Flywire Corp
For the period ended Mar 31, 2026. Filed May 6, 2026.
View on SEC.govAbout this filing
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.
Mar 31, 2026 · Filed May 6, 2026
FLYW$22.35+1.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Cash Flows
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
(Unaudited) (Amounts in thousands)
| Three Months Ended March 31, | ||
|---|---|---|
| 2026 | 2025 | |
| Cash flows from operating activities: | ||
| Net income (loss) | $12,518 | $(4,160) |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: | ||
| Unrealized gain on foreign exchange rates | (4,603) | (4,712) |
| Depreciation and amortization | 8,016 | 5,502 |
| Stock-based compensation expense | 17,537 | 18,218 |
| Amortization of deferred contract costs | 550 | 376 |
| Change in fair value of contingent consideration | 1,237 | 165 |
| Deferred tax provision | (662) | 1,174 |
| Change in provision for uncollectible accounts | 147 | 28 |
| Non-cash interest income | — | (508) |
| Amortization of debt issuance costs | 99 | 46 |
| Net accretion of discounts and amortization of premiums on investments | (7) | (457) |
| Changes in operating assets and liabilities, net of acquisitions: | ||
| Accounts receivable | (5,643) | (3,623) |
| Unbilled receivables | 5,692 | 4,221 |
| Funds receivable from payment partners | 63,663 | 26,452 |
| Prepaid expenses, other current assets and other assets | (3,950) | (8,577) |
| Funds payable to clients | (109,600) | (108,992) |
| Accounts payable, accrued expenses and other current liabilities | (3,156) | (5,135) |
| Other liabilities | (390) | (246) |
| Deferred revenue | 2,704 | (566) |
| Net cash used in operating activities | (15,848) | (80,794) |
| Cash flows from investing activities: | ||
| Acquisitions of businesses, net of cash acquired | — | (319,835) |
| Purchase of short-term and long-term investments | — | (14,795) |
| Proceeds from the maturity and sale of short-term and long-term investments | 11,273 | 98,712 |
| Capitalization of internally developed software | (3,426) | (1,310) |
| Purchases of property and equipment | (139) | (187) |
| Net cash provided by (used in) investing activities | 7,708 | (237,415) |
| Cash flows from financing activities: | ||
| Proceeds from issuance of revolving credit facility | — | 125,000 |
| Payment of revolving credit facility | — | (65,000) |
| Payments of tax withholdings for net settled equity awards | (3,460) | (1,676) |
| Common stock repurchased | (10,031) | (49,304) |
| Proceeds from the issuance of stock under Employee Stock Purchase Plan | — | 1,242 |
| Proceeds from exercise of stock options | 931 | 1,377 |
| Net cash (used in) provided by financing activities | (12,560) | 11,639 |
| Effect of exchange rates changes on cash and cash equivalents | 2,290 | 1,835 |
| Net change in cash and cash equivalents | (18,410) | (304,735) |
| Cash and cash equivalents, beginning of period | 330,303 | 495,242 |
| Cash and cash equivalents, end of period | $311,893 | $190,507 |
| Supplemental disclosures of cash flow and noncash information | ||
| Purchase of property and equipment in accounts payable | 77 | 79 |
| Accrued excise tax related to common stock repurchased | — | 479 |
| Capitalized stock-based compensation expense | 497 | 360 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.