\n | \n | \n\n 2024<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n 2023<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n 2024<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n 2023<\/b><\/p>\n<\/td>\n<\/tr>\n\n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| Revenues<\/td>\n | | \n$<\/td>\n | \n \n261,739<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n$<\/td>\n | \n \n224,320<\/p>\n<\/td>\n | | \n$<\/td>\n | \n \n977,716<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n$<\/td>\n | \n \n831,103<\/p>\n<\/td>\n<\/tr>\n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| 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.)<\/td>\n | | \n | \n\n \n43,121<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n36,320<\/p>\n<\/td>\n | | \n | \n\n \n152,106<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n122,291<\/p>\n<\/td>\n<\/tr>\n | \n| Other operating expenses<\/td>\n | | \n | \n\n \n43,133<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n39,686<\/p>\n<\/td>\n | | \n | \n\n \n169,550<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n160,609<\/p>\n<\/td>\n<\/tr>\n | \n| Research and development expenses<\/td>\n | | \n | \n\n \n40,384<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n34,972<\/p>\n<\/td>\n | | \n | \n\n \n134,631<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n119,197<\/p>\n<\/td>\n<\/tr>\n | \n| Sales and marketing expenses<\/td>\n | | \n | \n\n \n59,024<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n51,762<\/p>\n<\/td>\n | | \n | \n\n \n211,839<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n196,654<\/p>\n<\/td>\n<\/tr>\n | \n| General and administrative expenses<\/td>\n | | \n | \n\n \n33,227<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n27,124<\/p>\n<\/td>\n | | \n | \n\n \n113,263<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n100,929<\/p>\n<\/td>\n<\/tr>\n | \n| Depreciation and amortization<\/td>\n | | \n | \n\n \n13,666<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n8,750<\/p>\n<\/td>\n | | \n | \n\n \n47,296<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n27,814<\/p>\n<\/td>\n<\/tr>\n | \n| Total operating expenses<\/b><\/td>\n | | \n | \n\n \n232,555<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n198,614<\/p>\n<\/td>\n | | \n | \n\n \n828,685<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n727,494<\/p>\n<\/td>\n<\/tr>\n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| Operating income<\/b><\/td>\n | | \n | \n\n \n29,184<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n25,706<\/p>\n<\/td>\n | | \n | \n\n \n149,031<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n103,609<\/p>\n<\/td>\n<\/tr>\n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| Financial income (expense):<\/b><\/td>\n | | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | <\/tr>\n \n| Gain from change in fair value of Warrants<\/td>\n | | \n | \n\n \n\u2014<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n11,824<\/p>\n<\/td>\n | | \n | \n\n \n2,767<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n17,359<\/p>\n<\/td>\n<\/tr>\n | \n| Loss on Warrant repurchase\/redemption<\/td>\n | | \n | \n\n \n\u2014<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n\u2014<\/p>\n<\/td>\n | | \n | \n\n \n(14,746<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n | \n\n \n\u2014<\/p>\n<\/td>\n<\/tr>\n | \n| Other financial income (expense), net<\/td>\n | | \n | \n\n \n(2,978<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n | \n\n \n3,763<\/p>\n<\/td>\n | | \n | \n\n \n2,419<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n11,568<\/p>\n<\/td>\n<\/tr>\n | \n| Financial income (expense), net<\/b><\/td>\n | | \n | \n\n \n(2,978<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n | \n\n \n15,587<\/p>\n<\/td>\n | | \n | \n\n \n(9,560<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n | \n\n \n28,927<\/p>\n<\/td>\n<\/tr>\n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| Income before income taxes<\/b><\/td>\n | | \n | \n\n \n26,206<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n41,293<\/p>\n<\/td>\n | | \n | \n\n \n139,471<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n132,536<\/p>\n<\/td>\n<\/tr>\n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| Income taxes<\/b><\/td>\n | | \n | \n\n \n8,016<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n14,272<\/p>\n<\/td>\n | | \n | \n\n \n18,308<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n39,203<\/p>\n<\/td>\n<\/tr>\n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| Net income<\/b><\/td>\n | | \n$<\/td>\n | \n \n18,190<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n$<\/td>\n | \n \n27,021<\/p>\n<\/td>\n | | \n$<\/td>\n | \n \n121,163<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n$<\/td>\n | \n \n93,333<\/p>\n<\/td>\n<\/tr>\n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| Other comprehensive loss<\/b><\/td>\n | | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | <\/tr>\n \n| Unrealized loss on available-for-sale debt securities, net<\/td>\n | | \n | \n\n \n(13,539<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n | \n\n \n\u2014<\/p>\n<\/td>\n | | \n | \n\n \n(412<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n | \n\n \n\u2014<\/p>\n<\/td>\n<\/tr>\n | \n| Tax benefit on unrealized loss on available-for-sale debt securities, net<\/td>\n | | \n | \n\n \n2,906<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n\u2014<\/p>\n<\/td>\n | | \n | \n\n \n90<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n\u2014<\/p>\n<\/td>\n<\/tr>\n | \n| Unrealized loss on cash flow hedges, net<\/td>\n | | \n | \n\n \n(15,976<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n | \n\n \n\u2014<\/p>\n<\/td>\n | | \n | \n\n \n(15,473<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n | \n\n \n\u2014<\/p>\n<\/td>\n<\/tr>\n | \n| Tax benefit on unrealized loss on cash flow hedges, net<\/td>\n | | \n | \n\n \n3,519<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n\u2014<\/p>\n<\/td>\n | | \n | \n\n \n3,428<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n\u2014<\/p>\n<\/td>\n<\/tr>\n | \n| Foreign currency translation adjustments<\/td>\n | | \n | \n\n \n(66<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n | \n\n \n\u2014<\/p>\n<\/td>\n | | \n | \n\n \n(66<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n | \n\n \n\u2014<\/p>\n<\/td>\n<\/tr>\n | \n| Other comprehensive loss<\/b><\/td>\n | | \n | \n\n \n(23,156<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n | \n\n \n\u2014<\/p>\n<\/td>\n | | \n | \n\n \n(12,433<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n | \n\n \n\u2014<\/p>\n<\/td>\n<\/tr>\n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| Comprehensive income (loss)<\/b><\/td>\n | | \n$<\/td>\n | \n \n(4,966<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n$<\/td>\n | \n \n27,021<\/p>\n<\/td>\n | | \n$<\/td>\n | \n \n108,730<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n$<\/td>\n | \n \n93,333<\/p>\n<\/td>\n<\/tr>\n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| Per Share Data<\/b><\/td>\n | | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | <\/tr>\n \n| Net income per share attributable to common stockholders \u2014 Basic earnings per share<\/td>\n | | \n$<\/td>\n | \n \n0.05<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n$<\/td>\n | \n \n0.08<\/p>\n<\/td>\n | | \n$<\/td>\n | \n \n0.34<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n$<\/td>\n | \n \n0.26<\/p>\n<\/td>\n<\/tr>\n | \n| \u2014 Diluted earnings per share<\/td>\n | | \n$<\/td>\n | \n \n0.05<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n$<\/td>\n | \n \n0.07<\/p>\n<\/td>\n | | \n$<\/td>\n | \n \n0.31<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n$<\/td>\n | \n \n0.24<\/p>\n<\/td>\n<\/tr>\n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| Weighted average common shares outstanding \u2014 Basic<\/td>\n | | \n | \n\n \n360,292,619<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n354,697,812<\/p>\n<\/td>\n | | \n | \n\n \n358,345,945<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n361,678,893<\/p>\n<\/td>\n<\/tr>\n | \n| Weighted average common shares outstanding \u2014 Diluted<\/td>\n | | \n | \n\n \n385,074,151<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n379,881,231<\/p>\n<\/td>\n | | \n | \n\n \n386,237,179<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n392,665,718<\/p>\n<\/td>\n<\/tr>\n<\/table>\n Disaggregation of revenue<\/span><\/p>\n\nThe following table presents revenue recognized from contracts with customers as well as revenue from other sources:<\/p>\n \n\n | \n | \n(Unaudited)
Three months ended
December 31,<\/b><\/td>\n | | \nYear ended
December 31,<\/b><\/td>\n<\/tr>\n\n | \n | \n\n 2024<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n 2023<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n 2024<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n 2023<\/b><\/p>\n<\/td>\n<\/tr>\n\n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| Revenue recognized at a point in time<\/td>\n | | \n$<\/td>\n | \n \n197,456<\/p>\n<\/td>\n | | \n$<\/td>\n | \n \n156,114<\/p>\n<\/td>\n | | \n$<\/td>\n | \n \n707,644<\/p>\n<\/td>\n | | \n$<\/td>\n | \n \n573,902<\/p>\n<\/td>\n<\/tr>\n | \n| Revenue recognized over time<\/td>\n | | \n | \n\n \n777<\/p>\n<\/td>\n | | \n | \n\n \n660<\/p>\n<\/td>\n | | \n | \n\n \n2,650<\/p>\n<\/td>\n | | \n | \n\n \n16,925<\/p>\n<\/td>\n<\/tr>\n | \n| Revenue from contracts with customers<\/td>\n | | \n$<\/td>\n | \n \n198,233<\/p>\n<\/td>\n | | \n$<\/td>\n | \n \n156,774<\/p>\n<\/td>\n | | \n$<\/td>\n | \n \n710,294<\/p>\n<\/td>\n | | \n$<\/td>\n | \n \n590,827<\/p>\n<\/td>\n<\/tr>\n | \n| Interest income on customer balances<\/td>\n | | \n$<\/td>\n | \n \n60,595<\/p>\n<\/td>\n | | \n$<\/td>\n | \n \n64,867<\/p>\n<\/td>\n | | \n$<\/td>\n | \n \n256,846<\/p>\n<\/td>\n | | \n$<\/td>\n | \n \n230,634<\/p>\n<\/td>\n<\/tr>\n | \n| Capital advance income<\/td>\n | | \n | \n\n \n2,911<\/p>\n<\/td>\n | | \n | \n\n \n2,679<\/p>\n<\/td>\n | | \n | \n\n \n10,576<\/p>\n<\/td>\n | | \n | \n\n \n9,642<\/p>\n<\/td>\n<\/tr>\n | \n| Revenue from other sources<\/td>\n | | \n$<\/td>\n | \n \n63,506<\/p>\n<\/td>\n | | \n$<\/td>\n | \n \n67,546<\/p>\n<\/td>\n | | \n$<\/td>\n | \n \n267,422<\/p>\n<\/td>\n | | \n$<\/td>\n | \n \n240,276<\/p>\n<\/td>\n<\/tr>\n | \n| Total revenues<\/td>\n | | \n$<\/td>\n | \n \n261,739<\/p>\n<\/td>\n | | \n$<\/td>\n | \n \n224,320<\/p>\n<\/td>\n | | \n$<\/td>\n | \n \n977,716<\/p>\n<\/td>\n | | \n$<\/td>\n | \n \n831,103<\/p>\n<\/td>\n<\/tr>\n<\/table>\n \nThe following table presents the Company\u2019s revenue disaggregated by primary regional market, with revenues being attributed to the country (in the region) in which the billing address of the transacting customer is located, with the exception of global bank transfer revenues, where revenues are disaggregated based on the billing address of the transaction funds source.<\/p>\n \nNote that the Company has updated the definition of its primary regional markets to align with the view used by Management. This update eliminates South Asia, Middle East and North Africa as a separate region and instead includes revenues from South Asia in the Asia-Pacific region and Middle East and North Africa in the Europe, Middle East, and Africa region. The update has been applied to all periods reflected in the table below.<\/p>\n \n\n | \n | \n(Unaudited)
Three months ended
December 31,<\/b><\/td>\n | | \nYear ended
December 31,<\/b><\/td>\n<\/tr>\n\n | \n | \n\n 2024<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n 2023<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n 2024<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n 2023<\/b><\/p>\n<\/td>\n<\/tr>\n\n| Primary regional markets<\/td>\n | | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | <\/tr>\n \nGreater China(1)<\/sup><\/td>\n | \n$<\/td>\n | \n \n89,938<\/p>\n<\/td>\n | | \n$<\/td>\n | \n \n80,244<\/p>\n<\/td>\n | | \n$<\/td>\n | \n \n340,846<\/p>\n<\/td>\n | | \n$<\/td>\n | \n \n287,944<\/p>\n<\/td>\n<\/tr>\n | \n| Europe, Middle East, and Africa(2)<\/td>\n | | \n | \n\n \n65,312<\/p>\n<\/td>\n | | \n | \n\n \n59,878<\/p>\n<\/td>\n | | \n | \n\n \n253,096<\/p>\n<\/td>\n | | \n | \n\n \n225,703<\/p>\n<\/td>\n<\/tr>\n | \nAsia-Pacific(2)<\/sup><\/td>\n | \n | \n\n \n52,628<\/p>\n<\/td>\n | | \n | \n\n \n40,116<\/p>\n<\/td>\n | | \n | \n\n \n186,582<\/p>\n<\/td>\n | | \n | \n\n \n142,737<\/p>\n<\/td>\n<\/tr>\n | \nNorth America(3)<\/sup><\/td>\n | \n | \n\n \n25,898<\/p>\n<\/td>\n | | \n | \n\n \n23,499<\/p>\n<\/td>\n | | \n | \n\n \n96,868<\/p>\n<\/td>\n | | \n | \n\n \n97,434<\/p>\n<\/td>\n<\/tr>\n | \nLatin America(2)<\/sup><\/td>\n | \n | \n\n \n27,963<\/p>\n<\/td>\n | | \n | \n\n \n20,583<\/p>\n<\/td>\n | | \n | \n\n \n100,324<\/p>\n<\/td>\n | | \n | \n\n \n77,285<\/p>\n<\/td>\n<\/tr>\n | \n| Total revenues<\/td>\n | | \n$<\/td>\n | \n \n261,739<\/p>\n<\/td>\n | | \n$<\/td>\n | \n \n224,320<\/p>\n<\/td>\n | | \n$<\/td>\n | \n \n977,716<\/p>\n<\/td>\n | | \n$<\/td>\n | \n \n831,103<\/p>\n<\/td>\n<\/tr>\n<\/table>\n \n- \nGreater China is inclusive of mainland China, Hong Kong, Macao and Taiwan.<\/p>\n<\/li>\n
- \nNo single country included in any of these regions generated more than 10% of total revenue.<\/p>\n<\/li>\n
- \nThe United States is the Company\u2019s country of domicile. Of North America revenues, the U.S. represents $28,194 and $22,452 during the three months ended December 31, 2024 and 2023, and $95,794 and $93,371 during the years ended December 31, 2024 and 2023, respectively.<\/p>\n<\/li>\n<\/ol>\n
\n\nTABLE – 2<\/b><\/td>\n<\/tr>\n\nPAYONEER GLOBAL INC.<\/b><\/td>\n<\/tr>\n\nRECONCILIATION OF NET INCOME TO ADJUSTED EBITDA (UNAUDITED)<\/b><\/td>\n<\/tr>\n\n| (U.S. dollars in thousands)<\/td>\n<\/tr>\n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n | \n | \nThree months ended<\/b><\/td>\n | | \nYear ended<\/b><\/td>\n | | \n | \n | <\/tr>\n \n | \n | \nDecember 31,<\/b><\/td>\n | | \nDecember 31,<\/b><\/td>\n | | \n | \n | <\/tr>\n \n | \n | \n\n 2024<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n 2023<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n 2024<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n 2023<\/b><\/p>\n<\/td>\n | | \n | \n | <\/tr>\n \n| Net income<\/b><\/td>\n | | \n$<\/td>\n | \n \n18,190<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n$<\/td>\n | \n \n27,021<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n$<\/td>\n | \n \n121,163<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n$<\/td>\n | \n \n93,333<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n | <\/tr>\n \n| Depreciation and amortization<\/td>\n | | \n | \n\n \n13,666<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n8,750<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n47,296<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n27,814<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n | <\/tr>\n \n| Income taxes<\/td>\n | | \n | \n\n \n8,016<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n14,272<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n18,308<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n39,203<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n | <\/tr>\n \n| Other financial (income) expense, net<\/td>\n | | \n | \n\n \n2,978<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n(3,763<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n | \n\n \n(2,419<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n | \n\n \n(11,568<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n | \n | <\/tr>\n \n| EBITDA<\/b><\/td>\n | | \n | \n\n 42,850<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n 46,280<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n 184,348<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n 148,782<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n | <\/tr>\n \nStock based compensation expenses(1)<\/sup><\/td>\n | \n | \n\n \n18,614<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n17,338<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n64,787<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n65,767<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n | <\/tr>\n\nM&A related expense(2)<\/sup><\/td>\n | \n | \n\n \n1,807<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n451<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n9,439<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n3,468<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n | <\/tr>\n\nGain from change in fair value of Warrants(3)<\/sup><\/td>\n | \n | \n\n \n\u2014<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n(11,824<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n | \n\n \n(2,767<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n | \n\n \n(17,359<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n | \n | <\/tr>\n\nLoss on Warrant repurchase\/redemption(4)<\/sup><\/td>\n | \n | \n\n \n\u2014<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n\u2014<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n14,746<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n\u2014<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n | <\/tr>\n\nRestructuring charges(5)<\/sup><\/td>\n | \n | \n\n \n\u2014<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n\u2014<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n\u2014<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n4,488<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n | <\/tr>\n\n| Adjusted EBITDA<\/b><\/td>\n | | \n$<\/b><\/td>\n | \n 63,271<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n$<\/b><\/td>\n | \n 52,245<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n$<\/b><\/td>\n | \n 270,553<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n$<\/b><\/td>\n | \n 205,146<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n | <\/tr>\n \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n | \n | \nThree months ended,<\/b><\/td>\n<\/tr>\n\n | \n | \nDec. 31, 2023<\/b><\/td>\n | | \nMar. 31, 2024<\/b><\/td>\n | | \nJune 30, 2024<\/b><\/td>\n | | \nSept. 30, 2024<\/b><\/td>\n | | \nDec. 31, 2024<\/b><\/td>\n<\/tr>\n\n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| Net income<\/td>\n | | \n$<\/td>\n | \n \n27,021<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n$<\/td>\n | \n \n28,974<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n$<\/td>\n | \n \n32,425<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n$<\/td>\n | \n \n41,574<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n$<\/td>\n | \n \n18,190<\/p>\n<\/td>\n<\/tr>\n | \n| Depreciation and amortization<\/td>\n | | \n | \n\n \n8,750<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n9,408<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n10,712<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n13,510<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n13,666<\/p>\n<\/td>\n<\/tr>\n | \n| Income tax expense (benefit)<\/td>\n | | \n | \n\n \n14,272<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n13,910<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n15,866<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n(19,484<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n | \n\n \n8,016<\/p>\n<\/td>\n<\/tr>\n | \n| Other financial (income) expense, net<\/td>\n | | \n | \n\n \n(3,763<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n | \n\n \n(2,747<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n | \n\n \n(976<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n | \n\n \n(1,674<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n | \n\n \n2,978<\/p>\n<\/td>\n<\/tr>\n | \n| EBITDA<\/b><\/td>\n | | \n | \n\n 46,280<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n 49,545<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n 58,027<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n 33,926<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n 42,850<\/b><\/p>\n<\/td>\n<\/tr>\n\nStock based compensation expenses(1)<\/sup><\/td>\n | \n | \n\n \n17,338<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n15,077<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n13,666<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n17,430<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n18,614<\/p>\n<\/td>\n<\/tr>\n | \nM&A related expense (2)<\/sup><\/td>\n | \n | \n\n \n451<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n2,375<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n2,091<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n3,166<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n1,807<\/p>\n<\/td>\n<\/tr>\n | \nGain from change in fair value of Warrants(3)<\/sup><\/td>\n | \n | \n\n \n(11,824<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n | \n\n \n(1,761<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n | \n\n \n(1,006<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n | \n\n \n\u2014<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n\u2014<\/p>\n<\/td>\n<\/tr>\n | \nLoss on Warrant repurchase\/redemption(4)<\/sup><\/td>\n | \n | \n\n \n\u2014<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n\u2014<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n\u2014<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n14,746<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n\u2014<\/p>\n<\/td>\n<\/tr>\n | \n| Adjusted EBITDA<\/b><\/td>\n | | \n$<\/b><\/td>\n | \n 52,245<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n$<\/b><\/td>\n | \n 65,236<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n$<\/b><\/td>\n | \n 72,778<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n$<\/b><\/td>\n | \n 69,268<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n$<\/b><\/td>\n | \n 63,271<\/b><\/p>\n<\/td>\n<\/tr>\n<\/table>\n\n- \nRepresents non-cash charges associated with stock-based compensation expense, which has been, and will continue to be for the foreseeable future, a significant recurring expense in our business and an important part of our compensation strategy.<\/p>\n<\/li>\n
- \nAmounts relate to M&A-related third-party fees, including related legal, consulting and other expenditures. Additionally, amounts for 2024 include $1.8 million in non-recurring fair value adjustment of the Skuad contingent consideration liability.<\/p>\n<\/li>\n
- \nChanges in the estimated fair value of the warrants are recognized as gain or loss on the consolidated statements of comprehensive income. The impact is removed from EBITDA as it represents market conditions that are not in our control.<\/p>\n<\/li>\n
- \nAmounts relate to a non-recurring loss on the repurchase and redemption of outstanding public warrants.<\/p>\n<\/li>\n
- \nThe Company initiated a plan to reduce its workforce during the year ended December 31, 2023 and had non-recurring costs related to severance and other employee termination benefits.<\/p>\n<\/li>\n<\/ol>\n
\n\nTABLE – 3<\/b><\/td>\n<\/tr>\n\nPAYONEER GLOBAL INC.<\/b><\/td>\n<\/tr>\n\nEARNINGS PER SHARE<\/b><\/td>\n<\/tr>\n\n| (U.S. dollars in thousands, except share and per share data)<\/td>\n<\/tr>\n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n | \n | \n(Unaudited)<\/b><\/td>\n | | \n | <\/tr>\n \n | \n | \nThree months ended December 31,<\/b><\/td>\n | | \nYear ended December 31,<\/b><\/td>\n<\/tr>\n\n | \n | \n\n 2024<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n 2023<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n 2024<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n 2023<\/b><\/p>\n<\/td>\n<\/tr>\n\n| Numerator:<\/td>\n | | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | <\/tr>\n \n| Net income<\/td>\n | | \n$<\/td>\n | \n \n18,190<\/p>\n<\/td>\n | | \n$<\/td>\n | \n \n27,021<\/p>\n<\/td>\n | | \n$<\/td>\n | \n \n121,163<\/p>\n<\/td>\n | | \n$<\/td>\n | \n \n93,333<\/p>\n<\/td>\n<\/tr>\n | \n| Denominator:<\/td>\n | | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | <\/tr>\n \n| Weighted average common shares outstanding \u2014<\/td>\n | | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | <\/tr>\n \n| Basic<\/td>\n | | \n | \n\n \n360,292,619<\/p>\n<\/td>\n | | \n | \n\n \n354,697,812<\/p>\n<\/td>\n | | \n | \n\n \n358,345,945<\/p>\n<\/td>\n | | \n | \n\n \n361,678,893<\/p>\n<\/td>\n<\/tr>\n | \n| Add:<\/td>\n | | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | <\/tr>\n \n| Dilutive impact of RSUs, ESPP and options to purchase common stock<\/td>\n | | \n | \n\n \n23,903,275<\/p>\n<\/td>\n | | \n | \n\n \n24,453,273<\/p>\n<\/td>\n | | \n | \n\n \n27,104,075<\/p>\n<\/td>\n | | \n | \n\n \n30,256,559<\/p>\n<\/td>\n<\/tr>\n | \n| Dilutive impact of private Warrants<\/td>\n | | \n | \n\n \n878,257<\/p>\n<\/td>\n | | \n | \n\n \n730,146<\/p>\n<\/td>\n | | \n | \n\n \n787,159<\/p>\n<\/td>\n | | \n | \n\n \n730,266<\/p>\n<\/td>\n<\/tr>\n | \n| Weighted average common shares \u2014 diluted<\/td>\n | | \n | \n\n \n385,074,151<\/p>\n<\/td>\n | | \n | \n\n \n379,881,231<\/p>\n<\/td>\n | | \n | \n\n \n386,237,179<\/p>\n<\/td>\n | | \n | \n\n \n392,665,718<\/p>\n<\/td>\n<\/tr>\n | \n| Net income per share attributable to common stockholders \u2014 Basic earnings per share<\/td>\n | | \n$<\/td>\n | \n \n0.05<\/p>\n<\/td>\n | | \n$<\/td>\n | \n \n0.08<\/p>\n<\/td>\n | | \n$<\/td>\n | \n \n0.34<\/p>\n<\/td>\n | | \n$<\/td>\n | \n \n0.26<\/p>\n<\/td>\n<\/tr>\n | \n| Diluted earnings per share<\/td>\n | | \n$<\/td>\n | \n \n0.05<\/p>\n<\/td>\n | | \n$<\/td>\n | \n \n0.07<\/p>\n<\/td>\n | | \n$<\/td>\n | \n \n0.31<\/p>\n<\/td>\n | | \n$<\/td>\n | \n \n0.24<\/p>\n<\/td>\n<\/tr>\n<\/table>\n \n\nTABLE – 4<\/b><\/td>\n<\/tr>\n\nPAYONEER GLOBAL INC.<\/b><\/td>\n<\/tr>\n\nCONSOLIDATED BALANCE SHEETS<\/b><\/td>\n<\/tr>\n\n| (U.S. dollars in thousands, except share and per share data)<\/td>\n<\/tr>\n | \n | \n | \n | \n | \n | \n | \n | <\/tr>\n \n | \n | \n | \n | \n | \n | \n | <\/tr>\n \n | \n | \nDecember 31,<\/b><\/td>\n<\/tr>\n\n | \n | \n\n 2024<\/b><\/p>\n<\/td>\n | | \n\n 2023<\/b><\/p>\n<\/td>\n<\/tr>\n\n| Assets:<\/b><\/td>\n | | \n | \n | \n | \n | \n | <\/tr>\n \n| Current assets:<\/b><\/td>\n | | \n | \n | \n | \n | \n | <\/tr>\n \n| Cash and cash equivalents<\/td>\n | | \n$<\/td>\n | \n \n497,467<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n$<\/td>\n | \n \n617,022<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| Restricted cash<\/td>\n | | \n | \n\n \n6,633<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n7,030<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| Customer funds<\/td>\n | | \n | \n\n \n6,439,153<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n6,390,526<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| Accounts receivable (net of allowance of $382 in 2024 and $385 in 2023)<\/td>\n | | \n | \n\n \n11,937<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n7,980<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| Capital advance receivables (net of allowance of $4,955 in 2024 and $5,059 in 2023)<\/td>\n | | \n | \n\n \n56,242<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n45,493<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| Other current assets<\/td>\n | | \n | \n\n \n88,210<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n40,672<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| Total current assets<\/b><\/td>\n | | \n | \n\n \n7,099,642<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n7,108,723<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| Non-current assets:<\/b><\/td>\n | | \n | \n | \n | \n | \n | <\/tr>\n \n| Property, equipment and software, net<\/td>\n | | \n | \n\n \n16,053<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n15,499<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| Goodwill<\/td>\n | | \n | \n\n \n77,785<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n19,889<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| Intangible assets, net<\/td>\n | | \n | \n\n \n102,390<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n76,266<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| Customer funds<\/td>\n | | \n | \n\n \n525,000<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n\u2014<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| Restricted cash<\/td>\n | | \n | \n\n \n17,653<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n5,780<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| Deferred taxes<\/td>\n | | \n | \n\n \n41,523<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n15,291<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| Severance pay fund<\/td>\n | | \n | \n\n \n757<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n840<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| Operating lease right-of-use assets<\/td>\n | | \n | \n\n \n19,403<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n24,854<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| Other assets<\/td>\n | | \n | \n\n \n30,174<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n15,977<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| Total assets<\/b><\/td>\n | | \n$<\/td>\n | \n \n7,930,380<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n$<\/td>\n | \n \n7,283,119<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n | \n | \n | \n | \n | \n | \n | <\/tr>\n \n| Liabilities and shareholders\u2019 equity:<\/b><\/td>\n | | \n | \n | \n | \n | \n | <\/tr>\n \n| Current liabilities:<\/b><\/td>\n | | \n | \n | \n | \n | \n | <\/tr>\n \n| Trade payables<\/td>\n | | \n$<\/td>\n | \n \n37,302<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n$<\/td>\n | \n \n33,941<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| Outstanding operating balances<\/td>\n | | \n | \n\n \n6,964,153<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n6,390,526<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| Other payables<\/td>\n | | \n | \n\n \n129,621<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n117,508<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| Total current liabilities<\/b><\/td>\n | | \n | \n\n \n7,131,076<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n6,541,975<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| Non-current liabilities:<\/b><\/td>\n | | \n | \n | \n | \n | \n | <\/tr>\n \n| Long-term debt from related party<\/td>\n | | \n | \n\n \n\u2014<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n18,411<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| Warrant liability<\/td>\n | | \n | \n\n \n\u2014<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n8,555<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| Deferred taxes<\/td>\n | | \n | \n\n \n1,471<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n\u2014<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| Other long-term liabilities<\/td>\n | | \n | \n\n \n73,043<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n49,905<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| Total liabilities<\/b><\/td>\n | | \n | \n\n \n7,205,590<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n6,618,846<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| Commitments and contingencies<\/b><\/td>\n | | \n | \n | \n | \n | \n | <\/tr>\n \n | \n | \n | \n | \n | \n | \n | <\/tr>\n \n| Shareholders\u2019 equity:<\/b><\/td>\n | | \n | \n | \n | \n | \n | <\/tr>\n \n| 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.<\/td>\n | | \n | \n\n \n\u2014<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n\u2014<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| Common stock, $0.01 par value, 3,800,000,000 and 3,800,000,000 shares authorized; 395,965,588 and 368,655,185 shares issued and 360,093,249 and 357,590,493 shares outstanding at December 31, 2024 and December 31, 2023, respectively.<\/td>\n | | \n | \n\n \n3,960<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n3,687<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| Treasury stock at cost, 35,872,339 and 11,064,692 shares at December 31, 2024 and December 31, 2023, respectively.<\/td>\n | | \n | \n\n \n(193,724<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n | \n\n \n(56,936<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n<\/tr>\n | \n| Additional paid-in capital<\/td>\n | | \n | \n\n \n821,196<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n732,894<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| Accumulated other comprehensive loss<\/td>\n | | \n | \n\n \n(12,609<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n | \n\n \n(176<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n<\/tr>\n | \n| Retained earnings (accumulated deficit)<\/td>\n | | \n | \n\n \n105,967<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n(15,196<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n<\/tr>\n | \n| Total shareholders\u2019 equity<\/b><\/td>\n | | \n | \n\n \n724,790<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n664,273<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| Total liabilities and shareholders\u2019 equity<\/b><\/td>\n | | \n$<\/td>\n | \n \n7,930,380<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n$<\/td>\n | \n \n7,283,119<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n<\/table>\n \n\nTABLE – 5<\/b><\/td>\n<\/tr>\n\nPAYONEER GLOBAL INC.<\/b><\/td>\n<\/tr>\n\nCONSOLIDATED STATEMENTS OF CASH FLOWS<\/b><\/td>\n<\/tr>\n\n| (U.S. dollars in thousands)<\/td>\n<\/tr>\n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n | \n | \nYear ended December 31,<\/b><\/td>\n<\/tr>\n\n | \n | \n\n 2024<\/b><\/p>\n<\/td>\n | | \n\n 2023<\/b><\/p>\n<\/td>\n<\/tr>\n\n| Cash Flows from Operating Activities<\/b><\/td>\n | | \n | \n | \n | \n | \n | <\/tr>\n \n| Net income<\/td>\n | | \n$<\/td>\n | \n \n121,163<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n$<\/td>\n | \n \n93,333<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| Adjustment to reconcile net income to net cash provided by operating activities:<\/b><\/td>\n | | \n | \n | \n | \n | \n | <\/tr>\n \n| Depreciation and amortization<\/td>\n | | \n | \n\n \n47,296<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n27,814<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| Deferred taxes<\/td>\n | | \n | \n\n \n(22,616<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n | \n\n \n(11,122<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n<\/tr>\n | \n| Stock-based compensation expenses<\/td>\n | | \n | \n\n \n64,787<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n65,767<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| Gain from change in fair value of Warrants<\/td>\n | | \n | \n\n \n(2,767<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n | \n\n \n(17,359<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n<\/tr>\n | \n| Loss on Warrant repurchase\/redemption<\/td>\n | | \n | \n\n \n14,746<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n\u2014<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| Interest and amortization of discount on investments<\/td>\n | | \n | \n\n \n(8,577<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n | \n\n \n\u2014<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| Foreign currency re-measurement (gain) loss<\/td>\n | | \n | \n\n \n3,522<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n(4,359<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n<\/tr>\n | \n| Changes in operating assets and liabilities, net of the effects of business combinations:<\/b><\/td>\n | | \n | \n | \n | \n | \n | <\/tr>\n \n| Other current assets<\/td>\n | | \n | \n\n \n(44,821<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n | \n\n \n(4,310<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n<\/tr>\n | \n| Trade payables<\/td>\n | | \n | \n\n \n1,127<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n(8,326<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n<\/tr>\n | \n| Deferred revenue<\/td>\n | | \n | \n\n \n2,039<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n1,348<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| Accounts receivable, net<\/td>\n | | \n | \n\n \n337<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n4,898<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| Capital advance extended to customers<\/td>\n | | \n | \n\n \n(329,512<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n | \n\n \n(299,139<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n<\/tr>\n | \n| Capital advance collected from customers<\/td>\n | | \n | \n\n \n318,763<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n290,801<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| Other payables<\/td>\n | | \n | \n\n \n3,967<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n13,619<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| Other long-term liabilities<\/td>\n | | \n | \n\n \n6,358<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n232<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| Operating lease right-of-use assets<\/td>\n | | \n | \n\n \n14,068<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n10,248<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| Other assets<\/td>\n | | \n | \n\n \n(12,955<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n | \n\n \n(3,956<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n<\/tr>\n | \n| Net cash provided by operating activities<\/b><\/td>\n | | \n$<\/td>\n | \n \n176,925<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n$<\/td>\n | \n \n159,489<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| Cash Flows from Investing Activities<\/b><\/td>\n | | \n | \n | \n | \n | \n | <\/tr>\n \n| Purchase of property, equipment and software<\/td>\n | | \n | \n\n \n(8,189<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n | \n\n \n(8,459<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n<\/tr>\n | \n| Capitalization of internal use software<\/td>\n | | \n | \n\n \n(52,203<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n | \n\n \n(39,333<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n<\/tr>\n | \n| Related party asset acquisition<\/td>\n | | \n | \n\n \n\u2014<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n(3,600<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n<\/tr>\n | \n| Severance pay fund distributions, net<\/td>\n | | \n | \n\n \n83<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n255<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| Customer funds in transit, net<\/td>\n | | \n | \n\n \n(50,768<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n | \n\n \n930<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| Investments in interest rate derivatives<\/td>\n | | \n | \n\n \n(35,200<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n | \n\n \n\u2014<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| Purchases of investments in available-for-sale debt securities<\/td>\n | | \n | \n\n \n(1,443,772<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n | \n\n \n\u2014<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| Maturities of investments in available-for-sale debt securities<\/td>\n | | \n | \n\n \n277,000<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n\u2014<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| Purchases of investments in term deposits<\/td>\n | | \n | \n\n \n(600,000<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n | \n\n \n\u2014<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| Cash paid in connection with acquisition, net of cash and customer funds acquired<\/td>\n | | \n | \n\n \n(48,218<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n | \n\n \n\u2014<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| Net cash inflow from acquisition of remaining interest in joint venture<\/td>\n | | \n | \n\n \n\u2014<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n5,953<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| Net cash used in investing activities<\/b><\/td>\n | | \n$<\/td>\n | \n \n(1,961,267<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n$<\/td>\n | \n \n(44,254<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n<\/tr>\n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| Cash Flows from Financing Activities<\/b><\/td>\n | | \n | \n | \n | \n | \n | <\/tr>\n \n| 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<\/td>\n | | \n | \n\n \n21,119<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n13,203<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| Outstanding operating balances, net<\/td>\n | | \n | \n\n \n563,622<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n551,914<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| Borrowings under related party facility<\/td>\n | | \n | \n\n \n15,120<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n26,855<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| Repayments under related party facility<\/td>\n | | \n | \n\n \n(33,531<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n | \n\n \n(24,582<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n<\/tr>\n | \n| Receipts of collateral on interest rate derivatives<\/td>\n | | \n | \n\n \n37,890<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n\u2014<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| Payments of collateral on interest rate derivatives<\/td>\n | | \n | \n\n \n(19,100<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n | \n\n \n\u2014<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| Warrant repurchase\/redemption<\/td>\n | | \n | \n\n \n(19,834<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n | \n\n \n\u2014<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| Common stock repurchased<\/td>\n | | \n | \n\n \n(137,513<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n | \n\n \n(55,436<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n<\/tr>\n | \n| Net cash provided by financing activities<\/b><\/td>\n | | \n$<\/td>\n | \n \n427,773<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n$<\/td>\n | \n \n511,954<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| Effect of exchange rate changes on cash and cash equivalents<\/b><\/td>\n | | \n$<\/td>\n | \n \n(3,588<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n$<\/td>\n | \n \n4,458<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| Net change in cash, cash equivalents, restricted cash and customer funds<\/b><\/td>\n | | \n | \n\n \n(1,360,157<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n | \n\n \n631,647<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| Cash, cash equivalents, restricted cash and customer funds at beginning of year<\/b><\/td>\n | | \n | \n\n \n7,018,367<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n\n \n6,386,720<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| Cash, cash equivalents, restricted cash and customer funds at end of year<\/b><\/td>\n | | \n$<\/td>\n | \n \n5,658,210<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n$<\/td>\n | \n \n7,018,367<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| Supplemental disclosure of cash flow information:<\/b><\/td>\n | | \n | \n | \n | \n | \n | <\/tr>\n \n| Cash paid for taxes, net of refunds<\/td>\n | | \n$<\/td>\n | \n \n52,320<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n$<\/td>\n | \n \n40,910<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| Cash interest paid<\/td>\n | | \n$<\/td>\n | \n \n1,399<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n$<\/td>\n | \n \n1,767<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| Supplemental information of investing and financing activities not involving cash flows:<\/b><\/td>\n | | \n | \n | \n | \n | \n | <\/tr>\n \n| Property, equipment, and software acquired but not paid<\/td>\n | | \n$<\/td>\n | \n \n1,530<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n$<\/td>\n | \n \n810<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| Internal use software capitalized but not paid<\/td>\n | | \n$<\/td>\n | \n \n7,108<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n$<\/td>\n | \n \n10,159<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| Right-of-use assets obtained in exchange for new operating lease liabilities<\/td>\n | | \n$<\/td>\n | \n \n8,617<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n$<\/td>\n | \n \n19,842<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| Common stock repurchased but not paid<\/td>\n | | \n$<\/td>\n | \n \n775<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n$<\/td>\n | \n \n1,500<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n<\/table>\n \n\u00a0<\/p>\n ![\"\"](\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20250227134799r1&sid=flmnd&distro=nx&lang=en\") <\/p>\n
View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20250227134799\/en\/<\/a><\/span><\/p>\nInvestor Contact:
\n<\/b>
Caius Slater
\n
investor@payoneer.com
\n<\/a><\/p>\nMedia Contact:
\n<\/b>
Alison Dahlman
\n
PR@payoneer.com<\/a><\/p>\n | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |