Payoneer Global Inc

For the period ended Sep 30, 2024. Filed Nov 5, 2024.

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, 2024 · Filed Nov 5, 2024

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

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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,
· · 2024 · 2023 · · 2024 · 2023
Revenues	$248,274	$208,035	$715,977	$606,783

Transaction costs (Exclusive of depreciation and amortization shown separately below and inclusive of $401 and $437 in interest expense and fees associated with related party transactions during the three months ended September 30, 2024 and 2023, and $1,213 and $1,294 during the nine months ended September 30, 2024 and 2023 respectively; refer to Notes 12 and 21 for further information)	38,058	30,393	108,985	85,971
Other operating expenses	44,892	40,301	126,417	120,923
Research and development expenses	34,616	26,950	94,247	84,225
Sales and marketing expenses	52,311	48,664	152,815	144,892
General and administrative expenses	29,725	25,112	80,036	73,805
Depreciation and amortization	13,510	7,116	33,630	19,064
Total operating expenses	213,112	178,536	596,130	528,880

Operating income	35,162	29,499	119,847	77,903

Financial income (expense):
Gain (loss) from change in fair value of Warrants	-	(7,799)	2,767	5,535
Loss on Warrant repurchase/redemption	(14,746)	-	(14,746)	-
Other financial income, net	1,674	1,137	5,397	7,805
Financial income (expense), net	(13,072)	(6,662)	(6,582)	13,340

Income before taxes on income	22,090	22,837	113,265	91,243

Tax benefit (expense) on income	19,484	(10,012)	(10,292)	(24,931)

Net income	$41,574	$12,825	$102,973	$66,312

Other comprehensive income
Unrealized gain on available-for-sale debt securities, net	12,256	-	13,127	-
Tax expense on unrealized gains on available-for-sale debt securities, net	(2,816)	-	(2,816)	-
Unrealized gain on cash flow hedges, net	1,168	-	503	-
Tax expense on unrealized gains on cash flow hedges, net	(211)	-	(91)	-
Other comprehensive income, net of tax	10,397	-	10,723	-

Comprehensive income	$51,971	$12,825	$113,696	$66,312

Per Share Data
Net income per share attributable to common stockholders — Basic earnings per share	$0.12	$0.04	$0.29	$0.18
— Diluted earnings per share	$0.11	$0.03	$0.27	$0.17

Weighted average common shares outstanding — Basic	357,297,824	357,429,113	357,631,049	361,206,439
Weighted average common shares outstanding — Diluted	374,303,470	381,845,099	379,125,363	389,658,789

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.