Priority Technology Holdings, Inc.
For the period ended Mar 31, 2026. Filed May 11, 2026.
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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.
Mar 31, 2026 · Filed May 11, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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7. Goodwill and Intangible Assets
- Goodwill and Intangible Assets
Goodwill
The Company's goodwill relates to the following reportable segments:
| (in thousands) | March 31, 2026 | December 31, 2025 |
|---|---|---|
| Merchant Solutions | $158,298 | $158,298 |
| Treasury Solutions | 250,997 | 251,103 |
| Payables | 7,240 | 7,240 |
| Total | $416,535 | $416,641 |
The following table summarizes the changes in the carrying value of goodwill:
| (in thousands) | Amount |
|---|---|
| Balance at December 31, 2025 | $416,641 |
| Foreign currency translation adjustment | (106) |
| Balance at March 31, 2026 | $416,535 |
As of March 31, 2026, the Company is not aware of any triggering events for impairment that have occurred since the last annual impairment test.
Intangible Assets
Intangible assets consisted of the following:
| March 31, 2026 · Weighted-average Useful Life | ||||
|---|---|---|---|---|
| (in thousands, except weighted-average data) · Gross Carrying Value · Accumulated Amortization · Net Carrying Value | ||||
| Intangible assets: | ||||
| ISO and referral partner relationships | $223,016 | $(67,372) | $155,644 | 14.3 |
| Residual buyouts | 177,864 | (124,755) | 53,109 | 6.0 |
| Customer relationships | 139,436 | (100,027) | 39,409 | 8.5 |
| Merchant portfolios | 83,350 | (69,662) | 13,688 | 6.5 |
| Technology | 63,590 | (34,007) | 29,583 | 8.7 |
| Trade names | 13,320 | (4,335) | 8,985 | 10.5 |
| Money transmission licenses(1) | 2,100 | — | 2,100 | |
| Total | $702,676 | $(400,158) | $302,518 | 9.5 |
(1)These assets have an indefinite useful life.
| December 31, 2025 · Weighted-average Useful Life | ||||
|---|---|---|---|---|
| (in thousands, except weighted-average data) · Gross Carrying Value · Accumulated Amortization · Net Carrying Value | ||||
| Intangible assets: | ||||
| ISO and referral partner relationships | $223,016 | $(63,701) | $159,315 | 13.8 |
| Residual buyouts | 177,864 | (119,861) | 58,003 | 6.0 |
| Customer relationships | 139,463 | (98,478) | 40,985 | 8.8 |
| Merchant portfolios | 83,350 | (68,787) | 14,563 | 6.5 |
| Technology | 63,602 | (32,684) | 30,918 | 8.5 |
| Trade names | 13,329 | (4,023) | 9,306 | 10.6 |
| Money transmission licenses(1) | 2,100 | — | 2,100 | |
| Total | $702,724 | $(387,534) | $315,190 | 9.4 |
(1)These assets have an indefinite useful life.
| Three Months Ended March 31, | ||
|---|---|---|
| (in thousands) | 2026 | 2025 |
| Amortization expense(1) | $13,242 | $9,915 |
(1)Included in amortization expense is $0.6 million for the three months ended March 31, 2026 and 2025, respectively, related to the amortization of certain contract acquisition costs.
As of March 31, 2026, there were no impairment indicators present.
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