Flywire Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Year	2023	2022	2021	2020	2019
Revenue	403.09	289.38	201.15	131.78	94.92
Revenue Growth (YoY)	39.30%	43.86%	52.64%	38.84%	-
Cost of Revenue	147.34	107.93	70.19	47.81	36.73
Gross Profit	255.76	181.44	130.96	83.98	58.19
Selling, General & Admin	215.25	161.41	112.92	75.29	60.64
Research & Development	62.03	50.26	31.3	24.5	15.01
Operating Expenses	277.27	211.66	144.22	99.79	75.65
Operating Income	-21.52	-30.22	-13.26	-15.82	-17.46
Interest Expense / Income	0.37	1.21	2.02	2.53	2.46
Other Expense / Income	-17.54	5.93	10.66	-0.06	-0.35
Pretax Income	-4.35	-37.36	-25.94	-18.29	-19.57
Income Tax	4.21	1.99	2.16	-7.17	0.55
Net Income	-8.57	-39.35	-28.1	-11.12	-20.12
Shares Outstanding (Basic)	115	108	71	18	16
Shares Outstanding (Diluted)	115	108	71	18	16
Shares Change	6.39%	51.66%	287.00%	14.46%	-
EPS (Basic)	-0.07	-0.36	-0.39	-0.60	-1.25
EPS (Diluted)	-0.07	-0.36	-0.39	-0.60	-1.25
Free Cash Flow	74.61	-1.64	10.45	-16.36	0.33
Free Cash Flow Per Share	0.65	-0.01	0.15	-0.89	0.02
Gross Margin	63.45%	62.70%	65.10%	63.72%	61.31%
Operating Margin	-5.34%	-10.44%	-6.59%	-12.00%	-18.39%
Profit Margin	-2.13%	-13.60%	-13.97%	-8.44%	-21.19%
Free Cash Flow Margin	18.51%	-0.57%	5.19%	-12.42%	0.34%
EBITDA	11.78	-23.84	-14.92	-8.96	-13.38
EBITDA Margin	2.92%	-8.24%	-7.42%	-6.80%	-14.09%
Depreciation & Amortization	15.76	12.3	9	6.79	3.73
EBIT	-3.98	-36.15	-23.92	-15.76	-17.11
EBIT Margin	-0.99%	-12.49%	-11.89%	-11.96%	-18.02%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).