TriumphPay, the payments and processing arm of Triumph Financial, turned in a positive EBITDA for the third quarter for only the second time in its history.
Positive earnings before interest, taxes, depreciation and amortization at TriumphPay has been a highly sought goal for its parent, Triumph Financial (NASDAQ: TFIN), for many quarters. TriumphPay recorded a slightly positive EBITDA margin in the fourth quarter of 2023, so small that the $36,000 in positive EBITDA margin is listed in the...
https://www.freightwaves.com/news/triumphpay-gets-back-to-a-positive-ebitda