v3.26.1
Unaudited Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 92,152 $ 77,192
Restricted cash 16,403 16,457
Accounts receivable, net of allowances of $6,217 and $6,297, respectively 88,547 91,300
Prepaid expenses and other current assets 29,357 32,145
Current portion of notes receivable, net of allowance of $0 and $0, respectively 2,410 2,062
Settlement assets 1,355,757 1,295,896
Total current assets 1,584,626 1,515,052
Notes receivable, less current portion 25,340 17,629
Property, equipment and software, net 59,785 58,636
Goodwill 416,535 416,641
Intangible assets, net 302,518 315,190
Deferred income taxes, net 47,102 46,350
Other noncurrent assets 30,300 29,306
Total assets 2,466,206 2,398,804
Current liabilities:    
Accounts payable and accrued expenses 58,754 70,636
Accrued residual commissions 43,558 40,463
Customer deposits and advance payments 2,728 1,972
Current portion of long-term debt 525 0
Settlement obligations 1,356,128 1,297,263
Total current liabilities 1,461,693 1,410,334
Long-term debt, net of current portion, discounts and debt issuance costs 1,045,909 1,039,358
Other noncurrent liabilities 40,440 41,484
Total liabilities 2,548,042 2,491,176
Commitments and contingencies (Note 13)
Stockholders' deficit:    
Preferred stock, $0.001; 100,000,000 shares authorized; 0 issued or outstanding at March 31, 2026 and December 31, 2025 0 0
Common Stock, $0.001 par value; 1,000,000,000 shares authorized; 87,200,122 and 86,639,593 shares issued at March 31, 2026 and December 31, 2025, respectively; and 82,301,383 and 81,907,304 shares outstanding at March 31, 2026 and December 31, 2025, respectively 82 82
Treasury stock at cost, 4,898,739 and 4,732,289 shares at March 31, 2026 and December 31, 2025, respectively (23,643) (22,759)
Additional paid-in capital 15,902 13,925
Accumulated other comprehensive loss (563) (210)
Accumulated deficit (81,693) (91,453)
Total stockholders' deficit attributable to stockholders of Priority (89,915) (100,415)
Non-controlling interests in consolidated subsidiaries 8,079 8,043
Total stockholders' deficit (81,836) (92,372)
Total liabilities, stockholders' deficit and Non-controlling interest $ 2,466,206 $ 2,398,804