PAYO (Payoneer Global Inc.) Stock Financials & Earnings | Market Cap Arena

PAYO (Payoneer Global Inc.) Stock Financials & Earnings | Market Cap Arena

PAYOPayoneer Global Inc.

Mkt Cap$2B

Technology·Software - Infrastructure·🇺🇸 United States·NASDAQ

Revenue (TTM)$1.1B

Net Income (TTM)$73M

EPS (TTM)$0.19

Free Cash Flow (TTM)$207M

Gross Margin82.4%

Op. Margin11.8%

Net Margin7.0%

FCF Margin19.6%

P/S Ratio (TTM)1.6x

P/E Ratio (TTM)22.5x

YoY Rev Growth+7.7%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$192M	$165M	$15M
Q2 23	$207M	$178M	$33M
Q3 23	$208M	$178M	$29M
Q4 23	$224M	$188M	$26M
Q1 24	$228M	$194M	$38M
Q2 24	$240M	$203M	$46M
Q3 24	$248M	$210M	$35M
Q4 24	$262M	$219M	$29M
Q1 25	$247M	$207M	$29M
Q2 25	$261M	$220M	$30M
Q3 25	$271M	$228M	$36M
Q4 25	$275M	$212M	$29M

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q1 23	2.4x	—
Q2 23	2.2x	97.5x
Q3 23	2.1x	29.3x
Q4 23	2.0x	17.6x
Q1 24	1.9x	14.4x
Q2 24	1.8x	16.3x
Q3 24	1.8x	12.7x
Q4 24	1.7x	13.6x
Q1 25	1.7x	14.6x
Q2 25	1.6x	16.5x
Q3 25	1.6x	22.7x
Q4 25	1.6x	22.5x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	$4M	-$5M
Q2 23	$56M	$50M
Q3 23	$41M	$27M
Q4 23	$58M	$40M
Q1 24	$40M	$24M
Q2 24	$41M	$27M
Q3 24	$50M	$36M
Q4 24	$46M	$30M
Q1 25	$54M	$33M
Q2 25	$71M	$68M
Q3 25	$54M	$35M
Q4 25	$55M	$70M

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$9M
Q2 23	$6M
Q3 23	$14M
Q4 23	$18M
Q1 24	$16M
Q2 24	$14M
Q3 24	$14M
Q4 24	$16M
Q1 25	$21M
Q2 25	$3M
Q3 25	$19M
Q4 25	$15M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	+40.2%	+23.5%
Q2 23	+39.5%	+15.3%
Q3 23	+30.9%	+8.9%
Q4 23	+22.2%	+3.4%
Q1 24	+18.8%	+7.2%
Q2 24	+15.9%	+11.5%
Q3 24	+19.3%	+19.4%
Q4 24	+16.7%	+17.1%
Q1 25	+8.1%	+14.5%
Q2 25	+8.8%	+19.3%
Q3 25	+9.1%	+10.0%
Q4 25	+4.9%	+5.7%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$17M	8.8%
Q2 23	$16M	7.8%
Q3 23	$15M	7.4%
Q4 23	$17M	7.7%
Q1 24	$15M	6.6%
Q2 24	$14M	5.7%
Q3 24	$17M	7.0%
Q4 24	$19M	7.1%
Q1 25	$19M	7.6%
Q2 25	$20M	7.7%
Q3 25	$18M	6.6%
Q4 25	$16M	6.0%

OpEx Breakdown

Quarter	R&D	G&A	S&M
Q1 23	$29M	$27M	$48M
Q2 23	$28M	$22M	$48M
Q3 23	$27M	$25M	$49M
Q4 23	$35M	$23M	$74M
Q1 24	$32M	$24M	$50M
Q2 24	$28M	$26M	$51M
Q3 24	$35M	$30M	$52M
Q4 24	$40M	$28M	$95M
Q1 25	$37M	$30M	$55M
Q2 25	$37M	$37M	$57M
Q3 25	$40M	$36M	$59M
Q4 25	$41M	$39M	$64M

Rule of 40

Rule of 40

Quarter	Rev Growth %	EBITDA Margin %	Rule of 40
Q1 23	40.2%	10.0%	50.2
Q2 23	39.5%	25.7%	65.2
Q3 23	30.9%	11.9%	42.8
Q4 23	22.2%	20.1%	42.3
Q1 24	18.8%	19.7%	38.6
Q2 24	15.9%	27.7%	43.5
Q3 24	19.3%	13.8%	33.1
Q4 24	16.7%	10.9%	27.5
Q1 25	8.1%	12.1%	20.2
Q2 25	8.8%	22.2%	31.0
Q3 25	9.1%	19.4%	28.5
Q4 25	4.9%	17.1%	22.1

Revenue by Geography

Quarter	Asia Pacific	Europe	Greater China	Latin America	North America	United States	China
Q1 23	$25M	$39M	$64M	$19M	$26M	$25M	—
Q2 23	$27M	$42M	$71M	$19M	$26M	$25M	—
Q3 23	$29M	$42M	$73M	$19M	$22M	$21M	—
Q4 23	$32M	$44M	$80M	$21M	$23M	$22M	—
Q1 24	$33M	$43M	$81M	$23M	$23M	$22M	—
Q2 24	$36M	$46M	$84M	$25M	$23M	$22M	—
Q3 24	$38M	$49M	—	$25M	$25M	$24M	$85M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$545M	$0	$545M
Q2 23	$581M	$0	$581M
Q3 23	$591M	$0	$591M
Q4 23	$617M	$0	$617M
Q1 24	$587M	$0	$587M
Q2 24	$576M	$0	$576M
Q3 24	$534M	$0	$534M
Q4 24	$497M	$0	$497M
Q1 25	$524M	$0	$524M
Q2 25	$497M	$0	$497M
Q3 25	$479M	$0	$479M
Q4 25	$416M	$7.5B	$8.0B

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	388M	+10.1%
Q2 23	388M	-0.2%
Q3 23	382M	-1.5%
Q4 23	380M	-0.5%
Q1 24	379M	-0.3%
Q2 24	373M	-1.4%
Q3 24	374M	+0.3%
Q4 24	386M	+3.2%
Q1 25	382M	-1.0%
Q2 25	381M	-0.4%
Q3 25	378M	-0.8%
Q4 25	363M	-4.0%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 18	—	—
FY 19	—	—
FY 20	—	—
FY 21	$473K	1K
FY 22	$269K	2K
FY 23	$384K	2K
FY 24	$406K	2K
FY 25	$414K	3K