Priority Technology Sees 25% Q1 Revenue Growth to $3.5M, First Positive EBITDA
Priority Technology Holdings reported Q1 2026 revenue of $3.5 million, a 25% year-over-year increase driven by cloud services, and delivered adjusted EBITDA of $0.1 million, its first positive quarterly result. Management secured three new contracts worth $1.2 million and reaffirmed full-year revenue guidance of $14 million.
1. Q1 Financial Results
Priority Technology achieved Q1 2026 revenue of $3.5 million, up 25% from $2.8 million a year earlier, propelled by a 35% surge in cloud services sales. The company reported adjusted EBITDA of $0.1 million versus a loss of $0.2 million in Q1 2025, marking its first profitable quarter on an EBITDA basis.
2. New Contracts and Guidance
During the earnings call, management highlighted the signing of three enterprise contracts totaling $1.2 million, primarily in healthcare and manufacturing verticals. Executives maintained full-year 2026 revenue guidance of $14 million, citing continued demand for digital transformation services and further margin improvements.