AcquisitionsMay 7, 2026, 04:15 PM
Payoneer Acquires Boundless Technologies; Q1 Revenue $261.6M
AI Summary
Payoneer Global Inc. announced the acquisition of Boundless Technologies Limited for $13.176 million on January 19, 2026, enhancing its Employer of Record platform. For the first quarter ended March 31, 2026, the company reported revenues of $261.595 million, a 6.07% increase year-over-year. Net income for the quarter decreased by 4.9% to $19.568 million, while diluted earnings per share rose to $0.06.
Key Highlights
- Payoneer acquired Boundless Technologies Limited for $13.176 million on January 19, 2026.
- Revenues increased 6.07% to $261.595 million for the three months ended March 31, 2026.
- Net income decreased 4.9% to $19.568 million for the three months ended March 31, 2026.
- Diluted earnings per share increased to $0.06 for Q1 2026 from $0.05 in Q1 2025.
- Net cash provided by operating activities was $51.831 million in Q1 2026.
- Common stock repurchased amounted to $74.991 million during the quarter.
- Total assets were $8.598 billion at March 31, 2026, down from $8.957 billion at December 31, 2025.
- Customer funds totaled $7.595 billion at March 31, 2026, a decrease from $7.895 billion at December 31, 2025.