Priority Technology Holdings Inc
For the period ended Mar 31, 2025. Filed May 6, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed May 6, 2025
PRTH$7.900.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Unaudited Consolidated Statements of Cash Flows
| Three Months Ended March 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Cash flows from operating activities: | ||
| Net income | $8,268 | $5,193 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization of assets | 13,777 | 15,253 |
| Stock-based, ESPP and incentive units compensation | 1,586 | 1,633 |
| Amortization of debt issuance costs and discounts | 434 | 1,065 |
| Debt extinguishment and modification costs | 38 | — |
| Deferred income tax | (2,236) | (1,872) |
| Change in contingent consideration | 1,006 | 972 |
| Other non-cash items, net | (20) | (259) |
| Change in operating assets and liabilities: | ||
| Accounts receivable | (12,182) | (8,339) |
| Prepaid expenses and other current assets | (73) | (425) |
| Income taxes (receivable) payable | 4,429 | — |
| Notes receivable | — | (266) |
| Accounts payable and other accrued liabilities | (5,796) | 1,590 |
| Customer deposits and advance payments | 260 | 157 |
| Other assets and liabilities, net | 465 | (1,395) |
| Net cash provided by operating activities | 9,956 | 13,307 |
| Cash flows from investing activities: | ||
| Acquisition of business, net of cash acquired | (4,473) | — |
| Additions to property, equipment and software | (5,095) | (6,610) |
| Notes receivable, net | (147) | (1,059) |
| Net cash used in investing activities | (9,715) | (7,669) |
| Cash flows from financing activities: | ||
| Debt issuance and modification costs paid | (40) | — |
| Repayments of long-term debt | (10,000) | (1,678) |
| Repurchases of shares withheld for taxes | (1,470) | (421) |
| Dividends paid to redeemable senior preferred stockholders | — | (7,027) |
| Proceeds from exercise of stock options | 110 | — |
| Settlement and customer/subscriber accounts obligations, net | 59,060 | 1,918 |
| Payment of contingent consideration related to business combination | (400) | (3,071) |
| Net cash provided by (used in) financing activities | 47,260 | (10,279) |
| Net change in cash and cash equivalents and restricted cash: | ||
| Net increase in cash and cash equivalents, and restricted cash | 47,501 | (4,641) |
| Cash and cash equivalents and restricted cash at beginning of period | 993,864 | 796,223 |
| Cash and cash equivalents and restricted cash at end of period | $1,041,365 | $791,582 |
Unaudited Consolidated Statements of Cash Flows
| Three Months Ended March 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Reconciliation of cash and cash equivalents, and restricted cash: | ||
| Cash and cash equivalents | $47,587 | $34,290 |
| Restricted cash | 11,490 | 12,658 |
| Cash and cash equivalents included in settlement assets and customer/subscriber account balances (restricted in nature) (see Note 4) | 982,288 | 744,634 |
| Total cash and cash equivalents, and restricted cash | $1,041,365 | $791,582 |
| Supplemental cash flow information: | ||
| Cash paid for interest | $21,471 | $18,436 |
| Non-cash investing and financing activities: | ||
| Deferred consideration accrual | $6,500 | $— |
| Foreign currency adjustment to goodwill | $62 | $— |
| Issuance of NCI | $— | $93 |
See Notes to Unaudited Consolidated Statements
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