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$22.35+1.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations and Comprehensive Loss
(Amounts in thousands, except share and per share amounts)
| Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Revenue | $492,144 | $403,094 | $289,375 |
| Costs and operating expenses: | |||
| Payment processing services costs | 177,490 | 147,339 | 107,933 |
| Technology and development | 66,636 | 62,028 | 50,257 |
| Selling and marketing | 129,435 | 107,621 | 78,456 |
| General and administrative | 125,838 | 107,624 | 82,949 |
| Total costs and operating expenses | 499,399 | 424,612 | 319,595 |
| Loss from operations | $(7,255) | $(21,518) | $(30,220) |
| Other income (expense): | |||
| Interest expense | (538) | (372) | (1,211) |
| Interest income | 21,440 | 13,349 | 3,244 |
| (Loss) gain from remeasurement of foreign currency | (11,787) | 4,189 | (9,172) |
| Total other income (expense), net | 9,115 | 17,166 | (7,139) |
| Income (loss) before (benefit from) provision for income taxes | 1,860 | (4,352) | (37,359) |
| (Benefit from) provision for income taxes | (1,040) | 4,214 | 1,988 |
| Net income (loss) | $2,900 | $(8,566) | $(39,347) |
| Other comprehensive income (loss): | |||
| Foreign currency translation adjustment | (3,594) | 3,232 | (1,513) |
| Unrealized gains on available-for-sale debt securities, net of taxes | 208 | — | — |
| Total other comprehensive (loss) income | (3,386) | 3,232 | (1,513) |
| Comprehensive loss | $(486) | $(5,334) | $(40,860) |
| Net income (loss) attributable to common stockholders – basic and diluted | $2,900 | $(8,566) | $(39,347) |
| Net income (loss) per share attributable to common stockholders – basic | $0.02 | $(0.07) | $(0.36) |
| Net income (loss) per share attributable to common stockholders – diluted | $0.02 | $(0.07) | $(0.36) |
| Weighted average common shares outstanding – basic | 124,269,820 | 114,828,494 | 107,935,514 |
| Weighted average common shares outstanding – diluted | 129,339,462 | 114,828,494 | 107,935,514 |
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