Priority Technology Holdings, Inc. · NASDAQ:PRTH
Priority Technology — Q1 2025 Earnings Presentation
17 slides from Priority Technology's earnings presentation, May 6, 2025
Slide 1: Priority Technology Holdings, Inc. Q1 2025 Earnings Call Supplemental Slides
Priority Technology Holdings, Inc. (Nasdaq: PRTH) Supplemental Slides: Q1 2025 Earnings Call May 2025
Slide 2: Disclaimer
Disclaimer Important Notice Regarding Forward-Looking Statements and Non-GAAP Measures This presentation contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements about future financia
Slide 3: Key 1st Quarter 2025 Highlights
Key 1st Quarter 2025 Highlights Q1 2025 RESULTS MAINTAINING STRONG FY 2025 GUIDANCE NET REVENUE ADJ GROSS PROFIT1 TOTAL REVENUE ADJUSTED EBITDA1 +9% +14% (In Millions) (In Millions) $965 - $1,000 $220 - $230 ADJ EBITDA1 ADJ EPS +11% $0.22 (+$0.19) 2025 2025 Guidance Guidance Q1 2025 KEY METRICS Rang
Slide 4: Q1 2025 Consolidated Results
Q1 2025 Consolidated Results 9% 14% 170bp 11% 38.9% $224.6M $87.3M $51.3M $205.7M 37.1% $46.3M $76.4M Q1 24 Q1 25 Q1 24 Q1 25 Q1 24 Q1 25 Q1 24 Q1 25 Revenue increased Adj Gross Profit1 Adj Gross Profit Adjusted EBITDA1 9% to $224.6 increased 14% to margin1 increased increased 11% to million $87.3 m
Slide 5: Priority Commerce: Personalized Payments and Banking Solutions
Priority We Provide Personalized Payments and Banking Solutions to: Commerce: Accelerate Cash Flow + Optimize Working Capital Powering an Ecosystem of Integrated Financial Collect Store Lend Send Solutions ▪ Priority Commerce Engine (PCE) is a unified platform that provides our customers a Priority
Slide 6: Priority Commerce Engine
Priority Commerce Enterprise Flow Enterprise Partner Platform SaaS Fees Integration ✓ Monthly Platform Priority Commerce Engine SaaS Fees $ Onboard Customers $ (KYC, Underwriting, Compliance) ✓ Interchange on Card Volume Enterprise Partner’s $ Process Payments $ Customer (Credit, Debit, ACH, ✓ Payme
Slide 7: First Quarter 2025 Financial Results
First Quarter 2025 Financial Results prioritycommerce.com 7
Slide 8: Growth in Higher Margin Operating Segments
Growth in Higher Margin Operating Segments Revenue Contribution by Segment Adj. Gross Profit1 Contribution by Segment FY 2021 Q1 2025 FY 2021 Q1 2025 B2B B2B 8.4% 3.3% B2B 10.6% B2B Enterprise 6.2% SMB 4.3% 37.9% Enterprise Enterprise SMB 22.2% SMB 12.2% 92.4% SMB 81.6% Enterprise 67.2% 53.7% B2B an
Slide 9: SMB Highlights – Q1 2025
SMB Highlights – Q1 2025 Revenue Adj. Gross Profit1 Adj. EBITDA1 $151.7MM $33.1MM $25.7MM +5% YoY +4% YoY | 21.8% Margin +3% YoY | 16.9% Margin Q1 2025 Segment Highlights ➔ Revenue growth of 5% with strong 10% growth in core partially offset by historical residual portfolio purchase attrition and ri
Slide 10: B2B Highlights – Q1 2025
B2B Highlights – Q1 2025 Revenue Adj. Gross Profit1 Adj. EBITDA1 $23.9MM $7.3MM $3.5MM +12% YoY +18% YoY | 30.5% Margin +101% YoY | 14.7% Margin Q1 2025 Segment Highlights ➔ $2.6mm of Revenue growth driven by 35% increase in Supplier-Funded revenues and 7% increase in Buyer-Funded revenues ➔ Adjuste
Slide 11: Enterprise Highlights – Q1 2025
Enterprise Highlights – Q1 2025 Revenue Adj. Gross Profit1 Adj. EBITDA1 $50.1MM $46.9MM $42.4MM +22% YoY +22% YoY | 93.6% Margin +22% YoY | 84.7% Margin Q1 2025 Segment Highlights ➔ CFTPay Avg Monthly New Enrollments of 56K increased 4% from 54K in Q1 2024 ➔ CFTPay Avg Number of Billed Clients incre
Slide 12: Consolidated Operating Expenses – Q1 2025
Consolidated Operating Expenses – Q1 2025 Salaries & Benefits SG&A Depreciation & Amortization $25.8MM $15.1MM $13.8MM +16% YoY +37% YoY (10%) YoY Q1 2025 Segment Highlights ➔ Higher Salaries & Benefits driven by overall growth of the Company with investments in IT ➔ Increase in SG&A expenses primar
Slide 13: Capital Structure & Liquidity
Capital Structure & Liquidity Outstanding Debt Simplified Balance Sheet and Reduced Leverage Balance as of December 31, 2024 $945.5 During Q1 2025, used excess cash to repay $10 million of (+/-) Net Revolver Borrowings -- outstanding Term Loan (+/-) Net Term Loan Borrowings ($10.0) Ample liquidity
Slide 14: Appendix
Appendix prioritycommerce.com 14
Slide 15: Appendix – Adjusted Gross Profit Reconciliation
Appendix 1 – Adjusted Gross Profit1 Reconciliation The reconciliation of adjusted gross profit to its most comparable GAAP measure is provided below: (in Millions) (in Millions) Three Months Ended March 31, 2025 Three Months Ended March 31, 2024 SMB B2B Enterprise Eliminations Total SMB B2B Enterpri
Slide 16: Appendix – Adjusted EBITDA Reconciliation
Appendix 2 – Adjusted EBITDA1 Reconciliation The reconciliation of adjusted EBITDA to its most comparable GAAP measure is provided below: (in Millions) (in Millions) Three Months Ended March 31, 2025 Three Months Ended March 31, 2024 SMB B2B Enterprise Corporate Total SMB B2B Enterprise Corporate To
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