Priority Technology Holdings Inc

Priority Technology Holdings Inc

PRTH · NASDAQ · Technology / Software - Infrastructure

7.90USD-0.01 (-0.13%)

Price History

Full chart

Market Stats

Previous Close7.91
Open7.92
Day Range7.90 – 7.93
52-Week Range4.44 – 7.91
Volume555.04K
Market Cap640.81M
P/E (TTM)11.60
Forward P/E13.93
EPS0.67
Dividend Yield0.00%
Beta1.55
50-Day Avg6.08
200-Day Avg5.82

About

Priority Technology Holdings, Inc. operates as a payment technology company in the United States. The company operates through three segments: Merchant Solutions, Payables, and Treasury Solutions. The company offers merchant solutions, such as full-service acquiring and payment-enabled solutions for B2C transactions, leveraging proprietary software platform, distributed through independent sales organizations, direct sales, and vertically focused independent software vendors channels. It also offers MX product suite, which includes MX Connect and MX Merchant products, which provides flexible and customizable set of business applications that helps to manage critical business work functions and revenue performance using core payment processing. In addition, the company offers CPX, a platform that offers accounts payable automation solutions, including virtual card, purchase card, ACH +, dynamic discounting, or check. Further, it provides accounts payable automation solutions to corporations, software partners and financial institutions, including Citibank, Visa, and Mastercard. Additionally, the company offers embedded finance and BaaS solutions to customers to modernize legacy platforms and accelerate software partners' strategies to monetize payments. It serves SMB and enterprises, as well as distribution partners, including retail and wholesale independent sales organizations, financial institutions, and independent software vendors and value-added resellers. The company was formerly known as Priority Holdings, LLC and changed its name to Priority Technology Holdings, Inc. in July 2018. Priority Technology Holdings, Inc. was founded in 2005 and is headquartered in Alpharetta, Georgia.

Company Details

  • SectorTechnology
  • IndustrySoftware - Infrastructure
  • CEOMr. Thomas Charles Priore
  • Employees1.19K
  • Headquarters2001 Westside Parkway, Alpharetta, GA, United States, 30004, USA
  • Websitehttps://prioritycommerce.com

Leadership

  • Mr. Thomas Charles PrioreExecutive Chairman, President & CEO · b. 1969
  • Mr. Timothy O'LearyChief Financial Officer · b. 1973
  • Mr. Bradley J. Miller J.D.General Counsel, Chief Risk Officer & Corporate Secretary · b. 1971
  • Ms. Ranjana Ram C.F.A.Chief Operating Officer · b. 1983
  • Mr. Rajiv KumarExecutive VP & Chief Accounting Officer
  • Mr. Yi SunChief Technology Officer
  • Mr. David FaupelChief Marketing Officer · b. 1971
  • Ms. Jennifer HandChief People Officer
  • Mr. Sean M. KiewietChief Strategy Officer · b. 1972
  • Mr. Anthony Martin BonventreExecutive Vice President of Operations

Financials

Income Statement

Currency: USD2015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue286.24M344.11M425.62M424.42M371.85M404.34M514.90M663.64M755.61M879.70M953.01M
Growth (%)-+20.22%+23.69%-0.28%-12.38%+8.74%+27.34%+28.89%+13.86%+16.42%+8.33%
Cost of Revenue212.20M257.02M368.24M314.35M252.57M277.37M359.88M436.75M480.31M551.62M749.28M
Gross Profit74.04M87.09M57.38M106.54M119.28M126.97M155.02M226.89M275.31M328.08M203.72M
Gross Margin25.87%25.31%13.48%25.10%32.08%31.40%30.11%34.19%36.43%37.29%21.38%
Operating Expense59.48M87.27M22.55M90.14M112.10M106.11M121.92M170.72M193.78M194.66M62.48M
Operating Income14.56M-173.20K34.84M16.39M7.18M20.86M33.09M56.16M81.52M133.42M141.25M
Operating Margin5.09%-0.05%8.19%3.86%1.93%5.16%6.43%8.46%10.79%15.17%14.82%
EBITDA-10.23K-173.20K44.33M42.65M46.99M167.57M82.31M127.44M151.66M184.27M197.42M
EBITDA Margin-0.00%-0.05%10.41%10.05%12.64%41.44%15.99%19.20%20.07%20.95%20.72%
Net Income-10.23K-108.00K4.59M-17.84M-33.59M25.66M1.39M-2.15M-1.31M24.02M55.68M
Net Income Margin-0.00%-0.03%1.08%-4.20%-9.03%6.35%0.27%-0.32%-0.17%2.73%5.84%
R&D001.60M2.60M4.10M5.30M5.90M6.90M9.40M--
R&D as % of Total Revenue0.00%0.00%0.38%0.61%1.10%1.31%1.15%1.04%1.24%--
Interest Expense037.70K31.16M29.93M40.65M44.84M36.48M53.55M76.11M88.95M87.96M
Interest Expense % of Total Revenue0.00%0.01%7.32%7.05%10.93%11.09%7.09%8.07%10.07%10.11%9.23%

Balance Sheet

Currency: USD2015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets183.96K55.15M55.26M379.30M464.50M417.83M1.35B1.37B1.62B1.83B2.40B
Total Liabilities169.18K1.21M1.45M473.31M585.19M516.39M1.21B1.24B1.50B1.99B2.49B
Total Equity14.77K53.94M53.81M-94.02M-126.34M-98.56M145.92M131.54M110.89M-166.84M-100.42M
Cash5.00K362.54K172.20K15.63M3.23M9.24M20.30M18.45M39.60M58.60M77.19M
Total Debt169.18K27.50K27.50K405.39M489.58M377.31M610.30M605.13M638.68M930.39M1.05B
Net Debt164.18K-335.04K-144.70K389.76M486.35M368.07M590.00M586.67M599.07M871.79M969.27M

Cash Flow

Currency: USD2015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow25.31M-150.27K36.87M31.35M12.08M12.20M9.38M70.52M81.26M85.61M100.00M
Investing Cash Flow-31.89M-54.69M-9.04M-108.93M-97.75M166.40M-451.03M-36.50M-55.75M-35.55M-174.04M
Financing Cash Flow18.71M55.20M-25.38M67.25M102.30M-140.94M871.63M8.50M210.10M147.58M426.17M
Capital Expenditure2.88M4.10M9.04M101.42M94.06M7.46M59.18M18.88M21.26M21.69M24.93M
Free Cash Flow22.43M-4.25M27.83M-70.07M-81.98M4.74M-49.80M51.64M60.00M63.92M75.08M
Dividends Paid3.68M10.02M3.40M7.08M7.46M7.46M7.46M11.46M24.72M78.20M0
FCF to OCF88.61%2827.05%75.49%-223.53%-678.67%38.85%-531.14%73.22%73.84%74.66%75.08%
Dividend Paid to FCF16.42%-235.84%12.21%-10.10%-9.10%157.35%-14.98%22.19%41.20%122.35%0.00%

Earnings

Report DateDec 31, 2016Mar 31, 2017Jun 30, 2017Sep 30, 2017Dec 31, 2017May 14, 2018Jul 18, 2018Nov 14, 2018Mar 21, 2019May 13, 2019Aug 13, 2019Nov 12, 2019Mar 30, 2020May 13, 2020Aug 12, 2020Nov 13, 2020Mar 10, 2021May 13, 2021Aug 9, 2021Nov 15, 2021Mar 16, 2022May 11, 2022Aug 9, 2022Nov 10, 2022Mar 23, 2023May 11, 2023Aug 10, 2023Nov 9, 2023Mar 12, 2024May 9, 2024Aug 8, 2024Nov 7, 2024Mar 6, 2025May 7, 2025Aug 7, 2025Nov 6, 2025Mar 10, 2026May 11, 2026Aug 6, 2026Nov 5, 2026
EPS Estimate----------0.06-0.06-0.07-0.05-0.15-0.21-0.15-0.08-0.020.020.050.06-0.01-0.07-0.06-0.07-0.14-0.13-0.15-0.10-0.07-0.040.050.090.170.250.270.260.220.280.31
EPS Actual-0.03-0.08-0.030.02-0.05-0.13-0.14-0.04-0.05-0.11-0.09-0.08-0.04-0.09-0.120.60-0.01-0.01-0.20-0.060.21-0.08-0.11-0.13-0.15-0.15-0.16-0.13-0.12-0.10-0.190.07-0.020.100.260.280.270.280.29-
Surprise----------83.33%-50.00%-14.29%20.00%40.00%42.86%500.00%87.50%50.00%-1100.00%-220.00%250.00%-700.00%-57.14%-116.67%-114.29%-7.14%-23.08%13.33%-20.00%-42.86%-375.00%40.00%-122.22%-40.86%4.00%3.70%3.85%27.27%3.57%-
Timing--------After-hoursPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketAfter-hoursPre-marketPre-marketPre-marketAfter-hoursPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-market-Pre-marketPre-marketPre-market

Key Statistics & Ratios

Market Cap640.81M
Enterprise Value1.57B
Trailing P/E11.60
Forward P/E13.93
Price / Sales0.64
Price / Book13.74
EPS0.67
Book Value-0.961
Revenue (TTM)1.00B
Gross Profit (TTM)393.67M
EBITDA201.12M
Profit Margin5.61%
Operating Margin13.18%
Return on Equity56.39%
Return on Assets3.97%
Shares Outstanding82.47M
Shares Float29.14M
Beta1.55
Dividend Yield0.00%
Dividend Rate0.00
Payout Ratio0.00%

Analyst Ratings

Strong Buy
Based on 5 analystsTarget 7.68
  • Strong Buy
    4
  • Buy
    1

Ownership Breakdown

Institutions
23.87%
Insiders
64.29%
Retail / Other
11.84%

Top Institutional Holders

  • Buckley Capital Advisors LLC
    2.09M2.54%
  • BlackRock Inc
    1.73M2.10%
  • Steamboat Capital Partners, LLC
    1.34M1.62%
  • FourWorld Capital Management LLC
    1.33M1.61%
  • Vanguard Capital Management, LLC
    1.21M1.47%
  • Springbok Capital Management, LLC
    798.33K0.97%
  • Wells Fargo & Co
    689.74K0.84%
  • Geode Capital Management, LLC
    675.24K0.82%
  • Divisadero Street Capital Management, LP
    653.02K0.79%
  • NORWOOD INVESTMENT PARTNERS LP
    542.00K0.66%
  • BOOTHBAY FUND MANAGEMENT, LLC
    531.69K0.64%
  • Dimensional Fund Advisors, Inc.
    522.34K0.63%
  • State Street Corp
    471.08K0.57%
  • Rebalance LLC
    404.11K0.49%
  • Beartown Capital Management, LLC
    400.00K0.49%
  • Marble Bar Asset Management LLP
    295.31K0.36%

Top Fund Holders

  • iShares Russell 2000 ETF
    995.90K1.22%
  • Vanguard MStar Total Stk Mkt Idx Invest
    876.96K1.07%
  • Fidelity Small Cap Index
    370.82K0.45%
  • iShares Russell 2000 Growth ETF
    313.09K0.38%