FLYWIRE CORPORATION
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Revenue | $623.0M | $492.1M | $403.1M | $289.4M | $201.1M | $131.8M | $94.9M |
| Transaction Revenue | — | — | $364.5M | $258.9M | $182.2M | $118.4M | $82.8M |
| Platform and Other Revenue | — | — | $38.6M | $30.5M | $18.9M | $13.4M | $12.1M |
| Cost of Revenue | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — |
| Operating Expenses | |||||||
| Research & Development | $70.2M | $66.6M | $62.0M | $50.3M | $31.3M | $24.5M | $15.0M |
| SG&A Expense | $135.5M | $125.8M | $107.6M | $82.9M | $61.6M | $42.7M | $34.0M |
| Operating Income | $11.3M | $-7.3M | $-21.5M | $-30.2M | $-13.3M | $-15.8M | $-17.5M |
| Operating Margin | 1.8% | -1.5% | -5.3% | -10.4% | -6.6% | -12.0% | -18.4% |
| Interest Expense | $3.5M | $500.0K | $372.0K | $1.2M | $2.0M | $2.5M | $2.5M |
| Pretax Income | $21.4M | $1.9M | $-4.4M | $-37.4M | $-25.9M | $-18.3M | $-19.6M |
| Income Tax Expense | $7.9M | $-1.0M | $4.2M | $2.0M | $2.2M | $-7.2M | $550.0K |
| Net Income | $13.5M | $2.9M | $-8.6M | $-39.3M | $-28.1M | $-11.1M | $-20.1M |
| Net Margin | 2.2% | 0.6% | -2.1% | -13.6% | -14.0% | -8.4% | -21.2% |
| EPS (Basic) | $0.11 | $0.02 | $-0.07 | $-0.36 | $-0.39 | $-0.15 | $-0.31 |
| EPS (Diluted) | $0.11 | $0.02 | $-0.07 | $-0.36 | $-0.39 | $-0.15 | $-0.31 |
| Shares Outstanding (Basic) | 122.4M | 124.3M | 114.8M | 107.9M | 71.2M | 73.6M | — |
| Shares Outstanding (Diluted) | 127.7M | 129.3M | 114.8M | 107.9M | 71.2M | 73.6M | — |
| Dividends Per Share | — | — | — | — | — | — | — |