PRTH Q2 2026: Revenue +9.4% to $262.3M, net income -9.3% to $9.9M; material weakness remediated

Filed August 6, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 7, 2025 · ~2 min read

Key Changes

• high

  Net income fell 9.3% to $9.9M ($0.12 diluted EPS, -14.3%) despite 9.4% revenue growth, as operating income declined 12% to $262.3M. The divergence reflects lower interest expense (down 9% to $42.1M for six months on refinancing) and a lower effective tax rate (27.7% vs 28.9%), partially offsetting operational margin compression.

  MD&A: Operating Results & Interest Expense verify on EDGAR →
• high

  Material weakness in automated controls and IT general controls for third-party processor data transformation, disclosed at June 30, 2025, has been remediated. Disclosure controls are now effective as of June 30, 2026.

  Controls and Procedures verify on EDGAR →
• high

  Special committee legal costs drove SG&A up 24.3% to $36.1M for six months. The ongoing special committee process was not disclosed in the prior-year period and represents a new professional-fee headwind.

  MD&A: SG&A Expenses verify on EDGAR →