The latest financial statement is for the year ending 2025-12-31.
| Cash Flow | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Gain from change in fair value of warrants | - | -2,767 | -17,359 | -33,963 |
| Net income | 73,192 | 121,163 | 93,333 | -11,970 |
| Depreciation and amortization | 65,625 | 47,296 | 27,814 | 20,858 |
| Deferred taxes | -17,405 | -22,616 | -11,122 | 731 |
| Stock-based compensation expenses | 73,104 | 64,787 | 65,767 | 52,149 |
| Interest on certificate of deposits | 13,370 | - | - | - |
| Share in losses of associated company | - | - | - | -2 |
| Interest and amortization of discount on investments | -1,180 | 8,577 | - | - |
| Foreign currency re-measurement (gain) loss | 5,031 | -3,522 | 4,359 | -2,752 |
| Other current assets | -4,357 | 44,821 | 4,310 | 11,421 |
| Trade payables | 7,868 | 1,127 | -8,326 | 24,284 |
| Deferred revenue | 1,060 | 2,039 | 1,348 | 224 |
| Accounts receivable, net | -1,534 | -337 | -4,898 | -964 |
| Capital advance extended to customers | -313,264 | -329,512 | -299,139 | -223,819 |
| Capital advance collected from customers | -325,841 | -318,763 | -290,801 | -237,834 |
| Other payables | -797 | 3,967 | 13,619 | 16,608 |
| Loss on warrant repurchase/redemption | - | 14,746 | - | - |
| Other long-term liabilities | 18,060 | 6,358 | 232 | -3,480 |
| Operating lease right-of-use assets | -10,995 | -14,068 | -10,248 | -10,686 |
| Other assets | -540 | 12,955 | 3,956 | -1,521 |
| Net cash provided by operating activities | 233,489 | 176,925 | 159,489 | 83,960 |
| Purchases of investments in term deposits | - | 600,000 | - | - |
| Maturities of investments in available-for-sale debt securities | - | 277,000 | - | - |
| Purchase of property, equipment and software | 26,874 | 8,189 | 8,459 | 10,504 |
| Capitalization of internal use software | 60,855 | 52,203 | 39,333 | 18,329 |
| Related party asset acquisition (refer to notes 7 and 22 for further information) | - | - | 3,600 | - |
| Severance pay fund distributions, net | -99 | 83 | 255 | 628 |
| Customer funds in transit, net | -38,683 | -50,768 | 930 | 33,939 |
| Investments in interest rate derivatives | 15,950 | 35,200 | - | - |
| Purchases of investments in available-for-sale debt securities | 446,303 | 1,443,772 | - | - |
| Maturities of investments in available-for-sale debt securities | 328,500 | - | - | - |
| Maturities of investments in term deposits | 75,000 | - | - | - |
| Net cash inflow from acquisition of remaining interest in joint venture (refer to note 8 for further information) | - | - | 5,953 | - |
| Cash paid in connection with acquisition, net of cash and customer funds acquired (refer to note 3 for further information) | 33,081 | 48,218 | - | - |
| Net cash used in investing activities | -218,345 | -1,961,267 | -44,254 | 5,734 |
| Repayments under related party facility (refer to notes 14 and 26 for further information) | - | 33,531 | 24,582 | 26,755 |
| Proceeds from issuance of common stock in connection with stock-based compensation plan, net of taxes paid related to settlement of equity awards and proceeds from employee equity transactions to be remitted to employees | - | 21,119 | 13,203 | 21,346 |
| Borrowings under related party facility (refer to notes 14 and 26 for further information) | - | 15,120 | 26,855 | 29,363 |
| Proceeds from issuance of common stock in connection with stock-based compensation plan, net of taxes paid related to settlement of equity awards and proceeds from employee equity transactions to be remitted to employees | 714 | - | - | - |
| Outstanding operating balances, net | 908,251 | 563,622 | 551,914 | 1,437,358 |
| Receipts of collateral on interest rate derivatives | 126,060 | 37,890 | - | - |
| Payments of collateral on interest rate derivatives | 117,590 | 19,100 | - | - |
| Consideration related to previous acquisitions | -4,461 | - | - | - |
| Warrant repurchase/redemption (refer to note 18 for further information) | - | 19,834 | - | - |
| Payment on exercise of warrants | 1,332 | - | - | - |
| Common stock repurchased | 173,601 | 137,513 | 55,436 | - |
| Net cash provided by financing activities | 738,041 | 427,773 | 511,954 | 1,461,312 |
| Effect of exchange rate changes on cash and cash equivalents | 5,312 | -3,588 | 4,458 | -2,719 |
| Net change in cash, cash equivalents, restricted cash and customer funds | 758,497 | -1,360,157 | 631,647 | 1,548,287 |
| Cash, cash equivalents, restricted cash and customer funds at beginning of year | 5,658,210 | - | - | - |
| Cash, cash equivalents, restricted cash and customer funds at end of year | 6,416,707 | - | - | - |
Payoneer Global Inc. (PAYO)
Payoneer Global Inc. (PAYO)