Flywire Corp income statement
In fiscal 2025, Flywire Corp reported revenue of $623m, up 26.6% on the year before, operating income of $11.3m (a 1.8% margin) and net income of $13.5m, or $0.11 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 95 | 132 | 201 | 289 | 403 | 492 | 623 | 714 |
| Research and development | 15 | 25 | 31 | 50 | 62 | 67 | 70 | 74 |
| Selling and marketing | 27 | 33 | 51 | 78 | 108 | 129 | 157 | 161 |
| General and administrative | 34 | 43 | 62 | 83 | 108 | 126 | 135 | 151 |
| Operating income | −17 | −16 | −13 | −30 | −22 | −7 | 11 | 39 |
| Interest expense | 2 | 3 | 2 | 1 | 0 | 1 | 4 | 2 |
| Income before tax | −20 | −18 | −26 | −37 | −4 | 2 | 21 | 41 |
| Income tax | 1 | −7 | 2 | 2 | 4 | −1 | 8 | 7 |
| Net income | −20 | −11 | −28 | −39 | −9 | 3 | 13 | 34 |
| Diluted EPS | −$0.31 | −$0.15 | −$0.39 | −$0.36 | −$0.07 | $0.02 | $0.11 | $0.26 |
| Diluted shares (average) | 64m | 74m | 71m | 108m | 115m | 129m | 128m | 129m |
| EBITDA | −14 | −9 | −4 | −18 | −6 | 10 | 37 | 57 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 157 | 118 | 133 | 132 | 200 | 158 | 188 | 168 |
| Research and development | 17 | 17 | 17 | 17 | 18 | 19 | 19 | 18 |
| Selling and marketing | 34 | 33 | 37 | 38 | 42 | 40 | 40 | 39 |
| General and administrative | 31 | 31 | 33 | 30 | 36 | 36 | 40 | 38 |
| Operating income | 20 | −6 | −11 | −9 | 32 | −1 | 11 | −3 |
| Interest expense | 0 | 0 | 1 | 1 | 1 | 1 | 0 | 0 |
| Income before tax | 31 | −15 | −5 | −5 | 31 | 0 | 15 | −5 |
| Income tax | −8 | 1 | −1 | 7 | 2 | 0 | 2 | 3 |
| Net income | 39 | −16 | −4 | −12 | 30 | 0 | 13 | −8 |
| Diluted EPS | $0.30 | −$0.13 | −$0.03 | −$0.10 | $0.23 | $0.00 | $0.10 | −$0.07 |
| EBITDA | 21 | −1 | −5 | −8 | 34 | 6 | 19 | −1 |
Compare with peers
- Marqeta, Inc. income statement
- CPI Card Group Inc. income statement
- International Money Express, Inc. income statement
- Sezzle Inc. income statement
- Priority Technology Holdings, Inc. income statement
Head to head: FLYW vs MQFLYW vs PMTSFLYW vs IMXIFLYW vs PRTH
More: Transaction & Payment Processing Services stocks compared, Financials sector, rankings of US companies