Flywire Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	583.03	492.14	403.09	289.38	201.15	131.78
Revenue Growth (YoY)	22.71%	22.09%	39.30%	43.86%	52.64%	38.84%
Cost of Revenue	218.15	177.49	147.34	107.93	70.19	47.81
Gross Profit	364.88	314.65	255.76	181.44	130.96	83.98
Selling, General & Admin	279.42	255.15	214.07	163.01	109.96	68.39
Research & Development	69.04	66.64	61.53	49.16	31.3	24.5
Operating Expenses	348.22	321.79	275.59	212.17	141.25	92.89
Operating Income	16.66	-7.13	-19.84	-30.73	-10.29	-8.92
Interest Expense	-3.12	-0.54	-0.37	-1.21	-2.02	-2.53
Interest & Investment Income	9.66	21.44	13.35	3.24	-	0.1
Currency Exchange Gain (Loss)	-6.97	-11.79	4.19	-9.17	0.11	0.6
Other Non Operating Income (Expenses)	-	-	-	-	-10.76	-0.63
EBT Excluding Unusual Items	16.24	1.98	-2.67	-37.86	-22.96	-11.38
Merger & Restructuring Charges	-11.39	-1.1	-1.3	-2.3	-0.7	-1.5
Other Unusual Items	1.21	0.98	-0.38	2.81	-2.26	-5.4
Pretax Income	6.23	1.86	-4.35	-37.36	-25.93	-18.28
Income Tax Expense	8.66	-1.04	4.21	1.99	2.16	-7.17
Net Income	-2.44	2.9	-8.57	-39.35	-28.09	-11.11
Preferred Dividends & Other Adjustments	-	-	-	-	0.01	0.01
Net Income to Common	-2.44	2.9	-8.57	-39.35	-28.1	-11.12
Shares Outstanding (Basic)	123	124	115	108	71	18
Shares Outstanding (Diluted)	123	129	115	108	71	18
Shares Change (YoY)	-3.49%	12.64%	6.39%	51.66%	287.00%	14.46%
EPS (Basic)	-0.02	0.02	-0.07	-0.36	-0.39	-0.60
EPS (Diluted)	-0.02	0.02	-0.07	-0.36	-0.39	-0.60
Free Cash Flow	58.48	90.54	79.62	4.07	16.08	-16.36
Free Cash Flow Per Share	0.47	0.70	0.69	0.04	0.23	-0.89
Gross Margin	62.58%	63.93%	63.45%	62.70%	65.11%	63.72%
Operating Margin	2.86%	-1.45%	-4.92%	-10.62%	-5.12%	-6.77%
Profit Margin	-0.42%	0.59%	-2.13%	-13.60%	-13.97%	-8.44%
Free Cash Flow Margin	10.03%	18.40%	19.75%	1.41%	7.99%	-12.42%
EBITDA	35.75	6.63	-6.97	-20.02	-2.1	-2.22
EBITDA Margin	6.13%	1.35%	-1.73%	-6.92%	-1.04%	-1.69%
D&A For EBITDA	19.09	13.76	12.86	10.7	8.2	6.69
EBIT	16.66	-7.13	-19.84	-30.73	-10.29	-8.92
EBIT Margin	2.86%	-1.45%	-4.92%	-10.62%	-5.12%	-6.77%
Advertising Expenses	-	7.5	6.6	4.9	3.2	1.3

Updated Nov 4, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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