | ||
| Q4 24 | 1.6% | 1.0% | ||
| Q3 24 | 0.7% | 0.3% | ||
| Q2 24 | 1.1% | 0.6% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 4.61× | ||
| Q3 24 | 2.57× | 0.50× | ||
| Q2 24 | 4.20× | 4.89× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
RMTI
Segment breakdown not available.
USIO
| Credit Card Revenue | $7.7M | 35% |
| ACH And Complementary Service Revenue | $6.1M | 28% |
| Output Solutions | $5.4M | 24% |
| Prepaid Card Services Revenue | $2.6M | 12% |
