Priority Technology Holdings, Inc.
For the period ended Sep 30, 2025. Filed Nov 6, 2025.
View on SEC.govAbout this filing
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.
Sep 30, 2025 · Filed Nov 6, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
5. Notes Receivable
- Notes Receivable
The Company had notes receivable of $13.6 million and $8.6 million as of September 30, 2025 and December 31, 2024, respectively, which are reported as current portion of notes receivable and notes receivable less current portion on the Company's Unaudited Consolidated Balance Sheets. The notes receivable carried weighted-average interest rates of 13.8% and 16.9% as of September 30, 2025 and December 31, 2024, respectively. The notes are receivables from ISOs, which are made with a term of 1-5 years. Under the terms of the agreements, the Company will hold back residual payments due to the ISOs and apply such residuals against future payment due to the Company. As of September 30, 2025 and December 31, 2024, there wereno allowance for expected losses on notes receivable.
The following table provides a reconciliation for activity within the notes receivable as of September 30, 2025:
| (in thousands) | |
|---|---|
| Balance at January 1, 2025 | $8,557 |
| Principal payments | (508) |
| Advances during the period | 655 |
| Balance at March 31, 2025 | $8,704 |
| Principal payments | (1,290) |
| Advances during the period | 2,573 |
| Balance at June 30, 2025 | $9,987 |
| Principal payments | (1,925) |
| Advances during the period | 5,555 |
| Balance at September 30, 2025 | $13,617 |
As of September 30, 2025, the principal payments for the Company's notes receivable are due as follows:
| (in thousands) | |
|---|---|
| Twelve months ending September 30, | |
| 2026 | $1,742 |
| 2027 | 1,764 |
| 2028 | 2,000 |
| 2029 | 1,977 |
| After 2029 | 6,134 |
| Total | $13,617 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.