Flywire Corp
For the period ended Sep 30, 2024. Filed Nov 7, 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.
Sep 30, 2024 · Filed Nov 7, 2024
FLYW$22.13+2.6%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets
(Unaudited) (Amounts in thousands, except par value per share and share amounts)
| September 30,2024 | December 31,2023 | |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $565,035 | $654,608 |
| Short-term investments | 116,091 | — |
| Accounts receivable, net of allowance of $384 and $507, respectively | 27,510 | 18,215 |
| Unbilled receivables, net of allowance of $27 and $27, respectively | 11,659 | 10,689 |
| Funds receivable from payment partners | 130,391 | 113,945 |
| Prepaid expenses and other current assets | 24,847 | 18,227 |
| Total current assets | 875,533 | 815,684 |
| Long-term investments | 40,357 | — |
| Property and equipment, net | 17,684 | 15,134 |
| Intangible assets, net | 126,966 | 108,178 |
| Goodwill | 156,292 | 121,646 |
| Other assets | 23,200 | 19,089 |
| Total assets | $1,240,032 | $1,079,731 |
| Liabilities and Stockholders’ Equity | ||
| Current liabilities: | ||
| Accounts payable | $23,182 | $12,587 |
| Funds payable to clients | 298,239 | 210,922 |
| Accrued expenses and other current liabilities | 46,227 | 43,315 |
| Deferred revenue | 7,692 | 6,968 |
| Total current liabilities | 375,340 | 273,792 |
| Deferred tax liabilities | 15,573 | 15,391 |
| Other liabilities | 5,874 | 4,431 |
| Total liabilities | 396,787 | 293,614 |
| Commitments and contingencies (Note 15) | ||
| Stockholders’ equity: | ||
| Preferred stock, $0.0001 par value; 10,000,000 shares authorized as of September 30, 2024 and December 31, 2023; and no shares issued and outstanding as of September 30, 2024 and December 31, 2023 | — | — |
| Voting common stock, $0.0001 par value; 2,000,000,000 shares authorized as of September 30, 2024 and December 31, 2023; 126,156,494 shares issued and 122,575,857 shares outstanding as of September 30, 2024; 123,010,207 shares issued and 120,695,162 shares outstanding as of December 31, 2023 | 13 | 11 |
| Non-voting common stock, $0.0001 par value; 10,000,000 shares authorized as of September 30, 2024 and December 31, 2023; 1,873,320 shares issued and outstanding as of September 30, 2024 and December 31, 2023 | — | 1 |
| Treasury voting common stock, 3,580,637 and 2,315,045 shares as of September 30, 2024 and December 31, 2023, respectively, held at cost | (23,851) | (747) |
| Additional paid-in capital | 1,016,349 | 959,302 |
| Accumulated other comprehensive income | 5,705 | 1,320 |
| Accumulated deficit | (154,971) | (173,770) |
| Total stockholders’ equity | 843,245 | 786,117 |
| Total liabilities and stockholders’ equity | $1,240,032 | $1,079,731 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.