Flywire Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	677.69	623.03	492.14	403.09	289.38	201.15
Revenue Growth (YoY)	32.49%	26.59%	22.09%	39.30%	43.86%	52.64%
Cost of Revenue	267.25	240.36	177.49	147.34	107.93	70.19
Gross Profit	410.44	382.67	314.65	255.76	181.44	130.96
Selling, General & Admin	303.29	292.47	255.27	215.25	161.41	112.92
Research & Development	72.73	70.21	66.64	62.03	50.26	31.3
Other Operating Expenses	1.35	8.69	-	-	-	-
Total Operating Expenses	377.37	371.37	321.91	277.27	211.66	144.22
Operating Income	33.07	11.3	-7.26	-21.52	-30.22	-13.26
Interest Income	3.62	5.64	21.44	13.35	3.24	-
Interest Expense	-3.11	-3.53	-0.54	-0.37	-1.21	-2.02
Other Non-Operating Income (Expense)	7.59	8.03	-11.79	4.19	-9.17	-10.65
Total Non-Operating Income (Expense)	8.11	10.15	9.12	17.17	-7.14	-12.67
Pretax Income	41.17	21.44	1.86	-4.35	-37.36	-25.93
Provision for Income Taxes	11	7.94	-1.04	4.21	1.99	2.16
Net Income	30.18	13.5	2.9	-8.57	-39.35	-28.1
Net Income to Common	30.18	13.5	2.9	-8.57	-39.35	-28.1
Net Income Growth	508.73%	365.41%	-	-	-	-
Shares Outstanding (Basic)	122	122	124	115	108	71
Shares Outstanding (Diluted)	126	128	129	115	108	71
Shares Change (YoY)	-0.02%	-1.23%	12.64%	6.39%	51.66%	287.00%
EPS (Basic)	0.24	0.11	0.02	-0.07	-0.36	-0.39
EPS (Diluted)	0.23	0.11	0.02	-0.07	-0.36	-0.39
EPS Growth	475.00%	450.00%	-	-	-	-
Shares Outstanding	123.32	121.96	124.06	122.57	109.35	106.44
Free Cash Flow	163.82	98.83	97.75	75.34	4.07	16.08
Free Cash Flow Growth	65.77%	1.10%	29.74%	1749.21%	-74.67%	-
Free Cash Flow Per Share	1.30	0.77	0.76	0.66	0.04	0.23
Gross Margin	60.56%	61.42%	63.94%	63.45%	62.70%	65.11%
Operating Margin	4.88%	1.81%	-1.47%	-5.34%	-10.44%	-6.59%
Profit Margin	4.45%	2.17%	0.59%	-2.13%	-13.60%	-13.96%
FCF Margin	24.17%	15.86%	19.86%	18.69%	1.41%	8.00%
EBITDA	61.64	37.35	10.11	-5.75	-17.92	-4.26
EBITDA Margin	9.10%	6.00%	2.05%	-1.43%	-6.19%	-2.12%
EBIT	33.07	11.3	-7.26	-21.52	-30.22	-13.26
EBIT Margin	4.88%	1.81%	-1.47%	-5.34%	-10.44%	-6.59%
Effective Tax Rate	26.71%	37.05%	-55.91%	-96.83%	-5.32%	-8.32%

Updated May 5, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q