Flywire Corporation (FLYW)

Flywire Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	539.71	492.14	403.09	289.38	201.15	131.78
Revenue Growth (YoY)	22.20%	22.09%	39.30%	43.86%	52.64%	38.84%
Cost of Revenue	200.39	177.49	147.34	107.93	70.19	47.81
Gross Profit	339.32	314.65	255.76	181.44	130.96	83.98
Selling, General & Admin	270.03	255.15	214.07	163.01	109.96	68.39
Research & Development	68.08	66.64	61.53	49.16	31.3	24.5
Operating Expenses	338.11	321.79	275.59	212.17	141.25	92.89
Operating Income	1.21	-7.13	-19.84	-30.73	-10.29	-8.92
Interest Expense	-2.05	-0.54	-0.37	-1.21	-2.02	-2.53
Interest & Investment Income	13.87	21.44	13.35	3.24	-	0.1
Currency Exchange Gain (Loss)	-0.89	-11.79	4.19	-9.17	0.11	0.6
Other Non Operating Income (Expenses)	-	-	-	-	-10.76	-0.63
EBT Excluding Unusual Items	12.13	1.98	-2.67	-37.86	-22.96	-11.38
Merger & Restructuring Charges	-7.29	-1.1	-1.3	-2.3	-0.7	-1.5
Other Unusual Items	0.59	0.98	-0.38	2.81	-2.26	-5.4
Pretax Income	5.6	1.86	-4.35	-37.36	-25.93	-18.28
Income Tax Expense	-1.24	-1.04	4.21	1.99	2.16	-7.17
Net Income	6.83	2.9	-8.57	-39.35	-28.09	-11.11
Preferred Dividends & Other Adjustments	-	-	-	-	0.01	0.01
Net Income to Common	6.83	2.9	-8.57	-39.35	-28.1	-11.12
Shares Outstanding (Basic)	124	124	115	108	71	18
Shares Outstanding (Diluted)	129	129	115	108	71	18
Shares Change (YoY)	5.89%	12.64%	6.39%	51.66%	287.00%	14.46%
EPS (Basic)	0.06	0.02	-0.07	-0.36	-0.39	-0.60
EPS (Diluted)	0.05	0.02	-0.07	-0.36	-0.39	-0.60
Free Cash Flow	93.02	90.54	79.62	4.07	16.08	-16.36
Free Cash Flow Per Share	0.72	0.70	0.69	0.04	0.23	-0.89
Gross Margin	62.87%	63.93%	63.45%	62.70%	65.11%	63.72%
Operating Margin	0.22%	-1.45%	-4.92%	-10.62%	-5.12%	-6.77%
Profit Margin	1.26%	0.59%	-2.13%	-13.60%	-13.97%	-8.44%
Free Cash Flow Margin	17.23%	18.40%	19.75%	1.41%	7.99%	-12.42%
EBITDA	18.28	6.63	-6.97	-20.02	-2.1	-2.22
EBITDA Margin	3.39%	1.35%	-1.73%	-6.92%	-1.04%	-1.69%
D&A For EBITDA	17.07	13.76	12.86	10.7	8.2	6.69
EBIT	1.21	-7.13	-19.84	-30.73	-10.29	-8.92
EBIT Margin	0.22%	-1.45%	-4.92%	-10.62%	-5.12%	-6.77%
Advertising Expenses	-	7.5	6.6	4.9	3.2	1.3

Updated Aug 5, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q