FLYW
Income statement / Annual
Last year (2023), Flywire Corporation's total revenue was $403.09 M,
an increase of 39.30% from the previous year.
In 2023, Flywire Corporation's net income was -$8.57 M.
See Flywire Corporation’s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
| Period Ended |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
| Operating Revenue |
$403.09 M
|
$289.38 M
|
$201.15 M
|
$131.78 M
|
$94.92 M
|
| Cost of Revenue |
$147.34 M |
$107.93 M |
$70.19 M |
$47.81 M |
$36.73 M |
| Gross Profit |
$255.76 M |
$181.44 M |
$130.96 M |
$83.98 M |
$58.19 M |
| Gross Profit Ratio |
0.63 |
0.63 |
0.65 |
0.64 |
0.61 |
| Research and Development
Expenses |
$62.03 M
|
$50.26 M
|
$31.30 M
|
$24.50 M
|
$15.01 M
|
| General & Administrative
Expenses |
$107.62 M
|
$82.95 M
|
$61.62 M
|
$42.68 M
|
$34.04 M
|
| Selling & Marketing
Expenses |
$107.62 M
|
$78.46 M
|
$51.30 M
|
$32.61 M
|
$26.61 M
|
| Selling, General &
Administrative Expenses |
$215.25 M
|
$161.41 M
|
$112.92 M
|
$75.29 M
|
$60.64 M
|
| Other Expenses |
$0.00 |
-$5.93 M |
$109,000.00 |
$697,000.00 |
$477,000.00 |
| Operating Expenses |
$277.27 M |
$211.66 M |
$144.22 M |
$99.79 M |
$75.65 M |
| Cost And Expenses |
$424.61 M |
$319.60 M |
$214.41 M |
$147.60 M |
$112.38 M |
| Interest Income |
$13.35 M |
$1.99 M |
$2.02 M |
$100,000.00 |
$600,000.00 |
| Interest Expense |
$372,000.00 |
$1.21 M |
$2.02 M |
$2.53 M |
$2.46 M |
| Depreciation &
Amortization |
$17.55 M
|
$14.10 M
|
$9.24 M
|
$6.79 M
|
$3.73 M
|
| EBITDA |
$13.57 M
|
-$22.05 M
|
-$14.66 M
|
-$8.95 M
|
-$13.38 M
|
| EBITDA Ratio |
0.03 |
-0.08 |
-0.02 |
-0.06 |
-0.14 |
| Operating Income Ratio
|
-0.05
|
-0.1
|
-0.07
|
-0.12
|
-0.18
|
| Total Other
Income/Expenses Net |
$17.17 M
|
-$7.14 M
|
-$12.67 M
|
-$2.46 M
|
-$2.11 M
|
| Income Before Tax |
-$4.35 M |
-$37.36 M |
-$25.93 M |
-$18.28 M |
-$19.57 M |
| Income Before Tax Ratio
|
-0.01
|
-0.13
|
-0.13
|
-0.14
|
-0.21
|
| Income Tax Expense |
$4.21 M |
$1.99 M |
$2.03 M |
-$7.17 M |
$550,000.00 |
| Net Income |
-$8.57 M |
-$39.35 M |
-$27.96 M |
-$11.11 M |
-$20.12 M |
| Net Income Ratio |
-0.02 |
-0.14 |
-0.14 |
-0.08 |
-0.21 |
| EPS |
-0.0746 |
-0.36 |
-0.26 |
-0.11 |
-0.2 |
| EPS Diluted |
-0.0746 |
-0.36 |
-0.26 |
-0.11 |
-0.2 |
| Weighted Average Shares
Out |
$114.83 M
|
$107.94 M
|
$106.44 M
|
$101.11 M
|
$101.11 M
|
| Weighted Average Shares
Out Diluted |
$114.83 M
|
$107.94 M
|
$106.44 M
|
$101.11 M
|
$101.11 M
|
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