Priority Tech (PRTH) Q1 2026 Earnings Transcript

Motley Fool Transcribing, The Motley Fool Mon, May 11, 2026 at 10:12 PM GMT+7 20 min read PRTH Image source: The Motley Fool. Chairman and Chief Executive Officer — Thomas Priore Chief Financial Officer — Timothy O’Leary Need a quote from a Motley Fool analyst? Email pr@fool.com Operator: Greetings. Welcome to Priority Technology Holdings, Inc. First Quarter 2026 Earnings Call. The question and answer session will follow the formal presentation. Please note that this conference is being recorded. At this time, I will now turn the conference over to Meghna Mehra, Managing Director of ICR. Thank you, Meghna. You may now begin. Meghna Mehra: Good morning, and thank you for joining us. With me today are Thomas Priore, Chairman and Chief Executive Officer of Priority Technology Holdings, Inc., and Timothy O’Leary, Chief Financial Officer. Before giving our prepared remarks, I would like to remind all participants that our comments today will include forward-looking statements, which involve a number of risks and uncertainties that may cause actual results to differ materially from our forward-looking statements. The company undertakes no obligation to update or revise the forward-looking statements whether as a result of new information, future events, or otherwise. We provide a detailed discussion of the various risk factors in our SEC filings and we encourage you to review these filings. Additionally, we may refer to non-GAAP measures, including but not limited to EBITDA and adjusted EBITDA during the call. Reconciliations of our non-GAAP performance and liquidity measures to the appropriate GAAP measures can be found in our press release and SEC filings available in the Investors section of our website. Before I turn the call over to Tom, I would like to say that on today s call, we will only be discussing Priority Technology Holdings, Inc.’s financial and operational results and we will not be commenting on or answering questions related to the special committee s ongoing evaluation of the take-private proposal. Please continue to refer to the company s prior press releases for the latest on that topic. With that, I would like to turn the call over to our Chairman and CEO, Thomas Priore. Thomas Priore: Thank you, Meghna, and thanks to everyone for joining us this morning. I will cover our aggregate first quarter performance and outlook before handing the call over to Tim, who will provide segment-level performance, key trends, and developments across our business segments and Priority Technology Holdings, Inc. overall. This morning, we reported strong growth in both revenue and profits for the first quarter. As summarized on slide three, Priority Technology Holdings, Inc. had a solid Q1 by every key financial metric, growing net revenue by 11%, generating adjusted gross profit and adjusted EBITDA growth of 13% each, and increasing adjusted EPS by 27% year-over-year to $0.28. We ended the first quarter with 1.8 million total customer accounts operating on our commerce platform, which is up 50,000 from 2025. Annual transaction volume increased by $3 billion from year-end to $153 billion, and average account balances under administration improved by over $100 million from year-end to $1.8 billion. Tim will provide more context on the full-year outlook later in the call, but I can reflect that the value our diverse partners and customers see in our unified commerce platform and elegant product solutions provides continued confidence that we will sustain the momentum in our Merchant Solutions, Payables, and Treasury Solutions segments. Turning our attention to aggregate Q1 results on slide four, revenue of $249.6 million increased 11% from the prior year. This led to a 13% increase in adjusted gross profit to $98.8 million and a 13% improvement in adjusted EBITDA to $58.1 million. Adjusted gross profit margin of 39.6% increased 70 basis points from the prior year s first quarter, reflecting the ongoing performance of our diverse, high-margin Payables and Treasury Solutions segments combined with the accretive impact of acquisitions completed in 2025. For those of you who are new to Priority Technology Holdings, Inc., slides five and six highlight our vision for Connected Commerce. The Priority Commerce platform is purpose-built to streamline collecting, storing, lending, and sending money. It delivers a flexible financial toolset for merchant acquiring, payables, and treasury solutions designed to accelerate cash flow and optimize working capital for businesses. I would encourage you to play the short one- to two-minute videos embedded in the product links on the slide to gain a deeper appreciation of why customers are consistently partnering with Priority Technology Holdings, Inc. to reach their commerce goals and why we are emerging as a go-to solution provider for embedded commerce and finance solutions. Slide six highlights a typical partner experience with our commerce APIs’ orchestration capabili

Priority Tech (PRTH) Q1 2026 Earnings Transcript

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Priority Tech (PRTH) Q1 2026 Earnings Transcript

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