Strong Financial Performance
Priority Technology Holdings reported a 9% increase in net revenue, a 14% increase in adjusted gross profit to $87.3 million, and an 11% improvement in adjusted EBITDA to $51.3 million for Q1 2025.
Growth in Customer Accounts and Transaction Volume
The company ended Q1 2025 with over 1.3 million total customer accounts, up from 1.2 million at the end of 2024, and annual transaction volume increased by $5 billion to over $135 billion.
B2B and Enterprise Segment Growth
B2B revenue grew over 12%, and enterprise revenue grew over 22% year-over-year for the quarter. Adjusted gross profit from these segments now represents 62% of the total.
Debt Reduction and Improved Liquidity
Debt levels declined to $935.5 million with a $10 million prepayment, and available liquidity stood at $117.6 million.