Flywire Corp
For the period ended Sep 30, 2025. Filed Nov 10, 2025.
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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, 2025 · Filed Nov 10, 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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Condensed Consolidated Balance Sheets
(Unaudited) (Amounts in thousands, except par value per share and share amounts)
| September 30, 2025 | December 31, 2024 | |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $354,914 | $495,242 |
| Short-term investments | 22,430 | 115,848 |
| Accounts receivable, net of allowance of $1,105 and $410, respectively | 40,354 | 23,703 |
| Unbilled receivables, net of allowance of $31 and $36, respectively | 13,883 | 15,453 |
| Funds receivable from payment partners | 133,398 | 90,110 |
| Prepaid expenses and other current assets | 41,149 | 22,528 |
| Total current assets | 606,128 | 762,884 |
| Long-term investments | 4,394 | 50,125 |
| Property and equipment, net | 20,356 | 17,160 |
| Intangible assets, net | 194,199 | 118,684 |
| Goodwill | 406,149 | 149,558 |
| Other assets | 28,641 | 24,035 |
| Total assets | $1,259,867 | $1,122,446 |
| Liabilities and Stockholders’ Equity | ||
| Current liabilities: | ||
| Accounts payable | $18,858 | $15,353 |
| Funds payable to clients | 302,943 | 217,788 |
| Accrued expenses and other current liabilities | 52,665 | 49,297 |
| Deferred revenue | 21,454 | 7,337 |
| Total current liabilities | 395,920 | 289,775 |
| Deferred tax liabilities | 13,009 | 12,643 |
| Long-term debt | 15,000 | — |
| Other liabilities | 6,812 | 5,261 |
| Total liabilities | 430,741 | 307,679 |
| Commitments and contingencies (Note 17) | ||
| Stockholders’ equity: | ||
| Preferred stock, $0.0001 par value; 10,000,000 shares authorized, none issued and outstanding as of September 30, 2025 and December 31, 2024 | — | — |
| Voting common stock, $0.0001 par value; 2,000,000,000 shares authorized, 129,761,844 shares issued and 120,238,939 shares outstanding as of September 30, 2025; 126,853,852 shares issued and 122,182,878 shares outstanding as of December 31, 2024 | 13 | 13 |
| Non-voting common stock, $0.0001 par value; 10,000,000 shares authorized, 1,873,320 shares issued and outstanding as of September 30, 2025 and December 31, 2024, respectively | — | — |
| Treasury voting common stock, at cost; 9,522,905 and 4,670,974 shares as of September 30, 2025 and December 31, 2024, respectively | (108,687) | (46,268) |
| Additional paid-in capital | 1,090,002 | 1,033,958 |
| Accumulated other comprehensive income (loss) | 5,204 | (2,066) |
| Accumulated deficit | (157,406) | (170,870) |
| Total stockholders’ equity | 829,126 | 814,767 |
| Total liabilities and stockholders’ equity | $1,259,867 | $1,122,446 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.