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
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
| Three Months Ended March 31, | ||
|---|---|---|
| 2026 | 2025 | |
| Cash flows from operating activities: | ||
| Net income | $9,760 | $8,268 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization of assets | 17,615 | 13,777 |
| Stock-based compensation, ESPP, and incentive units compensation | 2,088 | 1,586 |
| Amortization of debt issuance costs and discounts | 467 | 434 |
| Debt extinguishment and modification costs | — | 38 |
| Deferred income tax | (752) | (2,236) |
| Change in contingent consideration | 428 | 1,006 |
| Other non-cash items, net | (204) | (20) |
| Change in operating assets and liabilities: | ||
| Accounts receivable | 2,753 | (12,182) |
| Prepaid expenses and other current assets | (2,991) | (73) |
| Income taxes | 4,188 | 4,429 |
| Accounts payable and accrued expenses | (11,743) | (8,777) |
| Accrued residual commissions | 3,095 | 2,981 |
| Customer deposits and advance payments | 756 | 260 |
| Other assets, net | (15) | 548 |
| Other liabilities, net | (1,606) | (83) |
| Net cash provided by operating activities | 23,839 | 9,956 |
| Cash flows from investing activities: | ||
| Acquisition of business, net of cash acquired | — | (4,473) |
| Additions to property, equipment and software | (5,523) | (5,095) |
| Notes receivable, net (see Note 5) | (8,059) | (147) |
| Short-term investments | 25,000 | — |
| Net cash provided by/(used in) investing activities | 11,418 | (9,715) |
| Cash flows from financing activities: | ||
| Proceeds from issuance of long-term debt | 6,800 | — |
| Debt issuance and modification costs paid | — | (40) |
| Repayments of long-term debt | (191) | (10,000) |
| Shares withheld for taxes | (884) | (1,470) |
| Proceeds from exercise of stock options | — | 110 |
| Settlement obligations, net | 64,981 | 59,060 |
| Payment of deferred/contingent consideration | (80) | (400) |
| Net cash provided by financing activities | 70,626 | 47,260 |
| Net change in cash and cash equivalents and restricted cash: | ||
| Net increase in cash and cash equivalents, and restricted cash | 105,883 | 47,501 |
| Cash and cash equivalents and restricted cash at beginning of period | 1,345,998 | 993,864 |
| Cash and cash equivalents and restricted cash at end of period | $1,451,881 | $1,041,365 |
| Reconciliation of cash and cash equivalents, and restricted cash: | ||
| Cash and cash equivalents | $92,152 | $47,587 |
Unaudited Consolidated Statements of Cash Flows
| Three Months Ended March 31, | ||
|---|---|---|
| 2026 | 2025 | |
| Restricted cash | 16,403 | 11,490 |
| Cash and cash equivalents included in settlement assets (restricted in nature) (see Note 4) | 1,343,326 | 982,288 |
| Total cash and cash equivalents, and restricted cash | $1,451,881 | $1,041,365 |
| Supplemental cash flow information: | ||
| Cash paid for interest | $20,125 | $21,471 |
| Cash paid for income taxes, net of refunds | $105 | $31 |
| Non-cash investing and financing activities: | ||
| Deferred consideration accrual | $— | $6,500 |
| Foreign currency adjustment to goodwill and intangibles | $149 | $62 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.