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PRTH-News
PRTH-Events
Priority Technology Acquires IntelliPay to Expand Public Sector Business
Priority Technology Holdings announced it has entered into a membership interest purchase agreement to acquire IntelliPay. The acquisition will establish Priority Commerce Government, extending the company's enterprise payments business into the public sector. "IntelliPay has been a longstanding partner and has built a strong business serving state and local municipalities with unique payment acceptance and billing needs," said Tom Priore, CEO of Priority Commerce. "Acquiring high-performing partners in our ecosystem is an important part of our strategy to build out key verticals. Our shared vision for streamlining financial operations in the public sector makes IntelliPay a natural fit as we bring seamless payments and treasury solutions to this critical market."
Priority Reports Q2 Revenue of $262.3M, Beating Expectations
Reports revenue $262.3M, consensus $257.82M. "Strong second quarter results reflect the continued success of Priority's Connected Commerce engine, with over 9% revenue growth and 8% adjusted gross profit growth," said Tom Priore, Chairman & CEO of Priority. "The growing base of partners leveraging our platform for payments and treasury solutions to improve visibility into their financial environment with total command of their cashflow reinforces our belief in our vision for the future of commerce and confidence to affirm our full year 2026 financial guidance."
Adjusted Gross Profit Forecast Ranges from $405 Million to $425 Million
Adjusted gross profit forecast to range between $405 million and $425 million; Adjusted EBITDA forecast to range between $230 million to $245 million.
Priority Commerce Announces Multi-Year Partnership with Pittsburgh Steelers
Priority Commerce announced a new multi-year partnership with the Pittsburgh Steelers. Under the agreement, Priority Commerce was chosen to provide ticketing payment processing and deploy its Passport treasury orchestration solution to help the organization optimize payment costs, monitor daily transaction and interchange activity, and improve visibility into cash flow and treasury operations. As part of the multi-year agreement, Priority Commerce will also receive marketing rights and other partnership assets, including in-stadium branding, hospitality and participation in select Steelers business events.
Priority Reports Q1 Revenue of $249.6M, Beating Expectations
Reports Q1 revenue $249.6M, consensus $243.37M. "Strong first quarter results reflect the continued success of Priority's Connected Commerce engine, with over 11% revenue growth and 13% adjusted gross profit growth," said Tom Priore, Chairman & CEO of Priority. "Our partners and customers connect with our diverse set of payments and treasury solutions to embed key money movement, compliance and risk management capabilities into their workflows, creating new revenue opportunities and operating efficiency. The momentum across our business segments gives us confidence to affirm our full year 2026 financial guidance."
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