Flywire Corp
For the period ended Dec 31, 2024. Filed Feb 26, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 26, 2025
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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Consolidated Balance Sheets
(Amounts in thousands, except par value per share and share amounts)
| December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $495,242 | $654,608 |
| Short-term investments | 115,848 | — |
| Accounts receivable, net of allowance of $410 and $507, respectively | 23,703 | 18,215 |
| Unbilled receivables, net of allowance of $36 and $27, respectively | 15,453 | 10,689 |
| Funds receivable from payment partners | 90,110 | 113,945 |
| Prepaid expenses and other current assets | 22,528 | 18,227 |
| Total current assets | 762,884 | 815,684 |
| Long-term investments | 50,125 | — |
| Property and equipment, net | 17,160 | 15,134 |
| Intangible assets, net | 118,684 | 108,178 |
| Goodwill | 149,558 | 121,646 |
| Other assets | 24,035 | 19,089 |
| Total assets | $1,122,446 | $1,079,731 |
| Liabilities and Stockholders’ Equity | ||
| Current liabilities: | ||
| Accounts payable | $15,353 | $12,587 |
| Funds payable to clients | 217,788 | 210,922 |
| Accrued expenses and other current liabilities | 49,297 | 43,315 |
| Deferred revenue | 7,337 | 6,968 |
| Total current liabilities | 289,775 | 273,792 |
| Deferred tax liabilities | 12,643 | 15,391 |
| Other liabilities | 5,261 | 4,431 |
| Total liabilities | 307,679 | 293,614 |
| Commitments and contingencies (Note 17) | ||
| Stockholders’ equity: | ||
| Preferred stock, $0.0001 par value; 10,000,000 shares authorized as of December 31, 2024 and 2023; and no shares issued and outstanding as of December 31, 2024 and 2023 | — | — |
| Voting common stock, $0.0001 par value; 2,000,000,000 shares authorized as of December 31, 2024 and 2023; 126,853,852 shares issued and 122,182,878 shares outstanding as of December 31, 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 December 31, 2024 and 2023; 1,873,320 shares issued and outstanding as of December 31, 2024 and 2023 | — | 1 |
| Treasury voting common stock, 4,670,974 and 2,315,045 shares as of December 31, 2024 and 2023, respectively, held at cost | (46,268) | (747) |
| Additional paid-in capital | 1,033,958 | 959,302 |
| Accumulated other comprehensive (loss) income | (2,066) | 1,320 |
| Accumulated deficit | (170,870) | (173,770) |
| Total stockholders’ equity | 814,767 | 786,117 |
| Total liabilities and stockholders’ equity | $1,122,446 | $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.