Quarterly ResultMay 11, 2026, 08:32 AM
Priority Technology Q1 Revenue +11.1% to $249.6M; Net Income +18% to $9.8M
AI Summary
Priority Technology Holdings, Inc. reported strong financial results for the first quarter of 2026, with revenues increasing by 11.1% to $249.6 million and net income rising by 18.0% to $9.8 million. Basic earnings per share also grew by 20.0% to $0.12. The company saw significant growth in cash provided by operating activities, which surged by 139.4% to $23.8 million.
Key Highlights
- Q1 2026 revenue increased 11.1% to $249.6 million from $224.6 million in Q1 2025.
- Net income rose 18.0% to $9.8 million in Q1 2026, up from $8.3 million in Q1 2025.
- Basic EPS increased 20.0% to $0.12 for Q1 2026, compared to $0.10 in Q1 2025.
- Operating income grew 2.3% to $33.4 million in Q1 2026 from $32.6 million in Q1 2025.
- Net cash from operating activities surged 139.4% to $23.8 million in Q1 2026.
- Merchant Solutions revenue was $161.8 million, Payables $32.4 million, and Treasury Solutions $58.8 million.
- Total assets increased to $2.47 billion at March 31, 2026, from $2.40 billion at December 31, 2025.
Price Impact
More from PRTH