← Payoneer Global Inc.
| Annual Trend | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|
| Net income | ($625k) | ($23.7m) | ($34.0m) | ($12.0m) | $93.3m | $121.2m | $73.2m | |
| Net Income From Continuing Operations | — | — | — | ($12.0m) | $93.3m | $121.2m | $73.2m | |
| Depreciation and amortization | $10.3m | $17.1m | $18.0m | $20.9m | $27.8m | $47.3m | $65.6m | |
| Interest and amortization of discount on investments | — | — | — | — | — | ($8.6m) | $1.2m | |
| Amortization Cash Flow | — | — | — | $12.0m | $19.4m | $37.0m | $53.7m | |
| Amortization Of Intangibles | — | — | — | $12.0m | $19.4m | $37.0m | $53.7m | |
| Depreciation Amortization Depletion | — | — | — | $20.2m | $27.5m | $45.4m | $63.7m | |
| Deferred taxes | ($694k) | ($721k) | ($1.2m) | $731k | ($11.1m) | ($22.6m) | ($17.4m) | |
| Deferred Income Tax | — | — | — | $731k | ($11.1m) | ($22.6m) | ($17.4m) | |
| Deferred Tax | — | — | — | $731k | ($11.1m) | ($22.6m) | ($17.4m) | |
| Asset Impairment Charge | — | — | — | $614k | — | $1.9m | $1.9m | |
| Operating lease right-of-use assets | — | — | $9.5m | $10.7m | $10.2m | $14.1m | $11.0m | |
| Right-of-use assets obtained in exchange for new operating lease liabilities | — | — | $3.2m | $13.0m | $19.8m | $8.6m | $51.3m | |
| Earnings (Loss)es From Equity Investments | — | — | $37k | $2k | $0 | $0 | — | |
| Stock-based compensation expenses | $9.5m | $11.1m | $37.0m | $52.1m | $65.8m | $64.8m | $73.1m | |
| Gain from change in fair value of Warrants | — | — | ($11.8m) | ($34.0m) | ($17.4m) | ($2.8m) | — | |
| Loss on Warrant repurchase/redemption | — | — | — | — | — | $14.7m | — | |
| Interest on certificate of deposits | — | — | — | — | — | ($11.4m) | ($13.4m) | |
| Foreign currency re-measurement (gain) loss | ($521k) | ($576k) | $1.1m | $2.8m | ($4.4m) | $3.5m | ($5.0m) | |
| Other current assets | ($1.3m) | $3.6m | ($14.7m) | ($11.4m) | ($4.3m) | ($44.8m) | $4.4m | |
| Trade payables | $6.8m | $2.9m | $469k | $24.3m | ($8.3m) | $1.1m | $7.9m | |
| Deferred revenue | ($1.9m) | $417k | ($432k) | $224k | $1.3m | $2.0m | $1.1m | |
| Accounts receivable, net | $1.2m | ($3.9m) | $3.9m | $964k | $4.9m | $337k | $1.5m | |
| Capital advance extended to customers | ($171.1m) | ($266.1m) | ($330.5m) | ($223.8m) | ($299.1m) | ($329.5m) | ($313.3m) | |
| Capital advance collected from customers | $128.1m | $259.8m | $342.9m | $237.8m | $290.8m | $318.8m | $325.8m | |
| Other payables | $12.0m | $15.4m | $691k | $16.6m | $13.6m | $4.0m | ($797k) | |
| Other long-term liabilities | $1.8m | ($2.6m) | ($4.8m) | ($3.5m) | $232k | $6.4m | $18.1m | |
| Other assets | ($8.1m) | ($3.3m) | ($1.3m) | $1.5m | ($4.0m) | ($13.0m) | $540k | |
| Purchase of property, equipment and software | ($9.1m) | ($5.0m) | ($6.9m) | ($10.5m) | ($8.5m) | ($8.2m) | ($26.9m) | |
| Capitalization of internal use software | ($8.1m) | ($9.0m) | ($14.0m) | ($18.3m) | ($39.3m) | ($52.2m) | ($60.9m) | |
| Related party asset acquisition | — | — | — | — | ($3.6m) | — | — | |
| Severance pay fund distributions, net | ($40k) | $378k | ($99k) | $628k | $255k | $83k | ($99k) | |
| Customer funds in transit, net | $3.2m | ($37.7m) | $31.2m | $33.9m | $930k | ($50.8m) | ($38.7m) | |
| Investments in interest rate derivatives | — | — | — | — | — | ($35.2m) | ($15.9m) | |
| Cash paid in connection with acquisition, net of cash and customer funds acquired (Refer to Note 3 for further information) | — | ($15.5m) | — | — | — | ($48.2m) | ($33.1m) | |
| Net cash inflow from acquisition of remaining interest in joint venture | — | — | — | — | $6.0m | — | — | |
| Outstanding operating balances, net | $292.7m | $1.7b | $1.1b | $1.4b | $551.9m | $563.6m | $908.3m | |
| Borrowings under related party facility | — | — | $17.4m | $29.4m | $26.9m | $15.1m | — | |
| Repayments under related party facility | — | — | ($3.8m) | ($26.8m) | ($24.6m) | ($33.5m) | — | |
| Receipts of collateral on interest rate derivatives | — | — | — | — | — | $37.9m | $126.1m | |
| Payments of collateral on interest rate derivatives | — | — | — | — | — | ($19.1m) | ($117.6m) | |
| Consideration related to previous acquisitions | — | — | — | — | — | — | ($4.5m) | |
| Warrant repurchase/redemption (Refer to Note 17 for further information) | — | — | — | — | — | ($19.8m) | — | |
| Payment on exercise of warrants | — | — | — | — | — | — | ($1.3m) | |
| Property, equipment, and software acquired but not paid | $444k | $534k | $20k | $109k | $810k | $1.5m | $453k | |
| Internal use software capitalized but not paid | $1.1m | $988k | $1.6m | $4.4m | $10.2m | $7.1m | $7.8m | |
| Beginning Cash Position | — | — | — | $4.8b | $6.4b | $7.0b | $5.7b | |
| Cash Flow From Continuing Financing Activities | — | — | — | $1.5b | $512.0m | $427.8m | $738.0m | |
| Cash Flow From Continuing Investing Activities | — | — | — | $5.7m | ($44.3m) | ($2.0b) | ($218.3m) | |
| Change In Account Payable | — | — | — | $24.3m | ($8.3m) | $1.1m | $7.9m | |
| Change In Other Current Assets | — | — | — | $786k | $2.0m | ($32.3m) | $15.9m | |
| Change In Other Current Liabilities | — | — | — | ($3.5m) | $232k | $6.4m | $18.1m | |
| Change In Other Working Capital | — | — | — | $238.1m | $292.1m | $320.8m | $326.9m | |
| Change In Payable | — | — | — | $40.9m | $5.3m | $5.1m | $7.1m | |
| Change In Payables And Accrued Expense | — | — | — | $40.9m | $5.3m | $5.1m | $7.1m | |
| Change In Prepaid Assets | — | — | — | ($223.8m) | ($299.1m) | ($329.5m) | ($313.3m) | |
| Change In Receivables | — | — | — | $964k | $4.9m | $337k | $1.5m | |
| Change In Working Capital | — | — | — | $53.4m | $5.4m | ($29.2m) | $56.2m | |
| Changes In Account Receivables | — | — | — | $964k | $4.9m | $337k | $1.5m | |
| Changes In Cash | — | — | — | $1.6b | $627.2m | ($1.4b) | $753.2m | |
| End Cash Position | — | — | — | $6.4b | $7.0b | $5.7b | $6.4b | |
| Financing Cash Flow | — | — | — | $1.5b | $512.0m | $427.8m | $738.0m | |
| Free Cash Flow | — | — | — | $55.1m | $111.7m | $116.5m | $145.8m | |
| Gain Loss On Investment Securities | — | — | ($6.7m) | ($34.0m) | ($17.4m) | $12.0m | — | |
| Investing Cash Flow | — | — | — | $5.7m | ($44.3m) | ($2.0b) | ($218.3m) | |
| Issuance Of Capital Stock | — | — | $19.0m | $0 | $13.2m | — | — | |
| Net Business Purchase And Sale | — | — | — | $0 | $6.0m | ($48.2m) | ($33.1m) | |
| Net Foreign Currency Exchange Gain Loss | — | — | — | $2.8m | ($4.4m) | $3.5m | ($5.0m) | |
| Net PPE Purchase And Sale | — | — | — | ($10.5m) | ($8.5m) | ($8.2m) | ($26.9m) | |
| Net Preferred Stock Issuance | — | — | ($39.8m) | $0 | $0 | — | — | |
| Operating Gains Losses | — | — | — | ($31.2m) | ($21.7m) | $15.5m | ($5.0m) | |
| Other Non Cash Items | — | — | — | — | $324k | ($20.0m) | ($12.2m) | |
| Preferred Stock Issuance | — | — | $0 | $0 | — | — | — | |
| Preferred Stock Payments | — | — | ($39.8m) | $0 | $0 | — | — | |
| Proceeds From Stock Option Exercised | — | — | — | $21.3m | $13.2m | $1.3m | ($618k) | |
| Purchase Of Business | — | — | — | $0 | $0 | ($48.2m) | ($33.1m) | |
| Purchase Of PPE | — | — | $6.9m | ($10.5m) | ($8.5m) | ($8.2m) | ($26.9m) | |
| Repurchase Of Capital Stock | — | — | — | $0 | ($55.4m) | ($137.5m) | ($173.6m) | |
| Sale Of Business | — | — | — | $0 | $6.0m | $0 | $0 | |
| Stock Based Compensation | — | — | — | $52.1m | $65.8m | $64.8m | $73.1m | |
| Net cash provided by operating activities | ($14.3m) | $9.5m | $20.0m | $84.0m | $159.5m | $176.9m | $233.5m | |
| Capital Expenditure Reported | — | — | — | ($18.3m) | ($39.3m) | ($52.2m) | ($60.9m) | |
| Purchases of investments in available-for-sale debt securities | — | — | — | — | — | ($1.4b) | ($446.3m) | |
| Purchases of investments in term deposits | — | — | — | — | — | ($600.0m) | — | |
| Net Investment Purchase And Sale | — | — | — | $0 | $0 | ($1.8b) | ($58.8m) | |
| Purchase Of Investment | — | — | — | $0 | $0 | ($2.1b) | ($462.3m) | |
| Maturities of investments in available-for-sale debt securities | — | — | — | — | — | $277.0m | $328.5m | |
| Maturities of investments in term deposits | — | — | — | — | — | — | $75.0m | |
| Sale Of Investment | — | — | — | $0 | $0 | $277.0m | $403.5m | |
| Net Other Investing Changes | — | — | — | $34.6m | ($2.4m) | ($50.7m) | ($38.8m) | |
| Net cash used in investing activities | ($20.6m) | ($66.9m) | $10.2m | $5.7m | ($44.3m) | ($2.0b) | ($218.3m) | |
| Issuance Of Debt | — | — | — | $29.4m | $26.9m | $15.1m | $0 | |
| Long Term Debt Issuance | — | — | — | $29.4m | $26.9m | $15.1m | $0 | |
| Net Issuance Payments Of Debt | — | — | — | $2.6m | $2.3m | ($18.4m) | $0 | |
| Net Long Term Debt Issuance | — | — | — | $2.6m | $2.3m | ($18.4m) | $0 | |
| Long Term Debt Payments | — | — | — | ($26.8m) | ($24.6m) | ($33.5m) | $0 | |
| Repayment Of Debt | — | — | — | ($26.8m) | ($24.6m) | ($33.5m) | $0 | |
| 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 | $1.9m | $5.7m | $3.7m | $21.3m | $13.2m | $21.1m | $714k | |
| Common Stock Issuance | — | — | $19.0m | $21.3m | $13.2m | — | — | |
| Net Common Stock Issuance | — | — | — | $0 | ($55.4m) | ($137.5m) | ($173.6m) | |
| Common stock repurchased | — | — | — | — | ($55.4m) | ($137.5m) | ($173.6m) | |
| Common stock repurchased but not paid, net of excise tax | $1.9m | $5.7m | $3.7m | $9.4m | $1.5m | $775k | $2.3m | |
| Common Stock Payments | — | — | — | $0 | ($55.4m) | ($137.5m) | ($173.6m) | |
| Net Other Financing Charges | — | — | — | $1.4b | $551.9m | $582.4m | $912.3m | |
| Net cash provided by financing activities | $353.7m | $1.7b | $1.4b | $1.5b | $512.0m | $427.8m | $738.0m | |
| Effect of exchange rate changes on cash and cash equivalents | $521k | $636k | ($1.2m) | ($2.7m) | $4.5m | ($3.6m) | $5.3m | |
| Effect Of Exchange Rate Changes | — | — | — | ($2.7m) | $4.5m | ($3.6m) | $5.3m | |
| Net change in cash, cash equivalents, restricted cash and customer funds | $319.4m | $1.6b | $1.4b | $1.5b | $631.6m | ($1.4b) | $758.5m | |
| Cash, cash equivalents, restricted cash and customer funds at beginning of year | $1.8b | $3.4b | $4.8b | $6.4b | $7.0b | $5.7b | $6.4b | |
| Change In Cash Supplemental As Reported | — | — | — | $1.5b | $631.6m | ($1.4b) | $758.5m | |
| Cash interest paid | $311k | $1.9m | $1.9m | $1.5m | $1.8m | $1.4m | $0 |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.