← Flywire Corp
| Annual Trend | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|
| ASSETS | |||||||
| Current assets: | |||||||
| Cash and Cash Equivalents, at Carrying Value | $104.1m | $385.4m | $349.2m | $654.6m | $495.2m | $330.3m | |
| Prepaid Expense and Other Assets, Current | $3.8m | $9.8m | $17.5m | $18.2m | $22.5m | $36.5m | |
| Restricted Cash, Current | $5.0m | $4.0m | $2.0m | $0 | — | — | |
| Short-term Investments | — | — | — | $0 | $115.8m | $24.7m | |
| Cash and cash equivalents | $104.1m | $385.4m | $349.2m | $654.6m | $495.2m | $330.3m | |
| Accounts receivable, net of allowance of $834 and $410, respectively | $11.6m | $13.0m | $13.7m | $18.2m | $23.7m | $34.8m | |
| Unbilled receivables, net of allowance of $45 and $36, respectively | — | — | — | $10.7m | $15.5m | $20.5m | |
| Funds receivable from payment partners | $22.5m | $28.3m | $63.0m | $113.9m | $90.1m | $155.5m | |
| Prepaid expenses and other current assets | $3.8m | $9.8m | $17.5m | $18.2m | $22.5m | $36.5m | |
| Assets, Current | $148.6m | $443.8m | $450.6m | $815.7m | $762.9m | $602.3m | |
| Total current assets | $148.6m | $443.8m | $450.6m | $815.7m | $762.9m | $602.3m | |
| Long-term investments | — | — | — | $0 | $50.1m | $0 | |
| Property, Plant and Equipment, Net | $5.1m | $9.4m | $13.3m | $15.1m | $17.2m | $22.1m | |
| Goodwill | $44.6m | $85.8m | $97.8m | $121.6m | $149.6m | $406.5m | |
| Intangible Assets, Net (Excluding Goodwill) | $68.2m | $93.6m | $97.6m | $108.2m | $118.7m | $189.1m | |
| Intangible assets, net | $68.2m | $93.6m | $97.6m | $108.2m | $118.7m | $189.1m | |
| Operating Lease, Right-of-Use Asset | — | — | $2.8m | $3.4m | $3.4m | $3.7m | |
| Other Assets, Noncurrent | $4.9m | $7.2m | $14.9m | $19.1m | $24.0m | $33.3m | |
| Other assets | $4.9m | $7.2m | $14.9m | $19.1m | $24.0m | $33.3m | |
| Additional Financial Items | |||||||
| Accounts Receivable, after Allowance for Credit Loss, Current | $11.6m | $13.0m | $13.7m | $18.2m | $23.7m | $34.8m | |
| Accrued Liabilities, Current | $1.1m | $3.1m | $4.5m | $9.5m | $10.9m | $55.7m | |
| Restricted cash | $5.0m | $4.0m | $2.0m | $0 | — | — | |
| Funds payable to clients | $60.0m | $71.3m | $124.3m | $210.9m | $217.8m | $310.8m | |
| Accrued expenses and other current liabilities | $15.0m | $22.7m | $33.1m | $43.3m | $49.3m | $55.7m | |
| Other liabilities | $2.1m | $2.2m | $2.9m | $4.4m | $5.3m | $3.5m | |
| Treasury voting common stock, at cost; 10,249,429 and 4,670,974 shares as of December 31, 2025 and December 31, 2024, respectively | ($748k) | ($748k) | ($748k) | ($747k) | ($46.3m) | ($118.6m) | |
| Assets | $271.4m | $639.8m | $674.3m | $1.1b | $1.1b | $1.3b | |
| Total assets | $271.4m | $639.8m | $674.3m | $1.1b | $1.1b | $1.3b | |
| LIABILITIES AND EQUITY | |||||||
| Total liabilities and stockholders' equity | $271.4m | $639.8m | $674.3m | $1.1b | $1.1b | $1.3b | |
| Current liabilities: | |||||||
| Operating Lease, Liability, Current | — | — | $1.8m | $1.5m | $1.7m | $1.3m | |
| Accounts Payable, Current | $5.4m | $10.2m | $13.3m | $12.6m | $15.4m | $15.3m | |
| Operating Lease, Liability, Noncurrent | — | — | — | — | — | $2.4m | |
| Long-term Debt, Excluding Current Maturities | $24.4m | $25.9m | $0 | — | — | — | |
| Deferred Revenue, Current | $1.2m | $5.5m | $5.2m | $7.0m | $7.3m | $20.0m | |
| Deferred Revenue, Noncurrent | $108k | $185k | $131k | $169k | $207k | $0 | |
| Liabilities, Current | $88.4m | $117.5m | $177.3m | $273.8m | $289.8m | $401.8m | |
| Total current liabilities | $88.4m | $117.5m | $177.3m | $273.8m | $289.8m | $401.8m | |
| Deferred Income Tax Liabilities, Net | $481k | $8.4m | $12.1m | $15.4m | $12.6m | $12.9m | |
| Other Liabilities, Noncurrent | $2.1m | $2.2m | $2.9m | $4.4m | $5.3m | $3.5m | |
| Deferred tax liabilities | $481k | $8.4m | $12.1m | $15.4m | $12.6m | $12.9m | |
| Deferred Tax Liabilities, Net | $264k | $8.2m | $10.3m | $13.5m | $9.1m | $8.1m | |
| Liabilities | $123.0m | $157.6m | $192.4m | $293.6m | $307.7m | $418.1m | |
| Total liabilities | $123.0m | $157.6m | $192.4m | $293.6m | $307.7m | $418.1m | |
| Stockholders’ equity: | |||||||
| Preferred Stock, Value, Issued | $0 | $0 | $0 | $0 | $0 | $0 | |
| Common Stock, Value, Issued | $2k | $10k | $10k | $11k | $13k | $13k | |
| Additional Paid in Capital | $17.0m | $609.2m | $649.8m | $959.3m | $1.0b | $1.1b | |
| Retained Earnings (Accumulated Deficit) | ($97.8m) | ($125.9m) | ($165.2m) | ($173.8m) | ($170.9m) | ($157.4m) | |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | ($214k) | ($399k) | ($1.9m) | $1.3m | ($2.1m) | $2.5m | |
| Preferred stock, $0.0001 par value; 10,000,000 shares authorized, none issued and outstanding as of December 31, 2025 and December 31, 2024 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Voting common stock, $0.0001 par value; 2,000,000,000 shares authorized, 130,335,519 shares issued and 120,086,090 shares outstanding as of December 31, 2025; 126,853,852 shares issued and 122,182,878 shares outstanding as of December 31, 2024 | 2k | 10k | 10k | 11k | 13k | 13k | |
| Non-voting common stock, $0.0001 par value; 10,000,000 shares authorized, 1,873,320 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively | 0 | 1k | 1k | 1k | 0 | 0 | |
| Accumulated other comprehensive income (loss) | ($214k) | ($399k) | ($1.9m) | $1.3m | ($2.1m) | $2.5m | |
| Accumulated deficit | ($97.8m) | ($125.9m) | ($165.2m) | ($173.8m) | ($170.9m) | ($157.4m) | |
| Stockholders' Equity Attributable to Parent | ($81.8m) | $482.2m | $481.9m | $786.1m | $814.8m | $835.2m | |
| Total stockholders' equity | ($81.8m) | $482.2m | $481.9m | $786.1m | $814.8m | $835.2m | |
| Liabilities and Equity | $271.4m | $639.8m | $674.3m | $1.1b | $1.1b | $1.3b |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.