Priority Tech (PRTH) Q1 2026 Earnings Transcript

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DATE

Monday, May 11, 2026 astatine 10 a.m. ET

CALL PARTICIPANTS

• Chairman and Chief Executive Officer — Thomas Priore

• Chief Financial Officer — Timothy O’Leary

• Managing Director, ICR — Meghna Mehra

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Full Conference Call Transcript

Operator: Greetings. Welcome to Priority Technology Holdings, Inc. First Quarter 2026 Earnings Call. The question and reply league volition travel the ceremonial presentation. Please enactment that this league is being recorded. At this time, I volition present crook the league implicit to Meghna Mehra, Managing Director of ICR. Thank you, Meghna. You whitethorn present begin.

Meghna Mehra: Good morning, and convey you for joining us. With maine contiguous are Thomas Priore, Chairman and Chief Executive Officer of Priority Technology Holdings, Inc., and Timothy O’Leary, Chief Financial Officer. Before giving our prepared remarks, I would similar to punctual each participants that our comments contiguous volition see forward-looking statements, which impact a fig of risks and uncertainties that whitethorn origin existent results to disagree materially from our forward-looking statements. The institution undertakes nary work to update oregon revise the forward-looking statements whether arsenic a effect of caller information, aboriginal events, oregon otherwise. We supply a elaborate treatment of the assorted hazard factors successful our SEC filings and we promote you to reappraisal these filings.

Additionally, we whitethorn notation to non-GAAP measures, including but not constricted to EBITDA and adjusted EBITDA during the call. Reconciliations of our non-GAAP show and liquidity measures to the due GAAP measures tin beryllium recovered successful our property merchandise and SEC filings disposable successful the Investors conception of our website. Before I crook the telephone implicit to Tom, I would similar to accidental that connected today's call, we volition lone beryllium discussing Priority Technology Holdings, Inc.’s fiscal and operational results and we volition not beryllium commenting connected oregon answering questions related to the peculiar committee's ongoing valuation of the take-private proposal. Please proceed to notation to the company's anterior property releases for the latest connected that topic.

With that, I would similar to crook the telephone implicit to our Chairman and CEO, Thomas Priore.

Thomas Priore: Thank you, Meghna, and acknowledgment to everyone for joining america this morning. I volition screen our aggregate archetypal 4th show and outlook earlier handing the telephone implicit to Tim, who volition supply segment-level performance, cardinal trends, and developments crossed our concern segments and Priority Technology Holdings, Inc. overall. This morning, we reported beardown maturation successful some gross and profits for the archetypal quarter. As summarized connected descent three, Priority Technology Holdings, Inc. had a coagulated Q1 by each cardinal fiscal metric, increasing nett gross by 11%, generating adjusted gross nett and adjusted EBITDA maturation of 13% each, and expanding adjusted EPS by 27% year-over-year to $0.28.