Flywire Corp
For the period ended Dec 31, 2025. Filed Feb 24, 2026.
View on SEC.govAbout this filing
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$22.35+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 Income (Loss)
(Amounts in thousands, except share and per share amounts)
| Year Ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Revenue | $623,025 | $492,144 | 403,094 |
| Costs and operating expenses: | |||
| Payment processing services costs | 240,360 | 177,490 | 147,339 |
| Technology and development | 70,207 | 66,636 | 62,028 |
| Selling and marketing | 156,991 | 129,435 | 107,621 |
| General and administrative | 135,482 | 125,838 | 107,624 |
| Restructuring | 8,690 | — | — |
| Total costs and operating expenses | 611,730 | 499,399 | 424,612 |
| Income (loss) from operations | $11,295 | $(7,255) | $(21,518) |
| Other income (expense): | |||
| Interest expense | (3,526) | (538) | (372) |
| Interest income | 5,640 | 21,440 | 13,349 |
| Gain (loss) from remeasurement of foreign currency | 7,865 | (11,787) | 4,189 |
| Gain on available-for-sale debt securities | 166 | — | — |
| Total other income (expense), net | 10,145 | 9,115 | 17,166 |
| Income (loss) before income taxes | 21,440 | 1,860 | (4,352) |
| Provision for (benefit from) income taxes | 7,943 | (1,040) | 4,214 |
| Net income (loss) | $13,497 | $2,900 | $(8,566) |
| Other comprehensive income (loss): | |||
| Foreign currency translation adjustment | 4,707 | (3,594) | 3,232 |
| Unrealized (losses) gains on available-for-sale debt securities, net of taxes | (153) | 208 | — |
| Total other comprehensive income (loss) | 4,554 | (3,386) | 3,232 |
| Comprehensive income (loss) | $18,051 | $(486) | $(5,334) |
| Net income (loss) attributable to common stockholders – basic and diluted | $13,497 | $2,900 | $(8,566) |
| Net income (loss) per share attributable to common stockholders – basic | $0.11 | $0.02 | $(0.07) |
| Net income (loss) per share attributable to common stockholders – diluted | $0.11 | $0.02 | $(0.07) |
| Weighted average common shares outstanding – basic | 122,377,814 | 124,269,820 | 114,828,494 |
| Weighted average common shares outstanding – diluted | 127,747,476 | 129,339,462 | 114,828,494 |
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