Flywire (FLYW) Financials

$11.48 -0.33 (-2.79%)

Closing price 04:00 PM Eastern

Extended Trading

$11.58 +0.09 (+0.83%)

As of 04:48 PM Eastern

Annual Income Statements for Flywire

This table shows Flywire's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019
Net Income / (Loss) Attributable to Common Shareholders	2.90	-8.57	-39	-28	-11	-20
Consolidated Net Income / (Loss)	2.90	-8.57	-39	-28	-11	-20
Net Income / (Loss) Continuing Operations	2.90	-8.57	-39	-28	-11	-20
Total Pre-Tax Income	1.86	-4.35	-37	-26	-18	-20
Total Operating Income	-7.26	-22	-30	-13	-16	-17
Total Gross Profit	492	403	289	201	84	95
Total Revenue	492	403	289	201	132	95
Operating Revenue	492	403	289	201	132	95
Total Cost of Revenue	0.00	0.00	0.00	0.00	48	0.00
Total Operating Expenses	499	425	320	214	100	112
Selling, General & Admin Expense	126	108	83	62	43	34
Marketing Expense	129	108	78	51	33	27
Research & Development Expense	67	62	50	31	25	15
Other Operating Expenses / (Income)	177	147	108	70	-	37
Total Other Income / (Expense), net	9.12	17	-7.14	-13	-2.46	-2.11
Interest Expense	0.54	0.37	1.21	2.02	2.53	2.46
Interest & Investment Income	21	13	3.24	0.00	-	-
Other Income / (Expense), net	-12	4.19	-9.17	-11	0.07	0.35
Income Tax Expense	-1.04	4.21	1.99	2.16	-7.17	0.55
Basic Earnings per Share	$0.02	($0.07)	($0.36)	($0.39)	($0.60)	($1.25)
Weighted Average Basic Shares Outstanding	124.27M	114.83M	107.94M	71.17M	18.39M	16.07M
Diluted Earnings per Share	$0.02	($0.07)	($0.36)	($0.39)	($0.60)	($20,116,000.00)
Weighted Average Diluted Shares Outstanding	129.34M	114.83M	107.94M	71.17M	18.39M	16.07M
Weighted Average Basic & Diluted Shares Outstanding	123.59M	122.83M	108.14M	71.17M	18.39M	16.07M

This table shows Flywire's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	-4.16	-16	39	-14	-6.22	1.29	11	-17	-3.68	-1.13	-4.27
Consolidated Net Income / (Loss)	-4.16	-16	39	-14	-6.22	1.29	11	-17	-3.68	-1.13	-4.27
Net Income / (Loss) Continuing Operations	-4.16	-16	39	-14	-6.22	1.29	11	-17	-3.68	-1.13	-4.27
Total Pre-Tax Income	-5.04	-15	31	-9.20	-4.60	3.23	11	-16	-3.27	-2.00	-3.00
Total Operating Income	-11	-5.78	20	-16	-5.96	-10	12	-17	-6.57	-9.37	3.65
Total Gross Profit	133	172	102	104	114	143	80	85	94	73	95
Total Revenue	133	118	157	104	114	101	123	85	94	73	95
Operating Revenue	133	118	157	104	114	101	123	85	94	73	95
Total Cost of Revenue	0.00	-55	55	0.00	0.00	-43	43	0.00	0.00	-	0.00
Total Operating Expenses	144	178	82	119	120	153	69	102	101	82	92
Selling, General & Admin Expense	33	31	31	32	32	28	27	25	28	20	24
Marketing Expense	37	33	34	32	30	29	27	27	24	20	22
Research & Development Expense	17	17	17	16	17	17	15	16	15	13	13
Other Operating Expenses / (Income)	51	-	-	40	42	-	-	34	34	30	32
Restructuring Charge	7.34	-	-	-	-	-	-	-	-	-	-
Total Other Income / (Expense), net	5.94	-9.13	10	6.58	1.36	13	-0.49	1.10	3.30	7.38	-6.65
Interest Expense	0.72	0.14	0.13	0.13	0.14	0.09	0.10	0.08	0.10	0.33	0.40
Interest & Investment Income	2.93	4.87	4.97	5.72	5.88	5.64	3.84	1.94	1.94	1.79	1.27
Other Income / (Expense), net	3.73	-14	5.46	1.00	-4.38	7.71	-4.23	-0.76	1.47	5.92	-7.52
Income Tax Expense	-0.88	1.00	-8.33	4.68	1.62	1.94	0.75	1.11	0.42	-0.87	1.28
Basic Earnings per Share	($0.03)	($0.13)	$0.31	($0.11)	($0.05)	$0.02	$0.09	($0.15)	($0.03)	-	($0.04)
Weighted Average Basic Shares Outstanding	123.24M	124.27M	124.89M	124.56M	123.14M	114.83M	116.49M	111.13M	109.79M	107.94M	107.93M
Diluted Earnings per Share	($0.03)	($0.12)	$0.30	($0.11)	($0.05)	$0.03	$0.08	($0.15)	($0.03)	-	($0.04)
Weighted Average Diluted Shares Outstanding	123.24M	129.34M	129.16M	124.56M	123.14M	114.83M	125.48M	111.13M	109.79M	107.94M	107.93M
Weighted Average Basic & Diluted Shares Outstanding	121.56M	123.59M	124.42M	125.26M	124.20M	122.83M	121.41M	112.17M	110.76M	108.14M	109.00M

This table details how cash moves in and out of Flywire's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019
Net Change in Cash & Equivalents	-162	303	-43	280	23	-3.58
Net Cash From Operating Activities	91	81	5.43	17	-14	4.07
Net Cash From Continuing Operating Activities	91	81	5.43	17	-14	4.07
Net Income / (Loss) Continuing Operations	2.90	-8.57	-39	-28	-11	-20
Consolidated Net Income / (Loss)	2.90	-8.57	-39	-28	-11	-20
Depreciation Expense	17	16	12	9.00	6.79	3.73
Amortization Expense	0.97	1.79	1.80	0.25	0.41	0.00
Non-Cash Adjustments To Reconcile Net Income	83	-12	-2.09	23	4.53	2.58
Changes in Operating Assets and Liabilities, net	-12	84	33	13	-15	18
Net Cash From Investing Activities	-216	-39	-25	-63	-82	-3.75
Net Cash From Continuing Investing Activities	-216	-39	-25	-63	-82	-3.75
Purchase of Property, Plant & Equipment	-0.92	-1.01	-1.35	-1.05	-2.14	-3.75
Acquisitions	-45	-33	-18	-56	-79	0.00
Purchase of Investments	-194	0.00	0.00	-	-	-
Sale and/or Maturity of Investments	30	0.00	0.00	-	-	-
Other Investing Activities, net	-5.32	-5.00	-5.72	-5.64	0.00	-
Net Cash From Financing Activities	-38	263	-24	328	119	-3.92
Net Cash From Continuing Financing Activities	-38	262	-24	328	119	-0.62
Repayment of Debt	-0.78	0.00	-26	-25	-4.34	0.00
Repurchase of Common Equity	-44	0.00	0.00	-4.86	0.00	-0.30
Issuance of Common Equity	3.11	-	1.27	269	0.00	0.00
Other Financing Activities, net	3.78	0.67	0.70	3.42	-0.53	-14
Cash Interest Paid	0.00	0.00	0.77	1.60	2.10	1.85

This table details how cash moves in and out of Flywire's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-305	-72	26	-78	-37	16	310	-2.22	-21	5.57	-16
Net Cash From Operating Activities	-79	-41	190	-19	-38	60	47	-4.81	-21	33	-0.14
Net Cash From Continuing Operating Activities	-79	-41	190	-19	-38	60	47	-4.81	-21	33	-0.14
Net Income / (Loss) Continuing Operations	-4.16	-16	39	-14	-6.22	1.29	11	-17	-3.68	-1.13	-4.27
Consolidated Net Income / (Loss)	-4.16	-16	39	-14	-6.22	1.29	11	-17	-3.68	-1.13	-4.27
Depreciation Expense	5.50	4.65	4.25	4.20	4.26	3.99	3.90	4.15	3.73	3.12	3.40
Amortization Expense	0.38	1.20	-0.60	0.13	0.24	1.42	0.14	0.12	0.11	1.56	0.08
Non-Cash Adjustments To Reconcile Net Income	44	51	-29	8.26	53	-26	-26	-2.71	43	-18	6.56
Changes in Operating Assets and Liabilities, net	-124	-82	177	-18	-89	79	58	10	-64	48	-5.91
Net Cash From Investing Activities	-238	-10	-143	-61	-1.51	-34	-1.61	-1.63	-1.85	-2.10	-19
Net Cash From Continuing Investing Activities	-238	-10	-143	-61	-1.51	-34	-1.61	-1.63	-1.85	-3.01	-18
Purchase of Property, Plant & Equipment	-0.19	-0.10	-0.22	-0.35	-0.26	-0.07	-0.27	-0.19	-0.48	-0.29	-0.31
Acquisitions	-320	0.21	-	-	-	-33	-	-	-	-1.12	-16
Purchase of Investments	-15	-33	-102	-	-	-	-	-	-	-	-
Sale and/or Maturity of Investments	99	24	5.71	-	-	-	-	-	-	-	-
Other Investing Activities, net	-1.31	-0.74	-1.28	-2.05	-1.26	-0.86	-1.34	-1.44	-1.37	-1.59	-1.24
Net Cash From Financing Activities	12	-21	-20	1.61	2.25	-7.26	265	3.90	1.80	-25	2.39
Net Cash From Continuing Financing Activities	12	-21	-20	1.61	2.25	-8.89	265	3.90	1.80	-25	2.39
Repayment of Debt	-65	-	-	-	-0.78	-	-	-	0.00	-	-
Repurchase of Common Equity	-49	-21	-	-	-	-	-	-	-	-	-
Issuance of Debt	125	-	-	-	-	-	-	-	-	-	-
Issuance of Common Equity	1.24	-	1.69	-	1.42	-	1.83	-	0.86	-	1.27
Other Financing Activities, net	-0.30	-0.17	0.73	1.61	1.62	-6.20	2.03	3.90	0.94	1.36	1.12

This table presents Flywire's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020
Total Assets	1,122	1,080	674	640	271
Total Current Assets	763	816	451	444	149
Cash & Equivalents	495	655	349	385	104
Restricted Cash	0.00	0.00	2.00	4.00	5.00
Short-Term Investments	116	0.00	-	-	-
Accounts Receivable	129	143	82	45	36
Prepaid Expenses	23	18	18	9.83	3.75
Plant, Property, & Equipment, net	17	15	13	9.44	5.10
Total Noncurrent Assets	342	249	210	187	118
Long-Term Investments	50	0.00	-	-	-
Goodwill	150	122	98	86	45
Intangible Assets	119	108	98	94	68
Other Noncurrent Operating Assets	24	19	15	7.18	4.92
Total Liabilities & Shareholders' Equity	1,122	1,080	674	640	271
Total Liabilities	308	294	192	60	123
Total Current Liabilities	290	274	177	117	88
Accounts Payable	15	13	13	10	65
Accrued Expenses	49	43	34	23	15
Current Deferred Revenue	7.34	6.97	5.22	5.49	1.23
Other Current Liabilities	218	211	124	-	-
Total Noncurrent Liabilities	18	20	15	14	35
Noncurrent Deferred & Payable Income Tax Liabilities	13	15	12	8.40	0.48
Other Noncurrent Operating Liabilities	5.26	4.43	2.96	5.83	9.82
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	815	786	482	482	-82
Total Preferred & Common Equity	815	786	482	482	-82
Preferred Stock	0.00	0.00	0.00	0.00	0.00
Total Common Equity	815	786	482	482	-82
Common Stock	1,034	959	650	609	17
Retained Earnings	-171	-174	-165	-126	-98
Treasury Stock	-46	-0.75	-0.75	-0.75	-0.75
Accumulated Other Comprehensive Income / (Loss)	-2.07	1.32	-1.91	-0.40	-0.21
Other Equity Adjustments	0.00	0.00	0.00	0.00	0.00

This table presents Flywire's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	1,060	1,240	999	999	982	639	621	641
Total Current Assets	397	876	711	739	762	414	396	423
Cash & Equivalents	191	565	539	619	638	328	327	349
Short-Term Investments	65	116	32	-	-	-	-	-
Accounts Receivable	109	170	118	104	105	69	51	58
Prepaid Expenses	32	25	22	16	19	16	16	14
Plant, Property, & Equipment, net	17	18	17	16	15	15	14	12
Total Noncurrent Assets	646	347	271	244	205	210	211	206
Long-Term Investments	18	40	27	-	-	-	-	-
Goodwill	403	156	121	120	97	99	98	95
Intangible Assets	202	127	101	103	88	93	95	97
Other Noncurrent Operating Assets	24	23	22	21	19	19	17	14
Total Liabilities & Shareholders' Equity	1,060	1,240	999	999	982	639	621	641
Total Liabilities	276	397	196	202	207	147	131	167
Total Current Liabilities	196	375	177	183	192	132	116	123
Accounts Payable	15	23	14	15	18	12	78	85
Accrued Expenses	53	46	44	37	38	35	34	30
Current Deferred Revenue	21	7.69	4.18	5.62	3.81	2.85	3.76	4.76
Other Current Liabilities	107	298	116	124	132	82	-	-
Total Noncurrent Liabilities	80	21	19	19	15	16	15	44
Long-Term Debt	60	-	-	-	-	-	0.00	26
Noncurrent Deferred & Payable Income Tax Liabilities	13	16	15	15	11	12	12	13
Other Noncurrent Operating Liabilities	6.94	5.87	3.99	4.64	3.72	3.91	2.49	5.12
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	784	843	803	797	775	491	490	475
Total Preferred & Common Equity	784	843	803	797	775	491	490	475
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	784	843	803	797	775	491	490	475
Common Stock	1,053	1,016	997	978	954	677	662	640
Retained Earnings	-175	-155	-194	-180	-175	-186	-169	-164
Treasury Stock	-94	-24	-0.74	-0.74	-0.75	-0.75	-0.75	-0.75
Accumulated Other Comprehensive Income / (Loss)	0.48	5.71	0.10	-0.04	-2.41	0.17	-2.28	-0.81
Other Equity Adjustments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

This table displays calculated financial ratios and metrics derived from Flywire's official financial filings.

Metric	2024	2023	2022	2021	2020	2019
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019
Growth Metrics	-	-	-	-	-	-
Revenue Growth	22.09%	39.30%	43.86%	52.64%	38.84%	0.00%
EBITDA Growth	-415.63%	100.89%	-72.47%	-71.80%	36.20%	0.00%
EBIT Growth	-9.89%	56.01%	-64.78%	-51.85%	7.97%	0.00%
NOPAT Growth	24.90%	28.80%	-127.96%	16.17%	9.41%	0.00%
Net Income Growth	133.85%	78.23%	-40.10%	-152.86%	44.79%	0.00%
EPS Growth	128.57%	80.56%	7.69%	35.00%	100.00%	0.00%
Operating Cash Flow Growth	13.45%	1,385.63%	-68.32%	220.45%	-449.20%	0.00%
Free Cash Flow Firm Growth	-110.50%	-134.51%	133.61%	-67.61%	0.00%	0.00%
Invested Capital Growth	16.76%	0.60%	-33.91%	180.78%	0.00%	0.00%
Revenue Q/Q Growth	3.58%	7.32%	8.09%	0.00%	0.00%	0.00%
EBITDA Q/Q Growth	-104.37%	113.58%	25.02%	0.00%	0.00%	0.00%
EBIT Q/Q Growth	-1,005.81%	6.15%	13.70%	0.00%	0.00%	0.00%
NOPAT Q/Q Growth	2.18%	-3.15%	3.07%	0.00%	0.00%	0.00%
Net Income Q/Q Growth	-85.56%	22.00%	20.51%	0.00%	0.00%	0.00%
EPS Q/Q Growth	-88.24%	30.00%	-414.29%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	-52.53%	49.22%	115.33%	-55.09%	0.00%	0.00%
Free Cash Flow Firm Q/Q Growth	-980.73%	-4,288.63%	0.00%	0.00%	0.00%	0.00%
Invested Capital Q/Q Growth	26.11%	-4.09%	-14.05%	0.00%	0.00%	0.00%
Profitability Metrics	-	-	-	-	-	-
Gross Margin	100.00%	100.00%	100.00%	100.00%	63.72%	100.00%
EBITDA Margin	-0.14%	0.06%	-8.74%	-7.29%	-6.48%	-14.09%
Operating Margin	-1.47%	-5.34%	-10.44%	-6.59%	-12.00%	-18.39%
EBIT Margin	-3.87%	-4.30%	-13.61%	-11.88%	-11.95%	-18.02%
Profit (Net Income) Margin	0.59%	-2.13%	-13.60%	-13.96%	-8.43%	-21.19%
Tax Burden Percent	155.91%	196.83%	105.32%	108.32%	60.77%	102.81%
Interest Burden Percent	-9.77%	25.11%	94.84%	108.45%	116.09%	114.37%
Effective Tax Rate	-55.91%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	-7.94%	-11.49%	-12.88%	-6.92%	-31.43%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	-10.10%	-12.78%	-7.15%	3.46%	-31.34%	0.00%
Return on Net Nonoperating Assets (RNNOA)	8.30%	10.14%	4.72%	-1.99%	16.46%	0.00%
Return on Equity (ROE)	0.36%	-1.35%	-8.16%	-8.91%	-14.97%	0.00%
Cash Return on Invested Capital (CROIC)	-23.40%	-12.09%	27.96%	-101.87%	-231.43%	0.00%
Operating Return on Assets (OROA)	-1.73%	-1.98%	-6.00%	-5.25%	-5.80%	0.00%
Return on Assets (ROA)	0.26%	-0.98%	-5.99%	-6.16%	-4.09%	0.00%
Return on Common Equity (ROCE)	0.36%	-1.35%	-8.16%	-5.66%	8.25%	0.00%
Return on Equity Simple (ROE_SIMPLE)	0.36%	-1.09%	-8.16%	-5.82%	13.58%	0.00%
Net Operating Profit after Tax (NOPAT)	-11	-15	-21	-9.28	-11	-12
NOPAT Margin	-2.30%	-3.74%	-7.31%	-4.61%	-8.40%	-12.87%
Net Nonoperating Expense Percent (NNEP)	2.16%	1.29%	-5.72%	-10.38%	-0.09%	0.00%
Return On Investment Capital (ROIC_SIMPLE)	-1.39%	-1.92%	-4.39%	-	-	-
Cost of Revenue to Revenue	0.00%	0.00%	0.00%	0.00%	36.28%	0.00%
SG&A Expenses to Revenue	25.57%	26.70%	28.66%	30.64%	32.39%	35.86%
R&D to Revenue	13.54%	15.39%	17.37%	15.56%	18.59%	15.81%
Operating Expenses to Revenue	101.47%	105.34%	110.44%	106.59%	75.73%	118.39%
Earnings before Interest and Taxes (EBIT)	-19	-17	-39	-24	-16	-17
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-0.71	0.22	-25	-15	-8.54	-13
Valuation Ratios	-	-	-	-	-	-
Price to Book Value (P/BV)	3.15	3.58	5.53	8.26	0.00	0.00
Price to Tangible Book Value (P/TBV)	4.69	5.05	9.31	13.16	0.00	0.00
Price to Revenue (P/Rev)	5.21	6.97	9.22	19.81	1.90	2.64
Price to Earnings (P/E)	884.65	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.11%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	12.40	16.40	17.72	18.21	5.72	0.00
Enterprise Value to Revenue (EV/Rev)	3.87	5.35	8.00	17.91	3.06	0.00
Enterprise Value to EBITDA (EV/EBITDA)	0.00	9,625.48	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	20.82	26.74	426.76	210.29	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	50.44	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.02	0.21	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.16	0.00
Financial Leverage	-0.82	-0.79	-0.66	-0.57	-0.53	0.00
Leverage Ratio	1.38	1.38	1.36	1.45	1.83	0.00
Compound Leverage Factor	-0.13	0.35	1.29	1.57	2.12	0.00
Debt to Total Capital	0.00%	0.00%	0.00%	1.58%	17.32%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	1.58%	3.75%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	13.57%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	128.23%	0.00%
Common Equity to Total Capital	100.00%	100.00%	100.00%	98.42%	-45.55%	0.00%
Debt to EBITDA	0.00	0.00	0.00	-0.53	-3.64	0.00
Net Debt to EBITDA	0.00	0.00	0.00	26.03	9.13	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	-2.85	0.00
Debt to NOPAT	0.00	0.00	0.00	-0.83	-2.81	0.00
Net Debt to NOPAT	0.00	0.00	0.00	41.13	7.04	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	-2.20	0.00
Altman Z-Score	5.68	6.44	8.70	40.10	1.28	0.00
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	36.50%	155.09%	0.00%
Liquidity Ratios	-	-	-	-	-	-
Current Ratio	2.63	2.98	2.54	3.78	1.68	0.00
Quick Ratio	2.55	2.91	2.43	3.66	1.58	0.00
Cash Flow Metrics	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-33	-16	46	-137	-82	0.00
Operating Cash Flow to CapEx	9,899.13%	7,990.58%	401.11%	1,633.08%	-664.32%	108.67%
Free Cash Flow to Firm to Interest Expense	-62.00	-42.60	37.92	-67.61	-32.18	0.00
Operating Cash Flow to Interest Expense	170.01	216.73	4.48	8.48	-5.62	1.66
Operating Cash Flow Less CapEx to Interest Expense	168.30	214.02	3.36	7.96	-6.46	0.13
Efficiency Ratios	-	-	-	-	-	-
Asset Turnover	0.45	0.46	0.44	0.44	0.49	0.00
Accounts Receivable Turnover	3.62	3.59	4.57	5.01	3.69	0.00
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	30.48	28.34	25.43	27.66	25.83	0.00
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.73	0.00
Days Sales Outstanding (DSO)	100.91	101.77	79.80	72.90	99.02	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	499.51	0.00
Cash Conversion Cycle (CCC)	100.91	101.77	79.80	72.90	-400.49	0.00
Capital & Investment Metrics	-	-	-	-	-	-
Invested Capital	154	132	131	198	70	0.00
Invested Capital Turnover	3.45	3.07	1.76	1.50	3.74	0.00
Increase / (Decrease) in Invested Capital	22	0.78	-67	127	70	0.00
Enterprise Value (EV)	1,904	2,156	2,316	3,603	403	0.00
Market Capitalization	2,565	2,811	2,667	3,984	251	251
Book Value per Share	$6.55	$6.47	$4.42	$4.61	($4.45)	$0.00
Tangible Book Value per Share	$4.39	$4.58	$2.63	$2.89	($10.58)	$0.00
Total Capital	815	786	482	490	180	0.00
Total Debt	0.00	0.00	0.00	7.72	31	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.00	24	0.00
Net Debt	-661	-655	-351	-382	-78	0.00
Capital Expenditures (CapEx)	0.92	1.01	1.35	1.05	2.14	3.75
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-138	-113	-78	-55	-42	0.00
Debt-free Net Working Capital (DFNWC)	473	542	273	334	67	0.00
Net Working Capital (NWC)	473	542	273	326	60	0.00
Net Nonoperating Expense (NNE)	-14	-6.50	18	19	0.04	7.90
Net Nonoperating Obligations (NNO)	-661	-655	-351	-284	-78	0.00
Total Depreciation and Amortization (D&A)	18	18	14	9.24	7.21	3.73
Debt-free, Cash-free Net Working Capital to Revenue	-28.04%	-27.96%	-26.89%	-27.51%	-31.97%	0.00%
Debt-free Net Working Capital to Revenue	96.13%	134.43%	94.47%	166.06%	50.78%	0.00%
Net Working Capital to Revenue	96.13%	134.43%	94.47%	162.22%	45.66%	0.00%
Earnings Adjustments	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.02	($0.07)	($0.36)	($0.39)	$0.00	$0.00
Adjusted Weighted Average Basic Shares Outstanding	124.27M	114.83M	107.94M	107.01M	0.00	0.00
Adjusted Diluted Earnings per Share	$0.02	($0.07)	($0.36)	($28,098,000.00)	$0.00	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	129.34M	114.83M	107.94M	107.01M	0.00	0.00
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	($28,098,000.00)	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	123.59M	122.83M	108.14M	71.17M	0.00	0.00
Normalized Net Operating Profit after Tax (NOPAT)	-5.08	-15	-21	-9.28	-11	-12
Normalized NOPAT Margin	-1.03%	-3.74%	-7.31%	-4.61%	-8.40%	-12.87%
Pre Tax Income Margin	0.38%	-1.08%	-12.91%	-12.89%	-13.87%	-20.61%
Debt Service Ratios	-	-	-	-	-	-
EBIT to Interest Expense	-35.39	-46.58	-32.53	-11.83	-6.22	-6.96
NOPAT to Interest Expense	-21.03	-40.49	-17.47	-4.59	-4.37	-4.97
EBIT Less CapEx to Interest Expense	-37.11	-49.30	-33.65	-12.35	-7.06	-8.48
NOPAT Less CapEx to Interest Expense	-22.74	-43.20	-18.59	-5.11	-5.22	-6.49
Payout Ratios	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	1,508.28%	0.00%	0.00%	-17.30%	0.00%	-1.47%

This table displays calculated financial ratios and metrics derived from Flywire's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	16.96%	16.91%	27.16%	22.16%	20.93%	37.63%	29.50%	50.11%	46.17%	42.14%	40.49%
EBITDA Growth	76.43%	-546.13%	151.27%	21.40%	-364.07%	153.78%	3,144.27%	32.08%	80.77%	116.87%	-102.90%
EBIT Growth	29.84%	-746.23%	236.17%	15.79%	-102.81%	32.84%	297.85%	22.41%	45.94%	64.42%	-135.54%
NOPAT Growth	-84.27%	-1.02%	132.32%	6.07%	9.21%	38.99%	334.27%	3.39%	7.55%	9.26%	-76.16%
Net Income Growth	33.09%	-1,335.35%	265.46%	17.44%	-68.80%	213.99%	349.13%	29.35%	63.71%	89.99%	-142.75%
EPS Growth	40.00%	-500.00%	275.00%	26.67%	-66.67%	0.00%	300.00%	31.82%	70.00%	0.00%	-150.00%
Operating Cash Flow Growth	-107.10%	-169.39%	309.08%	-302.02%	-82.74%	80.21%	34,062.77%	54.60%	-22.59%	532.04%	-101.22%
Free Cash Flow Firm Growth	-1,803.83%	-445.17%	57.74%	-11.64%	31.54%	-107.91%	132.03%	5.47%	78.04%	0.00%	-41.96%
Invested Capital Growth	220.76%	16.76%	-11.20%	25.66%	10.47%	0.60%	-9.85%	27.94%	19.37%	-33.91%	123.36%
Revenue Q/Q Growth	13.53%	-25.04%	51.25%	-9.14%	13.48%	-18.47%	45.31%	-10.06%	29.16%	-23.29%	68.44%
EBITDA Q/Q Growth	90.02%	-146.95%	381.01%	-79.05%	-288.87%	-73.56%	187.90%	-957.15%	-203.28%	417.19%	98.04%
EBIT Q/Q Growth	63.07%	-176.34%	273.96%	-43.04%	-345.45%	-130.33%	143.57%	-244.51%	-47.51%	10.65%	82.91%
NOPAT Q/Q Growth	-90.27%	-115.67%	333.39%	-164.75%	-718.61%	-136.05%	194.36%	-155.91%	29.91%	-356.60%	120.99%
Net Income Q/Q Growth	73.83%	-140.88%	380.23%	-123.26%	-583.06%	-87.91%	163.30%	-356.50%	-226.22%	73.57%	82.05%
EPS Q/Q Growth	75.00%	-140.00%	372.73%	-120.00%	-266.67%	-62.50%	153.33%	-400.00%	0.00%	0.00%	81.82%
Operating Cash Flow Q/Q Growth	-90.28%	-121.78%	1,085.15%	49.28%	-163.76%	28.41%	1,068.14%	76.95%	-162.87%	24,300.73%	98.71%
Free Cash Flow Firm Q/Q Growth	-1,435.67%	-163.40%	177.80%	-151.33%	-19,337.90%	-118.35%	155.06%	-54.12%	-150.79%	174.30%	-62.53%
Invested Capital Q/Q Growth	271.77%	26.11%	-40.56%	15.10%	35.33%	-4.09%	-15.89%	1.18%	23.24%	-14.05%	19.37%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	146.41%	65.21%	100.00%	100.00%	142.67%	65.21%	100.00%	100.00%	100.00%	100.00%
EBITDA Margin	-1.03%	-11.73%	18.73%	-10.08%	-5.12%	3.07%	9.48%	-15.67%	-1.33%	1.67%	-0.40%
Operating Margin	-8.23%	-4.91%	12.93%	-15.23%	-5.23%	-9.97%	9.64%	-19.80%	-6.96%	-12.83%	3.83%
EBIT Margin	-5.44%	-16.71%	16.41%	-14.26%	-9.06%	-2.31%	6.21%	-20.69%	-5.40%	-4.73%	-4.06%
Profit (Net Income) Margin	-3.12%	-13.53%	24.80%	-13.39%	-5.45%	1.28%	8.63%	-19.81%	-3.90%	-1.55%	-4.49%
Tax Burden Percent	82.47%	106.68%	127.24%	150.82%	135.09%	39.91%	93.40%	107.05%	112.77%	56.56%	142.64%
Interest Burden Percent	69.53%	75.88%	118.82%	62.23%	44.51%	-138.95%	148.90%	89.43%	64.06%	57.75%	77.43%
Effective Tax Rate	0.00%	0.00%	-27.24%	0.00%	0.00%	60.09%	6.60%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	-7.87%	-11.87%	60.37%	-25.59%	-9.12%	-12.24%	23.38%	-33.18%	-10.51%	-15.82%	6.53%
ROIC Less NNEP Spread (ROIC-NNEP)	-8.72%	-10.07%	58.45%	-24.98%	-8.69%	-13.29%	23.48%	-31.65%	-10.78%	-17.53%	8.37%
Return on Net Nonoperating Assets (RNNOA)	4.59%	8.28%	-49.10%	17.88%	6.40%	10.54%	-18.05%	22.01%	7.48%	11.55%	-6.45%
Return on Equity (ROE)	-3.28%	-3.60%	11.28%	-7.72%	-2.72%	-1.70%	5.34%	-11.16%	-3.02%	-4.26%	0.07%
Cash Return on Invested Capital (CROIC)	-116.40%	-23.40%	2.93%	85.63%	-18.58%	-12.09%	0.26%	-38.54%	-31.69%	27.96%	0.00%
Operating Return on Assets (OROA)	-2.70%	-7.47%	7.01%	-7.70%	-4.73%	-1.06%	2.87%	-11.56%	-2.80%	-2.08%	-1.72%
Return on Assets (ROA)	-1.55%	-6.05%	10.61%	-7.22%	-2.84%	0.59%	3.99%	-11.07%	-2.02%	-0.68%	-1.90%
Return on Common Equity (ROCE)	-3.28%	-3.60%	11.28%	-7.72%	-2.72%	-1.70%	5.34%	-11.16%	-3.02%	-4.26%	0.07%
Return on Equity Simple (ROE_SIMPLE)	0.63%	0.00%	2.38%	-1.02%	-1.39%	0.00%	-1.42%	-5.27%	-6.71%	0.00%	-10.43%
Net Operating Profit after Tax (NOPAT)	-7.69	-4.04	26	-11	-4.17	-4.00	11	-12	-4.60	-6.56	2.56
NOPAT Margin	-5.76%	-3.44%	16.45%	-10.66%	-3.66%	-3.98%	9.00%	-13.86%	-4.87%	-8.98%	2.68%
Net Nonoperating Expense Percent (NNEP)	0.85%	-1.80%	1.93%	-0.61%	-0.43%	1.05%	-0.10%	-1.52%	0.27%	1.71%	-1.84%
Return On Investment Capital (ROIC_SIMPLE)	-0.91%	-0.50%	-	-	-	-0.51%	-	-	-	-1.36%	-
Cost of Revenue to Revenue	0.00%	-46.41%	34.79%	0.00%	0.00%	-42.67%	34.79%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	24.77%	26.56%	19.81%	30.83%	27.69%	27.91%	21.78%	28.97%	29.79%	27.19%	25.46%
R&D to Revenue	12.67%	14.78%	10.65%	15.27%	14.67%	16.81%	11.83%	18.87%	15.39%	17.37%	14.06%
Operating Expenses to Revenue	108.23%	151.32%	52.28%	115.23%	105.23%	152.64%	55.58%	119.80%	106.96%	112.83%	96.17%
Earnings before Interest and Taxes (EBIT)	-7.25	-20	26	-15	-10	-2.32	7.65	-18	-5.10	-3.46	-3.87
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-1.38	-14	29	-10	-5.84	3.09	12	-13	-1.26	1.22	-0.38
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.50	3.15	2.43	2.54	3.78	3.58	4.61	7.00	6.59	5.53	5.24
Price to Tangible Book Value (P/TBV)	6.54	4.69	3.67	3.51	5.25	5.05	6.06	11.48	10.88	9.31	8.81
Price to Revenue (P/Rev)	2.30	5.21	4.32	4.61	7.12	6.97	9.52	9.89	10.12	9.22	9.29
Price to Earnings (P/E)	236.86	884.65	102.21	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.42%	0.11%	0.98%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.68	12.40	10.94	7.02	13.45	16.40	21.43	19.08	18.01	17.72	14.22
Enterprise Value to Revenue (EV/Rev)	1.88	3.87	2.80	3.26	5.66	5.35	7.82	8.95	9.09	8.00	8.08
Enterprise Value to EBITDA (EV/EBITDA)	255.85	0.00	82.33	0.00	0.00	9,625.48	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	7.21	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	18.96	20.82	6.91	29.43	37.76	26.74	54.39	422.19	1,829.17	426.76	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	351.60	9.13	0.00	0.00	7,768.49	0.00	0.00	50.44	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.08	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.06
Long-Term Debt to Equity	0.08	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.05
Financial Leverage	-0.53	-0.82	-0.84	-0.72	-0.74	-0.79	-0.77	-0.70	-0.69	-0.66	-0.77
Leverage Ratio	1.30	1.38	1.37	1.27	1.26	1.38	1.30	1.30	1.27	1.36	1.31
Compound Leverage Factor	0.91	1.04	1.63	0.79	0.56	-1.92	1.93	1.17	0.81	0.79	1.02
Debt to Total Capital	7.11%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	5.71%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.55%
Long-Term Debt to Total Capital	7.11%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	5.15%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	92.89%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	94.29%
Debt to EBITDA	15.98	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-0.85
Net Debt to EBITDA	-56.83	0.00	0.00	0.00	0.00	0.00	0.00	0.00	16.45	0.00	9.56
Long-Term Debt to EBITDA	15.98	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-0.77
Debt to NOPAT	-1.40	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-1.32
Net Debt to NOPAT	4.97	0.00	0.00	0.00	0.00	0.00	0.00	0.00	15.84	0.00	14.78
Long-Term Debt to NOPAT	-1.40	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-1.19
Altman Z-Score	3.01	5.68	3.87	6.99	9.77	6.49	11.22	14.56	15.46	8.87	9.55
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.02	2.63	2.33	4.01	4.05	2.98	3.97	3.15	3.41	2.54	3.44
Quick Ratio	1.86	2.55	2.27	3.89	3.96	2.91	3.87	3.02	3.25	2.43	3.31
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-401	-26	41	-53	-21	-4.78	26	-47	-31	61	-81
Operating Cash Flow to CapEx	-42,187.17%	-41,048.51%	86,913.70%	-5,536.10%	-14,938.43%	90,527.27%	17,106.25%	-2,529.47%	-4,333.89%	11,277.21%	-43.63%
Free Cash Flow to Firm to Interest Expense	-553.30	-193.23	321.43	-397.62	-148.18	-52.01	263.46	-607.30	-298.39	185.06	-203.61
Operating Cash Flow to Interest Expense	-108.96	-307.10	1,487.04	-145.27	-268.26	649.43	469.99	-61.62	-202.39	101.39	-0.34
Operating Cash Flow Less CapEx to Interest Expense	-109.22	-307.85	1,485.33	-147.89	-270.06	648.72	467.24	-64.05	-207.06	100.49	-1.13
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.50	0.45	0.43	0.54	0.52	0.46	0.46	0.56	0.52	0.44	0.42
Accounts Receivable Turnover	4.80	3.62	3.46	4.71	5.47	3.59	4.61	6.31	7.44	4.57	5.69
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	31.02	30.48	28.86	27.80	28.32	28.34	27.48	26.45	26.21	25.43	25.76
Accounts Payable Turnover	0.00	0.00	0.57	0.00	0.00	0.00	0.83	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	76.06	100.91	105.62	77.56	66.69	101.77	79.19	57.84	49.03	79.80	64.18
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	638.07	0.00	0.00	0.00	438.03	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	76.06	100.91	-532.45	77.56	66.69	101.77	-358.84	57.84	49.03	79.80	64.18
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	571	154	122	205	178	132	137	163	161	131	152
Invested Capital Turnover	1.37	3.45	3.67	2.40	2.49	3.07	2.60	2.39	2.16	1.76	2.43
Increase / (Decrease) in Invested Capital	393	22	-15	42	17	0.78	-15	36	26	-67	84
Enterprise Value (EV)	961	1,904	1,332	1,438	2,393	2,156	2,939	3,110	2,901	2,316	2,163
Market Capitalization	1,174	2,565	2,053	2,036	3,012	2,811	3,577	3,438	3,230	2,667	2,486
Book Value per Share	$6.35	$6.55	$6.73	$6.46	$6.47	$6.47	$6.91	$4.43	$4.46	$4.42	$4.38
Tangible Book Value per Share	$1.45	$4.39	$4.47	$4.67	$4.66	$4.58	$5.26	$2.70	$2.70	$2.63	$2.61
Total Capital	844	815	843	803	797	786	775	491	490	482	503
Total Debt	60	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.02	0.00	29
Total Long-Term Debt	60	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	26
Net Debt	-213	-661	-721	-598	-619	-655	-638	-328	-329	-351	-323
Capital Expenditures (CapEx)	0.19	0.10	0.22	0.35	0.26	0.07	0.27	0.19	0.48	0.29	0.31
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-55	-138	-181	-37	-62	-113	-68	-46	-49	-78	-48
Debt-free Net Working Capital (DFNWC)	201	473	500	534	557	542	570	282	280	273	303
Net Working Capital (NWC)	201	473	500	534	557	542	570	282	280	273	300
Net Nonoperating Expense (NNE)	-3.53	12	-13	2.83	2.04	-5.29	0.46	5.05	-0.91	-5.43	6.83
Net Nonoperating Obligations (NNO)	-213	-661	-721	-598	-619	-655	-638	-328	-329	-351	-323
Total Depreciation and Amortization (D&A)	5.88	5.85	3.65	4.34	4.50	5.41	4.04	4.26	3.84	4.67	3.48
Debt-free, Cash-free Net Working Capital to Revenue	-10.70%	-28.04%	-38.08%	-8.49%	-14.75%	-27.96%	-18.07%	-13.19%	-15.48%	-26.89%	-18.04%
Debt-free Net Working Capital to Revenue	39.22%	96.13%	105.27%	120.80%	131.65%	134.43%	151.84%	81.21%	87.62%	94.47%	113.16%
Net Working Capital to Revenue	39.22%	96.13%	105.27%	120.80%	131.65%	134.43%	151.84%	81.21%	87.61%	94.47%	112.12%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.03)	($0.13)	$0.31	($0.11)	($0.05)	$0.02	$0.09	($0.15)	($0.03)	$0.00	($0.04)
Adjusted Weighted Average Basic Shares Outstanding	123.24M	124.27M	124.89M	124.56M	123.14M	114.83M	116.49M	111.13M	109.79M	107.94M	107.93M
Adjusted Diluted Earnings per Share	($0.03)	($0.12)	$0.30	($0.11)	($0.05)	$0.03	$0.08	($0.15)	($0.03)	$0.00	($0.04)
Adjusted Weighted Average Diluted Shares Outstanding	123.24M	129.34M	129.16M	124.56M	123.14M	114.83M	125.48M	111.13M	109.79M	107.94M	107.93M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	121.56M	123.59M	124.42M	125.26M	124.20M	122.83M	121.41M	112.17M	110.76M	108.14M	109.00M
Normalized Net Operating Profit after Tax (NOPAT)	-2.55	-4.04	14	-11	-4.17	-7.02	11	-12	-4.60	-6.56	2.56
Normalized NOPAT Margin	-1.91%	-3.44%	9.05%	-10.66%	-3.66%	-6.98%	9.00%	-13.86%	-4.87%	-8.98%	2.68%
Pre Tax Income Margin	-3.78%	-12.68%	19.49%	-8.88%	-4.03%	3.21%	9.24%	-18.51%	-3.46%	-2.73%	-3.15%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-10.02	-145.49	200.99	-111.20	-72.81	-25.23	77.30	-225.17	-49.50	-10.57	-9.67
NOPAT to Interest Expense	-10.62	-29.94	201.50	-83.09	-29.40	-43.50	112.14	-150.84	-44.64	-20.06	6.39
EBIT Less CapEx to Interest Expense	-10.28	-146.24	199.28	-113.82	-74.61	-25.95	74.56	-227.60	-54.17	-11.47	-10.46
NOPAT Less CapEx to Interest Expense	-10.88	-30.69	199.79	-85.71	-31.19	-44.22	109.39	-153.28	-49.31	-20.96	5.61
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	1,877.02%	1,508.28%	113.93%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions About Flywire's Financials

When does Flywire's financial year end?

According to the most recent income statement we have on file, Flywire's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Flywire's net income changed over the last 5 years?

Flywire's net income appears to be on a downward trend, with a most recent value of $2.90 million in 2024, falling from -$20.12 million in 2019. The previous period was -$8.57 million in 2023. Check out Flywire's forecast to explore projected trends and price targets.

What is Flywire's operating income?

Flywire's total operating income in 2024 was -$7.26 million, based on the following breakdown:

Total Gross Profit: $492.14 million
Total Operating Expenses: $499.40 million

How has Flywire revenue changed over the last 5 years?

Over the last 5 years, Flywire's total revenue changed from $94.92 million in 2019 to $492.14 million in 2024, a change of 418.5%.

How much debt does Flywire have?

Flywire's total liabilities were at $307.68 million at the end of 2024, a 4.8% increase from 2023, and a 150.1% increase since 2020.

How much cash does Flywire have?

In the past 4 years, Flywire's cash and equivalents has ranged from $104.05 million in 2020 to $654.61 million in 2023, and is currently $495.24 million as of their latest financial filing in 2024.

How has Flywire's book value per share changed over the last 5 years?

Over the last 5 years, Flywire's book value per share changed from 0.00 in 2019 to 6.55 in 2024, a change of 654.9%.

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This page (NASDAQ:FLYW) was last updated on 5/21/2025 by MarketBeat.com Staff

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Flywire (FLYW) Financials

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Flywire (FLYW) Financials

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