Priority Technology (US:PRTH)2026-03-10 12:10Revenue Growth - Revenue for Q4 2025 was $247.1 million, an increase of 8.8% from $227.1 million in Q4 2024, with 6.8% organic growth[3] - Full year 2025 revenue reached $953.0 million, an 8.3% increase from $879.7 million in 2024, with 7.7% organic growth[3] - Revenues for Q4 2025 reached $247.1 million, a 8.9% increase from $227.1 million in Q4 2024[28] - Merchant Solutions revenue for 2025 was $642,069,000, up from $613,547,000 in 2024, reflecting a growth of 4.6%[36] Profitability Metrics - Adjusted gross profit for Q4 2025 was $100.2 million, up 19.4% from $83.9 million in Q4 2024, resulting in an adjusted gross profit margin of 40.6%, an increase of 360 basis points[3] - Adjusted EBITDA for Q4 2025 was $60.1 million, a 16.2% increase from $51.7 million in Q4 2024[3] - Adjusted EPS for Q4 2025 was $0.27, a 50.0% increase from $0.18 in Q4 2024[3] - Adjusted EBITDA for 2026 is projected to be between $230 million and $245 million[9] - Adjusted gross profit for 2026 is expected to range between $405 million and $425 million[9] Net Income and Loss - Net income for the year 2025 was $55.7 million, significantly up from a net loss of $24.0 million in 2024[28] - Net income for 2025 increased to $55,681,000 from $24,015,000 in 2024, representing a growth of 132.5%[36] - Net income for the year ended December 31, 2024, was $24,015 million, reflecting a recovery from a loss in the prior period[40] Cash and Assets - Cash and cash equivalents increased to $77.2 million in 2025 from $58.6 million in 2024, representing a growth of 31.5%[30] - Total assets grew to $2.4 billion in 2025, up from $1.8 billion in 2024, marking a 31.3% increase[30] - Cash and cash equivalents at the end of 2025 reached $1,345,998,000, up from $993,864,000 in 2024, marking a 35.4% increase[34] Expenses and Liabilities - Total operating expenses for Q4 2025 were $213.6 million, compared to $192.9 million in Q4 2024, reflecting an increase of 10.7%[28] - Total liabilities rose to $2.5 billion in 2025, up from $2.0 billion in 2024, reflecting a 25.1% increase[30] - Interest expense for the year totaled $88,948 million, indicating a substantial financial cost impacting overall profitability[40] - Selling, general and administrative expenses (non-recurring) for the year were $3,510 million, indicating cost management strategies[40] Future Outlook - Full year 2026 revenue is forecasted to grow by 6% to 9%, resulting in a revenue range of $1.01 billion to $1.04 billion[9] - The company anticipates continued growth opportunities in the market, with a focus on enhancing its payment and banking solutions[24] Acquisitions and Investments - The company acquired the assets of Dealer Merchant Services in October 2025, enhancing its offerings in the automotive dealership sector[3] - Net cash used in investing activities significantly increased to $174,041,000 in 2025 from $35,546,000 in 2024[32] - Proceeds from the issuance of long-term debt in 2025 amounted to $1,066,607,000, compared to $945,126,000 in 2024, an increase of 12.8%[32] Performance Metrics - The company reported over 18% revenue growth for Treasury Solutions and 13% growth for Payables in Q4 2025[4] - Total card processing dollar value for 2025 was $72,373,800,000, compared to $71,566,091,000 in 2024, indicating a growth of 1.1%[36] - Total card transaction count for 2025 was 888,688, up from 857,548 in 2024, representing a growth of 3.6%[36] - Average total account balances in Treasury Solutions increased to $1,193,011,000 in 2025 from $878,257,000 in 2024, a growth of 35.8%[36]