FLYW · XBRL financial data
Flywire financial statements, every fiscal year
The same tables from 5 filings, lined up. Matched by XBRL tag: renamed lines keep their history.
How these numbers work
- Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
- Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
- * marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
- 0 means a filing states zero; a dash (—) means no filing states that number.
- “year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
- Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
- Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
- Shares outstanding come from each filing's cover page, as of the date printed there.
- Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.
Income statement
CSVFiscal years (FLYW's year ends in late December)
| In millions of dollars | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|
| Revenue | 201 | 289 | 403 | 492 | 623 |
| Research and development | 31 | 50 | 62 | 67 | 70 |
| General and administrative | 62 | 83 | 108 | 126 | 135 |
| Total operating expenses | 214 | 320 | 425 | 499 | 612 |
| Operating income (loss) | (13) | (30) | (22) | (7) | 11 |
| Interest expense | 2 | 1 | 0 | 1 | 4 |
| Other income (expense) | 0 | (6) | — | — | — |
| Income tax expense (benefit) | 2 | 2 | 4 | (1) | 8 |
| Net income (loss) | (28) | (39) | (9) | 3 | 13 |
| Earnings per share, basic USD per share | (0.39) | (0.36) | (0.07) | 0.02 | 0.11 |
| Earnings per share, diluted USD per share | (0.39) | (0.36) | (0.07) | 0.02 | 0.11 |
| Weighted average shares, basic millions of shares | 71 | 108 | 115 | 124 | 122 |
| Weighted average shares, diluted millions of shares | 71 | 108 | 115 | 129 | 128 |
Balance sheet
CSVFiscal years (FLYW's year ends in late December)
| In millions of dollars | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|
| Cash and cash equivalents | 385 | 349 | 655 | 495 | 330 |
| Short-term investments | — | — | 0 | 116 | 25 |
| Accounts receivable | 13 | 14 | 18 | 24 | 35 |
| Prepaid and other current assets | 10 | 18 | 18 | 23 | 37 |
| Total current assets | 444 | 451 | 816 | 763 | 602 |
| Property and equipment, net | 9 | 13 | 15 | 17 | 22 |
| Right-of-use asset | — | 3 | 3 | 3 | 4 |
| Goodwill | 86 | 98 | 122 | 150 | 407 |
| Total assets | 640 | 674 | 1,080 | 1,122 | 1,253 |
| Accounts payable | 10 | 13 | 13 | 15 | 15 |
| Accrued liabilities | 3 | 5 | 10 | 11 | 56 |
| Total current liabilities | 117 | 177 | 274 | 290 | 402 |
| Long-term debt | 26 | 0 | — | — | — |
| Lease liability, non-current | — | — | — | 2 | 2 |
| Total liabilities | 158 | 192 | 294 | 308 | 418 |
| Accumulated deficit | (126) | (165) | (174) | (171) | (157) |
| Total stockholders' equity | 482 | 482 | 786 | 815 | 835 |
| Total liabilities and equity | 640 | 674 | 1,080 | 1,122 | 1,253 |
| Common shares outstanding (cover page) millions of shares | 100 | 107 | 121 | 122 | 120 |
Cash flows
CSVFiscal years (FLYW's year ends in late December)
| In millions of dollars | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|
| Net income (loss) | (28) | (39) | (9) | 3 | 13 |
| Stock-based compensation | 19 | 30 | 44 | 65 | 72 |
| Depreciation and amortization | 9 | 12 | 16 | 17 | 26 |
| Net cash from operating activities | 17 | 5 | 81 | 91 | 100 |
| Purchases of property and equipment | 7 | 7 | 1 | 1 | 1 |
| Net cash from investing activities | (63) | (25) | (39) | (216) | (194) |
| Proceeds from issuing common stock | 0 | 1 | 3 | — | — |
| Share repurchases | 0 | — | — | — | — |
| Proceeds from long-term debt | 26 | 0 | 0 | 0 | 125 |
| Repayments of long-term debt | 25 | 26 | 0 | 0 | 125 |
| Net cash from financing activities | 328 | (24) | 263 | (38) | (78) |
| Net change in cash | 280 | (38) | 303 | (159) | (165) |
Compare with peers
SIC 7389 and related industry codes, similar size. Each row is the latest quarter reported.
How peers are chosen
- SIC 7389 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
- Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
- * marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
- A cell reading “not reported” means the filings give no figure for that quarter alone.
| Company | Cash ($M) | Revenue, quarter ($M) | Operating cash flow, quarter ($M) | Shares outstanding | Quarter |
|---|---|---|---|---|---|
| Flywire | 407 | 250 | 125* | not reported | 10-QSep 30, 2026 |
| Paymentus Holdings | 408 | 372 | 44* | not reported | 10-QSep 30, 2026 |
| Arlo Technologies | 101 | not reported | 11* | 107.6M | 10-QJun 28, 2026 |
| Xometry | 18 | 252 | 7.9* | not reported | 10-QSep 30, 2026 |
| Phreesia | 75 | 129 | 18 | 62.1M | 10-QJul 31, 2026 |
| Andersen Group | 176 | 218 | 70* | not reported | 10-QJun 30, 2026 |
| Donnelley Financial Solutions | 27 | 185 | 98* | 24.4M | 10-QSep 30, 2026 |
| Payoneer Global | 346 | 274 | 61* | 338.9M | 10-QJun 30, 2026 |
| Trinet Group | 328 | 1,175 | 80* | 45.8M | 10-QSep 30, 2026 |
Not investment advice. Not affiliated with the U.S. SEC.