Priority Technology Holdings, Inc(NASDAQ:PRTH)

Priority Technology Holdings, Inc. provides merchant acquiring, integrated payment software, and commercial payment solutions in the United States. It operates through three segments: Consumer Payments, Commercial Payments, and Integrated Partners. The company offers MX product suite, including MX I...
Website: http://www.prth.com
Full Time Employees: 580
Sector: Technology
Industry: Information Technology Services
• Market Cap:
• Exchange:
• Shs Outstanding:
• Employees:
• Beta:
• Return on Equity (ROE) ttm:
• Return on Assets (ROA) ttm:
• EPS ttm:
• Book value per Share:
• Cash per Share:
• Current ast per Share:
• P/E ttm:
• P/E forward:
• P/E ttm high:
• P/E ttm low:
• P/S ttm:
• P/B ttm:
• P/FCF ttm:
• PEG ratio:
• Cash Ratio ttm:
• Quick Ratio ttm:
• Current Ratio ttm:
• Gross Mgn ttm:
• EBITDA Mgn ttm:
• Operating Mgn ttm:
• Net Income Mgn ttm:
• Trailing Div yield:
• Forward Div yield:
• Payout Ratio ttm:
• Ex-Dividend date:
• Target Price High:
• Target Price Low:
• Target Price Mean:
• Number of Analysts:
• Debt Ratio ttm:
• Debt to Equity ttm:
• Total Net Debt:
At a glance:
Bull Thesis:
Bear Thesis:
Main Competitors:
Moat:
Income Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2016-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
revenues | 249,558,000 | 239,812,000 | 224,630,000 | 227,067,000 | 227,049,000 | 219,867,000 | 205,719,000 | 199,279,000 | 189,015,000 | 182,290,000 | 185,028,000 | 177,555,000 | 166,417,000 | 166,430,000 | 153,239,000 | 144,048,000 | 132,542,000 | 125,014,000 | 113,297,000 | 106,091,000 | 108,962,000 | 92,356,000 | 96,933,000 | ||||||||
operating expenses | |||||||||||||||||||||||||||||||
cost of revenue | 150,787,000 | 147,399,000 | 137,353,000 | 102,121,500 | 141,070,000 | 138,118,000 | 129,298,000 | 88,482,250 | 116,682,000 | 115,281,000 | 121,966,000 | 80,046,750 | 107,958,000 | 110,749,000 | |||||||||||||||||
salary and employee benefits | 28,522,000 | 27,060,000 | 25,775,000 | 23,199,000 | 21,748,000 | 22,119,000 | 22,150,000 | 21,688,000 | 20,129,000 | 19,109,000 | 19,048,000 | 16,846,000 | 16,384,000 | 15,770,000 | 16,077,000 | 12,010,000 | 11,909,000 | 10,351,000 | 9,548,000 | 9,812,000 | 10,010,000 | 9,556,000 | 10,129,000 | 10,291,000 | 10,668,000 | 10,356,000 | 10,899,000 | 9,918,000 | 9,992,000 | ||
depreciation and amortization | 17,615,000 | 14,093,000 | 13,777,000 | 13,811,000 | 13,733,000 | 15,244,000 | 15,253,000 | 15,092,000 | 17,275,000 | 17,980,000 | 18,048,000 | 18,006,000 | 17,817,000 | 17,505,000 | 17,353,000 | 17,574,000 | 12,330,000 | 10,723,000 | 9,070,000 | 9,889,000 | 10,251,000 | 10,363,000 | 10,272,000 | 10,329,000 | 10,077,000 | 9,761,000 | 8,925,000 | 7,061,000 | 4,899,000 | ||
selling, general and administrative | 19,244,000 | 13,910,000 | 15,100,000 | 12,783,000 | 12,413,000 | 11,212,000 | 10,995,000 | 14,084,000 | 11,423,000 | 10,787,000 | 9,118,000 | 7,938,000 | 10,178,000 | 9,346,000 | 7,503,000 | 6,195,000 | 7,220,000 | 6,704,000 | 8,289,000 | 6,520,000 | 6,688,000 | 6,008,000 | 6,609,000 | 9,764,000 | 6,695,000 | 7,586,000 | 6,750,000 | 18,103,000 | 3,725,000 | ||
total operating expenses | 216,168,000 | 202,462,000 | 192,005,000 | 192,928,000 | 188,964,000 | 186,693,000 | 177,696,000 | 177,242,000 | 165,509,000 | 163,157,000 | 168,180,000 | 159,356,000 | 152,337,000 | 153,370,000 | 142,413,000 | 131,137,000 | 124,292,000 | 117,609,000 | 108,770,000 | 99,862,000 | 101,920,000 | 88,325,000 | 93,374,000 | 53,441,000 | 107,229,000 | 104,989,000 | 99,011,000 | 95,190,000 | 100,031,000 | ||
operating income | 33,390,000 | 37,350,000 | 32,625,000 | 34,139,000 | 38,085,000 | 33,174,000 | 28,023,000 | 22,037,000 | 23,506,000 | 19,133,000 | 16,848,000 | 18,199,000 | 14,080,000 | 13,060,000 | 10,826,000 | 12,911,000 | 8,250,000 | ||||||||||||||
yoy | -2.19% | 12.59% | 16.42% | 54.92% | 62.02% | 73.39% | 66.33% | 21.09% | 66.95% | 46.50% | 55.63% | 40.96% | 70.67% | ||||||||||||||||||
qoq | 14.48% | -4.43% | -10.36% | 14.80% | 18.38% | 27.16% | -6.25% | 22.86% | 13.56% | -7.42% | 29.25% | 7.81% | 20.64% | -16.15% | 56.50% | ||||||||||||||||
operating margin % | Infinity% | NaN% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | 0% | 0% | 0% | 0% | 0% | 0% | NaN% |
other expense | |||||||||||||||||||||||||||||||
interest expense | -21,016,000 | -23,054,000 | -23,176,000 | -23,112,000 | -23,246,000 | -21,710,000 | -20,880,000 | -20,647,000 | -19,997,000 | -17,765,000 | -17,699,000 | -16,272,000 | -13,412,000 | -12,335,000 | -11,535,000 | -11,877,000 | -8,155,000 | -7,285,000 | -9,168,000 | -9,385,000 | -13,471,000 | -11,668,000 | -10,315,000 | -10,051,000 | -10,463,000 | -10,776,000 | -9,363,000 | -8,042,000 | -7,334,000 | ||
debt extinguishment and modification costs | -38,000 | -1,703,000 | -43,000 | -8,623,000 | -8,322,000 | -474,750 | -1,523,000 | ||||||||||||||||||||||||
other income | 1,032,000 | 1,006,000 | 1,107,000 | 1,166,000 | 711,000 | 668,000 | 632,000 | 417,000 | 732,000 | 375,000 | 212,000 | 278,000 | 231,000 | 29,000 | 51,000 | 110,000 | 146,000 | 182,000 | 190,000 | 194,000 | -346,000 | ||||||||||
total other expense | -19,984,000 | -22,048,000 | -22,107,000 | -23,649,000 | -22,578,000 | -29,665,000 | -20,248,000 | -13,535,500 | -19,265,000 | -17,390,000 | -17,487,000 | -9,242,750 | -13,181,000 | -12,306,000 | -11,484,000 | ||||||||||||||||
income before income taxes | 13,406,000 | 15,302,000 | 10,518,000 | 10,490,000 | 15,507,000 | 3,509,000 | 7,775,000 | 1,807,000 | 4,241,000 | 1,743,000 | -639,000 | 2,205,000 | 899,000 | 754,000 | -658,000 | 8,787,000 | 241,000 | -7,987,000 | -4,910,000 | -2,974,000 | 99,477,000 | -7,443,000 | -7,102,000 | -8,807,000 | -7,580,000 | -8,202,000 | -8,170,000 | ||||
income tax expense | 3,646,000 | 4,423,000 | 2,250,000 | 3,270,000 | 4,899,000 | 2,515,000 | 2,582,000 | 1,913,000 | 4,328,000 | 2,355,000 | 3,517,000 | 1,691,000 | 467,000 | -5,307,000 | 790,000 | 1,490,000 | -2,020,000 | 13,737,000 | 415,000 | -1,638,000 | -1,736,000 | 5,928,000 | -404,500 | 2,350,000 | |||||||
net income attributable to common stockholders | 9,760,000 | 10,879,000 | 8,268,000 | -5,048,000 | 5,487,000 | 8,565,000 | -6,362,000 | ||||||||||||||||||||||||
other comprehensive income | |||||||||||||||||||||||||||||||
foreign currency translation adjustments | -353,000 | 217,000 | 43,000 | -110,000 | -28,000 | 4,000 | -13,000 | 5,000 | -65,000 | 7,000 | 24,000 | ||||||||||||||||||||
comprehensive income | 9,407,000 | 11,096,000 | 8,311,000 | -5,057,250 | 5,459,000 | ||||||||||||||||||||||||||
earnings per common share: | |||||||||||||||||||||||||||||||
basic | 120 | 140 | 100 | -65 | 70 | 140 | -90 | ||||||||||||||||||||||||
diluted | 120 | 140 | 100 | -65 | 70 | 140 | -90 | ||||||||||||||||||||||||
weighted-average common shares outstanding: | |||||||||||||||||||||||||||||||
basic | 81,373,000 | 79,798,000 | 78,981,000 | 78,774,000 | 77,973,000 | 78,333,000 | 78,233,000 | 71,902,000 | 71,979,000 | 67,158,000 | 67,167,000 | 67,007,000 | |||||||||||||||||||
diluted | 83,647,000 | 81,468,000 | 79,837,000 | 79,857,000 | 80,095,000 | 78,333,000 | 78,233,000 | 71,902,000 | 71,979,000 | 67,263,000 | 67,286,000 | 67,007,000 | |||||||||||||||||||
net income | 10,879,000 | 8,268,000 | 7,220,000 | 10,608,000 | 994,000 | 5,193,000 | -106,000 | -87,000 | -612,000 | -506,000 | -1,312,000 | -792,000 | 287,000 | -333,000 | 14,094,000 | -549,000 | -9,477,000 | -2,679,000 | -954,000 | 85,740,000 | -7,858,000 | -5,869,000 | -7,169,000 | -5,844,000 | -14,130,000 | -6,446,000 | -3,674,000 | -2,562,000 | -36,382 | ||
yoy | 994.47% | 59.21% | -6911.32% | -12293.10% | -262.42% | -1126.28% | -91.92% | -89.02% | -313.24% | 51.95% | -109.31% | 44.26% | -103.03% | -87.57% | -1577.36% | -100.64% | 20.60% | -54.35% | -86.69% | -1567.15% | -44.39% | -8.95% | 95.13% | 128.10% | 38737.89% | ||||||
qoq | 31.58% | 14.52% | -31.94% | 967.20% | -80.86% | -4999.06% | 21.84% | -85.78% | 20.95% | -61.43% | 65.66% | -375.96% | -186.19% | -102.36% | -2667.21% | -94.21% | 253.75% | 180.82% | -101.11% | -1191.12% | 33.89% | -18.13% | 22.67% | -58.64% | 119.21% | 75.45% | 43.40% | 6941.94% | |||
net income margin % | NaN% | NaN% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | Infinity% | -Infinity% | Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | Infinity% | -Infinity% | -Infinity% | -9.04% | -5.31% | -13.15% | -6.45% | -3.66% | -2.47% | -Infinity% |
less: dividends and accretion attributable to redeemable senior preferred stockholders | -9,087,000 | -5,121,000 | -18,565,000 | -12,662,000 | -12,492,000 | -12,192,000 | -11,765,000 | -11,295,000 | -10,465,000 | -9,466,000 | -8,549,000 | -8,400,000 | |||||||||||||||||||
less: return on redeemable nci | |||||||||||||||||||||||||||||||
less: return on redeemable nci in consolidated subsidiary | -58,000 | -581,000 | |||||||||||||||||||||||||||||
net loss attributable to common stockholders | -17,629,000 | -8,050,000 | -12,598,000 | -12,279,000 | -12,377,000 | -11,801,000 | -6,813,250 | -10,258,000 | -8,262,000 | -8,733,000 | |||||||||||||||||||||
other comprehensive loss | |||||||||||||||||||||||||||||||
comprehensive loss | -17,625,000 | -8,063,000 | -12,593,000 | -12,344,000 | -12,370,000 | -11,777,000 | |||||||||||||||||||||||||
loss per common share: | |||||||||||||||||||||||||||||||
basic and diluted | -230 | -100 | -117.5 | -160 | -160 | -150 | -87.5 | -130 | -110 | -110 | -350 | -40 | -120 | -90 | -97.5 | -90 | -210 | -100 | |||||||||||||
weighted-average common shares outstanding: | |||||||||||||||||||||||||||||||
basic and diluted | 77,993,000 | 77,736,000 | 78,021,000 | 78,381,000 | 78,292,000 | 78,133,000 | 77,984,000 | 78,603,000 | 78,597,000 | 69,496,000 | 67,543,000 | 67,114,000 | 67,061,000 | 67,086,000 | 67,094,000 | 61,607,000 | |||||||||||||||
income tax benefit | -133,000 | -325,000 | -2,231,000 | -1,233,000 | -1,724,000 | -768,000 | -991,000 | ||||||||||||||||||||||||
less: nci preferred unit redemptions | |||||||||||||||||||||||||||||||
costs of services | 101,480,000 | 95,358,000 | 92,833,000 | 89,831,000 | 81,863,000 | 73,641,000 | 74,971,000 | 62,398,000 | 66,364,000 | ||||||||||||||||||||||
other (expenses) income | |||||||||||||||||||||||||||||||
gain on sale of business | 107,239,000 | ||||||||||||||||||||||||||||||
total other (expenses) income | -4,124,000 | -8,009,000 | |||||||||||||||||||||||||||||
dividends and accretion attributable to redeemable senior preferred stockholders | -2,431,000 | -5,813,000 | -3,911,000 | ||||||||||||||||||||||||||||
non-controlling interest preferred unit redemptions | -2,694,250 | -10,777,000 | |||||||||||||||||||||||||||||
less net income attributable to redeemable non-controlling interests and redeemed non-controlling interests | -11,337,000 | -45,348,000 | |||||||||||||||||||||||||||||
operating expenses: | |||||||||||||||||||||||||||||||
income from operations | 7,405,000 | 4,527,000 | 6,229,000 | 7,042,000 | 4,031,000 | 3,559,000 | 1,057,000 | 2,725,000 | 2,436,000 | 966,000 | 5,276,000 | 3,560,000 | |||||||||||||||||||
other expenses: | |||||||||||||||||||||||||||||||
other income (expenses) | 215,000 | ||||||||||||||||||||||||||||||
total other expenses | -15,392,000 | -9,437,000 | -11,474,000 | -10,661,000 | -9,864,000 | -10,305,000 | -10,638,000 | -9,136,000 | -9,718,000 | -7,113,000 | |||||||||||||||||||||
net loss attributable to common stockholders of prth | -24,165,000 | ||||||||||||||||||||||||||||||
other expenses | -269,000 | ||||||||||||||||||||||||||||||
total other income (expenses) | -9,203,000 | 92,435,000 | |||||||||||||||||||||||||||||
net income attributable to stockholders of priority technology holdings, inc. | -1,004,000 | 40,392,000 | |||||||||||||||||||||||||||||
income per common share: | |||||||||||||||||||||||||||||||
basic | -20 | 600 | |||||||||||||||||||||||||||||
diluted | -20 | 600 | |||||||||||||||||||||||||||||
weighted-average common shares and equivalents: | |||||||||||||||||||||||||||||||
basic | 81,373,000 | 79,798,000 | 78,981,000 | 78,774,000 | 77,973,000 | 78,333,000 | 78,233,000 | 71,902,000 | 71,979,000 | 67,158,000 | 67,167,000 | 67,007,000 | |||||||||||||||||||
diluted | 83,647,000 | 81,468,000 | 79,837,000 | 79,857,000 | 80,095,000 | 78,333,000 | 78,233,000 | 71,902,000 | 71,979,000 | 67,263,000 | 67,286,000 | 67,007,000 | |||||||||||||||||||
revenue: | |||||||||||||||||||||||||||||||
merchant card fees | 73,173,500 | 101,720,000 | 99,145,000 | 91,829,000 | |||||||||||||||||||||||||||
outsourced services and other | 6,165,500 | 8,234,000 | 8,280,000 | 8,148,000 | |||||||||||||||||||||||||||
total revenue | 79,339,000 | 109,954,000 | 107,425,000 | 99,977,000 | 100,466,000 | 103,591,000 | |||||||||||||||||||||||||
yoy | -21.03% | 6.14% | |||||||||||||||||||||||||||||
qoq | -27.84% | 2.35% | 7.45% | -0.49% | -3.02% | ||||||||||||||||||||||||||
costs of merchant card fees | 53,858,250 | 74,953,000 | 72,609,000 | 67,871,000 | 65,947,000 | 71,876,000 | |||||||||||||||||||||||||
costs of outsourced services and other | 3,519,750 | 4,836,000 | 4,677,000 | 4,566,000 | |||||||||||||||||||||||||||
other | 130,750 | 158,000 | 138,000 | 227,000 | |||||||||||||||||||||||||||
pro forma | |||||||||||||||||||||||||||||||
pro forma income tax expense | |||||||||||||||||||||||||||||||
pro forma net loss | |||||||||||||||||||||||||||||||
pro forma loss per common share: | |||||||||||||||||||||||||||||||
basic and diluted | |||||||||||||||||||||||||||||||
pro forma income tax benefit | |||||||||||||||||||||||||||||||
merchant card fees revenue | 74,915,250 | 94,915,000 | |||||||||||||||||||||||||||||
outsourced services revenue | 4,606,500 | 6,264,000 | |||||||||||||||||||||||||||||
other revenues | 1,465,500 | 2,412,000 | |||||||||||||||||||||||||||||
other costs of services | 3,379,500 | 4,475,000 | |||||||||||||||||||||||||||||
change in fair value of contingent consideration | |||||||||||||||||||||||||||||||
other operating expenses | 2,612,250 | 5,064,000 | |||||||||||||||||||||||||||||
interest income | 132,500 | 153,000 | |||||||||||||||||||||||||||||
debt modification and extinguishment expenses | -330,750 | ||||||||||||||||||||||||||||||
change in fair value of warrant liability | -864,500 | 72,000 | |||||||||||||||||||||||||||||
equity in loss and impairment of unconsolidated entities | -214,250 | -4,000 | |||||||||||||||||||||||||||||
net income before income taxes | -3,089,500 | -3,553,000 | |||||||||||||||||||||||||||||
income per common share: | |||||||||||||||||||||||||||||||
basic and diluted | -50 | -40 | |||||||||||||||||||||||||||||
expenses | |||||||||||||||||||||||||||||||
formation and operating costs | 61,360 | ||||||||||||||||||||||||||||||
administrative fee – related party | 5,667 | ||||||||||||||||||||||||||||||
total expenses | 67,027 | ||||||||||||||||||||||||||||||
change in value of derivative liability | |||||||||||||||||||||||||||||||
interest and dividend income | 3,145 | ||||||||||||||||||||||||||||||
extinguishment of debt | 27,500 | ||||||||||||||||||||||||||||||
total other income | 30,645 | ||||||||||||||||||||||||||||||
net income per share | -0.03 | ||||||||||||||||||||||||||||||
weighted-average shares of common stock outstanding | |||||||||||||||||||||||||||||||
- basic and diluted | 1,363,737 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | ||||||||||||||||||||||||||||||||||||
current assets: | ||||||||||||||||||||||||||||||||||||
cash and cash equivalents | 92,152,000 | 77,192,000 | 50,564,000 | 47,587,000 | 58,600,000 | 41,072,000 | 34,626,000 | 34,290,000 | 39,604,000 | 24,595,000 | 17,567,000 | 15,882,000 | 18,454,000 | 12,707,000 | 22,162,000 | 13,557,000 | 20,300,000 | 16,974,000 | 39,114 | 172,196 | 479,382 | 124,783 | 128,071 | |||||||||||||
restricted cash | 16,403,000 | 16,457,000 | 14,205,000 | 11,490,000 | 11,090,000 | 13,398,000 | 12,625,000 | 12,658,000 | 11,923,000 | 13,890,000 | 12,357,000 | 11,012,000 | 10,582,000 | 11,624,000 | 11,717,000 | 13,588,000 | 28,859,000 | 17,258,000 | 18,232,000 | 58,933,000 | 78,879,000 | 37,135,000 | 45,146,000 | 36,873,000 | 47,231,000 | 22,652,000 | 21,693,000 | 20,149,000 | 18,200,000 | |||||||
accounts receivable | 88,547,000 | 91,300,000 | 86,029,000 | 80,280,000 | 67,969,000 | 73,393,000 | 65,746,000 | 67,137,000 | 58,551,000 | 61,134,000 | 60,130,000 | 78,042,000 | 78,113,000 | 69,688,000 | 70,437,000 | 72,863,000 | 58,423,000 | 52,651,000 | 50,596,000 | 50,886,000 | 41,321,000 | 40,122,000 | 35,332,000 | 37,362,000 | 37,993,000 | 47,491,000 | 49,564,000 | 47,902,000 | 45,651,000 | |||||||
prepaid expenses and other current assets | 29,357,000 | 32,145,000 | 25,870,000 | 19,962,000 | 22,990,000 | 19,103,000 | 19,479,000 | 13,699,000 | 13,273,000 | 13,274,000 | 14,608,000 | 10,443,000 | 11,832,000 | 16,725,000 | 18,200,000 | 12,378,000 | 15,807,000 | 13,331,000 | 5,443,000 | 4,083,000 | 3,500,000 | 3,968,000 | 2,928,000 | 3,445,000 | 3,897,000 | 4,317,000 | 3,700,000 | 4,394,000 | 3,642,000 | 41,489 | 9,936 | 35,322 | 117,639 | 121,205 | 56,241 | |
current portion of notes receivable, net of allowance of 0 and 0, respectively | 2,410,000 | 3,283,000 | 2,231,000 | 2,567,000 | 2,188,000 | 1,972,000 | 1,561,000 | 2,530,000 | 1,581,000 | |||||||||||||||||||||||||||
settlement assets | 1,355,757,000 | 1,295,896,000 | 1,125,934,000 | 722,000 | 1,220,000 | 753,000 | 327,000 | 327,000 | 456,000 | 533,000 | 756,000 | 1,291,000 | 1,006,000 | 1,042,000 | ||||||||||||||||||||||
total current assets | 1,584,626,000 | 1,515,052,000 | 1,305,885,000 | 1,164,584,000 | 1,105,085,000 | 1,028,894,000 | 937,058,000 | 882,346,000 | 881,294,000 | 826,624,000 | 817,897,000 | 729,106,000 | 652,470,000 | 628,417,000 | 627,429,000 | 611,654,000 | 603,132,000 | 580,681,000 | 86,334,000 | 122,778,000 | 135,884,000 | 104,682,000 | 91,376,000 | 82,260,000 | 94,214,000 | 80,769,000 | 82,882,000 | 83,980,000 | 85,145,000 | 80,603 | 182,132 | 514,704 | 242,422 | 249,276 | 418,776 | 512,196 |
notes receivable, less current portion | 25,340,000 | 17,629,000 | 6,704,000 | 6,473,000 | 4,919,000 | 3,727,000 | 4,998,000 | 4,549,000 | 3,728,000 | 3,616,000 | 3,018,000 | 3,066,000 | 3,191,000 | 2,072,000 | 2,049,000 | 2,027,000 | 105,000 | 3,977,000 | 3,915,000 | 5,084,000 | 5,527,000 | 4,684,000 | 4,826,000 | 5,382,000 | 4,395,000 | 3,795,000 | 3,812,000 | 717,000 | 852,000 | |||||||
property, equipment and software | 59,785,000 | 58,636,000 | 57,529,000 | 53,718,000 | 52,477,000 | 51,603,000 | 49,800,000 | 48,120,000 | 44,680,000 | 41,851,000 | 38,984,000 | 36,976,000 | 34,687,000 | 29,773,000 | 26,749,000 | 25,397,000 | 25,233,000 | 24,915,000 | 22,875,000 | |||||||||||||||||
goodwill | 416,535,000 | 416,641,000 | 382,497,000 | 386,822,000 | 376,091,000 | 376,091,000 | 376,091,000 | 376,112,000 | 376,103,000 | 375,794,000 | 368,740,000 | 368,740,000 | 369,337,000 | 365,347,000 | 365,740,000 | 365,740,000 | 365,740,000 | 372,702,000 | 124,078,000 | 106,832,000 | 106,832,000 | 106,832,000 | 109,515,000 | 109,515,000 | 109,515,000 | 109,515,000 | 109,515,000 | 109,515,000 | 109,515,000 | |||||||
intangible assets | 302,518,000 | 315,190,000 | 225,035,000 | 231,560,000 | 240,874,000 | 248,819,000 | 258,632,000 | 261,658,000 | 273,350,000 | 285,490,000 | 269,428,000 | 277,478,000 | 288,794,000 | 301,729,000 | 316,964,000 | 325,084,000 | 340,211,000 | 346,695,000 | 145,836,000 | 91,062,000 | 98,057,000 | 97,239,000 | 168,751,000 | 175,303,000 | 182,826,000 | 188,056,000 | 195,884,000 | 206,921,000 | 124,637,000 | |||||||
deferred income taxes | 47,102,000 | 46,350,000 | 27,015,000 | 26,933,000 | 24,697,000 | 25,477,000 | 25,556,000 | 24,405,000 | 22,533,000 | 18,879,000 | 26,066,000 | 22,163,000 | 16,447,000 | 12,058,000 | 11,319,000 | 11,493,000 | 8,265,000 | 3,462,000 | 47,578,000 | 48,996,000 | 42,962,000 | 50,586,000 | 50,890,000 | 47,206,000 | 45,470,000 | 51,313,000 | ||||||||||
other noncurrent assets | 30,300,000 | 29,306,000 | 22,755,000 | 21,568,000 | 22,717,000 | 25,058,000 | 21,294,000 | 12,767,000 | 13,649,000 | 11,145,000 | 8,147,000 | 8,456,000 | 8,437,000 | 10,353,000 | 11,053,000 | 8,944,000 | 9,256,000 | |||||||||||||||||||
total assets | 2,466,206,000 | 2,398,804,000 | 2,027,420,000 | 1,891,658,000 | 1,826,860,000 | 1,759,669,000 | 1,673,429,000 | 1,609,957,000 | 1,615,337,000 | 1,563,399,000 | 1,532,280,000 | 1,445,985,000 | 1,373,363,000 | 1,349,749,000 | 1,361,303,000 | 1,350,339,000 | 1,351,942,000 | 1,335,184,000 | 442,876,000 | 400,492,000 | 417,829,000 | 380,411,000 | 449,699,000 | 447,919,000 | 464,505,000 | 452,277,000 | 460,314,000 | 472,115,000 | 388,618,000 | 55,464,473 | 55,264,031 | 55,462,751 | 55,068,787 | 54,966,023 | 55,150,604 | 52,012,196 |
liabilities, stockholders' deficit and non-controlling interest | ||||||||||||||||||||||||||||||||||||
current liabilities: | ||||||||||||||||||||||||||||||||||||
accounts payable and accrued expenses | 58,754,000 | 70,636,000 | 53,692,000 | 54,414,000 | 62,149,000 | 67,009,000 | 66,724,000 | 49,329,000 | 52,643,000 | 56,107,000 | 59,839,000 | 57,110,000 | 51,864,000 | 50,955,000 | 55,200,000 | 43,464,000 | 42,523,000 | 42,103,000 | 37,420,000 | 29,880,000 | 29,821,000 | 23,744,000 | 19,953,000 | 24,413,000 | 26,965,000 | 22,033,000 | 23,509,000 | 23,568,000 | 27,638,000 | 563,731 | 349,292 | 474,677 | 263,063 | 115,271 | 111,011 | 67,027 |
accrued residual commissions | 43,558,000 | 40,463,000 | 40,526,000 | 40,478,000 | 37,560,000 | 35,818,000 | 36,091,000 | 35,965,000 | 33,025,000 | 31,023,000 | 34,614,000 | 41,049,000 | 35,979,000 | 32,593,000 | 34,513,000 | 34,372,000 | 29,532,000 | 27,984,000 | 28,201,000 | 30,300,000 | 23,824,000 | 22,028,000 | 22,434,000 | 18,326,000 | 19,315,000 | 17,852,000 | 18,675,000 | 18,293,000 | 18,715,000 | |||||||
customer deposits and advance payments | 2,728,000 | 1,972,000 | 3,433,000 | 2,506,000 | 2,246,000 | 4,205,000 | 3,569,000 | 4,090,000 | 3,934,000 | 6,634,000 | 3,253,000 | 2,868,000 | 2,618,000 | 3,111,000 | 1,065,000 | 5,008,000 | 5,021,000 | 3,597,000 | 4,269,000 | 5,488,000 | 2,883,000 | 3,449,000 | 2,882,000 | 3,281,000 | 4,928,000 | 3,532,000 | 3,625,000 | 3,737,000 | 3,282,000 | |||||||
current portion of long-term debt | 525,000 | 4,254,000 | 1,879,000 | 9,503,000 | 8,350,000 | 8,350,000 | 6,712,000 | 6,712,000 | 6,200,000 | 6,200,000 | 6,200,000 | 6,200,000 | 6,200,000 | 6,200,000 | 6,200,000 | 6,200,000 | 6,200,000 | 3,000,000 | 24,302,000 | 19,442,000 | 15,583,000 | 11,724,000 | 7,866,000 | 4,007,000 | 4,007,000 | 4,007,000 | 3,293,000 | 3,293,000 | ||||||||
settlement obligations | 1,356,128,000 | 1,297,263,000 | 1,127,266,000 | 11,278,000 | 50,820,000 | 72,878,000 | 30,288,000 | 39,167,000 | 30,665,000 | 37,789,000 | 17,542,000 | 16,565,000 | 13,381,000 | 11,132,000 | ||||||||||||||||||||||
total current liabilities | 1,461,693,000 | 1,410,334,000 | 1,229,171,000 | 1,102,672,000 | 1,051,671,000 | 991,197,000 | 913,487,000 | 849,946,000 | 852,068,000 | 810,032,000 | 814,457,000 | 720,180,000 | 630,001,000 | 609,867,000 | 603,669,000 | 592,775,000 | 583,567,000 | 569,210,000 | 84,168,000 | 140,790,000 | 148,848,000 | 101,042,000 | 96,160,000 | 84,551,000 | 93,004,000 | 76,466,000 | 80,381,000 | 72,272,000 | 64,060,000 | 735,600 | 388,408 | 573,793 | 332,179 | 154,387 | 150,127 | 141,497 |
long-term debt | 1,045,909,000 | 1,039,358,000 | 917,017,000 | 918,944,000 | 920,888,000 | 808,081,000 | 809,045,000 | 631,352,000 | 631,965,000 | 616,781,000 | 589,932,000 | 592,279,000 | 598,926,000 | 593,068,000 | 602,224,000 | 598,403,000 | 604,105,000 | 619,957,000 | 318,187,000 | 350,667,000 | 357,873,000 | 371,206,000 | 480,639,000 | 483,319,000 | 485,578,000 | 473,344,000 | 472,503,000 | 472,537,000 | 402,095,000 | |||||||
other noncurrent liabilities | 40,440,000 | 41,484,000 | 25,366,000 | 26,467,000 | 19,326,000 | 19,241,000 | 15,488,000 | 16,704,000 | 18,763,000 | 18,545,000 | 11,752,000 | 11,857,000 | 11,643,000 | 13,583,000 | 15,533,000 | 15,677,000 | 18,349,000 | |||||||||||||||||||
total liabilities | 2,548,042,000 | 2,491,176,000 | 2,171,554,000 | 2,048,083,000 | 1,991,885,000 | 1,818,519,000 | 1,738,020,000 | 1,498,002,000 | 1,502,796,000 | 1,445,358,000 | 1,416,141,000 | 1,324,316,000 | 1,240,570,000 | 1,216,518,000 | 1,221,426,000 | 1,206,855,000 | 1,206,021,000 | 1,203,278,000 | 410,688,000 | 500,247,000 | 516,393,000 | 478,672,000 | 583,197,000 | 574,139,000 | 585,194,000 | 557,550,000 | 560,914,000 | 557,220,000 | 474,091,000 | 1,797,622 | 1,450,430 | 1,635,815 | 1,394,201 | 1,216,409 | 1,212,149 | 1,141,497 |
commitments and contingencies | ||||||||||||||||||||||||||||||||||||
stockholders' deficit: | ||||||||||||||||||||||||||||||||||||
preferred stock, 0.001; 100,000,000 shares authorized; 0 issued or outstanding at march 31, 2026 and december 31, 2025 | ||||||||||||||||||||||||||||||||||||
common stock, 0.001 par value... | 82,000 | 80,000 | 80,000 | 77,000 | 76,000 | 76,000 | 77,000 | 76,000 | 76,000 | 78,000 | 78,000 | 78,000 | 2,386 | 2,353 | 2,340 | 2,345 | 2,328 | 2,311 | 2,386 | |||||||||||||||||
treasury stock | -23,643,000 | -22,759,000 | -21,921,000 | -21,077,000 | -19,607,000 | -19,278,000 | -18,673,000 | -18,491,000 | -12,815,000 | -12,577,000 | -12,577,000 | -12,336,000 | -11,559,000 | -8,765,000 | -6,170,000 | -4,248,000 | -4,091,000 | -3,411,000 | -2,388,000 | -2,388,000 | -2,388,000 | -2,388,000 | -2,388,000 | -2,388,000 | -2,388,000 | -2,388,000 | ||||||||||
additional paid-in capital | 15,902,000 | 13,925,000 | 3,629,000 | 1,669,000 | 328,000 | 9,650,000 | 17,719,000 | 26,042,000 | 32,992,000 | 39,835,000 | 44,640,000 | 14,913,000 | 7,257,000 | 5,769,000 | 5,068,000 | 4,569,000 | 3,989,000 | 3,651,000 | 3,354,000 | 2,183,000 | 1,160,000 | |||||||||||||||
accumulated other comprehensive loss | -563,000 | 84,000 | -133,000 | -66,000 | -38,000 | -42,000 | -34,000 | |||||||||||||||||||||||||||||
accumulated deficit | -81,693,000 | -91,453,000 | -127,987,000 | -138,866,000 | -147,134,000 | -146,571,000 | -153,472,000 | -141,412,000 | -134,951,000 | -123,714,000 | -112,974,000 | -102,714,000 | -102,208,000 | -100,896,000 | -100,104,000 | -100,391,000 | -100,058,000 | -114,718,000 | -114,169,000 | -104,692,000 | -102,013,000 | -101,009,000 | -141,401,000 | -133,543,000 | -111,960,000 | -106,116,000 | -91,986,000 | -85,540,000 | -389,825 | -243,075 | -229,740 | -382,090 | -307,066 | -118,221 | -53,872 | |
total stockholders' deficit attributable to stockholders of priority | -89,915,000 | -100,415,000 | -146,115,000 | -158,327,000 | -165,838,000 | |||||||||||||||||||||||||||||||
non-controlling interests in consolidated subsidiaries | 8,079,000 | 1,981,000 | 1,902,000 | 1,815,000 | 1,890,000 | 1,832,000 | 1,747,000 | 1,654,000 | 1,366,000 | 852,000 | 852,000 | |||||||||||||||||||||||||
total stockholders' deficit | -81,836,000 | -92,372,000 | -144,134,000 | -156,425,000 | -163,948,000 | -170,275,000 | -158,122,000 | -146,064,000 | -134,882,000 | -124,592,000 | -113,770,000 | -102,786,000 | -91,864,000 | -80,154,000 | -71,569,000 | -64,237,000 | -73,412,000 | -101,574,000 | -99,755,000 | -98,564,000 | -98,261,000 | -133,498,000 | -126,220,000 | -105,273,000 | -100,600,000 | -85,105,000 | ||||||||||
total liabilities, stockholders' deficit and non-controlling interest | 2,466,206,000 | 2,398,804,000 | ||||||||||||||||||||||||||||||||||
current portion of notes receivable, net of allowances of 0 and 0, respectively | 2,062,000 | 3,638,000 | 1,468,000 | 1,471,000 | ||||||||||||||||||||||||||||||||
preferred stock, 0.001 par value per share... | ||||||||||||||||||||||||||||||||||||
common stock,0.001 par value per share... | 82,000 | 77,000 | ||||||||||||||||||||||||||||||||||
accumulated other comprehensive income | -210,000 | -176,000 | -29,000 | 31,000 | 24,000 | |||||||||||||||||||||||||||||||
non-controlling interest in consolidated subsidiaries | 8,043,000 | |||||||||||||||||||||||||||||||||||
liabilities, stockholders' deficit and nci | ||||||||||||||||||||||||||||||||||||
preferred stock, 0.001; 100,000,000 shares authorized; 0 issued or outstanding at june 30, 2025 and december 31, 2024 | ||||||||||||||||||||||||||||||||||||
total liabilities, stockholders' deficit and nci | 2,027,420,000 | 1,891,658,000 | ||||||||||||||||||||||||||||||||||
settlement assets and customer/subscriber account balances | 1,003,034,000 | 940,798,000 | 879,361,000 | 802,394,000 | 752,590,000 | 756,475,000 | 712,170,000 | 710,705,000 | 612,146,000 | 532,018,000 | ||||||||||||||||||||||||||
settlement and customer/subscriber account obligations | 1,003,395,000 | 940,213,000 | 875,815,000 | 798,753,000 | 753,850,000 | 755,754,000 | 710,068,000 | 710,551,000 | 612,953,000 | 533,340,000 | ||||||||||||||||||||||||||
preferred stock, 0.001; 100,000,000 shares authorized; 0 issued or outstanding at march 31, 2025 and december 31, 2024 | ||||||||||||||||||||||||||||||||||||
liabilities, redeemable senior preferred stock and shareholders' deficit | ||||||||||||||||||||||||||||||||||||
redeemable senior preferred stock, net of discounts and issuance costs: | ||||||||||||||||||||||||||||||||||||
redeemable senior preferred stock, 0.001 par value per share... | 258,605,000 | 235,579,000 | 210,158,000 | |||||||||||||||||||||||||||||||||
shareholders' deficit: | ||||||||||||||||||||||||||||||||||||
total shareholders' deficit attributable to shareholders of priority | -166,840,000 | |||||||||||||||||||||||||||||||||||
total shareholders' deficit | -165,025,000 | |||||||||||||||||||||||||||||||||||
total liabilities, redeemable senior preferred stock and shareholders' deficit | 1,826,860,000 | |||||||||||||||||||||||||||||||||||
liabilities, redeemable senior preferred stock, redeemable nci, and stockholders' deficit | ||||||||||||||||||||||||||||||||||||
redeemable senior preferred stock, 0.001 par value... | 105,098,000 | 105,684,000 | 264,240,000 | 252,923,000 | 240,731,000 | 235,439,000 | 225,095,000 | 220,031,000 | 215,053,000 | |||||||||||||||||||||||||||
preferred stock, 0.001; 100,000,000 shares authorized; 0 issued or outstanding at september 30, 2024 and december 31, 2023 | ||||||||||||||||||||||||||||||||||||
total liabilities, redeemable senior preferred stock, redeemable nci and stockholders' deficit | 1,759,669,000 | 1,673,429,000 | 1,609,957,000 | |||||||||||||||||||||||||||||||||
preferred stock, 0.001; 100,000,000 shares authorized; 0 issued or outstanding at june 30, 2024 and december 31, 2023 | ||||||||||||||||||||||||||||||||||||
total stockholders' deficit attributable to stockholders of prth | -172,107,000 | -159,869,000 | -147,718,000 | -136,248,000 | -125,444,000 | -114,622,000 | -104,041,000 | |||||||||||||||||||||||||||||
redeemable non-controlling interests in consolidated subsidiary | 5,837,000 | |||||||||||||||||||||||||||||||||||
preferred stock, 0.001; 100,000,000 shares authorized; 0 issued or outstanding at march 31, 2024 and december 31, 2023 | ||||||||||||||||||||||||||||||||||||
liabilities, redeemable senior preferred stock and stockholders' deficit | ||||||||||||||||||||||||||||||||||||
common stock, 0.001 par value per share... | 77,000 | 76,000 | 77,000 | |||||||||||||||||||||||||||||||||
total liabilities, redeemable senior preferred stock and stockholders' deficit | 1,615,337,000 | 1,563,399,000 | 1,532,280,000 | 1,445,985,000 | 1,373,363,000 | 1,349,749,000 | 1,361,303,000 | 1,350,339,000 | 1,351,942,000 | 1,335,184,000 | 442,876,000 | |||||||||||||||||||||||||
total noncurrent liabilities | 635,326,000 | 601,684,000 | 604,136,000 | 606,651,000 | 617,757,000 | 614,080,000 | 622,454,000 | |||||||||||||||||||||||||||||
preferred stock, 0.001; 100,000,000 shares authorized; 0 issued or outstanding at september 30, 2023 and december 31, 2022 | ||||||||||||||||||||||||||||||||||||
preferred stock, 0.001; 100,000,000 shares authorized; none issued or outstanding at june 30, 2023 and december 31, 2022 | ||||||||||||||||||||||||||||||||||||
preferred stock, 0.001; 100,000,000 shares authorized; none issued or outstanding at march 31, 2023 and december 31, 2022 | ||||||||||||||||||||||||||||||||||||
non-controlling interest | 1,255,000 | 5,654,000 | 5,654,000 | 5,654,000 | 5,654,000 | |||||||||||||||||||||||||||||||
current portion of notes receivable | 986,000 | 781,000 | 652,000 | 1,435,000 | 1,789,000 | 1,266,000 | 1,326,000 | 1,362,000 | 1,115,000 | 1,438,000 | 979,000 | |||||||||||||||||||||||||
settlement assets and customer account balances | 516,687,000 | 504,132,000 | 498,616,000 | 479,471,000 | 480,315,000 | |||||||||||||||||||||||||||||||
settlement and customer account obligations | 517,008,000 | 506,691,000 | 503,731,000 | 500,291,000 | 489,326,000 | |||||||||||||||||||||||||||||||
preferred stock, 0.001; 100,000,000 shares authorized; none issued or outstanding at september 30, 2022 and december 31, 2021 | ||||||||||||||||||||||||||||||||||||
preferred stock, 0.001; 100,000,000 shares authorized; none issued or outstanding at june 30, 2022 and december 31, 2021 | ||||||||||||||||||||||||||||||||||||
preferred stock, 0.001; 100,000,000 shares authorized; none issued or outstanding at march 31, 2022 and december 31, 2021 | ||||||||||||||||||||||||||||||||||||
current portion of notes receivable, net of allowances of 0 and 467, respectively | 272,000 | |||||||||||||||||||||||||||||||||||
redeemable senior preferred stock: | ||||||||||||||||||||||||||||||||||||
current portion of notes receivable, net of allowances of 467 and 467, respectively | 152,000 | |||||||||||||||||||||||||||||||||||
other non-current assets | 2,752,000 | 10,890,000 | 1,949,000 | 1,957,000 | 522,000 | 518,000 | 509,000 | 380,000 | 1,540,000 | 1,719,000 | 1,288,000 | 1,295,000 | ||||||||||||||||||||||||
other non-current liabilities | 14,111,000 | 8,333,000 | 8,790,000 | 9,672,000 | 6,424,000 | 6,398,000 | 6,269,000 | 6,612,000 | 7,740,000 | 8,030,000 | 12,411,000 | 7,936,000 | ||||||||||||||||||||||||
total non-current liabilities | 634,068,000 | 367,545,000 | ||||||||||||||||||||||||||||||||||
redeemable senior preferred stock - 0.001 par value per share... | 205,318,000 | 133,762,000 | ||||||||||||||||||||||||||||||||||
preferred stock - 0.001 par value per share... | ||||||||||||||||||||||||||||||||||||
common stock - 0.001 par value per share... | 77,000 | 70,000 | 68,000 | 68,000 | 68,000 | |||||||||||||||||||||||||||||||
cash | 11,111,000 | 5,827,000 | 9,241,000 | 21,695,000 | 5,854,000 | 2,858,000 | 3,234,000 | 4,191,000 | 5,519,000 | 9,091,000 | 15,631,000 | |||||||||||||||||||||||||
current portion of notes receivable, net of allowance of 467 and 467 | 230,000 | 1,829,000 | ||||||||||||||||||||||||||||||||||
property, equipment, and software | 24,245,000 | 23,791,000 | 23,490,000 | 24,127,000 | 24,060,000 | 23,518,000 | 21,396,000 | 21,032,000 | 18,381,000 | 17,482,000 | ||||||||||||||||||||||||||
liabilities and stockholders' deficit | ||||||||||||||||||||||||||||||||||||
total long-term liabilities | 326,520,000 | 359,457,000 | 377,630,000 | 487,037,000 | 489,588,000 | 492,190,000 | 481,084,000 | 480,533,000 | 484,948,000 | 410,031,000 | ||||||||||||||||||||||||||
total liabilities and stockholders' deficit | 400,492,000 | 417,829,000 | 380,411,000 | 449,699,000 | 447,919,000 | 464,505,000 | 452,277,000 | 460,314,000 | 472,115,000 | |||||||||||||||||||||||||||
current portion of notes receivable, net of allowances of 467 and 0, respectively | 2,190,000 | |||||||||||||||||||||||||||||||||||
deferred income tax assets | 46,697,000 | 49,657,000 | 49,692,000 | |||||||||||||||||||||||||||||||||
preferred stock, par value 0.001 per share... | ||||||||||||||||||||||||||||||||||||
common stock | 68,000 | 68,000 | 68,000 | 67,000 | 67,000 | 67,000 | 45,870,695 | |||||||||||||||||||||||||||||
total deficit attributable to stockholders of priority technology holdings, inc. | -98,564,000 | |||||||||||||||||||||||||||||||||||
income taxes payable | 5,950,000 | |||||||||||||||||||||||||||||||||||
total priority technology holdings, inc. stockholders' deficit | -98,261,000 | -139,152,000 | -131,874,000 | -110,927,000 | -106,254,000 | -90,759,000 | ||||||||||||||||||||||||||||||
non-controlling interest in subsidiary | ||||||||||||||||||||||||||||||||||||
non-controlling interest in a subsidiary | 5,654,000 | 5,654,000 | ||||||||||||||||||||||||||||||||||
preferred stock | ||||||||||||||||||||||||||||||||||||
total deficit attributable to stockholders of prth | ||||||||||||||||||||||||||||||||||||
borrowings outstanding under revolving credit facility | 11,500,000 | 14,000,000 | 10,000,000 | |||||||||||||||||||||||||||||||||
common stock issued and outstanding | 67,000 | |||||||||||||||||||||||||||||||||||
liabilities and stockholders' equity | ||||||||||||||||||||||||||||||||||||
current portion of equity repurchase obligation | ||||||||||||||||||||||||||||||||||||
warrant liability | ||||||||||||||||||||||||||||||||||||
equity repurchase obligation | ||||||||||||||||||||||||||||||||||||
stockholders' equity | ||||||||||||||||||||||||||||||||||||
total stockholders' equity | -85,473,000 | 5,000,006 | 5,000,006 | 5,000,006 | ||||||||||||||||||||||||||||||||
total liabilities and stockholders' equity | 388,618,000 | 55,264,031 | 54,966,023 | 55,150,604 | ||||||||||||||||||||||||||||||||
cash and cash equivalents held in trust | 55,383,870 | 55,081,899 | 54,948,047 | 54,826,365 | 54,716,747 | 54,731,828 | 51,500,000 | |||||||||||||||||||||||||||||
liabilities and stockholders’ equity | ||||||||||||||||||||||||||||||||||||
offering costs payable | 11,616 | 11,616 | 11,616 | |||||||||||||||||||||||||||||||||
note payable | 27,500 | 27,500 | 27,500 | 27,500 | 27,500 | 27,500 | 27,500 | |||||||||||||||||||||||||||||
note payable – related parties | 132,753 | |||||||||||||||||||||||||||||||||||
deferred underwriting fee payable | 1,062,022 | 1,062,022 | 1,062,022 | 1,062,022 | 1,062,022 | 1,062,022 | 1,000,000 | |||||||||||||||||||||||||||||
commitments | ||||||||||||||||||||||||||||||||||||
common stock subject to possible conversion | 48,666,845 | 48,813,595 | 48,826,934 | 48,674,580 | 48,749,608 | 48,938,449 | ||||||||||||||||||||||||||||||
stockholders’ equity: | ||||||||||||||||||||||||||||||||||||
preferred stock, 0.001 par value... | ||||||||||||||||||||||||||||||||||||
additional paid in capital | 5,387,445 | 5,240,728 | 5,227,402 | 5,379,751 | 5,304,744 | 5,115,916 | 5,051,490 | |||||||||||||||||||||||||||||
total stockholders’ equity | 5,000,006 | 5,000,002 | 5,000,006 | |||||||||||||||||||||||||||||||||
total liabilities and stockholders’ equity | 55,464,473 | 55,462,751 | 55,068,787 | |||||||||||||||||||||||||||||||||
stockholders' equity: | ||||||||||||||||||||||||||||||||||||
accounts payable - related party | 60,000 | 30,000 | ||||||||||||||||||||||||||||||||||
accrued offering costs payable | 11,616 | 11,616 | 11,616 | 45,999 | ||||||||||||||||||||||||||||||||
current asset: cash and cash equivalents | 362,535 | 509,051 | ||||||||||||||||||||||||||||||||||
deferred offering costs | ||||||||||||||||||||||||||||||||||||
note payable - related parties | ||||||||||||||||||||||||||||||||||||
accrued interest receivable held in trust account | 3,145 | |||||||||||||||||||||||||||||||||||
liabilities and stockholder's equity | ||||||||||||||||||||||||||||||||||||
advances from related party | 971 | |||||||||||||||||||||||||||||||||||
stockholder's equity: | ||||||||||||||||||||||||||||||||||||
total stockholder's equity | 5,000,004 | |||||||||||||||||||||||||||||||||||
total liabilities and stockholder's equity | 52,012,196 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-03-31 | 2017-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities: | ||||||||||||||||||||||||||||||
net income | 9,760,000 | 10,879,000 | 8,268,000 | 7,220,000 | 10,608,000 | 994,000 | 5,193,000 | 14,094,000 | -954,000 | -3,674,000 | -146,750 | -13,335 | ||||||||||||||||||
adjustments to reconcile net income to net cash from operating activities: | ||||||||||||||||||||||||||||||
depreciation and amortization of assets | 17,615,000 | 14,093,000 | 13,777,000 | 13,811,000 | 13,733,000 | 15,244,000 | 15,253,000 | 15,092,000 | 17,275,000 | 17,980,000 | 18,048,000 | 18,006,000 | 17,817,000 | 17,505,000 | 17,353,000 | 17,574,000 | 12,330,000 | 10,723,000 | 9,070,000 | 9,889,000 | 10,251,000 | 10,363,000 | 10,272,000 | 10,329,000 | 10,077,000 | |||||
stock-based compensation, espp, and incentive units compensation | 2,088,000 | |||||||||||||||||||||||||||||
amortization of debt issuance costs and discounts | 467,000 | 448,000 | 434,000 | 486,000 | 426,000 | 759,000 | 1,065,000 | 1,037,000 | 986,000 | 923,000 | 903,000 | 908,000 | 894,000 | 871,000 | 848,000 | 698,000 | 449,000 | 568,000 | 590,000 | 598,000 | 682,000 | 656,000 | 460,000 | 431,000 | 414,000 | 405,000 | ||||
debt extinguishment and modification costs | 0 | 38,000 | 1,703,000 | 43,000 | ||||||||||||||||||||||||||
deferred income tax | -752,000 | -82,000 | -2,236,000 | 79,000 | -1,151,000 | -1,872,000 | -3,654,000 | 7,187,000 | -3,903,000 | -5,716,000 | ||||||||||||||||||||
change in contingent consideration | 428,000 | 1,006,000 | 1,067,000 | 1,241,000 | 972,000 | -2,545,000 | 560,000 | 117,000 | 229,000 | |||||||||||||||||||||
other non-cash items | -204,000 | -208,000 | -20,000 | -110,000 | 892,000 | -670,000 | -259,000 | -3,755,000 | 292,000 | -475,000 | 14,000 | 228,000 | 501,000 | 0 | 25,000 | -64,000 | 22,000 | 5,000 | -2,000 | 208,000 | ||||||||||
change in operating assets and liabilities: | ||||||||||||||||||||||||||||||
accounts receivable | 2,753,000 | -5,730,000 | -12,182,000 | 6,325,000 | -8,567,000 | 1,194,000 | -8,339,000 | 6,540,000 | -135,000 | 17,985,000 | 81,000 | -8,315,000 | 750,000 | 2,425,000 | -14,440,000 | -5,847,000 | -1,732,000 | 460,000 | -9,575,000 | -1,198,000 | -4,936,000 | 343,000 | 631,000 | 104,000 | 2,073,000 | -1,661,000 | -2,252,000 | -5,366,000 | ||
prepaid expenses and other current assets | -2,991,000 | -2,239,000 | -73,000 | -3,254,000 | -1,660,000 | -723,000 | -425,000 | 1,694,000 | 930,000 | -4,041,000 | 481,000 | 2,415,000 | 1,870,000 | -4,609,000 | 164,000 | 350,000 | -321,000 | -1,043,000 | -583,000 | 361,000 | -1,147,000 | 461,000 | 390,000 | -420,000 | -616,000 | 558,000 | -752,000 | -241,000 | ||
income taxes | 4,188,000 | |||||||||||||||||||||||||||||
accounts payable and accrued expenses | -11,743,000 | 214,439 | -125,385 | |||||||||||||||||||||||||||
accrued residual commissions | 3,095,000 | |||||||||||||||||||||||||||||
customer deposits and advance payments | 756,000 | 927,000 | 260,000 | -1,959,000 | 636,000 | -522,000 | 157,000 | -2,700,000 | 3,167,000 | 385,000 | 250,000 | -493,000 | 2,047,000 | -3,944,000 | -13,000 | 1,425,000 | -672,000 | -1,219,000 | 2,604,000 | -566,000 | 567,000 | -399,000 | -1,647,000 | 1,396,000 | -93,000 | |||||
other assets | -15,000 | |||||||||||||||||||||||||||||
other liabilities | -1,606,000 | |||||||||||||||||||||||||||||
net cash from operating activities | 23,839,000 | 17,124,000 | 9,956,000 | 23,757,000 | 19,845,000 | 28,700,000 | 13,307,000 | 8,576,000 | 25,823,000 | 19,180,000 | 27,677,000 | 19,960,000 | 20,224,000 | 20,721,000 | 9,613,000 | 11,944,000 | 42,557,000 | -31,698,000 | -13,426,000 | 43,936,000 | -6,686,000 | 17,076,000 | -7,254,000 | 28,747,000 | 6,897,000 | 4,960,000 | -1,240,000 | 6,512,000 | -138,342 | -307,186 |
capital expenditures | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
free cash flows | 23,839,000 | 17,124,000 | 9,956,000 | 23,757,000 | 19,845,000 | 28,700,000 | 13,307,000 | 8,576,000 | 25,823,000 | 19,180,000 | 27,677,000 | 19,960,000 | 20,224,000 | 20,721,000 | 9,613,000 | 11,944,000 | 42,557,000 | -31,698,000 | -13,426,000 | 43,936,000 | -6,686,000 | 17,076,000 | -7,254,000 | 28,747,000 | 6,897,000 | 4,960,000 | -1,240,000 | 6,512,000 | -138,342 | -307,186 |
cash flows from investing activities: | ||||||||||||||||||||||||||||||
acquisition of business, net of cash acquired | 21,000 | -4,473,000 | -40,000 | |||||||||||||||||||||||||||
additions to property, equipment and software | -5,523,000 | -7,893,000 | -5,095,000 | -4,649,000 | -5,326,000 | -5,108,000 | -6,610,000 | -5,988,000 | -5,399,000 | -4,823,000 | -5,046,000 | -7,502,000 | -5,369,000 | -3,641,000 | -2,370,000 | -2,189,000 | -1,450,000 | -1,762,000 | -1,968,000 | -2,281,000 | -3,310,000 | -2,970,000 | -2,382,000 | |||||||
notes receivable | -8,059,000 | -299,000 | -318,000 | -266,000 | -244,000 | -279,000 | -226,000 | -163,000 | -192,000 | 272,000 | 199,000 | 98,000 | 523,000 | -388,000 | -664,000 | 862,000 | -1,832,000 | 490,000 | 39,000 | -927,000 | -14,000 | -226,000 | 174,000 | -324,000 | 1,201,000 | |||||
short-term investments | 25,000,000 | |||||||||||||||||||||||||||||
net cash from investing activities | 11,418,000 | -11,430,000 | -9,715,000 | -10,812,000 | -4,136,000 | -12,929,000 | -7,669,000 | -4,524,000 | -38,142,000 | -5,499,000 | -7,583,000 | -15,408,000 | -8,360,000 | -7,024,000 | -5,711,000 | 11,845,000 | -379,796,000 | -77,391,000 | -5,691,000 | -2,594,000 | 176,525,000 | -4,306,000 | -3,229,000 | -4,124,000 | -3,847,000 | -7,598,000 | -82,178,000 | -66,583,000 | -127,493 | 0 |
cash flows from financing activities: | ||||||||||||||||||||||||||||||
proceeds from issuance of long-term debt | 6,800,000 | |||||||||||||||||||||||||||||
debt issuance and modification costs paid | 0 | -40,000 | -779,000 | 654,000 | -413,000 | -1,476,000 | ||||||||||||||||||||||||
repayments of long-term debt | -191,000 | 0 | -10,000,000 | -2,375,000 | -2,088,000 | -652,694,000 | -1,678,000 | -1,678,000 | -1,125,000 | -1,975,000 | -1,550,000 | -1,550,000 | -1,550,000 | -1,550,000 | -1,550,000 | -1,550,000 | 24,677,000 | |||||||||||||
shares withheld for taxes | -884,000 | |||||||||||||||||||||||||||||
proceeds from exercise of stock options | 224,000 | 110,000 | 6,000 | 369,000 | 204,000 | 617,000 | ||||||||||||||||||||||||
settlement obligations | 64,981,000 | 2,249,000 | ||||||||||||||||||||||||||||
payment of deferred/contingent consideration | -80,000 | |||||||||||||||||||||||||||||
net cash from financing activities | 70,626,000 | 130,831,000 | 47,260,000 | 62,862,000 | 66,567,000 | 28,428,000 | -10,279,000 | 53,076,000 | 12,891,000 | 86,601,000 | 57,537,000 | 16,601,000 | -8,661,000 | -1,976,000 | 2,538,000 | 619,000 | 801,581,000 | 73,672,000 | -4,243,000 | -12,052,000 | -162,009,000 | -1,501,000 | -251,000 | -3,419,000 | 610,000 | 78,827,000 | 132,753 | |||
net change in cash and cash equivalents and restricted cash: | ||||||||||||||||||||||||||||||
net increase in cash and cash equivalents, and restricted cash | 105,883,000 | 136,525,000 | 47,501,000 | 75,807,000 | 82,276,000 | 44,199,000 | -4,641,000 | 57,128,000 | 572,000 | 100,282,000 | 77,631,000 | 21,153,000 | 3,203,000 | 11,721,000 | 6,440,000 | 24,408,000 | ||||||||||||||
cash and cash equivalents and restricted cash at beginning of period | 1,345,998,000 | 0 | 993,864,000 | 0 | 0 | 796,223,000 | 0 | |||||||||||||||||||||||
cash and cash equivalents and restricted cash at end of period | 1,451,881,000 | 136,525,000 | 1,041,365,000 | 82,276,000 | 44,199,000 | 791,582,000 | 57,128,000 | |||||||||||||||||||||||
reconciliation of cash and cash equivalents, and restricted cash: | ||||||||||||||||||||||||||||||
cash and cash equivalents | 92,152,000 | 5,747,000 | -9,455,000 | |||||||||||||||||||||||||||
deferred income tax benefit | -514,000 | 174,000 | -3,227,000 | -1,785,000 | -1,661,000 | -1,870,000 | -1,699,000 | |||||||||||||||||||||||
change in deferred consideration liability | ||||||||||||||||||||||||||||||
bargain purchase gain | ||||||||||||||||||||||||||||||
income taxes receivable | ||||||||||||||||||||||||||||||
accrued residuals commissions | ||||||||||||||||||||||||||||||
acquisitions of businesses, net of cash acquired | 0 | |||||||||||||||||||||||||||||
acquisition of assets | ||||||||||||||||||||||||||||||
other investing activities | 500,000 | |||||||||||||||||||||||||||||
proceeds from issuance of long-term debt, net of issue discount | 114,926,000 | 0 | 0 | 313,699,000 | 0 | 0 | 0 | 69,650,000 | ||||||||||||||||||||||
borrowings under revolving credit facility | 0 | 39,000,000 | 6,500,000 | 11,000,000 | 0 | 0 | 0 | 3,500,000 | 3,500,000 | 0 | 4,000,000 | 10,000,000 | ||||||||||||||||||
repayments of borrowings under revolving credit facility | -33,000,000 | -11,500,000 | -6,000,000 | -6,000,000 | 0 | -19,500,000 | -7,500,000 | -5,000,000 | ||||||||||||||||||||||
redemption of senior preferred stock | -88,064,000 | 0 | ||||||||||||||||||||||||||||
redemption of accumulated dividend on redeemable preferred stock | ||||||||||||||||||||||||||||||
redemption of redeemable non-controlling interest in subsidiary | ||||||||||||||||||||||||||||||
dividends paid to redeemable senior preferred stockholders | -1,547,000 | -6,810,000 | 0 | -6,473,000 | -11,435,000 | 19,000 | -4,402,000 | -3,571,000 | -3,505,000 | -3,445,000 | -2,440,000 | |||||||||||||||||||
proceeds from the exercise of stock options | ||||||||||||||||||||||||||||||
payment of contingent/deferred consideration | ||||||||||||||||||||||||||||||
net change in cash and cash equivalents, and restricted cash: | ||||||||||||||||||||||||||||||
cash and cash equivalents, and restricted cash at beginning of period | 0 | 560,610,000 | 0 | 0 | 0 | 518,093,000 | 0 | |||||||||||||||||||||||
cash and cash equivalents, and restricted cash equivalents at end of period | 100,282,000 | 638,241,000 | 21,153,000 | 3,203,000 | 11,721,000 | 524,533,000 | ||||||||||||||||||||||||
restricted cash | -1,042,000 | -93,000 | ||||||||||||||||||||||||||||
cash and cash equivalents included in settlement assets | ||||||||||||||||||||||||||||||
total cash and cash equivalents, and restricted cash | 21,153,000 | 3,203,000 | ||||||||||||||||||||||||||||
supplemental cash flow information: | ||||||||||||||||||||||||||||||
cash paid for interest | 13,884,000 | 11,661,000 | 10,749,000 | 10,613,000 | 7,126,000 | |||||||||||||||||||||||||
cash paid for income taxes, net of refunds | ||||||||||||||||||||||||||||||
non-cash investing and financing activities: | ||||||||||||||||||||||||||||||
addition of contingent/deferred consideration liabilities | ||||||||||||||||||||||||||||||
deferred consideration accrual | ||||||||||||||||||||||||||||||
net non-cash change in lease liability | ||||||||||||||||||||||||||||||
measurement period adjustment to purchase price | ||||||||||||||||||||||||||||||
acquisition of intangible asset | ||||||||||||||||||||||||||||||
cash portion of dividend payable and ticking fee for redeemable senior preferred stock | ||||||||||||||||||||||||||||||
issuance of nci | ||||||||||||||||||||||||||||||
issuance of common stock in asset acquisition | ||||||||||||||||||||||||||||||
liability incurred in asset acquisition | ||||||||||||||||||||||||||||||
adjustment to value of profit interest unit | ||||||||||||||||||||||||||||||
stock-based, espp and incentive units compensation | 3,206,000 | 1,586,000 | 1,416,000 | 1,829,000 | 1,633,000 | |||||||||||||||||||||||||
change in deferred consideration | ||||||||||||||||||||||||||||||
income taxes (receivable) payable | -4,768,000 | 4,429,000 | -633,000 | 2,037,000 | -771,000 | 0 | -8,168,000 | 8,666,000 | 5,257,000 | 1,307,000 | -3,566,000 | |||||||||||||||||||
other noncurrent assets and liabilities | ||||||||||||||||||||||||||||||
acquisitions of assets and other investing activities | 0 | 1,279,000 | -5,210,000 | 0 | -2,715,000 | |||||||||||||||||||||||||
redemption of phot redeemable nci | 0 | |||||||||||||||||||||||||||||
repurchases of shares withheld for taxes | -844,000 | -1,470,000 | -604,000 | |||||||||||||||||||||||||||
redemption of accumulated unpaid dividend on redeemable senior preferred stock | 0 | |||||||||||||||||||||||||||||
payment of deferred/contingent consideration related to business combination | ||||||||||||||||||||||||||||||
accounts payable and other accrued liabilities | -5,796,000 | -3,302,000 | -427,000 | 11,701,000 | 1,590,000 | -3,520,000 | -1,004,000 | -2,610,000 | 3,916,000 | 6,083,000 | -1,081,000 | 9,476,000 | 5,316,000 | -2,174,000 | -1,298,000 | 1,857,000 | 8,633,000 | 1,056,000 | 2,132,000 | 1,696,000 | -3,541,000 | -1,182,000 | -1,275,000 | -3,634,000 | ||||||
other assets and liabilities | 465,000 | 1,038,000 | -139,000 | -4,464,000 | -1,395,000 | -78,000 | -4,570,000 | 79,000 | -462,000 | -2,092,000 | -3,296,000 | 12,000 | -624,000 | -2,456,000 | -294,000 | 248,000 | 59,000 | 1,810,000 | 40,000 | 128,000 | -680,000 | -157,000 | 15,000 | -264,000 | -28,000 | 1,346,000 | ||||
settlement and customer/subscriber accounts obligations | 59,060,000 | 63,549,000 | 75,151,000 | 38,996,000 | 1,918,000 | 45,467,000 | -9,938,000 | 96,290,000 | 79,258,000 | |||||||||||||||||||||
payment of contingent consideration related to business combination | -400,000 | -840,000 | -1,085,000 | -3,071,000 | -2,000 | -2,739,000 | 0 | -1,959,000 | ||||||||||||||||||||||
change in contingent consideration liability | ||||||||||||||||||||||||||||||
acquisition of assets and other investing activities | ||||||||||||||||||||||||||||||
repurchases of common stock and shares withheld for taxes | -421,000 | -238,000 | 0 | -2,794,000 | -2,595,000 | |||||||||||||||||||||||||
payment of contingent consideration related to a business combination | ||||||||||||||||||||||||||||||
dividends paid to redeemable senior preferred stockholders1 | -9,366,000 | -7,027,000 | ||||||||||||||||||||||||||||
gain and transaction costs recognized on sale of business and investment | ||||||||||||||||||||||||||||||
write-off of deferred loan costs and discount | 0 | |||||||||||||||||||||||||||||
pik interest | ||||||||||||||||||||||||||||||
proceeds from sale of business and investment | ||||||||||||||||||||||||||||||
proceeds from the issuance of redeemable senior preferred stock, net of discount | ||||||||||||||||||||||||||||||
redeemable senior preferred stock issuance fees and costs | ||||||||||||||||||||||||||||||
profit distributions to redeemable ncis of subsidiaries | ||||||||||||||||||||||||||||||
cash and cash equivalents included in settlement assets and customer/subscriber account balances | ||||||||||||||||||||||||||||||
contingent consideration accrual | ||||||||||||||||||||||||||||||
notes receivable from sellers used as partial consideration for acquisitions | ||||||||||||||||||||||||||||||
forfeiture of liability-classified award | ||||||||||||||||||||||||||||||
change in espp liability | ||||||||||||||||||||||||||||||
non-cash additions to other noncurrent assets for right-of-use operating leases | 1,556,000 | 99,000 | ||||||||||||||||||||||||||||
net loss | -87,000 | -612,000 | -506,000 | -792,000 | 287,000 | -333,000 | -9,477,000 | -2,679,000 | -7,858,000 | -5,869,000 | -5,844,000 | -14,130,000 | -6,446,000 | |||||||||||||||||
adjustments to reconcile net loss to net cash from operating activities: | ||||||||||||||||||||||||||||||
stock-based compensation | 1,501,000 | 1,746,000 | 1,936,000 | 2,024,000 | 1,104,000 | 1,542,000 | 1,558,000 | 864,000 | 338,000 | |||||||||||||||||||||
shares withheld for taxes on vested stock-based compensation | -777,000 | |||||||||||||||||||||||||||||
impairment charges for intangible asset | ||||||||||||||||||||||||||||||
notes receivable loan funding | -1,412,000 | -500,000 | -350,000 | -2,400,000 | ||||||||||||||||||||||||||
redemption of redeemable nci in subsidiary | ||||||||||||||||||||||||||||||
payment of contingent consideration | ||||||||||||||||||||||||||||||
pik added to principal of debt obligation | ||||||||||||||||||||||||||||||
payment of accrued contingent consideration for asset acquisition from offset of account receivable | ||||||||||||||||||||||||||||||
accruals for future contingent payments | 1,254,000 | 684,000 | ||||||||||||||||||||||||||||
pik interest paid | ||||||||||||||||||||||||||||||
acquisitions of intangible assets | -2,991,000 | -2,783,000 | -941,000 | -1,244,000 | -4,866,000 | -40,416,000 | -2,937,000 | -1,144,000 | -1,129,000 | -2,338,000 | -948,000 | |||||||||||||||||||
settlement and customer accounts obligations | 10,515,000 | 2,431,000 | 12,749,000 | 21,289,000 | ||||||||||||||||||||||||||
contingent consideration for business combinations and asset acquisitions | -2,129,000 | |||||||||||||||||||||||||||||
other financing activities | -156,000 | |||||||||||||||||||||||||||||
treasury stock purchases settled after the balance sheet date | ||||||||||||||||||||||||||||||
cash and cash equivalents included in settlement assets and customer account balances | ||||||||||||||||||||||||||||||
pik interest added to principal of debt obligations | ||||||||||||||||||||||||||||||
customer account balances | ||||||||||||||||||||||||||||||
income taxes payable | 2,913,000 | |||||||||||||||||||||||||||||
deferred income tax provision | -2,399,000 | |||||||||||||||||||||||||||||
change in fair value of contingent consideration | ||||||||||||||||||||||||||||||
payment-in-kind interest | 0 | -26,227,000 | 588,000 | 1,924,000 | 1,930,000 | 3,228,000 | 2,024,000 | 1,391,000 | 1,319,000 | 1,328,000 | 1,269,000 | 1,210,000 | ||||||||||||||||||
change in operating assets and liabilities | ||||||||||||||||||||||||||||||
debt issuance and modification costs (paid) refunded | ||||||||||||||||||||||||||||||
profit distributions to redeemable non-controlling interests of subsidiaries | -1,000 | |||||||||||||||||||||||||||||
payment-in-kind interest added to principal of debt obligations | ||||||||||||||||||||||||||||||
accruals for asset acquisition contingent consideration | ||||||||||||||||||||||||||||||
purchases of property, equipment and software through accounts payable | ||||||||||||||||||||||||||||||
intangible assets acquired by issuing non-controlling interest in subsidiary | ||||||||||||||||||||||||||||||
gain and transaction costs recognized on sale of business | ||||||||||||||||||||||||||||||
impairment charge for intangible asset | ||||||||||||||||||||||||||||||
proceeds from sale of business | ||||||||||||||||||||||||||||||
repayments under revolving credit facility | -3,505,000 | |||||||||||||||||||||||||||||
proceeds from issuance of senior preferred equity, net of issue discount | 74,062,000 | |||||||||||||||||||||||||||||
senior preferred equity issuance fees and costs | -2,626,000 | |||||||||||||||||||||||||||||
redemption of redeemable non-controlling interest of subsidiary | ||||||||||||||||||||||||||||||
repurchases of common stock | 0 | 0 | ||||||||||||||||||||||||||||
cash and cash equivalents, and restricted cash at end of period | ||||||||||||||||||||||||||||||
equity-classified and liability-classified stock-based compensation | 856,000 | 558,000 | ||||||||||||||||||||||||||||
write off of deferred loan costs and discount | ||||||||||||||||||||||||||||||
change in allowance for deferred tax assets | 3,203,000 | -638,000 | 802,000 | -6,389,000 | 2,176,000 | 466,000 | ||||||||||||||||||||||||
settlement assets and obligations | -39,044,000 | -22,526,000 | 42,165,000 | -8,879,000 | 8,631,000 | -7,047,000 | 20,588,000 | 1,512,000 | ||||||||||||||||||||||
acquisition of business | ||||||||||||||||||||||||||||||
additions to property, equipment, and software | -2,468,000 | -2,754,000 | ||||||||||||||||||||||||||||
redemptions of non-controlling interests of subsidiary | ||||||||||||||||||||||||||||||
net change in cash and restricted cash: | ||||||||||||||||||||||||||||||
net increase in cash and restricted cash | 29,290,000 | 7,830,000 | ||||||||||||||||||||||||||||
cash and restricted cash at beginning of period | 0 | 88,120,000 | 0 | |||||||||||||||||||||||||||
cash and restricted cash at end of period | -35,417,000 | 64,760,000 | 7,830,000 | |||||||||||||||||||||||||||
repayment of long-term debt | -4,860,000 | -107,502,000 | -1,001,000 | -1,002,000 | -1,002,000 | -1,002,000 | -823,000 | |||||||||||||||||||||||
debt modification costs paid | ||||||||||||||||||||||||||||||
net decrease in cash and restricted cash | -23,360,000 | -10,734,000 | -369,000 | -2,028,000 | -4,591,000 | |||||||||||||||||||||||||
gain recognized on sale of business | 0 | |||||||||||||||||||||||||||||
transaction costs for sale of business | ||||||||||||||||||||||||||||||
equity-classified and liability-classified share-based compensation | ||||||||||||||||||||||||||||||
equity in losses and impairment of unconsolidated entities | 6,000 | |||||||||||||||||||||||||||||
deferred income tax expense | -4,537,000 | |||||||||||||||||||||||||||||
change in fair value of warrant liability | 0 | |||||||||||||||||||||||||||||
sale of business | 0 | |||||||||||||||||||||||||||||
acquisitions of businesses | ||||||||||||||||||||||||||||||
other investing activity | ||||||||||||||||||||||||||||||
consolidated statements of cash flows, continued | ||||||||||||||||||||||||||||||
for the years ended december 31, 2020, 2019, and 2018 | ||||||||||||||||||||||||||||||
profit distributions to non-controlling interests of subsidiaries | ||||||||||||||||||||||||||||||
redemption of non-controlling interest in subsidiary | ||||||||||||||||||||||||||||||
borrowings under revolving line of credit | ||||||||||||||||||||||||||||||
repayments of borrowings under revolving line of credit | ||||||||||||||||||||||||||||||
distributions from equity | ||||||||||||||||||||||||||||||
redemptions of equity interests | ||||||||||||||||||||||||||||||
recapitalization proceeds | 0 | |||||||||||||||||||||||||||||
redemption of warrants | 0 | |||||||||||||||||||||||||||||
recapitalization costs | -349,000 | |||||||||||||||||||||||||||||
cash and restricted cash at beginning of year | 50,465,000 | 0 | 0 | 0 | 33,831,000 | |||||||||||||||||||||||||
cash and restricted cash at end of year | ||||||||||||||||||||||||||||||
reconciliation of cash and restricted cash: | ||||||||||||||||||||||||||||||
cash | ||||||||||||||||||||||||||||||
total cash and restricted cash | ||||||||||||||||||||||||||||||
recognition of initial net deferred income tax asset | ||||||||||||||||||||||||||||||
payment of accrued contingent consideration for asset acquisition from offset of accounts receivable from same entity | ||||||||||||||||||||||||||||||
intangible assets acquired by issuing non-controlling interest in a subsidiary | 5,654,000 | |||||||||||||||||||||||||||||
notes receivable from sellers used as partial consideration for business acquisitions | ||||||||||||||||||||||||||||||
common stock issued as partial consideration in business acquisitions in consumer payments segment | ||||||||||||||||||||||||||||||
cash consideration payable for business acquisition | ||||||||||||||||||||||||||||||
transaction costs upon sale of business | ||||||||||||||||||||||||||||||
equity-classified and liability-classified stock compensation | 601,000 | |||||||||||||||||||||||||||||
change in operating assets and liabilities, excluding business sale: | ||||||||||||||||||||||||||||||
note receivable loan funding | 0 | |||||||||||||||||||||||||||||
debt modification costs (paid) refunded | ||||||||||||||||||||||||||||||
adjustment to reconcile net loss to net cash from operating activities: | ||||||||||||||||||||||||||||||
debt modification costs | 0 | -2,749,000 | ||||||||||||||||||||||||||||
cash and restricted cash at march 31 | 39,731,000 | 29,240,000 | ||||||||||||||||||||||||||||
equity-based compensation | 298,000 | 1,171,000 | 1,023,000 | 1,160,000 | 586,000 | |||||||||||||||||||||||||
amortization of debt issuance costs and discount | ||||||||||||||||||||||||||||||
provision for deferred income taxes | -1,215,000 | |||||||||||||||||||||||||||||
provision (reduction) for allowance for deferred income tax assets | ||||||||||||||||||||||||||||||
loss on debt extinguishment | ||||||||||||||||||||||||||||||
accounts payable and other current liabilities | ||||||||||||||||||||||||||||||
debt issuance costs refunded | 0 | |||||||||||||||||||||||||||||
net from financing activities | ||||||||||||||||||||||||||||||
net change in cash and restricted cash | ||||||||||||||||||||||||||||||
purchases of property, equipment, and software through accounts payable | ||||||||||||||||||||||||||||||
accrual for asset acquisition contingent consideration | ||||||||||||||||||||||||||||||
common share repurchase obligation | ||||||||||||||||||||||||||||||
equity in loss and impairment of unconsolidated entities | 5,000 | |||||||||||||||||||||||||||||
provision for deferred income tax | -9,598,000 | |||||||||||||||||||||||||||||
provisions for allowance for deferred tax assets | ||||||||||||||||||||||||||||||
other non-cash | 0 | 0 | -174,000 | |||||||||||||||||||||||||||
change in operating assets and liabilities, net of business combinations: | ||||||||||||||||||||||||||||||
payments for business acquisitions | 0 | |||||||||||||||||||||||||||||
acquisitions of merchant portfolios and assets | -537,000 | -1,628,000 | -79,612,000 | |||||||||||||||||||||||||||
distributions to members prior to july 25, 2018 recapitalization | ||||||||||||||||||||||||||||||
redemptions of membership interests prior to july 25, 2018 recapitalization | ||||||||||||||||||||||||||||||
founders shares redemptions | ||||||||||||||||||||||||||||||
cash and restricted cash at september 30 | ||||||||||||||||||||||||||||||
change in operating assets and liabilities, net of business combination: | ||||||||||||||||||||||||||||||
debt issuance costs | -103,000 | |||||||||||||||||||||||||||||
cash and restricted cash at june 30 | ||||||||||||||||||||||||||||||
depreciation and amortization | 8,925,000 | |||||||||||||||||||||||||||||
provision for deferred tax benefit | -1,621,000 | |||||||||||||||||||||||||||||
settlement assets | 36,000 | 1,732,000 | ||||||||||||||||||||||||||||
payment for prior year business acquisition | -184,000 | |||||||||||||||||||||||||||||
other non-cash charges | ||||||||||||||||||||||||||||||
acquisitions of merchant portfolios | -64,427,000 | |||||||||||||||||||||||||||||
adjustment to reconcile net income to net cash from operating activities: | ||||||||||||||||||||||||||||||
amortization of debt issuance costs | ||||||||||||||||||||||||||||||
amortization of debt discount | ||||||||||||||||||||||||||||||
payment in kind interest | ||||||||||||||||||||||||||||||
change in operating assets and liabilities, net of business acquisitions: | ||||||||||||||||||||||||||||||
accounts payable, accrued expenses and accrued residual commissions | ||||||||||||||||||||||||||||||
customer deposits | ||||||||||||||||||||||||||||||
acquisition of businesses | ||||||||||||||||||||||||||||||
additions to property and equipment | ||||||||||||||||||||||||||||||
proceeds from issuance of long term debt | ||||||||||||||||||||||||||||||
repayment of long term debt | ||||||||||||||||||||||||||||||
distributions to members | ||||||||||||||||||||||||||||||
redemption of membership interest | ||||||||||||||||||||||||||||||
change in cash and restricted cash: | ||||||||||||||||||||||||||||||
cash and restricted cash at the beginning of year | ||||||||||||||||||||||||||||||
purchase of property and equipment through accounts payable | ||||||||||||||||||||||||||||||
recapitalization costs remaining in accounts payable | ||||||||||||||||||||||||||||||
common stock issued as partial consideration in business acquisitions | ||||||||||||||||||||||||||||||
common unit repurchase obligation | ||||||||||||||||||||||||||||||
interest earned on cash and securities held in trust account | -174,478 | -133,852 | ||||||||||||||||||||||||||||
changes in operating assets and liabilities: | ||||||||||||||||||||||||||||||
prepaid expenses | -31,553 | 25,386 | ||||||||||||||||||||||||||||
cash deposited into trust account | -132,753 | 0 | ||||||||||||||||||||||||||||
interest released from trust account | 5,260 | 0 | ||||||||||||||||||||||||||||
proceeds from related party note | 132,753 | |||||||||||||||||||||||||||||
net change in cash and cash equivalents | -133,082 | -307,186 | ||||||||||||||||||||||||||||
cash and cash equivalents at beginning of period | 172,196 | 0 | ||||||||||||||||||||||||||||
cash and cash equivalents at end of period | 39,114 | -307,186 | ||||||||||||||||||||||||||||
supplemental disclosure of non-cash financing activities: | ||||||||||||||||||||||||||||||
change in common stock subject to possible conversion | 146,750 | |||||||||||||||||||||||||||||
gain on extinguishment of debt | ||||||||||||||||||||||||||||||
formation and organization costs paid by related parties | ||||||||||||||||||||||||||||||
accrued offering costs payable | ||||||||||||||||||||||||||||||
proceeds from public offering, net of offering costs | ||||||||||||||||||||||||||||||
proceeds from insider units | ||||||||||||||||||||||||||||||
payments of related party notes | ||||||||||||||||||||||||||||||
proceeds from related party advances | ||||||||||||||||||||||||||||||
payments of related party advances | ||||||||||||||||||||||||||||||
payments of offering costs | ||||||||||||||||||||||||||||||
payment of deferred offering costs by issuance of notes and related party notes | ||||||||||||||||||||||||||||||
reclassification of deferred offering costs to equity | ||||||||||||||||||||||||||||||
accrual of offering costs | ||||||||||||||||||||||||||||||
deferred underwriting commission | ||||||||||||||||||||||||||||||
accrued interest income | ||||||||||||||||||||||||||||||
accounts payable - related party | ||||||||||||||||||||||||||||||
common stock subject to possible conversion | ||||||||||||||||||||||||||||||
proceeds from sale of private units | ||||||||||||||||||||||||||||||
proceeds from issuance of common stock | ||||||||||||||||||||||||||||||
payment of deferred offering costs by issuance of common stock |
