Priority Technology Holdings, Inc. Earnings Per Share Disclosure
| (in thousands except per share amounts) | Years Ended December 31, | ||||||||||||||||
| 2024 | 2023 | 2022 | |||||||||||||||
| Numerator: | |||||||||||||||||
| Net income (loss) | $ | 24,015 | $ | (1,311) | (2,150) | ||||||||||||
| Less: Dividends, accretion, and related excise tax attributable to redeemable senior preferred stockholders | (47,336) | (47,744) | (36,880) | ||||||||||||||
| Less: NCI preferred unit redemptions | (639) | — | — | ||||||||||||||
| Less: Earnings attributable to NCI | — | — | — | ||||||||||||||
| Net loss attributable to common shareholders | $ | (23,960) | $ | (49,055) | $ | (39,030) | |||||||||||
| Denominator: | |||||||||||||||||
| Basic and diluted: | |||||||||||||||||
Weighted-average common shares outstanding(1) | 77,993 | 78,333 | 78,233 | ||||||||||||||
| Loss per common share | $ | (0.31) | $ | (0.63) | $ | (0.50) | |||||||||||
| Common Stock Equivalents at December 31, | |||||||||||||||||
| (in thousands) | 2024 | 2023 | 2022 | ||||||||||||||
Outstanding warrants on common stock(1) | — | — | 3,556 | ||||||||||||||
Outstanding options and warrants issued to adviser(2) | — | — | 600 | ||||||||||||||
Restricted stock awards(3) | 721 | 1,180 | 2,440 | ||||||||||||||
Outstanding stock option awards(3) | 840 | 900 | 1,098 | ||||||||||||||
| Total | 1,561 | 2,080 | 7,694 | ||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2024 | Mar 6, 2025 | Showing above |
| 2019 | Mar 30, 2020 | |
| 2018 | Mar 29, 2019 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.