Payoneer Global Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	73.19	121.16	93.33	-11.97	-33.99
Depreciation & Amortization	65.63	47.3	27.81	20.86	18
Stock-Based Compensation	73.1	64.79	65.77	52.15	37.01
Other Adjustments	-41.04	-15.69	-28.48	-30.48	-6.84
Change in Receivables	1.53	0.34	4.9	0.96	3.93
Changes in Accounts Payable	7.87	1.13	-8.33	24.28	0.47
Changes in Unearned Revenue	1.06	2.04	1.35	0.22	-0.43
Changes in Other Operating Activities	31.9	-32.69	11.94	29.41	2.04
Operating Cash Flow	233.49	176.93	159.49	83.96	20.02
Operating Cash Flow Growth	31.97%	10.93%	89.96%	319.49%	110.11%
Capital Expenditures	-26.87	-8.19	-8.46	-10.5	-6.89
Purchases of Intangible Assets	-60.86	-52.2	-39.33	-18.33	-14.01
Purchases of Investments	-462.25	-2,079	-	-	-
Proceeds from Sale of Investments	403.5	277	-	-	-
Proceeds from Business Divestments	-33.08	-48.22	-	-	-
Other Investing Activities	-38.78	-50.69	3.54	34.57	31.06
Investing Cash Flow	-218.35	-1,961	-44.25	5.73	10.16
Short-Term Debt Issued	-	15.12	26.86	29.36	17.43
Short-Term Debt Repaid	-	-33.53	-24.58	-26.76	-43.79
Net Short-Term Debt Issued (Repaid)	-	-18.41	2.27	2.61	-26.36
Issuance of Common Stock	0.71	21.12	13.2	21.35	407.83
Repurchase of Common Stock	-173.6	-137.51	-55.44	-	-
Net Common Stock Issued (Repurchased)	-172.89	-116.39	-42.23	21.35	407.83
Repurchase of Preferred Stock	-	-	-	-	-39.8
Net Preferred Stock Issued (Repurchased)	-	-	-	-	-39.8
Other Financing Activities	910.93	562.58	551.91	1,437	1,055
Financing Cash Flow	738.04	427.77	511.95	1,461	1,396
Effect of Exchange Rate Changes on Cash and Cash Equivalents	5.31	-3.59	4.46	-2.72	-1.22
Net Cash Flow	758.5	-1,360	631.65	1,548	1,425
Free Cash Flow	206.62	168.74	151.03	73.46	13.12
Free Cash Flow Growth	22.45%	11.72%	105.61%	459.71%	189.46%
FCF Margin	19.63%	17.26%	18.17%	11.70%	2.77%
Free Cash Flow Per Share	0.55	0.44	0.38	0.21	0.06
Levered Free Cash Flow	152.77	112.34	119.92	54.91	-47.17
Unlevered Free Cash Flow	158.52	139.05	97.28	74.3	-3.25

Updated Feb 26, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

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