Payoneer Global Inc. (PAYO) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | 51.83M | 54.91M | 54.18M | 70.69M | 53.72M | 45.89M | 50.13M | 41.4M | 39.51M | 58.16M | 41.41M | 56.02M | 3.9M | 39.63M | 15.45M | 26.5M | 2.37M | 9.23M | -5.91M | 33.16M |
| Operating CF Margin % | 19.81% | 19.99% | 20% | 27.12% | 21.78% | 17.53% | 20.19% | 17.29% | 17.32% | 25.93% | 19.9% | 27.1% | 2.03% | 21.59% | 9.72% | 17.88% | 1.73% | 6.63% | -4.82% | 29.9% |
| Operating CF Growth % | -3.51% | 19.67% | 8.08% | 70.72% | 35.96% | -21.11% | 21.05% | -26.09% | 912.56% | 46.75% | 167.98% | 111.37% | 64.5% | 329.54% | 361.54% | -20.09% | 114.4% | 198.72% | - | - |
| Net Income | 19.57M | 19.01M | 14.12M | 19.48M | 20.58M | 18.19M | 41.57M | 32.42M | 28.97M | 27.02M | 12.82M | 45.55M | 7.94M | -10.15M | -26.45M | 4.42M | 20.21M | -18.9M | 837K | -12.41M |
| Depreciation & Amortization | 18.92M | 19.54M | 16.14M | 15.55M | 14.39M | 13.21M | 13.51M | 10.71M | 9.41M | 8.75M | 7.12M | 5.91M | 6.04M | 5.33M | 5.9M | 5.17M | 4.46M | 4.53M | 4.43M | 4.35M |
| Stock-Based Compensation | 18.52M | 16.49M | 17.8M | 20.06M | 18.75M | 18.61M | 17.43M | 13.66M | 15.08M | 17.34M | 15.33M | 16.17M | 16.93M | 13.02M | 13.86M | 12.16M | 13.11M | 13.25M | 8.63M | 10.76M |
| Deferred Taxes | 0 | -5.64M | -3.8M | -5.68M | -2.28M | -5.54M | -13.43M | -2.24M | -1.4M | 902K | -2.19M | -11.64M | 1.81M | -89K | -246K | -457K | 1.52M | -1.04M | -519K | -710K |
| Other Non-Cash Items | -5.83M | -12.26M | 685K | -4.03M | -4.38M | -4.49M | 9.2M | -3.04M | -694K | -16.94M | 9.17M | -13.78M | -164K | -5.28M | 15.62M | -10.41M | -31.14M | 11.41M | -10.88M | -6.99M |
| Working Capital Changes | 658K | 17.77M | 9.23M | 25.3M | 6.65M | 5.91M | -18.16M | -10.12M | -11.86M | 21.09M | -836K | 13.8M | -28.64M | 36.8M | 6.77M | 15.62M | -5.79M | -25K | -8.41M | 38.17M |
| Change in Receivables | -2.19M | 3.94M | -447K | -4.51M | 2.56M | -247.39M | -2.67M | 657K | 756K | -197.08M | 64.53M | 135.41M | 2.05M | 7.99M | -6.53M | 45.63M | -481K | 70.31M | -313K | 100.83M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | -6.75M | 4.99M | -3.06M | 8.83M | -2.88M | -7.78M | 4.3M | 3.14M | 1.47M | -1.38M | 6.21M | -3.07M | -10.09M | 15.53M | -785K | 9.36M | 176K | 363K | 574K | 3.63M |
| Cash from Investing | -60.89M | -48.97M | -35.87M | -85.53M | -47.99M | -147.16M | -848.81M | -851.15M | -114.15M | 3.5M | 15.7M | -6.45M | -57M | 19.68M | 20.58M | -62.48M | 27.95M | 14.7M | -4.82M | 8.32M |
| Capital Expenditures | 0 | -663K | -4.98M | -16.5M | -4.73M | -3.74M | -1.65M | -1.19M | -1.62M | -4.12M | -1.91M | -658K | -9.35M | -11.49M | -4.48M | -2.4M | -6.5M | -3.07M | -4.8M | -1.25M |
| CapEx % of Revenue | 3.88% | 0.24% | 1.84% | 6.33% | 1.92% | 1.43% | 0.66% | 0.5% | 0.71% | 1.84% | 0.92% | 0.32% | 4.87% | 6.26% | 2.82% | 1.62% | 4.75% | 2.21% | 3.91% | 1.12% |
| Acquisitions | 0 | 0 | 0 | -33.08M | 0 | 1K | -48.22M | 0 | 0 | 0 | 0 | 0 | 5.95M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -60.89M | 46.18M | -25.04M | -25.93M | -35.79M | 16.86M | -91.44M | -14.43M | -13.88M | 7.62M | 17.61M | -5.79M | -53.6M | 31.17M | 25.06M | -60.07M | 34.45M | 17.77M | -22K | 9.56M |
| Cash from Financing | -385.65M | 701.02M | 34.78M | 404.69M | -402.45M | 864.71M | 6.54M | 77.64M | -521.11M | 1B | -177.29M | 49.05M | -364.49M | 805.58M | -96.07M | 518.19M | 233.61M | 709.31M | 34.25M | 650.21M |
| Debt Issued (Net) | 0 | 0 | 0 | 0 | 0 | -13.22M | -1.76M | 555K | -3.98M | 2.61M | 14.18M | -5.66M | -8.86M | 2.61M | 979K | 472K | 631K | 13.66M | 0 | -40.02M |
| Equity Issued (Net) | -77.53M | -74.62M | -45.27M | -29.79M | -22.15M | -18.95M | -21.8M | -39.1M | -47.53M | -17.98M | -19.21M | -10.9M | 5.87M | 6.06M | 3.97M | 7.63M | 3.68M | 390.16M | -38.48M | 16.35M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | -74.99M | -78.57M | -45.27M | -32M | -22.15M | -17.06M | -21.8M | -47.69M | -50.96M | -21.03M | -17.28M | -17.13M | 0 | 0 | 0 | 0 | 0 | 1K | -39.8M | 0 |
| Other Financing | -308.12M | 775.64M | 80.05M | 434.47M | -380.29M | 896.88M | 30.11M | 116.18M | -469.6M | 1.02B | -172.25M | 65.6M | -361.5M | 796.91M | -101.02M | 510.56M | 229.3M | 305.49M | 72.73M | 676.31M |
| Net Change in Cash | -395.52M | 7.48B | 52.22M | -28.38M | -394.84M | 759.73M | -789.72M | -732.88M | -597.29M | 1.07B | -121.55M | 98.8M | -417.08M | 35.07M | -60.91M | 479.81M | 263.86M | 733.36M | -49.63M | 691.71M |
| Free Cash Flow | 41.68M | 70.28M | 35.3M | 68.11M | 32.92M | 29.61M | 36.16M | 26.93M | 23.84M | 40.03M | 27.09M | 50.03M | -5.45M | 36.26M | 10.98M | 20.14M | -4.13M | 1.82M | -1.04M | 28.62M |
| FCF Margin % | 15.93% | 25.59% | 13.03% | 26.13% | 13.35% | 11.31% | 14.56% | 11.24% | 10.45% | 17.84% | 13.02% | 24.2% | -2.84% | 19.76% | 6.91% | 13.59% | -3.02% | 1.31% | -0.85% | 25.8% |
| FCF Growth % | 26.61% | 137.37% | -2.36% | 152.92% | 38.11% | -26.03% | 33.45% | -46.17% | 537.41% | 10.38% | 146.85% | 148.4% | -31.96% | 1894.61% | 1157.42% | -29.64% | 79.97% | 114.14% | - | - |
| FCF per Share | 0.12 | 0.19 | 0.09 | 0.18 | 0.09 | 0.08 | 0.10 | 0.07 | 0.06 | 0.11 | 0.07 | 0.13 | -0.01 | 0.10 | 0.03 | 0.06 | -0.01 | 0.01 | -0.00 | 0.08 |
| FCF Conversion (FCF/Net Income) | 2.65x | 2.89x | 3.84x | 3.63x | 2.61x | 2.52x | 1.21x | 1.28x | 1.36x | 2.15x | 3.23x | 1.23x | 0.49x | -3.90x | -0.58x | 5.99x | 0.12x | -0.49x | -7.06x | -2.67x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |