Priority Technology Holdings, Inc. (NASDAQ:PRTH) shares surged more than 8% in premarket trading on Monday after the fintech group reported first-quarter results that exceeded analyst expectations.
The stock climbed 8.54% ahead of the market open following the earnings release.
Revenue and Profit Growth Top Forecasts
The payments and banking technology company posted adjusted earnings per share of $0.28 for the quarter, comfortably ahead of the analyst consensus estimate of $0.19.
Quarterly revenue reached $249.6 million, surpassing forecasts of $242.88 million and marking an 11.1% increase from $224.6 million recorded in the first quarter of 2025.
Priority said the business delivered organic growth of 9.1% during the period.
Adjusted gross profit increased 13.2% year-over-year to $98.8 million, while adjusted EBITDA rose to $58.1 million from $51.3 million in the prior-year quarter.
Net income climbed 18% to $9.8 million, compared with $8.3 million a year earlier. GAAP diluted earnings per share improved to $0.12 from $0.10 in the same quarter last year.
Management Highlights Momentum Across Business Segments
“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. “The momentum across our business segments gives us confidence to affirm our full year 2026 financial guidance.”
Full-Year Outlook Reaffirmed
Priority maintained its financial guidance for full-year 2026, forecasting revenue between $1.01 billion and $1.04 billion, representing expected growth of 6% to 9% compared with fiscal 2025.
The midpoint of the company’s revenue forecast, $1.025 billion, is broadly in line with analyst expectations.
The company also reiterated expectations for adjusted EBITDA between $230 million and $245 million for the full year.