Priority Technology Holdings, Inc. PRTH
Priority a payments and banking fintech purpose-built to collect, store, lend and send money with a connected commerce engine that combines full-service merchant acquiring for accounts receivable, complete automated payables tools for bill payment, and sophisticated treasury management solutions to accelerate cash flow and optimize working capital for its customers. Priority operates at scale across three primary business segments: Merchant Solutions, Payables and Treasury Solutions and is presently serving approximately 1.8 million customer accounts processing approximately $150.0 billion in annual transaction activity while administering approximately $1.7 billion dollars in account balances. The Priority Commerce Engine serves enterprise grade independent software vendors (ISV's), as well as discrete institutional and Merchant Solutions customers across all major sectors of the U.S. economy including Retail, Hospitality, Healthcare, Real Estate, Government, Utility, Education, Non-Profit, Business-to-Business, Professional Services and Financial Institutions. Priority builds with intention, utilizing market research and stakeholder feedback to drive growth activity. The result is an end-to-end solution that customers leverage across their financial lifecycle, engineered to accelerate cash flow and optimize working capital. Trust is paramount in partnerships with customers, which is why Priority works with multiple, proven partners, to ensure our customers experience the security and peace of mind that comes with diversification, while enjoying the cost and time-saving benefits of consolidation. Priority centralizes all money movement activity within a single, integrated platform, empowering users to seamlessly collect, store, lend, and send money. Highly configurable and easy to use, the Priority Commerce Engine enables financial agility and operational stability for today's fastest-growing enterprises.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $953.0M | $879.7M | $755.6M | $663.6M | $514.9M | $404.3M | $371.9M | $375.8M | $382.2M | $344.1M |
| Cost of revenue | — | — | — | — | — | $277.4M | $252.6M | $269.3M | $278.5M | — |
| Gross profit | — | — | — | — | — | $127.0M | $119.3M | $106.5M | $103.7M | — |
| SG&A | $62.5M | $47.4M | $45.4M | $35.0M | $28.4M | $25.8M | $30.8M | $32.1M | $22.1M | $16.9M |
| Total operating expenses | $811.8M | $746.3M | $674.1M | $607.5M | $481.8M | $383.5M | $364.7M | $359.4M | $347.7M | $318.3M |
| Operating income | $141.2M | $133.4M | $81.5M | $56.2M | $33.1M | $20.9M | $7.2M | $16.4M | $34.5M | $25.8M |
| Interest expense | $90.7M | $88.9M | $76.1M | $53.6M | $36.5M | $44.8M | $40.7M | $29.9M | $25.1M | $4.8M |
| Pre-tax income | $46.3M | $37.3M | $7.2M | $3.2M | $6.6M | $36.6M | -$32.8M | -$15.3M | $3.8M | $20.2M |
| Income tax | $9.4M | $13.3M | $8.5M | $5.3M | $5.3M | $10.9M | $830.0K | $2.5M | $0 | $0 |
| Net income | $55.7M | $24.0M | -$1.3M | -$2.1M | $1.4M | $25.7M | -$33.6M | -$17.8M | $3.8M | $20.2M |
| EPS, basic | 0.70 | -0.31 | -0.63 | -0.50 | -0.34 | 0.38 | -0.50 | -0.29 | — | — |
| EPS, diluted | 0.68 | -0.31 | -0.63 | -0.50 | -0.34 | 0.38 | -0.50 | -0.29 | 0.05 | 0.15 |
| Shares, diluted (wtd. avg.) | $81.5M | $78.0M | $78.3M | $78.2M | $71.9M | $67.3M | $67.1M | $61.6M | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $77.2M | $58.6M | $39.6M | $560.6M | $518.1M | $88.1M | $50.5M | $33.8M | $44.2M | $41.7M |
| Receivables | $91.3M | $68.0M | $58.6M | $78.1M | $58.4M | $41.3M | $38.0M | $36.3M | $47.4M | — |
| Inventory | $8.1M | $7.7M | — | — | — | — | — | — | — | — |
| Total current assets | $1.52B | $1.11B | $881.3M | $652.5M | $603.1M | $135.9M | $94.2M | $75.1M | $106.0M | $418.8K |
| Property, plant and equipment | $58.6M | $52.5M | $44.7M | $34.7M | $25.2M | $22.9M | $23.5M | $17.5M | $11.9M | — |
| Goodwill | $416.6M | $376.1M | $376.1M | $369.3M | $13.8M | $106.8M | $109.5M | $109.5M | $101.5M | — |
| Other intangibles | $315.2M | $240.9M | $273.4M | $288.8M | $340.2M | $98.1M | $182.8M | $124.6M | $42.1M | — |
| Total assets | $2.40B | $1.83B | $1.62B | $1.37B | $1.35B | $417.8M | $464.5M | $379.3M | $266.7M | $55.2M |
| Accounts payable | $19.6M | $14.6M | $11.0M | $51.9M | $42.5M | $29.8M | $27.0M | $27.6M | $18.6M | $111.0K |
| Short-term debt | $0 | $9.5M | $6.7M | $6.2M | $6.2M | $19.4M | $4.0M | $3.3M | $7.6M | — |
| Total current liabilities | $1.41B | $1.05B | $852.1M | $630.0M | $583.6M | $148.8M | $93.0M | $63.3M | $66.5M | $150.1K |
| Long-term debt | $1.04B | $920.9M | $632.0M | $598.9M | $604.1M | $357.9M | $485.6M | $402.1M | $267.9M | — |
| Total liabilities | $2.49B | $1.99B | $1.50B | $1.24B | $1.21B | $516.4M | $585.2M | $473.3M | $356.9M | $1.2M |
| Retained earnings | -$91.5M | -$147.1M | -$135.0M | -$102.2M | -$100.1M | -$102.0M | -$127.7M | -$94.1M | -$90.2M | -$118.2K |
| Total equity | -$100.4M | -$166.8M | -$146.1M | -$102.8M | -$64.2M | -$98.6M | -$120.7M | -$94.0M | -$95.9M | $111.0M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $100.0M | $85.6M | $81.3M | $70.5M | $9.4M | $12.2M | $12.1M | $31.3M | $36.9M | $22.3M |
| Depreciation and amortisation | $63.2M | $58.0M | $68.4M | $70.7M | $49.7M | $40.8M | $39.1M | $19.7M | $14.7M | $14.7M |
| Stock-based compensation | $10.8M | $6.1M | $6.8M | $6.2M | $3.2M | $2.4M | $3.7M | $1.6M | $1.0M | $2.3M |
| Capital expenditure | $24.9M | $21.7M | $21.3M | $18.9M | $9.7M | $7.5M | $11.1M | $10.6M | $6.6M | $4.1M |
| Investing cash flow | -$174.0M | -$35.5M | -$55.7M | -$36.5M | -$451.0M | $166.4M | -$97.7M | -$108.9M | -$9.0M | -$6.4M |
| Financing cash flow | $426.2M | $147.6M | $210.1M | $8.5M | $871.6M | -$140.9M | $102.3M | $67.3M | -$25.4M | -$10.5M |
| Dividends paid | $0 | $23.6M | $24.7M | $11.5M | $7.5M | $0 | $0 | $7.1M | $3.4M | $10.0M |
| Buybacks | — | $5.8M | $1.3M | $5.8M | $1.7M | $0 | $2.4M | $0 | $0 | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001653558-26-000090.
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