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Priority Technology Holdings, Inc. operates as a payment technology company in the United States. The company operates through three segments: Merchant Solutions, Payables, and Treasury Solutions. The company offers merchant solutions, such as full-service acquiring and payment-enabled solutions for B2C transactions, leveraging proprietary software platform, distributed through independent sales organizations, direct sales, and vertically focused independent software vendors channels. It also offers MX product suite, which includes MX Connect and MX Merchant products, which provides flexible and customizable set of business applications that helps to manage critical business work functions and revenue performance using core payment processing. In addition, the company offers CPX, a platform that offers accounts payable automation solutions, including virtual card, purchase card, ACH +, dynamic discounting, or check. Further, it provides accounts payable automation solutions to corporations, software partners and financial institutions, including Citibank, Visa, and Mastercard. Additionally, the company offers embedded finance and BaaS solutions to customers to modernize legacy platforms and accelerate software partners' strategies to monetize payments. It serves SMB and enterprises, as well as distribution partners, including retail and wholesale independent sales organizations, financial institutions, and independent software vendors and value-added resellers. The company was formerly known as Priority Holdings, LLC and changed its name to Priority Technology Holdings, Inc. in July 2018. Priority Technology Holdings, Inc. was founded in 2005 and is headquartered in Alpharetta, Georgia.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $953M | $200M | $56M | $75M | -55.5% | 8.3% | 131.9% |
| 2024 | $880M | $184M | $24M | $64M | -14.4% | 16.4% | -1931.8% |
| 2023 | $756M | $152M | $-1M | $60M | 0.9% | 13.9% | -39.0% |
| 2022 | $664M | $127M | $-2M | $52M | 2.1% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 663.64 | 755.61 | 879.70 | 953.01 |
| Operating Revenue | - | 663.64 | 755.61 | 879.70 | 953.01 |
| Cost Of Revenue | - | 436.75 | 480.31 | 551.62 | 578.32 |
| Gross Profit | - | 226.89 | 275.30 | 328.08 | 374.69 |
| Operating Expense | - | 170.72 | 193.78 | 194.66 | 233.45 |
| Selling General And Administration | - | 100.04 | 125.39 | 136.62 | 170.27 |
| Total Expenses | - | 607.48 | 674.09 | 746.28 | 811.76 |
| Operating Income | - | 56.16 | 81.52 | 133.42 | 141.24 |
| Total Operating Income As Reported | - | 56.16 | 81.52 | 133.42 | 141.24 |
| EBITDA | - | 127.44 | 151.66 | 184.27 | 200.12 |
| Normalized EBITDA | - | 127.44 | 151.66 | 194.64 | 212.63 |
| EBIT | - | 56.75 | 83.26 | 126.23 | 136.93 |
| Interest Expense | - | 53.55 | 76.11 | 88.95 | 90.65 |
| Net Interest Income | - | -53.55 | -76.11 | -88.95 | -90.65 |
| Other Non Operating Income Expenses | - | 0.59 | 1.74 | 3.18 | 8.20 |
| Other Income Expense | - | 0.59 | 1.74 | -7.19 | -4.31 |
| Interest Expense Non Operating | - | 53.55 | 76.11 | 88.95 | 90.65 |
| Net Non Operating Interest Income Expense | - | -53.55 | -76.11 | -88.95 | -90.65 |
| Pretax Income | - | 3.20 | 7.15 | 37.28 | 46.28 |
| Tax Provision | - | 5.35 | 8.46 | 13.27 | -9.40 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | 0 | -3.69 | -2.63 |
| Net Income Continuous Operations | - | -2.15 | -1.31 | 24.02 | 55.68 |
| Net Income From Continuing And Discontinued Operation | - | -2.15 | -1.31 | 24.02 | 55.68 |
| Net Income From Continuing Operation Net Minority Interest | - | -2.15 | -1.31 | 24.02 | 55.68 |
| Net Income | - | -2.15 | -1.31 | 24.02 | 55.68 |
| Net Income Common Stockholders | - | -39.03 | -49.06 | -23.96 | 55.68 |
| Net Income Including Noncontrolling Interests | - | -2.15 | -1.31 | 24.02 | 55.68 |
| Normalized Income | - | -2.15 | -1.31 | 30.69 | 65.57 |
| Diluted NI Availto Com Stockholders | - | -39.03 | -49.06 | -23.96 | 55.68 |
| Basic Average Shares | - | 78.23 | 78.33 | 77.99 | 79.80 |
| Diluted Average Shares | - | 78.23 | 78.33 | 77.99 | 81.47 |
| Reconciled Depreciation | - | 70.68 | 68.40 | 58.04 | 63.18 |
| Reconciled Cost Of Revenue | - | 436.75 | 480.31 | 551.62 | 578.32 |
| Total Unusual Items | - | 0 | 0 | -10.37 | -12.51 |
| Total Unusual Items Excluding Goodwill | - | 0 | 0 | -10.37 | -12.51 |
| Preferred Stock Dividends | 18.01 | 36.88 | 47.74 | 47.34 | - |
| Minority Interests | 0 | 0 | - | - | - |
| Special Income Charges | - | 0 | 0 | -10.37 | -12.51 |
| Gain On Sale Of Business | 7.64 | 0 | 0 | - | - |
| Other Special Charges | 8.32 | - | - | 10.37 | 12.51 |
| Depreciation Amortization Depletion Income Statement | - | 70.68 | 68.40 | 58.04 | 63.18 |
| Depreciation And Amortization In Income Statement | - | 70.68 | 68.40 | 58.04 | 63.18 |
| General And Administrative Expense | - | 100.04 | 125.39 | 136.62 | 170.27 |
| Other Gand A | - | 34.97 | 45.41 | 47.40 | 62.48 |
| Salaries And Wages | - | 65.08 | 79.97 | 89.22 | 107.79 |
| Otherunder Preferred Stock Dividend | - | 0 | 0 | 0.64 | 0 |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Priority Technology Holdings, Inc.this co. | PRTH | $499M | 8.96↓ discount | -4.97 | -55.5% | 7.30 |
| OneSpan Inc. | OSPN | $546M | 7.49 | 2.01 | 26.8% | 8.00 |
| Ribbon Communications Inc. | RBBN | $541M | 13.64 | 1.20 | 8.8% | 13.99 |
| NVE Corporation | NVEC | $528M | 34.71 | 9.06 | 26.1% | 31.06 |
| Rapid7, Inc. | RPD |
| 2021 | - | - | - | - | - | - | - |
| $521M |
| 22.27 |
| 3.36 |
| 15.1% |
| 11.79 |
| Backblaze, Inc. | BLZE | $503M | -19.64 | 6.04 | -30.8% | 136.25 |
| Aeluma, Inc. | ALMU | $498M | -164.82 | 27.83 | -16.9% | -261.84 |
| Ooma, Inc. | OOMA | $475M | 73.54 | 5.11 | 7.0% | 28.42 |
| International Money Express, Inc. | IMXI | $456M | 13.95 | 2.83 | 20.3% | 6.62 |
| Peer Median | - | 13.79 | 4.24 | 12.0% | 12.89 | |