Payoneer Global Inc. (PAYO) Form 10-Q — Aug 6, 2026
Payoneer's Q2 2026 10-Q confirms its pending acquisition by Nuvei at $7.40 per share in cash, with HSR early termination granted on July 28, 2026 and an outside date of June 12, 2027. Payoneer would owe Nuvei an $89.0 million termination fee under specified circumstances, while Nuvei owes $165.0 million if it fails to close. Q2 revenue rose 5% year over year to $274.3 million on $23.7 billion of volume (up 15%), but the company swung to a net loss of $2.4 million versus $19.5 million profit a year ago, weighed down by $10.6 million of merger transaction costs, a 26% jump in R&D spending, and $10.6 million of net financial expense driven by FX losses.
Key figures
- Eps
- -$0.01 (Q2 2026 basic and diluted); $0.05 (H1 2026)
- Revenue
- $274.3 million (Q2 2026); $535.9 million (H1 2026)
- Net Income
- -$2.4 million (Q2 2026); $17.1 million (H1 2026)
- Revenue Yoy
- +5.2% Q2 YoY; +5.6% H1 YoY
- Cash Position
- $346.3 million
- Damages cap
- $275.0 million
- Customer funds
- $7.75 billion
- Volume h1 2026
- $46.4 billion (+15% YoY)
- Volume q2 2026
- $23.7 billion (+15% YoY)
- Shares outstanding
- 338850836
- Israel workforce share
- 47% of employees; 74% of R&D
- Merger price per share
- $7.40
- Merger transaction costs
- $10.6 million (Q2/H1 2026)
- Termination fee to nuvei
- $89.0 million
- Share repurchases h1 2026
- $90.4 million (17.6 million shares)
- Operating cash flow h1 2026
- $113.0 million
- Buyback remaining authorization
- $101.7 million
- Reverse termination fee from nuvei
- $165.0 million
- Interest income on customer balances q2
- $52.1 million (vs $58.3 million Q2 2025)
Price after filing
Close on the filing date to close N calendar days later (from $7.13). Historical, not a forecast.
AI analysis
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