Revenue for the year ended December 31, 2025, increased by 8% to $1,052.8 million, up from $977.7 million in 2024. Total volume processed on the platform grew by 9% to $87.5 billion in 2025, compared to $80.1 billion in 2024. Net income decreased by 40% to $73.2 million in 2025, down from $121.2 million in 2024. Operating income declined by 16% to $124.7 million in 2025, from $149.0 million in 2024. Adjusted EBITDA saw a slight increase to $271.7 million in 2025, up from $270.6 million in 2024. The company acquired PayEco, a licensed China-based payment service provider, in April 2025 to strengthen its global regulatory infrastructure and enhance services for China-based customers. Post-reporting period, Payoneer acquired Boundless Technologies Limited, an Ireland-based Employer of Record (EOR) platform, on January 19, 2026, to expand its workforce management solutions. The Board of Directors increased the stock repurchase authorization to $300 million, with approximately $192.1 million remaining available for future repurchases as of December 31, 2025. Greater China accounted for approximately 34% of the company's total revenue in 2025, indicating significant geographic concentration. Payments received from Amazon marketplaces globally generated 21% of the company's revenues during 2025. Interest income earned on customer balances decreased by $25.2 million due to modestly lower interest rates, partially offset by an increase in customer balances. Income tax expense surged by 132% to $42.4 million in 2025, primarily due to decreased U.S. prior year tax benefits, decreased foreign deferred tax benefits, and an increase in uncertain tax positions. Restructuring charges totaling $4.9 million were incurred in 2025, related to strategic shifts in Checkout capabilities and broad expense efficiency measures.