Flywire Corp
For the period ended Sep 30, 2026. Filed Nov 4, 2026.
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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, 2026 · Filed Nov 4, 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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Condensed Consolidated Statement Of Cash Flows
(Unaudited) (Amounts in thousands)
| Nine Months Ended September 30, | ||
|---|---|---|
| 2026 | 2025 | |
| Cash flows from operating activities: | ||
| Net income | $78,914 | $13,464 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Unrealized gain from remeasurement of foreign currency | (4,802) | (10,458) |
| Depreciation and amortization | 22,657 | 19,037 |
| Stock-based compensation expense | 52,097 | 53,473 |
| Amortization of deferred contract costs | 1,724 | 1,167 |
| Change in fair value of contingent consideration | 1,794 | (1,223) |
| Deferred tax benefit | (29,187) | (452) |
| Change in provision for uncollectible accounts | 2,011 | 1,629 |
| Amortization of debt issuance costs | 296 | 173 |
| Net accretion of discounts and amortization of premiums on investments | (19) | (612) |
| Changes in operating assets and liabilities, net of acquisitions: | ||
| Accounts receivable | (15,684) | (11,585) |
| Unbilled receivables | 1,247 | 2,105 |
| Funds receivable from payment partners | (1,542) | (42,686) |
| Prepaid expenses, other current assets and other assets | (22,902) | (21,304) |
| Funds payable to clients | 27,167 | 83,343 |
| Accounts payable, accrued expenses and other current liabilities | 14,441 | 7,537 |
| Contingent consideration | — | (74) |
| Other liabilities | (948) | 2,542 |
| Deferred revenue | 3,153 | (787) |
| Net cash provided by operating activities | 130,417 | 95,289 |
| Cash flows from investing activities: | ||
| Acquisitions of businesses, net of cash acquired | — | (324,921) |
| Assets acquisition | (3,229) | — |
| Purchase of short-term and long-term investments | — | (14,199) |
| Proceeds from the maturity and sale of short-term and long-term investments | 21,401 | 154,725 |
| Capitalization of internally developed software | (10,068) | (5,813) |
| Purchases of property and equipment | (621) | (960) |
| Net cash provided by (used in) investing activities | 7,483 | (191,168) |
| Cash flows from financing activities: | ||
| Proceeds from issuance of revolving credit facility | — | 125,000 |
| Payment of revolving credit facility | — | (110,000) |
| Payment of debt issuance costs | — | (758) |
| Contingent consideration paid for acquisitions | — | (4,139) |
| Payments of tax withholdings for net settled equity awards | (7,485) | (3,257) |
| Common stock repurchased including related costs | (30,523) | (64,319) |
| Non-voting common stock repurchased and retired | (29,036) | — |
| Proceeds from the issuance of stock under Employee Stock Purchase Plan | 1,592 | 2,527 |
| Proceeds from exercise of stock options | 2,908 | 2,064 |
| Deferred acquisition payment | (1,000) | (1,000) |
| Net cash used in financing activities | (63,544) | (53,882) |
| Effect of exchange rates changes on cash and cash equivalents | 2,514 | 9,433 |
| Net change in cash and cash equivalents | 76,870 | (140,328) |
| Cash and cash equivalents, beginning of period | 330,303 | 495,242 |
| Cash and cash equivalents, end of period | $407,173 | $354,914 |
| Supplemental disclosures of cash flow and noncash information | ||
| Purchase of property and equipment in accounts payable | 124 | 25 |
| Capitalized stock-based compensation expense | 2,313 | 1,630 |
| Accrued excise tax related to common stock repurchased | — | 319 |
| Cash paid for interest | — | 1,933 |
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