EVO Payments (EVOP) 10-Q 6 May 21 2021 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2021	Apr. 26, 2021
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2021
Document Transition Report	false
Entity File Number	001-38504
Entity Registrant Name	EVO Payments, Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	82-1304484
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 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	2021
Document Fiscal Period Focus	Q1
Amendment Flag	false
Class A Common Stock
Entity Common Stock, Shares Outstanding		46,855,484
Class B Common Stock
Entity Common Stock, Shares Outstanding		32,163,538
Class C Common Stock
Entity Common Stock, Shares Outstanding		1,636,425
Class D Common Stock
Entity Common Stock, Shares Outstanding		2,315,870

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Current assets:
Cash and cash equivalents	$ 401,046	$ 418,439
Accounts receivable, net	12,243	17,052
Other receivables	17,101	20,128
Due from related parties	540	625
Inventory	6,464	5,221
Settlement processing assets	303,836	285,705
Other current assets	12,334	14,659
Total current assets	753,564	761,829
Equipment and improvements, net	77,135	83,606
Goodwill, net	375,976	383,108
Intangible assets, net	202,763	217,077
Investment in unconsolidated investees	477	839
Deferred tax assets	231,334	234,749
Operating lease right-of-use assets	34,892	35,124
Investment in equity securities, at fair value	24,921	25,526
Other assets	15,724	15,863
Total assets	1,716,786	1,757,721
Current liabilities:
Settlement lines of credit	10,266	13,718
Current portion of long-term debt	4,628	4,628
Accounts payable	5,655	9,482
Accrued expenses	97,958	113,127
Settlement processing obligations	455,722	446,344
Current portion of operating lease liabilities, inclusive of related party liability of $1.2 million and $1.1 million at March 31, 2021 and December 31, 2020, respectively	6,822	6,614
Due to related parties	3,391	5,124
Total current liabilities	584,442	599,037
Long-term debt, net of current portion	578,161	579,162
Due to related parties	185	185
Deferred tax liabilities	14,799	13,957
Tax receivable agreement obligations, inclusive of related party liability of $165.2 million and $164.3 million at March 31, 2021 and December 31, 2020, respectively	174,871	173,890
ISO reserves	2,854	2,942
Operating lease liabilities, net of current portion, inclusive of related party liability of $2.0 million and $2.2 million at March 31, 2021 and December 31, 2020, respectively	30,326	30,968
Other long-term liabilities	6,479	7,047
Total liabilities	1,392,117	1,407,188
Redeemable non-controlling interests	1,044,814	1,055,633
Redeemable preferred stock (par value, $0.0001 per share), Authorized, Issued and Outstanding - 152,250 shares at March 31, 2021 and December 31, 2020. Liquidation preference: $160,999 and $158,647 at March 31, 2021 and December 31, 2020, respectively	156,500	154,118
Shareholders' equity (deficit):
Accumulated deficit attributable to Class A common stock	(687,734)	(675,209)
Accumulated other comprehensive (loss) income	(9,068)	1,045
Total EVO Payments, Inc. shareholders' deficit	(696,794)	(674,156)
Nonredeemable non-controlling interests	(179,851)	(185,062)
Total deficit	(876,645)	(859,218)
Total liabilities, redeemable non-controlling interests, redeemable preferred stock, and shareholders' deficit	1,716,786	1,757,721
Class A Common Stock
Shareholders' equity (deficit):
Common stock	5	5
Class B Common Stock
Shareholders' equity (deficit):
Common stock	$ 3	$ 3

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Operating lease liabilities, related party current	$ 1,200	$ 1,100
Tax receivable agreement, related party	165,200	164,300
Operating lease liabilities, related party non current	$ 2,000	$ 2,200
Redeemable preferred stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Redeemable preferred stock shares authorized (in shares)	152,250	152,250
Redeemable preferred stock shares issued (in shares)	152,250	152,250
Redeemable preferred stock shares outstanding (in shares)	152,250	152,250
Redeemable preferred stock liquidation preference	$ 160,999	$ 158,647
Class A Common Stock
Shareholders' 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)	46,844,184	46,401,607
Common stock shares outstanding (in shares)	46,844,184	46,401,607
Class B Common Stock
Shareholders' 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)	32,163,538	32,163,538
Common stock shares outstanding (in shares)	32,163,538	32,163,538
Class C Common Stock
Shareholders' 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)	1,638,425	1,720,425
Common stock shares outstanding (in shares)	1,638,425	1,720,425
Class D Common Stock
Shareholders' 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)	2,315,870	2,390,870
Common stock shares outstanding (in shares)	2,315,870	2,390,870

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Condensed Consolidated Statements of Operations and Comprehensive Loss
Revenue	$ 106,180	$ 111,169
Operating expenses:
Cost of services and products	17,127	23,129
Selling, general, and administrative	60,398	72,303
Depreciation and amortization	20,926	21,424
Impairment of intangible assets	0	0
Total operating expenses	98,451	116,856
Income (loss) from operations	7,729	(5,687)
Other income (expense):
Interest income	241	413
Interest expense	(6,098)	(9,867)
(Loss) income from investment in unconsolidated investees	(163)	40
Loss on investment in equity securities	(240)
Other income (expense), net	238	(49)
Total other expense	(6,022)	(9,463)
Income (loss) before income taxes	1,707	(15,150)
Income tax (expense) benefit	(4,530)	1,580
Net loss	(2,823)	(13,570)
Less: Net income attributable to non-controlling interests in consolidated entities	1,068	1,039
Less: Net loss attributable to non-controlling interests of EVO Investco, LLC	(3,049)	(9,801)
Net loss attributable to EVO Payments, Inc.	(842)	(4,808)
Less: Accrual of redeemable preferred stock paid-in-kind dividends	2,382
Net loss attributable to Class A common stock	$ (3,224)	$ (4,808)
Earnings per share
Basic (in dollars per share)	$ (0.07)	$ (0.12)
Diluted (in dollars per share)	$ (0.07)	$ (0.12)
Weighted-average Class A common stock outstanding
Basic (in shares)	46,509,375	41,259,398
Diluted (in shares)	46,509,375	41,259,398
Comprehensive loss:
Net loss	$ (2,823)	$ (13,570)
Change in fair value of interest rate swap, net of tax	389
Unrealized loss on foreign currency translation adjustment, net of tax	(21,771)	(47,709)
Other comprehensive loss	(21,382)	(47,709)
Comprehensive income (loss)	(24,205)	(61,279)
Less: Comprehensive income attributable to non-controlling interests in consolidated entities	(2,748)	(3,749)
Less: Comprehensive loss attributable to non-controlling interests of EVO Investco, LLC	(10,502)	(34,166)
Comprehensive loss attributable to EVO Payments, Inc.	$ (10,955)	$ (23,364)

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Operations and Comprehensive Loss (Parenthetical) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Condensed Consolidated Statements of Operations and Comprehensive Loss
Change in fair value of interest rate swap, tax expense	$ (0.1)
Unrealized (loss) gain on foreign currency translation adjustment, tax (expense) benefit	$ (0.5)	$ 6.1

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Changes in Equity (Deficit) - USD ($) $ in Thousands	Total deficit (equity)	EVO Payments, Inc. equity/(deficit)	Common StockClass A Common Stock	Common StockClass B Common Stock	Common StockClass C Common Stock	Common StockClass D Common Stock	Additional paid-in capital	Accumulated deficit attributable to Class A common stock	Accumulated other comprehensive loss	Nonredeemable non-controlling interests	Redeemable preferred stock	Total
Beginning balance at Dec. 31, 2019	$ (882,647)	$ (589,299)	$ 4	$ 3				$ (587,358)	$ (1,948)	$ (293,348)
Beginning balance (in shares) at Dec. 31, 2019			41,234,000	34,164,000	2,322,000	4,355,000
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)			107,000
Stock options exercised	17	17					17
Stock options exercised (in shares)			1,000
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)			19,000		(4,000)	(15,000)
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)	$ 4	$ 3			6,035	(246,961)	(20,504)	(242,406)
Ending balance (in shares) at Mar. 31, 2020			41,361,000	34,164,000	2,318,000	4,340,000
Beginning balance at Dec. 31, 2019												$ 1,052,448
Redeemable non-controlling interests
Net income (loss)												(7,288)
Cumulative translation adjustment												(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 Dec. 31, 2020											$ 154,118	$ 154,118
Ending balance (shares) at Dec. 31, 2020											152,000	152,250
Beginning balance at Dec. 31, 2019	(882,647)	(589,299)	$ 4	$ 3				(587,358)	(1,948)	(293,348)
Beginning balance (in shares) at Dec. 31, 2019			41,234,000	34,164,000	2,322,000	4,355,000
Ending balance at Dec. 31, 2020	(859,218)	(674,156)	$ 5	$ 3				(675,209)	1,045	(185,062)		$ (859,218)
Ending balance (in shares) at Dec. 31, 2020			46,402,000	32,164,000	1,720,000	2,391,000
Beginning balance at Dec. 31, 2019												1,052,448
Redeemable non-controlling interests
Net income (loss)												(1,149)
Distributions												(4,537)
Ending balance at Dec. 31, 2020												1,055,633
Redeemable Preferred Stock
Accrual of redeemable preferred stock paid-in-kind dividends											$ 2,382
Ending balance at Mar. 31, 2021											$ 156,500	$ 156,500
Ending balance (shares) at Mar. 31, 2021											152,000	152,250
Statements of Changes in Equity
Net income (loss)	(1,099)	(842)						(842)		(257)
Cumulative translation adjustment	(11,166)	(10,307)							(10,307)	(859)
Distributions	(161)									(161)
Accrual of redeemable preferred stock paid-in-kind dividends	(2,382)	(2,382)					(2,382)
Share-based compensation expense	5,798	5,798					5,798
Vesting of equity awards	(2,383)	(2,383)					(2,383)
Vesting of equity awards (in shares)			149,000
Stock options exercised	2,813	2,813					2,813
Stock options exercised (in shares)			136,000
Exchanges of Class C and Class D common stock for Class A common stock		(7,193)					(7,193)			7,193
Exchanges of Class C and Class D common stock for Class A common stock (in shares)			157,000		(82,000)	(75,000)
Deferred taxes in connection with increase in ownership of EVO Investco, LLC	113	113					113
Tax receivable agreement in connection with share exchanges	173	173					173
Change in fair value of interest rate swap	216	194							194	22
eService redeemable non-controlling interest fair value adjustment	10,028	9,247						9,247		781
Blueapple redeemable non-controlling interest fair value adjustment	(19,377)	(17,869)						(17,869)		(1,508)
Reclassification of additional paid-in-capital to accumulated deficit							$ 3,061	(3,061)
Ending balance at Mar. 31, 2021	$ (876,645)	$ (696,794)	$ 5	$ 3				$ (687,734)	$ (9,068)	$ (179,851)		$ (876,645)
Ending balance (in shares) at Mar. 31, 2021			46,844,000	32,164,000	1,638,000	2,316,000
Redeemable non-controlling interests
Net income (loss)												(1,724)
Cumulative translation adjustment												(10,605)
Contributions												488
Distributions												(8,500)
Change in fair value of interest rate swap												173
eService redeemable non-controlling interest fair value adjustment												(10,028)
Blueapple redeemable non-controlling interest fair value adjustment subsequent to the Reorganization Transactions												19,377
Ending balance at Mar. 31, 2021												$ 1,044,814

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Cash flows from operating activities:
Net loss	$ (2,823)	$ (13,570)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation and amortization	20,926	21,424
Unrealized loss on equity securities	240
Amortization of deferred financing costs	669	669
Share-based compensation expense	5,798	3,585
Accrued interest expense	4	(4,116)
Deferred taxes, net	5,150	(4,833)
Other	(615)	(53)
Changes in operating assets and liabilities, net of effect of acquisitions:
Accounts receivable, net	4,416	3,615
Other receivables	2,416	5,307
Inventory	(1,428)	(1,939)
Other current assets	1,947	(1,699)
Operating lease right-of-use assets	1,641	1,807
Other assets	(218)	(436)
Related parties, net	(1,319)	(1,831)
Accounts payable	377	466
Accrued expenses	(11,973)	(3,948)
Settlement processing funds, net	(7,052)	(29,222)
Operating lease liabilities	(1,740)	(1,822)
Other	1,299	(65)
Net cash provided by (used in) operating activities	17,715	(26,661)
Cash flows from investing activities:
Purchase of equipment and improvements	(10,861)	(5,167)
Acquisition of intangible assets	(2,104)	(1,702)
Collections of notes receivable	13	12
Net cash used in investing activities	(12,952)	(6,857)
Cash flows from financing activities:
Proceeds from long-term debt	2,804	176,747
Repayments of long-term debt	(7,718)	(176,420)
Contingent consideration paid	(179)	(781)
Repurchases of shares to satisfy minimum tax withholding	(2,383)	(339)
Proceeds from exercise of common stock options	2,813	17
Distributions to non-controlling interests holders	(8,661)	(63)
Contribution from non-controlling interest holders	488
Net cash used in financing activities	(12,836)	(839)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash	(9,216)	(12,635)
Net increase (decrease) in cash, cash equivalents, and restricted cash	(17,289)	(46,992)
Cash, cash equivalents, and restricted cash, beginning of year	418,539	304,089
Cash, cash equivalents, and restricted cash, end of year	$ 401,250	$ 257,097

Description of Business and Sum

Description of Business and Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2021
Description of Business and Summary of Significant Accounting Policies
Description of Business and Summary of Significant Accounting Policies	NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (1) Description of Business and Summary of Significant Accounting Policies (a) Description of Business EVO, Inc. is a Delaware corporation whose primary asset is its ownership of approximately 56.5% 1 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 also offers value-added solutions including gateway solutions, online fraud prevention and management reporting, online hosted payments page capabilities, mobile-based SMS integrated payment collection services, security tokenization and encryption solutions at the point-of-sale, dynamic currency conversion, ACH, Level 2 and Level 3 data processing, loyalty offers, and other ancillary solutions. 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 March 31, 2021 and December 31, 2020, the unaudited condensed consolidated statements of operations and comprehensive loss for the three months ended March 31, 2021 and 2020, the unaudited condensed consolidated statement of changes in equity (deficit) for the three months ended March 31, 2021 and 2020, and the unaudited condensed consolidated statements of cash flows for the three months ended March 31, 2021 and 2020 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, 2020. 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 impairment of goodwill and intangible assets. (c) Principles of Consolidation The accompanying unaudited condensed consolidated financial statements include the accounts of the Company. As a 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, Restricted Cash, 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 same day or 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 March 31, 2021 and December 31, 2020, settlement-related cash balances were $ 148.1 ​ 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 merchant reserves to collateralize merchant losses strengthens its fiduciary standings with its card network sponsors and is in accordance with the guidelines set by the card networks. As of March 31, 2021 and December 31, 20 20 109.9 ​ Restricted cash represents funds held as a liquidity reserve at our Chilean subsidiary, as required by local regulations. ​ The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported in the unaudited condensed consolidated balance sheets to the total amount shown in the unaudited condensed consolidated statements of cash flows: ​ ​ ​ ​ ​ ​ ​ ​ March 31, ​ December 31, ​ 2021 ​ 2020 ​ (In thousands) Cash and cash equivalents $ 401,046 $ 418,439 Restricted cash included in other assets 204 100 Total cash, cash equivalents, and restricted cash shown in the unaudited condensed consolidated statements of cash flows $ 401,250 $ 418,539 ​ (e) 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 Simplifying the Accounting for Income Taxes ​ In December 2019, the FASB issued Accounting Standards Update (“ASU”) 2019-12, Simplifying the Accounting for Income Taxes ​ 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), ​ Recently Issued Accounting Pronouncements Not Yet Adopted Reference Rate Reform ​ In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform ​ 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	3 Months Ended
	Mar. 31, 2021
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 $9.8 million and $9.9 million for the three months ended March 31, 2021 and 2020, respectively. The Company disaggregates revenue based on reporting segment and 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 where the merchant portfolio is not actively managed by the Company. The Company is not focused on this sales model and it will represent an increasingly smaller portion of the business over time. The table below presents a disaggregation of the Company’s revenue by segment and by division. Beginning in the first quarter of 2021, the Company reclassified certain merchant portfolios from Direct and Tech-enabled divisions into the Traditional division as part of strategic channel realignment. The Company adjusted the presentation of comparative results for the quarter ended March 31, 2020 to reflect this reclassification. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended March 31, 2021 ​ ​ Americas Europe Total ​ ​ (In thousands) Divisions: ​ ​ ​ ​ ​ ​ ​ ​ ​ Direct ​ $ 28,904 ​ $ 28,222 ​ $ 57,126 Tech-enabled ​ ​ 31,159 ​ 7,531 ​ 38,690 Traditional ​ 10,364 — 10,364 Totals ​ $ 70,427 $ 35,753 $ 106,180 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended March 31, 2020 ​ ​ Americas Europe Total ​ ​ (In thousands) Divisions: ​ ​ ​ ​ ​ ​ ​ ​ ​ Direct ​ $ 31,573 ​ $ 31,058 ​ $ 62,631 Tech-enabled ​ ​ 28,518 ​ 9,239 ​ 37,757 Traditional ​ 10,781 — 10,781 Totals ​ $ 70,872 $ 40,297 $ 111,169 ​ ​ ​ ​

Settlement Processing Assets an

Settlement Processing Assets and Obligations	3 Months Ended
	Mar. 31, 2021
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 a bank that is a member of the various card networks (collectively, the “Member Banks”) to process transactions through card networks, such as Visa and MasterCard. As such, the Company has an agreement with these Member 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. ​ 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 card networks operate as an intermediary between the card issuing banks, on the one hand, and, as applicable, either the Member Banks or the Company (under the direct sponsorship model), on the other hand, whereby funds are received by the card issuing banks and remitted to the Member Bank or the Company, as applicable, 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 the 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 Company receives through the Member Banks from the card networks and the amount funded to merchants. ​ A summary of settlement processing assets and obligations is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, ​ December 31, ​ 2021 2020 ​ ​ (In thousands) Settlement processing assets: ​ ​ Receivable from card networks ​ $ 212,054 $ 198,053 Receivable from merchants ​ 91,782 87,652 Totals ​ $ 303,836 $ 285,705 ​ ​ ​ ​ ​ ​ ​ Settlement processing obligations: ​ ​ Settlement liabilities due to merchants ​ $ (344,672) $ (336,440) Merchant reserves ​ (111,050) (109,904) Totals ​ $ (455,722) $ (446,344) ​

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2021
Earnings Per Share
Earnings Per Share	(4) Earnings 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 March 31, Three Months Ended March 31, ​ ​ 2021 ​ 2020 ​ ​ ​ ​ ​ ​ ​ Numerator: ​ ​ ​ ​ ​ ​ Net loss attributable to EVO Payments, Inc. ​ $ (842) ​ $ (4,808) Less: Accrual of redeemable preferred stock paid-in-kind dividends ​ ​ 2,382 ​ ​ — Less: Allocation of undistributed earnings to preferred shares ​ ​ — ​ ​ — Undistributed loss attributable to shares of Class A common stock ​ $ (3,224) ​ $ (4,808) ​ ​ ​ ​ ​ ​ ​ Denominator: ​ ​ ​ ​ ​ Weighted-average Class A common stock outstanding ​ 46,509,375 ​ 41,259,398 Effect of dilutive securities ​ — ​ — Total dilutive securities ​ ​ 46,509,375 ​ ​ 41,259,398 ​ ​ ​ ​ ​ ​ ​ Earnings per share: ​ ​ ​ ​ ​ ​ Basic ​ $ (0.07) ​ $ (0.12) Diluted ​ $ (0.07) ​ $ (0.12) ​ ​ ​ ​ ​ ​ ​ Weighted-average anti-dilutive securities: ​ ​ ​ ​ ​ ​ Redeemable preferred stock ​ ​ 152,250 ​ ​ — Stock options ​ ​ 5,479,215 ​ ​ 3,913,049 RSUs ​ ​ 1,283,591 ​ ​ 1,027,873 RSAs ​ ​ 955 ​ ​ 4,791 Class C common stock ​ ​ 1,696,069 ​ ​ 2,318,944 Class D common stock ​ ​ 2,373,092 ​ ​ 4,344,758 ​

Tax Receivable Agreement

Tax Receivable Agreement	3 Months Ended
	Mar. 31, 2021
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 March 31, 2021, the Company’s deferred tax asset and payment liability pursuant to the TRA were approximately $ 205.7 186.8 ​ 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 income (expense) in the unaudited condensed consolidated statements of operations and comprehensive loss. ​

Leases

Leases	3 Months Ended
	Mar. 31, 2021
Leases
Leases	(6) Leases 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 had no finance leases as of March 31, 2021 and December 31, 2020. 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 6.53 years and 6.79 years at March 31, 2021 and December 31, 2020, respectively. The Company had no significant short-term leases as of March 31, 2021 and December 31, 2020. ​ The Company’s leases do not provide a readily determinable implicit interest rate and 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 lease liabilities were 6.29% and 6.45% as of March 31, 2021 and December 31, 2020, respectively. ​ Operating lease cost is recognized on a straight-line basis over the lease term. Operating lease costs for the three months ended March 31, 2021 and 2020 were $ 2.7 3.0 ​ Cash paid for amounts included in the measurement of operating lease liabilities for the three months ended March 31, 2021 and 2020 was $ 2.3 2.5 ​ As of March 31, 2021, maturities of lease liabilities are as follows: ​ ​ ​ ​ ​ ​ ​ ​ (In thousands) Years ending: ​ ​ 2021 (remainder of the year) $ 6,396 2022 ​ 9,018 2023 ​ 6,738 2024 ​ 5,879 2025 ​ 5,101 2026 and thereafter ​ 12,914 Total future minimum lease payments (undiscounted) ​ 46,046 Less: present value discount ​ (8,898) Present value of lease liability $ 37,148 ​ ​

Equipment and Improvements

Equipment and Improvements	3 Months Ended
	Mar. 31, 2021
Equipment and Improvements
Equipment and Improvements	(7) Equipment and Improvements Equipment and improvements consisted of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Estimated ​ ​ ​ ​ ​ ​ ​ ​ Useful ​ ​ ​ ​ ​ ​ ​ ​ Lives in ​ March 31, ​ December 31, ​ ​ Years ​ 2021 ​ 2020 ​ ​ ​ ​ (In thousands) Card processing equipment 3-5 ​ $ 148,177 $ 143,514 Office equipment ​ 3-5 ​ ​ 43,669 ​ ​ 44,049 Computer software 3 ​ 58,674 54,192 Leasehold improvements various ​ 19,038 19,090 Furniture and fixtures 5-7 ​ 4,502 4,547 Totals ​ ​ ​ 274,060 265,392 Less accumulated depreciation ​ ​ ​ (197,416) (185,010) Foreign currency translation adjustment ​ ​ ​ 491 3,224 Totals ​ ​ ​ $ 77,135 $ 83,606 ​ Depreciation expense related to equipment and improvements was $ 10.0 ​ In the three months ended March 31, 202 1 1.7 20 0.9

Goodwill and Intangible Assets

Goodwill and Intangible Assets	3 Months Ended
	Mar. 31, 2021
Goodwill and Intangible Assets
Goodwill and Intangible Assets	(8) Goodwill and Intangible Assets Intangible assets, net consist of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2021 ​ ​ Gross carrying value ​ Accumulated amortization ​ Accumulated impairment charges ​ Translation and other adjustments ​ Net ​ ​ (In thousands) Merchant contract portfolios and customer relationships ​ $ 293,581 ​ $ (184,991) ​ $ (5,685) ​ $ (30,223) ​ $ 72,682 Marketing alliance agreements ​ ​ 186,081 ​ ​ (72,397) ​ ​ (7,557) ​ ​ (20,509) ​ ​ 85,618 Internally developed and acquired software ​ ​ 92,319 ​ ​ (42,011) ​ ​ (10,191) ​ ​ (1,360) ​ ​ 38,757 Trademarks, finite-lived ​ ​ 21,629 ​ ​ (11,539) ​ ​ (901) ​ ​ (3,499) ​ ​ 5,690 Non-compete agreements ​ ​ 6,462 ​ ​ (6,447) ​ ​ - ​ ​ 1 ​ ​ 16 Total ​ $ 600,072 ​ $ (317,385) ​ $ (24,334) ​ $ (55,590) ​ $ 202,763 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2020 ​ ​ Gross carrying value ​ Accumulated amortization ​ Accumulated impairment charges ​ Translation and other adjustments ​ Net ​ ​ (In thousands) Merchant contract portfolios and customer relationships ​ $ 293,581 ​ $ (181,062) ​ $ (5,685) ​ $ (28,205) ​ $ 78,629 Marketing alliance agreements ​ ​ 186,081 ​ ​ (69,446) ​ ​ (7,557) ​ ​ (18,104) ​ ​ 90,974 Internally developed and acquired software ​ ​ 90,881 ​ ​ (38,828) ​ ​ (10,191) ​ ​ (871) ​ ​ 40,991 Trademarks, finite-lived ​ ​ 21,629 ​ ​ (11,060) ​ ​ (901) ​ ​ (3,224) ​ ​ 6,444 Non-compete agreements ​ ​ 6,462 ​ ​ (6,425) ​ ​ - ​ ​ 2 ​ ​ 39 Total ​ $ 598,634 ​ $ (306,821) ​ $ (24,334) ​ $ (50,402) ​ $ 217,077 ​ ​ Amortization expense related to intangible assets was $10.9 million and $11.3 million for the three months ended March 31, 2021 and 2020, respectively. ​ Estimated amortization expense to be recognized during each of the five years subsequent to March 31, 2021 ​ ​ ​ ​ ​ ​ ​ ​ (In thousands) Years ending: ​ 2021 (remainder of the year) ​ $ 31,965 2022 ​ 36,073 2023 ​ 30,999 2024 ​ 18,683 2025 ​ ​ 15,194 2026 and thereafter ​ 69,849 Total ​ $ 202,763 ​ There were no impairments of intangible assets for the three months ended March 31, 2021 or 2020. ​ The following represents intangible assets, net by segment: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, ​ December 31, ​ 2021 2020 ​ ​ (In thousands) Intangible assets, net: ​ ​ Americas ​ ​ Merchant contract portfolios and customer relationships ​ $ 55,446 $ 59,149 Marketing alliance agreements ​ 61,300 63,946 Internally developed and acquired software ​ ​ 23,736 ​ ​ 24,615 Trademarks, definite-lived ​ 1,456 1,582 Non-compete agreements ​ ​ 5 ​ ​ 22 Total ​ 141,943 149,314 ​ ​ Europe ​ Merchant contract portfolios and customer relationships ​ 17,236 19,480 Marketing alliance agreements ​ 24,318 27,028 Internally developed and acquired software ​ ​ 15,021 ​ ​ 16,376 Trademarks, definite-lived ​ 4,234 4,862 Non-compete agreements ​ ​ 11 17 Total ​ 60,820 67,763 ​ ​ ​ ​ ​ ​ ​ Total intangible assets, net ​ $ 202,763 $ 217,077 ​ The change in the carrying amount of goodwill for the three months ended March 31, 2021, in total and by reportable segment, is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Reportable Segment ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Americas ​ Europe ​ Total ​ ​ (In thousands) Goodwill, gross, as of December 31, 2020 ​ $ 266,848 $ 140,551 $ 407,399 Accumulated impairment losses ​ — (24,291) (24,291) Goodwill, net, as of December 31, 2020 ​ 266,848 116,260 383,108 Foreign currency translation adjustment ​ (728) (6,404) (7,132) Goodwill, net, as of March 31, 2021 ​ $ 266,120 $ 109,856 $ 375,976 ​

Accounts Payable and Accrued Ex

Accounts Payable and Accrued Expenses	3 Months Ended
	Mar. 31, 2021
Accounts Payable and Accrued Expenses
Accounts Payable and Accrued Expenses	(9) Accounts Payable and Accrued Expenses The Company’s accounts payable and accrued expenses consisted of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, ​ December 31, ​ ​ 2021 2020 ​ ​ (In thousands) Compensation and related benefits ​ $ 15,970 $ 21,398 Third-party processing and payment network fees ​ 37,566 40,224 Trade payables ​ 4,436 8,306 Taxes payable ​ 11,336 14,504 Commissions payable to third parties and agents ​ 14,878 15,759 Unearned revenue ​ 4,315 4,627 Other ​ ​ 15,112 17,791 Total accounts payable and accrued expenses ​ $ 103,613 ​ $ 122,609 ​

Related Party Transactions

Related Party Transactions	3 Months Ended
	Mar. 31, 2021
Related Party Transactions
Related Party Transactions	(10) Related party balances consist of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, ​ December 31, ​ 2021 2020 ​ ​ (In thousands) Due from related parties, current ​ $ 540 $ 625 Due to related parties, current ​ ​ (3,391) ​ (5,124) Due to related parties, long-term ​ ​ (185) ​ (185) ​ Due from related parties, current, consists primarily of receivables due from a non-controlling interest holder of a consolidated subsidiary. Due to related parties, current, consists of $2.4 million and $ 3.8 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 founder and chairman. As of March 31, 2021 and December 31, 2020, the liability related to this lease amounted to $2.8 million and $3.1 million, respectively, and is included in the operating lease liabilities on the unaudited condensed consolidated balance sheets. The Company subleased a portion of this office space to an unconsolidated investee. Sublease income was less than $0.1 million for each of the three months ended March 31, 2021 and 2020. The sublease was terminated in February 2021. ​ The Company leases vehicles from a non-controlling interest holder of a consolidated subsidiary. As of March 31, 2021 and December 31, 2020, these lease liabilities amounted to $0.4 million and $0.3 million, respectively, and are included in the operating lease liabilities on the unaudited condensed consolidated balance sheets. 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 $2.9 million and $4.4 million for the three months ended March 31, 2021 and 2020, 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 March 31, 2021 and 2020, respectively. ​ 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 each of the three months ended March 31, 2021 and 2020. 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 each of the three months ended March 31, 2021 and 2020, the Company paid commissions of $0.1 million related to this activity. ​ 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 each of the three months ended March 31, 2021 and 2020, the Company paid $0.1 million in commissions and other expenses to NFP. ​

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2021
Income Taxes
Income Taxes	(11) Income Taxes The Company’s effective tax rate (“ETR”) was 265.4% and 10.4% for the three months ended March 31, 2021 and 2020, respectively. The Company recorded a net discrete tax expense of $3.6 million for the three months ended March 31, 2021 primarily related to a valuation allowance recorded to reduce the deferred tax assets not expected to be realized in Spain. The Company recorded a tax benefit of $1.9 million in the three months ended March 31, 2020 from a release of the U.S. interest limitation valuation allowance due to the Coronavirus Aid, Relief, and Economic Security (CARES) Act, which was enacted on March 27, 2020. The variance in the ETR for the three months ended March 31, 2021 and 2020 was also impacted by the mix of U.S. and non-U.S. earnings and related tax expense, the tax treatment of income attributable to non-controlling interests and the exclusion of tax benefits related to losses recorded in certain foreign operations. The income attributable to the non-controlling interests is taxable to EVO, LLC’s individual owners other than the Company. Income tax liabilities are incurred with respect to foreign operations whereas income of EVO, LLC in the U.S. flows through and is taxable to EVO, LLC’s owners. 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 March 31, 2021. 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 and the impact of enacted changes in the application of the interest expense limitation rules beginning in 2022. The Company has established $ 10.6 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. 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	3 Months Ended
	Mar. 31, 2021
Long-Term Debt and Lines of Credit
Long-Term Debt and Lines of Credit	(12) 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”). As of March 31, 2021, 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 March 31, 2021 and December 31, 2020, the Company’s long-term debt consists of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, December 31, ​ ​ 2021 ​ 2020 ​ ​ (In thousands) First lien term loan ​ $ 589,521 $ 591,169 Less debt issuance costs ​ (6,732) ​ (7,379) Total long-term debt ​ 582,789 ​ 583,790 Less current portion of long-term debt, net of current portion of debt issuance costs ​ (4,628) ​ (4,628) Total long-term debt, net of current portion ​ $ 578,161 $ 579,162 ​ Principal payment requirements on the above obligations in each of the years remaining subsequent to March 31, 2021 are as follows: ​ ​ ​ ​ ​ Years ending: ​ (In thousands) 2021 (remainder of the year) ​ $ 4,945 2022 ​ ​ 6,593 2023 ​ 577,983 2024 ​ — 2025 ​ ​ — 2026 and thereafter ​ — Total ​ $ 589,521 ​ 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 March 31, 2021, 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 March 31, 2021 and December 31, 2020, the Company had $10.4 million and $ 13.9 137.2 ​ Refer to Note 13, "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, 2020, for discussion regarding the Company’s long-term debt and lines of credit.

Derivatives

Derivatives	3 Months Ended
	Mar. 31, 2021
Derivatives
Derivatives	(13) Derivatives In 2020, the Company entered into an interest rate swap with a notional amount of $500.0 million to reduce a portion of the 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 March 31, 2021. ​ 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 sheets as of March 31, 2021 and December 31, 2020, respectively: ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2021 ​ Balance Sheet ​ Fair Value ​ Location ​ (In thousands) ​ ​ ​ ​ ​ ​ Interest Rate Swap - current portion Accrued expenses $ (285) Interest Rate Swap - long-term portion Other assets $ 197 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2020 ​ Balance Sheet ​ Fair Value ​ Location ​ (In thousands) ​ ​ ​ ​ ​ ​ Interest Rate Swap - current portion Accrued expenses $ (341) Interest Rate Swap - long-term portion Other long-term liabilities $ (192) ​ Since the Company designated the swap as an effective cash flow hedge that qualifies for hedge accounting, unrealized gains or losses resulting from adjusting the swap to fair value is recorded as a component of other comprehensive 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 (loss) income for the three months ended March 31, 2021: ​ ​ ​ ​ ​ Three Months Ended ​ March 31, 2021 ​ (In thousands) Beginning accumulated derivative loss in accumulated other comprehensive (loss) income $ (533) Derivative gain recognized in the current period in accumulated other comprehensive (loss) income ​ 357 Less: Derivative loss reclassified from accumulated other comprehensive (loss) income to interest expense ​ (88) Ending accumulated derivative loss in accumulated other comprehensive (loss) income $ (88) ​ The table below presents the effect of hedge accounting on the unaudited condensed consolidated statements of operations and comprehensive loss for the three months ended March 31, 2021: ​ ​ ​ ​ ​ Three Months Ended ​ March 31, 2021 ​ (In thousands) Total interest expense including the effects of cash flow hedges $ (6,098) Derivative loss reclassified from accumulated other comprehensive (loss) income into interest expense ​ $ (88) ​ The Company estimates that an additional $0.3 million will be reclassified as an increase to interest expense over the next 12 months.

Supplemental Cash Flows Informa

Supplemental Cash Flows Information	3 Months Ended
	Mar. 31, 2021
Supplemental Cash Flows Information
Supplemental Cash Flows Information	(14) Supplemental Cash Flows Information Supplemental cash flow disclosures and noncash investing and financing activities are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended March 31, ​ 2021 2020 ​ ​ (In thousands) Supplemental disclosure of cash flow data: ​ ​ ​ ​ Interest paid ​ $ 5,410 $ 12,680 Income taxes paid ​ 1,735 4,340 ​ ​ ​ ​ ​ ​ ​ Supplemental disclosure of non-cash investing and financing activities: ​ ​ Operating lease liabilities arising from obtaining new or modified right-of-use assets ​ $ 2,061 ​ $ 2,262 Decrease in operating lease liabilities and corresponding right-of-use assets resulting from lease modifications ​ ​ (11) ​ ​ (6,701) Accrual of redeemable preferred stock paid-in-kind-dividends ​ ​ 2,382 ​ ​ — Exchanges of Class C and Class D common stock for Class A common stock ​ ​ 7,193 ​ ​ 882 ​

Redeemable Preferred Stock

Redeemable Preferred Stock	3 Months Ended
	Mar. 31, 2021
Redeemable Preferred Stock.
Redeemable Preferred Stock	(15) 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 , the discount is considered an unstated dividend cost that must be amortized over the period preceding commencement of the perpetual dividend using the effective interest method, by charging the imputed dividend cost against retained earnings and increasing the carrying amount of the preferred stock by a corresponding amount. The discount is therefore being amortized over ten years using a 6.22% effective interest rate. The total PIK dividends and accretion of the discount combined represents a period’s total preferred stock dividend cost, which is subtracted from net income or added to net loss to arrive at net income (loss) available to Class A common stockholders on the unaudited condensed consolidated statements of operations and comprehensive loss. For the three months ended March 31, 2021 , the carrying value of the preferred stock has been increased by $ 2.4 million for the accretion of the PIK dividend. 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 t rading 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 unaudited condensed consolidated balance sheets. If a change of control were to occur as of March 31, 2021, the Company might have been required to repurchase the Preferred Stock for $ 241.5 million. As of March 31, 2021, 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	3 Months Ended
	Mar. 31, 2021
Redeemable Non-controlling Interests
Redeemable Non-controlling Interests	(16) 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, the owner of 34% of eService, 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 additional paid-in capital, or accumulated deficit in absence of additional paid-in capital. ​ In October 2020, the Company, through its Mexican subsidiary, formed a joint venture with Banco de Crédito e Inversiones (“BCI”), pursuant to which the Company owns 50.1% and BCI owns 49.9% of the equity of a newly formed Chilean subsidiary pursuant to the terms of a shareholders agreement between the parties. Under the shareholders agreement, BCI has the option to compel the Company to purchase BCI’s shares in the newly formed Chilean subsidiary at a price per share based on the fair value of the shares. The option becomes effective two years after the agreement date. 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 additional paid-in capital, or accumulated deficit in absence of additional paid-in capital. ​ As of March 31, 2021, EVO, Inc. owns 56.5% 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) 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 RNCI at redemption value, which represents the fair value, as temporary within the mezzanine equity section of the unaudited condensed consolidated balance sheets. The changes in redemption value are recorded with a corresponding adjustment to additional paid-in capital, or accumulated deficit in the absence of additional paid-in capital. ​ The following table details the components of RNCI for the three months ended March 31, 2021 and for the year ended December 31, 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Blueapple ​ eService ​ Chile ​ Total ​ ​ (In thousands) Beginning balance, January 1, 2021 ​ $ 868,738 ​ $ 186,436 ​ $ 459 ​ $ 1,055,633 Contributions ​ ​ — ​ ​ — ​ ​ 488 ​ ​ 488 Distributions ​ ​ — ​ ​ (8,500) ​ ​ — ​ ​ (8,500) Net (loss) income attributable to RNCI ​ ​ (2,707) ​ ​ 1,131 ​ ​ (148) ​ ​ (1,724) Unrealized loss on foreign currency translation adjustment ​ ​ (6,789) ​ ​ (3,800) ​ ​ (16) ​ ​ (10,605) Unrealized gain on change in fair value of interest rate swap ​ ​ 173 ​ ​ — ​ ​ — ​ ​ 173 Increase (decrease) in the maximum redemption amount of RNCI ​ ​ 19,377 ​ ​ (16,377) ​ ​ — ​ ​ 3,000 Allocation of eService fair value RNCI adjustment to Blueapple ​ ​ 6,349 ​ ​ — ​ ​ — ​ ​ 6,349 Ending balance, March 31, 2021 ​ $ 885,141 ​ $ 158,890 ​ $ 783 ​ $ 1,044,814 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Blueapple ​ eService ​ Chile ​ Total ​ ​ (In thousands) Beginning balance, January 1, 2020 ​ $ 902,258 ​ $ 150,190 ​ $ — ​ $ 1,052,448 Contributions ​ ​ — ​ ​ — ​ ​ 505 ​ ​ 505 Distributions ​ ​ — ​ ​ (4,537) ​ ​ — ​ ​ (4,537) Net (loss) income attributable to RNCI ​ ​ (8,068) ​ ​ 7,004 ​ ​ (85) ​ ​ (1,149) Unrealized loss on foreign currency translation adjustment ​ ​ 3,658 ​ ​ 1,546 ​ ​ 39 ​ ​ 5,243 Unrealized loss on change in fair value of interest rate swap ​ ​ (223) ​ ​ — ​ ​ — ​ ​ (223) Purchase of Blueapple Class B common stock in connection with secondary offerings ​ ​ (51,350) ​ ​ — ​ ​ — ​ ​ (51,350) Increase in maximum redemption amount in connection with purchase of Blueapple Class B common stock ​ ​ 1,650 ​ ​ — ​ ​ — ​ ​ 1,650 Increase in the maximum redemption amount of RNCI ​ ​ 33,382 ​ ​ 32,233 ​ ​ — ​ ​ 65,615 Allocation of eService fair value RNCI adjustment to Blueapple ​ ​ (12,569) ​ ​ — ​ ​ — ​ ​ (12,569) Ending balance, December 31, 2020 ​ $ 868,738 ​ $ 186,436 ​ $ 459 ​ $ 1,055,633 ​

Fair Value

Fair Value	3 Months Ended
	Mar. 31, 2021
Fair Value
Fair Value	(17) Fair Value The table below presents information about items, which are carried at fair value on a recurring basis: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2021 ​ ​ (In thousands) ​ Level 1 Level 2 Level 3 Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash equivalents ​ $ 57,469 $ — $ — $ 57,469 Contingent consideration ​ — — (826) (826) Blueapple RNCI ​ ​ (885,141) ​ ​ — ​ ​ — ​ ​ (885,141) eService RNCI ​ — — (158,890) (158,890) Chile RNCI ​ ​ — — (783) (783) Interest rate swap ​ ​ — ​ ​ (88) ​ ​ — ​ ​ (88) Investment in equity securities ​ ​ — ​ ​ 24,921 ​ ​ — ​ ​ 24,921 Total ​ $ (827,672) $ 24,833 $ (160,499) $ (963,338) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2020 ​ ​ (In thousands) ​ Level 1 Level 2 Level 3 Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash equivalents ​ $ 39,578 $ — $ — $ 39,578 Contingent consideration ​ — — (1,000) (1,000) Blueapple RNCI ​ ​ (868,738) ​ ​ — ​ ​ — ​ ​ (868,738) eService RNCI ​ — — (186,436) (186,436) Chile RNCI ​ ​ — ​ ​ — ​ ​ (459) ​ ​ (459) Interest rate swap ​ — ​ (533) ​ — ​ (533) Investment in equity securities ​ — ​ 25,526 ​ — ​ 25,526 Total ​ $ (829,160) $ 24,993 $ (187,895) $ (992,062) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 estimated 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 estimated 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 the guideline public company data. In applying the income approach, significant unobservable inputs included (i) the weighted-average cost of capital (“WACC”) used to discount the future cash flows, which was 13.0%, based on the markets in which the business operates and (ii) growth rates used within the future cash flows, which were up to 15.0%, 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 March 31, 2021 were 3.75x-4.25x and 7.00x-8.50x for revenue and EBITDA, respectively. ​ The estimated fair value of Chile’s RNCI approximates its carrying amount as of March 31, 2021, given the proximity of the transaction date (i.e. formation of the joint venture) and the measurement date. ​ 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 its 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 March 31, 2021. 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 13, “Derivatives,” the fair value of the interest rate swap was a $0.1 million liability and $0.5 million liability at March 31, 2021 and December 31, 2020, respectively. ​ 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. As part of the proceeds from the sale of its membership interests, 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 measurement of the investment in Visa Series A preferred stock at fair value, the Company recognized a loss of $0.2 million for the three months ended March 31, 2021. 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 is carried at cost in the amount of €6.5 million ($7.4 million based on the foreign exchange rate at the time of the acquisition) as of each of March 31, 2021 and December 31, 2020, and is presented in other assets on the unaudited condensed consolidated balance sheets. The estimated fair value of the remaining Visa Series C preferred stock of $19.9 million and $20.4 million as of March 31, 2021 and December 31, 2020, respectively, 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 March 31, 2021, 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 March 31, 2021 and December 31, 2020 was $ 588.8 592.6

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2021
Commitments and Contingencies.
Commitments and Contingencies	(18) Commitments and Contingencies Litigation ​ One of the Company’s financial institution referral partners, Grupo Banco Popular, was acquired by Santander in June 2017, which has adversely impacted the Company’s business in Spain. Revenues from this channel have declined significantly due primarily to reduced merchant referrals following Santander’s consolidation of Grupo Banco Popular branches and the bank’s lack of performance of certain of its obligations under our agreements. The Company believes that its agreements with Santander, including the bank’s referral obligations, remain in full force and effect and the Company is pursuing the contractual and legal remedies available to the Company as it works to resolve these and other matters. In December 2020, the Company filed a claim in the Court of First Instance in Madrid, Spain seeking recovery in connection with Santander’s breach of certain of its exclusivity, non-compete and merchant referral obligations under the commercial agreements between the parties. The litigation is at a preliminary stage and the Company cannot at this time determine the likelihood of any outcome or any damages that may be awarded to it. There can be no assurance as to when or if the Company will recover the amounts to which the Company believes it is entitled. The Company is also 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	3 Months Ended
	Mar. 31, 2021
Segment Information
Segment Information	(19) Segment Information ​ Information on segments and reconciliations to revenue and net 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 March 31, ​ 2021 2020 ​ (In thousands) Segment revenue: ​ ​ ​ ​ ​ ​ Americas ​ $ 70,427 $ 70,872 Europe ​ 35,753 40,297 Revenue ​ $ 106,180 $ 111,169 ​ ​ ​ ​ ​ ​ ​ Segment profit: ​ Americas ​ $ 29,976 $ 19,960 Europe ​ 9,126 8,823 Total segment profit ​ 39,102 28,783 Corporate ​ (5,882) (10,509) Depreciation and amortization ​ (20,926) (21,424) Net interest expense ​ (5,857) (9,454) Provision for income tax (expense) benefit ​ (4,530) 1,580 Share-based compensation expense ​ ​ (5,798) ​ ​ (3,585) Less: Net loss attributable to non-controlling interests of EVO Investco, LLC ​ ​ (3,049) ​ ​ (9,801) Net loss attributable to EVO Payments, Inc. ​ $ (842) $ (4,808) ​ ​ ​ ​ ​ ​ ​ Capital expenditures: ​ ​ ​ Americas ​ $ 2,663 $ 3,831 Europe ​ 8,198 1,336 Consolidated total capital expenditures ​ $ 10,861 $ 5,167 ​ The Company’s long-lived assets, which consist of equipment and improvements, net, and operating lease right-of-use assets, by geographic location are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, ​ December 31, ​ ​ ​ ​ ​ ​ ​ ​ 2021 2020 ​ ​ ​ ​ ​ ​ ​ ​ (In thousands) Long-lived assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Poland ​ ​ ​ ​ ​ ​ ​ $ 37,346 ​ $ 40,945 United States ​ ​ ​ ​ ​ ​ ​ ​ 28,811 ​ ​ 30,334 Mexico ​ ​ ​ ​ ​ ​ ​ ​ 19,916 ​ ​ 20,862 Other ​ ​ ​ ​ ​ ​ ​ ​ 25,954 ​ ​ 26,589 Totals ​ ​ ​ ​ ​ ​ ​ $ 112,027 ​ $ 118,730 ​ Revenue is attributed to individual countries based on the location where the relationship is managed. For the three months ended March 31, 202 1 20

Shareholders' Equity

Shareholders' Equity	3 Months Ended
	Mar. 31, 2021
Shareholders' Equity
Shareholders' Equity	(20) Shareholders’ Equity EVO, Inc. was incorporated under the laws of the State of Delaware on April 20, 2017. On May 25, 2018, we completed the IPO and shares of our Class A common stock began trading on the Nasdaq stock market on May 23, 2018 under the symbol “EVOP.” In connection with the IPO, we completed the Reorganization Transactions to implement an “Up-C” capital structure. As a result of the Reorganization Transactions and the IPO, EVO, Inc. is the sole managing member of EVO, LLC and a holding company whose principal assets are the LLC Interests and the 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 15, “Redeemable Preferred Stock,” for additional details regarding the transaction. The voting and economic rights associated with our classes of common and preferred 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 ​ * 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. On May 25, 2021, in accordance with the Company's certificate of incorporation, all outstanding shares of Class B common stock will be automatically cancelled for no consideration and each outstanding share of Class C common stock will be automatically converted into one share of Class D common stock for no consideration. Following the cancellation of our Class B common stock, Blueapple will continue to hold its LLC Interests in EVO, LLC and will maintain all of its rights under the EVO LLC Agreement, including the sale right that provides that, upon receipt of a sale notice from Blueapple, the Company must use its commercially reasonable best efforts to pursue a public offering of Class A common stock and use the net proceeds therefrom to purchase LLC Units from Blueapple. ​ 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	3 Months Ended
	Mar. 31, 2021
Stock Compensation Plans and Share-Based Compensation Awards
Stock Compensation Plans and Share-Based Compensation Awards	(21) 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 Omnibus Equity Incentive Plan (the “2018 Plan”) was adopted in conjunction with the Company’s IPO and became effective on May 22, 2018. In February 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 in June 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 loss: ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended March 31, ​ ​ 2021 ​ 2020 ​ ​ (In thousands) Share-based compensation expense ​ $ 5,798 ​ $ 3,585 Income tax benefit ​ $ (958) ​ $ (407) ​ 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 million for the three months ended March 31, 2021 and 2020. ​ 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, 2020 ​ 4 ​ $ 16.00 Granted ​ — ​ ​ — Vested ​ (3) ​ ​ 16.00 Forfeited ​ — ​ ​ — Balance at March 31, 2021 ​ 1 ​ $ 16.00 ​ As of March 31, 2021 and 2020, total unrecognized share-based compensation expense related to outstanding RSAs was less than $0.1 million. The total fair value of shares vested during the three months ended March 31, 2021 and 2020, was less than $0.1 million. ​ Restricted stock units ​ The Company recognized share-based compensation expense for RSUs granted of $2.5 million and $1.7 million, for the three months ended March 31, 2021 and 2020, respectively. ​ 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, 2020 ​ 1,149 ​ $ 22.92 Granted ​ 599 ​ ​ 25.49 Vested ​ (235) ​ ​ 25.58 Forfeited ​ (16) ​ ​ 20.81 Balance at March 31, 2021 ​ 1,497 ​ $ 23.55 ​ As of March 31, 2021 and 2020, total unrecognized share-based compensation expense related to outstanding RSUs was $ 32.0 0 ​ Stock options ​ Service-Based Stock Options ​ The Company recognized share-based compensation expense for the service-based stock options granted of $ 3.1 ​ A summary of service-based 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, 2020 ​ 5,084 ​ $ 7.60 ​ $ 21.06 ​ ​ 8.36 ​ $ 30,405 Granted ​ 1,018 ​ ​ 9.67 ​ ​ 25.50 ​ ​ — ​ ​ — Exercised ​ (139) ​ ​ 7.34 ​ ​ 20.52 ​ ​ — ​ ​ 1,114 Forfeited ​ (58) ​ ​ 7.22 ​ ​ 19.82 ​ ​ — ​ ​ — Balance at March 31, 2021 ​ 5,905 ​ $ 7.96 ​ $ 21.85 ​ ​ 8.42 ​ $ 33,554 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Exercisable at March 31, 2021 ​ 2,232 ​ $ 7.13 ​ $ 19.38 ​ ​ 8.08 ​ $ 18,178 ​ As of March 31, 2021 and 2020, total unrecognized share-based compensation expense related to unvested service-based stock options was $27.7 million and $ 33.4 vested the Chief Executive Officer (“CEO”)) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended March 31, ​ ​ 2021 ​ 2020 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Expected life (in years) ​ ​ 7.00 ​ ​ 7.00 Weighted-average risk-free interest rate ​ ​ 1.15% ​ ​ 0.90% Expected volatility ​ ​ 34.59% ​ ​ 30.20% Dividend yield ​ ​ 0.00% ​ ​ 0.00% Weighted-average fair value at grant date ​ $ 9.67 ​ $ 6.82 ​ 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. ​ Market and Service-Based Stock Options ​ During the quarter ended March 31, 2021, 287,395 stock options with a fair value of approximately $2.9 million were granted to the Company’s CEO. These options vest only upon the satisfaction of certain market-based and service-based vesting conditions. The market-based vesting condition requires that, prior to March 18, 2026, the twenty trading day trailing average price for the Company’s Class A common stock must equal or exceed 110% of the closing price of the Company’s Class A common stock on the grant date for a period of twenty consecutive trading days. In addition, the options are subject to a service-based vesting condition that is satisfied in three equal annual installments on the first, second and third anniversaries of the grant date. If the market-based vesting condition is not satisfied prior to March 18, 2026, all options will be immediately forfeited. ​ For the purpose of calculating share-based compensation expense, the fair value of this grant was determined through the application of the Monte-Carlo simulation model with the following assumptions: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended March 31, ​ ​ 2021 ​ ​ ​ ​ ​ ​ ​ Expected life (in years) ​ ​ 7.00 Weighted-average risk-free interest rate ​ ​ 1.15% Expected volatility ​ ​ 34.65% Dividend yield ​ ​ 0.00% Exercise price ​ $ 25.46 ​ ​ ​ ​ ​ ​ ​ ​ The Company recognizes share-based compensation expense related to this award with market-based and service-based conditions over the derived service period of 3 years using the graded vesting method. The Company recognized share-based compensation expense for these stock options of $ 0.2

Subsequent Events

Subsequent Events	3 Months Ended
	Mar. 31, 2021
Subsequent Events
Subsequent Events	(22) Subsequent Events Subsequent events have been evaluated from the balance sheet date through the date on which the unaudited condensed consolidated financial statements were available to be issued. ​ ​ ​

Description of Business and S_2

Description of Business and Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2021
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 March 31, 2021 and December 31, 2020, the unaudited condensed consolidated statements of operations and comprehensive loss for the three months ended March 31, 2021 and 2020, the unaudited condensed consolidated statement of changes in equity (deficit) for the three months ended March 31, 2021 and 2020, and the unaudited condensed consolidated statements of cash flows for the three months ended March 31, 2021 and 2020 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, 2020. 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 impairment of goodwill and intangible assets.
Principles of Consolidation	(c) Principles of Consolidation The accompanying unaudited condensed consolidated financial statements include the accounts of the Company. As a 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, Restricted Cash, Settlement Related Cash and Merchant Reserves	(d) Cash and Cash Equivalents, Restricted Cash, 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 same day or 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 March 31, 2021 and December 31, 2020, settlement-related cash balances were $ 148.1 ​ 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 merchant reserves to collateralize merchant losses strengthens its fiduciary standings with its card network sponsors and is in accordance with the guidelines set by the card networks. As of March 31, 2021 and December 31, 20 20 109.9 ​ Restricted cash represents funds held as a liquidity reserve at our Chilean subsidiary, as required by local regulations. ​ The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported in the unaudited condensed consolidated balance sheets to the total amount shown in the unaudited condensed consolidated statements of cash flows: ​ ​ ​ ​ ​ ​ ​ ​ March 31, ​ December 31, ​ 2021 ​ 2020 ​ (In thousands) Cash and cash equivalents $ 401,046 $ 418,439 Restricted cash included in other assets 204 100 Total cash, cash equivalents, and restricted cash shown in the unaudited condensed consolidated statements of cash flows $ 401,250 $ 418,539
Recent Accounting Pronouncements	(e) 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 Simplifying the Accounting for Income Taxes ​ In December 2019, the FASB issued Accounting Standards Update (“ASU”) 2019-12, Simplifying the Accounting for Income Taxes ​ 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), ​ Recently Issued Accounting Pronouncements Not Yet Adopted Reference Rate Reform ​ In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform ​ 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 .

Description of Business and S_3

Description of Business and Summary of Significant Accounting Policies (Tables)	3 Months Ended
	Mar. 31, 2021
Description of Business and Summary of Significant Accounting Policies
Schedule of cash, cash equivalents and restricted cash	​ ​ ​ ​ ​ ​ ​ ​ March 31, ​ December 31, ​ 2021 ​ 2020 ​ (In thousands) Cash and cash equivalents $ 401,046 $ 418,439 Restricted cash included in other assets 204 100 Total cash, cash equivalents, and restricted cash shown in the unaudited condensed consolidated statements of cash flows $ 401,250 $ 418,539

Revenue (Tables)

Revenue (Tables)	3 Months Ended
	Mar. 31, 2021
Revenue
Summary of revenue	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended March 31, 2021 ​ ​ Americas Europe Total ​ ​ (In thousands) Divisions: ​ ​ ​ ​ ​ ​ ​ ​ ​ Direct ​ $ 28,904 ​ $ 28,222 ​ $ 57,126 Tech-enabled ​ ​ 31,159 ​ 7,531 ​ 38,690 Traditional ​ 10,364 — 10,364 Totals ​ $ 70,427 $ 35,753 $ 106,180 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended March 31, 2020 ​ ​ Americas Europe Total ​ ​ (In thousands) Divisions: ​ ​ ​ ​ ​ ​ ​ ​ ​ Direct ​ $ 31,573 ​ $ 31,058 ​ $ 62,631 Tech-enabled ​ ​ 28,518 ​ 9,239 ​ 37,757 Traditional ​ 10,781 — 10,781 Totals ​ $ 70,872 $ 40,297 $ 111,169

Settlement Processing Assets _2

Settlement Processing Assets and Obligations (Tables)	3 Months Ended
	Mar. 31, 2021
Settlement Processing Assets and Obligations
Summary of settlement processing assets and obligations	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, ​ December 31, ​ 2021 2020 ​ ​ (In thousands) Settlement processing assets: ​ ​ Receivable from card networks ​ $ 212,054 $ 198,053 Receivable from merchants ​ 91,782 87,652 Totals ​ $ 303,836 $ 285,705 ​ ​ ​ ​ ​ ​ ​ Settlement processing obligations: ​ ​ Settlement liabilities due to merchants ​ $ (344,672) $ (336,440) Merchant reserves ​ (111,050) (109,904) Totals ​ $ (455,722) $ (446,344)

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2021
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 March 31, Three Months Ended March 31, ​ ​ 2021 ​ 2020 ​ ​ ​ ​ ​ ​ ​ Numerator: ​ ​ ​ ​ ​ ​ Net loss attributable to EVO Payments, Inc. ​ $ (842) ​ $ (4,808) Less: Accrual of redeemable preferred stock paid-in-kind dividends ​ ​ 2,382 ​ ​ — Less: Allocation of undistributed earnings to preferred shares ​ ​ — ​ ​ — Undistributed loss attributable to shares of Class A common stock ​ $ (3,224) ​ $ (4,808) ​ ​ ​ ​ ​ ​ ​ Denominator: ​ ​ ​ ​ ​ Weighted-average Class A common stock outstanding ​ 46,509,375 ​ 41,259,398 Effect of dilutive securities ​ — ​ — Total dilutive securities ​ ​ 46,509,375 ​ ​ 41,259,398 ​ ​ ​ ​ ​ ​ ​ Earnings per share: ​ ​ ​ ​ ​ ​ Basic ​ $ (0.07) ​ $ (0.12) Diluted ​ $ (0.07) ​ $ (0.12) ​ ​ ​ ​ ​ ​ ​ Weighted-average anti-dilutive securities: ​ ​ ​ ​ ​ ​ Redeemable preferred stock ​ ​ 152,250 ​ ​ — Stock options ​ ​ 5,479,215 ​ ​ 3,913,049 RSUs ​ ​ 1,283,591 ​ ​ 1,027,873 RSAs ​ ​ 955 ​ ​ 4,791 Class C common stock ​ ​ 1,696,069 ​ ​ 2,318,944 Class D common stock ​ ​ 2,373,092 ​ ​ 4,344,758

Leases (Tables)

Leases (Tables)	3 Months Ended
	Mar. 31, 2021
Leases
Schedule of maturities of lease liabilities	​ ​ ​ ​ ​ ​ ​ ​ (In thousands) Years ending: ​ ​ 2021 (remainder of the year) $ 6,396 2022 ​ 9,018 2023 ​ 6,738 2024 ​ 5,879 2025 ​ 5,101 2026 and thereafter ​ 12,914 Total future minimum lease payments (undiscounted) ​ 46,046 Less: present value discount ​ (8,898) Present value of lease liability $ 37,148

Equipment and Improvements (Tab

Equipment and Improvements (Tables)	3 Months Ended
	Mar. 31, 2021
Equipment and Improvements
Schedule of equipment and improvements	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Estimated ​ ​ ​ ​ ​ ​ ​ ​ Useful ​ ​ ​ ​ ​ ​ ​ ​ Lives in ​ March 31, ​ December 31, ​ ​ Years ​ 2021 ​ 2020 ​ ​ ​ ​ (In thousands) Card processing equipment 3-5 ​ $ 148,177 $ 143,514 Office equipment ​ 3-5 ​ ​ 43,669 ​ ​ 44,049 Computer software 3 ​ 58,674 54,192 Leasehold improvements various ​ 19,038 19,090 Furniture and fixtures 5-7 ​ 4,502 4,547 Totals ​ ​ ​ 274,060 265,392 Less accumulated depreciation ​ ​ ​ (197,416) (185,010) Foreign currency translation adjustment ​ ​ ​ 491 3,224 Totals ​ ​ ​ $ 77,135 $ 83,606

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	3 Months Ended
	Mar. 31, 2021
Goodwill and Intangible Assets
Schedule of intangible assets, net	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2021 ​ ​ Gross carrying value ​ Accumulated amortization ​ Accumulated impairment charges ​ Translation and other adjustments ​ Net ​ ​ (In thousands) Merchant contract portfolios and customer relationships ​ $ 293,581 ​ $ (184,991) ​ $ (5,685) ​ $ (30,223) ​ $ 72,682 Marketing alliance agreements ​ ​ 186,081 ​ ​ (72,397) ​ ​ (7,557) ​ ​ (20,509) ​ ​ 85,618 Internally developed and acquired software ​ ​ 92,319 ​ ​ (42,011) ​ ​ (10,191) ​ ​ (1,360) ​ ​ 38,757 Trademarks, finite-lived ​ ​ 21,629 ​ ​ (11,539) ​ ​ (901) ​ ​ (3,499) ​ ​ 5,690 Non-compete agreements ​ ​ 6,462 ​ ​ (6,447) ​ ​ - ​ ​ 1 ​ ​ 16 Total ​ $ 600,072 ​ $ (317,385) ​ $ (24,334) ​ $ (55,590) ​ $ 202,763 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2020 ​ ​ Gross carrying value ​ Accumulated amortization ​ Accumulated impairment charges ​ Translation and other adjustments ​ Net ​ ​ (In thousands) Merchant contract portfolios and customer relationships ​ $ 293,581 ​ $ (181,062) ​ $ (5,685) ​ $ (28,205) ​ $ 78,629 Marketing alliance agreements ​ ​ 186,081 ​ ​ (69,446) ​ ​ (7,557) ​ ​ (18,104) ​ ​ 90,974 Internally developed and acquired software ​ ​ 90,881 ​ ​ (38,828) ​ ​ (10,191) ​ ​ (871) ​ ​ 40,991 Trademarks, finite-lived ​ ​ 21,629 ​ ​ (11,060) ​ ​ (901) ​ ​ (3,224) ​ ​ 6,444 Non-compete agreements ​ ​ 6,462 ​ ​ (6,425) ​ ​ - ​ ​ 2 ​ ​ 39 Total ​ $ 598,634 ​ $ (306,821) ​ $ (24,334) ​ $ (50,402) ​ $ 217,077
Schedule of estimated amortization expense	​ ​ ​ ​ ​ ​ ​ ​ (In thousands) Years ending: ​ 2021 (remainder of the year) ​ $ 31,965 2022 ​ 36,073 2023 ​ 30,999 2024 ​ 18,683 2025 ​ ​ 15,194 2026 and thereafter ​ 69,849 Total ​ $ 202,763
Schedule of intangible assets, net by segment	​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, ​ December 31, ​ 2021 2020 ​ ​ (In thousands) Intangible assets, net: ​ ​ Americas ​ ​ Merchant contract portfolios and customer relationships ​ $ 55,446 $ 59,149 Marketing alliance agreements ​ 61,300 63,946 Internally developed and acquired software ​ ​ 23,736 ​ ​ 24,615 Trademarks, definite-lived ​ 1,456 1,582 Non-compete agreements ​ ​ 5 ​ ​ 22 Total ​ 141,943 149,314 ​ ​ Europe ​ Merchant contract portfolios and customer relationships ​ 17,236 19,480 Marketing alliance agreements ​ 24,318 27,028 Internally developed and acquired software ​ ​ 15,021 ​ ​ 16,376 Trademarks, definite-lived ​ 4,234 4,862 Non-compete agreements ​ ​ 11 17 Total ​ 60,820 67,763 ​ ​ ​ ​ ​ ​ ​ Total intangible assets, net ​ $ 202,763 $ 217,077
Schedule of goodwill activity	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Reportable Segment ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Americas ​ Europe ​ Total ​ ​ (In thousands) Goodwill, gross, as of December 31, 2020 ​ $ 266,848 $ 140,551 $ 407,399 Accumulated impairment losses ​ — (24,291) (24,291) Goodwill, net, as of December 31, 2020 ​ 266,848 116,260 383,108 Foreign currency translation adjustment ​ (728) (6,404) (7,132) Goodwill, net, as of March 31, 2021 ​ $ 266,120 $ 109,856 $ 375,976

Accounts Payable and Accrued _2

Accounts Payable and Accrued Expenses (Tables)	3 Months Ended
	Mar. 31, 2021
Accounts Payable and Accrued Expenses
Schedule of accounts payable and accrued expenses	​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, ​ December 31, ​ ​ 2021 2020 ​ ​ (In thousands) Compensation and related benefits ​ $ 15,970 $ 21,398 Third-party processing and payment network fees ​ 37,566 40,224 Trade payables ​ 4,436 8,306 Taxes payable ​ 11,336 14,504 Commissions payable to third parties and agents ​ 14,878 15,759 Unearned revenue ​ 4,315 4,627 Other ​ ​ 15,112 17,791 Total accounts payable and accrued expenses ​ $ 103,613 ​ $ 122,609

Related Party Transactions (Tab

Related Party Transactions (Tables)	3 Months Ended
	Mar. 31, 2021
Related Party Transactions
Schedule of related party balances	​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, ​ December 31, ​ 2021 2020 ​ ​ (In thousands) Due from related parties, current ​ $ 540 $ 625 Due to related parties, current ​ ​ (3,391) ​ (5,124) Due to related parties, long-term ​ ​ (185) ​ (185)

Long-Term Debt and Lines of C_2

Long-Term Debt and Lines of Credit (Tables)	3 Months Ended
	Mar. 31, 2021
Long-Term Debt and Lines of Credit
Summary of long-term debt	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, December 31, ​ ​ 2021 ​ 2020 ​ ​ (In thousands) First lien term loan ​ $ 589,521 $ 591,169 Less debt issuance costs ​ (6,732) ​ (7,379) Total long-term debt ​ 582,789 ​ 583,790 Less current portion of long-term debt, net of current portion of debt issuance costs ​ (4,628) ​ (4,628) Total long-term debt, net of current portion ​ $ 578,161 $ 579,162
Schedule of principal payment requirements	​ ​ ​ ​ ​ Years ending: ​ (In thousands) 2021 (remainder of the year) ​ $ 4,945 2022 ​ ​ 6,593 2023 ​ 577,983 2024 ​ — 2025 ​ ​ — 2026 and thereafter ​ — Total ​ $ 589,521

Derivatives (Tables)

Derivatives (Tables)	3 Months Ended
	Mar. 31, 2021
Derivatives
Summary of fair value of the interest rate swap	​ ​ ​ ​ ​ ​ ​ ​ March 31, 2021 ​ Balance Sheet ​ Fair Value ​ Location ​ (In thousands) ​ ​ ​ ​ ​ ​ Interest Rate Swap - current portion Accrued expenses $ (285) Interest Rate Swap - long-term portion Other assets $ 197 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2020 ​ Balance Sheet ​ Fair Value ​ Location ​ (In thousands) ​ ​ ​ ​ ​ ​ Interest Rate Swap - current portion Accrued expenses $ (341) Interest Rate Swap - long-term portion Other long-term liabilities $ (192)
Schedule of effect of hedge accounting on accumulated other comprehensive income (loss)	​ ​ ​ ​ ​ Three Months Ended ​ March 31, 2021 ​ (In thousands) Beginning accumulated derivative loss in accumulated other comprehensive (loss) income $ (533) Derivative gain recognized in the current period in accumulated other comprehensive (loss) income ​ 357 Less: Derivative loss reclassified from accumulated other comprehensive (loss) income to interest expense ​ (88) Ending accumulated derivative loss in accumulated other comprehensive (loss) income $ (88) ​ ​ ​ ​ ​ Three Months Ended ​ March 31, 2021 ​ (In thousands) Total interest expense including the effects of cash flow hedges $ (6,098) Derivative loss reclassified from accumulated other comprehensive (loss) income into interest expense ​ $ (88)

Supplemental Cash Flows Infor_2

Supplemental Cash Flows Information (Tables)	3 Months Ended
	Mar. 31, 2021
Supplemental Cash Flows Information
Schedule of supplemental cash flow disclosures and noncash investing and financing activities	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended March 31, ​ 2021 2020 ​ ​ (In thousands) Supplemental disclosure of cash flow data: ​ ​ ​ ​ Interest paid ​ $ 5,410 $ 12,680 Income taxes paid ​ 1,735 4,340 ​ ​ ​ ​ ​ ​ ​ Supplemental disclosure of non-cash investing and financing activities: ​ ​ Operating lease liabilities arising from obtaining new or modified right-of-use assets ​ $ 2,061 ​ $ 2,262 Decrease in operating lease liabilities and corresponding right-of-use assets resulting from lease modifications ​ ​ (11) ​ ​ (6,701) Accrual of redeemable preferred stock paid-in-kind-dividends ​ ​ 2,382 ​ ​ — Exchanges of Class C and Class D common stock for Class A common stock ​ ​ 7,193 ​ ​ 882

Redeemable Non-controlling In_2

Redeemable Non-controlling Interests (Tables)	3 Months Ended
	Mar. 31, 2021
Redeemable Non-controlling Interests
Schedule of components of redeemable non-controlling interest	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Blueapple ​ eService ​ Chile ​ Total ​ ​ (In thousands) Beginning balance, January 1, 2021 ​ $ 868,738 ​ $ 186,436 ​ $ 459 ​ $ 1,055,633 Contributions ​ ​ — ​ ​ — ​ ​ 488 ​ ​ 488 Distributions ​ ​ — ​ ​ (8,500) ​ ​ — ​ ​ (8,500) Net (loss) income attributable to RNCI ​ ​ (2,707) ​ ​ 1,131 ​ ​ (148) ​ ​ (1,724) Unrealized loss on foreign currency translation adjustment ​ ​ (6,789) ​ ​ (3,800) ​ ​ (16) ​ ​ (10,605) Unrealized gain on change in fair value of interest rate swap ​ ​ 173 ​ ​ — ​ ​ — ​ ​ 173 Increase (decrease) in the maximum redemption amount of RNCI ​ ​ 19,377 ​ ​ (16,377) ​ ​ — ​ ​ 3,000 Allocation of eService fair value RNCI adjustment to Blueapple ​ ​ 6,349 ​ ​ — ​ ​ — ​ ​ 6,349 Ending balance, March 31, 2021 ​ $ 885,141 ​ $ 158,890 ​ $ 783 ​ $ 1,044,814 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Blueapple ​ eService ​ Chile ​ Total ​ ​ (In thousands) Beginning balance, January 1, 2020 ​ $ 902,258 ​ $ 150,190 ​ $ — ​ $ 1,052,448 Contributions ​ ​ — ​ ​ — ​ ​ 505 ​ ​ 505 Distributions ​ ​ — ​ ​ (4,537) ​ ​ — ​ ​ (4,537) Net (loss) income attributable to RNCI ​ ​ (8,068) ​ ​ 7,004 ​ ​ (85) ​ ​ (1,149) Unrealized loss on foreign currency translation adjustment ​ ​ 3,658 ​ ​ 1,546 ​ ​ 39 ​ ​ 5,243 Unrealized loss on change in fair value of interest rate swap ​ ​ (223) ​ ​ — ​ ​ — ​ ​ (223) Purchase of Blueapple Class B common stock in connection with secondary offerings ​ ​ (51,350) ​ ​ — ​ ​ — ​ ​ (51,350) Increase in maximum redemption amount in connection with purchase of Blueapple Class B common stock ​ ​ 1,650 ​ ​ — ​ ​ — ​ ​ 1,650 Increase in the maximum redemption amount of RNCI ​ ​ 33,382 ​ ​ 32,233 ​ ​ — ​ ​ 65,615 Allocation of eService fair value RNCI adjustment to Blueapple ​ ​ (12,569) ​ ​ — ​ ​ — ​ ​ (12,569) Ending balance, December 31, 2020 ​ $ 868,738 ​ $ 186,436 ​ $ 459 ​ $ 1,055,633

Fair Value (Tables)

Fair Value (Tables)	3 Months Ended
	Mar. 31, 2021
Fair Value
Schedule of information about items which are carried at fair value on a recurring basis	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2021 ​ ​ (In thousands) ​ Level 1 Level 2 Level 3 Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash equivalents ​ $ 57,469 $ — $ — $ 57,469 Contingent consideration ​ — — (826) (826) Blueapple RNCI ​ ​ (885,141) ​ ​ — ​ ​ — ​ ​ (885,141) eService RNCI ​ — — (158,890) (158,890) Chile RNCI ​ ​ — — (783) (783) Interest rate swap ​ ​ — ​ ​ (88) ​ ​ — ​ ​ (88) Investment in equity securities ​ ​ — ​ ​ 24,921 ​ ​ — ​ ​ 24,921 Total ​ $ (827,672) $ 24,833 $ (160,499) $ (963,338) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2020 ​ ​ (In thousands) ​ Level 1 Level 2 Level 3 Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash equivalents ​ $ 39,578 $ — $ — $ 39,578 Contingent consideration ​ — — (1,000) (1,000) Blueapple RNCI ​ ​ (868,738) ​ ​ — ​ ​ — ​ ​ (868,738) eService RNCI ​ — — (186,436) (186,436) Chile RNCI ​ ​ — ​ ​ — ​ ​ (459) ​ ​ (459) Interest rate swap ​ — ​ (533) ​ — ​ (533) Investment in equity securities ​ — ​ 25,526 ​ — ​ 25,526 Total ​ $ (829,160) $ 24,993 $ (187,895) $ (992,062) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Mar. 31, 2021
Segment Information
Summary of segment information	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended March 31, ​ 2021 2020 ​ (In thousands) Segment revenue: ​ ​ ​ ​ ​ ​ Americas ​ $ 70,427 $ 70,872 Europe ​ 35,753 40,297 Revenue ​ $ 106,180 $ 111,169 ​ ​ ​ ​ ​ ​ ​ Segment profit: ​ Americas ​ $ 29,976 $ 19,960 Europe ​ 9,126 8,823 Total segment profit ​ 39,102 28,783 Corporate ​ (5,882) (10,509) Depreciation and amortization ​ (20,926) (21,424) Net interest expense ​ (5,857) (9,454) Provision for income tax (expense) benefit ​ (4,530) 1,580 Share-based compensation expense ​ ​ (5,798) ​ ​ (3,585) Less: Net loss attributable to non-controlling interests of EVO Investco, LLC ​ ​ (3,049) ​ ​ (9,801) Net loss attributable to EVO Payments, Inc. ​ $ (842) $ (4,808) ​ ​ ​ ​ ​ ​ ​ Capital expenditures: ​ ​ ​ Americas ​ $ 2,663 $ 3,831 Europe ​ 8,198 1,336 Consolidated total capital expenditures ​ $ 10,861 $ 5,167
Schedule of long lived assets by geographic location	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, ​ December 31, ​ ​ ​ ​ ​ ​ ​ ​ 2021 2020 ​ ​ ​ ​ ​ ​ ​ ​ (In thousands) Long-lived assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Poland ​ ​ ​ ​ ​ ​ ​ $ 37,346 ​ $ 40,945 United States ​ ​ ​ ​ ​ ​ ​ ​ 28,811 ​ ​ 30,334 Mexico ​ ​ ​ ​ ​ ​ ​ ​ 19,916 ​ ​ 20,862 Other ​ ​ ​ ​ ​ ​ ​ ​ 25,954 ​ ​ 26,589 Totals ​ ​ ​ ​ ​ ​ ​ $ 112,027 ​ $ 118,730

Shareholder's Equity (Tables)

Shareholder's Equity (Tables)	3 Months Ended
	Mar. 31, 2021
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 ​ * 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)	3 Months Ended
	Mar. 31, 2021
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 March 31, ​ ​ 2021 ​ 2020 ​ ​ (In thousands) Share-based compensation expense ​ $ 5,798 ​ $ 3,585 Income tax benefit ​ $ (958) ​ $ (407)
Summary of stock option activity	A summary of service-based 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, 2020 ​ 5,084 ​ $ 7.60 ​ $ 21.06 ​ ​ 8.36 ​ $ 30,405 Granted ​ 1,018 ​ ​ 9.67 ​ ​ 25.50 ​ ​ — ​ ​ — Exercised ​ (139) ​ ​ 7.34 ​ ​ 20.52 ​ ​ — ​ ​ 1,114 Forfeited ​ (58) ​ ​ 7.22 ​ ​ 19.82 ​ ​ — ​ ​ — Balance at March 31, 2021 ​ 5,905 ​ $ 7.96 ​ $ 21.85 ​ ​ 8.42 ​ $ 33,554 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Exercisable at March 31, 2021 ​ 2,232 ​ $ 7.13 ​ $ 19.38 ​ ​ 8.08 ​ $ 18,178
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, 2020 ​ 4 ​ $ 16.00 Granted ​ — ​ ​ — Vested ​ (3) ​ ​ 16.00 Forfeited ​ — ​ ​ — Balance at March 31, 2021 ​ 1 ​ $ 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, 2020 ​ 1,149 ​ $ 22.92 Granted ​ 599 ​ ​ 25.49 Vested ​ (235) ​ ​ 25.58 Forfeited ​ (16) ​ ​ 20.81 Balance at March 31, 2021 ​ 1,497 ​ $ 23.55
Stock options
Stock Compensation Plans and Share-Based Compensation Awards
Summary of assumptions used in estimating the grant date fair values	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended March 31, ​ ​ 2021 ​ 2020 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Expected life (in years) ​ ​ 7.00 ​ ​ 7.00 Weighted-average risk-free interest rate ​ ​ 1.15% ​ ​ 0.90% Expected volatility ​ ​ 34.59% ​ ​ 30.20% Dividend yield ​ ​ 0.00% ​ ​ 0.00% Weighted-average fair value at grant date ​ $ 9.67 ​ $ 6.82
Market and Service-Based Stock Options
Stock Compensation Plans and Share-Based Compensation Awards
Summary of assumptions used in estimating the grant date fair values	​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended March 31, ​ ​ 2021 ​ ​ ​ ​ ​ ​ ​ Expected life (in years) ​ ​ 7.00 Weighted-average risk-free interest rate ​ ​ 1.15% Expected volatility ​ ​ 34.65% Dividend yield ​ ​ 0.00% Exercise price ​ $ 25.46 ​ ​ ​ ​ ​ ​ ​

Description of Business and S_4

Description of Business and Summary of Significant Accounting Policies - Other (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2021USD ($)itemsegment	Dec. 31, 2020USD ($)	Mar. 31, 2020USD ($)	Dec. 31, 2019USD ($)
Minimum number of merchants | item	550,000
Number of reportable segments | segment	2
Cash and Cash Equivalents, Restricted Cash, Settlement Related Cash and Merchant Reserves
Settlement related cash balances	$ 148,100	$ 163,500
Merchant reserve cash balances	111,100	109,900
Reconciliation of cash, cash equivalents and restricted cash
Cash and cash equivalents	401,046	418,439
Restricted cash included in other assets	204	100
Total cash, cash equivalents, and restricted cash shown in the consolidated statements of cash flows	$ 401,250	$ 418,539	$ 257,097	$ 304,089
EVO LLC
Ownership interest (as a percent)	56.50%
Minimum
Number of markets | item	50

Revenue - Other (Details)

Revenue - Other (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Revenue
Revenue	$ 106,180	$ 111,169
Sale and Rental of POS Equipment
Revenue
Revenue	$ 9,800	$ 9,900

Revenue - Summary (Details)

Revenue - Summary (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Revenue
Revenue	$ 106,180	$ 111,169
Direct
Revenue
Revenue	57,126	62,631
Tech-enabled
Revenue
Revenue	38,690	37,757
Traditional
Revenue
Revenue	10,364	10,781
Americas
Revenue
Revenue	70,427	70,872
Americas | Direct
Revenue
Revenue	28,904	31,573
Americas | Tech-enabled
Revenue
Revenue	31,159	28,518
Americas | Traditional
Revenue
Revenue	10,364	10,781
Europe
Revenue
Revenue	35,753	40,297
Europe | Direct
Revenue
Revenue	28,222	31,058
Europe | Tech-enabled
Revenue
Revenue	$ 7,531	$ 9,239

Settlement Processing Assets _3

Settlement Processing Assets and Obligations (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Settlement processing assets:
Receivable from card networks	$ 212,054	$ 198,053
Receivable from merchants	91,782	87,652
Totals	303,836	285,705
Settlement processing obligations:
Settlement liabilities due to merchants	(344,672)	(336,440)
Merchant reserves	(111,050)	(109,904)
Totals	$ (455,722)	$ (446,344)

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Numerator:
Net loss attributable to EVO Payments, Inc.	$ (842)	$ (4,808)
Less: Accrual of redeemable preferred stock paid-in-kind dividends	2,382
Undistributed loss attributable to shares of Class A common stock	$ (3,224)	$ (4,808)
Denominator:
Weighted-average Class A common stock outstanding	46,509,375	41,259,398
Total dilutive securities	46,509,375	41,259,398
Earnings per share:
Basic (in dollars per share)	$ (0.07)	$ (0.12)
Diluted (in dollars per share)	$ (0.07)	$ (0.12)
Redeemable preferred stock
Earnings per share:
Weighted-average anti-dilutive securities	152,250
Stock options
Earnings per share:
Weighted-average anti-dilutive securities	5,479,215	3,913,049
RSUs
Earnings per share:
Weighted-average anti-dilutive securities	1,283,591	1,027,873
RSAs
Earnings per share:
Weighted-average anti-dilutive securities	955	4,791
Class C Common Stock
Earnings per share:
Weighted-average anti-dilutive securities	1,696,069	2,318,944
Class D Common Stock
Earnings per share:
Weighted-average anti-dilutive securities	2,373,092	4,344,758

Tax Receivable Agreement (Detai

Tax Receivable Agreement (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Tax Receivable Agreement
Payment on applicable cash tax savings (as a percent)	85.00%
Payments to TRA obligation	$ 0	$ 0
Deferred tax asset pursuant to TRA	205.7		$ 204.6
Deferred tax asset pursuant to TRA, net of amortization	186.8		188.4
Deferred tax liability pursuant to TRA	$ 174.9		$ 173.9

Leases - Other (Details)

Leases - Other (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Operating Leases:
Finance Lease, Right-of-Use Asset, after Accumulated Amortization	$ 0		$ 0
Weighted-average remaining lease term	6 years 6 months 10 days		6 years 9 months 14 days
Weighted-average discount rate used in the measurement of our lease liabilities	6.29%		6.45%
Operating lease costs	$ 2,700	$ 3,000
Variable lease costs	500	500
Cash paid for amounts included in the measurement of operating lease liabilities	$ 2,300	$ 2,500

Leases - Maturities of lease li

Leases - Maturities of lease liabilities (Details) $ in Thousands	Mar. 31, 2021USD ($)
Maturities of lease liabilities
2021 (remainder of the year)	$ 6,396
2022	9,018
2023	6,738
2024	5,879
2025	5,101
2026 and thereafter	12,914
Total future minimum lease payments (undiscounted)	46,046
Less: present value discount	(8,898)
Present value of lease liability	$ 37,148

Equipment and Improvements (Det

Equipment and Improvements (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Equipment and Improvements
Equipment and improvements, Gross Totals	$ 274,060		$ 265,392
Less accumulated depreciation	(197,416)		(185,010)
Foreign currency translation adjustment	491		3,224
Totals	77,135		83,606
Depreciation
Depreciation expense	10,000	$ 10,100
Decrease in equipment and improvements	2,100	1,100
Decrease in accumulated depreciation	1,700	$ 900
Card processing equipment
Equipment and Improvements
Equipment and improvements, Gross Totals	148,177		143,514
Office equipment
Equipment and Improvements
Equipment and improvements, Gross Totals	43,669		44,049
Computer software
Equipment and Improvements
Equipment and improvements, Gross Totals	$ 58,674		54,192
Estimated useful lives	3 years
Leasehold improvements
Equipment and Improvements
Equipment and improvements, Gross Totals	$ 19,038		19,090
Furniture and fixtures
Equipment and Improvements
Equipment and improvements, Gross Totals	$ 4,502		$ 4,547
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
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Intangible assets with finite lives:
Gross carrying value	$ 600,072		$ 598,634
Accumulated amortization	(317,385)		(306,821)
Accumulated impairment charges	(24,334)		(24,334)
Translation and other adjustments	(55,590)		(50,402)
Net	202,763		217,077
Other disclosures
Amortization expense related to intangible assets	10,900	$ 11,300
Impairment of intangible assets	0	$ 0
Merchant contract portfolios and customer relationships
Intangible assets with finite lives:
Gross carrying value	293,581		293,581
Accumulated amortization	(184,991)		(181,062)
Accumulated impairment charges	(5,685)		(5,685)
Translation and other adjustments	(30,223)		(28,205)
Net	72,682		78,629
Marketing alliance agreements
Intangible assets with finite lives:
Gross carrying value	186,081		186,081
Accumulated amortization	(72,397)		(69,446)
Accumulated impairment charges	(7,557)		(7,557)
Translation and other adjustments	(20,509)		(18,104)
Net	85,618		90,974
Internally developed and acquired software
Intangible assets with finite lives:
Gross carrying value	92,319		90,881
Accumulated amortization	(42,011)		(38,828)
Accumulated impairment charges	(10,191)		(10,191)
Translation and other adjustments	(1,360)		(871)
Net	38,757		40,991
Trademarks, definite-lived
Intangible assets with finite lives:
Gross carrying value	21,629		21,629
Accumulated amortization	(11,539)		(11,060)
Accumulated impairment charges	(901)		(901)
Translation and other adjustments	(3,499)		(3,224)
Net	5,690		6,444
Non-compete agreements
Intangible assets with finite lives:
Gross carrying value	6,462
Accumulated amortization	(6,447)		(6,425)
Translation and other adjustments	1		2
Net	$ 16
Gross carrying value			6,462
Net			$ 39

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Estimated amortization expense (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Estimated amortization expense
2021 (remainder of the year)	$ 31,965
2022	36,073
2023	30,999
2024	18,683
2025	15,194
2026 and thereafter	69,849
Total	$ 202,763	$ 217,077

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets - Intangible assets, net by segment (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Intangible assets, net
Total intangible assets, net	$ 202,763	$ 217,077
Americas
Intangible assets, net
Total intangible assets, net	141,943	149,314
Americas | Merchant contract portfolios and customer relationships
Intangible assets, net
Total intangible assets, net	55,446	59,149
Americas | Marketing alliance agreements
Intangible assets, net
Total intangible assets, net	61,300	63,946
Americas | Internally developed and acquired software
Intangible assets, net
Total intangible assets, net	23,736	24,615
Americas | Trademarks, definite-lived
Intangible assets, net
Total intangible assets, net	1,456	1,582
Americas | Non-compete agreements
Intangible assets, net
Total intangible assets, net	5	22
Europe
Intangible assets, net
Total intangible assets, net	60,820	67,763
Europe | Merchant contract portfolios and customer relationships
Intangible assets, net
Total intangible assets, net	17,236	19,480
Europe | Marketing alliance agreements
Intangible assets, net
Total intangible assets, net	24,318	27,028
Europe | Internally developed and acquired software
Intangible assets, net
Total intangible assets, net	15,021	16,376
Europe | Trademarks, definite-lived
Intangible assets, net
Total intangible assets, net	4,234	4,862
Europe | Non-compete agreements
Intangible assets, net
Total intangible assets, net	$ 11	$ 17

Goodwill and Intangible Asset_5

Goodwill and Intangible Assets - Goodwill activity (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Dec. 31, 2020
Goodwill, Roll forward
Goodwill, gross, at the beginning of the year		$ 407,399
Accumulated impairment losses		(24,291)
Goodwill, net, at the beginning of the year	$ 383,108
Foreign currency translation adjustment	(7,132)
Goodwill, net, at the end of the year	375,976
Americas
Goodwill, Roll forward
Goodwill, gross, at the beginning of the year		266,848
Goodwill, net, at the beginning of the year	266,848
Foreign currency translation adjustment	(728)
Goodwill, net, at the end of the year	266,120
Europe
Goodwill, Roll forward
Goodwill, gross, at the beginning of the year		140,551
Accumulated impairment losses		$ (24,291)
Goodwill, net, at the beginning of the year	116,260
Foreign currency translation adjustment	(6,404)
Goodwill, net, at the end of the year	$ 109,856

Accounts Payable and Accrued _3

Accounts Payable and Accrued Expenses (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Accounts Payable and Accrued Expenses
Compensation and related benefits	$ 15,970	$ 21,398
Third-party processing and payment network fees	37,566	40,224
Trade payables	4,436	8,306
Taxes payable	11,336	14,504
Commissions payable to third parties and agents	14,878	15,759
Unearned revenue	4,315	4,627
Other	15,112	17,791
Total accounts payable and accrued expenses	$ 103,613	$ 122,609

Related Party Transactions - Re

Related Party Transactions - Related party balances (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Related party balances:
Due from related parties, current	$ 540	$ 625
Due to related parties, current	(3,391)	(5,124)
Due to related parties, long-term	$ (185)	$ (185)

Related Party Transactions - Tr

Related Party Transactions - Transactions (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2021USD ($)subsidiaryitem	Mar. 31, 2020USD ($)	Dec. 31, 2020USD ($)
Related Party Transactions
Lease liabilities	$ 37,148
515 Broadhollow, LLC
Related Party Transactions
Lease liabilities	2,800		$ 3,100
Sublease Income	100	$ 100
Commission Expense
Related Party Transactions
Expenses with related parties	2,900	4,400
Sale of Equipment and Services
Related Party Transactions
Revenue from related parties	100	100
Minority held affiliates
Related Party Transactions
Liabilities to related companies	2,400		3,800
Lease liabilities	400		300
Unconsolidated investees
Related Party Transactions
Liabilities to related companies	1,000		$ 1,300
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	$ 100	100
Number of owned subsidiaries | subsidiary	2
Number of unconsolidated investee | item	1
NFP
Related Party Transactions
Expenses with related parties	$ 100	$ 100
NFP | MDP
Related Party Transactions
Number of executive officers | subsidiary	1

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Income Taxes
Effective income tax rate (as a percent)	265.40%	10.40%
Income tax expense related to a valuation allowance recorded to reduce the deferred tax assets not expected to be realized in Spain	$ (3.6)
Tax benefit related to changes enacted as a result of the CARES Act		$ 1.9
Deferred tax asset valuation allowance	$ 10.6

Long-Term Debt and Lines of C_3

Long-Term Debt and Lines of Credit - Summary (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Long-term debt
Long term debt gross	$ 589,521
Less debt issuance costs	(6,732)	$ (7,379)
Total long-term debt	582,789	583,790
Less current portion of long-term debt, net of current portion of debt issuance costs	(4,628)	(4,628)
Total long-term debt, long-term portion	578,161	579,162
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	$ 589,521	$ 591,169

Long-Term Debt and Lines of C_4

Long-Term Debt and Lines of Credit - Principal payment requirements (Details) $ in Thousands	Mar. 31, 2021USD ($)
Principal payment requirements:
2021 (remainder of the year)	$ 4,945
2022	6,593
2023	577,983
Total	$ 589,521

Long-Term Debt and Lines of C_5

Long-Term Debt and Lines of Credit - Settlement Lines of Credit (Details) - Settlement facilities - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020
Settlement obligations
Amount outstanding	$ 10.4	$ 13.9
Additional capacity	$ 137.2	$ 137.1
Weighted-average interest rate	3.50%	2.60%

Derivatives - Narrative (Detail

Derivatives - Narrative (Details) - Interest Rate Swap - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020	May 31, 2020
Derivatives
Notional amount			$ 500,000
Interest rate			0.2025%
Reclassification of interest expense over the next 12 months	$ 300
Other assets
Derivatives
Fair value of interest rate swap assets	197
Accrued Liabilities Current
Derivatives
Fair value of interest rate swap liability	$ (285)	$ (341)
Other long-term liabilities
Derivatives
Fair value of interest rate swap liability		$ (192)

Derivatives - AOCI (Details)

Derivatives - AOCI (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Effect of hedge accounting on accumulated other comprehensive loss
Beginning balance	$ (859,218)
Derivative loss reclassified from accumulated other comprehensive income (loss) to interest expense	(88)
Ending balance	(876,645)
Interest expense	(6,098)	$ (9,867)
Accumulated Gain (Loss), Cash Flow Hedge
Effect of hedge accounting on accumulated other comprehensive loss
Beginning balance	(533)
Derivative gain recognized in the current period in accumulated other comprehensive income (loss)	357
Derivative loss reclassified from accumulated other comprehensive income (loss) to interest expense	(88)
Ending balance	(88)
Interest Rate Swap
Effect of hedge accounting on accumulated other comprehensive loss
Interest expense	$ (6,098)

Supplemental Cash Flows Infor_3

Supplemental Cash Flows Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Supplemental disclosure of cash flow data:
Interest paid	$ 5,410	$ 12,680
Income taxes paid	1,735	4,340
Supplemental disclosure of non-cash investing and financing activities:
Operating lease liabilities arising from obtaining new or modified right-of-use assets	2,061	2,262
Decrease in operating lease liabilities and corresponding right-of-use assets resulting from lease modifications	(11)	(6,701)
Accrual of redeemable preferred stock paid-in-kind-dividends	2,382
Exchanges of Class C and Class D common stock for Class A common stock	$ 7,193	$ 882

Redeemable Preferred Stock (Det

Redeemable Preferred Stock (Details) $ / shares in Units, $ in Millions	Apr. 21, 2020USD ($)D$ / sharesshares	Mar. 31, 2021USD ($)$ / shares	Dec. 31, 2020$ / shares
Redeemable preferred stock
Redeemable Preferred Stock
Number of shares issued | shares	152,250
Proceeds from issuance of preferred stock	$ 149.3
Redeemable preferred stock issuance costs	$ 1.7
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		$ 2.4
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		$ 241.5
Redeemable preferred stock | Convertible Preferred Stock, Dividend Rate For First Ten Years
Redeemable Preferred Stock
PIK dividend rate	6.00%
Redeemable preferred stock | Convertible Preferred Stock, Dividend Rate Thereafter
Redeemable Preferred Stock
PIK dividend rate	8.00%
Redeemable preferred stock | Prior to the fourth semi-annual PIK dividend payment date
Redeemable Preferred Stock
Threshold stock price trigger percentage	180.00%
Redeemable preferred stock | After fourth and prior to the fourth semi-annual PIK dividend payment date
Redeemable Preferred Stock
Threshold percentage of voting rights to enable conversion	170.00%
Redeemable preferred stock | On or after the sixth and prior to the eighth semi-annual PIK dividend payment date
Redeemable Preferred Stock
Threshold stock price trigger percentage	160.00%
Redeemable preferred stock | On or after the eighth semi-annual PIK dividend payment date
Redeemable Preferred Stock
Threshold stock price trigger percentage	150.00%
Redeemable preferred stock | Change of Control is on or after the sixth semi-annual PIK dividend payment date
Redeemable Preferred Stock
Percentage of then current liquidation preference per share plus accumulated and unpaid dividends as cash consideration	100.00%
Class A Common Stock
Redeemable Preferred Stock
Common stock, par value (in dollars per share) | $ / shares		$ 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	3 Months Ended		12 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020	Oct. 31, 2020
Redeemable Non-controlling Interests
Beginning balance	$ 1,055,633	$ 1,052,448	$ 1,052,448
Contributions	488		505
Distributions	(8,500)		(4,537)
Net (loss) income attributable to RNCI	(1,724)	(7,288)	(1,149)
Unrealized loss on foreign currency translation adjustment	(10,605)		5,243
Unrealized gain (loss) on change in fair value of interest rate swap	173		(223)
Purchase of Blueapple Class B common stock in connection with secondary offerings			(51,350)
Increase (decrease) in maximum redemption amount in connection with purchase of Blueapple Class B common stock			1,650
Increase in the maximum redemption amount of RNCI	3,000		65,615
Allocation of eService fair value RNCI adjustment to Blueapple	6,349		(12,569)
Ending balance	1,044,814	619,205	1,055,633
Blueapple
Redeemable Non-controlling Interests
Beginning balance	868,738	902,258	902,258
Net (loss) income attributable to RNCI	(2,707)		(8,068)
Unrealized loss on foreign currency translation adjustment	(6,789)		3,658
Unrealized gain (loss) on change in fair value of interest rate swap	173		(223)
Purchase of Blueapple Class B common stock in connection with secondary offerings			(51,350)
Increase (decrease) in maximum redemption amount in connection with purchase of Blueapple Class B common stock			1,650
Increase in the maximum redemption amount of RNCI	19,377		33,382
Allocation of eService fair value RNCI adjustment to Blueapple	6,349		(12,569)
Ending balance	$ 885,141		868,738
eService
Redeemable Non-controlling Interests
Ownership interest (as a percent)	66.00%
Beginning balance	$ 186,436	$ 150,190	150,190
Distributions	(8,500)		(4,537)
Net (loss) income attributable to RNCI	1,131		7,004
Unrealized loss on foreign currency translation adjustment	(3,800)		1,546
Increase in the maximum redemption amount of RNCI	(16,377)		32,233
Ending balance	$ 158,890		186,436
eService | PKO Bank Polski
Redeemable Non-controlling Interests
Ownership interest of noncontrolling owners (as a percent)	34.00%
EVO LLC
Redeemable Non-controlling Interests
Ownership interest (as a percent)	56.50%
Chilean subsidiary
Redeemable Non-controlling Interests
Joint venture ownership interest (as a percent)				50.10%
Beginning balance	$ 459
Contributions	488		505
Net (loss) income attributable to RNCI	(148)		(85)
Unrealized loss on foreign currency translation adjustment	(16)		39
Ending balance	$ 783		$ 459
Chilean subsidiary | BCI
Redeemable Non-controlling Interests
Joint venture ownership interest (as a percent)				49.90%

Fair Value - Summary (Details)

Fair Value - Summary (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Fair Value
Investment in equity securities	$ 24,921	$ 25,526
Interest Rate Swap
Fair Value
Interest rate swap	(100)	(500)
Recurring
Fair Value
Cash equivalents	57,469	39,578
Contingent consideration	(826)	(1,000)
Interest rate swap	(88)	(533)
Investment in equity securities	24,921	25,526
Total	(963,338)	(992,062)
Recurring | Blueapple
Fair Value
Redeemable non-controlling interest	(885,141)	(868,738)
Recurring | eService
Fair Value
Redeemable non-controlling interest	(158,890)	(186,436)
Recurring | Chilean subsidiary
Fair Value
Redeemable non-controlling interest	(783)	(459)
Level 1 | Recurring
Fair Value
Cash equivalents	57,469	39,578
Total	(827,672)	(829,160)
Level 1 | Recurring | Blueapple
Fair Value
Redeemable non-controlling interest	(885,141)	(868,738)
Level 2 | Recurring
Fair Value
Interest rate swap	(88)	(533)
Investment in equity securities	24,921	25,526
Total	24,833	24,993
Level 3 | Recurring
Fair Value
Contingent consideration	(826)	(1,000)
Total	(160,499)	(187,895)
Level 3 | Recurring | eService
Fair Value
Redeemable non-controlling interest	(158,890)	(186,436)
Level 3 | Recurring | Chilean subsidiary
Fair Value
Redeemable non-controlling interest	$ (783)	$ (459)

Fair Value - Other (Details)

Fair Value - Other (Details) $ in Thousands, € in Millions	3 Months Ended
	Mar. 31, 2021USD ($)	Mar. 31, 2021EUR (€)	Dec. 31, 2020USD ($)
Fair Value
Long-term debt, fair value	$ 588,800		$ 592,600
Loss on investment in equity securities	(240)
Visa Series A preferred stock
Fair Value
Loss on investment in equity securities	200
Visa Series C preferred stock
Fair Value
Carrying amount of Visa preferred shares	7,400	€ 6.5
Estimated fair value of Visa preferred shares	$ 19,900		20,400
Convertible preferred stock, conversion period (in years)	12 years
Interest Rate Swap
Fair Value
Derivative Liability, Fair Value, Gross Liability	$ 100		$ 500
Minimum | Market Approach
Fair Value
Valuation multiples for revenue	3.75
Valuation multiples for EBITDA	7
Maximum | Market Approach
Fair Value
Valuation multiples for revenue	4.25
Valuation multiples for EBITDA	8.50
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)	13.00%
eService | Maximum | Growth Rate
Fair Value
Redeemable non-controlling interest, measurement input (as a percent)	15.00%

Segment Information - Informati

Segment Information - Information on segments & reconciliations (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Segment Information
Revenue	$ 106,180	$ 111,169
Segment profit	1,707	(15,150)
Depreciation and amortization	(20,926)	(21,424)
Net interest expense	(5,857)	(9,454)
Provision for income tax expense	(4,530)	1,580
Share-based compensation expense	(5,798)	(3,585)
Less: Net loss attributable to non-controlling interests of EVO Investco, LLC	(3,049)	(9,801)
Net loss attributable to EVO Payments, Inc.	(842)	(4,808)
Capital expenditures	10,861	5,167
Operating
Segment Information
Segment profit	39,102	28,783
Corporate
Segment Information
Segment profit	(5,882)	(10,509)
Americas
Segment Information
Revenue	70,427	70,872
Segment profit	29,976	19,960
Capital expenditures	2,663	3,831
Europe
Segment Information
Revenue	35,753	40,297
Segment profit	9,126	8,823
Capital expenditures	$ 8,198	$ 1,336

Segment Information - long live

Segment Information - long lived assets by geographic location (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Segment Reporting Information [Line Items]
Long-lived assets	$ 112,027	$ 118,730
Poland
Segment Reporting Information [Line Items]
Long-lived assets	37,346	40,945
United States
Segment Reporting Information [Line Items]
Long-lived assets	28,811	30,334
Mexico
Segment Reporting Information [Line Items]
Long-lived assets	19,916	20,862
Other
Segment Reporting Information [Line Items]
Long-lived assets	$ 25,954	$ 26,589

Segment Information - Revenue f

Segment Information - Revenue from external customers (Details) - Revenue from external customers - Geographic Concentration Risk	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
United States
Revenue from external customers
Revenue from external customers as a percentage of total revenue	41.80%	40.30%
Mexico
Revenue from external customers
Revenue from external customers as a percentage of total revenue	21.50%	20.60%
Poland
Revenue from external customers
Revenue from external customers as a percentage of total revenue	15.90%	16.50%

Shareholder's Equity - Organiza

Shareholder's Equity - Organization structure (Details)	3 Months Ended
	Mar. 31, 2021Voteshares
Class A Common Stock
Shareholders' Equity
Number of votes per share	1
Exchange basis for newly issued shares | shares	1
Executive Officers | Class C Common Stock
Shareholders' Equity
Number of votes per share	3.5
Blueapple | Class B Common Stock
Shareholders' Equity
Percentage of combined voting power	15.90%
MDP | Current and Former Employees | 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
	Mar. 31, 2021	Mar. 31, 2020	Feb. 25, 2020	May 22, 2018
Stock Compensation Plans and Share-Based Compensation Awards
Share-based compensation expense	$ 5,798	$ 3,585
Income tax benefit	$ (958)	$ (407)
2018 Plan | Class A Common Stock
Stock Compensation Plans and Share-Based Compensation Awards
Shares reserved for issuance				7,792,162
Amended and Restated 2018 Plan | Class A Common Stock
Stock Compensation Plans and Share-Based Compensation Awards
Shares reserved for issuance			15,142,162

Stock Compensation Plans and _4

Stock Compensation Plans and Share-Based Compensation Awards - Awards, UAR, RSA (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	May 25, 2018	Mar. 31, 2021	Mar. 31, 2020
Stock Compensation Plans and Share-Based Compensation Awards
Share-based compensation expense		$ 5,798	$ 3,585
RSAs
Stock Compensation Plans and Share-Based Compensation Awards
Fair value (in dollars per share)	$ 16
Share-based compensation expense		100	100
Unrecognized compensation expense		100	100
Total fair value of share based awards vested		$ 100	$ 100
Number outstanding
Balance at beginning of period (in shares)		4
Vested (in shares)		(3)
Balance at end of period (in shares)		1
Weighted average grant date fair value
Balance at beginning of period (in dollars per share)		$ 16
Vested (in dollars per share)		16
Balance at end of period (in dollars per share)		$ 16

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
	Mar. 31, 2021	Mar. 31, 2020
Stock Compensation Plans and Share-Based Compensation Awards
Share-based compensation expense	$ 5,798	$ 3,585
RSUs
Stock Compensation Plans and Share-Based Compensation Awards
Share-based compensation expense	2,500	1,700
Unrecognized compensation expense	$ 32,000	$ 27,700
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	$ 6,000	$ 3,200
Number outstanding
Balance at beginning of period (in shares)	1,149
Granted (in shares)	599
Vested (in shares)	(235)
Forfeited (in shares)	(16)
Balance at end of period (in shares)	1,497
Weighted average grant date fair value
Balance at beginning of period (in dollars per share)	$ 22.92
Granted (in dollars per share)	25.49
Vested (in dollars per share)	25.58
Forfeited (in dollars per share)	20.81
Balance at end of period (in dollars per share)	$ 23.55
RSUs | Executive Officers
Stock Compensation Plans and Share-Based Compensation Awards
Vesting period	3 years

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	Mar. 29, 2020	Aug. 31, 2020	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Stock Compensation Plans and Share-Based Compensation Awards
Share-based compensation expense			$ 5,798	$ 3,585
Stock options
Stock Compensation Plans and Share-Based Compensation Awards
Share-based compensation expense			$ 3,100	$ 1,900
Number outstanding
Balance at beginning of period (in shares)			5,084
Granted (in shares)			1,018
Exercised (in shares)			(58)
Forfeited (in shares)			(139)
Balance at end of period (in shares)			5,905		5,084
Exercisable at end of period (in shares)			2,232
Weighted average grant date fair value
Balance at beginning of period (in dollars per share)			$ 7.60
Granted (in dollars per share)			9.67
Exercised (in dollars per share)			7.22
Forfeited (in dollars per share)			7.34
Balance at end of period (in dollars per share)			7.96		$ 7.60
Exercisable at end of period (in dollars per share)			7.13
Weighted average exercise price
Balance at beginning of period (in dollars per share)			21.06
Granted (in dollars per share)			25.50
Exercised (in dollars per share)			19.82
Forfeited (in dollars per share)			20.52
Balance at end of period (in dollars per share)			21.85		$ 21.06
Exercisable at end of period (in dollars per share)			$ 19.38
Share-based Compensation Arrangement by Share-based Payment Award, Options, Weighted Average Contractual Term [Abstract]
Weighted average remaining contractual term (in years)			8 years 5 months 1 day		8 years 4 months 9 days
Exercisable at Weighted average remaining contractual term (in years)			8 years 29 days
Total Intrinsic Value
Aggregate Intrinsic Value at beginning of period			$ 30,405
Aggregate Intrinsic Value,Forfeited			$ 1,114
Aggregate Intrinsic Value at end of period			$ 33,554		$ 30,405
Aggregate Intrinsic Value, Exercisable Options			$ 18,178
Other disclosures
Weighted average period outstanding for unvested stock options			2 years 6 months	2 years 7 months 6 days
Unrecognized compensation expense			$ 27,700	$ 33,400
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 options | Executive Officers
Other disclosures
Vesting period			3 years

Stock Compensation Plans and _7

Stock Compensation Plans and Share-Based Compensation Awards - Fair Value Assumptions (Details) - Stock options - $ / shares	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
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)	1.15%	0.90%
Expected volatility (as a percent)	34.59%	30.20%
Dividend yield (as a percent)	0.00%	0.00%
Weighted-average fair value at grant date	9.67	6.82

Stock Compensation Plans and _8

Stock Compensation Plans and Share-Based Compensation Awards - Market and Service-Based Stock Options (Details) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2021USD ($)Dinstallment$ / sharesshares	Mar. 31, 2020USD ($)
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions and Methodology [Abstract]
Share-based compensation expense	$ 5,798	$ 3,585
Market and Service-Based Stock Options | Chief Executive Officer
Stock Compensation Plans and Share-Based Compensation Awards
Options Granted (in shares) | shares	287,395
Fair value of options granted	$ 2,900
Trailing period | D	20
Percentage of closing price	110.00%
Trading days | D	20
Number of installments | installment	3
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions and Methodology [Abstract]
Expected life (in years)	7 years
Weighted-average risk-free interest rate (as a percent)	1.15%
Expected volatility (as a percent)	34.65%
Dividend yield (as a percent)	0.00%
Exercise price | $ / shares	$ 25.46
Vesting period	3 years
Share-based compensation expense	$ 200
Unrecognized compensation expense	$ 2,700
Weighted average period for unrecognized compensation expense (in years)	1 year 4 months 24 days