Priority Technology Holdings Inc
NASDAQ:PRTH
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Priority Technology Holdings Inc
Priority Technology Holdings, Inc. is a provider of merchant acquiring and commercial payments solutions with a platform of micro services that activate and monetize vertically specialized merchant networks. The company is headquartered in Alpharetta, Georgia and currently employs 783 full-time employees. The company went IPO on 2016-09-14. The firm offers a single technology platform for integrated payments, low friction merchant boarding, underwriting, risk management and compliance monitoring to businesses, enterprises and distribution partners, such as retail independent sales organizations (ISOs), financial institutions (FIs), wholesale ISOs and independent software vendors (ISVs). The firm through three segments: Consumer Payments, Commercial Payments and Integrated Partners. Consumer Payments segment provides consumer-related services and offerings including merchant acquiring and transaction processing services including the MX enterprise suite. Commercial Payments segment provides services to certain enterprise customers, including outsourced sales force to those customers and accounts payable automation services to commercial customers.
Priority Technology Holdings, Inc. is a provider of merchant acquiring and commercial payments solutions with a platform of micro services that activate and monetize vertically specialized merchant networks. The company is headquartered in Alpharetta, Georgia and currently employs 783 full-time employees. The company went IPO on 2016-09-14. The firm offers a single technology platform for integrated payments, low friction merchant boarding, underwriting, risk management and compliance monitoring to businesses, enterprises and distribution partners, such as retail independent sales organizations (ISOs), financial institutions (FIs), wholesale ISOs and independent software vendors (ISVs). The firm through three segments: Consumer Payments, Commercial Payments and Integrated Partners. Consumer Payments segment provides consumer-related services and offerings including merchant acquiring and transaction processing services including the MX enterprise suite. Commercial Payments segment provides services to certain enterprise customers, including outsourced sales force to those customers and accounts payable automation services to commercial customers.
Revenue Guidance Lowered: Full-year revenue guidance was revised down to $950–965 million from the prior $970–990 million due to softer-than-expected growth, especially in Merchant Solutions.
Profitability Improved: Despite lowered revenue outlook, the company raised the lower end of its full-year adjusted gross profit and adjusted EBITDA guidance, citing margin expansion.
Strong Segment Growth: Payables and Treasury Solutions posted robust revenue growth of 14% and 18% respectively, helping offset slower growth in Merchant Solutions.
Merchant Solutions Slowdown: Merchant Solutions revenue grew just 2% due to weaker same-store sales, particularly in restaurants, construction, and wholesale trade, with headwinds expected to persist.
Recurring Revenue Rising: Over 64% of adjusted gross profit was from recurring, non-transaction-based streams, up from under 60% last year.
Strategic Acquisitions: The company closed acquisitions of Boom Commerce and Dealer Merchant Services, and launched a residual financing facility to support partner growth.
Free Cash Flow & Debt: $29 million in free cash flow was generated in Q3, allowing for a $15 million debt prepayment; continued focus on debt reduction is planned for 2026.
