Priority Technology Holdings, Inc.
For the period ended Sep 30, 2025. Filed Nov 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.
Sep 30, 2025 · Filed Nov 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
| Nine Months Ended September 30, | ||
|---|---|---|
| 2025 | 2024 | |
| Cash flows from operating activities: | ||
| Net income | $46,735 | $16,795 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization of assets | 42,992 | 44,230 |
| Stock-based compensation | 7,119 | 4,878 |
| Amortization of debt issuance costs and discounts | 1,329 | 2,250 |
| Debt extinguishment and modification costs | 12,514 | 8,666 |
| Deferred income tax | (16,090) | (2,944) |
| Change in deferred consideration | 2,449 | 3,280 |
| Bargain purchase gain | (3,506) | — |
| Other non-cash items, net | (130) | (37) |
| Change in operating assets and liabilities: | ||
| Accounts receivable | (22,995) | (15,712) |
| Prepaid expenses and other current assets | (2,054) | (2,808) |
| Income taxes (receivable) payable | (7,669) | (3,000) |
| Notes receivable | — | (883) |
| Accounts payable and accrued expenses | 1,498 | 12,864 |
| Accrued residuals commissions | 1,118 | — |
| Customer deposits and advance payments | (142) | 271 |
| Other noncurrent assets and liabilities, net | (7) | (5,998) |
| Net cash provided by operating activities | 63,161 | 61,852 |
| Cash flows from investing activities: | ||
| Acquisition of businesses, net of cash acquired | (77,369) | — |
| Additions to property, equipment and software | (18,952) | (17,044) |
| Notes receivable, net | (5,060) | (216) |
| Acquisitions of assets and other investing activities | (50,517) | (7,474) |
| Net cash used in investing activities | (151,898) | (24,734) |
| Cash flows from financing activities: | ||
| Proceeds from issuance of long-term debt, net of issue discount | 1,019,714 | 830,200 |
| Debt issuance and modification costs paid | (4,725) | (6,901) |
| Repayments of long-term debt | (945,537) | (656,460) |
| Redemption of PHOT redeemable NCI | — | (2,130) |
| Repurchases of shares withheld for taxes | (3,006) | (1,208) |
| Redemption of senior preferred stock | — | (136,936) |
| Redemption of accumulated unpaid dividend on redeemable senior preferred stock | — | (30,819) |
| Dividends paid to redeemable senior preferred stockholders | — | (22,099) |
| Proceeds from exercise of stock options | 413 | — |
| Settlement obligations, net | 247,531 | 116,065 |
| Payment of deferred/contingent consideration related to business combination | (19,756) | (4,996) |
| NCI repurchase | (6,000) | — |
| Net cash provided by financing activities | 288,634 | 84,716 |
| Net change in cash and cash equivalents and restricted cash: | ||
Unaudited Consolidated Statements of Cash Flows
| Nine Months Ended September 30, | ||
|---|---|---|
| 2025 | 2024 | |
| Net increase in cash and cash equivalents, and restricted cash | 199,897 | 121,834 |
| 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 | $1,193,761 | $918,057 |
| Reconciliation of cash and cash equivalents, and restricted cash: | ||
| Cash and cash equivalents | $56,978 | $41,072 |
| Restricted cash | 12,984 | 13,398 |
| Cash and cash equivalents included in settlement assets (restricted in nature) (see Note 4) | 1,123,799 | 863,587 |
| Total cash and cash equivalents, and restricted cash | $1,193,761 | $918,057 |
| Supplemental cash flow information: | ||
| Cash paid for interest | $64,478 | $53,406 |
| Non-cash investing and financing activities: | ||
| Acquisition of intangible asset | $— | $(5,751) |
| Measurement period adjustment to purchase price | $— | $12 |
| Cash portion of dividend payable for redeemable senior preferred stock(1) | $— | $236 |
| Common stock issued for Boom Commerce asset purchase | $13,461 | $— |
| Foreign currency adjustment to goodwill and intangibles | $(321) | $— |
| Deferred/contingent consideration | $8,824 | $— |
See Notes to Unaudited Consolidated Statements
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