Filing Flows › Priority Technology Holdings (PRTH) › Q1 2025
Priority Technology Holdings (PRTH) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 6, 2025
Priority Technology Holdings (PRTH) reported revenue of $225M for the first quarter 2025 (Q1 2025), +9% from a year earlier and -1% from the quarter before. Operating margin was 14.5%, net earnings $8.3M (3.7% of revenue).
Priority Technology Holdings, Q1 2025: revenue $225M (+9% year over year), operating margin 14.5%, net earnings $8.3M, operating cash flow $10.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $225M | -1% | +9% |
| Operating profit | $32.6M | -4% | +16% |
| Net earnings | $8.3M | +15% | +59% |
| Operating cash flow | $10.0M | -58% | -25% |
| Free cash flow | $4.9M | -75% | -27% |
What changed
Revenue was $224.6M in Q1 2025, up 9% year over year and down 1% from the previous quarter. Merchant Card Fees was the largest line at 74% of revenue. Merchant Card Fees added $9.1M year over year (up 6%), 48% of the total change.
Operating profit was $32.6M, a 14.5% margin (up 0.9 points year over year). Of the extra revenue versus a year earlier, 24% reached operating profit, above the 14% margin then. Total costs grew 8% against revenue growth of 9%. The fastest-growing cost line was SG&A (+37%). Net earnings were $8.3M. The effective tax rate was 21.4%.
Operating cash flow was $10.0M (down 25% year over year), 120% of net earnings. Non-cash charges added back $13.8M of depreciation and amortization and $1.6M of share-based compensation. Working capital and other items used $13.7M. Capital expenditures of $5.1M left free cash flow of $4.9M.
Questions
What was Priority Technology Holdings' revenue in the first quarter 2025?
Priority Technology Holdings (PRTH) reported revenue of $225M for the first quarter 2025 (Q1 2025), +9% from a year earlier and -1% from the quarter before.
Was Priority Technology Holdings profitable in the first quarter 2025?
Operating profit was $32.6M (14.5% of revenue) and net earnings $8.3M.