← Flywire Corp
| Annual Trend | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|
| Total Revenue | $94.9m |
$131.8m
+38.84%
|
$201.1m
+52.64%
|
$289.4m
+43.86%
|
$403.1m
+39.30%
|
$492.1m
+22.09%
|
$623.0m
+26.59%
|
|
| Research and Development Expense | $15.0m | $24.5m | $31.3m | $50.3m | $62.0m | $66.6m | $70.2m | |
| Selling and Marketing Expense | $26.6m | $32.6m | $51.3m | $78.5m | $107.6m | $129.4m | $157.0m | |
| General and Administrative Expense | $34.0m | $42.7m | $61.6m | $82.9m | $107.6m | $125.8m | $135.5m | |
| Amortization of Intangible Assets | — | $4.9m | $6.7m | $9.1m | $11.5m | $12.3m | $20.1m | |
| Restructuring | — | — | — | — | $0 | $0 | $8.7m | |
| Operating Expenses | $112.4m | $147.6m | $214.4m | $319.6m | $424.6m | $499.4m | $611.7m | |
| Operating Income (Loss) | ($17.5m) |
($15.8m)
+9.41%
|
($13.3m)
+16.17%
|
($30.2m)
-127.96%
|
($21.5m)
+28.80%
|
($7.3m)
+66.28%
|
$11.3m
+255.69%
|
|
| Interest Expense, Debt | — | — | — | — | — | — | $3.5m | |
| Interest Income, Other | — | — | $0 | $3.2m | $13.3m | $21.4m | $5.6m | |
| Foreign Currency Transaction Gain (Loss), before Tax | — | — | — | — | $4.2m | ($11.8m) | $7.9m | |
| Gain (loss) from remeasurement of foreign currency | — | — | $109k | ($9.2m) | $4.2m | ($11.8m) | $7.9m | |
| Other income (expense): | ||||||||
| Other Nonoperating Income (Expense) | — | $697k | $109k | ($5.9m) | — | — | — | |
| Interest Expense (non-operating) | $2.5m | $2.5m | $2.0m | $1.2m | $372k | $538k | $3.5m | |
| Other Expenses | — | $600k | — | — | — | — | — | |
| Nonoperating Income (Expense) | ($2.1m) | ($2.5m) | ($12.7m) | ($7.1m) | $17.2m | $9.1m | $10.1m | |
| Total other income (expense), net | ($2.1m) | ($2.5m) | ($12.7m) | ($7.1m) | $17.2m | $9.1m | $10.1m | |
| Income (Loss) from Continuing Operations before Income Taxes, Domestic | — | ($21.0m) | ($29.2m) | ($45.3m) | ($23.2m) | ($18.8m) | ($1.2m) | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | ($19.6m) | ($18.3m) | ($25.9m) | ($37.4m) | ($4.4m) | $1.9m | $21.4m | |
| Current Income Tax Expense (Benefit) | — | $1.4m | $2.0m | $3.7m | $4.1m | $7.8m | $9.3m | |
| Income Tax Expense (Benefit) | $550k | ($7.2m) | $2.2m | $2.0m | $4.2m | ($1.0m) | $7.9m | |
| Net Income (Loss) Attributable to Parent | ($20.1m) |
($11.1m)
+44.79%
|
($28.1m)
-152.86%
|
($39.3m)
-40.10%
|
($8.6m)
+78.23%
|
$2.9m
+133.85%
|
$13.5m
+365.41%
|
|
| Earnings Per Share, Basic | ($1.25) | ($0.60) | ($0.39) | ($0.36) | ($0.07) | $0.02 | $0.11 | |
| Earnings Per Share, Diluted | ($1.25) | ($0.60) | ($0.39) | ($0.36) | ($0.07) | $0.02 | $0.11 | |
| Weighted Average Number of Shares Outstanding, Basic | — | 18.4m | 71.2m | 107.9m | 114.8m | 124.3m | 122.4m | |
| Weighted average common shares outstanding - basic | — | 18.4m | 71.2m | 107.9m | 114.8m | 124.3m | 122.4m | |
| Weighted average common shares outstanding - diluted | — | 18.4m | 71.2m | 107.9m | 114.8m | 129.3m | 127.7m | |
| Weighted Average Number of Shares Outstanding, Diluted | — | 18.4m | 71.2m | 107.9m | 114.8m | 129.3m | 127.7m | |
| Additional Financial Items | ||||||||
| Capitalized Computer Software, Amortization | — | $100k | $800k | $1.6m | $2.9m | $3.6m | $4.8m | |
| Goodwill, Impairment Loss | — | — | — | — | — | — | $0 | |
| Realized Investment Gains (Losses) | — | — | — | — | — | $0 | $200k | |
| Payment processing services costs | $36.7m | $47.8m | $70.2m | $107.9m | $147.3m | $177.5m | $240.4m | |
| Income (loss) from operations | ($17.5m) |
($15.8m)
+9.41%
|
($13.3m)
+16.17%
|
($30.2m)
-127.96%
|
($21.5m)
+28.80%
|
($7.3m)
+66.28%
|
$11.3m
+255.69%
|
|
| Gain on available-for-sale debt securities | — | — | — | — | $0 | $0 | $166k | |
| Foreign currency translation adjustment | $66k | ($316k) | ($185k) | ($1.5m) | $3.2m | ($3.6m) | $4.7m | |
| Unrealized (losses) gains on available-for-sale debt securities, net of taxes | — | — | — | $0 | $0 | $208k | ($153k) | |
| Comprehensive income (loss) | ($20.1m) | ($11.4m) | ($28.3m) | ($40.9m) | ($5.3m) | ($486k) | $18.1m | |
| Total other comprehensive income (loss) | — | — | — | ($1.5m) | $3.2m | ($3.4m) | $4.6m |