Flywire Cash Flow 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
Net Income	-2.44	2.9	-8.57	-39.35	-28.09	-11.11
Depreciation & Amortization	19.09	13.76	12.86	10.7	8.2	6.69
Other Amortization	5.9	4.57	4.69	3.4	1.05	0.51
Stock-Based Compensation	70.01	64.93	43.73	30.26	18.93	3.84
Provision & Write-off of Bad Debts	1.67	-0.08	0.33	0.15	0.17	0.24
Other Operating Activities	-14.57	-10.98	0.75	-4.17	13.42	-2.28
Change in Accounts Receivable	-10.02	-10.06	-7.48	-2.25	-2.23	-1.96
Change in Accounts Payable	3.12	3.3	5.55	6.76	11.23	5.67
Change in Unearned Revenue	-0.95	-0.63	-0.87	-0.4	-0.16	-0.07
Change in Other Net Operating Assets	-12.67	23.74	29.64	0.32	-5.38	-15.76
Operating Cash Flow	59.54	91.47	80.63	5.43	17.13	-14.22
Operating Cash Flow Growth	-68.16%	13.45%	1385.63%	-68.32%	-	-
Capital Expenditures	-1.06	-0.92	-1.01	-1.35	-1.05	-2.14
Cash Acquisitions	-324.71	-45.23	-32.76	-17.59	-56.23	-79.4
Sale (Purchase) of Intangibles	-6.55	-5.32	-5	-5.72	-5.64	-
Investment in Securities	129.94	-164.33	-	-	-	-
Investing Cash Flow	-202.39	-215.8	-38.78	-24.66	-62.91	-81.54
Long-Term Debt Issued	-	-	-	-	25.94	4.17
Long-Term Debt Repaid	-	-	-	-25.94	-25	-4.17
Net Debt Issued (Repaid)	15	-	-	-25.94	0.94	-
Issuance of Common Stock	6.25	8.72	274.17	8.23	275.92	0.77
Repurchase of Common Stock	-89.23	-44.54	-8.48	-2.56	-	-
Other Financing Activities	-6.93	-1.82	-2.27	-3.7	-9.08	-1.48
Financing Cash Flow	-74.91	-37.63	263.42	-23.97	327.51	119.05
Foreign Exchange Rate Adjustments	7.64	2.6	-1.84	5.02	-1.42	-0.26
Net Cash Flow	-210.12	-159.37	303.43	-38.18	280.31	23.03
Free Cash Flow	58.48	90.54	79.62	4.07	16.08	-16.36
Free Cash Flow Growth	-68.58%	13.73%	1854.25%	-74.67%	-	-
Free Cash Flow Margin	10.03%	18.40%	19.75%	1.41%	7.99%	-12.42%
Free Cash Flow Per Share	0.47	0.70	0.69	0.04	0.23	-0.89
Cash Interest Paid	-	-	-	0.77	1.6	2.1
Levered Free Cash Flow	82.29	97.24	79.88	32.29	28.97	-11.1
Unlevered Free Cash Flow	84.25	97.58	80.12	33.04	30.23	-9.52
Change in Working Capital	-20.53	16.36	26.84	4.43	3.46	-12.12

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

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