Priority Technology Holdings, Inc.
For the period ended Dec 31, 2025. Filed Mar 10, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Mar 10, 2026
PRTH$7.900.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Commonly Defined Terms
Commonly Used or Defined Terms
| Term | Definition |
|---|---|
| 2018 Plan | Priority Technology Holdings, Inc. 2018 Equity Incentive Plan |
| 2021 Stock Purchase Plan | Priority Technology Holdings, Inc. 2021 Employee Stock Purchase Plan |
| 2021 Share Repurchase Program | Priority Technology Holdings, Inc. 2021 Share Repurchase Program |
| ACH | Automated clearing house |
| AML | Anti-money laundering |
| AOCI | Accumulated other comprehensive income (loss) |
| AP | Accounts payable |
| API | Application program interface |
| APIC | Additional paid-in capital |
| ASC | Accounting Standards Codification |
| ASU | Accounting Standards Update |
| B2C | Business-to-consumer |
| BaaS | Banking as a service |
| BSA | Bank Secrecy Act of 1970, as amended by the USA Patriot Act of 2001 |
| CARES Act | Coronavirus Aid, Relief, and Economic Security Act |
| CCPA | California Consumer Protection Act |
| CEO | The Company's Chairman and Chief Executive Officer |
| CFO | The Company's Chief Financial Officer |
| CFPB | U.S. Consumer Financial Protection Bureau |
| Common Stock | The Company's Common Stock, par value $.001 per share |
| Company | Priority Technology Holdings, Inc., a Delaware corporation, and its direct and indirect subsidiaries |
| 2024 Credit Agreement | Credit and Guaranty Agreement with Truist Bank dated as of May 16, 2024 (as amended) |
| CRM | Customer relationship management |
| Delayed Draw Term Loan | Delayed draw term loan facility under the 2024 Credit Agreement |
| Dodd-Frank Act | Dodd Frank Wall Street Reform and Consumer Protection Act of 2010 |
| DMS | Dealer Merchant Services acquisition |
| EBITDA | Earnings before interest, taxes, depreciation, and amortization |
| Electronic Payments | Payments with credit, debit, prepaid cards, ACH and wire |
| EPS | Earnings (loss) per share |
| ESPP | Employee stock purchase plan |
| Exchange Act | Securities Exchange Act of 1934 |
| FASB | Financial Accounting Standards Board |
| FBO | For the benefit of |
| FCRA | Fair Credit Reporting Act |
| Federal Reserve Board | Governors of the Federal Reserve System |
| FDIC | Federal Deposit Insurance Corporation |
| FFIEC | Federal Financial Institutions Examination Council |
| FI | Financial institution |
| FIFO | First in, first out |
|---|---|
| Finance SPV | Priority Finance SPV, LLC |
| FinCEN | Financial Crimes Enforcement Network |
| Finxera | Finxera Holdings, Inc. |
| FSOC | Financial Stability Oversight Council |
| GAAP | United States Generally Accepted Accounting Principles |
| IRA | Inflation Reduction Act |
| ISO | Independent sales organization |
| ISV | Independent software vendors |
| IT | Information technology |
| LIFO | Last in, first out |
| LLC | Limited Liability Company |
| Nasdaq | National Association of Securities Dealers Automated Quotations |
| NCI | Non-controlling interest |
| OFAC | Office of Foreign Assets Control |
| Passport | Priority Passport |
| PHOT | Priority Hospitality Technology, LLC a Delaware limited liability company |
| Plastiq | Acquisition of Plastiq, Inc. and certain affiliates |
| Residual Finance credit facility | Credit Agreement with VP Capital, L.P. |
| 2024 Revolving Facility | $100.0 million line issued and amended under 2024 Credit Agreement |
| POS | Point-of-sale |
| PRTH | The Company's Nasdaq Capital Market trading symbol |
| PSU | Restricted stock unit (performance-based) |
| Redeemable NCI's | Redeemable non-controlling preferred equity interests |
| ROU Asset | Right of use asset |
| RSU | Restricted stock unit (service-based) |
| SaaS | Software as a Service |
| SAR | Stock appreciation rights |
| SEC | United States Securities and Exchange Commission |
| SMS | Short message service |
| SOFR | Secured Overnight Financing Rate |
| SOX | Sarbanes-Oxley Act of 2022 |
| Tax Act | The Housing Assistance Tax Act of 2008 |
| TCPA | Federal Telephone Consumer Protection Act of 1991 |
| Term Facility | Term loan facility issued under the 2024 Credit Agreement |
| Total Net Leverage Ratio | The ratio of consolidated total unrestricted debt (net of cash) to the Consolidated Adjusted EBITDA (as defined in the Credit Agreement). |
| Truist | Truist Bank |
| TSP | Technology service provider |
| U.S. | United States of America |
| VARs | Value-added resellers |
PART I.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.