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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8. Leases
- Leases
The Company's leases consist primarily of real estate leases for office space, which are classified as operating leases. Lease expense for the Company's operating leases is recognized on a straight-line basis over the term of the lease. The Company did not have any finance leases at December 31, 2025 and 2024.
The ROU Assets and lease liabilities consisted of the following:
| (in thousands, except weighted-average data) · Financial Statement Classification · December 31, 2025 · December 31, 2024 | ||||
|---|---|---|---|---|
| Operating Lease ROU Assets: | ||||
| Operating lease ROU Assets | Other noncurrent assets | $6,586 | $7,305 | |
| Operating Lease Obligations: | ||||
| Operating lease obligations - current | Accounts payable and accrued expenses | $1,039 | $1,072 | |
| Operating lease obligations - noncurrent | Other noncurrent liabilities | 6,065 | 6,707 | |
| Total operating lease obligations | $7,104 | $7,779 | ||
| Weighted-average remaining lease term in years | 9.4 | 9.9 | ||
| Weighted-average discount rate | 6.6% | 6.5% | ||
The Components of lease expense were as follows:
| Years Ended December 31, | ||||
|---|---|---|---|---|
| (in thousands) | Financial Statement Classification | 2025 | 2024 | 2023 |
| Operating lease expense (1) | Selling, general and administrative | $1,607 | $1,714 | $1,760 |
(1)Excludes expenses related to short-term leases, which was immaterial for the years ended December 31, 2025, 2024 or 2023.
| Years Ended December 31, | ||||
|---|---|---|---|---|
| (in thousands) | Financial Statement Classification | 2025 | 2024 | 2023 |
| Operating cash flows from operating leases | Operating activities | $1,556 | $1,952 | $1,862 |
Lease Commitments
Future minimum lease payments for the Company's real estate operating leases at December 31, 2025 were as follows:
| (in thousands) | |
|---|---|
| Year Ending December 31, | Amount Due |
| 2026 | $1,466 |
| 2027 | 1,182 |
| 2028 | 992 |
| 2029 | 683 |
| 2030 | 637 |
| Thereafter | 4,893 |
| Total future minimum lease payments | 9,853 |
| Amount representing imputed interest | (2,749) |
| Total future minimum lease payments, net of interest | $7,104 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.