Priority Technology Holdings, Inc.
For the period ended Jun 30, 2026. Filed Aug 6, 2026.
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Jun 30, 2026 · Filed Aug 6, 2026
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5. Notes Receivable
- Notes Receivable
The Company had notes receivable of $22.7 million and $19.7 million as of June 30, 2026 and December 31, 2025, respectively, which are reported as current portion of notes receivable and notes receivable less current portion on the Company's Unaudited Consolidated Balance Sheets. The notes receivable carried weighted-average interest rates of 12.3% and 13.6% as of June 30, 2026 and December 31, 2025, respectively. The notes are receivables from ISOs and ISVs, which are made with a term of 1-5 years. Under the terms of the agreements, the advances are secured by residual payments due to the ISOs and ISVs and apply such residuals against future payment due to the Company. As of June 30, 2026 and December 31, 2025, there wereno allowance for expected losses on notes receivable.
The following table provides a reconciliation for activity within the notes receivable as of June 30, 2026:
| (in thousands) | |
|---|---|
| Balance at December 31, 2025 | $19,691 |
| Principal payments received | (516) |
| Advances during the period | 8,575 |
| Balance at March 31, 2026 | $27,750 |
| Principal payments received | (6,540) |
| Advances during the period | 1,493 |
| Balance at June 30, 2026 | $22,703 |
As of June 30, 2026, the principal payments for the Company's notes receivable are due as follows:
| (in thousands) | |
|---|---|
| Twelve months ending June 30, | |
| 2027 | $1,751 |
| 2028 | 4,420 |
| 2029 | 4,964 |
| 2030 | 5,040 |
| 2031 | 6,528 |
| Thereafter | — |
| Total | $22,703 |
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