Payoneer Global Inc.

For the period ended Dec 31, 2025. Filed Feb 26, 2026.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Feb 26, 2026

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

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Contents

Consolidated statements of comprehensive income

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


· · Year ended December 31,
· · 2025 · · 2024 · · 2023

Revenues	$1,052,774	$977,716	$831,103

Transaction costs	165,239	152,106	122,291
Other operating expenses	165,265	169,550	160,609
Research and development expenses	155,423	134,631	119,197
Sales and marketing expenses	235,150	211,839	196,654
General and administrative expenses	141,405	113,263	100,929
Depreciation and amortization	65,625	47,296	27,814
Total operating expenses	928,107	828,685	727,494

Operating income	124,667	149,031	103,609


Financial income (expense):
Gain from change in fair value of Warrants	—	2,767	17,359
Loss on Warrant repurchase/redemption	—	(14,746)	—
Other financial income (expense), net	(9,079)	2,419	11,568
Financial income (expense), net	(9,079)	(9,560)	28,927

Income before income taxes	115,588	139,471	132,536

Income taxes	42,396	18,308	39,203

Net income	$73,192	$121,163	$93,333

Other comprehensive income (loss)
Unrealized gain (loss) on available-for-sale debt securities, net	11,641	(412)	—
Tax (expense) benefit on unrealized gain (loss) on available-for-sale debt securities, net	(2,621)	90	—
Unrealized gain on cash flow hedges, net	1,557	1,295	—
Tax expense on unrealized gain on cash flow hedges, net	(323)	(233)	—
Unrealized loss on interest rate floor, net	(4,426)	(16,768)	—
Tax benefit on unrealized loss on interest rate floor, net	1,117	3,661	—
Foreign currency translation adjustments	(613)	(66)	—
Other comprehensive income (loss)	6,332	(12,433)	—

Comprehensive income	$79,524	$108,730	$93,333

Per Share Data
Net income per share attributable to common stockholders — Basic earnings per share	$0.20	$0.34	$0.26
— Diluted earnings per share	$0.19	$0.31	$0.24

Weighted average common shares outstanding — Basic	361,172,145	358,345,945	361,678,893
Weighted average common shares outstanding — Diluted	376,731,192	386,237,179	392,665,718

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.