Payoneer Global Inc.

For the period ended Sep 30, 2025. Filed Nov 5, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2025 · Filed Nov 5, 2025

PAYO$7.16+0.1%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Contents

Condensed consolidated statements of comprehensive income (Unaudited)

U.S. DOLLARS IN THOUSANDS, EXCEPT SHARE AND PER SHARE DATA


· Three months ended · Nine months ended
· · September 30, · · September 30,
· · 2025 · 2024 · · 2025 · 2024
Revenues	$270,850	$248,274	$778,081	$715,977

Transaction costs (Excluding depreciation and amortization shown separately below)	42,483	38,058	122,398	108,985
Other operating expenses	40,386	44,892	124,747	126,417
Research and development expenses	39,864	34,616	114,522	94,247
Sales and marketing expenses	59,489	52,311	171,527	152,815
General and administrative expenses	36,141	29,725	103,061	80,036
Depreciation and amortization	16,140	13,510	46,083	33,630
Total operating expenses	234,503	213,112	682,338	596,130

Operating income	36,347	35,162	95,743	119,847

Financial income (expense):
Gain from change in fair value of Warrants	-	-	-	2,767
Loss on warrant repurchase/redemption	-	(14,746)	-	(14,746)
Other financial income (expense), net	(5,836)	1,674	(7,613)	5,397
Financial expense, net	(5,836)	(13,072)	(7,613)	(6,582)

Income before income taxes	30,511	22,090	88,130	113,265

Tax benefit (expense) on income	(16,388)	19,484	(33,950)	(10,292)

Net income	$14,123	$41,574	$54,180	$102,973

Other comprehensive income
Unrealized gain on available-for-sale debt securities, net	892	12,256	10,696	13,127
Tax expense on unrealized gains on available-for-sale debt securities, net	(200)	(2,816)	(2,374)	(2,816)
Unrealized gain (loss) on cash flow hedges, net	(1,668)	1,168	2,477	503
Tax benefit (expense) on unrealized gains (losses) on cash flow hedges, net	320	(211)	(488)	(91)
Unrealized gain (loss) on interest rate floor, net	(6,190)	-	1,948	-
Tax benefit (expense) on unrealized gains (losses) on interest rate floor, net	1,376	-	(369)	-
Foreign currency translation adjustments	(444)	-	(547)	-
Other comprehensive income	(5,914)	10,397	11,343	10,723

Comprehensive income	$8,209	$51,971	$65,523	$113,696

Per Share Data
Net income per share attributable to common stockholders — Basic earnings per share	$0.04	$0.12	0.15	0.29
— Diluted earnings per share	$0.04	$0.11	0.14	0.27

Weighted average common shares outstanding — Basic	368,266,611	357,297,824	372,726,412	357,631,049
Weighted average common shares outstanding — Diluted	377,633,523	374,303,470	388,619,245	379,125,363

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.