Recent Updates — PRTH
Priority Technology Holdings reported third-quarter 2026 revenue of $268.6 million, an 11.3% increase from the prior year period. Net income declined 55.7% to $12.2 million, while adjusted EBITDA rose 5.5% to $60.9 million and diluted EPS fell to $0.14. The company reaffirmed its previously announced agreement to be acquired by affiliates of WD Capital Partners for $8.05 per share in cash, with completion expected in the first half of 2027 subject to regulatory approvals and stockholder consent. Priority Commerce delivers payments and banking solutions that power connected commerce through a unified platform.
Priority Technology Holdings, Inc. entered into a definitive merger agreement on September 18, 2026, to be acquired by an investor group led by Chairman and CEO Thomas Priore. Unaffiliated shareholders will receive $8.05 per share in cash, representing a 38% premium to the closing price on September 18, 2026. The transaction values the company at approximately $1.6 billion and is supported by an equity commitment of up to $160 million from Searchlight Capital Partners. The merger requires approval from disinterested stockholders and customary regulatory conditions, with a target close in the first half of 2027. Upon completion, Priority will be delisted from Nasdaq and become a wholly owned subsidiary of Parent. Priority Technology Holdings operates in the payments and banking solutions industry.
Priority Technology Holdings, Inc. acquired IntelliPay for a base purchase price of $11.5 million plus up to $3.5 million in earnout payments based on gross profit over eight fiscal quarters. The acquisition establishes Priority Commerce Government, expanding the company's enterprise payments business into the public sector. IntelliPay is expected to contribute just over $4 million of incremental revenue for the remainder of 2026. Priority Technology Holdings operates in the financial technology industry, providing payment processing and banking solutions.
Priority Technology Holdings, Inc. reported second quarter 2026 financial results for the period ended June 30, 2026. Revenue increased 9.4% year-over-year to $262.3 million, driven by organic growth of 7.2%. Adjusted gross profit rose 8.1% to $99.9 million, while adjusted EBITDA grew 6.0% to $59.4 million. GAAP net income decreased 9.3% to $9.9 million, and diluted EPS fell to $0.12 from $0.14 in the prior year period. The company affirmed its full-year 2026 guidance, forecasting revenue between $1.01 billion and $1.04 billion, adjusted gross profit of $405 million to $425 million, and adjusted EBITDA of $230 million to $245 million. Priority Technology Holdings operates in the financial technology industry, providing payments, banking, and treasury solutions through its unified commerce platform.