Priority Technology Holdings Reports 6.3% Revenue Growth to $241.4 Million in Q3 2025

Priority Technology Holdings, Inc. reported a consolidated revenue of $241.4 million for the third quarter of 2025, marking a 6.3% increase from $227.0 million in the same period of 2024. For the nine months ending September 30, 2025, revenue reached $705.9 million, up 8.2% from $652.6 million year-over-year. The growth was primarily driven by increased card processing volumes in the Merchant Solutions segment, higher enrollments and billed clients in the Treasury Solutions segment, and a rise in processing volume and ACH transactions in the Payables segment. The company also reported a net income of $27.6 million for the third quarter, compared to $10.6 million in the prior year, and a net income of $46.7 million for the nine-month period, a significant increase from a loss of $20.2 million in 2024.

Operating expenses for the third quarter totaled $203.7 million, an increase of 7.8% from $189.0 million in the same quarter of 2024. The rise in expenses was attributed to higher costs of revenue, salary and employee benefits, and selling, general, and administrative expenses, which were influenced by merit increases, increased headcount, and costs associated with recent acquisitions. The company’s operating income for the third quarter was $37.8 million, slightly down from $38.1 million in the previous year, while the operating income for the nine-month period increased to $107.7 million from $99.3 million.

Strategically, Priority Technology has made significant acquisitions, including the purchase of Payslate Inc. and Sila Inc., which are expected to enhance its Treasury Solutions segment. The acquisition of Payslate, which specializes in processing rent payments, was completed for $9 million, while Sila was acquired for $7.9 million. These acquisitions are anticipated to provide synergies and expand the company’s service offerings. Additionally, Priority completed the acquisition of certain residual portfolio rights from Boom Commerce for $73.5 million, further diversifying its revenue streams.

As of September 30, 2025, Priority Technology reported total assets of $2.2 billion, up from $1.8 billion at the end of 2024. The company’s cash and cash equivalents stood at $57.0 million, with restricted cash of $13.0 million. The total liabilities increased to $2.3 billion, primarily due to the recent acquisitions and increased debt obligations. The company’s employee headcount has also grown, reflecting its expansion efforts. Looking ahead, Priority Technology anticipates continued growth driven by its strategic acquisitions and an expanding customer base, while maintaining compliance with its debt covenants and focusing on operational efficiencies.