Press release
Priority Technology Holdings, Inc. Reports First Quarter Financial Results
Strong First Quarter Growth Driven by Performance Across Unified Commerce Platform ALPHARETTA, Ga.--(BUSINESS WIRE)-- Priority Technology Holdings, Inc.
About this update from Priority Technology Holdings, Inc.
[{"type":"text","content":"\nStrong First Quarter Growth Driven by Performance Across Unified Commerce Platform\n\n ALPHARETTA, Ga.--(BUSINESS WIRE)--\nPriority 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.\n\n\"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.”\n\nHighlights of Consolidated Results\n\nFirst Quarter 2025 Financial Highlights compared with First Quarter 20241\n\n\nRevenue of $224.6 million increased 9.2% from $205.7 million\n\n\nAdjusted gross profit (a non-GAAP measure2) of $87.3 million increased 14.2% from $76.4 million\n\n\nAdjusted gross profit margin (a non-GAAP measure2) of 38.9% increased 170 basis points from 37.1%\n\n\nOperating income of $32.6 million increased 16.4% from $28.0 million\n\n\nAdjusted EBITDA (a non-GAAP measure2) of $51.3 million increased 10.7% from $46.3 million\n\n\nAdjusted EPS (a non-GAAP measure2) of $0.22 increased by $0.19, or 633.3%, from $0.03\n\n\n\n\n(1)\n\n\n\n\nCertain amounts/percentages may not compute accurately due to rounding.\n\n\n\n\n\n(2)\n\n\n\n\nSee \"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.\n\n\n\n\nFull Year 2025 Financial Guidance\n\nPriority's outlook remains strong and we affirm our full year 2025 guidance as follows:\n\n\nRevenue forecast to ...