EVO Payments (EVOP) 10-Q 5 Nov 20 2020 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2020	Oct. 26, 2020
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2020
Document Transition Report	false
Entity File Number	001-38504
Entity Registrant Name	EVO Payments, Inc.
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	Ten Glenlake Parkway
Entity Address, Address Line Two	South Tower, Suite 950
Entity Address, City or Town	Atlanta
Entity Address, Country	GE
Entity Tax Identification Number	82-1304484
Entity Address, Postal Zip Code	30328
City Area Code	770
Local Phone Number	709-7374
Title of 12(b) Security	Class A common stock, par value $0.0001 per share
Trading Symbol	EVOP
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Central Index Key	0001704596
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q3
Amendment Flag	false
Class A Common Stock
Entity Common Stock, Shares Outstanding		42,013,716
Class B Common Stock
Entity Common Stock, Shares Outstanding		34,163,538
Class C Common Stock
Entity Common Stock, Shares Outstanding		1,886,425
Class D Common Stock
Entity Common Stock, Shares Outstanding		4,567,508

Unaudited Condensed Consolidate

Unaudited Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	$ 373,879	$ 304,089
Accounts receivable, net	14,860	15,881
Other receivables	14,961	24,438
Due from related parties	630	1,125
Inventory	7,600	9,128
Settlement processing assets	288,598	328,637
Other current assets	14,371	12,867
Total current assets	714,899	696,165
Equipment and improvements, net	71,847	94,464
Goodwill, net	372,321	378,838
Intangible assets, net	213,805	257,560
Investment in unconsolidated investees	776	2,078
Deferred tax assets	217,399	210,275
Operating lease right-of-use assets	35,225	45,664
Investment in equity securities, at fair value	23,336
Other assets	14,731	21,360
Total assets	1,664,339	1,706,404
Current liabilities:
Settlement lines of credit	16,594	33,103
Current portion of long-term debt	4,628	8,744
Accounts payable	6,812	13,584
Accrued expenses	107,804	110,079
Settlement processing obligations	422,021	449,302
Current portion of operating lease liabilities, inclusive of related party liability of $1.1 million and $1.2 million at September 30, 2020 and December 31, 2019, respectively	6,211	7,087
Due to related parties	4,429	7,325
Total current liabilities	568,499	629,224
Long-term debt, net of current portion	580,164	693,169
Due to related parties	185	385
Deferred tax liabilities	14,218	17,260
Tax receivable agreement obligations, inclusive of related party liability of $142.3 million and $141.1 million at September 30, 2020 and December 31, 2019, respectively	151,807	150,274
ISO reserves	2,921	2,758
Operating lease liabilities, net of current portion, inclusive of related party liability of $2.5 million and $3.2 million at September 30, 2020 and December 31, 2019, respectively	31,287	41,703
Other long-term liabilities	2,346	1,830
Total liabilities	1,351,427	1,536,603
Commitments and contingencies
Redeemable non-controlling interests	1,008,491	1,052,448
Redeemable preferred stock (par value, $0.0001 per share), Authorized, Issued and Outstanding - 152,250 and 0 shares at September 30, 2020 and December 31, 2019, respectively. Liquidation preference: $156,285 and $0 at September 30, 2020 and December 31, 2019, respectively	151,721
Shareholders' equity (deficit):
Accumulated deficit attributable to Class A common stock	(555,089)	(587,358)
Accumulated other comprehensive loss	(9,712)	(1,948)
Total EVO Payments, Inc. shareholders' deficit	(564,794)	(589,299)
Nonredeemable non-controlling interests	(282,506)	(293,348)
Total deficit	(847,300)	(882,647)
Total liabilities, redeemable non-controlling interests, redeemable preferred stock, and shareholders' deficit	1,664,339	1,706,404
Class A Common Stock
Shareholders' equity (deficit):
Common stock	4	4
Total deficit	4	4
Class B Common Stock
Shareholders' equity (deficit):
Common stock	3	3
Total deficit	3	3
Class C Common Stock
Shareholders' equity (deficit):
Common stock
Class D Common Stock
Shareholders' equity (deficit):
Common stock

Unaudited Condensed Consolida_2

Unaudited Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Operating lease liabilities, related party current	$ 1,100	$ 1,200
Tax receivable agreement, related party	142,300	141,100
Operating lease liabilities, related party non current	$ 2,500	$ 3,200
Shareholders'/members' equity (deficit):
Redeemable preferred stock par value	$ 0.0001	$ 0.0001
Redeemable preferred stock , Shares Authorized	152,250
Redeemable preferred stock , Shares Issued	152,250	0
Redeemable preferred stock , Redemption value	$ 156,285	$ 0
Series A Convertible Preferred Stock
Shareholders'/members' equity (deficit):
Redeemable preferred stock , Shares Outstanding	152,000
Class A Common Stock
Shareholders'/members' equity (deficit):
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock shares authorized (in shares)	200,000,000	200,000,000
Common stock shares issued (in shares)	42,012,986	41,233,954
Class B Common Stock
Shareholders'/members' equity (deficit):
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock shares authorized (in shares)	40,000,000	40,000,000
Common stock shares issued (in shares)	34,163,538	34,163,538
Class C Common Stock
Shareholders'/members' equity (deficit):
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock shares authorized (in shares)	4,000,000	4,000,000
Common stock shares issued (in shares)	1,886,425	2,321,955
Class D Common Stock
Shareholders'/members' equity (deficit):
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock shares authorized (in shares)	32,000,000	32,000,000
Common stock shares issued (in shares)	4,567,508	4,354,978

Unaudited Condensed Consolida_3

Unaudited Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Unaudited Condensed Consolidated Statements of Operations and Comprehensive Loss
Revenue	$ 116,976	$ 122,363	$ 322,428	$ 356,398
Operating expenses:
Cost of services and products	20,693	24,065	63,034	72,900
Selling, general, and administrative	64,668	63,864	191,579	196,592
Depreciation and amortization	22,167	22,804	64,116	68,412
Impairment of intangible assets	0	3,872	782	10,504
Total operating expenses	107,528	114,605	319,511	348,408
Income from operations	9,448	7,758	2,917	7,990
Other income (expense):
Interest income	226	858	857	2,268
Interest expense	(6,717)	(11,085)	(23,916)	(34,006)
Income from investment in unconsolidated investees	95	167	310	436
Gain on investment in equity securities	15,750		15,750
Other income, net	2,558	888	753	2,498
Total other income (expense)	11,912	(9,172)	(6,246)	(28,804)
Income (loss) before income taxes	21,360	(1,414)	(3,329)	(20,814)
Income tax (expense) benefit	(6,775)	(3,590)	(4,699)	618
Net income (loss)	14,585	(5,004)	(8,028)	(20,196)
Less: Net income attributable to non-controlling interests in consolidated entities	3,556	2,220	5,644	4,798
Less: Net income (loss) attributable to non-controlling interests of EVO Investco, LLC	5,190	(5,380)	(10,932)	(18,323)
Net income (loss) attributable to EVO Payments, Inc.	5,839	$ (1,844)	(2,740)	$ (6,671)
Less: Accrual of redeemable preferred stock paid-in-kind dividends	2,360		4,131
Net income (loss) attributable to Class A common stock	$ 3,479		$ (6,871)
Earnings per share
Basic (in dollars per share)	$ 0.07	$ (0.05)	$ (0.17)	$ (0.22)
Diluted (in dollars per share)	$ 0.07	$ (0.05)	$ (0.17)	$ (0.22)
Weighted-average Class A common stock outstanding
Basic (in shares)	41,675,929	34,634,567	41,445,566	30,996,506
Diluted (in shares)	42,636,616	34,634,567	41,445,566	30,996,506
Comprehensive income (loss):
Net income (loss)	$ 14,585	$ (5,004)	$ (8,028)	$ (20,196)
Change in fair value of interest rate swap, net of tax	150		(614)
Unrealized gain (loss) on foreign currency translation adjustment, net of tax	14,930	(16,943)	(19,663)	(13,530)
Other comprehensive income (loss)	15,080	(16,943)	(20,277)	(13,530)
Comprehensive income (loss)	29,665	(21,947)	(28,305)	(33,726)
Less: Comprehensive income (loss) attributable to non-controlling interests in consolidated entities	5,110	(691)	4,624	2,013
Less: Comprehensive income (loss) attributable to non-controlling interests of EVO Investco, LLC	12,335	(13,486)	(22,425)	(24,562)
Comprehensive income (loss) attributable to EVO Payments, Inc.	$ 12,220	$ (7,770)	$ (10,504)	$ (11,177)

Unaudited Condensed Consolida_4

Unaudited Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Parenthetical) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Unrealized gain (loss) on foreign currency translation adjustment, tax	$ (0.9)	$ 5.1	$ 3.7	$ 4.1
Interest Rate Swap
Tax expense benefit	$ (0.1)		$ 0.1

Unaudited Condensed Consolida_5

Unaudited Condensed Consolidated Statements of Changes in Equity (Deficit) - USD ($) shares in Thousands, $ in Thousands	Total deficit	EVO Payments, Inc. equity/(deficit)	Additional paid-in capital	Accumulated deficit attributable to Class A common stock	Accumulated other comprehensive loss	Nonredeemable non-controlling interests	Class A Common Stock	Class B Common Stock	Class C Common Stock	Class D Common Stock	Series A Convertible Preferred Stock	Total
Beginning balance at Dec. 31, 2018	$ (862,682)	$ (48,608)	$ 178,176	$ (223,799)	$ (2,993)	$ (814,074)	$ 3	$ 4		$ 1
Beginning balance (in shares) at Dec. 31, 2018							26,025	35,914	2,461	16,786
Statements of Changes in Equity
Prior period adjustment		(20,629)	(20,629)			20,629
Net income (loss)	(10,087)	(5,290)		(5,290)		(4,797)
Cumulative translation adjustment	(643)	(1,047)			(1,047)	404
Distributions	(15)					(15)
Share-based compensation expense	1,845	1,845	1,845
Vesting of equity awards	(129)	(129)	(129)
Exchanges of Class C and Class D common stock for Class A common stock		(20,293)	(20,293)			20,293
Exchanges of Class C and Class D common stock for Class A common stock (in shares)							491		(12)	(479)
Deferred taxes in connection with share exchanges and secondary offerings	121	121	121
Deferred taxes in connection with share exchanges and secondary offerings (in shares)							(2)
Tax receivable agreement in connection with share exchanges and secondary offerings	334	334	334
eService redeemable non-controlling interest fair value adjustment	(1,103)	(646)		(646)		(457)
Blueapple redeemable non-controlling interest fair value adjustment	(168,984)	(98,922)		(98,922)		(70,062)
Ending balance at Mar. 31, 2019	(1,041,343)	(193,264)	139,425	(328,657)	(4,040)	(848,079)	$ 3	$ 4		$ 1
Ending balance (in shares) at Mar. 31, 2019							26,514	35,914	2,449	16,307
Beginning balance at Dec. 31, 2018												$ 1,010,093
Redeemable non-controlling interests
Net income (loss)												(8,932)
Foreign currency translation and other adjustments												(2,580)
Distributions												(5,465)
eService redeemable non-controlling interest fair value adjustment												1,103
Blueapple redeemable non-controlling interest fair value adjustment subsequent to the Reorganization Transactions												168,984
Ending balance at Mar. 31, 2019												1,163,203
Beginning balance at Dec. 31, 2018	(862,682)	(48,608)	178,176	(223,799)	(2,993)	(814,074)	$ 3	$ 4		$ 1
Beginning balance (in shares) at Dec. 31, 2018							26,025	35,914	2,461	16,786
Ending balance at Dec. 31, 2019	(882,647)	(589,299)		(587,358)	(1,948)	(293,348)	$ 4	$ 3				(882,647)
Ending balance (in shares) at Dec. 31, 2019							41,234	34,164	2,322	4,355
Beginning balance at Dec. 31, 2018												1,010,093
Redeemable non-controlling interests
Net income (loss)												(6,712)
Distributions												(9,475)
Ending balance at Dec. 31, 2019												1,052,448
Beginning balance at Mar. 31, 2019	(1,041,343)	(193,264)	139,425	(328,657)	(4,040)	(848,079)	$ 3	$ 4		$ 1
Beginning balance (in shares) at Mar. 31, 2019							26,514	35,914	2,449	16,307
Statements of Changes in Equity
Net income (loss)	1,248	463		463		785
Cumulative translation adjustment	3,110	2,887			2,887	223
Distributions	(216)					(216)
Secondary Offering	32,564	(171,300)	(171,300)			203,864
Secondary Offering (in shares)							5,750	(500)		(4,500)
Share-based compensation expense	2,977	2,977	2,977
Vesting of equity awards	(1,509)	(1,509)	(1,509)
Vesting of equity awards (in shares)							75
Exercise of stock options	291	291	291
Exercise of stock options (in shares)							28
Exchanges of Class C and Class D common stock for Class A common stock		(6,477)	(6,477)			6,477
Exchanges of Class C and Class D common stock for Class A common stock (in shares)							121		(79)	(42)
Deferred taxes in connection with share exchanges and secondary offerings	1,951	1,951	1,951
Deferred taxes in connection with share exchanges and secondary offerings (in shares)							2
Tax receivable agreement in connection with share exchanges and secondary offerings	6,606	6,606	6,606
eService redeemable non-controlling interest fair value adjustment	(5,309)	(3,647)		(3,647)		(1,662)
Blueapple redeemable non-controlling interest fair value adjustment	(87,128)	(59,845)		(59,845)		(27,283)
Reclassification of additional paid-in-capital to accumulated deficit			$ 28,036	(28,036)
Ending balance at Jun. 30, 2019	(1,086,758)	(420,867)		(419,722)	(1,153)	(665,891)	$ 3	$ 4		$ 1
Ending balance (in shares) at Jun. 30, 2019							32,490	35,414	2,370	11,765
Beginning balance at Mar. 31, 2019												1,163,203
Redeemable non-controlling interests
Net income (loss)												2,579
Foreign currency translation and other adjustments												4,553
Distributions												(744)
eService redeemable non-controlling interest fair value adjustment												5,309
Blueapple redeemable non-controlling interest fair value adjustment subsequent to the Reorganization Transactions												87,128
Secondary Offering												(13,580)
Ending balance at Jun. 30, 2019												1,248,448
Statements of Changes in Equity
Net income (loss)	(3,880)	(1,844)		(1,844)		(2,036)
Cumulative translation adjustment	(10,454)	(7,702)			(7,702)	(2,752)
Distributions	(53)					(53)
Secondary Offering	21,188	(132,100)				153,288	$ 1	$ (1)
Secondary Offering (in shares)			(132,100)				4,000	(750)		(3,250)
Fair value adjustment in connection with purchase of Blueapple Class B shares	2,460	1,721		1,721		739
Share-based compensation expense	3,019	3,019	$ 3,019
Vesting of equity awards	(78)	(78)	(78)
Vesting of equity awards (in shares)							5
Exercise of stock options	519	519	519
Exercise of stock options (in shares)							21
Exchanges of Class C and Class D common stock for Class A common stock		(10,615)	(10,615)			10,615
Exchanges of Class C and Class D common stock for Class A common stock (in shares)							196		(36)	(160)
Deferred taxes in connection with share exchanges and secondary offerings	1,323	1,323	1,323
Tax receivable agreement in connection with share exchanges	6,065	6,065	6,065
eService redeemable non-controlling interest fair value adjustment	(1,968)	(1,524)		(1,524)		(444)
Blueapple redeemable non-controlling interest fair value adjustment	105,411	81,633		81,633		23,778
Reclassification of additional paid-in-capital to accumulated deficit			131,867	(131,867)
Ending balance at Sep. 30, 2019	(963,206)	(480,450)		(471,603)	(8,855)	(482,756)	$ 4	$ 3		$ 1
Ending balance (in shares) at Sep. 30, 2019							36,712	34,664	2,334	8,355
Redeemable non-controlling interests
Net income (loss)												(1,124)
Foreign currency translation and other adjustments												(11,589)
Fair value adjustment in connection with purchase of Blueapple Class B shares												(2,460)
eService redeemable non-controlling interest fair value adjustment												1,968
Blueapple redeemable non-controlling interest fair value adjustment subsequent to the Reorganization Transactions												(105,411)
Secondary Offering												(21,188)
Ending balance at Sep. 30, 2019												1,108,644
Beginning balance at Dec. 31, 2019	(882,647)	(589,299)		(587,358)	(1,948)	(293,348)	$ 4	$ 3				(882,647)
Beginning balance (in shares) at Dec. 31, 2019							41,234	34,164	2,322	4,355
Statements of Changes in Equity
Net income (loss)	(6,282)	(4,808)		(4,808)		(1,474)
Cumulative translation adjustment	(22,533)	(18,556)			(18,556)	(3,977)
Distributions	(63)					(63)
Share-based compensation expense	3,585	3,585	3,585
Vesting of equity awards	(339)	(339)	(339)
Vesting of equity awards (in shares)							107
Exercise of stock options	17	17	17
Exercise of stock options (in shares)							1
Exchanges of Class C and Class D common stock for Class A common stock		(882)	(882)			882
Exchanges of Class C and Class D common stock for Class A common stock (in shares)							19		(4)	(15)
Deferred taxes in connection with increase in ownership of EVO Investco, LLC	3,632	3,632	3,632
Tax receivable agreement in connection with share exchanges	22	22	22
eService redeemable non-controlling interest fair value adjustment	29,105	25,069		25,069		4,036
Blueapple redeemable non-controlling interest fair value adjustment	371,674	320,136		320,136		51,538
Ending balance at Mar. 31, 2020	(503,829)	(261,423)	6,035	(246,961)	(20,504)	(242,406)	$ 4	$ 3
Ending balance (in shares) at Mar. 31, 2020							41,361	34,164	2,318	4,340
Beginning balance at Dec. 31, 2019												1,052,448
Redeemable non-controlling interests
Net income (loss)												(7,288)
Foreign currency translation and other adjustments												(25,176)
eService redeemable non-controlling interest fair value adjustment												(29,105)
Blueapple redeemable non-controlling interest fair value adjustment subsequent to the Reorganization Transactions												(371,674)
Ending balance at Mar. 31, 2020												619,205
Ending balance at Sep. 30, 2020											$ 151,721	151,721
Ending balance (shares) at Sep. 30, 2020											152
Beginning balance at Dec. 31, 2019	(882,647)	(589,299)		(587,358)	(1,948)	(293,348)	$ 4	$ 3				(882,647)
Beginning balance (in shares) at Dec. 31, 2019							41,234	34,164	2,322	4,355
Ending balance at Sep. 30, 2020	(847,300)	(564,794)		(555,089)	(9,712)	(282,506)	$ 4	$ 3				(847,300)
Ending balance (in shares) at Sep. 30, 2020							42,013	34,164	1,886	4,568
Beginning balance at Dec. 31, 2019												1,052,448
Redeemable non-controlling interests
Net income (loss)												(3,821)
Ending balance at Sep. 30, 2020												1,008,491
Redeemable Preferred Stock
Issuance of redeemable preferred stock, net of issuance costs											$ 147,590
Issuance of redeemable preferred stock, net of issuance costs (shares)											152
Accrual of redeemable preferred stock paid-in-kind dividends											$ 1,771
Ending balance at Jun. 30, 2020											$ 149,361
Ending balance (shares) at Jun. 30, 2020											152
Beginning balance at Mar. 31, 2020	(503,829)	(261,423)	6,035	(246,961)	(20,504)	(242,406)	$ 4	$ 3
Beginning balance (in shares) at Mar. 31, 2020							41,361	34,164	2,318	4,340
Statements of Changes in Equity
Net income (loss)	(4,710)	(3,771)		(3,771)		(939)
Cumulative translation adjustment	5,751	4,747			4,747	1,004
Distributions	(11)					(11)
Accrual of redeemable preferred stock paid-in-kind dividends	(1,771)	(1,771)	(1,771)
Share-based compensation expense	5,890	5,890	5,890
Vesting of equity awards	(856)	(856)	(856)
Vesting of equity awards (in shares)							79
Exercise of stock options	549	549	549
Exercise of stock options (in shares)							34
Deferred taxes in connection with increase in ownership of EVO Investco, LLC	31	31	31
Change in fair value of interest rate swap	(406)	(336)			(336)	(70)
eService redeemable non-controlling interest fair value adjustment	(6,038)	(5,203)	(5,203)			(835)
Blueapple redeemable non-controlling interest fair value adjustment	(262,035)	(225,786)	(225,786)			(36,249)
Reclassification of additional paid-in-capital to accumulated deficit			221,111	(221,111)
Ending balance at Jun. 30, 2020	(767,435)	(487,929)		(471,843)	(16,093)	(279,506)	$ 4	$ 3
Ending balance (in shares) at Jun. 30, 2020							41,474	34,164	2,318	4,340
Beginning balance at Mar. 31, 2020												619,205
Redeemable non-controlling interests
Net income (loss)												(4,333)
Foreign currency translation and other adjustments												7,365
Change in fair value of interest rate swap												(358)
eService redeemable non-controlling interest fair value adjustment												6,038
Blueapple redeemable non-controlling interest fair value adjustment subsequent to the Reorganization Transactions												262,035
Ending balance at Jun. 30, 2020												889,952
Redeemable Preferred Stock
Accrual of redeemable preferred stock paid-in-kind dividends											$ 2,360
Ending balance at Sep. 30, 2020											$ 151,721	151,721
Ending balance (shares) at Sep. 30, 2020											152
Statements of Changes in Equity
Net income (loss)	6,785	5,839		5,839		946
Cumulative translation adjustment	7,457	6,315			6,315	1,142
Accrual of redeemable preferred stock paid-in-kind dividends	(2,360)	(2,360)	(2,360)
Return of prior distributions, net of current period distributions	97					97
Share-based compensation expense	5,916	5,916	5,916
Vesting of equity awards	(48)	(48)	(48)
Vesting of equity awards (in shares)							6
Exercise of stock options	4,955	4,955	4,955
Exercise of stock options (in shares)							329
Exchanges of Class C and Class D common stock for Class A common stock		(8,543)	(8,543)			8,543
Exchanges of Class C and Class D common stock for Class A common stock (in shares)							204		(432)	228
Deferred taxes in connection with increase in ownership of EVO Investco, LLC	200	200	200
Tax receivable agreement in connection with share exchanges	249	249	249
Change in fair value of interest rate swap	80	66			66	14
eService redeemable non-controlling interest fair value adjustment	(26,115)	(22,638)	(22,638)			(3,477)
Blueapple redeemable non-controlling interest fair value adjustment	(77,081)	(66,816)	(66,816)			(10,265)
Reclassification of additional paid-in-capital to accumulated deficit			$ 89,085	(89,085)
Ending balance at Sep. 30, 2020	$ (847,300)	$ (564,794)		$ (555,089)	$ (9,712)	$ (282,506)	$ 4	$ 3				(847,300)
Ending balance (in shares) at Sep. 30, 2020							42,013	34,164	1,886	4,568
Redeemable non-controlling interests
Net income (loss)												7,800
Foreign currency translation and other adjustments												7,473
Change in fair value of interest rate swap												70
eService redeemable non-controlling interest fair value adjustment												26,115
Blueapple redeemable non-controlling interest fair value adjustment subsequent to the Reorganization Transactions												77,081
Ending balance at Sep. 30, 2020												$ 1,008,491

Unaudited Condensed Consolida_6

Unaudited Condensed Consolidated Statements of Changes in Equity (Deficit) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2019	Dec. 31, 2018
EVO Payments, Inc. equity/(deficit)
Prior period adjustment	$ 20,629	$ 20,600

Unaudited Condensed Consolida_7

Unaudited Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Cash flows from operating activities:
Net loss	$ (8,028)	$ (20,196)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation and amortization	64,116	68,412
Gain on sale of investment	(336)	(250)
Gain on investment in equity securities	(15,750)
Amortization of deferred financing costs	2,006	2,006
Change in fair value of contingent consideration	(74)	2,362
Loss on disposal of equipment and improvements	1,239
Share-based compensation expense	15,391	7,841
Impairment of intangible assets	782	10,504
Accrued interest expense	(4,127)	366
Deferred taxes, net	(1,086)	(7,880)
Other	543	(79)
Changes in operating assets and liabilities, net of effect of acquisitions:
Accounts receivable, net	1,039	(2,546)
Other receivables	7,898	32,739
Inventory	1,357	(1,487)
Other current assets	(1,937)	(2,816)
Operating lease right-of-use assets	6,199	5,451
Other assets	(674)	(666)
Related parties, net	(2,506)	2,288
Accounts payable	(6,707)	(38,973)
Accrued expenses	2,639	(7,234)
Settlement processing funds, net	12,788	(15,579)
Operating lease liabilities	(6,934)	(5,505)
Other	163	67
Net cash provided by operating activities	68,001	28,825
Cash flows from investing activities:
Acquisition of businesses, net of cash acquired		(38,832)
Purchase of equipment and improvements	(12,719)	(24,639)
Acquisition of intangible assets	(5,023)	(4,759)
Net proceeds from sale of investments		250
Return of capital on equity method investment	906
Collection of deferred cash consideration		4,882
Collections of notes receivable	255	1,812
Net cash used in investing activities	(16,581)	(61,286)
Cash flows from financing activities:
Proceeds from long-term debt	185,250	316,479
Repayments of long-term debt	(316,659)	(318,919)
Deferred financing costs paid		(2)
Contingent consideration paid	(1,105)	(5,919)
Deferred cash consideration paid	(887)
Secondary offering proceeds		258,522
Purchase of LLC Interests, Class B and Class D common stock in connection with the April 2019 and the August 2019 Secondary Offerings		(239,538)
Repurchases of shares to satisfy minimum tax withholding	(1,243)	(1,716)
Proceeds from issuance of redeemable preferred stock	149,250
Redeemable preferred stock issuance costs	(1,660)
Proceeds from exercise of common stock options	5,521	810
Distribution to non-controlling interests holders	23	(6,493)
Net cash provided by financing activities	18,490	3,224
Effect of exchange rate changes on cash and cash equivalents	(120)	(9,651)
Net increase (decrease) in cash and cash equivalents	69,790	(38,888)
Cash and cash equivalents, beginning of period	304,089	350,697
Cash and cash equivalents, end of period	$ 373,879	$ 311,809

Description of Business and Sum

Description of Business and Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2020
Description of Business and Summary of Significant Accounting Policies
Description of Business and Summary of Significant Accounting Policies	(1) Description of Business and Summary of Significant Accounting Policies (a) Description of Business EVO, Inc. (the “Company”) is a Delaware corporation whose primary asset is its ownership of approximately 50.8% The Company is a leading payment technology and services provider, offering an array of innovative, reliable and secure payment solutions to merchants across the Americas and Europe and servicing more than 550,000 merchants across more than 50 markets. The Company supports all major card types in the markets it serves. The Company provides card-based payment processing services to small and middle market merchants, multinational corporations, government agencies, and other business and nonprofit enterprises located throughout the Americas and Europe. These services enable merchants to accept credit and debit cards and other electronic payment methods as payment for their products and services by providing terminal devices, card authorization, data capture, funds settlement, risk management, fraud detection, and chargeback services. The Company operates two reportable segments: the Americas and Europe. (b) Basis of Presentation and Use of Estimates The accompanying unaudited condensed consolidated balance sheets as of September 30, 2020 and December 31, 2019, the unaudited condensed consolidated statements of operations and comprehensive income (loss) for the three and nine months ended September 30, 2020 and 2019, the unaudited condensed consolidated statement of changes in equity (deficit) for the three and nine months ended September 30, 2020 and 2019, and the unaudited condensed consolidated statements of cash flows for the nine months ended September 30, 2020 and 2019 reflect all adjustments that are of a normal, recurring nature and that are considered necessary for a fair presentation of the results for the periods shown in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and the applicable rules and regulations of the U.S. Securities and Exchange Commission (the “SEC”) for interim financial reporting periods. Accordingly, certain information and footnote disclosures have been condensed or omitted in accordance with SEC rules that would ordinarily be required under U.S. GAAP for complete financial statements. The unaudited interim condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2019. The preparation of the unaudited condensed consolidated financial statements in conformity with U.S. GAAP requires management to make certain estimates and assumptions that affect the reported assets and liabilities, as of the date of the unaudited condensed consolidated financial statements, and the reported amounts of revenue and expenses during the period. Actual results could differ from those estimates. Estimates used for accounting purposes include, but are not limited to, valuation of redeemable non-controlling interests (“RNCI”), evaluation of realizability of deferred tax assets, determination of liabilities under the tax receivable agreement, determination of liabilities and corresponding right-of-use assets arising from lease agreements, determination of assets or liabilities arising from derivative transactions, determination of fair value of share-based compensation, establishment of severance liabilities, establishment of allowance for doubtful accounts, and assessment of recoverability of long-lived assets. (c) Principles of Consolidation The accompanying unaudited condensed consolidated financial statements include the accounts of the Company. As the sole managing member of EVO, LLC, the Company exerts control over the Group. In accordance with Accounting Standards Codification (“ASC”) 810, Consolidation ​ (d) Cash and Cash Equivalents, Settlement-Related Cash, and Merchant Reserves Cash and cash equivalents include all cash balances and highly liquid securities with original maturities of three months or less. Cash balances often exceed federally insured limits; however, concentration of credit risk is limited due to the payment of funds on the day following receipt in satisfaction of the settlement process. Included in cash and cash equivalents are settlement-related cash and merchant reserves. ​ Settlement-related cash represents funds that the Company holds when the incoming amount from the card networks precedes the funding obligation to the merchant. Settlement-related cash balances are not restricted, however these funds are generally paid out in satisfaction of settlement processing obligations and therefore are not available for general purposes. As of September 30, 2020 and December 31, 2019, settlement-related cash balances were $132.9 million and $178.8 million, respectively. ​ Merchant reserves represent funds collected from the Company’s merchants that serve as collateral to minimize contingent liabilities associated with any losses that may occur under the respective merchant agreements. While this cash is not restricted in its use, the Company believes that maintaining the merchant reserves to collateralize merchant losses strengthens its fiduciary standings with its card network sponsors (“Member Banks”) and is in accordance with the guidelines set by the card networks. As of September 30, 2020 and December 31, 2019, merchant reserves were $105.0 million and $85.8 million, respectively. ​ (e ) Derivatives The Company recognizes derivatives on the consolidated balance sheets at fair value. The accounting for changes in the fair value of derivatives depends on the intended use of the derivative, whether the Company has elected to designate a derivative in a hedging relationship and apply hedge accounting and whether the hedging relationship has satisfied the criteria necessary to apply hedge accounting. ​ Derivatives designated and qualifying as a hedge of the exposure to variability in expected future cash flows, or other types of forecasted transactions, are considered cash flow hedges. Hedge accounting generally provides for the matching of the timing of gain or loss recognition on the hedging instrument with the recognition of the changes in the fair value of the hedged asset or liability that are attributable to the earnings effect of the hedged forecasted transactions in a cash flow hedge. ​ The Company entered into an interest rate swap to manage a portion of the exposure to the fluctuations in the London Interbank Offered Rate (“LIBOR”) interest rates associated with the Company’s variable-rate term loan. The Company designated the interest rate swap as a cash flow hedge involving the receipt of variable amounts from a counterparty in exchange for the Company making fixed-rate payments over the life of the agreement without exchange of the underlying notional amount. The Company also formally evaluates, both at the inception of the hedge and quarterly, whether the interest rate swap is highly effective in offsetting changes in cash flows of the related underlying exposure. ​ Changes in the fair value of a derivative that is designated as, and meets all the required criteria for, a cash flow hedge are recorded in accumulated other comprehensive loss and reclassified into earnings as the underlying hedged item affects earnings. ​ Refer to Note 14, “Derivatives,” and Note 18, “Fair Value,” for further information on the interest rate swap. (f) Investment in equity securities The Company’s accounting treatment for investments in equity securities differs for those with and without readily determinable fair values. Investments in equity securities with readily determinable fair values are recorded at fair value on the consolidated balance sheets with changes in fair value at each reporting period recognized on the consolidated statements of operations. Investments in equity securities without readily determinable fair value are recorded at cost, less impairment, if any, plus or minus observable price changes in orderly transactions of an identical or similar investment of the same issuer. (g) Recent Accounting Pronouncements New accounting pronouncements issued by the Financial Accounting Standards Board (the “FASB”) or other standards setting bodies are adopted as of the specified effective date. Unless otherwise discussed, the Company believes that the impact of recently issued standards that are not yet effective will not have a material impact on the Company’s consolidated financial statements upon adoption. Recently Adopted Accounting Pronouncements Credit Losses ​ In June 2016, the FASB issued ASU 2016-13, Financial Instruments – Credit Losses: Measurement of Credit Losses on Financial Instruments ​ Fair Value Measurement ​ In August 2018, the FASB issued ASU 2018-13, Fair Value Measurement: Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement Fair Value Measurement ​ Internal Use Software ​ In August 2018, the FASB issued ASU 2018-15, Intangibles – Goodwill and Other – Internal-Use Software: Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract ​ Recently Issued Accounting Pronouncements Not Yet Adopted Simplifying the Accounting for Income Taxes ​ In December 2019, the FASB issued ASU 2019-12, Simplifying the Accounting for Income Taxes ​ Reference Rate Reform ​ In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform ​ Investments, Joint Ventures, and Derivatives and Hedging ​ In January 2020, the FASB issued ASU 2020-01, Investments - Equity Securities (Topic 321), Investments - Equity Method and Joint Ventures (Topic 323), and Derivatives and Hedging (Topic 815), ​ Convertible Instruments and Contracts in an Entity’s Own Equity ​ In August 2020, the FASB issued ASU 2020-06, Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity

Revenue

Revenue	9 Months Ended
	Sep. 30, 2020
Revenue
Revenue	(2) Revenue The Company primarily earns revenue from payment processing services, and has contractual agreements with its customers that set forth the general terms and conditions of the service relationship, including line item pricing, payment terms and contract duration. The Company also earns revenue from the sale and rental of electronic point-of-sale (“POS”) equipment. The revenue recognized from the sale and rental of POS equipment totaled $10.1 million and $ 12.2 29.4 32.4 The table below presents a disaggregation of the Company’s revenue by segment and by division. The Company’s divisions are as follows: ● Direct – Represents the direct solicitation of merchants through referral relationships, including financial institutions and the Company’s direct sales channel. The Company has long-term, exclusive referral relationships with leading financial institutions that represent thousands of branch locations which actively pursue new merchant relationships on the Company’s behalf. The Company also has referral arrangements with independent sales organizations (“ISO”) that refer merchants to the Company. The Company utilizes a direct sales team, including outbound telesales, to build and maintain relationships with its merchants and referral partners. ● Tech-enabled – Represents merchants requiring a technical integration at the point of sale between the Company and a third party software vendor whereby the third party passes information to our systems to enable payment processing. These merchant acquiring arrangements are supported by partnerships with independent software providers, integrated software dealers, and eCommerce gateway providers. In the United States, this division also supports business-to-business customers via proprietary solutions sold directly to merchants and via enterprise resource planning software dealers and integrators. ● Traditional – Represents the Company’s heritage United States portfolio composed primarily of ISO relationships. The Company is not focused on this sales model and it will represent an increasingly smaller portion of the business over time. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, 2020 ​ Nine Months Ended September 30, 2020 ​ ​ Americas Europe Total Americas Europe Total ​ ​ (In thousands) ​ (In thousands) Divisions: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Direct ​ $ 31,561 ​ $ 37,714 ​ $ 69,275 ​ $ 93,548 ​ $ 94,479 ​ $ 188,027 Tech-enabled ​ ​ 31,248 ​ 10,474 ​ 41,722 ​ ​ 88,569 ​ 26,337 ​ 114,906 Traditional ​ 5,979 — 5,979 ​ 19,495 — 19,495 Totals ​ $ 68,788 $ 48,188 $ 116,976 ​ $ 201,612 $ 120,816 $ 322,428 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, 2019 ​ Nine Months Ended September 30, 2019 ​ ​ Americas Europe Total Americas Europe Total ​ ​ (In thousands) ​ (In thousands) Divisions: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Direct ​ $ 38,025 ​ $ 36,383 ​ $ 74,408 ​ $ 113,246 ​ $ 105,248 ​ $ 218,494 Tech-enabled ​ ​ 28,914 ​ 10,958 ​ 39,872 ​ ​ 84,912 ​ 28,507 ​ 113,419 Traditional ​ 8,083 — 8,083 ​ 24,485 — 24,485 Totals ​ $ 75,022 $ 47,341 $ 122,363 ​ $ 222,643 $ 133,755 $ 356,398 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Settlement Processing Assets an

Settlement Processing Assets and Obligations	9 Months Ended
	Sep. 30, 2020
Settlement Processing Assets and Obligations
Settlement Processing Assets and Obligations	(3) Settlement Processing Assets and Obligations Settlement processing assets and obligations represent intermediary balances within the settlement process involving the movement of funds between consumers, card issuers, card networks, the Company, and its merchants. The Company processes funds settlement through two models, the sponsorship model and the direct membership model. ​ In certain markets, the Company operates under the sponsorship of Member Banks to process transactions through card networks such as Visa and MasterCard. As such, the Company has an agreement with these banks which dictates the sponsorship services to be provided to the Company. It is the responsibility of the Member Bank to ensure that the Company is in adherence with card network standards. The sponsoring Member Bank serves as the acquiring bank (“Acquiring Bank”) under this model. ​ In other markets, the Company has direct membership with the various card networks and performs the process of funds settlement. As a direct member, it is the Company’s responsibility to adhere to the standards of the card networks. The Company serves as the Acquiring Bank under the direct membership model. ​ The card networks operate as an intermediary between the card issuing banks and the Acquiring Banks, whereby funds are received by the card issuing banks and remitted to the Acquiring Bank via the card networks on a daily basis. The Company then remits these funds to its merchants, either through a Member Bank under the sponsorship model, or directly to merchants under the direct membership model. Incoming funds due from the card networks on behalf of the card issuing bank are classified as receivables from card networks in the table below, whereas the funds due from the Company to its merchants are classified as settlement liabilities due to merchants. ​ The Company enters into agreements with its merchants which outline the fees charged by the Company for processing payment transactions and performing funds settlement. Under the sponsorship model, these agreements are between the Company, the Member Bank, and the merchant, whereas under the direct membership model, these agreements are exclusively between the Company and the merchant. Fees are either settled daily or monthly on a net basis or monthly through an invoice arrangement. Receivables from merchants as presented below represent amounts either net settled or invoiced to the Company’s merchants related to the various fees associated with the payment processing and funds settlement services provided by the Company. ​ As described in Note 1, “Description of Business and Summary of Significant Accounting Policies,” the Company collects funds from merchants that serve as collateral to mitigate potential future losses, and recognizes a corresponding liability which is presented as merchant reserves within the settlement processing obligations. Refer to table below. ​ While receivables from card networks and settlement liabilities due to merchants represent intermediary balances in the transaction settlement process, timing differences, interchange expense, merchant reserves and exception items cause differences between the amount the Member Banks receive from the card networks and the amount funded to merchants. ​ A summary of settlement processing assets and obligations is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ 2020 2019 ​ ​ (In thousands) Settlement processing assets: ​ ​ Receivable from card networks ​ $ 199,710 $ 232,458 Receivable from merchants ​ 88,888 96,179 Totals ​ $ 288,598 $ 328,637 ​ ​ ​ ​ ​ ​ ​ Settlement processing obligations: ​ ​ Settlement liabilities due to merchants ​ $ (317,053) $ (363,545) Merchant reserves ​ (104,968) (85,757) Totals ​ $ (422,021) $ (449,302) ​

Earnings Per Share

Earnings Per Share	9 Months Ended
	Sep. 30, 2020
Earnings Per Share
Earnings Per Share	(4) Earnings Per Share Basic earnings per share of Class A common stock is calculated pursuant to the two-class method as a result of the issuance of the Series A Convertible Preferred Stock (the “Preferred Stock”) on April 21, 2020. The Preferred Stock is considered a participating security because the holders of Preferred Stock are entitled, on an as-converted basis, to participate in and receive any dividends declared or paid on the Class A common stock, and no dividends may be paid to holders of Class A common stock unless full participating dividends are concurrently paid to holders of Preferred Stock. The two-class method is an earnings allocation formula that determines earnings per share for common stock and participating securities according to dividend and participation rights in undistributed earnings. Under this method, all earnings, distributed and undistributed, are allocated to common stock and participating securities based on their respective rights to receive dividends. The Preferred Stock is not included in the computation of basic earnings per share in periods in which the Company reports a net loss, as the Preferred Stock holders are not contractually obligated to share in the net losses. However, the cumulative dividends that accrete on the Preferred Stock for the period reduce the net income or increase the net loss allocated to common stockholders. The Company applies a discrete-period basis to allocate the earnings in the interim period, under which each interim period is treated in the same manner as an annual period is treated in a year-to-date calculation of earnings per share. Earnings per share is not separately presented for Class B common stock, Class C common stock, and Class D common stock since they have no economic rights to the earnings of the Company. ​ Diluted earnings per share of Class A common stock is calculated using the more dilutive of the (a) treasury stock method and as-converted method or (b) the two-class method. Class B common stock is not considered when calculating diluted earnings per share as this class of common stock may not convert to Class A common stock. Class C common stock and Class D common stock are considered in the calculation of diluted earnings per share on an if-converted basis as these classes, together with the related LLC Interests, have exchange rights that could result in additional shares of Class A common stock being issued. Potentially dilutive shares issuable upon conversion of the Preferred Stock are considered in the calculation of diluted earnings per share on an if-converted basis. All other potentially dilutive securities are determined based on the treasury stock method. ​ Refer to Note 16, “Redeemable Preferred Stock,” and Note 21, “Shareholders’ Equity,” for further information on rights to each class of common stock and preferred stock. ​ The following table sets forth the computation of the Company's basic and diluted earnings per share of Class A common stock, as well as the anti-dilutive shares excluded (in thousands, except share and per share data): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, ​ Nine Months Ended September 30, Three Months Ended September 30, ​ Nine Months Ended September 30, ​ ​ 2020 ​ 2019 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Numerator: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income (loss) attributable to EVO Payments, Inc. ​ $ 5,839 ​ $ (2,740) ​ $ (1,844) ​ $ (6,671) Less: Accrual of redeemable preferred stock paid-in-kind dividends ​ ​ 2,360 ​ ​ 4,131 ​ ​ — ​ ​ — Less: Allocation of undistributed earnings to preferred shares ​ ​ 663 ​ ​ — ​ ​ — ​ ​ — Undistributed earnings (loss) attributable to shares of Class A common stock ​ $ 2,816 ​ $ (6,871) ​ $ (1,844) ​ $ (6,671) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Denominator: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted-average Class A common stock outstanding ​ 41,675,929 ​ 41,445,566 ​ 34,634,567 ​ 30,996,506 Effect of dilutive securities ​ 960,687 ​ — ​ — ​ — Total dilutive securities ​ ​ 42,636,616 ​ ​ 41,445,566 ​ ​ 34,634,567 ​ ​ 30,996,506 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Earnings per share: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic ​ $ 0.07 ​ $ (0.17) ​ $ (0.05) ​ $ (0.22) Diluted ​ $ 0.07 ​ $ (0.17) ​ $ (0.05) ​ $ (0.22) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted-average anti-dilutive securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Redeemable preferred stock ​ ​ 152,250 ​ ​ 90,572 ​ ​ — ​ ​ — Stock options ​ ​ — ​ ​ 5,013,228 ​ ​ 3,307,082 ​ ​ 3,002,231 RSUs ​ ​ — ​ ​ 1,169,696 ​ ​ 844,616 ​ ​ 790,719 RSAs ​ ​ — ​ ​ 4,323 ​ ​ 14,672 ​ ​ 22,359 Class C common stock ​ ​ 2,103,664 ​ ​ 2,246,332 ​ ​ 2,327,511 ​ ​ 2,399,326 Class D common stock ​ ​ 4,490,812 ​ ​ 4,392,211 ​ ​ 10,019,169 ​ ​ 12,829,719 ​

Tax Receivable Agreement

Tax Receivable Agreement	9 Months Ended
	Sep. 30, 2020
Tax Receivable Agreement
Tax Receivable Agreement	(5) Tax Receivable Agreement In connection with the IPO, the Company entered into a Tax Receivable Agreement (“TRA”) that requires the Company to make payments to the Continuing LLC Owners that are generally equal to 85% of the applicable cash tax savings, if any, realized as a result of favorable tax attributes that will be available to the Company as a result of the Reorganization Transactions, exchanges of LLC Interests and paired Class C common stock or paired Class D common stock for Class A common stock, purchases or redemptions of LLC Interests, and payments made under the TRA. Payments will occur only after the filing of U.S. federal and state income tax returns and realization of cash tax savings from the favorable tax attributes. Due to net losses attributable to the Company in prior years, there were no realized tax savings attributable to the TRA, therefore no payments have been made related to the TRA obligation. ​ As a result of the purchases of LLC Interests and the exchanges of LLC Interests and paired shares of Class C common stock and paired Class D common stock for shares of Class A common stock sold in connection with and following the IPO, through September 30, 2020, the Company’s deferred tax asset and payment liability pursuant to the TRA were approximately $178.6 million ($ 164.8 ​ For the TRA, the cash savings realized by the Company are computed by comparing the actual income tax liability of the Company to the amount of such taxes the Company would have been required to pay had there been no increase to the tax basis of the assets from member exchanges or sales of LLC Interests, and no tax benefit as a result of the Net Operating Losses (“NOLs”) generated by the increase in the Company’s tax basis of the assets in EVO, LLC. Subsequent adjustments of the TRA obligations due to certain events (e.g., changes to the expected realization of NOLs or changes in tax rates) will be recognized within other (expense) income in the unaudited condensed consolidated statements of operations and comprehensive income (loss). ​ ​

Acquisitions

Acquisitions	9 Months Ended
	Sep. 30, 2020
Acquisitions
Acquisitions	(6) Acquisitions ​ The Company determined t he pro forma impact of the acquisitions below was not significant individually and in the aggregate, to the Company’s operating results and is, therefore, not separately presented. 2019 Acquisitions (a) Delego Software ULC In September 2019, a subsidiary of EVO, Inc. acquired 100% of the outstanding shares of Delego Software ULC (“Delego”), an unlimited liability company governed by the laws of the Province of British Columbia, Canada, for CAD 42.6 million ($32.4 million, based on the foreign exchange rate at the time of the acquisition), which was funded with cash drawn from the Company’s debt facilities and fully paid at closing. The acquisition of Delego expands the Company’s integrated payment solutions business as Delego is a provider of SAP integrated payments for business to business customers. The results of operations of Delego are included in the Company’s consolidated statement of operations and comprehensive income (loss) from the date of the acquisition in the Company’s Americas segment through the end of the period. ​ The purchase price allocation, which was finalized during the quarter ended June 30, 2020, is provided within the table below: ​ ​ ​ ​ ​ ​ ​ ​ As of the ​ Estimated ​ ​ acquisition date ​ Useful Life Finite-lived intangible assets ​ (In thousands ) ​ ​ Acquired software ​ $ 8,513 ​ 7 years Customer relationships ​ ​ 2,964 ​ 15 years Trademarks ​ ​ 836 ​ 2 years Deferred tax liabilities ​ ​ (3,176) ​ ​ Other assets, net ​ ​ 590 ​ ​ Goodwill ​ ​ 22,688 ​ ​ Total purchase price ​ $ 32,415 ​ ​ ​ ​ ​ ​ ​ ​ Goodwill in the amount of $22.7 million represents the excess of the purchase price over the fair value of the net tangible and intangible assets acquired. In the final purchase price allocation, the Company recorded an additional deferred tax liability with an increase to goodwill of less than $0.1 million based on the review of Delego’s historical tax records. Goodwill generated from the Delego acquisition is deductible for U.S. income tax purposes. (b) SF Systems In July 2019, a subsidiary of EVO, Inc. completed the acquisition of 100% of SF Systems, S.A.P.I. (“SF Systems”) for total consideration of $5.0 million, which included an upfront payment of $4.0 million and a holdback liability of $1.0 million payable 18 months after the closing date. Net assets acquired in the SF Systems acquisition included purchased software of $2.6 million with a useful life of 5 years and goodwill of $2.4 million. Goodwill generated from the SF Systems acquisition is deductible for United States income tax purposes. SF Systems is presented in the Company’s Americas segment. (c) Way2Pay Ltd In March 2019, a subsidiary of EVO, Inc. completed the acquisition of 100% of the outstanding shares of Way2Pay Ltd (“Way2Pay”) for total consideration of €3.0 million ($3.4 million, based on the foreign exchange rate at the time of the acquisition), which included an upfront payment of €2.7 million and a holdback liability of €0.3 million payable 18 months after the date of the agreement. The holdback was paid in full during the quarter ended September 30, 2020. Net assets acquired in the Way2Pay acquisition included purchased software of $4.0 million with a useful life of 5 years and liabilities of $0.6 million. Way2Pay is presented in the Company’s Europe segment.

Leases

Leases	9 Months Ended
	Sep. 30, 2020
Leases
Leases	(7) Leases As of December 31, 2019, the Company retroactively adopted ASC 842 effective January 1, 2019, using the modified retrospective transition method. The Company elected to account for lease and nonlease components in a lease arrangement as a combined lease component for all classes of leased assets. Refer to Note 1, “Description of Business and Summary of Significant Accounting Policies,” to the consolidated financial statements in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2019 for further discussion. ​ The Company’s leases consist primarily of real estate and personal property leases throughout the markets in which the Company operates. At contract inception, the Company determines whether an arrangement is or contains a lease, and for each identified lease, evaluates the classification as operating or financing. The Company has no finance leases as of September 30, 2020 and December 31, 2019. Leased assets and obligations are recognized at the lease commencement date based on the present value of fixed lease payments to be made over the term of the lease. Renewal and termination options are factored into determination of the lease term only if the option is reasonably certain to be exercised. The weighted-average remaining lease term was 6.94 years and 7.79 years at September 30, 2020 and December 31, 2019, respectively. The Company has no significant short-term leases as of September 30, 2020 and December 31, 2019. ​ The Company’s leases do not provide a readily determinable implicit interest rate and therefore, the Company uses its incremental borrowing rate to measure the lease liability and corresponding right-of-use asset. The incremental borrowing rates were determined based on a portfolio approach considering the Company’s current secured borrowing rate adjusted for market conditions and the length of the lease term. The weighted-average discount rates used in the measurement of the lease liabilities were 6.46% and 6.67% as of September 30, 2020 and December 31, 2019, respectively. ​ Operating lease cost is recognized on a straight-line basis over the lease term. Operating lease costs for the three months ended September 30, 2020 and 2019 were $2.7 million and $3.1 million, respectively, in each period, and are included in selling, general and administrative expenses in the unaudited condensed consolidated statement of operations and comprehensive income (loss). Operating lease costs for the nine months ended September 30, 2020 and 2019 were $8.5 million and $ 8.7 0.7 1.6 ​ Cash paid for amounts included in the measurement of operating lease liabilities for the nine months ended September 30, 2020 and 2019 was $ 8.1 ​ As of September 30, 2020, maturities of lease liabilities are as follows: ​ ​ ​ ​ ​ ​ ​ (In thousands) Years ending: ​ ​ 2020 (remainder of the year) $ 1,720 2021 ​ 8,600 2022 ​ 8,285 2023 ​ 6,178 2024 ​ 5,368 2025 and thereafter ​ 17,130 Total future minimum lease payments (undiscounted) ​ 47,281 Less: present value discount ​ (9,783) Present value of lease liability $ 37,498 ​

Equipment and Improvements

Equipment and Improvements	9 Months Ended
	Sep. 30, 2020
Equipment and Improvements
Equipment and Improvements	(8) Equipment and Improvements Equipment and improvements consisted of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Estimated ​ ​ ​ ​ ​ ​ ​ ​ Useful ​ ​ ​ ​ ​ ​ ​ ​ Lives in ​ September 30, ​ December 31, ​ ​ Years ​ 2020 ​ 2019 ​ ​ ​ ​ (In thousands) Card processing equipment 3-5 ​ $ 138,694 $ 137,190 Office equipment ​ 3-5 ​ ​ 44,539 ​ ​ 42,561 Computer software 3 ​ 42,836 42,621 Leasehold improvements various ​ 19,090 17,870 Furniture and fixtures 5-7 ​ 4,518 6,019 Totals ​ ​ ​ 249,677 246,261 Less accumulated depreciation ​ ​ ​ (177,106) (155,323) Foreign currency translation adjustment ​ ​ ​ (724) 3,526 Totals ​ ​ ​ $ 71,847 $ 94,464 ​ Depreciation expense related to equipment and improvements were $9.9 million and $10.0 million for the three months ended September 30, 2020 and 2019, respectively. Depreciation expense related to equipment and improvements were $ 29.8 ​ In the nine months ended September 30, 2020, equipment and improvements, gross, and accumulated depreciation were each reduced by $9.3 million and $8.0 10.8

Goodwill and Intangible Assets

Goodwill and Intangible Assets	9 Months Ended
	Sep. 30, 2020
Goodwill and Intangible Assets
Goodwill and Intangible Assets	(9) Goodwill and Intangible Assets Intangible assets, net consist of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2020 ​ ​ Gross carrying value ​ Accumulated amortization ​ Accumulated impairment charges ​ Translation and other adjustments ​ Net ​ ​ (In thousands) Merchant contract portfolios and customer relationships ​ $ 293,581 ​ $ (176,230) ​ $ (5,685) ​ $ (33,219) ​ $ 78,447 Marketing alliance agreements ​ ​ 186,081 ​ ​ (66,518) ​ ​ (7,557) ​ ​ (23,856) ​ ​ 88,150 Trademarks, definite-lived ​ ​ 21,629 ​ ​ (10,583) ​ ​ (901) ​ ​ (3,442) ​ ​ 6,703 Internally developed and acquired software ​ ​ 89,083 ​ ​ (36,007) ​ ​ (10,191) ​ ​ (2,440) ​ ​ 40,445 Non-compete agreements ​ ​ 6,462 ​ ​ (6,403) ​ ​ - ​ ​ 1 ​ ​ 60 Total ​ $ 596,836 ​ $ (295,741) ​ $ (24,334) ​ $ (62,956) ​ $ 213,805 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2019 ​ ​ Gross carrying value ​ Accumulated amortization ​ Accumulated impairment charges ​ Translation and other adjustments ​ Net ​ ​ (In thousands) Merchant contract portfolios and customer relationships ​ $ 296,033 ​ $ (163,358) ​ $ (7,089) ​ $ (26,347) ​ $ 99,239 Marketing alliance agreements ​ ​ 191,879 ​ ​ (59,545) ​ ​ (11,920) ​ ​ (17,468) ​ ​ 102,946 Trademarks, definite-lived ​ ​ 29,493 ​ ​ (13,129) ​ ​ (2,631) ​ ​ (4,600) ​ ​ 9,133 Internally developed and acquired software ​ ​ 84,060 ​ ​ (26,042) ​ ​ (10,190) ​ ​ (2,110) ​ ​ 45,718 Non-compete agreements ​ ​ 6,462 ​ ​ (5,938) ​ ​ - ​ ​ - ​ ​ 524 Trademarks, indefinite-lived ​ ​ 18,499 ​ ​ - ​ ​ (18,499) ​ ​ - ​ ​ - Total ​ $ 626,426 ​ $ (268,012) ​ $ (50,329) ​ $ (50,525) ​ $ 257,560 ​ As of September 30, 2020, the gross carrying value of merchant contract portfolios and customer relationships, marketing alliance agreements, and definite and indefinite-lived trademarks were reduced by $ 2.4 5.8 7.9 18.5 ​ Amortization expense related to intangible assets was $ 12.3 34.3 ​ Estimated amortization expense to be recognized during each of the five years subsequent to September 30, 2020: ​ ​ ​ ​ ​ ​ ​ ​ (In thousands) Years ending: ​ 2020 (remainder of the year) ​ $ 11,920 2021 ​ 40,895 2022 ​ 33,704 2023 ​ 28,148 2024 ​ ​ 17,388 2025 and thereafter ​ 81,750 Total ​ $ 213,805 ​ For the three months ended September 30, 2020, there were no impairments. For the nine months ended September 30, 2020, the Company recognized an impairment charge of $0.8 million related to the retirement of certain trademarks driven by internal reorganization. Impairment charges related to intangible assets were $3.9 million and $10.5 million for the three and nine months ended September 30, 2019, respectively. ​ The following represents intangible assets, net by segment: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ 2020 2019 ​ ​ (In thousands) Intangible assets, net: ​ ​ Americas ​ ​ Merchant contract portfolios and customer relationships ​ $ 58,398 $ 74,791 Marketing alliance agreements ​ 61,056 72,272 Trademarks, definite-lived ​ ​ 1,689 ​ ​ 2,994 Internally developed and acquired software ​ 25,161 28,697 Non-compete agreements ​ ​ 39 ​ ​ 489 Total ​ 146,343 179,243 ​ ​ Europe ​ Merchant contract portfolios and customer relationships ​ 20,049 24,448 Marketing alliance agreements ​ 27,094 30,674 Trademarks, definite-lived ​ ​ 5,014 ​ ​ 6,139 Internally developed and acquired software ​ 15,284 17,021 Non-compete agreements ​ ​ 21 35 Total ​ 67,462 78,317 ​ ​ ​ ​ ​ ​ ​ Total intangible assets, net ​ $ 213,805 $ 257,560 ​ Goodwill activity for the nine months ended September 30, 2020, in total and by reportable segment, was as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Reportable Segment ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Americas ​ Europe ​ Total ​ ​ (In thousands) Goodwill, gross, as of December 31, 2019 ​ $ 268,049 $ 135,080 $ 403,129 Accumulated impairment losses ​ — (24,291) (24,291) Goodwill, net, as of December 31, 2019 ​ 268,049 110,789 378,838 Business combinations ​ 61 — 61 Foreign currency translation adjustment ​ (6,846) 268 (6,578) Goodwill, net, as of September 30, 2020 ​ $ 261,264 $ 111,057 $ 372,321 ​ ​ ​ In June 2020, the Company recorded a measurement period adjustment related to the Delego acquisition which increased the goodwill by less than $0.1 million. Refer to Note 6, “Acquisitions,” for further discussion.

Accounts Payable and Accrued Ex

Accounts Payable and Accrued Expenses	9 Months Ended
	Sep. 30, 2020
Accounts Payable and Accrued Expenses
Accounts Payable and Accrued Expenses	(10) Accounts Payable and Accrued Expenses The Company’s accounts payable and accrued expenses consisted of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ ​ 2020 2019 ​ ​ (In thousands) Compensation and related benefits ​ $ 21,726 $ 18,460 Third-party processing and payment network fees ​ 42,003 36,409 Trade payables ​ 5,741 11,571 Taxes payable ​ 9,699 18,556 Commissions payable to third parties and agents ​ 15,195 15,030 Unearned revenue ​ 4,302 4,309 Other ​ ​ 15,950 19,328 Total accounts payable and accrued expenses ​ $ 114,616 ​ $ 123,663 ​

Related Party Transactions

Related Party Transactions	9 Months Ended
	Sep. 30, 2020
Related Party Transactions
Related Party Transactions	(11) Related party balances consist of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ 2020 2019 ​ ​ (In thousands) Due from related parties, current ​ $ 630 $ 1,125 Due to related parties, current ​ ​ (4,429) ​ (7,325) Due to related parties, long-term ​ ​ (185) ​ (385) ​ Due from related parties, current, consists of receivables due from non-controlling interest holders of consolidated subsidiaries. Due to related parties, current, consists of $3.3 million and $5.5 million as of September 30, 2020 and December 31, 2019, respectively, primarily due to non-controlling interest holders of consolidated subsidiaries, and $1.1 million and $1.8 million as of September 30, 2020 and December 31, 2019, respectively, representing commissions payable to unconsolidated investees of the Company. Due to related parties, long-term, consists of ISO commission reserves. ​ The Company leases office space located at 515 Broadhollow Road in Melville, New York from 515 Broadhollow, LLC. 515 Broadhollow, LLC is majority owned, directly and indirectly, by the Company’s chairman. As of September 30, 2020 and December 31, 2019, the liability related to this lease amounted to $3.3 million and $4.1 million, respectively, and is included in the operating lease liabilities on the unaudited condensed consolidated balance sheets. The Company subleases a portion of this office space to an unconsolidated investee. Sublease income was less than $0.1 million for the three and nine months ended September 30, 2020 and 2019. ​ The Company leases vehicles from the non-controlling interest holder of a consolidated subsidiary. As of September 30, 2020 and December 31, 2019, these lease liabilities amounted to $ 0.3 A portion of the TRA obligation is payable to members of management and current employees. Refer to Note 5, “Tax Receivable Agreement,” for further information on the tax receivable agreement. Related party commission expense incurred with unconsolidated investees of the Company amounted to $ 3.1 12.0 15.0 million for the nine months ended September 30, 2020 and 2019, respectively. The sale of equipment and services to these unconsolidated investees amounted to less than $0.1 million and $0.1 million for the three months ended September 30, 2020 and 2019, respectively. The sale of equipment and services to these unconsolidated investees amounted to less than $ 0.1 0.3 ​ The Company provides certain professional and other services to Blueapple Inc. (“Blueapple”), a member of EVO, LLC and owner of all outstanding shares of Class B common stock of EVO, Inc. Blueapple is controlled by entities affiliated with the Company’s founder and chairman, Rafik R. Sidhom. The expense related to these services was less than $0.1 million for the three months ended September 30, 2020 and 2019. The expense related to these services was $0.1 million and $0.2 million for the nine months ended September 30, 2020 and 2019, respectively. The Company, through two wholly owned subsidiaries and one unconsolidated investee, conducts business under ISO agreements with a relative of the Company’s founder and chairman pursuant to which the relative of the Company’s founder and chairman provides certain marketing services and equipment in exchange for a commission based on the volume of transactions processed for merchants acquired by the relative of the Company’s founder and chairman. For the three months ended September 30, 2020 and 2019, the Company paid commissions of $0.2 million and $ 0.1 ​ NFP is the Company’s benefit and insurance broker and 401(k) manager. NFP is a portfolio company of MDP and one of the Company’s executive officers owns a minority interest in NFP. For the three months ended September 30, 2020 and 2019, the Company paid $0.1 million in commissions and other expenses to NFP. For the nine months ended September 30, 2020 and 2019, the Company paid $0.3 million and $ 0.2 ​ On April 21, 2020, the Company issued 152,250 shares of Preferred Stock to an affiliate of MDP for a purchase price of $985.221685 per share. The Company also reimbursed MDP for $0.8 million of expenses in connection with the offer and sale of the Preferred Stock. Refer to Note 16, “Redeemable Preferred Stock,” for additional details regarding the transaction. ​ On August 4, 2020, the Company sold the entirety of its 25% equity interest in Omega Processing Solutions, L.L.C., one of its unconsolidated investees, for cash proceeds of $1.6 million. The Company recognized a net gain of $0.3 million on the sale of this investment. ​

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2020
Income Taxes
Income Taxes	(12) Income Taxes In accordance with ASC 740, Income Taxes The Company’s effective tax rate (“ETR”) was 31.72% and (141.12)% for the three and nine months ended September 30, 2020, respectively. 0.4 2.2 Management assesses the available and objectively verifiable evidence to estimate whether sufficient future taxable income will be generated to use existing deferred tax assets. A significant piece of objective, negative evidence evaluated was the cumulative loss incurred in certain jurisdictions over the preceding twelve quarters ended September 30, 2020. Such objective evidence limits the ability to consider other subjective evidence such as the Company’s projections of future growth. As a result, the Company considered both (i) historical core earnings, after adjusting for certain nonrecurring items, and (ii) the projected future profitability of its core operations after taking into account the Company’s recovery from the COVID-19 pandemic and the impact of enacted changes in the application of the interest expense limitation rules beginning in 2022. The Company has established $6.5 million of valuation allowances in the current and prior periods to reduce the carrying amount of deferred tax assets to an amount that is more likely than not to be realized in certain European jurisdictions and the US interest limitation carryforward. Release of a valuation allowance would result in the realization of all or a portion of the related deferred tax assets and a decrease to income tax expense for the period in which the release is recorded. ​ ​

Long-Term Debt and Lines of Cre

Long-Term Debt and Lines of Credit	9 Months Ended
	Sep. 30, 2020
Long-Term Debt and Lines of Credit
Long-Term Debt and Lines of Credit	(13) Long-Term Debt and Lines of Credit Credit Facility ​ The Company has entered into a first lien senior secured credit facility and a second lien senior secured credit facility pursuant to a credit agreement dated December 22, 2016, and amended on October 24, 2017, April 3, 2018, and June 14, 2018 (the “Senior Secured Credit Facilities”). On May 25, 2018, the Company repaid all outstanding amounts under the second lien credit facility using a portion of the proceeds from the IPO. As of September 30, 2020, the Senior Secured Credit Facilities include revolver commitments of $200.0 million and a term loan of $665.0 million that are scheduled to mature in June 2023 and December 2023, respectively. ​ As of September 30, 2020 and December 31, 2019, the Company’s long-term debt consists of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, December 31, ​ ​ 2020 ​ 2019 ​ ​ (In thousands) First lien term loan ​ $ 592,818 $ 650,891 First lien revolver ​ — ​ 60,987 Less debt issuance costs ​ (8,026) ​ (9,965) Total long-term debt ​ 584,792 ​ 701,913 Less current portion of long-term debt, including accrued interest (1) ​ (4,628) ​ (8,744) Total long-term debt, net of current portion ​ $ 580,164 $ 693,169 ​ (1) Accrued interest of approximately $0.3 million as of September 30, 2020 is presented within accrued expenses on the unaudited condensed consolidated balance sheet. On April 21, 2020, the Company repaid all outstanding amounts under the revolving credit facility using a portion of the proceeds from the issuance of Preferred Stock. On September 30, 2020, the Company repaid $50.0 million of the outstanding balance on the first lien term loan, in addition to the regular quarterly payment. Principal payment requirements on the above obligations in each of the years remaining subsequent to September 30, 2020 are as follows: ​ ​ ​ ​ Years ending: ​ (In thousands) 2020 (remainder of the year) ​ $ 1,648 2021 ​ ​ 6,593 2022 ​ 6,593 2023 ​ 577,984 2024 ​ — 2025 and thereafter ​ — Total ​ $ 592,818 ​ ​ ​ ​ ​ The Senior Secured Credit Facilities contain certain customary representations and warranties, affirmative covenants and events of default. If an event of default occurs, the lenders under the Senior Secured Credit Facilities will be entitled to take various actions, including the acceleration of amounts due thereunder and exercise of the remedies on the collateral. As of September 30, 2020, the Company was in compliance with all its financial covenants. ​ The Company maintains intraday and overnight facilities to fund its settlement obligations. These facilities are short-term in nature, have variable interest rates, are subject to annual review and are denominated in local currency but may, in some cases, facilitate borrowings in multiple currencies. At September 30, 2020 and December 31, 2019, the Company had $16.8 million and $33.3 million outstanding under these lines of credit, respectively, with additional capacity of $125.4 million and $133.9 million, respectively, to fund its settlement obligations. The weighted-average interest rates on these borrowings were 3.1% and 4.3% as of September 30, 2020 and December 31, 2019, respectively. ​ Refer to Note 14, "Long-Term Debt and Lines of Credit," to the audited consolidated financial statements in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2019, for discussion regarding the Company’s long-term debt and lines of credit.

Derivatives

Derivatives	9 Months Ended
	Sep. 30, 2020
Derivatives
Derivatives	(14) Derivatives In May 2020, the Company entered into an interest rate swap with a notional amount of $500.0 million to reduce a portion of exposure to fluctuations in LIBOR interest rates associated with our variable-rate term loan. The interest rate swap has a fixed rate of 0.2025% and a maturity date of December 31, 2022. ​ The interest rate swap is designated as an effective cash flow hedge involving the receipt of variable amounts from a counterparty in exchange for the Company making fixed-rate payments over the life of the agreement without exchange of the underlying notional amount. ​ The Company performed a regression analysis at inception of the hedging relationship in which it compared the historical monthly changes in the termination clean price of the actual designated interest rate swap to the historical monthly changes in the termination clean price of a hypothetically perfect interest rate swap with terms that exactly match the hedged transactions and a fair value of zero at its inception using 37 different forward curves. Based on the regression results, the Company determined that the hedging instrument was highly effective at inception. On an ongoing basis, the Company assesses hedge effectiveness prospectively and retrospectively. The hedge continued to be highly effective for the quarter ended September 30, 2020. ​ ​ ​ The interest rate swap is recognized at fair value in the consolidated balance sheets. The table below presents the fair value of the interest rate swap and its classification on the unaudited condensed consolidated balance sheet as of September 30, 2020: ​ ​ ​ ​ ​ ​ ​ September 30, 2020 ​ Balance Sheet ​ Fair Value ​ Location ​ (In thousands) ​ ​ ​ ​ ​ ​ Interest Rate Swap - current portion Accrued expenses $ (272) Interest Rate Swap - long-term portion Other long-term liabilities $ (422) ​ Since the Company designated the swap as an effective cash flow hedge that qualifies for hedge accounting, unrealized gain or loss resulting from adjusting the swap to fair value is recorded as a component of other comprehensive income (loss) and subsequently reclassified into interest expense in the same period during which the hedged transaction affects earnings. Cash flows resulting from settlements are presented as a component of cash flows from operating activities within the unaudited condensed consolidated statements of cash flows. ​ The table below presents the effect of hedge accounting on accumulated other comprehensive income (loss) for the three and nine months ended September 30, 2020: ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, ​ Nine Months Ended September 30, ​ 2020 ​ (In thousands) Beginning accumulated derivative loss in accumulated other comprehensive loss $ (863) ​ $ — Derivative gain (loss) recognized in the current period in accumulated other comprehensive income (loss) ​ 131 ​ ​ (747) Less: Derivative loss reclassified from accumulated other comprehensive loss to interest expense ​ (38) ​ ​ (53) Ending accumulated derivative loss in accumulated other comprehensive loss $ (694) ​ $ (694) ​ ​ ​ The table below presents the effect of hedge accounting on the unaudited condensed consolidated statements of operations and comprehensive income (loss) for the three and nine months ended September 30, 2020: ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, ​ Nine Months Ended September 30, ​ 2020 ​ (In thousands) Total interest expense including the effects of cash flow hedges $ (6,717) ​ $ (23,916) Derivative loss reclassified from accumulated other comprehensive loss into interest expense ​ $ (38) ​ $ (53) ​ The Company estimates that an additional $ 0.3

Supplemental Cash Flows Informa

Supplemental Cash Flows Information	9 Months Ended
	Sep. 30, 2020
Supplemental Cash Flows Information
Supplemental Cash Flows Information	(15) Supplemental Cash Flows Information Supplemental cash flow disclosures and non-cash investing and financing activities are as follows for the nine months ended September 30, 2020 and 2019: ​ ​ ​ ​ ​ ​ ​ ​ ​ 2020 2019 ​ ​ (In thousands) Supplemental disclosure of cash flow data: ​ ​ ​ ​ Interest paid ​ $ 25,391 $ 31,289 Income taxes paid ​ 10,525 14,842 ​ ​ ​ ​ ​ ​ ​ Supplemental disclosure of non-cash investing and financing activities: ​ ​ Operating lease liabilities arising from obtaining new or modified right-of-use assets ​ $ 2,763 ​ $ 16,799 Decrease in operating lease liabilities and corresponding right-of-use assets resulting from lease modifications ​ ​ (6,798) ​ ​ (623) Acquisition holdback payable ​ ​ — ​ 1,337 Accrual of redeemable preferred stock paid-in-kind-dividends ​ ​ 4,131 ​ ​ — Exchanges of Class C and Class D common stock for Class A common stock ​ ​ 9,425 ​ ​ 20,985 Secondary offering ​ ​ — ​ ​ 303,400 ​

Redeemable Preferred Stock

Redeemable Preferred Stock	9 Months Ended
	Sep. 30, 2020
Redeemable Preferred Stock
Redeemable Preferred Stock	(16) Redeemable Preferred Stock ​ On April 21, 2020, the Company issued 152,250 shares of Preferred Stock. The Company received approximately $149.3 million in total net proceeds from the sale of the Preferred Stock and incurred approximately $1.7 million in stock issuance costs as part of the sale. ​ The Preferred Stock ranks senior to the Class A common stock with respect to dividends and distributions on liquidation, winding-up and dissolution. Each share of Preferred Stock had an initial liquidation preference of $1,000 per share. Holders of shares of Preferred Stock are entitled to cumulative, paid-in-kind (“PIK”) dividends, which are payable semi-annually in arrears by increasing the liquidation preference for each outstanding share of Preferred Stock. These PIK dividends accrue at an annual rate of (i) 6.00% per annum for the first ten years and (ii) 8.00% per annum thereafter, subject in each case to a 1.00% per annum increase in the event that approval of the investment by the Company’s stockholders as contemplated by Nasdaq listing rules (“Stockholder Approval”) is not obtained prior to the earlier of the Company’s 2021 annual meeting of stockholders and August 1, 2021. Holders of Preferred Stock are also entitled, on an as-converted basis, to participate in and receive any dividends declared or paid on the Class A Common Stock, and no dividends may be paid to holders of Class A Common Stock unless full participating dividends are concurrently paid to holders of Preferred Stock. ​ The Preferred Stock’s initial carrying value is recorded at a discount to its liquidation preference. In accordance with the SEC’s Staff Accounting Bulletin Topic 5.Q, Increasing Rate Preferred Stock 2.3 4.1 ​ Each holder of Preferred Stock has the right, at its option, to convert its Preferred Stock, in whole or in part, into fully paid and non-assessable shares of Class A Common Stock, at any time and from time to time after the receipt of Stockholder Approval or the consent of the holders of a majority of the Preferred Stock waiving the Company’s requirement to seek Stockholder Approval. The number of shares of Class A Common Stock into which a share of Preferred Stock will convert at any time is equal to the product of (i) the then-effective conversion rate and (ii) the quotient obtained by dividing the sum of the then-effective liquidation preference per share of Preferred Stock and the amount of any accrued and unpaid PIK dividends by the initial liquidation preference of $1,000. The conversion rate of the Preferred Stock was initially set at 63.2911 shares of Class A Common Stock, based on an implied conversion price of $15.80 per share of Class A Common Stock. The conversion rate is subject to customary anti-dilution adjustments, including in the event of any stock split, stock dividend, recapitalization or similar events. The conversion rate is also subject to adjustment for certain antidilutive offerings occurring during the first nine months following the issuance of the Preferred Stock, subject to certain caps set forth in the certificate of designations for the Preferred Stock. The Company has the right to settle any conversion at the request of a holder of Preferred Stock in cash based on the last reported sale price of the Class A Common Stock. ​ Subject to certain conditions, the Company may, at its option, require conversion of all (but not less than all) of the outstanding shares of Preferred Stock to Class A Common Stock if, for at least 20 trading days during the 30 consecutive trading days immediately preceding notification of the election to convert, the last reported closing price of the Company’s Class A common stock is at least (i) 180% of the conversion price prior to the fourth semi-annual PIK dividend payment date, (ii) 170% of the conversion price on or after the fourth and prior to the sixth semi-annual PIK dividend payment date, (iii) 160% of the conversion price on or after the sixth and prior to the eighth semi-annual PIK dividend payment date, or (iv) 150% of the conversion price on or after the eighth semi-annual PIK dividend payment date. If the Company elects to mandatorily convert all outstanding shares of Preferred Stock prior to the sixth semi-annual PIK dividend payment date, then, for purposes of such conversion, the liquidation preference of each outstanding share of Preferred Stock will be increased by the compounded amount of all remaining scheduled PIK dividend payments on the Preferred Stock through, and including, the sixth semi-annual PIK dividend payment date. ​ The holders of the Preferred Stock are generally entitled to vote with the holders of the shares of Class A common stock on all matters submitted for a vote to the Class A common stockholders (voting together with the holders of shares of Class A common stock as one class) on an as-converted basis, subject to certain limitations. ​ The Preferred Stock may be redeemed by the Company at any time after ten years for a cash purchase price equal to the liquidation preference as of the redemption date plus accumulated and unpaid regular PIK dividends. If the Company undergoes a change of control (as defined in the certificate of designations for the Preferred Stock), each holder of Preferred Stock may require the Company to repurchase all or a portion of its then-outstanding shares of Preferred Stock for cash consideration equal to 150% of the then-current liquidation preference per share of Preferred Stock plus accumulated and unpaid dividends, if any (or, if the repurchase date for such change of control is on or after the sixth semi-annual PIK dividend payment date, 100% of the liquidation preference per share of Series A Preferred Stock plus accumulated and unpaid dividends, if any). Because the occurrence of a change of control may be outside of the Company’s control, the Company has classified the Preferred Stock as mezzanine equity on the consolidated balance sheets. If a change of control were to occur as of September 30, 2020, the Company might have been required to repurchase the Preferred Stock for $234.4 million. As of September 30, 2020, the Company believed that the occurrence of a change of control outside of the Company’s control that would trigger the right of the holder of Preferred Stock to require the Company to repurchase all or a portion of the Preferred Stock for cash was not probable. Therefore, the Preferred Stock is not accreted to the current redemption value. ​ ​

Redeemable Non-controlling Inte

Redeemable Non-controlling Interests	9 Months Ended
	Sep. 30, 2020
Redeemable Non-controlling Interests
Redeemable Non-controlling Interests	(17) Redeemable Non-controlling Interests ​ The Company owns 66% of eService, the Company’s Polish subsidiary. The eService shareholders’ agreement includes a provision whereby PKO Bank Polski has the option to compel the Company to purchase the shares of eService held by PKO Bank Polski, at a price per share based on the fair value of the shares. The option expires on January 1, 2024. Because the exercise of this option is not solely within the Company’s control, the Company has classified this interest as RNCI and presents the redemption value within the mezzanine equity section of the unaudited condensed consolidated balance sheets. At each balance sheet date, the RNCI is reported at its redemption value, which represents the estimated fair value, with a corresponding adjustment to accumulated deficit. ​ As of September 30, 2020, EVO, Inc. owns 50.8% of EVO, LLC. The EVO, LLC operating agreement includes a provision whereby Blueapple may deliver a sale notice to EVO, Inc., upon receipt of which EVO, Inc. will use its commercially reasonable best efforts to pursue a public offering of shares of its Class A common stock and use the net proceeds therefrom to purchase LLC Interests from Blueapple. Upon receipt of such a sale notice, the Company may elect, at the Company’s option (determined solely by its independent directors (within the meaning of the rules of the NASDAQ stock market (“Nasdaq”)) who are disinterested), to cause EVO, LLC to instead redeem the applicable LLC Interests for cash; provided that Blueapple consents to any election by the Company to cause EVO, LLC to redeem the LLC Interests based on the fair value of the Company’s Class A common shares on such date. Because this option is not solely within the Company’s control, the Company has classified this interest as RNCI and reports the redemption value within the mezzanine equity section of the unaudited condensed consolidated balance sheets and is reported at redemption value, which represents fair value, with a corresponding adjustment to accumulated deficit. ​ The following table details the components of RNCI for the nine months ended September 30, 2020 and for the year ended December 31, 2019: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2020 ​ December 31, 2019 ​ ​ Blueapple eService Total ​ Blueapple eService Total ​ ​ (In thousands) Beginning balance ​ $ 902,258 $ 150,190 $ 1,052,448 ​ $ 885,986 $ 124,107 $ 1,010,093 Net (loss) income attributable to RNCI ​ ​ (9,141) ​ 5,320 ​ (3,821) ​ ​ (14,567) ​ 7,855 ​ (6,712) Unrealized (loss) gain on foreign currency translation adjustment ​ ​ (9,318) ​ (1,020) ​ (10,338) ​ ​ 241 ​ (470) ​ (229) Unrealized loss on change in fair value of interest rate swap ​ ​ (288) ​ — ​ (288) ​ ​ — ​ — ​ — Purchase of Blueapple Class B common stock in connection with secondary offerings ​ ​ — ​ — ​ — ​ ​ (48,447) ​ — ​ (48,447) Decrease in maximum redemption amount in connection with purchase of Blueapple Class B common stock ​ ​ — ​ — ​ — ​ ​ (2,843) ​ — ​ (2,843) (Decrease) increase in the maximum redemption amount of RNCI ​ ​ (32,558) ​ 5,037 ​ (27,521) ​ ​ 93,845 ​ 28,173 ​ 122,018 Allocation of eService fair value RNCI adjustment to Blueapple ​ ​ (1,989) ​ — ​ (1,989) ​ ​ (11,957) ​ — ​ (11,957) Distributions ​ ​ — ​ — ​ — ​ ​ — ​ (9,475) ​ (9,475) Ending balance ​ $ 848,964 $ 159,527 $ 1,008,491 ​ $ 902,258 $ 150,190 $ 1,052,448 ​

Fair Value

Fair Value	9 Months Ended
	Sep. 30, 2020
Fair Value
Fair Value	(18) Fair Value The table below presents information about items, which are carried at fair value on a recurring basis: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2020 ​ ​ (In thousands) ​ Level 1 Level 2 Level 3 Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash equivalents ​ $ 44,519 $ — $ — $ 44,519 Contingent consideration ​ — — (1,147) (1,147) Blueapple RNCI ​ ​ (848,964) ​ ​ — ​ ​ — ​ ​ (848,964) eService RNCI ​ — — (159,527) (159,527) Interest rate swap ​ ​ — ​ ​ (694) ​ ​ — ​ ​ (694) Investment in equity securities ​ ​ — ​ ​ 23,336 ​ ​ — ​ ​ 23,336 Total ​ $ (804,445) $ 22,642 $ (160,674) $ (942,477) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2019 ​ ​ (In thousands) ​ Level 1 Level 2 Level 3 Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash equivalents ​ $ 7,715 $ — $ — $ 7,715 Contingent consideration ​ — — (2,300) (2,300) Blueapple RNCI ​ ​ (902,258) ​ ​ — ​ ​ — ​ ​ (902,258) eService RNCI ​ — — (150,190) (150,190) Total ​ $ (894,543) $ — $ (152,490) $ (1,047,033) ​ Cash equivalents consist of a money market fund that is valued using a market price in an active market (Level 1). Level 1 instrument valuations are obtained from real-time quotes for transactions in active exchange markets involving identical assets. ​ Contingent consideration relates to potential payments that the Company may be required to make associated with acquisitions. To the extent that the valuation of these liabilities are based on inputs that are less observable or not observable in the market, the determination of fair value requires more judgment. Accordingly, the degree of judgment exercised in determining fair value is greatest for measures categorized in Level 3. ​ The fair value of Blueapple’s RNCI is derived from the closing stock price of the Company’s Class A common stock on the last day of the period. ​ The fair value of eService’s RNCI is determined utilizing an income approach, weighted at 75%, based on the forecasts of expected future cash flows, and the market approach, weighted at 25%, based on guideline public company data. In applying the income approach, significant unobservable inputs included the Weighted-Average Cost of Capital (“WACC”) used to discount the future cash flows, which was 13.5%, based on the markets in which the business operates and growth rates used within the future cash flows, which were up to 10.4%, based on historic trends, current and expected market conditions, and management’s forecast assumptions. A future increase in the WACC would result in a decrease in the fair value of RNCI in eService. Conversely, a decrease in the WACC would result in an increase in the fair value of RNCI in eService. In applying the market approach, the ranges of the valuation multiples as of September 30, 2020 were 3.50x-4.00x and 7.00x-7.50x for revenue and EBITDA, respectively. ​ In May 2020, the Company entered into an interest rate swap to reduce a portion of the exposure to fluctuations in LIBOR interest rates associated with our variable-rate debt. The fair value of the interest rate swap was determined based on the present value of the estimated future net cash flows using the LIBOR forward rate curve as of September 30, 2020. The future interest rates are derived from observable market interest rate curves and thus fall within Level 2 of the valuation hierarchy. The credit valuation adjustment associated with the derivative, related to the likelihood of default by the Company and the counterparty, was not significant to the overall valuation. As a result, the fair value of the interest rate swap is classified as Level 2 of the fair value hierarchy. As described in Note 14 “Derivatives,” the fair value of the interest rate swap was a $ 0.7 ​ The Company was a member of Visa Europe Limited (“Visa Europe”) through certain of the Company’s subsidiaries in Europe. In 2016, Visa Inc. (“Visa”) acquired all of the membership interests in Visa Europe. In connection with the acquisition, one of the Company’s subsidiaries received shares of Visa Series C preferred stock and another subsidiary received economic rights relating to shares of Visa Series C preferred stock under a contractual arrangement with a former member of Visa Europe. ​ The Visa Series C preferred stock is convertible into Visa Series A preferred stock at periodic intervals over the 12 year period following the acquisition date at Visa’s discretion. In September 2020, Visa issued a partial conversion and conversion adjustment with respect to its Series C preferred stock. Pursuant to the partial conversion and conversion adjustment, holders of Series C preferred stock received shares of Series A preferred stock and the conversion ratio for such holder’s shares of Series C preferred stock was reduced. The Series A preferred stock is convertible into shares of Visa Class A common stock upon a transfer to any holder that is eligible to hold Visa Class A common stock. Holders of Series A preferred stock are able to effectuate a transfer to an eligible holder through a sales facility established by Visa’s transfer agent or through a third party broker. ​ The Visa Series A preferred stock, which is presented in investments in equity securities on the unaudited condensed consolidated balance sheets, is reported at fair value. In connection with the partial conversion and the measurement of the investment in Visa Series A preferred stock at fair value, the Company recognized a gain of $15.8 million for the three months ended September 30, 2020. ​ The fair value of Visa Series A preferred stock is determined using a market approach based on the quoted market price of Visa Class A common stock, and as a result is classified as Level 2 of the fair value hierarchy. ​ The remaining Visa Series C preferred stock are carried at cost in the amount of €6.5 million and €12.9 million ($7.4 million and $14.7 million based on the foreign exchange rate at the time of the acquisition) as of September 30, 2020 and December 31, 2019, respectively, and are presented in other assets on the unaudited condensed consolidated balance sheets. The estimated fair value of the remaining Visa Series C preferred stock of $19.8 million and $37.8 million as of September 30, 2020 and December 31, 2019 is based upon inputs classified as Level 3 of the fair value hierarchy. These inputs include the fair value of Visa Class A common stock as of September 30, 2020, the conversion factor of Visa Series C preferred stock to Visa Class A common stock, and a discount due to the lack of liquidity, which represents a measure of fair value that is unobservable or requires management’s judgment. ​ The estimated fair value of receivables, settlement processing assets and obligations, due to and from related parties and settlement lines of credit approximate their respective carrying values due to their short term nature. The estimated fair value of long-term debt as of September 30, 2020 and December 31, 2019 was $ 586.1

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2020
Commitments and Contingencies.
Commitments and Contingencies	(19) Commitments and Contingencies Litigation ​ The Company is party to various claims and lawsuits incidental to its business. The Company does not believe the ultimate outcome of such matters, individually or in the aggregate, will have a material adverse effect on the Company’s financial position, results of operations, or cash flows. ​

Segment Information

Segment Information	9 Months Ended
	Sep. 30, 2020
Segment Information
Segment Information	​ (20) Segment Information ​ Information on segments and reconciliations to revenue and net income (loss) attributable to the shareholders of EVO, Inc. and members of EVO, LLC are set forth below. Segment profit, which is the measure used by our chief operating decision maker to evaluate the performance of and allocate resources to our segments, is calculated as segment revenue less (1) segment expenses, plus (2) segment income from unconsolidated investees, plus (3) segment other income, net, less (4) segment non-controlling interests. ​ Certain corporate-wide governance functions, as well as depreciation and amortization, are not allocated to our segments. The Company does not evaluate performance or allocate resources based on segment assets, and therefore, such information is not presented. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, ​ Nine Months Ended September 30, ​ 2020 2019 2020 2019 ​ (In thousands) Segment revenue: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Americas ​ $ 68,788 $ 75,022 ​ $ 201,612 $ 222,643 Europe ​ 48,188 47,341 ​ 120,816 133,755 Revenue ​ $ 116,976 $ 122,363 ​ $ 322,428 $ 356,398 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Segment profit: ​ ​ Americas ​ $ 28,869 $ 23,086 ​ $ 71,649 $ 65,616 Europe ​ 34,446 18,542 ​ 50,063 41,858 Total segment profit ​ 63,315 41,628 ​ 121,712 107,474 Corporate ​ (10,937) (9,212) ​ (28,119) (25,095) Depreciation and amortization ​ (22,167) (22,804) ​ (64,116) (68,412) Net interest expense ​ (6,491) (10,227) ​ (23,059) (31,738) Provision for income tax (expense) benefit ​ (6,775) (3,590) ​ (4,699) 618 Share-based compensation expense ​ ​ (5,916) ​ ​ (3,019) ​ ​ (15,391) ​ (7,841) Less: Net income (loss) attributable to non-controlling interests of EVO Investco, LLC ​ ​ 5,190 ​ ​ (5,380) ​ ​ (10,932) ​ ​ (18,323) Net income (loss) attributable to EVO Payments, Inc. ​ $ 5,839 $ (1,844) ​ $ (2,740) $ (6,671) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Capital expenditures: ​ ​ ​ ​ ​ ​ Americas ​ $ 1,852 $ 5,393 ​ $ 7,458 $ 12,948 Europe ​ 2,193 5,943 ​ 5,261 11,691 Consolidated total capital expenditures ​ $ 4,045 $ 11,336 ​ $ 12,719 $ 24,639 Revenue is attributed to individual countries based on the location where the relationship is managed. For the three months ended September 30, 2020, revenue in the United States, Poland, and Mexico, as a percentage of total consolidated revenue, was 40.0%, 20.8%, and 16.1%, respectively. For the three months ended September 30, 2019, revenue in the United States, Mexico and Poland, as a percentage of total consolidated revenue, was 40.2%, 18.9%, and 18.2%, respectively. For the nine months ended September 30, 2020, revenue in the United States, Poland, and Mexico, as a percentage of total consolidated revenue, was 42.4%, 18.2%, and 17.3%, respectively. For the nine months ended September 30, 2019, revenue in the United States, Mexico and Poland, as a percentage of total consolidated revenue, was 41.0%, 19.4%, and 18.0%, respectively. For the three and nine months ended September 30, 2020 and 2019, there is no one customer that represents more than 10% of total revenue.

Shareholders' Equity

Shareholders' Equity	9 Months Ended
	Sep. 30, 2020
Shareholders' Equity
Shareholders' Equity	(21) Shareholders’ Equity EVO, Inc. is a holding company and its principal assets are the LLC Interests and preferred membership interests (“Preferred LLC Interests”) in EVO, LLC. As the sole managing member of EVO, LLC, the Company operates and controls all of the business and affairs of EVO, LLC and its subsidiaries. The Company has the sole voting interest in, and controls the management of, EVO, LLC. Therefore, EVO, Inc. has consolidated the financial results of EVO, LLC and its subsidiaries. The Company has four classes of common stock outstanding: Class A common stock, Class B common stock (classified as redeemable non-controlling interest), Class C common stock (classified as non-redeemable non-controlling interest) and Class D common stock (classified as non-redeemable non-controlling interest). The Company has one class of preferred stock outstanding, its Preferred Stock, which is convertible (subject to certain limitations) into shares of Class A common stock. The Preferred Stock was issued on April 21, 2020 in connection with an investment by MDP. Refer to Note 16, “Redeemable Preferred Stock,” for additional details regarding the transaction. The voting and economic rights associated with our classes of common stock are summarized in the following table: ​ ​ ​ ​ ​ ​ ​ ​ Class of Common Stock Holders Voting rights* Economic rights ​ ​ ​ ​ ​ ​ ​ Class A common stock Public, MDP, Executive Officers, and Current and Former Employees One vote per share Yes Class B common stock Blueapple 15.9% No Class C common stock Executive Officers 3.5 votes per share, subject to aggregate cap No Class D common stock MDP and Current and Former Employees One vote per share No Series A Preferred Stock ​ MDP ​ On an as-converted basis** ​ Yes ​ * Subject to certain ownership requirements, on the third anniversary of the consummation of the IPO (i.e. May 25, 2021) the voting rights of our Class B common stock will cease and each share of our Class C common stock will automatically convert into a share of our Class D common stock. ** Subject to certain voting caps as specified in the certificate of designations for the Preferred Stock Blueapple has a sale right under the EVO LLC Agreement that provides that, upon the receipt of a sale notice from Blueapple, the Company will use its commercially reasonable best efforts to pursue a public offering of shares of Class A common stock and use the net proceeds therefrom to purchase LLC Interests from Blueapple. Upon the Company’s receipt of such a sale notice, the Company may elect, at its option (determined solely by its independent directors (within the meaning of the rules of Nasdaq) who are disinterested), to cause EVO LLC to instead redeem the applicable LLC Interests for cash; provided that Blueapple consents to any election by the Company to cause EVO LLC to redeem the LLC Interests. Continuing LLC Owners (other than Blueapple) have an exchange right providing that, upon receipt of an exchange notice from such Continuing LLC Owners, the Company will exchange the applicable LLC Interests from such Continuing LLC Owners for newly issued shares of its Class A common stock on a one-for-one basis pursuant to an exchange agreement (the “Exchange Agreement”). Upon its receipt of such an exchange notice, the Company may elect, at its option (determined solely by its independent directors (within the meaning of the rules of Nasdaq) who are disinterested), to cause EVO, LLC to instead redeem the applicable LLC Interests for cash; provided that such Continuing LLC Owners consents to any election by the Company to cause EVO, LLC to redeem the LLC Interests. In the event that Continuing LLC Owners do not consent to an election by the Company to cause EVO, LLC to redeem the LLC Interests, the Company is required to exchange the applicable LLC Interests for newly issued shares of Class A common stock. ​ If the Company elects to cause EVO, LLC to redeem LLC Interests for cash in lieu of exchanging LLC Interests for newly issued shares of its Class A common stock, the Company will offer the other Continuing LLC Owners the right to have their respective LLC Interests redeemed in an amount up to such person’s pro rata share of the aggregate LLC Interests to be redeemed. The Company is not required to redeem any LLC Interests from Blueapple or any other Continuing LLC Owners in response to a sale notice from Blueapple if the Company elects to pursue, but is unable to complete, a public offering of shares of its Class A common stock. Continuing LLC Owners also hold certain registration rights pursuant to a registration rights agreement. MDP holds demand registration rights that require the Company to register shares of Class A common stock held by it, including any Class A common stock received upon its exchange of Class A common stock for its LLC Interests, or upon conversion of any shares of Preferred Stock held by MDP. All Continuing LLC Owners (other than Blueapple) hold customary piggyback registration rights, which includes the right to participate on a pro rata basis in any public offering the Company conducts in response to its receipt of a sale notice from Blueapple. Blueapple also has the right, in connection with any public offering the Company conducts (including any offering conducted as a result of an exercise by MDP of its registration rights), to request that the Company uses its commercially reasonable best efforts to pursue a public offering of shares of its Class A common stock and use the net proceeds therefrom to purchase a like amount of Blueapple’s LLC Interests.

Stock Compensation Plans and Sh

Stock Compensation Plans and Share-Based Compensation Awards	9 Months Ended
	Sep. 30, 2020
Stock Compensation Plans and Share-Based Compensation Awards
Stock Compensation Plans and Share-Based Compensation Awards	(22) Stock Compensation Plans and Share-Based Compensation Awards The Company provides share-based compensation awards to its employees under the Amended and Restated 2018 Omnibus Incentive Stock Plan (the “Amended and Restated 2018 Plan”). The original 2018 Omnibus Equity Incentive Plan (the “2018 Plan”) was adopted in conjunction with the Company’s IPO and became effective on May 22, 2018. On February 25, 2020, the Company adopted the Amended and Restated 2018 Plan, which was approved by the Company’s stockholders at the Company’s 2020 annual meeting of stockholders held on June 11, 2020. The Amended and Restated 2018 Plan amended and restated the 2018 Plan in its entirety and increased the number of shares of the Company’s Class A common stock available for grant and issuance under the 2018 Plan from 7,792,162 shares to 15,142,162 shares. The Amended and Restated 2018 Plan provides for accelerated vesting under certain conditions. ​ The following table summarizes share-based compensation expense, and the related income tax benefit recognized for share-based compensation awards. Share-based compensation expense is presented within selling, general, and administrative expenses within the unaudited condensed consolidated statements of operations and comprehensive income (loss): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, Nine Months Ended September 30, ​ ​ 2020 ​ 2019 ​ 2020 ​ 2019 ​ ​ (In thousands) Share-based compensation expense ​ $ 5,916 ​ $ 3,019 ​ $ 15,391 ​ $ 7,841 Income tax benefit ​ $ (676) ​ $ (289) ​ $ (1,752) ​ $ (688) ​ Unit appreciation rights/Restricted stock awards ​ The Company assumed EVO, LLC’s obligations under the EVO, LLC Unit Appreciation Rights Plan (“UAR Plan”) and converted all of the outstanding UARs held by members of management and current and former employees at the consummation of the IPO to restricted Class A common stock (“RSAs”). In connection with the Company’s assumption of EVO, LLC’s obligation under the UAR Plan and the issuance of the RSAs, on the IPO date, the Company recorded share-based compensation expense based on the modification date fair value of the RSAs of $16.00 per share. The Company recognized share-based compensation expense related to RSAs of less than $ 0.1 ​ A summary of RSAs activity is as follows (in thousands, except per share data): ​ ​ ​ ​ ​ ​ ​ ​ Number of RSAs ​ Weighted-average grant date fair value ​ ​ ​ ​ ​ ​ Balance at December 31, 2019 ​ 8 ​ $ 16.00 Granted ​ — ​ ​ — Vested ​ (4) ​ ​ 16.00 Forfeited ​ — ​ ​ — Balance at September 30, 2020 ​ 4 ​ $ 16.00 ​ As of September 30, 2020 and 2019, total unrecognized share-based compensation expense related to outstanding RSAs was less than $0.1 million and $0.1 million, respectively. The total fair value of shares vested during the nine months ended September 30, 2020 and 2019, was less than $ 0.1 0.4 ​ Restricted stock units ​ The Company recognized share-based compensation expense for RSUs granted of $ 2.2 6.2 ​ A summary of RSUs activity is as follows (in thousands, except per share data): ​ ​ ​ ​ ​ ​ ​ ​ Number of RSUs ​ Weighted-average grant date fair value ​ ​ ​ ​ ​ ​ Balance at December 31, 2019 ​ 876 ​ $ 22.30 Granted ​ 617 ​ ​ 23.20 Vested ​ (249) ​ ​ 21.64 Forfeited ​ (81) ​ ​ 22.08 Balance at September 30, 2020 ​ 1,163 ​ $ 22.94 ​ As of September 30, 2020 and 2019, total unrecognized share-based compensation expense related to outstanding RSUs was $21.9 million and $ 16.1 0 5.4 2.3 ​ Stock options ​ The Company recognized share-based compensation expense for the stock options granted of $ 3.7 1.7 9.1 4.2 ​ A summary of stock option activity is as follows (in thousands, except per share and term data): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Number of Options ​ Weighted-average grant date fair value ​ Weighted-average exercise price ​ Weighted-average remaining contractual term ​ Total Intrinsic Value ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance at December 31, 2019 ​ 3,369 ​ $ 7.90 ​ $ 20.46 ​ ​ 8.77 ​ $ 20,312 Granted ​ 2,448 ​ ​ 6.84 ​ ​ 20.84 ​ ​ — ​ ​ — Exercised ​ (364) ​ ​ 5.60 ​ ​ 15.16 ​ ​ — ​ ​ 4,414 Forfeited ​ (305) ​ ​ 7.58 ​ ​ 20.60 ​ ​ — ​ ​ — Balance at September 30, 2020 ​ 5,148 ​ $ 7.58 ​ $ 21.01 ​ ​ 8.60 ​ $ 22,307 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Exercisable at September 30, 2020 ​ 1,341 ​ $ 7.06 ​ $ 18.07 ​ ​ 8.11 ​ $ 9,490 ​ As of September 30, 2020 and 2019, total unrecognized share-based compensation expense related to unvested stock options was $24.5 million and $ 19.9 3 vested ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended September 30, ​ ​ 2020 ​ 2019 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Expected life (in years) ​ ​ 7.00 ​ ​ 7.00 Weighted-average risk-free interest rate ​ ​ 0.86% ​ ​ 2.59% Expected volatility ​ ​ 30.24% ​ ​ 33.35% Dividend yield ​ ​ 0.00% ​ ​ 0.00% Weighted-average fair value at grant date ​ $ 6.84 ​ $ 9.46 ​ The risk-free interest rate is based on the yield of a zero coupon United States Treasury security with a maturity equal to the expected life of the stock option from the date of the grant. The assumption for expected volatility is based on the historical volatility of a peer group of market participants as the Company has limited historical volatility. It is the Company’s intent to retain all profits for the operations of the business for the foreseeable future, as such the dividend yield assumption is zero. The Company applies the simplified method in determining the expected life of the stock options as the Company has limited historical basis upon which to determine historical exercise periods. The Company’s assumption of the expected life is determined based on the general grant vesting period plus half of the remaining life through expiration. All stock options exercised will be settled in Class A common stock.

Description of Business and S_2

Description of Business and Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2020
Description of Business and Summary of Significant Accounting Policies
Basis of Presentation and Use of Estimates	(b) Basis of Presentation and Use of Estimates The accompanying unaudited condensed consolidated balance sheets as of September 30, 2020 and December 31, 2019, the unaudited condensed consolidated statements of operations and comprehensive income (loss) for the three and nine months ended September 30, 2020 and 2019, the unaudited condensed consolidated statement of changes in equity (deficit) for the three and nine months ended September 30, 2020 and 2019, and the unaudited condensed consolidated statements of cash flows for the nine months ended September 30, 2020 and 2019 reflect all adjustments that are of a normal, recurring nature and that are considered necessary for a fair presentation of the results for the periods shown in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and the applicable rules and regulations of the U.S. Securities and Exchange Commission (the “SEC”) for interim financial reporting periods. Accordingly, certain information and footnote disclosures have been condensed or omitted in accordance with SEC rules that would ordinarily be required under U.S. GAAP for complete financial statements. The unaudited interim condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2019. The preparation of the unaudited condensed consolidated financial statements in conformity with U.S. GAAP requires management to make certain estimates and assumptions that affect the reported assets and liabilities, as of the date of the unaudited condensed consolidated financial statements, and the reported amounts of revenue and expenses during the period. Actual results could differ from those estimates. Estimates used for accounting purposes include, but are not limited to, valuation of redeemable non-controlling interests (“RNCI”), evaluation of realizability of deferred tax assets, determination of liabilities under the tax receivable agreement, determination of liabilities and corresponding right-of-use assets arising from lease agreements, determination of assets or liabilities arising from derivative transactions, determination of fair value of share-based compensation, establishment of severance liabilities, establishment of allowance for doubtful accounts, and assessment of recoverability of long-lived assets.
Principles of Consolidation	(c) Principles of Consolidation The accompanying unaudited condensed consolidated financial statements include the accounts of the Company. As the sole managing member of EVO, LLC, the Company exerts control over the Group. In accordance with Accounting Standards Codification (“ASC”) 810, Consolidation
Cash and Cash Equivalents, Settlement-Related Cash and Merchant Reserves	(d) Cash and Cash Equivalents, Settlement-Related Cash, and Merchant Reserves Cash and cash equivalents include all cash balances and highly liquid securities with original maturities of three months or less. Cash balances often exceed federally insured limits; however, concentration of credit risk is limited due to the payment of funds on the day following receipt in satisfaction of the settlement process. Included in cash and cash equivalents are settlement-related cash and merchant reserves. ​ Settlement-related cash represents funds that the Company holds when the incoming amount from the card networks precedes the funding obligation to the merchant. Settlement-related cash balances are not restricted, however these funds are generally paid out in satisfaction of settlement processing obligations and therefore are not available for general purposes. As of September 30, 2020 and December 31, 2019, settlement-related cash balances were $132.9 million and $178.8 million, respectively. ​ Merchant reserves represent funds collected from the Company’s merchants that serve as collateral to minimize contingent liabilities associated with any losses that may occur under the respective merchant agreements. While this cash is not restricted in its use, the Company believes that maintaining the merchant reserves to collateralize merchant losses strengthens its fiduciary standings with its card network sponsors (“Member Banks”) and is in accordance with the guidelines set by the card networks. As of September 30, 2020 and December 31, 2019, merchant reserves were $105.0 million and $85.8 million, respectively.
Derivatives	(e ) Derivatives The Company recognizes derivatives on the consolidated balance sheets at fair value. The accounting for changes in the fair value of derivatives depends on the intended use of the derivative, whether the Company has elected to designate a derivative in a hedging relationship and apply hedge accounting and whether the hedging relationship has satisfied the criteria necessary to apply hedge accounting. ​ Derivatives designated and qualifying as a hedge of the exposure to variability in expected future cash flows, or other types of forecasted transactions, are considered cash flow hedges. Hedge accounting generally provides for the matching of the timing of gain or loss recognition on the hedging instrument with the recognition of the changes in the fair value of the hedged asset or liability that are attributable to the earnings effect of the hedged forecasted transactions in a cash flow hedge. ​ The Company entered into an interest rate swap to manage a portion of the exposure to the fluctuations in the London Interbank Offered Rate (“LIBOR”) interest rates associated with the Company’s variable-rate term loan. The Company designated the interest rate swap as a cash flow hedge involving the receipt of variable amounts from a counterparty in exchange for the Company making fixed-rate payments over the life of the agreement without exchange of the underlying notional amount. The Company also formally evaluates, both at the inception of the hedge and quarterly, whether the interest rate swap is highly effective in offsetting changes in cash flows of the related underlying exposure. ​ Changes in the fair value of a derivative that is designated as, and meets all the required criteria for, a cash flow hedge are recorded in accumulated other comprehensive loss and reclassified into earnings as the underlying hedged item affects earnings. ​ Refer to Note 14, “Derivatives,” and Note 18, “Fair Value,” for further information on the interest rate swap.
Investment in equity securities	(f) Investment in equity securities The Company’s accounting treatment for investments in equity securities differs for those with and without readily determinable fair values. Investments in equity securities with readily determinable fair values are recorded at fair value on the consolidated balance sheets with changes in fair value at each reporting period recognized on the consolidated statements of operations. Investments in equity securities without readily determinable fair value are recorded at cost, less impairment, if any, plus or minus observable price changes in orderly transactions of an identical or similar investment of the same issuer.
Recent Accounting Pronouncements	(g) Recent Accounting Pronouncements New accounting pronouncements issued by the Financial Accounting Standards Board (the “FASB”) or other standards setting bodies are adopted as of the specified effective date. Unless otherwise discussed, the Company believes that the impact of recently issued standards that are not yet effective will not have a material impact on the Company’s consolidated financial statements upon adoption. Recently Adopted Accounting Pronouncements Credit Losses ​ In June 2016, the FASB issued ASU 2016-13, Financial Instruments – Credit Losses: Measurement of Credit Losses on Financial Instruments ​ Fair Value Measurement ​ In August 2018, the FASB issued ASU 2018-13, Fair Value Measurement: Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement Fair Value Measurement ​ Internal Use Software ​ In August 2018, the FASB issued ASU 2018-15, Intangibles – Goodwill and Other – Internal-Use Software: Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract ​ Recently Issued Accounting Pronouncements Not Yet Adopted Simplifying the Accounting for Income Taxes ​ In December 2019, the FASB issued ASU 2019-12, Simplifying the Accounting for Income Taxes ​ Reference Rate Reform ​ In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform ​ Investments, Joint Ventures, and Derivatives and Hedging ​ In January 2020, the FASB issued ASU 2020-01, Investments - Equity Securities (Topic 321), Investments - Equity Method and Joint Ventures (Topic 323), and Derivatives and Hedging (Topic 815), ​ Convertible Instruments and Contracts in an Entity’s Own Equity ​ In August 2020, the FASB issued ASU 2020-06, Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity

Revenue (Tables)

Revenue (Tables)	9 Months Ended
	Sep. 30, 2020
Revenue
Summary of revenue	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, 2020 ​ Nine Months Ended September 30, 2020 ​ ​ Americas Europe Total Americas Europe Total ​ ​ (In thousands) ​ (In thousands) Divisions: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Direct ​ $ 31,561 ​ $ 37,714 ​ $ 69,275 ​ $ 93,548 ​ $ 94,479 ​ $ 188,027 Tech-enabled ​ ​ 31,248 ​ 10,474 ​ 41,722 ​ ​ 88,569 ​ 26,337 ​ 114,906 Traditional ​ 5,979 — 5,979 ​ 19,495 — 19,495 Totals ​ $ 68,788 $ 48,188 $ 116,976 ​ $ 201,612 $ 120,816 $ 322,428 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, 2019 ​ Nine Months Ended September 30, 2019 ​ ​ Americas Europe Total Americas Europe Total ​ ​ (In thousands) ​ (In thousands) Divisions: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Direct ​ $ 38,025 ​ $ 36,383 ​ $ 74,408 ​ $ 113,246 ​ $ 105,248 ​ $ 218,494 Tech-enabled ​ ​ 28,914 ​ 10,958 ​ 39,872 ​ ​ 84,912 ​ 28,507 ​ 113,419 Traditional ​ 8,083 — 8,083 ​ 24,485 — 24,485 Totals ​ $ 75,022 $ 47,341 $ 122,363 ​ $ 222,643 $ 133,755 $ 356,398 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Settlement Processing Assets _2

Settlement Processing Assets and Obligations (Tables)	9 Months Ended
	Sep. 30, 2020
Settlement Processing Assets and Obligations
Summary of settlement processing assets and obligations	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ 2020 2019 ​ ​ (In thousands) Settlement processing assets: ​ ​ Receivable from card networks ​ $ 199,710 $ 232,458 Receivable from merchants ​ 88,888 96,179 Totals ​ $ 288,598 $ 328,637 ​ ​ ​ ​ ​ ​ ​ Settlement processing obligations: ​ ​ Settlement liabilities due to merchants ​ $ (317,053) $ (363,545) Merchant reserves ​ (104,968) (85,757) Totals ​ $ (422,021) $ (449,302)

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2020
Earnings Per Share
Schedule of computation of basic and diluted net loss per share	The following table sets forth the computation of the Company's basic and diluted earnings per share of Class A common stock, as well as the anti-dilutive shares excluded (in thousands, except share and per share data): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, ​ Nine Months Ended September 30, Three Months Ended September 30, ​ Nine Months Ended September 30, ​ ​ 2020 ​ 2019 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Numerator: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income (loss) attributable to EVO Payments, Inc. ​ $ 5,839 ​ $ (2,740) ​ $ (1,844) ​ $ (6,671) Less: Accrual of redeemable preferred stock paid-in-kind dividends ​ ​ 2,360 ​ ​ 4,131 ​ ​ — ​ ​ — Less: Allocation of undistributed earnings to preferred shares ​ ​ 663 ​ ​ — ​ ​ — ​ ​ — Undistributed earnings (loss) attributable to shares of Class A common stock ​ $ 2,816 ​ $ (6,871) ​ $ (1,844) ​ $ (6,671) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Denominator: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted-average Class A common stock outstanding ​ 41,675,929 ​ 41,445,566 ​ 34,634,567 ​ 30,996,506 Effect of dilutive securities ​ 960,687 ​ — ​ — ​ — Total dilutive securities ​ ​ 42,636,616 ​ ​ 41,445,566 ​ ​ 34,634,567 ​ ​ 30,996,506 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Earnings per share: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic ​ $ 0.07 ​ $ (0.17) ​ $ (0.05) ​ $ (0.22) Diluted ​ $ 0.07 ​ $ (0.17) ​ $ (0.05) ​ $ (0.22) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted-average anti-dilutive securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Redeemable preferred stock ​ ​ 152,250 ​ ​ 90,572 ​ ​ — ​ ​ — Stock options ​ ​ — ​ ​ 5,013,228 ​ ​ 3,307,082 ​ ​ 3,002,231 RSUs ​ ​ — ​ ​ 1,169,696 ​ ​ 844,616 ​ ​ 790,719 RSAs ​ ​ — ​ ​ 4,323 ​ ​ 14,672 ​ ​ 22,359 Class C common stock ​ ​ 2,103,664 ​ ​ 2,246,332 ​ ​ 2,327,511 ​ ​ 2,399,326 Class D common stock ​ ​ 4,490,812 ​ ​ 4,392,211 ​ ​ 10,019,169 ​ ​ 12,829,719

Acquisitions (Tables)

Acquisitions (Tables)	9 Months Ended
	Sep. 30, 2020
Delego Software
Acquisitions
Schedule of purchase price allocation	The purchase price allocation, which was finalized during the quarter ended June 30, 2020, is provided within the table below: ​ ​ ​ ​ ​ ​ ​ ​ As of the ​ Estimated ​ ​ acquisition date ​ Useful Life Finite-lived intangible assets ​ (In thousands ) ​ ​ Acquired software ​ $ 8,513 ​ 7 years Customer relationships ​ ​ 2,964 ​ 15 years Trademarks ​ ​ 836 ​ 2 years Deferred tax liabilities ​ ​ (3,176) ​ ​ Other assets, net ​ ​ 590 ​ ​ Goodwill ​ ​ 22,688 ​ ​ Total purchase price ​ $ 32,415 ​ ​ ​ ​ ​ ​ ​ ​

Leases (Tables)

Leases (Tables)	9 Months Ended
	Sep. 30, 2020
Leases
Schedule of maturities of lease liabilities	As of September 30, 2020, maturities of lease liabilities are as follows: ​ ​ ​ ​ ​ ​ ​ (In thousands) Years ending: ​ ​ 2020 (remainder of the year) $ 1,720 2021 ​ 8,600 2022 ​ 8,285 2023 ​ 6,178 2024 ​ 5,368 2025 and thereafter ​ 17,130 Total future minimum lease payments (undiscounted) ​ 47,281 Less: present value discount ​ (9,783) Present value of lease liability $ 37,498

Equipment and Improvements (Tab

Equipment and Improvements (Tables)	9 Months Ended
	Sep. 30, 2020
Equipment and Improvements
Schedule of equipment and improvements	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Estimated ​ ​ ​ ​ ​ ​ ​ ​ Useful ​ ​ ​ ​ ​ ​ ​ ​ Lives in ​ September 30, ​ December 31, ​ ​ Years ​ 2020 ​ 2019 ​ ​ ​ ​ (In thousands) Card processing equipment 3-5 ​ $ 138,694 $ 137,190 Office equipment ​ 3-5 ​ ​ 44,539 ​ ​ 42,561 Computer software 3 ​ 42,836 42,621 Leasehold improvements various ​ 19,090 17,870 Furniture and fixtures 5-7 ​ 4,518 6,019 Totals ​ ​ ​ 249,677 246,261 Less accumulated depreciation ​ ​ ​ (177,106) (155,323) Foreign currency translation adjustment ​ ​ ​ (724) 3,526 Totals ​ ​ ​ $ 71,847 $ 94,464

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	9 Months Ended
	Sep. 30, 2020
Goodwill and Intangible Assets
Schedule of intangible assets, net	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2020 ​ ​ Gross carrying value ​ Accumulated amortization ​ Accumulated impairment charges ​ Translation and other adjustments ​ Net ​ ​ (In thousands) Merchant contract portfolios and customer relationships ​ $ 293,581 ​ $ (176,230) ​ $ (5,685) ​ $ (33,219) ​ $ 78,447 Marketing alliance agreements ​ ​ 186,081 ​ ​ (66,518) ​ ​ (7,557) ​ ​ (23,856) ​ ​ 88,150 Trademarks, definite-lived ​ ​ 21,629 ​ ​ (10,583) ​ ​ (901) ​ ​ (3,442) ​ ​ 6,703 Internally developed and acquired software ​ ​ 89,083 ​ ​ (36,007) ​ ​ (10,191) ​ ​ (2,440) ​ ​ 40,445 Non-compete agreements ​ ​ 6,462 ​ ​ (6,403) ​ ​ - ​ ​ 1 ​ ​ 60 Total ​ $ 596,836 ​ $ (295,741) ​ $ (24,334) ​ $ (62,956) ​ $ 213,805 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2019 ​ ​ Gross carrying value ​ Accumulated amortization ​ Accumulated impairment charges ​ Translation and other adjustments ​ Net ​ ​ (In thousands) Merchant contract portfolios and customer relationships ​ $ 296,033 ​ $ (163,358) ​ $ (7,089) ​ $ (26,347) ​ $ 99,239 Marketing alliance agreements ​ ​ 191,879 ​ ​ (59,545) ​ ​ (11,920) ​ ​ (17,468) ​ ​ 102,946 Trademarks, definite-lived ​ ​ 29,493 ​ ​ (13,129) ​ ​ (2,631) ​ ​ (4,600) ​ ​ 9,133 Internally developed and acquired software ​ ​ 84,060 ​ ​ (26,042) ​ ​ (10,190) ​ ​ (2,110) ​ ​ 45,718 Non-compete agreements ​ ​ 6,462 ​ ​ (5,938) ​ ​ - ​ ​ - ​ ​ 524 Trademarks, indefinite-lived ​ ​ 18,499 ​ ​ - ​ ​ (18,499) ​ ​ - ​ ​ - Total ​ $ 626,426 ​ $ (268,012) ​ $ (50,329) ​ $ (50,525) ​ $ 257,560
Schedule of estimated amortization expense	​ ​ ​ ​ ​ ​ ​ ​ (In thousands) Years ending: ​ 2020 (remainder of the year) ​ $ 11,920 2021 ​ 40,895 2022 ​ 33,704 2023 ​ 28,148 2024 ​ ​ 17,388 2025 and thereafter ​ 81,750 Total ​ $ 213,805
Schedule of intangible assets, net by segment	​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ 2020 2019 ​ ​ (In thousands) Intangible assets, net: ​ ​ Americas ​ ​ Merchant contract portfolios and customer relationships ​ $ 58,398 $ 74,791 Marketing alliance agreements ​ 61,056 72,272 Trademarks, definite-lived ​ ​ 1,689 ​ ​ 2,994 Internally developed and acquired software ​ 25,161 28,697 Non-compete agreements ​ ​ 39 ​ ​ 489 Total ​ 146,343 179,243 ​ ​ Europe ​ Merchant contract portfolios and customer relationships ​ 20,049 24,448 Marketing alliance agreements ​ 27,094 30,674 Trademarks, definite-lived ​ ​ 5,014 ​ ​ 6,139 Internally developed and acquired software ​ 15,284 17,021 Non-compete agreements ​ ​ 21 35 Total ​ 67,462 78,317 ​ ​ ​ ​ ​ ​ ​ Total intangible assets, net ​ $ 213,805 $ 257,560
Schedule of goodwill activity	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Reportable Segment ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Americas ​ Europe ​ Total ​ ​ (In thousands) Goodwill, gross, as of December 31, 2019 ​ $ 268,049 $ 135,080 $ 403,129 Accumulated impairment losses ​ — (24,291) (24,291) Goodwill, net, as of December 31, 2019 ​ 268,049 110,789 378,838 Business combinations ​ 61 — 61 Foreign currency translation adjustment ​ (6,846) 268 (6,578) Goodwill, net, as of September 30, 2020 ​ $ 261,264 $ 111,057 $ 372,321

Accounts Payable and Accrued _2

Accounts Payable and Accrued Expenses (Tables)	9 Months Ended
	Sep. 30, 2020
Accounts Payable and Accrued Expenses
Schedule of accounts payable and accrued expenses	​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ ​ 2020 2019 ​ ​ (In thousands) Compensation and related benefits ​ $ 21,726 $ 18,460 Third-party processing and payment network fees ​ 42,003 36,409 Trade payables ​ 5,741 11,571 Taxes payable ​ 9,699 18,556 Commissions payable to third parties and agents ​ 15,195 15,030 Unearned revenue ​ 4,302 4,309 Other ​ ​ 15,950 19,328 Total accounts payable and accrued expenses ​ $ 114,616 ​ $ 123,663

Related Party Transactions (Tab

Related Party Transactions (Tables)	9 Months Ended
	Sep. 30, 2020
Related Party Transactions
Schedule of related party balances	​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ 2020 2019 ​ ​ (In thousands) Due from related parties, current ​ $ 630 $ 1,125 Due to related parties, current ​ ​ (4,429) ​ (7,325) Due to related parties, long-term ​ ​ (185) ​ (385)

Long-Term Debt and Lines of C_2

Long-Term Debt and Lines of Credit (Tables)	9 Months Ended
	Sep. 30, 2020
Long-Term Debt and Lines of Credit
Summary of long-term debt	​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, December 31, ​ ​ 2020 ​ 2019 ​ ​ (In thousands) First lien term loan ​ $ 592,818 $ 650,891 First lien revolver ​ — ​ 60,987 Less debt issuance costs ​ (8,026) ​ (9,965) Total long-term debt ​ 584,792 ​ 701,913 Less current portion of long-term debt, including accrued interest (1) ​ (4,628) ​ (8,744) Total long-term debt, net of current portion ​ $ 580,164 $ 693,169 ​ (1) Accrued interest of approximately $0.3 million as of September 30, 2020 is presented within accrued expenses on the unaudited condensed consolidated balance sheet.
Schedule of principal payment requirements	​ ​ ​ ​ Years ending: ​ (In thousands) 2020 (remainder of the year) ​ $ 1,648 2021 ​ ​ 6,593 2022 ​ 6,593 2023 ​ 577,984 2024 ​ — 2025 and thereafter ​ — Total ​ $ 592,818 ​ ​ ​ ​

Derivatives (Tables)

Derivatives (Tables)	9 Months Ended
	Sep. 30, 2020
Derivatives
Summary of fair value of the interest rate swap	​ ​ ​ ​ ​ ​ ​ September 30, 2020 ​ Balance Sheet ​ Fair Value ​ Location ​ (In thousands) ​ ​ ​ ​ ​ ​ Interest Rate Swap - current portion Accrued expenses $ (272) Interest Rate Swap - long-term portion Other long-term liabilities $ (422)
Schedule of effect of hedge accounting on accumulated other comprehensive income (loss)	​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, ​ Nine Months Ended September 30, ​ 2020 ​ (In thousands) Beginning accumulated derivative loss in accumulated other comprehensive loss $ (863) ​ $ — Derivative gain (loss) recognized in the current period in accumulated other comprehensive income (loss) ​ 131 ​ ​ (747) Less: Derivative loss reclassified from accumulated other comprehensive loss to interest expense ​ (38) ​ ​ (53) Ending accumulated derivative loss in accumulated other comprehensive loss $ (694) ​ $ (694) ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, ​ Nine Months Ended September 30, ​ 2020 ​ (In thousands) Total interest expense including the effects of cash flow hedges $ (6,717) ​ $ (23,916) Derivative loss reclassified from accumulated other comprehensive loss into interest expense ​ $ (38) ​ $ (53)

Supplemental Cash Flows Infor_2

Supplemental Cash Flows Information (Tables)	9 Months Ended
	Sep. 30, 2020
Supplemental Cash Flows Information
Schedule of supplemental cash flow disclosures and noncash investing and financing activities	​ ​ ​ ​ ​ ​ ​ ​ ​ 2020 2019 ​ ​ (In thousands) Supplemental disclosure of cash flow data: ​ ​ ​ ​ Interest paid ​ $ 25,391 $ 31,289 Income taxes paid ​ 10,525 14,842 ​ ​ ​ ​ ​ ​ ​ Supplemental disclosure of non-cash investing and financing activities: ​ ​ Operating lease liabilities arising from obtaining new or modified right-of-use assets ​ $ 2,763 ​ $ 16,799 Decrease in operating lease liabilities and corresponding right-of-use assets resulting from lease modifications ​ ​ (6,798) ​ ​ (623) Acquisition holdback payable ​ ​ — ​ 1,337 Accrual of redeemable preferred stock paid-in-kind-dividends ​ ​ 4,131 ​ ​ — Exchanges of Class C and Class D common stock for Class A common stock ​ ​ 9,425 ​ ​ 20,985 Secondary offering ​ ​ — ​ ​ 303,400

Redeemable Non-controlling In_2

Redeemable Non-controlling Interests (Tables)	9 Months Ended
	Sep. 30, 2020
Redeemable Non-controlling Interests
Schedule of components of redeemable non-controlling interest	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2020 ​ December 31, 2019 ​ ​ Blueapple eService Total ​ Blueapple eService Total ​ ​ (In thousands) Beginning balance ​ $ 902,258 $ 150,190 $ 1,052,448 ​ $ 885,986 $ 124,107 $ 1,010,093 Net (loss) income attributable to RNCI ​ ​ (9,141) ​ 5,320 ​ (3,821) ​ ​ (14,567) ​ 7,855 ​ (6,712) Unrealized (loss) gain on foreign currency translation adjustment ​ ​ (9,318) ​ (1,020) ​ (10,338) ​ ​ 241 ​ (470) ​ (229) Unrealized loss on change in fair value of interest rate swap ​ ​ (288) ​ — ​ (288) ​ ​ — ​ — ​ — Purchase of Blueapple Class B common stock in connection with secondary offerings ​ ​ — ​ — ​ — ​ ​ (48,447) ​ — ​ (48,447) Decrease in maximum redemption amount in connection with purchase of Blueapple Class B common stock ​ ​ — ​ — ​ — ​ ​ (2,843) ​ — ​ (2,843) (Decrease) increase in the maximum redemption amount of RNCI ​ ​ (32,558) ​ 5,037 ​ (27,521) ​ ​ 93,845 ​ 28,173 ​ 122,018 Allocation of eService fair value RNCI adjustment to Blueapple ​ ​ (1,989) ​ — ​ (1,989) ​ ​ (11,957) ​ — ​ (11,957) Distributions ​ ​ — ​ — ​ — ​ ​ — ​ (9,475) ​ (9,475) Ending balance ​ $ 848,964 $ 159,527 $ 1,008,491 ​ $ 902,258 $ 150,190 $ 1,052,448

Fair Value (Tables)

Fair Value (Tables)	9 Months Ended
	Sep. 30, 2020
Fair Value
Schedule of information about items which are carried at fair value on a recurring basis	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2020 ​ ​ (In thousands) ​ Level 1 Level 2 Level 3 Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash equivalents ​ $ 44,519 $ — $ — $ 44,519 Contingent consideration ​ — — (1,147) (1,147) Blueapple RNCI ​ ​ (848,964) ​ ​ — ​ ​ — ​ ​ (848,964) eService RNCI ​ — — (159,527) (159,527) Interest rate swap ​ ​ — ​ ​ (694) ​ ​ — ​ ​ (694) Investment in equity securities ​ ​ — ​ ​ 23,336 ​ ​ — ​ ​ 23,336 Total ​ $ (804,445) $ 22,642 $ (160,674) $ (942,477) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2019 ​ ​ (In thousands) ​ Level 1 Level 2 Level 3 Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash equivalents ​ $ 7,715 $ — $ — $ 7,715 Contingent consideration ​ — — (2,300) (2,300) Blueapple RNCI ​ ​ (902,258) ​ ​ — ​ ​ — ​ ​ (902,258) eService RNCI ​ — — (150,190) (150,190) Total ​ $ (894,543) $ — $ (152,490) $ (1,047,033)

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Sep. 30, 2020
Segment Information
Summary of segment information	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, ​ Nine Months Ended September 30, ​ 2020 2019 2020 2019 ​ (In thousands) Segment revenue: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Americas ​ $ 68,788 $ 75,022 ​ $ 201,612 $ 222,643 Europe ​ 48,188 47,341 ​ 120,816 133,755 Revenue ​ $ 116,976 $ 122,363 ​ $ 322,428 $ 356,398 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Segment profit: ​ ​ Americas ​ $ 28,869 $ 23,086 ​ $ 71,649 $ 65,616 Europe ​ 34,446 18,542 ​ 50,063 41,858 Total segment profit ​ 63,315 41,628 ​ 121,712 107,474 Corporate ​ (10,937) (9,212) ​ (28,119) (25,095) Depreciation and amortization ​ (22,167) (22,804) ​ (64,116) (68,412) Net interest expense ​ (6,491) (10,227) ​ (23,059) (31,738) Provision for income tax (expense) benefit ​ (6,775) (3,590) ​ (4,699) 618 Share-based compensation expense ​ ​ (5,916) ​ ​ (3,019) ​ ​ (15,391) ​ (7,841) Less: Net income (loss) attributable to non-controlling interests of EVO Investco, LLC ​ ​ 5,190 ​ ​ (5,380) ​ ​ (10,932) ​ ​ (18,323) Net income (loss) attributable to EVO Payments, Inc. ​ $ 5,839 $ (1,844) ​ $ (2,740) $ (6,671) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Capital expenditures: ​ ​ ​ ​ ​ ​ Americas ​ $ 1,852 $ 5,393 ​ $ 7,458 $ 12,948 Europe ​ 2,193 5,943 ​ 5,261 11,691 Consolidated total capital expenditures ​ $ 4,045 $ 11,336 ​ $ 12,719 $ 24,639

Shareholder's Equity (Tables)

Shareholder's Equity (Tables)	9 Months Ended
	Sep. 30, 2020
Shareholders' Equity
Schedule of voting and economic rights of common stockholders	​ ​ ​ ​ ​ ​ ​ ​ Class of Common Stock Holders Voting rights* Economic rights ​ ​ ​ ​ ​ ​ ​ Class A common stock Public, MDP, Executive Officers, and Current and Former Employees One vote per share Yes Class B common stock Blueapple 15.9% No Class C common stock Executive Officers 3.5 votes per share, subject to aggregate cap No Class D common stock MDP and Current and Former Employees One vote per share No Series A Preferred Stock ​ MDP ​ On an as-converted basis** ​ Yes ​ * Subject to certain ownership requirements, on the third anniversary of the consummation of the IPO (i.e. May 25, 2021) the voting rights of our Class B common stock will cease and each share of our Class C common stock will automatically convert into a share of our Class D common stock. ** Subject to certain voting caps as specified in the certificate of designations for the Preferred Stock

Stock Compensation Plans and _2

Stock Compensation Plans and Share-Based Compensation Awards (Tables)	9 Months Ended
	Sep. 30, 2020
Stock Compensation Plans and Share-Based Compensation Awards
Summary of share based compensation expense and related income tax benefit recognized for share-based compensation awards	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, Nine Months Ended September 30, ​ ​ 2020 ​ 2019 ​ 2020 ​ 2019 ​ ​ (In thousands) Share-based compensation expense ​ $ 5,916 ​ $ 3,019 ​ $ 15,391 ​ $ 7,841 Income tax benefit ​ $ (676) ​ $ (289) ​ $ (1,752) ​ $ (688)
Summary of stock option activity	A summary of stock option activity is as follows (in thousands, except per share and term data): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Number of Options ​ Weighted-average grant date fair value ​ Weighted-average exercise price ​ Weighted-average remaining contractual term ​ Total Intrinsic Value ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance at December 31, 2019 ​ 3,369 ​ $ 7.90 ​ $ 20.46 ​ ​ 8.77 ​ $ 20,312 Granted ​ 2,448 ​ ​ 6.84 ​ ​ 20.84 ​ ​ — ​ ​ — Exercised ​ (364) ​ ​ 5.60 ​ ​ 15.16 ​ ​ — ​ ​ 4,414 Forfeited ​ (305) ​ ​ 7.58 ​ ​ 20.60 ​ ​ — ​ ​ — Balance at September 30, 2020 ​ 5,148 ​ $ 7.58 ​ $ 21.01 ​ ​ 8.60 ​ $ 22,307 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Exercisable at September 30, 2020 ​ 1,341 ​ $ 7.06 ​ $ 18.07 ​ ​ 8.11 ​ $ 9,490
Summary of assumptions used in estimating the grant date fair values	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended September 30, ​ ​ 2020 ​ 2019 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Expected life (in years) ​ ​ 7.00 ​ ​ 7.00 Weighted-average risk-free interest rate ​ ​ 0.86% ​ ​ 2.59% Expected volatility ​ ​ 30.24% ​ ​ 33.35% Dividend yield ​ ​ 0.00% ​ ​ 0.00% Weighted-average fair value at grant date ​ $ 6.84 ​ $ 9.46
RSAs
Stock Compensation Plans and Share-Based Compensation Awards
Summary of stock activity	A summary of RSAs activity is as follows (in thousands, except per share data): ​ ​ ​ ​ ​ ​ ​ ​ Number of RSAs ​ Weighted-average grant date fair value ​ ​ ​ ​ ​ ​ Balance at December 31, 2019 ​ 8 ​ $ 16.00 Granted ​ — ​ ​ — Vested ​ (4) ​ ​ 16.00 Forfeited ​ — ​ ​ — Balance at September 30, 2020 ​ 4 ​ $ 16.00
RSUs
Stock Compensation Plans and Share-Based Compensation Awards
Summary of stock activity	​ A summary of RSUs activity is as follows (in thousands, except per share data): ​ ​ ​ ​ ​ ​ ​ ​ Number of RSUs ​ Weighted-average grant date fair value ​ ​ ​ ​ ​ ​ Balance at December 31, 2019 ​ 876 ​ $ 22.30 Granted ​ 617 ​ ​ 23.20 Vested ​ (249) ​ ​ 21.64 Forfeited ​ (81) ​ ​ 22.08 Balance at September 30, 2020 ​ 1,163 ​ $ 22.94

Description of Business and S_3

Description of Business and Summary of Significant Accounting Policies - Other (Details) $ in Millions	Sep. 30, 2020USD ($)item	Sep. 30, 2020USD ($)itemsegment	Dec. 31, 2019USD ($)
Minimum number of merchants | item	550,000	550,000
Number of reportable segments | segment		2
Cash and Cash Equivalents and Merchant Reserves
Settlement related cash balances | $	$ 132.9	$ 132.9	$ 178.8
Merchant reserve cash balances | $	$ 105	$ 105	$ 85.8
EVO LLC
Ownership interest (as a percent)	50.80%
Minimum
Number of markets | item	50	50

Revenue - Other (Details)

Revenue - Other (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Revenue
Revenue	$ 116,976	$ 122,363	$ 322,428	$ 356,398
Sale and Rental of POS Equipment
Revenue
Revenue	$ 10,100	$ 12,200	$ 29,400	$ 32,400

Revenue - Summary (Details)

Revenue - Summary (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Revenue
Revenue	$ 116,976	$ 122,363	$ 322,428	$ 356,398
Direct
Revenue
Revenue	69,275	74,408	188,027	218,494
Tech-enabled
Revenue
Revenue	41,722	39,872	114,906	113,419
Traditional
Revenue
Revenue	5,979	8,083	19,495	24,485
Americas
Revenue
Revenue	68,788	75,022	201,612	222,643
Americas | Direct
Revenue
Revenue	31,561	38,025	93,548	113,246
Americas | Tech-enabled
Revenue
Revenue	31,248	28,914	88,569	84,912
Americas | Traditional
Revenue
Revenue	5,979	8,083	19,495	24,485
Europe
Revenue
Revenue	48,188	47,341	120,816	133,755
Europe | Direct
Revenue
Revenue	37,714	36,383	94,479	105,248
Europe | Tech-enabled
Revenue
Revenue	$ 10,474	$ 10,958	$ 26,337	$ 28,507

Settlement Processing Assets _3

Settlement Processing Assets and Obligations (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Settlement processing assets:
Receivable from card networks	$ 199,710	$ 232,458
Receivable from merchants	88,888	96,179
Totals	288,598	328,637
Settlement processing obligations:
Settlement liabilities due to merchants	(317,053)	(363,545)
Merchant reserves	(104,968)	(85,757)
Totals	$ (422,021)	$ (449,302)

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Numerator:
Net income (loss) attributable to EVO Payments, Inc.	$ 5,839	$ (1,844)	$ (2,740)	$ (6,671)
Accrual of redeemable preferred stock paid-in-kind dividends	2,360		4,131
Allocation of undistributed earnings to preferred shares	663
Undistributed earnings (loss) attributable to shares of Class A common stock	$ 2,816	$ (1,844)	$ (6,871)	$ (6,671)
Denominator:
Weighted-average Class A common stock outstanding	41,675,929	34,634,567	41,445,566	30,996,506
Effect of dilutive securities	960,687
Total dilutive securities	42,636,616	34,634,567	41,445,566	30,996,506
Earnings per share:
Basic (in dollars per share)	$ 0.07	$ (0.05)	$ (0.17)	$ (0.22)
Diluted (in dollars per share)	$ 0.07	$ (0.05)	$ (0.17)	$ (0.22)
Redeemable preferred stock
Earnings per share:
Weighted-average anti-dilutive securities	152,250		90,572
Stock options
Earnings per share:
Weighted-average anti-dilutive securities		3,307,082	5,013,228	3,002,231
RSUs
Earnings per share:
Weighted-average anti-dilutive securities		844,616	1,169,696	790,719
RSAs
Earnings per share:
Weighted-average anti-dilutive securities		14,672	4,323	22,359
Class C Common Stock
Earnings per share:
Weighted-average anti-dilutive securities	2,103,664	2,327,511	2,246,332	2,399,326
Class D Common Stock
Earnings per share:
Weighted-average anti-dilutive securities	4,490,812	10,019,169	4,392,211	12,829,719

Tax Receivable Agreement (Detai

Tax Receivable Agreement (Details) $ in Millions	9 Months Ended
	Sep. 30, 2020USD ($)
Tax Receivable Agreement
Payment on applicable cash tax savings (as a percent)	85.00%
Payments to TRA obligation	$ 0
Deferred tax asset pursuant to TRA	178.6
Deferred tax asset pursuant to TRA, net of amortization	164.8
Deferred tax liability pursuant to TRA	$ 151.8

Acquisitions (Details)

Acquisitions (Details) $ in Thousands, € in Millions, $ in Millions	1 Months Ended					3 Months Ended
	Sep. 30, 2019USD ($)	Sep. 30, 2019CAD ($)	Jul. 31, 2019USD ($)	Mar. 31, 2019USD ($)	Mar. 31, 2019EUR (€)	Sep. 30, 2020USD ($)	Jun. 30, 2020USD ($)	Dec. 31, 2019USD ($)
Allocation of purchase price
Goodwill						$ 372,321		$ 378,838
Delego Software
Allocation of purchase price
Deferred tax liability						(3,176)
Other assets, net						590
Goodwill						22,688
Total purchase price						32,415
Percentage of interest acquired	100.00%	100.00%
Total consideration transferred	$ 32,400	$ 42.6
Delego Software | Maximum
Allocation of purchase price
Deferred tax liability							$ 100
Delego Software | Purchased software
Allocation of purchase price
Finite-lived intangible assets						$ 8,513
Useful life of intangible assets						7 years
Delego Software | Customer relationships
Allocation of purchase price
Finite-lived intangible assets						$ 2,964
Useful life of intangible assets						15 years
Delego Software | Trademarks, definite-lived
Allocation of purchase price
Finite-lived intangible assets						$ 836
Useful life of intangible assets						2 years
SF Systems
Allocation of purchase price
Goodwill			$ 2,400
Percentage of interest acquired			100.00%
Total consideration transferred			$ 5,000
Upfront payment			4,000
Holdback liability			$ 1,000
Liability repayment period			18 months
SF Systems | Purchased software
Allocation of purchase price
Finite-lived intangible assets			$ 2,600
Useful life of intangible assets			5 years
Way 2 Pay Ltd
Allocation of purchase price
Percentage of interest acquired				100.00%
Total consideration transferred				$ 3,400	€ 3
Upfront payment | €					2.7
Holdback liability | €					€ 0.3
Liability repayment period				18 months	18 months
Liabilities assumed				$ 600
Way 2 Pay Ltd | Purchased software
Allocation of purchase price
Finite-lived intangible assets				$ 4,000
Useful life of intangible assets				5 years	5 years

Leases - Other (Details)

Leases - Other (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Operating Leases:
Weighted-average remaining lease term	6 years 11 months 8 days		6 years 11 months 8 days		7 years 9 months 14 days
Weighted-average discount rate used in the measurement of our lease liabilities	6.46%		6.46%		6.67%
Operating lease costs	$ 2.7	$ 3.1	$ 8.5	$ 8.7
Variable lease costs	$ 0.5	$ 0.7	1.6	1.6
Cash paid for amounts included in the measurement of operating lease liabilities			$ 8.1	$ 7.5

Leases - Maturities of lease li

Leases - Maturities of lease liabilities (Details) $ in Thousands	Sep. 30, 2020USD ($)
Maturities of lease liabilities
2020 (remainder of the year)	$ 1,720
2021	8,600
2022	8,285
2023	6,178
2024	5,368
2025 and thereafter	17,130
Total future minimum lease payments (undiscounted)	47,281
Less: present value discount	(9,783)
Present value of lease liability	$ 37,498

Equipment and Improvements (Det

Equipment and Improvements (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Equipment and Improvements
Equipment and improvements, Gross Totals	$ 249,677		$ 249,677		$ 246,261
Less accumulated depreciation	(177,106)		(177,106)		(155,323)
Foreign currency translation adjustment	(724)		(724)		3,526
Totals	71,847		71,847		94,464
Depreciation
Depreciation expense	9,900	$ 10,000	29,800	$ 31,500
Decrease in equipment and improvements			9,300	10,800
Decrease in accumulated depreciation			8,000	$ 10,700
Card processing equipment
Equipment and Improvements
Equipment and improvements, Gross Totals	138,694		138,694		137,190
Office equipment
Equipment and Improvements
Equipment and improvements, Gross Totals	44,539		44,539		42,561
Computer software
Equipment and Improvements
Equipment and improvements, Gross Totals	42,836		$ 42,836		42,621
Estimated useful lives			3 years
Leasehold improvements
Equipment and Improvements
Equipment and improvements, Gross Totals	19,090		$ 19,090		17,870
Furniture and fixtures
Equipment and Improvements
Equipment and improvements, Gross Totals	$ 4,518		$ 4,518		$ 6,019
Minimum | Card processing equipment
Equipment and Improvements
Estimated useful lives			3 years
Minimum | Office equipment
Equipment and Improvements
Estimated useful lives			3 years
Minimum | Furniture and fixtures
Equipment and Improvements
Estimated useful lives			5 years
Maximum | Card processing equipment
Equipment and Improvements
Estimated useful lives			5 years
Maximum | Office equipment
Equipment and Improvements
Estimated useful lives			5 years
Maximum | Furniture and fixtures
Equipment and Improvements
Estimated useful lives			7 years

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Intangible assets, net (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Intangible assets with finite lives:
Gross carrying value	$ 596,836		$ 596,836		$ 626,426
Accumulated amortization	(295,741)		(295,741)		(268,012)
Accumulated impairment charges	(24,334)		(24,334)		(50,329)
Translation and other adjustments	(62,956)		(62,956)		(50,525)
Net	213,805		213,805		257,560
Accumulated impairment losses	0	$ (3,872)	(782)	$ (10,504)
Other disclosures
Amortization expense related to intangible assets	12,300	12,800	34,300	36,900
Impairment of intangible assets	0	$ 3,872	782	$ 10,504
Trademarks, definite-lived
Intangible assets with finite lives:
Gross carrying value					18,499
Accumulated impairment losses					(18,499)
Other disclosures
Reduction in gross carrying value			18,500
Impairment of intangible assets					18,499
Merchant contract portfolios and customer relationships
Intangible assets with finite lives:
Gross carrying value	293,581		293,581		296,033
Accumulated amortization	(176,230)		(176,230)		(163,358)
Accumulated impairment charges	(5,685)		(5,685)		(7,089)
Translation and other adjustments	(33,219)		(33,219)		(26,347)
Net	78,447		78,447		99,239
Other disclosures
Reduction in gross carrying value			2,400
Marketing alliance agreements
Intangible assets with finite lives:
Gross carrying value	186,081		186,081		191,879
Accumulated amortization	(66,518)		(66,518)		(59,545)
Accumulated impairment charges	(7,557)		(7,557)		(11,920)
Translation and other adjustments	(23,856)		(23,856)		(17,468)
Net	88,150		88,150		102,946
Other disclosures
Reduction in gross carrying value			5,800
Trademarks, definite-lived
Intangible assets with finite lives:
Gross carrying value	21,629		21,629		29,493
Accumulated amortization	(10,583)		(10,583)		(13,129)
Accumulated impairment charges	(901)		(901)		(2,631)
Translation and other adjustments	(3,442)		(3,442)		(4,600)
Net	6,703		6,703		9,133
Other disclosures
Reduction in gross carrying value			7,900
Computer software
Intangible assets with finite lives:
Gross carrying value	89,083		89,083		84,060
Accumulated amortization	(36,007)		(36,007)		(26,042)
Accumulated impairment charges	(10,191)		(10,191)		(10,190)
Translation and other adjustments	(2,440)		(2,440)		(2,110)
Net	40,445		40,445		45,718
Non-compete agreements
Intangible assets with finite lives:
Gross carrying value	6,462		6,462		6,462
Accumulated amortization	(6,403)		(6,403)		(5,938)
Translation and other adjustments	1		1
Net	$ 60		$ 60		$ 524

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Estimated amortization expense (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Estimated amortization expense
2020 (remainder of the year)	$ 11,920
2021	40,895
2022	33,704
2023	28,148
2024	17,388
2025 and thereafter	81,750
Total	$ 213,805	$ 257,560

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets - Intangible assets, net by segment (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Intangible assets, net
Total intangible assets, net	$ 213,805	$ 257,560
Americas
Intangible assets, net
Total intangible assets, net	146,343	179,243
Americas | Merchant contract portfolios and customer relationships
Intangible assets, net
Total intangible assets, net	58,398	74,791
Americas | Marketing alliance agreements
Intangible assets, net
Total intangible assets, net	61,056	72,272
Americas | Trademarks, definite-lived
Intangible assets, net
Total intangible assets, net	1,689	2,994
Americas | Computer software
Intangible assets, net
Total intangible assets, net	25,161	28,697
Americas | Non-compete agreements
Intangible assets, net
Total intangible assets, net	39	489
Europe
Intangible assets, net
Total intangible assets, net	67,462	78,317
Europe | Merchant contract portfolios and customer relationships
Intangible assets, net
Total intangible assets, net	20,049	24,448
Europe | Marketing alliance agreements
Intangible assets, net
Total intangible assets, net	27,094	30,674
Europe | Trademarks, definite-lived
Intangible assets, net
Total intangible assets, net	5,014	6,139
Europe | Computer software
Intangible assets, net
Total intangible assets, net	15,284	17,021
Europe | Non-compete agreements
Intangible assets, net
Total intangible assets, net	$ 21	$ 35

Goodwill and Intangible Asset_5

Goodwill and Intangible Assets - Goodwill activity (Details) - USD ($) $ in Thousands	1 Months Ended	9 Months Ended
	Jun. 30, 2020	Sep. 30, 2020	Dec. 31, 2019
Goodwill, Roll forward
Goodwill, gross, at the beginning of the year			$ 403,129
Accumulated impairment losses			(24,291)
Goodwill, net, at the beginning of the year		$ 378,838
Business combinations		61
Foreign currency translation adjustment		(6,578)
Goodwill, net, at the end of the year		372,321
Americas
Goodwill, Roll forward
Goodwill, gross, at the beginning of the year			268,049
Goodwill, net, at the beginning of the year		268,049
Business combinations		61
Foreign currency translation adjustment		(6,846)
Goodwill, net, at the end of the year		261,264
Europe
Goodwill, Roll forward
Goodwill, gross, at the beginning of the year			135,080
Accumulated impairment losses			$ (24,291)
Goodwill, net, at the beginning of the year		110,789
Business combinations
Foreign currency translation adjustment		268
Goodwill, net, at the end of the year		111,057
Delego Software
Goodwill, Roll forward
Goodwill, net, at the end of the year		$ 22,688
Delego Software | Maximum
Goodwill, Roll forward
Goodwill acquired	$ 100

Accounts Payable and Accrued _3

Accounts Payable and Accrued Expenses (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Accounts Payable and Accrued Expenses
Compensation and related benefits	$ 21,726	$ 18,460
Third-party processing and payment network fees	42,003	36,409
Trade payables	5,741	11,571
Taxes payable	9,699	18,556
Commissions payable to third parties and agents	15,195	15,030
Unearned revenue	4,302	4,309
Other	15,950	19,328
Total accounts payable and accrued expenses	$ 114,616	$ 123,663

Related Party Transactions - Re

Related Party Transactions - Related party balances (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Related party balances:
Due from Related Parties, Current	$ 630	$ 1,125
Due to related parties, current	(4,429)	(7,325)
Due to related parties, long term	$ (185)	$ (385)

Related Party Transactions - Tr

Related Party Transactions - Transactions (Details) - USD ($) $ / shares in Units, $ in Thousands	Aug. 04, 2020	Apr. 21, 2020	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Related Party Transactions
Lease liabilities			$ 37,498		$ 37,498
Purchaser | Series A Convertible Preferred Stock
Related Party Transactions
Number of shares issued		152,250
515 Broadhollow, LLC
Related Party Transactions
Lease liabilities			3,300		3,300		$ 4,100
Sublease Income			100	$ 100	100	$ 100
Commission Expense
Related Party Transactions
Expenses with related parties			3,100	5,200	12,000	15,000
Sale of Equipment and Services
Related Party Transactions
Revenue from related parties			100	100	100	300
MDP
Related Party Transactions
Reimbursement of expenses		$ 800
MDP | Purchaser | Series A Convertible Preferred Stock
Related Party Transactions
Price per share		$ 985.221685
Omega Processing Solutions, L.L.C.
Related Party Transactions
Percentage equity interest sold	25.00%
Cash proceeds from sale of equity interest	$ 1,600
Net gain on sale of equity interest	$ 300
Minority held affiliates
Related Party Transactions
Liabilities to related companies			3,300		3,300		5,500
Lease liabilities			300		300		300
Unconsolidated investees
Related Party Transactions
Liabilities to related companies			1,100		1,100		$ 1,800
Blueapple | Treasury, Payroll, Tax Preparation and Other Services
Related Party Transactions
Expenses with related parties					100	200
Blueapple | Treasury, Payroll, Tax Preparation and Other Services | Maximum
Related Party Transactions
Expenses with related parties			100	100
Relative of Chairman
Related Party Transactions
Expenses with related parties			200	100	400	400
NFP
Related Party Transactions
Expenses with related parties			$ 100	$ 100	$ 300	$ 200

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Income Taxes
Effective income tax rate (as a percent)	31.72%	(231.60%)	(141.12%)	2.80%
Tax expense (benefit) related to changes enacted as a result of the CARES Act	$ (0.4)	$ 8.2	$ 2.2	$ 8.2
Deferred tax asset valuation allowance	$ 6.5	$ 6.5	$ 6.5	$ 6.5

Long-Term Debt and Lines of C_3

Long-Term Debt and Lines of Credit - Summary (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Long-term debt
Long term debt gross	$ 592,818
Less debt issuance costs	(8,026)	$ (9,965)
Total long-term debt	584,792	701,913
Less current portion of long-term debt, including accrued interest(1) of $4.1 million as of December 31, 2019	(4,628)	(8,744)
Total long-term debt, long-term portion	580,164	693,169
Accrued interest		4,100
Accrued Liabilities Current
Long-term debt
Accrued interest	300
Senior Secured Credit Facilities | Term loan
Long-term debt
Face amount of debt	665,000
Senior Secured Credit Facilities | Credit Facility
Long-term debt
Commitments	200,000
First lien senior secured credit facility | Term loan
Long-term debt
Long term debt gross	592,818	650,891
Outstanding balance of loan repaid	$ 50,000
First lien senior secured credit facility | Credit Facility
Long-term debt
Long term debt gross		$ 60,987

Long-Term Debt and Lines of C_4

Long-Term Debt and Lines of Credit - Principal payment requirements (Details) $ in Thousands	Sep. 30, 2020USD ($)
Principal payment requirements:
2020 (remainder of the year)	$ 1,648
2021	6,593
2022	6,593
2023	577,984
Total	$ 592,818

Long-Term Debt and Lines of C_5

Long-Term Debt and Lines of Credit - Settlement Obligations (Details) - Settlement facilities - USD ($) $ in Millions	Sep. 30, 2020	Dec. 31, 2019
Settlement obligations
Amount outstanding	$ 16.8	$ 33.3
Additional capacity	$ 125.4	$ 133.9
Weighted-average interest rate	3.10%	4.30%

Derivatives - Narrative (Detail

Derivatives - Narrative (Details) - Interest Rate Swap - USD ($) $ in Thousands	Sep. 30, 2020	May 31, 2020
Derivatives
Notional amount		$ 500,000
Interest rate		0.2025%
Reclassification of interest expense over the next 12 months	$ 300
Accrued Liabilities Current
Derivatives
Fair value of interest rate swap liability	(272)
Other long-term liabilities
Derivatives
Fair value of interest rate swap liability	$ (422)

Derivatives - AOCI (Details)

Derivatives - AOCI (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Effect of hedge accounting on accumulated other comprehensive loss
Beginning balance			$ (882,647)
Derivative loss reclassified from accumulated other comprehensive loss into interest expense	$ (38)		(53)
Ending balance	(847,300)		(847,300)
Interest expense	(6,717)	$ (11,085)	(23,916)	$ (34,006)
Accumulated Gain (Loss), Cash Flow Hedge
Effect of hedge accounting on accumulated other comprehensive loss
Beginning balance	(863)
Derivative gain (loss) recognized in the current period in accumulated other comprehensive loss	131		(747)
Derivative loss reclassified from accumulated other comprehensive loss into interest expense	(38)		(53)
Ending balance	(694)		(694)
Interest Rate Swap
Effect of hedge accounting on accumulated other comprehensive loss
Interest expense	$ (6,717)		$ (23,916)

Supplemental Cash Flows Infor_3

Supplemental Cash Flows Information (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Supplemental disclosure of cash flow data:
Interest paid	$ 25,391	$ 31,289
Income taxes paid	10,525	14,842
Supplemental disclosure of non-cash investing and financing activities:
Operating lease liabilities arising from obtaining new or modified right-of-use assets	2,763	16,799
Decrease in operating lease liabilities and corresponding right-of-use assets resulting from lease modifications	(6,798)	(623)
Acquisition holdback payable		1,337
Accrual of redeemable preferred stock paid-in-kind-dividends	4,131
Exchanges of Class C and Class D common stock for Class A common stock	$ 9,425	20,985
Secondary Offering		$ 303,400

Redeemable Preferred Stock (Det

Redeemable Preferred Stock (Details) $ / shares in Units, $ in Thousands	Sep. 30, 2020USD ($)$ / shares	Apr. 21, 2020USD ($)D$ / sharesshares	Sep. 30, 2020USD ($)$ / shares	Sep. 30, 2020USD ($)$ / shares	Dec. 31, 2019$ / shares
Temporary Equity [Line Items]
Redeemable preferred stock issuance costs				$ 1,660
Series A Convertible Preferred Stock
Temporary Equity [Line Items]
Proceeds from issuance of preferred stock		$ 149,300
Redeemable preferred stock issuance costs		$ 1,700
Liquidation preference per share (in dollars per share) | $ / shares		$ 1,000
Amortization period of discount		10 years
Carrying value of the preferred stock increased for accretion of the PIK dividend			$ 2,300	$ 4,100
PIK dividend rate		6.22%
Percentage of increase in paid in kind dividend rate		1.00%
Period of antidilutive offerings to be adjusted in calculation of conversion rate		9 months
Threshold trading days | D		20
Threshold consecutive trading days | D		30
Percentage of then current liquidation preference per share plus accumulated and unpaid dividends as cash consideration		150.00%
Convertible preferred stock redemption period		10 years
Estimated amount for repurchase of redeemable preferred stock	$ 234,400
Series A Convertible Preferred Stock | Purchaser
Temporary Equity [Line Items]
Number of shares issued | shares		152,250
Series A Convertible Preferred Stock | Convertible Preferred Stock, Dividend Rate For First Ten Years
Temporary Equity [Line Items]
PIK dividend rate		6.00%
Series A Convertible Preferred Stock | Convertible Preferred Stock, Dividend Rate Thereafter
Temporary Equity [Line Items]
PIK dividend rate		8.00%
Series A Convertible Preferred Stock | Prior to the fourth semi-annual PIK dividend payment date
Temporary Equity [Line Items]
Threshold stock price trigger percentage		180.00%
Series A Convertible Preferred Stock | After fourth and prior to the fourth semi-annual PIK dividend payment date
Temporary Equity [Line Items]
Threshold stock price trigger percentage		170.00%
Series A Convertible Preferred Stock | On or after the sixth and prior to the eighth semi-annual PIK dividend payment date
Temporary Equity [Line Items]
Threshold stock price trigger percentage		160.00%
Series A Convertible Preferred Stock | On or after the eighth semi-annual PIK dividend payment date
Temporary Equity [Line Items]
Threshold stock price trigger percentage		150.00%
Series A Convertible Preferred Stock | Change of Control is on or after the sixth semi-annual PIK dividend payment date
Temporary Equity [Line Items]
Percentage of then current liquidation preference per share plus accumulated and unpaid dividends as cash consideration		100.00%
Class A Common Stock
Temporary Equity [Line Items]
Common stock, par value (in dollars per share) | $ / shares	$ 0.0001		$ 0.0001	$ 0.0001	$ 0.0001
Conversion rate | shares		63.2911
Conversion price | $ / shares		$ 15.80

Redeemable Non-controlling In_3

Redeemable Non-controlling Interests (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Sep. 30, 2020	Dec. 31, 2019
Redeemable Non-controlling Interests
Beginning balance		$ 889,952	$ 619,205	$ 1,052,448	$ 1,248,448	$ 1,163,203	$ 1,010,093	$ 1,052,448	$ 1,010,093
Net (loss) income		7,800	(4,333)	(7,288)	(1,124)	2,579	(8,932)	(3,821)	(6,712)
Unrealized (loss) gain on foreign currency translation adjustment								(10,338)	(229)
Purchase of Blueapple Class B common stock in connection with secondary offerings									(48,447)
Decrease in maximum redemption amount in connection with purchase of Blueapple Class B common stock									(2,843)
(Decrease) increase in the maximum redemption amount								(27,521)	122,018
Allocation of fair value adjustment								(1,989)	(11,957)
Distributions						(744)	(5,465)		(9,475)
Ending balance	$ 1,008,491	1,008,491	$ 889,952	619,205	$ 1,108,644	$ 1,248,448	1,163,203	1,008,491	1,052,448
Interest Rate Swap
Redeemable Non-controlling Interests
Unrealized loss on change in fair value of interest rate swap								(288)
Blueapple
Redeemable Non-controlling Interests
Beginning balance				902,258			885,986	902,258	885,986
Net (loss) income								(9,141)	(14,567)
Unrealized (loss) gain on foreign currency translation adjustment								(9,318)	241
Purchase of Blueapple Class B common stock in connection with secondary offerings									(48,447)
Decrease in maximum redemption amount in connection with purchase of Blueapple Class B common stock									(2,843)
(Decrease) increase in the maximum redemption amount								(32,558)	93,845
Allocation of fair value adjustment								(1,989)	(11,957)
Distributions
Ending balance	$ 848,964	$ 848,964						848,964	902,258
Blueapple | Interest Rate Swap
Redeemable Non-controlling Interests
Unrealized loss on change in fair value of interest rate swap								$ (288)
eService
Redeemable Non-controlling Interests
Ownership interest (as a percent)	66.00%	66.00%						66.00%
Beginning balance				$ 150,190			$ 124,107	$ 150,190	124,107
Net (loss) income								5,320	7,855
Unrealized (loss) gain on foreign currency translation adjustment								(1,020)	(470)
Purchase of Blueapple Class B common stock in connection with secondary offerings
Decrease in maximum redemption amount in connection with purchase of Blueapple Class B common stock
(Decrease) increase in the maximum redemption amount								5,037	28,173
Allocation of fair value adjustment
Distributions									(9,475)
Ending balance	$ 159,527	$ 159,527						159,527	$ 150,190
eService | Interest Rate Swap
Redeemable Non-controlling Interests
Unrealized loss on change in fair value of interest rate swap
EVO LLC
Redeemable Non-controlling Interests
Ownership interest (as a percent)	50.80%

Fair Value - Summary (Details)

Fair Value - Summary (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Fair Value
Investment in equity securities	$ 23,336
Interest Rate Swap
Fair Value
Fair value of derivative liability	(700)
Recurring
Fair Value
Cash equivalents	44,519	$ 7,715
Contingent consideration	(1,147)	(2,300)
Investment in equity securities	23,336
Total	(942,477)	(1,047,033)
Recurring | Interest Rate Swap
Fair Value
Fair value of derivative liability	(694)
Recurring | Blueapple
Fair Value
Redeemable non-controlling interest	(848,964)	(902,258)
Recurring | eService
Fair Value
Redeemable non-controlling interest	(159,527)	(150,190)
Level 1 | Recurring
Fair Value
Cash equivalents	44,519	7,715
Total	(804,445)	(894,543)
Level 1 | Recurring | Blueapple
Fair Value
Redeemable non-controlling interest	(848,964)	(902,258)
Level 2 | Recurring
Fair Value
Investment in equity securities	23,336
Total	22,642
Level 2 | Recurring | Interest Rate Swap
Fair Value
Fair value of derivative liability	(694)
Level 3 | Recurring
Fair Value
Contingent consideration	(1,147)	(2,300)
Total	(160,674)	(152,490)
Level 3 | Recurring | eService
Fair Value
Redeemable non-controlling interest	$ (159,527)	$ (150,190)

Fair Value - Other (Details)

Fair Value - Other (Details) $ in Thousands, € in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2020USD ($)	Sep. 30, 2020USD ($)	Sep. 30, 2020EUR (€)	Dec. 31, 2019USD ($)	Dec. 31, 2019EUR (€)
Fair Value
Long-term debt, fair value	$ 586,100	$ 586,100		$ 711,900
Long-term debt	584,792	584,792		701,913
Estimated fair value of Visa preferred shares	19,800	19,800		37,800
Gain on investment in equity securities	15,750	15,750
Series C preferred stock
Fair Value
Carrying amount of Visa preferred shares	7,400	$ 7,400	€ 6.5	$ 14,700	€ 12.9
Convertible preferred stock, conversion period (in years)		12 years
Interest Rate Swap
Fair Value
Derivative Liability, Fair Value, Gross Liability	$ 700	$ 700
Minimum | Market Approach
Fair Value
Valuation multiples for revenue		3.50
Valuation multiples for EBITDA		7
Maximum | Market Approach
Fair Value
Valuation multiples for revenue		4
Valuation multiples for EBITDA		7.50
eService | Income Approach
Fair Value
Redeemable non-controlling interest, measurement input (as a percent)		75.00%
eService | Market Approach
Fair Value
Redeemable non-controlling interest, measurement input (as a percent)		25.00%
eService | Weighted Average Cost of Capital
Fair Value
Redeemable non-controlling interest, measurement input (as a percent)		13.50%
eService | Maximum | Growth Rate
Fair Value
Redeemable non-controlling interest, measurement input (as a percent)		10.40%

Segment Information - Informati

Segment Information - Information on segments & reconciliations (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Segment Information
Revenue	$ 116,976	$ 122,363	$ 322,428	$ 356,398
Segment profit	21,360	(1,414)	(3,329)	(20,814)
Depreciation and amortization	(22,167)	(22,804)	(64,116)	(68,412)
Net interest expense	(6,491)	(10,227)	(23,059)	(31,738)
Provision for income tax benefit	(6,775)	(3,590)	(4,699)	618
Share-based compensation expense	(5,916)	(3,019)	(15,391)	(7,841)
Less: Net income (loss) attributable to non-controlling interests of EVO Investco, LLC	(5,190)	5,380	10,932	18,323
Net income (loss) attributable to EVO Payments, Inc.	5,839	(1,844)	(2,740)	(6,671)
Capital expenditures	4,045	11,336	12,719	24,639
Operating
Segment Information
Segment profit	63,315	41,628	121,712	107,474
Corporate
Segment Information
Segment profit	(10,937)	(9,212)	(28,119)	(25,095)
Americas
Segment Information
Revenue	68,788	75,022	201,612	222,643
Segment profit	28,869	23,086	71,649	65,616
Capital expenditures	1,852	5,393	7,458	12,948
Europe
Segment Information
Revenue	48,188	47,341	120,816	133,755
Segment profit	34,446	18,542	50,063	41,858
Capital expenditures	$ 2,193	$ 5,943	$ 5,261	$ 11,691

Segment Information - Revenue f

Segment Information - Revenue from external customers (Detail) - Revenue from external customers - Geographic Concentration Risk	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
United States
Revenue from external customers
Revenue from external customers as a percentage of total revenue	40.00%	40.20%	42.40%	41.00%
Mexico
Revenue from external customers
Revenue from external customers as a percentage of total revenue	16.10%	18.90%	17.30%	19.40%
Poland
Revenue from external customers
Revenue from external customers as a percentage of total revenue	20.80%	18.20%	18.20%	18.00%

Shareholder's Equity - Organiza

Shareholder's Equity - Organization structure (Details)	9 Months Ended
	Sep. 30, 2020Voteshares
Class A Common Stock
Shareholders' Equity
Number of votes per share	1
Exchange basis for newly issued shares | shares	1
Class B Common Stock
Shareholders' Equity
Voting rights percentage	15.90%
Class C Common Stock
Shareholders' Equity
Number of votes per share	3.5
Class D Common Stock
Shareholders' Equity
Number of votes per share	1

Stock Compensation Plans and _3

Stock Compensation Plans and Share-Based Compensation Awards - Share based compensation expenses (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Feb. 25, 2020	May 22, 2018
Stock Compensation Plans and Share-Based Compensation Awards
Share-based compensation expense	$ 5,916	$ 3,019	$ 15,391	$ 7,841
Income tax benefit	$ (676)	$ (289)	$ (1,752)	$ (688)
Class A Common Stock
Stock Compensation Plans and Share-Based Compensation Awards
Shares reserved for issuance					15,142,162
2018 Plan | Class A Common Stock
Stock Compensation Plans and Share-Based Compensation Awards
Shares reserved for issuance						7,792,162

Stock Compensation Plans and _4

Stock Compensation Plans and Share-Based Compensation Awards - Awards, UAR, RSA (Details) $ / shares in Units, shares in Thousands, $ in Thousands	May 25, 2018employee$ / shares	Sep. 30, 2020USD ($)$ / sharesshares	Sep. 30, 2019USD ($)	May 23, 2018USD ($)	Sep. 30, 2020USD ($)$ / sharesshares	Sep. 30, 2019USD ($)
Stock Compensation Plans and Share-Based Compensation Awards
Share-based compensation expense		$ 5,916	$ 3,019		$ 15,391	$ 7,841
RSAs
Stock Compensation Plans and Share-Based Compensation Awards
Fair value (in dollars per share) | $ / shares	$ 16
Share-based compensation expense				$ 0		200
Unrecognized compensation expense		$ 100	100		100	100
Number of employees or former employees who held awards | employee	35
Total fair value of share based awards vested					$ 100	$ 400
Number outstanding
Balance at beginning of period (in shares) | shares					8
Vested (in shares) | shares					(4)
Balance at end of period (in shares) | shares		4			4
Weighted average grant date fair value
Balance at beginning of period (in dollars per share) | $ / shares					$ 16
Vested (in dollars per share) | $ / shares					16
Balance at end of period (in dollars per share) | $ / shares		$ 16			$ 16
RSAs | Maximum
Stock Compensation Plans and Share-Based Compensation Awards
Share-based compensation expense		$ 100	$ 100		$ 100

Stock Compensation Plans and _5

Stock Compensation Plans and Share-Based Compensation Awards - RSU (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Stock Compensation Plans and Share-Based Compensation Awards
Share-based compensation expense	$ 5,916	$ 3,019	$ 15,391	$ 7,841
RSUs
Stock Compensation Plans and Share-Based Compensation Awards
Share-based compensation expense	2,200	1,300	6,200	3,400
Unrecognized compensation expense	$ 21,900	$ 16,100	$ 21,900	$ 16,100
Vesting period			4 years
Weighted average period outstanding for unvested RSUs			2 years 7 months 6 days	3 years
Total fair value of share based awards vested			$ 5,400	$ 2,300
Number outstanding
Balance at beginning of period (in shares)			876
Granted (in shares)			617
Vested (in shares)			(249)
Forfeited (in shares)			(81)
Balance at end of period (in shares)	1,163		1,163
Weighted average grant date fair value
Balance at beginning of period (in dollars per share)			$ 22.30
Granted (in dollars per share)			23.20
Vested (in dollars per share)			21.64
Forfeited (in dollars per share)			22.08
Balance at end of period (in dollars per share)	$ 22.94		$ 22.94

Stock Compensation Plans and _6

Stock Compensation Plans and Share-Based Compensation Awards - Stock Options (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	Aug. 31, 2020	Mar. 29, 2020	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Stock Compensation Plans and Share-Based Compensation Awards
Share-based compensation expense			$ 5,916	$ 3,019	$ 15,391	$ 7,841
Stock options
Stock Compensation Plans and Share-Based Compensation Awards
Share-based compensation expense			$ 3,700	1,700	$ 9,100	$ 4,200
Number outstanding
Balance at beginning of period (in shares)					3,369
Granted (in shares)					2,448
Exercised (in shares)					(364)
Forfeited (in shares)					(305)
Balance at end of period (in shares)			5,148		5,148		3,369
Exercisable at end of period (in shares)			1,341		1,341
Weighted average grant date fair value
Balance at beginning of period (in dollars per share)					$ 7.90
Granted (in dollars per share)					6.84
Exercised (in dollars per share)					5.60
Forfeited (in dollars per share)					7.58
Balance at end of period (in dollars per share)			$ 7.58		7.58		$ 7.90
Exercisable at end of period (in dollars per share)			7.06		7.06
Weighted average exercise price
Balance at beginning of period (in dollars per share)					20.46
Granted (in dollars per share)					20.84
Exercised (in dollars per share)					15.16
Forfeited (in dollars per share)					20.60
Balance at end of period (in dollars per share)			21.01		21.01		$ 20.46
Exercisable at end of period (in dollars per share)			$ 18.07		$ 18.07
Share-based Compensation Arrangement by Share-based Payment Award, Options, Weighted Average Contractual Term [Abstract]
Weighted average remaining contractual term (in years)					8 years 7 months 6 days		8 years 9 months 7 days
Exercisable at Weighted average remaining contractual term (in years)					8 years 1 month 9 days
Total Intrinsic Value
Aggregate Intrinsic Value at beginning of period					$ 20,312
Aggregate Intrinsic Value, Exercised					4,414
Aggregate Intrinsic Value at end of period			$ 22,307		22,307		$ 20,312
Aggregate Intrinsic Value, Exercisable Options			9,490		$ 9,490
Other disclosures
Weighted average period outstanding for unvested stock options					2 years 4 months 24 days	3 years 3 months 18 days
Unrecognized compensation expense			$ 24,500	$ 19,900	$ 24,500	$ 19,900
Vesting period					4 years
Expiration period					10 years
Percentage of stock options granted		50.00%
Percentage of stock options vested	50.00%
Percentage of remaining stock option vested					50.00%

Stock Compensation Plans and _7

Stock Compensation Plans and Share-Based Compensation Awards - Fair Value Assumptions (Details) - Stock options - $ / shares	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Assumptions used in estimating grant date fair values
Expected life (in years)	7 years	7 years
Weighted average risk free interest rate (as a percent)	0.86%	2.59%
Expected volatility (as a percent)	30.24%	33.35%
Dividend yield (as a percent)	0.00%	0.00%
Weighted average fair value at grant date	6.84	9.46