Flywire Corp
For the period ended Jun 30, 2024. Filed Aug 6, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 6, 2024
FLYW$22.35+1.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations and Comprehensive Loss
(Unaudited) (Amounts in thousands, except share and per share amounts)
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Revenue | $103,676 | $84,869 | $217,779 | $179,226 |
| Costs and operating expenses: | ||||
| Payment processing services costs | 39,899 | 33,804 | 81,549 | 67,659 |
| Technology and development | 15,834 | 16,016 | 32,571 | 30,539 |
| Selling and marketing | 31,771 | 27,273 | 61,854 | 51,707 |
| General and administrative | 31,959 | 24,584 | 63,555 | 52,697 |
| Total costs and operating expenses | 119,463 | 101,677 | 239,529 | 202,602 |
| Loss from operations | $(15,787) | $(16,808) | $(21,750) | $(23,376) |
| Other income (expense): | ||||
| Interest expense | (133) | (78) | (275) | (181) |
| Interest income | 5,719 | 1,935 | 11,598 | 3,870 |
| Gain (loss) from remeasurement of foreign currency | 998 | (755) | (3,378) | 715 |
| Total other income (expense), net | 6,584 | 1,102 | 7,945 | 4,404 |
| Loss before provision for income taxes | (9,203) | (15,706) | (13,805) | (18,972) |
| Provision for income taxes | 4,677 | 1,107 | 6,292 | 1,524 |
| Net loss | $(13,880) | $(16,813) | $(20,097) | $(20,496) |
| Other comprehensive income (loss): | ||||
| Foreign currency translation adjustment | 193 | 2,449 | (1,168) | 2,082 |
| Unrealized losses on available-for-sale debt securities, net of taxes | (53) | — | (53) | — |
| Total other comprehensive income (loss) | 140 | 2,449 | (1,221) | 2,082 |
| Comprehensive loss | $(13,740) | $(14,364) | $(21,318) | $(18,414) |
| Net loss attributable to common stockholders – basic and diluted | $(13,880) | $(16,813) | $(20,097) | $(20,496) |
| Net loss per share attributable to common stockholders – basic and diluted | $(0.11) | $(0.15) | $(0.16) | $(0.19) |
| Weighted average common shares outstanding – basic and diluted | 124,562,015 | 111,133,221 | 123,859,762 | 110,464,092 |
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