Flywire Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

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

Updated Feb 24, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q