Priority Technology Holdings, Inc. income statement
In fiscal 2025, Priority Technology Holdings, Inc. reported revenue of $953m, up 8.3% on the year before, operating income of $141m (a 14.8% margin) and net income of $55.7m, or $0.68 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 344 | 382 | 376 | 372 | 404 | 515 | 664 | 756 | 880 | 953 | 1,000 |
| Cost of revenue | — | 279 | 269 | 253 | 277 | — | — | — | — | — | — |
| Gross profit | — | 104 | 107 | 119 | 127 | — | — | — | — | — | — |
| Selling, general and administrative | 17 | 22 | 32 | 31 | 26 | 28 | 35 | 45 | 47 | 62 | 70 |
| Operating income | 26 | 34 | 16 | 7 | 21 | 33 | 56 | 82 | 133 | 141 | 138 |
| Interest expense | 5 | 25 | 30 | 41 | 45 | 36 | 54 | 76 | 89 | 91 | 86 |
| Income before tax | — | — | — | — | — | — | — | 7 | 37 | 46 | — |
| Income tax | 0 | 0 | −2 | 1 | 11 | −5 | 5 | 8 | 13 | −9 | −9 |
| Net income | 20 | 4 | −18 | −34 | 26 | −25 | −39 | −49 | −24 | 56 | 56 |
| Diluted EPS | $0.30 | $0.05 | −$0.29 | −$0.50 | $0.38 | −$0.34 | −$0.50 | −$0.63 | −$0.31 | $0.68 | $0.67 |
| Diluted shares (average) | 66m | 67m | 62m | 67m | 67m | 72m | 78m | 78m | 78m | 81m | 83m |
| EBITDA | 41 | 49 | 36 | 46 | 62 | 83 | 127 | 150 | 191 | 204 | 212 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 227 | 227 | 225 | 240 | 241 | 247 | 250 | 262 |
| Selling, general and administrative | 12 | 13 | 15 | 14 | 16 | 18 | 19 | 17 |
| Operating income | 38 | 34 | 33 | 37 | 38 | 33 | 33 | 33 |
| Interest expense | 23 | 23 | 23 | 23 | 22 | 22 | 21 | 21 |
| Income tax | 5 | 3 | 2 | 4 | −20 | 4 | 4 | 4 |
| Net income | 5 | −4 | 8 | 11 | 28 | 9 | 10 | 10 |
| Diluted EPS | $0.07 | −$0.05 | $0.10 | $0.14 | $0.34 | $0.10 | $0.12 | $0.12 |
| EBITDA | 52 | 48 | 46 | 51 | 53 | 54 | 51 | 54 |
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