Priority Technology Holdings, Inc.
For the period ended Dec 31, 2025. Filed Mar 10, 2026.
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FY2025 · Filed Mar 10, 2026
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5. Notes Receivable
- Notes Receivable
The Company has notes receivable of $19.7 million and $8.6 million as of December 31, 2025 and 2024, respectively, which are reported as current portion of notes receivable and notes receivable less current portion on the Company's Consolidated Balance Sheets. The notes bear a weighted-average interest rate of 13.6% and 16.9% as of December 31, 2025 and 2024, respectively. The notes receivable are comprised of notes receivable from ISOs and ISVs, and under the terms of the agreements the Company preserves the right to hold back residual payments due to the ISOs and ISVs and to apply such residuals against future payments due to the Company. As of December 31, 2025 and 2024, the Company hadno allowance for doubtful notes receivable.
The following table provides a reconciliation for activity within the notes receivable as of December 31, 2025:
| (in thousands) | |
|---|---|
| Balance at January 1, 2025 | $8,557 |
| Principal payments | (7,766) |
| Advances during the period | 18,900 |
| Balance at December 31, 2025 | $19,691 |
As of December 31, 2025, the principal payments for the Company's notes receivables are due as follows:
| (in thousands) | |
|---|---|
| Year Ending December 31, | |
| 2026 | $2,062 |
| 2027 | 3,458 |
| 2028 | 4,392 |
| 2029 | 3,863 |
| 2030 | 5,916 |
| Thereafter | — |
| Total | $19,691 |
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