Payoneer Global Inc.

For the period ended Mar 31, 2025. Filed May 7, 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.

Mar 31, 2025 · Filed May 7, 2025

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

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

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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
· · March 31,
· · 2025 · 2024
Revenues		$246,617	$228,183

Transaction costs (Excluding depreciation and amortization shown separately below and including $0 and $438 in interest expense and fees associated with related party transactions during the three months ended March 31, 2025 and 2024, respectively; refer to Notes 12 and 22 for further information)		39,349	33,966
Other operating expenses		41,658	40,283
Research and development expenses		37,271	32,051
Sales and marketing expenses		54,726	49,890
General and administrative expenses		29,904	24,209
Depreciation and amortization		14,390	9,408
Total operating expenses		217,298	189,807

Operating income		29,319	38,376

Financial income (expense):
Gain from change in fair value of Warrants		-	1,761
Other financial income (expense), net		(1,550)	2,747
Financial income (expense), net		(1,550)	4,508

Income before income taxes		27,769	42,884

Income taxes		7,192	13,910

Net income		$20,577	$28,974

Other comprehensive income
Unrealized gain (loss) on available-for-sale debt securities, net		7,239	(1)
Tax expense on unrealized gains on available-for-sale debt securities, net		(1,605)	-
Unrealized gain (loss) on cash flow hedges, net		(1,787)	34
Tax benefit (expense) on unrealized gains (losses) on cash flow hedges, net		327	(6)
Unrealized gain on interest rate floor, net		6,021	-
Tax expense on unrealized gains on interest rate floor, net		(1,276)	-
Foreign currency translation adjustments		(169)	-
Other comprehensive income		8,750	27

Comprehensive income		$29,327	$29,001

Per Share Data
Net income per share attributable to common stockholders — Basic earnings per share		$0.06	$0.08
— Diluted earnings per share		$0.05	$0.08

Weighted average common shares outstanding — Basic		362,979,571	359,306,195
Weighted average common shares outstanding — Diluted		382,215,129	378,715,301

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.