Payoneer Global Inc

For the period ended Dec 31, 2024. Filed Feb 27, 2025.

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.

FY2024 · Filed Feb 27, 2025

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

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Contents

Consolidated statements of comprehensive income (loss

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


	Year ended December 31,
	2024		2023		2022

Revenues		$977,716		$831,103		$627,623

Transaction costs (Excluding depreciation and amortization shown separately below and including $1,399, $1,781, and $1,491 interest expense and fees associated with related party transactions in 2024, 2023, and 2022 respectively, refer to Notes 14 and 26 for further information)		152,106		122,291		110,165
Other operating expenses		169,550		160,609		149,199
Research and development expenses		134,631		119,197		115,041
Sales and marketing expenses		211,839		196,654		164,564
General and administrative expenses		113,263		100,929		90,010
Depreciation and amortization		47,296		27,814		20,858
Total operating expenses		828,685		727,494		649,837

Operating income (loss)		149,031		103,609		(22,214)


Financial income (expense):
Gain from change in fair value of Warrants		2,767		17,359		33,963
Loss on Warrant repurchase/redemption		(14,746)		—		—
Other financial income (expense), net		2,419		11,568		(10,131)
Financial income (expense), net		(9,560)		28,927		23,832

Income before income taxes and share in losses of associated company		139,471		132,536		1,618

Income taxes		18,308		39,203		13,586

Share in losses of associated company		—		—		2

Net income (loss)		$121,163		$93,333		$(11,970)

Other comprehensive loss
Unrealized loss on available-for-sale debt securities, net		(412)		—		—
Tax benefit on unrealized loss on available-for-sale debt securities, net		90		—		—
Unrealized loss on cash flow hedges, net		(15,473)		—		—
Tax benefit on unrealized loss on cash flow hedges, net		3,428		—		—
Foreign currency translation adjustments		(66)		—		(2,429)
Other comprehensive loss		(12,433)		—		(2,429)

Comprehensive income (loss)		$108,730		$93,333		$(14,399)

Per Share Data
Net income (loss) per share attributable to common stockholders — Basic earnings (loss) per share		$0.34		$0.26		$(0.03)
— Diluted earnings (loss) per share		$0.31		$0.24		$(0.03)

Weighted average common shares outstanding — Basic		358,345,945		361,678,893		348,044,831
Weighted average common shares outstanding — Diluted		386,237,179		392,665,718		348,044,831

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.