Flywire Corp
For the period ended Dec 31, 2025. Filed Feb 24, 2026.
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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.
FY2025 · Filed Feb 24, 2026
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, 2025 | December 31, 2024 | |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $330,303 | $495,242 |
| Short-term investments | 24,692 | 115,848 |
| Accounts receivable, net of allowance of $834 and $410, respectively | 34,776 | 23,703 |
| Unbilled receivables, net of allowance of $45 and $36, respectively | 20,522 | 15,453 |
| Funds receivable from payment partners | 155,455 | 90,110 |
| Prepaid expenses and other current assets | 36,540 | 22,528 |
| Total current assets | 602,288 | 762,884 |
| Long-term investments | — | 50,125 |
| Property and equipment, net | 22,125 | 17,160 |
| Intangible assets, net | 189,050 | 118,684 |
| Goodwill | 406,507 | 149,558 |
| Other assets | 33,343 | 24,035 |
| Total assets | $1,253,313 | $1,122,446 |
| Liabilities and Stockholders’ Equity | ||
| Current liabilities: | ||
| Accounts payable | $15,298 | $15,353 |
| Funds payable to clients | 310,799 | 217,788 |
| Accrued expenses and other current liabilities | 55,715 | 49,297 |
| Deferred revenue | 19,951 | 7,337 |
| Total current liabilities | 401,763 | 289,775 |
| Deferred tax liabilities | 12,900 | 12,643 |
| Other liabilities | 3,479 | 5,261 |
| Total liabilities | 418,142 | 307,679 |
| Commitments and contingencies (Note 18) | ||
| Stockholders’ equity: | ||
| Preferred stock, $0.0001 par value; 10,000,000 shares authorized, none issued and outstanding as of December 31, 2025 and December 31, 2024 | — | — |
| Voting common stock, $0.0001 par value; 2,000,000,000 shares authorized, 130,335,519 shares issued and 120,086,090 shares outstanding as of December 31, 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 December 31, 2025 and December 31, 2024, respectively | — | — |
| Treasury voting common stock, at cost; 10,249,429 and 4,670,974 shares as of December 31, 2025 and December 31, 2024, respectively | (118,636) | (46,268) |
| Additional paid-in capital | 1,108,679 | 1,033,958 |
| Accumulated other comprehensive income (loss) | 2,488 | (2,066) |
| Accumulated deficit | (157,373) | (170,870) |
| Total stockholders’ equity | 835,171 | 814,767 |
| Total liabilities and stockholders’ equity | $1,253,313 | $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.