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

Sanara MedTech Inc. is the larger business by last-quarter revenue ($27.5M vs $22.2M, roughly 1.2× Usio, Inc.). Sanara MedTech Inc. runs the higher net margin — -5.9% vs -6.7%, a 0.9% gap on every dollar of revenue. On growth, Usio, Inc. posted the faster year-over-year revenue change (8.2% vs 4.6%). Sanara MedTech Inc. produced more free cash flow last quarter ($3.9M vs $1.1M). Over the past eight quarters, Sanara MedTech Inc.'s revenue compounded faster (21.8% CAGR vs 3.0%).

Sanara MedTech Inc. is a US-based medical technology company that develops, manufactures, and distributes innovative surgical, wound care, and post-acute rehabilitation products. It mainly serves healthcare providers, hospitals, and long-term care facilities across North America, with a portfolio of FDA-cleared solutions designed to improve patient outcomes and lower clinical care operational costs.

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.

SMTI vs USIO — Head-to-Head

Bigger by revenue
SMTI
SMTI
1.2× larger
SMTI
$27.5M
$22.2M
USIO
Growing faster (revenue YoY)
USIO
USIO
+3.6% gap
USIO
8.2%
4.6%
SMTI
Higher net margin
SMTI
SMTI
0.9% more per $
SMTI
-5.9%
-6.7%
USIO
More free cash flow
SMTI
SMTI
$2.8M more FCF
SMTI
$3.9M
$1.1M
USIO
Faster 2-yr revenue CAGR
SMTI
SMTI
Annualised
SMTI
21.8%
3.0%
USIO

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
SMTI
SMTI
USIO
USIO
Revenue
$27.5M
$22.2M
Net Profit
$-1.6M
$-1.5M
Gross Margin
93.2%
21.9%
Operating Margin
23.5%
-5.7%
Net Margin
-5.9%
-6.7%
Revenue YoY
4.6%
8.2%
Net Profit YoY
5.3%
-337.8%
EPS (diluted)
$-0.32
$-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
SMTI
SMTI
USIO
USIO
Q4 25
$27.5M
$22.2M
Q3 25
$26.3M
$21.2M
Q2 25
$25.8M
$20.0M
Q1 25
$23.4M
$22.0M
Q4 24
$26.3M
$20.6M
Q3 24
$21.7M
$21.3M
Q2 24
$20.2M
$20.1M
Q1 24
$18.5M
$21.0M
Net Profit
SMTI
SMTI
USIO
USIO
Q4 25
$-1.6M
$-1.5M
Q3 25
$-30.4M
$-415.1K
Q2 25
$-2.0M
$-366.7K
Q1 25
$-3.5M
$-235.0K
Q4 24
$-1.7M
$628.9K
Q3 24
$-2.9M
$2.9M
Q2 24
$-3.5M
$75.5K
Q1 24
$-1.8M
$-250.2K
Gross Margin
SMTI
SMTI
USIO
USIO
Q4 25
93.2%
21.9%
Q3 25
92.9%
23.0%
Q2 25
92.5%
25.8%
Q1 25
92.2%
21.9%
Q4 24
91.4%
24.6%
Q3 24
90.8%
23.0%
Q2 24
90.0%
23.9%
Q1 24
89.8%
23.1%
Operating Margin
SMTI
SMTI
USIO
USIO
Q4 25
23.5%
-5.7%
Q3 25
11.2%
-2.2%
Q2 25
-0.1%
-2.0%
Q1 25
-8.9%
-1.1%
Q4 24
18.6%
-2.9%
Q3 24
3.6%
-1.8%
Q2 24
-14.3%
-1.0%
Q1 24
-8.3%
-1.3%
Net Margin
SMTI
SMTI
USIO
USIO
Q4 25
-5.9%
-6.7%
Q3 25
-115.5%
-2.0%
Q2 25
-7.8%
-1.8%
Q1 25
-15.1%
-1.1%
Q4 24
-6.5%
3.1%
Q3 24
-13.2%
13.4%
Q2 24
-17.4%
0.4%
Q1 24
-9.5%
-1.2%
EPS (diluted)
SMTI
SMTI
USIO
USIO
Q4 25
$-0.32
$-0.05
Q3 25
$-3.40
$-0.02
Q2 25
$-0.23
$-0.01
Q1 25
$-0.41
$-0.01
Q4 24
$-0.18
$0.03
Q3 24
$-0.34
$0.10
Q2 24
$-0.41
$0.00
Q1 24
$-0.21
$-0.01

Balance Sheet & Financial Strength

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

Metric
SMTI
SMTI
USIO
USIO
Cash + ST InvestmentsLiquidity on hand
$16.6M
$7.4M
Total DebtLower is stronger
$46.0M
$1.4M
Stockholders' EquityBook value
$5.9M
$17.9M
Total Assets
$72.9M
$134.9M
Debt / EquityLower = less leverage
7.74×
0.08×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SMTI
SMTI
USIO
USIO
Q4 25
$16.6M
$7.4M
Q3 25
$14.9M
$7.7M
Q2 25
$17.0M
$8.1M
Q1 25
$20.7M
$8.7M
Q4 24
$15.9M
$8.1M
Q3 24
$16.3M
$8.4M
Q2 24
$6.2M
$7.2M
Q1 24
$2.8M
$7.1M
Total Debt
SMTI
SMTI
USIO
USIO
Q4 25
$46.0M
$1.4M
Q3 25
$45.1M
$836.7K
Q2 25
$44.2M
$647.1K
Q1 25
$43.4M
$683.3K
Q4 24
$30.7M
$719.4K
Q3 24
$30.1M
$562.9K
Q2 24
$14.4M
$597.2K
Q1 24
$9.7M
$630.9K
Stockholders' Equity
SMTI
SMTI
USIO
USIO
Q4 25
$5.9M
$17.9M
Q3 25
$6.1M
$18.7M
Q2 25
$35.4M
$18.7M
Q1 25
$36.7M
$19.0M
Q4 24
$39.4M
$19.2M
Q3 24
$39.8M
$18.9M
Q2 24
$41.7M
$15.7M
Q1 24
$43.3M
$15.3M
Total Assets
SMTI
SMTI
USIO
USIO
Q4 25
$72.9M
$134.9M
Q3 25
$71.1M
$99.4M
Q2 25
$98.8M
$108.4M
Q1 25
$96.4M
$109.6M
Q4 24
$88.1M
$107.2M
Q3 24
$88.5M
$114.6M
Q2 24
$73.4M
$108.8M
Q1 24
$70.9M
$99.1M
Debt / Equity
SMTI
SMTI
USIO
USIO
Q4 25
7.74×
0.08×
Q3 25
7.33×
0.04×
Q2 25
1.25×
0.03×
Q1 25
1.18×
0.04×
Q4 24
0.78×
0.04×
Q3 24
0.76×
0.03×
Q2 24
0.34×
0.04×
Q1 24
0.22×
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
SMTI
SMTI
USIO
USIO
Operating Cash FlowLast quarter
$3.9M
$1.5M
Free Cash FlowOCF − Capex
$3.9M
$1.1M
FCF MarginFCF / Revenue
14.0%
4.8%
Capex IntensityCapex / Revenue
0.3%
2.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$2.2M
$1.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SMTI
SMTI
USIO
USIO
Q4 25
$3.9M
$1.5M
Q3 25
$2.2M
$303.8K
Q2 25
$2.7M
$-263.9K
Q1 25
$-2.0M
$1.4M
Q4 24
$932.0K
$2.9M
Q3 24
$2.1M
$1.4M
Q2 24
$-1.4M
$369.1K
Q1 24
$-1.6M
$88.7K
Free Cash Flow
SMTI
SMTI
USIO
USIO
Q4 25
$3.9M
$1.1M
Q3 25
$1.1M
$85.2K
Q2 25
$902.7K
$-503.2K
Q1 25
$-3.7M
$1.1M
Q4 24
$859.9K
$2.7M
Q3 24
$2.0M
$1.4M
Q2 24
$-1.5M
$246.3K
Q1 24
$-1.7M
$-88.1K
FCF Margin
SMTI
SMTI
USIO
USIO
Q4 25
14.0%
4.8%
Q3 25
4.2%
0.4%
Q2 25
3.5%
-2.5%
Q1 25
-15.9%
4.8%
Q4 24
3.3%
13.1%
Q3 24
9.4%
6.4%
Q2 24
-7.3%
1.2%
Q1 24
-9.0%
-0.4%
Capex Intensity
SMTI
SMTI
USIO
USIO
Q4 25
0.3%
2.0%
Q3 25
4.0%
1.0%
Q2 25
6.8%
1.2%
Q1 25
7.4%
1.4%
Q4 24
0.3%
1.0%
Q3 24
0.0%
0.3%
Q2 24
0.3%
0.6%
Q1 24
0.4%
0.8%
Cash Conversion
SMTI
SMTI
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

SMTI
SMTI

Soft Tissue Repair Products$24.7M90%
Bone Fusion Products$2.8M10%

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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