Priority Technology Holdings, Inc. (PRTH) Stock — Forensic Analysis, Red Flags & Rating | Stockonomy · Stockonomy
Forensic Analysis · Professional & Commercial Services · as of Sep 25, 2026
Priority Technology Holdings, Inc. (PRTH)
A forensic read on Priority Technology Holdings, Inc. built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
D · Weak — demands caution
Forensic grade
Distress
Financial health
0.8
Distress distance
Clean
Earnings quality
5
Forensic signals
8.6
P / E (ttm)
$643M
Market cap
0.00%
Dividend yield
8.3%
Revenue growth
This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (red flags, auditor quality, say on pay, board independence, going concern, valuation). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.
Priority Technology Holdings, Inc. earns a D (Weak — demands caution) forensic quality grade, and its balance-sheet distress test reads 0.8, placing it in the Distress zone. 5 forensic signals were flagged in its latest SEC filings, led by accruals ratio (% of noa).
What the filings flag
+20.7%
FY2024→FY2025
Accruals ratio (% of NOA).Net operating assets grew +20.7% relative to their own average in FY2025 — scaled by NOA itself, not by total assets, which is what the Forensic Screens card's own accrual row divides by. Accruals are building sharply — a large slice of profit sits in operating assets, not cash. An accrual is a claim that still has to be collected or written down, so the gap resolves in a later period whichever way it goes. The build is led by receivables up +34% against revenue +8% and PP&E up +12% against revenue +8%. A cash-flow measure on the same base disagrees: reported earnings ran behind operating cash by 6% of net operating assets, against an accruals ratio of 20.7%. The two are computed differently: the accruals ratio is the change in net operating assets over average net operating assets, while the cash-flow figure is net income less operating cash flow over that same average. Read them as two results, not one.
+2.0%/yr
FY2023–FY2025
Share-count dilution.Diluted share count changed +4% over the last 2 years to FY2025 (+2.0%/yr). The count is growing: more stock was issued than repurchased over this window, so aggregate results grew faster than their per-share equivalents. That's ~2.0% shaved off per-share growth every year — total profit has to grow that much just to keep earnings-per-share flat, and a stake held since FY2023 has been diluted ~4%.
1.1% of rev
FY2025
Stock-based comp load.Stock-based compensation ran 1.1% of revenue and 14% of free cash flow in FY2025 — about $0.13 per diluted share. No cash left the business to pay it, which is why operating cash flow adds it back. Net of repurchases the diluted count still rose about 2.0% a year and that rate is not falling, so total profit has to grow by that much annually before any of it reaches a share. Stock compensation is one source of that issuance; acquisition consideration, equity raises, convertibles and other employee plans also net into the count, and these figures do not separate them.
Key fundamentals
Latest Revenue$953.0M
Revenue Growth YoY+8.3%
Revenue CAGR (2yr)+12.3%
Net Margin5.8%
Free Cash Flow$75.1M
The forensic grade and screens above are free — no account needed. Want the AI investment read on top — the 0–100 rating, thesis, bull-vs-bear, red flags and the 12-month scenario, written from Priority Technology Holdings, Inc.'s actual 10-K/10-Q/8-K filings?
Data from SEC EDGAR public filings · metrics as of Sep 25, 2026. Forensic signals flag probability, not certainty.
stopped
FY2024→FY2025
Shareholder returns — halted.Capital returns have STOPPED — $24M of buybacks + dividends in FY2024, but ~$0 in FY2025. A halt usually means the company is conserving cash.
13.9%
FY2025
Return on invested capital.Return on invested capital is 13.9% in the latest fiscal year and rising across FY2023–FY2025 from 7.3%. After-tax operating profit was $53M in FY2023 and $127M in FY2025, with operating income at 10.8% of revenue in FY2023, 15.2% in FY2024 and 14.8% in FY2025. The capital base behind it grew +25% across FY2023–FY2025, from $730M to $911M, and the return did not fall doing it, so the dollars added over that window earned at least the 7.3% the older base was already earning. FY2023's operating profit carried a $4M restructuring charge that alone took about 0.3 points off that year's return, so about 0.3 of the 6.6-point rise across FY2023–FY2025 is that charge leaving the base year rather than the capital earning more.