Priority Technology Holdings Inc
NASDAQ:PRTH

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Priority Technology Holdings Inc
NASDAQ:PRTH
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Price: 4.96 USD -0.6%
Market Cap: $408.2m

Priority Technology Holdings Inc
Investor Relations

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.

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Last Earnings Call
Fiscal Period
Q4 2025
Call Date
Mar 10, 2026
AI Summary
Q4 2025

Revenue: Q4 revenue was $247.1 million, up 9% year-over-year, and management guided 2026 revenue to $1.01–$1.04 billion (6%–9% growth).

Profitability: Q4 adjusted gross profit was $100.2 million (up 19%) and adjusted EBITDA was $60.1 million (up 16%); full-year 2026 adjusted EBITDA guidance is $230–$245 million.

Segment strength: Payables and Treasury Solutions drove margin expansion and represented the majority of adjusted gross profit; Treasury grew 17.8% in Q4 and Payables grew 12.7%.

Customer & volume momentum: Total customer accounts reached 1.8 million (from 1.2 million), annual transaction volume rose to $150 billion, and average account balances AUA increased to $1.7 billion.

Capital and cash flow: Debt was $1.02 billion at quarter end with $177 million available liquidity; Q4 free cash flow was $28 million and run-rate FCF ~ $112 million (~$1.34 per diluted share).

Guidance & assumptions: 2026 guidance assumes continued macro stability, lower interest rates headwinds, and continued investment in early-stage Priority Tech Ventures; management expects gross margin expansion of 75–100 bps.

Execution risks & priorities: Management reiterated longer enterprise/ISV sales cycles, a disciplined M&A filter, continued sales hires to go upmarket, and remediation of a previously identified material weakness in controls (now remediated).

Key Financials
Revenue (Q4)
$247.1 million
Revenue (2026 guidance)
$1.01 billion to $1.04 billion
Adjusted gross profit (Q4)
$100.2 million
Adjusted EBITDA (Q4)
$60.1 million
Adjusted gross profit margin (Q4)
40.6%
Adjusted EPS (FY2025)
$1.03
Total customer accounts
1.8 million
Annual transaction volume
$150 billion
Average account balances under administration
$1.7 billion
Merchant Solutions revenue (Q4)
$165.3 million
Merchant total card volume (Q4)
$18.5 billion
Merchant adjusted gross profit (Q4)
$40.1 million
Merchant gross margin (Q4)
24.3%
Merchant adjusted EBITDA (Q4)
$30.6 million
Payables revenue (Q4)
$26.8 million
Payables buyer-funded revenue (Q4)
$20.9 million
Payables supplier-funded revenue (Q4)
$5.8 million
Payables adjusted gross profit (Q4)
$7.4 million
Payables gross margin (Q4)
27.6%
Payables adjusted EBITDA (Q4)
$3.9 million
Treasury Solutions revenue (Q4)
$57.3 million
Treasury adjusted gross profit (Q4)
$52.7 million
Treasury gross margin (Q4)
91.9%
Treasury adjusted EBITDA (Q4)
$47.6 million
Salaries and benefits (Q4)
$28.8 million
SG&A (Q4)
$17.7 million
Debt (Q4 end)
$1.02 billion
Available liquidity (Q4 end)
$177 million
Free cash flow (Q4)
$28 million
LTM adjusted EBITDA
$225.2 million
Net debt (Q4 end)
$945.4 million
Net leverage (Q4 end)
4.2x
Earnings Call Recording
Other Earnings Calls

Management

Mr. Thomas Charles Priore
Executive Chairman, President & CEO
No Bio Available
Mr. Timothy O'Leary
Chief Financial Officer
No Bio Available
Mr. Bradley J. Miller J.D.
General Counsel, Chief Risk Officer & Corporate Secretary
No Bio Available
Ms. Ranjana Ram C.F.A.
Chief Operating Officer
No Bio Available
Mr. Rajiv Kumar
Senior VP & Chief Accounting Officer
No Bio Available
Mr. Yi Sun
Chief Technology Officer
No Bio Available
Mr. David Faupel
Chief Marketing Officer
No Bio Available
Mayrov Eagan
Senior Vice President of Human Resources
No Bio Available
Mr. Sean M. Kiewiet
Chief Strategy Officer
No Bio Available
Anthony Martin Bonventre
Executive Vice President of Operations
No Bio Available

Contacts

Address
GEORGIA
Alpharetta
2001 Westside Pkwy Ste 155
Contacts
+18009355961.0
prth.com
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