• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Dashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlerts
    Company
    AboutQuantisnow PlusContactJobs
    Legal
    Terms of usePrivacy policyCookie policy

    Priority Technology Holdings, Inc. Reports First Quarter Financial Results

    5/6/25 7:30:00 AM ET
    $PRTH
    Business Services
    Consumer Discretionary
    Get the next $PRTH alert in real time by email

    Strong First Quarter Growth Driven by Performance Across Unified Commerce Platform

    Priority Technology Holdings, Inc. (NASDAQ:PRTH) ("Priority" or the "Company"), the payments and banking fintech that streamlines collecting, storing, lending, and sending money to unlock revenue opportunities, today announced its first quarter 2025 financial results including strong year-over-year diversified revenue growth.

    "Strong first quarter growth in revenue and profits continues to demonstrate the value of our Priority Commerce Engine, purpose built to help our customers accelerate cash flow and optimize working capital. We delivered consistent results across each of our SMB Acquiring, B2B Payables and Enterprise Payments segments," said Tom Priore, Chairman & CEO of Priority. "The blend of the diverse and counter-cyclical aspects of our platform combined with relentless execution to gain market share in traditional payment segments reinforces that Priority's technology, operations and vision have positioned us to excel through the remainder of 2025 and beyond despite an uncertain macro-economic environment."

    Highlights of Consolidated Results

    First Quarter 2025 Financial Highlights compared with First Quarter 20241

    • Revenue of $224.6 million increased 9.2% from $205.7 million
    • Adjusted gross profit (a non-GAAP measure2) of $87.3 million increased 14.2% from $76.4 million
    • Adjusted gross profit margin (a non-GAAP measure2) of 38.9% increased 170 basis points from 37.1%
    • Operating income of $32.6 million increased 16.4% from $28.0 million
    • Adjusted EBITDA (a non-GAAP measure2) of $51.3 million increased 10.7% from $46.3 million
    • Adjusted EPS (a non-GAAP measure2) of $0.22 increased by $0.19, or 633.3%, from $0.03

    (1)

    Certain amounts/percentages may not compute accurately due to rounding.

    (2)

    See "Non-GAAP Financial Measures" and the reconciliations of Adjusted Gross Profit (non-GAAP), Adjusted Gross Profit Margin (non-GAAP), Adjusted EBITDA, and Adjusted EPS (non-GAAP) to their most comparable GAAP measures provided within this document for additional information.

    Full Year 2025 Financial Guidance

    Priority's outlook remains strong and we affirm our full year 2025 guidance as follows:

    • Revenue forecast to range between $965 million to $1 billion, a growth rate of 10% to 14%, compared to fiscal 2024 results
    • Adjusted gross profit (a non-GAAP measure) forecast to range between $360 million and $385 million, a growth rate of 10% to 17% compared to fiscal 2024 results
    • Adjusted EBITDA (a non-GAAP measure) forecast to range between $220 million to $230 million, a growth rate of 8% to 13% compared to fiscal 2024 results

    Conference Call

    The Company will host a conference call on Tuesday, May 6, 2025 at 11:00 a.m. EST to discuss its first quarter financial results. Participants can access the call by phone in the U.S. or Canada at (877) 407-0752 or internationally at (201) 389-0912.

    The Internet webcast link and accompanying slide presentation can be accessed at https://viavid.webcasts.com/starthere.jsp?ei=1717257&tp_key=17b579fc0a and will also be posted in the "Investor Relations" section of the Company's website at www.prioritycommerce.com/investors.

    An audio replay of the call will be available shortly after the conference call until May 20, 2025, at 11:59 p.m. ET. To listen to the audio replay, dial (844) 512-2921 or (412) 317-6671 and enter conference ID number 13753537. Alternatively, you may access the webcast replay in the "Investor Relations" section of the Company's website at www.prioritycommerce.com/investors.

    Non-GAAP Financial Measures

    This communication includes certain non-GAAP financial measures that we regularly review to evaluate our business and trends, measure our performance, prepare financial projections, allocate resources, and make strategic decisions. We believe these non-GAAP measures help to illustrate the underlying financial and business trends relating to our results of operations and comparability between current and prior periods. We also use these non-GAAP measures to establish and monitor operational goals. However, these non-GAAP measures are not superior to or a substitute for prominent measurements calculated in accordance with GAAP. Rather, the non-GAAP measures are meant to be a complement to understanding measures prepared in accordance with GAAP.

    Adjusted Gross Profit and Adjusted Gross Profit Margin

    The Company's adjusted gross profit metric represents revenues less cost of revenue (excluding depreciation and amortization). Adjusted gross profit margin is adjusted gross profit divided by revenues. We review these non-GAAP measures to evaluate our underlying profit trends. The reconciliation of adjusted gross profit to its most comparable GAAP measure is provided below:

    (in thousands)

    Three Months Ended March 31,

     

     

    2025

     

     

     

    2024

     

    Revenues

    $

    224,630

     

     

    $

    205,719

     

    Cost of revenue (excluding depreciation and amortization)

     

    (137,353

    )

     

     

    (129,298

    )

    Adjusted gross profit

    $

    87,277

     

     

    $

    76,421

     

    Adjusted gross profit margin

     

    38.9

    %

     

     

    37.1

    %

     

    Depreciation and amortization of revenue generating assets

     

    (4,668

    )

     

     

    (3,900

    )

    Gross profit

    $

    82,609

     

     

    $

    72,521

     

     

    Gross profit margin

     

    36.8

    %

     

     

    35.3

    %

    EBITDA and Adjusted EBITDA

    EBITDA and adjusted EBITDA are performance measures. EBITDA is earnings before interest, income tax, and depreciation and amortization expenses ("EBITDA"). Adjusted EBITDA begins with EBITDA but further excludes certain non-cash costs, such as stock-based compensation and the write-off of the carrying value of investments or other assets, as well as debt extinguishment and modification expenses and other expenses and income items considered non-recurring, such as acquisition integration expenses, certain professional fees, and litigation settlements. We review the non-GAAP adjusted EBITDA measure to evaluate our business and trends, measure our performance, prepare financial projections, allocate resources, and make strategic decisions.

    The reconciliation of adjusted EBITDA to its most comparable GAAP measure is provided below:

    (in thousands)

    Three Months Ended March 31,

     

    2025

     

    2024

    Net income

    $

    8,268

     

    $

    5,193

    Interest expense

     

    23,176

     

     

    20,880

    Income tax expense

     

    2,250

     

     

    2,582

    Depreciation and amortization

     

    13,777

     

     

    15,253

    EBITDA

     

    47,471

     

     

    43,908

    Debt modification and extinguishment expenses

     

    38

     

     

    —

    Selling, general and administrative (non-recurring)

     

    2,199

     

     

    798

    Non-cash stock-based compensation

     

    1,586

     

     

    1,634

    Adjusted EBITDA

    $

    51,294

     

    $

    46,340

    Further detail of certain of these adjustments, and where these items are recorded in our consolidated statements of operations, is provided below:

    (in thousands)

    Three Months Ended March 31,

     

     

    2025

     

     

    2024

    Selling, general and administrative expenses (non-recurring):

     

     

     

    Certain legal fees

     

    1,296

     

     

     

    450

    Professional, accounting and consulting fees

     

    1,044

     

     

     

    189

    Other expenses, net

     

    19

     

     

     

    159

    Litigation settlement

     

    (160

    )

     

     

    —

     

    $

    2,199

     

     

    $

    798

    Adjusted Earnings Per Share (Adjusted EPS)

    Adjusted EPS is a performance measure. Adjusted EPS is calculated by dividing adjusted net income (loss) attributable to common shareholders by weighted average number shares outstanding for the respective periods.

    Adjusted net income attributable to common shareholders begins with net income (loss) attributable to common shareholders adjusted to exclude various items listed below. We believe that adjusted EPS is a measure that is useful to investors and management in understanding our ongoing profitability and in analysis of ongoing profitability trends.

    (in thousands)

    Three Months Ended March 31,

     

     

    2025

     

     

     

    2024

     

    Reconciliation of Adjusted EPS

    Net income (loss) attributable to common shareholders

    $

    8,268

     

     

    $

    (8,050

    )

    Debt extinguishment and modification costs

     

    38

     

     

     

    —

     

    Stock based compensation

     

    1,586

     

     

     

    1,634

     

    Other non-recurring expenses

     

    2,199

     

     

     

    798

     

    Amortization of acquisition related intangible assets

     

    9,314

     

     

     

    11,692

     

    Tax impact of adjustments(1)

     

    (3,556

    )

     

     

    (3,670

    )

    Adjusted net income attributable to common share holders

    $

    17,849

     

     

    $

    2,404

     

     

     

     

     

    Weighted average common shares outstanding (basic)

     

    78,774

     

     

     

    78,021

     

    Effect of dilutive potential common shares

     

    1,083

     

     

     

    204

     

     

    Adjusted Weighted average shares outstanding (diluted)

     

    79,857

     

     

     

    78,225

     

     

     

     

     

    Earnings (loss) per common share:

     

     

     

    Basic

    $

    0.10

     

     

    $

    (0.10

    )

    Diluted

    $

    0.10

     

     

    $

    (0.10

    )

     

     

     

     

    Adjusted earnings per common share

     

     

     

    Basic

    $

    0.23

     

     

    $

    0.03

     

    Diluted

    $

    0.22

     

     

    $

    0.03

    (1)

     

    The tax impact calculated using the blended statutory income tax rate adjusted for discrete items (27.1% and 26.0% for the three months ended March 31, 2025 and March 31, 20204, respectively.)

    Priority does not provide a reconciliation of forward-looking non-GAAP financial measures to their comparable GAAP financial measures because it could not do so without unreasonable effort due to the unavailability of the information needed to calculate reconciling items and due to the variability, complexity and limited visibility of the adjusting items that would be excluded from the non-GAAP financial measures in future periods. When planning, forecasting and analyzing future periods, the Company does so primarily on a non-GAAP basis without preparing a GAAP analysis as that would require estimates for various cash and non-cash reconciling items that would be difficult to predict with reasonable accuracy. For example, stock-based compensation expense would be difficult to estimate because it depends on the Company's future hiring and retention needs, as well as the future fair market value of the Company's common stock, all of which are difficult to predict and subject to constant change. As a result, the Company does not believe that a GAAP reconciliation would provide meaningful supplemental information about the Company's outlook.

    About Priority Technology Holdings, Inc.

    Priority is a solution provider in Payments and Banking as a Service operating at scale with over 1.3 million active customers across its SMB, B2B and Enterprise channels processing approximately $135.0 billion in annual transaction volume and providing administration for over $1.3 billion in account balances. Priority is the payments and banking fintech that streamlines collecting, storing, lending, and sending money through its innovative commerce engine to unlock revenue and generate operational success for businesses. Additional information can be found at www.prioritycommerce.com.

    Forward-Looking Statements

    This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements about future financial and operating results, our plans, objectives, expectations and intentions with respect to future operations, products and services, and other statements identified by words such as "may," "will," "should," "anticipates," "believes," "expects," "plans," "future," "intends," "could," "estimate," "predict," "projects," "targeting," "potential" or "contingent," "guidance," "outlook" or words of similar meaning. These forward-looking statements include, but are not limited to, our 2025 outlook and statements regarding our market and growth opportunities. Such forward-looking statements are based upon the current beliefs and expectations of our management and are inherently subject to significant business, economic and competitive risks, trends and uncertainties that could cause actual results to differ materially from those projected, expressed, or implied by such forward-looking statements. Our actual results could differ materially, and potentially adversely, from those discussed or implied herein.

    We caution that it is very difficult to predict the impact of known factors, and it is impossible for us to anticipate all factors that could affect our actual results. All forward-looking statements are expressly qualified in their entirety by these cautionary statements. You should evaluate all forward-looking statements made in this press release in the context of the risks and uncertainties disclosed in our SEC filings, including our most recent Annual Report on Form 10-K filed with the SEC on March 6, 2025. These filings are available online at www.sec.gov or www.prioritycommerce.com.

    We caution you that the important factors referenced above may not contain all of the factors that are important to you. In addition, we cannot assure you that we will realize the results or developments we expect or anticipate or, even if substantially realized, that they will result in the consequences we anticipate or affect us or our operations in the way we expect. You are cautioned not to place undue reliance on forward-looking statements as a predictor of future performance. The forward-looking statements included in this press release are made only as of the date hereof. We undertake no obligation to publicly update or revise any forward-looking statement as a result of new information, future events or otherwise, except as otherwise required by law. If we do update one or more forward-looking statements, no inference should be made that we will make additional updates with respect to those or other forward-looking statements. We qualify all of our forward-looking statements by these cautionary statements.

    Priority Technology Holdings, Inc.

    Unaudited Consolidated Statements of Operations and Comprehensive Income (Loss)

    (in thousands, except per share amounts)

     

     

    Three Months Ended March 31,

     

     

    2025

     

     

     

    2024

     

    Revenues

    $

    224,630

     

     

    $

    205,719

     

    Operating expenses

     

     

     

    Cost of revenue (excludes depreciation and amortization)

     

    137,353

     

     

     

    129,298

     

    Salary and employee benefits

     

    25,775

     

     

     

    22,150

     

    Depreciation and amortization

     

    13,777

     

     

     

    15,253

     

    Selling, general and administrative

     

    15,100

     

     

     

    10,995

     

    Total operating expenses

     

    192,005

     

     

     

    177,696

     

    Operating income

     

    32,625

     

     

     

    28,023

     

    Other (expense) income

     

     

     

    Interest expense

     

    (23,176

    )

     

     

    (20,880

    )

    Debt extinguishment and modification costs

     

    (38

    )

     

     

    —

     

    Other income, net

     

    1,107

     

     

     

    632

     

    Total other expense, net

     

    (22,107

    )

     

     

    (20,248

    )

    Income before income taxes

     

    10,518

     

     

     

    7,775

     

    Income tax expense

     

    2,250

     

     

     

    2,582

     

    Net income

     

    8,268

     

     

     

    5,193

     

    Less: Dividends and accretion attributable to redeemable senior preferred stockholders

     

    —

     

     

     

    (12,662

    )

    Less: Return on redeemable NCI

     

    —

     

     

     

    (581

    )

    Net income (loss) attributable to common stockholders

    $

    8,268

     

     

    $

    (8,050

    )

    Other comprehensive income (loss)

     

     

     

    Foreign currency translation adjustments

     

    43

     

     

     

    (13

    )

    Comprehensive income (loss)

    $

    8,311

     

     

    $

    (8,063

    )

     

     

     

     

    Earnings (loss) per common share:

     

     

     

    Basic

    $

    0.10

     

     

    $

    (0.10

    )

    Diluted

    $

    0.10

     

     

    $

    (0.10

    )

     

     

     

     

    Adjusted earnings per common share(1):

     

     

     

    Basic

    $

    0.23

     

     

    $

    0.03

     

    Diluted

    $

    0.22

     

     

    $

    0.03

     

     

     

     

     

    Weighted-average common shares outstanding:

     

     

     

    Basic

     

    78,774

     

     

     

    78,021

     

    Diluted

     

    79,857

     

     

     

    78,225

     

    (1)

     

    Adjusted EPS in a non-GAAP earnings measure. See Adjusted EPS reconciliation for further detail.

     

    Priority Technology Holdings, Inc.

    Unaudited Consolidated Balance Sheets

    (in thousands)

     

     

     

     

     

    March 31, 2025

     

    December 31, 2024

    Assets

     

     

     

    Current assets:

     

     

     

    Cash and cash equivalents

    $

    47,587

     

     

    $

    58,600

     

    Restricted cash

     

    11,490

     

     

     

    11,090

     

    Accounts receivable, net of allowances

     

    80,280

     

     

     

    67,969

     

    Prepaid expenses and other current assets

     

    19,962

     

     

     

    22,990

     

    Current portion of notes receivable, net of allowance

     

    2,231

     

     

     

    3,638

     

    Settlement assets and customer/subscriber account balances

     

    1,003,034

     

     

     

    940,798

     

    Total current assets

     

    1,164,584

     

     

     

    1,105,085

     

    Notes receivable, less current portion

     

    6,473

     

     

     

    4,919

     

    Property, equipment and software, net

     

    53,718

     

     

     

    52,477

     

    Goodwill

     

    386,822

     

     

     

    376,091

     

    Intangible assets, net

     

    231,560

     

     

     

    240,874

     

    Deferred income taxes, net

     

    26,933

     

     

     

    24,697

     

    Other noncurrent assets

     

    21,568

     

     

     

    22,717

     

    Total assets

    $

    1,891,658

     

     

     

    1,826,860

     

    Liabilities, Stockholders' Deficit and NCI

     

     

     

    Current liabilities:

     

     

     

    Accounts payable and accrued expenses

    $

    54,414

     

     

    $

    62,149

     

    Accrued residual commissions

     

    40,478

     

     

     

    37,560

     

    Customer deposits and advance payments

     

    2,506

     

     

     

    2,246

     

    Current portion of long-term debt

     

    1,879

     

     

     

    9,503

     

    Settlement and customer/subscriber account obligations

     

    1,003,395

     

     

     

    940,213

     

    Total current liabilities

     

    1,102,672

     

     

     

    1,051,671

     

    Long-term debt, net of current portion, discounts and debt issuance costs

     

    918,944

     

     

     

    920,888

     

    Other noncurrent liabilities

     

    26,467

     

     

     

    19,326

     

    Total liabilities

     

    2,048,083

     

     

     

    1,991,885

     

    Stockholders' deficit:

     

     

     

    Preferred stock

     

    —

     

     

     

    —

     

    Common stock

     

    80

     

     

     

    77

     

    Treasury stock, at cost

     

    (21,077

    )

     

     

    (19,607

    )

    Additional paid-in capital

     

    1,669

     

     

     

    —

     

    Accumulated other comprehensive loss

     

    (133

    )

     

     

    (176

    )

    Accumulated deficit

     

    (138,866

    )

     

     

    (147,134

    )

    Total stockholders' deficit attributable to stockholders of Priority

     

    (158,327

    )

     

     

    (166,840

    )

    Non-controlling interests in consolidated subsidiaries

     

    1,902

     

     

     

    1,815

     

    Total stockholders' deficit

     

    (156,425

    )

     

     

    (165,025

    )

    Total liabilities, stockholders' deficit and NCI

    $

    1,891,658

     

     

    $

    1,826,860

     

     

    Priority Technology Holdings, Inc.

    Unaudited Consolidated Statements of Cash Flows

    (in thousands)

     

     

    Three Months Ended March 31,

     

     

    2025

     

     

     

    2024

     

    Cash flows from operating activities:

     

     

     

    Net income

    $

    8,268

     

     

    $

    5,193

     

    Adjustments to reconcile net income to net cash provided by operating activities:

     

     

     

    Depreciation and amortization of assets

     

    13,777

     

     

     

    15,253

     

    Stock-based, ESPP and incentive units compensation

     

    1,586

     

     

     

    1,633

     

    Amortization of debt issuance costs and discounts

     

    434

     

     

     

    1,065

     

    Debt extinguishment and modification costs

     

    38

     

     

     

    —

     

    Deferred income tax

     

    (2,236

    )

     

     

    (1,872

    )

    Change in contingent consideration

     

    1,006

     

     

     

    972

     

    Other non-cash items, net

     

    (20

    )

     

     

    (259

    )

    Change in operating assets and liabilities:

     

     

     

    Accounts receivable

     

    (12,182

    )

     

     

    (8,339

    )

    Prepaid expenses and other current assets

     

    (73

    )

     

     

    (425

    )

    Income taxes (receivable) payable

     

    4,429

     

     

     

    —

     

    Notes receivable

     

    —

     

     

     

    (266

    )

    Accounts payable and other accrued liabilities

     

    (5,796

    )

     

     

    1,590

     

    Customer deposits and advance payments

     

    260

     

     

     

    157

     

    Other assets and liabilities, net

     

    465

     

     

     

    (1,395

    )

    Net cash provided by operating activities

     

    9,956

     

     

     

    13,307

     

    Cash flows from investing activities:

     

     

     

    Acquisition of business, net of cash acquired

     

    (4,473

    )

     

     

    —

     

    Additions to property, equipment and software

     

    (5,095

    )

     

     

    (6,610

    )

    Notes receivable, net

     

    (147

    )

     

     

    (1,059

    )

    Net cash used in investing activities

     

    (9,715

    )

     

     

    (7,669

    )

    Cash flows from financing activities:

     

     

     

    Debt issuance and modification costs paid

     

    (40

    )

     

     

    —

     

    Repayments of long-term debt

     

    (10,000

    )

     

     

    (1,678

    )

    Repurchases of shares withheld for taxes

     

    (1,470

    )

     

     

    (421

    )

    Dividends paid to redeemable senior preferred stockholders

     

    —

     

     

     

    (7,027

    )

    Proceeds from exercise of stock options

     

    110

     

     

     

    —

     

    Settlement and customer/subscriber accounts obligations, net

     

    59,060

     

     

     

    1,918

     

    Payment of contingent consideration related to business combination

     

    (400

    )

     

     

    (3,071

    )

    Net cash provided by (used in) financing activities

     

    47,260

     

     

     

    (10,279

    )

    Net change in cash and cash equivalents and restricted cash:

     

     

     

    Net increase in cash and cash equivalents, and restricted cash

     

    47,501

     

     

     

    (4,641

    )

    Cash and cash equivalents and restricted cash at beginning of period

     

    993,864

     

     

     

    796,223

     

    Cash and cash equivalents and restricted cash at end of period

    $

    1,041,365

     

     

    $

    791,582

     

     

     

     

     

    Reconciliation of cash and cash equivalents, and restricted cash:

     

     

     

    Cash and cash equivalents

    $

    47,587

     

     

    $

    34,290

     

    Restricted cash

     

    11,490

     

     

     

    12,658

     

    Cash and cash equivalents included in settlement assets and customer/subscriber account balances (restricted in nature)

     

    982,288

     

     

     

    744,634

     

    Total cash and cash equivalents, and restricted cash

    $

    1,041,365

     

     

    $

    791,582

     

     

    Priority Technology Holdings, Inc.

    Unaudited Reportable Segments' Results

    (in thousands)

     

     

    Three Months Ended March 31,

     

    2025

     

    2024

    SMB Payments:

     

     

     

    Revenues

    $

    151,690

     

    $

    144,005

    Adjusted EBITDA

    $

    25,705

     

    $

    25,023

     

     

     

     

    Key Indicators:

     

     

     

    Merchant bankcard processing dollar value

    $

    15,294,133

     

    $

    14,788,095

    Merchant bankcard transaction count

     

    185,539

     

     

    175,228

    Total card processing dollar value

    $

    17,685,491

     

    $

    17,098,758

     

     

     

     

    B2B Payments:

     

     

     

    Revenues

    $

    23,918

     

    $

    21,344

    Adjusted EBITDA

    $

    3,516

     

    $

    1,747

     

     

     

     

    Key Indicators:

     

     

     

    B2B issuing dollar volume

    $

    237,290

     

    $

    227,811

    B2B issuing transaction count

     

    211

     

     

    240

     

     

     

     

    Enterprise Payments:

     

     

     

    Revenues

    $

    50,088

     

    $

    40,990

    Adjusted EBITDA

    $

    42,442

     

    $

    34,727

     

     

     

     

    Key Indicators:

     

     

     

    Average CFTPay billed clients

     

    940,463

     

     

    703,887

    Average CFTPay monthly new enrollments

     

    55,946

     

     

    53,551

     

    Priority Technology Holdings, Inc.

    Unaudited Reportable Segments' Results

    (in thousands)

     

     

     

    Three Months Ended March 31, 2025

     

     

    SMB Payments

     

    B2B Payments

     

    Enterprise Payments

     

    Corporate

     

    Total Consolidated

    Reconciliation of Adjusted EBITDA to GAAP Measure:

    Adjusted EBITDA

     

    $

    25,705

     

     

    $

    3,516

     

     

    $

    42,442

     

     

    $

    (20,369

    )

     

    $

    51,294

     

    Interest expense

     

     

    —

     

     

     

    (1,006

    )

     

     

    —

     

     

     

    (22,170

    )

     

     

    (23,176

    )

    Depreciation and amortization

     

     

    (6,625

    )

     

     

    (1,261

    )

     

     

    (4,642

    )

     

     

    (1,249

    )

     

     

    (13,777

    )

    Debt modification and extinguishment expenses

     

     

    —

     

     

     

    —

     

     

     

    —

     

     

     

    (38

    )

     

     

    (38

    )

    Selling, general and administrative (non-recurring)

     

     

    —

     

     

     

    —

     

     

     

    —

     

     

     

    (2,199

    )

     

     

    (2,199

    )

    Non-cash stock based compensation

     

     

    (4

    )

     

     

    (84

    )

     

     

    (32

    )

     

     

    (1,466

    )

     

     

    (1,586

    )

    Income (loss) before taxes

     

    $

    19,076

     

     

    $

    1,165

     

     

    $

    37,768

     

     

    $

    (47,491

    )

     

    $

    10,518

     

    Income tax expense

     

     

     

     

     

     

     

     

     

     

    (2,250

    )

    Net Income

     

     

     

     

     

     

     

     

     

    $

    8,268

     

     

     

    Three Months Ended March 31, 2024

     

     

    SMB Payments

     

    B2B Payments

     

    Enterprise Payments

     

    Corporate

     

    Total Consolidated

    Reconciliation of Adjusted EBITDA to GAAP Measure:

    Adjusted EBITDA

     

    $

    25,023

     

     

    $

    1,747

     

     

    $

    34,727

     

     

    $

    (15,157

    )

     

    $

    46,340

     

    Interest expense

     

     

    (1

    )

     

     

    (973

    )

     

     

    —

     

     

     

    (19,906

    )

     

     

    (20,880

    )

    Depreciation and amortization

     

     

    (8,586

    )

     

     

    (1,470

    )

     

     

    (4,039

    )

     

     

    (1,158

    )

     

     

    (15,253

    )

    Selling, general and administrative (non-recurring)

     

     

    —

     

     

     

    —

     

     

     

    —

     

     

     

    (798

    )

     

     

    (798

    )

    Non-cash stock based compensation

     

     

    (4

    )

     

     

    (118

    )

     

     

    (32

    )

     

     

    (1,480

    )

     

     

    (1,634

    )

    Income (loss) before taxes

     

    $

    16,432

     

     

    $

    (814

    )

     

    $

    30,656

     

     

    $

    (38,499

    )

     

    $

    7,775

     

    Income tax expense

     

     

     

     

     

     

     

     

     

     

    (2,582

    )

    Net Income

     

     

     

     

     

     

     

     

     

    $

    5,193

     

     

    View source version on businesswire.com: https://www.businesswire.com/news/home/20250506323800/en/

    Priority Investor Inquiries:

    [email protected]

    Get the next $PRTH alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Recent Analyst Ratings for
    $PRTH

    DatePrice TargetRatingAnalyst
    1/16/2025$10.00 → $14.00Mkt Perform → Outperform
    Keefe Bruyette
    12/15/2023$5.00 → $10.00Neutral → Buy
    B. Riley Securities
    10/16/2023$4.50Mkt Perform
    Keefe Bruyette
    7/31/2023$7.00Buy
    Lake Street
    6/23/2023$5.00Neutral
    B. Riley Securities
    3/30/2022$14.00Buy
    B. Riley Securities
    More analyst ratings

    $PRTH
    Financials

    Live finance-specific insights

    See more
    • Priority Technology Holdings, Inc. Reports First Quarter Financial Results

      Strong First Quarter Growth Driven by Performance Across Unified Commerce Platform Priority Technology Holdings, Inc. (NASDAQ:PRTH) ("Priority" or the "Company"), the payments and banking fintech that streamlines collecting, storing, lending, and sending money to unlock revenue opportunities, today announced its first quarter 2025 financial results including strong year-over-year diversified revenue growth. "Strong first quarter growth in revenue and profits continues to demonstrate the value of our Priority Commerce Engine, purpose built to help our customers accelerate cash flow and optimize working capital. We delivered consistent results across each of our SMB Acquiring, B2B Payables

      5/6/25 7:30:00 AM ET
      $PRTH
      Business Services
      Consumer Discretionary
    • Priority Technology Holdings, Inc. To Announce First Quarter 2025 Financial Results on May 6, 2025

      Priority Technology Holdings, Inc. (NASDAQ:PRTH) ("Priority" or the "Company"), the unified commerce engine that helps businesses unlock revenue opportunities, today announced that it will release its first quarter 2025 financial results on Tuesday, May 6, 2025, before markets open. The Company will host a conference call and webcast to discuss its financial and operating results at 11:00 AM ET the same day. A question-and-answer session will follow. First Quarter 2025 Conference Call Tuesday, May 6, 2025 11:00 AM Eastern Time Phone: US/Canada: 877-407-0752 or International: 201-389-0912 Internet webcast link and accompanying slide presentation can be accessed at https://viavid.web

      4/22/25 4:05:00 PM ET
      $PRTH
      Business Services
      Consumer Discretionary
    • Priority Technology Holdings, Inc. Announces Fourth Quarter and Full Year 2024 Financial Results

      Strong Fourth Quarter Growth Driven by Performance Across Diverse Business Segments Priority Technology Holdings, Inc. (NASDAQ:PRTH) ("Priority" or the "Company"), a payments and banking fintech that streamlines collecting, storing, lending and sending money through its innovative commerce engine (the "Priority Commerce Engine" or "PCE") to unlock revenue opportunities and generate operational success for businesses, has announced its fourth quarter and full year 2024 financial results including strong year-over-year revenue and profit growth. Highlights of Consolidated Results Fourth Quarter 2024 Compared with Fourth Quarter 2023 Financial highlights of the fourth quarter of 2024 compa

      3/6/25 7:30:00 AM ET
      $PRTH
      Business Services
      Consumer Discretionary

    $PRTH
    Leadership Updates

    Live Leadership Updates

    See more
    • Priority Technology Holdings, Inc., Announces Planned Retirement of Co-Founder John V. Priore and Appointment of Clayton Main to Board of Directors

      Priority Technology Holdings, Inc. (NASDAQ:PRTH) ("Priority" or the "Company"), the payments and banking solution that streamlines collecting, storing, lending and sending money to unlock revenue opportunities, today announced the planned retirement of co-founder John V. Priore from the board of directors effective April 1, 2025. Clayton Main has been appointed to the board of directors effective April 1, 2025. John Priore was one of the original founders of Priority in 2005. "It has been an honor to be part of the evolution of Priority from its days as a young startup to today's fast growing public company," he said. "While I look forward to my future, I am very excited to watch all that

      2/27/25 4:05:00 PM ET
      $PRTH
      Business Services
      Consumer Discretionary
    • Priority Technology Holdings, Inc. Appoints Marc Crisafulli to Board of Directors

      Priority Technology Holdings, Inc. (NASDAQ:PRTH) ("Priority" or the "Company"), the platform for unified commerce that delivers integrated payments and banking at scale, today announced that its Board has appointed Marc Crisafulli as Director. Crisafulli is an experienced executive and has over 30 years in legal, compliance and regulatory governance roles with various companies. In his most recent role, Crisafulli served as Executive Vice President, Government Relations, Legal and Regulatory at Bally's Corporation. Prior to that, Mr. Crisafulli held senior leadership roles with Brightstar Corporation and Suffolk Construction Company and was managing partner at Hinkley Allen & Snyder. "Mar

      11/10/22 4:00:00 PM ET
      $PRTH
      Business Services
      Consumer Discretionary
    • Priority Technology Holdings, Inc. Announces Appointment of Chief Financial Officer

      Priority Technology Holdings, Inc. (NASDAQ:PRTH) ("Priority" or the "Company"), a leading payments technology company delivering unified commerce solutions through its payments and banking as a service platform, is pleased to announce the appointment of Tim O'Leary to the position of Chief Financial Officer (CFO). Mr. O'Leary replaces Mike Vollkommer, who will retire on September 16. "We are excited to have Tim join Priority. His deep experience raising capital for technology companies, coupled with his extensive financial expertise and leadership, make him an excellent fit for this key role at Priority as we continue to achieve great results and execute on our transformative growth strate

      9/7/22 7:00:00 AM ET
      $PRTH
      Business Services
      Consumer Discretionary

    $PRTH
    Press Releases

    Fastest customizable press release news feed in the world

    See more

    $PRTH
    SEC Filings

    See more

    $PRTH
    Insider Purchases

    Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

    See more

    $PRTH
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • Priority Technology Holdings, Inc. Reports First Quarter Financial Results

      Strong First Quarter Growth Driven by Performance Across Unified Commerce Platform Priority Technology Holdings, Inc. (NASDAQ:PRTH) ("Priority" or the "Company"), the payments and banking fintech that streamlines collecting, storing, lending, and sending money to unlock revenue opportunities, today announced its first quarter 2025 financial results including strong year-over-year diversified revenue growth. "Strong first quarter growth in revenue and profits continues to demonstrate the value of our Priority Commerce Engine, purpose built to help our customers accelerate cash flow and optimize working capital. We delivered consistent results across each of our SMB Acquiring, B2B Payables

      5/6/25 7:30:00 AM ET
      $PRTH
      Business Services
      Consumer Discretionary
    • Minnesota Wild Selects Priority to Streamline Ticket Payments and Drive New Revenue

      The Minnesota Wild has partnered with Priority Sports, a unit of Priority, to enhance the team's ticketing operations with seamless payment processing and scalable financial technology. Since March, Priority Sports has handled transactions for the Wild's ticket sales, delivering fast, secure, and reliable service for fans while powering operational efficiency behind the scenes. "The launch of Priority Sports is a strategic expansion of our mission to simplify and optimize commerce for every business," said Priority CEO Tom Priore. "We're proud to support the Minnesota Wild with technology that not only improves the fan experience, but also unlocks real savings and new revenue opportunitie

      5/1/25 1:20:00 PM ET
      $PRTH
      Business Services
      Consumer Discretionary
    • Priority Technology Holdings, Inc. To Announce First Quarter 2025 Financial Results on May 6, 2025

      Priority Technology Holdings, Inc. (NASDAQ:PRTH) ("Priority" or the "Company"), the unified commerce engine that helps businesses unlock revenue opportunities, today announced that it will release its first quarter 2025 financial results on Tuesday, May 6, 2025, before markets open. The Company will host a conference call and webcast to discuss its financial and operating results at 11:00 AM ET the same day. A question-and-answer session will follow. First Quarter 2025 Conference Call Tuesday, May 6, 2025 11:00 AM Eastern Time Phone: US/Canada: 877-407-0752 or International: 201-389-0912 Internet webcast link and accompanying slide presentation can be accessed at https://viavid.web

      4/22/25 4:05:00 PM ET
      $PRTH
      Business Services
      Consumer Discretionary
    • SEC Form 10-Q filed by Priority Technology Holdings Inc.

      10-Q - Priority Technology Holdings, Inc. (0001653558) (Filer)

      5/6/25 9:18:11 AM ET
      $PRTH
      Business Services
      Consumer Discretionary
    • Priority Technology Holdings Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Regulation FD Disclosure, Financial Statements and Exhibits

      8-K - Priority Technology Holdings, Inc. (0001653558) (Filer)

      5/6/25 7:44:12 AM ET
      $PRTH
      Business Services
      Consumer Discretionary
    • SEC Form DEFA14A filed by Priority Technology Holdings Inc.

      DEFA14A - Priority Technology Holdings, Inc. (0001653558) (Filer)

      5/5/25 5:14:56 PM ET
      $PRTH
      Business Services
      Consumer Discretionary
    • President, CEO and Chairman Priore Thomas Charles bought $2,129,546 worth of shares (598,187 units at $3.56), increasing direct ownership by 2% to 34,319,476 units (SEC Form 4)

      4 - Priority Technology Holdings, Inc. (0001653558) (Issuer)

      6/18/24 5:08:54 PM ET
      $PRTH
      Business Services
      Consumer Discretionary
    • O'Leary Tim bought $41,000 worth of shares (10,000 units at $4.10), increasing direct ownership by 20% to 59,752 units (SEC Form 4)

      4 - Priority Technology Holdings, Inc. (0001653558) (Issuer)

      6/5/24 8:15:40 PM ET
      $PRTH
      Business Services
      Consumer Discretionary
    • Priority Technology Holdings upgraded by Keefe Bruyette with a new price target

      Keefe Bruyette upgraded Priority Technology Holdings from Mkt Perform to Outperform and set a new price target of $14.00 from $10.00 previously

      1/16/25 11:09:20 AM ET
      $PRTH
      Business Services
      Consumer Discretionary
    • Priority Technology Holdings upgraded by B. Riley Securities with a new price target

      B. Riley Securities upgraded Priority Technology Holdings from Neutral to Buy and set a new price target of $10.00 from $5.00 previously

      12/15/23 8:19:45 AM ET
      $PRTH
      Business Services
      Consumer Discretionary
    • Keefe Bruyette initiated coverage on Priority Technology Holdings with a new price target

      Keefe Bruyette initiated coverage of Priority Technology Holdings with a rating of Mkt Perform and set a new price target of $4.50

      10/16/23 7:43:27 AM ET
      $PRTH
      Business Services
      Consumer Discretionary

    $PRTH
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Director Favilla Christina M converted options into 2,436 shares and returned $4,754 worth of shares to the company (697 units at $6.82), increasing direct ownership by 1% to 125,239 units (SEC Form 4)

      4 - Priority Technology Holdings, Inc. (0001653558) (Issuer)

      4/2/25 2:52:21 PM ET
      $PRTH
      Business Services
      Consumer Discretionary
    • Director Crisafulli Marc A converted options into 2,436 shares, increasing direct ownership by 3% to 80,495 units (SEC Form 4)

      4 - Priority Technology Holdings, Inc. (0001653558) (Issuer)

      4/2/25 2:51:32 PM ET
      $PRTH
      Business Services
      Consumer Discretionary
    • Director Davis Marietta converted options into 2,436 shares and returned $4,549 worth of shares to the company (667 units at $6.82), increasing direct ownership by 2% to 84,569 units (SEC Form 4)

      4 - Priority Technology Holdings, Inc. (0001653558) (Issuer)

      4/2/25 2:50:45 PM ET
      $PRTH
      Business Services
      Consumer Discretionary

    $PRTH
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • Amendment: SEC Form SC 13D/A filed by Priority Technology Holdings Inc.

      SC 13D/A - Priority Technology Holdings, Inc. (0001653558) (Subject)

      6/21/24 4:44:08 PM ET
      $PRTH
      Business Services
      Consumer Discretionary
    • Amendment: SEC Form SC 13D/A filed by Priority Technology Holdings Inc.

      SC 13D/A - Priority Technology Holdings, Inc. (0001653558) (Subject)

      6/21/24 4:42:10 PM ET
      $PRTH
      Business Services
      Consumer Discretionary
    • SEC Form SC 13G filed by Priority Technology Holdings Inc.

      SC 13G - Priority Technology Holdings, Inc. (0001653558) (Subject)

      2/14/22 10:02:01 AM ET
      $PRTH
      Business Services
      Consumer Discretionary