Payoneer Global Inc
For the period ended Dec 31, 2024. Filed Feb 27, 2025.
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FY2024 · Filed Feb 27, 2025
PAYO$7.150.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated balance sheets
U.S. DOLLARS IN THOUSANDS, EXCEPT SHARE AND PER SHARE DATA
| | | | | | | |
|---|---|---|---|---|---|---|
| · · December 31, | ||||||
| · 2024 · 2023 | ||||||
| Assets: · · | ||||||
| Current assets: · · | ||||||
| Cash and cash equivalents | | $497,467 | | $617,022 | ||
| Restricted cash | | 6,633 | | 7,030 | ||
| Customer funds | | 6,439,153 | | 6,390,526 | ||
| Accounts receivable (net of allowance of $382 in 2024 and $385 in 2023) | | 11,937 | | 7,980 | ||
| Capital advance receivables (net of allowance of $4,955 in 2024 and $5,059 in 2023) | | 56,242 | | 45,493 | ||
| Other current assets | | 88,210 | | 40,672 | ||
| Total current assets | | 7,099,642 | | 7,108,723 | ||
| Non-current assets: | | | | |||
| Property, equipment and software, net | | 16,053 | | 15,499 | ||
| Goodwill | | 77,785 | | 19,889 | ||
| Intangible assets, net | | 102,390 | | 76,266 | ||
| Customer funds | | | 525,000 | | | — |
| Restricted cash | | 17,653 | | 5,780 | ||
| Deferred taxes | | 41,523 | | 15,291 | ||
| Severance pay fund | | 757 | | 840 | ||
| Operating lease right-of-use assets | | | 19,403 | | | 24,854 |
| Other assets | | 30,174 | | 15,977 | ||
| Total assets | | $7,930,380 | | $7,283,119 | ||
| | | | | | | |
| Liabilities and shareholders’ equity: | | | | |||
| Current liabilities: | | | | |||
| Trade payables | | $37,302 | | $33,941 | ||
| Outstanding operating balances | | 6,964,153 | | 6,390,526 | ||
| Other payables | | 129,621 | | 117,508 | ||
| Total current liabilities | | 7,131,076 | | 6,541,975 | ||
| Non-current liabilities: | | | | | | |
| Long-term debt from related party (refer to Notes 14 and 26 for further information) | | — | | 18,411 | ||
| Warrant liability | | — | | 8,555 | ||
| Deferred taxes | | | 1,471 | | | — |
| Other long-term liabilities | | 73,043 | | 49,905 | ||
| Total liabilities | | | 7,205,590 | | | 6,618,846 |
| Commitments and contingencies (Note 19) | | | | |||
| | | | | | | |
| Shareholders’ equity: | | | | |||
| Preferred stock, $0.01 par value, 380,000,000 shares authorized; no shares were issued and outstanding at December 31, 2024 and December 31, 2023. | | — | | — | ||
| Common stock, $0.01 par value, 3,800,000,000 and 3,800,000,000 shares authorized; 395,965,588 and 368,655,185 shares issued and 360,093,249 and 357,590,493 shares outstanding at December 31, 2024 and December 31, 2023, respectively. | | 3,960 | | 3,687 | ||
| Treasury stock at cost, 35,872,339 and 11,064,692 shares at December 31, 2024 and December 31, 2023, respectively. | | | (193,724) | | | (56,936) |
| Additional paid-in capital | | 821,196 | | 732,894 | ||
| Accumulated other comprehensive loss | | (12,609) | | (176) | ||
| Retained earnings (accumulated deficit) | | | 105,967 | | | (15,196) |
| Total shareholders’ equity | | | 724,790 | | | 664,273 |
| Total liabilities and shareholders’ equity | | $7,930,380 | | $7,283,119 | ||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.