Flywire Corporation (FLYW) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 188.11B | 157.54M | 200.14M | 131.89M | 133.45M | 117.55M | 156.81M | 103.68M | 114.1M | 100.55M | 123.32M | 84.87M | 94.36M | 73.05M | 95.23M | 56.54M | 64.55M | 51.39M | 67.79M | 36.98M |
| Revenue Growth % | 140858.55% | 34.02% | 27.63% | 27.21% | 16.96% | 16.91% | 27.16% | 22.16% | 20.93% | 37.63% | 29.5% | 50.11% | 46.17% | 42.14% | 40.48% | 52.9% | 43.48% | 54.66% | - | - |
| Cost of Goods Sold | 0 | 63.59M | 72.32M | 53.89M | 80.96M | 41.38M | 54.56M | 39.9M | 71.15M | 36.78M | 42.9M | 33.8M | 33.85M | 29.59M | 32.27M | 21.82M | 24.25M | 19.25M | 21.72M | 13.12M |
| COGS % of Revenue | - | 40.36% | 36.13% | 40.86% | 60.67% | 35.21% | 34.79% | 38.48% | 62.36% | 36.58% | 34.79% | 39.83% | 35.88% | 40.5% | 33.89% | 38.59% | 37.57% | 37.46% | 32.05% | 35.49% |
| Gross Profit | 0 | 93.95M | 127.82M | 78M | 52.49M | 76.17M | 102.26M | 63.78M | 42.95M | 63.77M | 80.42M | 51.06M | 60.5M | 43.47M | 62.96M | 34.72M | 40.3M | 32.14M | 46.06M | 23.85M |
| Gross Margin % | - | 59.64% | 63.87% | 59.14% | 39.33% | 64.79% | 65.21% | 61.52% | 37.64% | 63.42% | 65.21% | 60.17% | 64.12% | 59.5% | 66.11% | 61.41% | 62.43% | 62.54% | 67.95% | 64.51% |
| Gross Profit Growth % | -100% | 23.35% | 25% | 22.31% | 22.2% | 19.45% | 27.15% | 24.89% | -29.01% | 46.69% | 27.74% | 47.09% | 50.13% | 35.25% | 36.67% | 45.54% | 39.45% | 48.25% | - | - |
| Operating Expenses | 99.88B | 94.92M | 95.57M | 87.01M | 63.48M | 81.94M | 81.99M | 79.56M | 48.92M | 73.79M | 68.54M | 67.87M | 67.07M | 52.84M | 59.3M | 52.11M | 47.4M | 42.47M | 34.97M | 31.41M |
| OpEx % of Revenue | 53.1% | 60.25% | 47.75% | 65.97% | 47.57% | 69.71% | 52.28% | 76.74% | 42.87% | 73.39% | 55.58% | 79.97% | 71.08% | 72.33% | 62.27% | 92.18% | 73.43% | 82.63% | 51.58% | 84.96% |
| Selling, General & Admin | 80.45B | 78.09M | 77.92M | 68.55M | 33.53M | 64.57M | 65.29M | 63.73M | 29.78M | 56.9M | 53.95M | 51.86M | 52.55M | 40.15M | 45.92M | 38.91M | 36.43M | 33.38M | 27.22M | 24.48M |
| SG&A % of Revenue | 42.76% | 49.57% | 38.93% | 51.98% | 25.12% | 54.93% | 41.64% | 61.47% | 26.1% | 56.59% | 43.74% | 61.1% | 55.69% | 54.96% | 48.22% | 68.82% | 56.43% | 64.94% | 40.15% | 66.22% |
| Research & Development | 19.43B | 18.54M | 17.65M | 17.11M | 16.91M | 17.37M | 16.7M | 15.83M | 16.74M | 16.9M | 14.59M | 16.02M | 14.52M | 12.69M | 13.38M | 13.2M | 10.98M | 9.09M | 7.75M | 6.93M |
| R&D % of Revenue | 10.33% | 11.77% | 8.82% | 12.97% | 12.67% | 14.78% | 10.65% | 15.27% | 14.67% | 16.81% | 11.83% | 18.87% | 15.39% | 17.37% | 14.06% | 23.35% | 17% | 17.69% | 11.44% | 18.74% |
| Other Operating Expenses | 0 | -1000K | 0 | 1000K | 1000K | 0 | 0 | 0 | 1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | 10.78B | -965K | 32.25M | -9.01M | -10.99M | -5.78M | 20.27M | -15.79M | -5.96M | -10.03M | 11.89M | -16.81M | -6.57M | -9.37M | 3.65M | -17.4M | -7.1M | -10.33M | 11.1M | -7.56M |
| Operating Margin % | 5.73% | -0.61% | 16.12% | -6.83% | -8.23% | -4.91% | 12.93% | -15.23% | -5.23% | -9.97% | 9.64% | -19.8% | -6.96% | -12.83% | 3.83% | -30.77% | -11% | -20.09% | 16.37% | -20.44% |
| Operating Income Growth % | 98225.23% | 83.29% | 59.12% | 42.96% | -84.27% | 42.41% | 70.54% | 6.07% | 9.21% | -7.01% | 225.47% | 3.39% | 7.54% | 9.26% | -67.09% | -130.15% | -9.85% | -246.43% | - | - |
| EBITDA | 10.78B | 9.56M | 39.02M | -2.24M | -5.49M | -1.12M | 24.52M | -11.58M | -1.7M | -6.04M | 15.78M | -12.66M | -2.84M | -6.25M | 7.05M | -14.43M | -4.29M | -7.9M | 13.36M | -5.38M |
| EBITDA Margin % | 5.73% | 6.07% | 19.5% | -1.7% | -4.11% | -0.95% | 15.63% | -11.17% | -1.49% | -6.01% | 12.8% | -14.92% | -3.01% | -8.56% | 7.41% | -25.52% | -6.64% | -15.37% | 19.71% | -14.56% |
| EBITDA Growth % | 196636.64% | 952.45% | 59.16% | 80.69% | -221.95% | 81.43% | 55.32% | 8.53% | 39.94% | 3.44% | 123.76% | 12.25% | 33.82% | 20.85% | -47.21% | -167.97% | 1.13% | -548.6% | - | - |
| D&A (Non-Cash Add-back) | 0 | 10.52M | 6.77M | 6.77M | 5.5M | 4.65M | 4.25M | 4.2M | 4.26M | 3.99M | 3.9M | 4.14M | 3.73M | 3.12M | 3.4M | 2.97M | 2.82M | 2.43M | 2.27M | 2.17M |
| EBIT | 0 | 185.03M | 32.4M | -3.96M | -4.32M | -14.77M | 30.7M | -9.07M | -4.46M | 3.32M | 11.49M | -15.63M | -3.16M | -1.67M | -2.6M | -22.45M | -9.43M | -9.72M | 10.88M | -17.24M |
| Net Interest Income | 0 | 1.9B | -428K | 24K | 2.21M | 4.74M | 4.84M | 5.59M | 5.74M | 5.55M | 3.74M | 1.86M | 1.83M | -327K | 873K | -82K | -218K | -217K | -542K | -629K |
| Interest Income | 915M | 2.08B | 769K | 1.09M | 2.93M | 4.87M | 4.97M | 5.72M | 5.88M | 5.64M | 3.84M | 1.94M | 1.94M | 0 | 1.27M | 184K | 0 | 0 | 0 | 0 |
| Interest Expense | -303M | 184.72M | 1.2M | 1.06M | 724K | 135K | 128K | 133K | 142K | 92K | 99K | 78K | 103K | 327K | 400K | 266K | 218K | 217K | 542K | 629K |
| Other Income/Expense | 3.91B | 1.28M | -1.05M | 3.98M | 5.94M | -9.13M | 10.3M | 6.58M | 1.36M | 13.25M | -491K | 1.1M | 3.3M | 7.38M | -6.65M | -5.32M | -2.54M | 386K | -756K | -10.31M |
| Pretax Income | 14.69B | 311K | 31.2M | -5.03M | -5.04M | -14.9M | 30.57M | -9.2M | -4.6M | 3.23M | 11.39M | -15.71M | -3.27M | -2M | -3M | -22.72M | -9.65M | -9.94M | 10.34M | -17.87M |
| Pretax Margin % | 7.81% | 0.2% | 15.59% | -3.81% | -3.78% | -12.68% | 19.49% | -8.88% | -4.03% | 3.21% | 9.24% | -18.51% | -3.46% | -2.73% | -3.15% | -40.18% | -14.95% | -19.34% | 15.25% | -48.34% |
| Income Tax | 2.17B | 278K | 1.57M | 6.98M | -884K | 995K | -8.33M | 4.68M | 1.61M | 1.94M | 752K | 1.11M | 417K | -867K | 1.28M | 1.08M | 500K | 1.34M | 346K | 273K |
| Effective Tax Rate % | 14.77% | 89.39% | 5.03% | -138.9% | 17.53% | -6.68% | -27.24% | -50.82% | -35.09% | 60.09% | 6.6% | -7.05% | -12.77% | 43.44% | -42.64% | -4.74% | -5.18% | -13.48% | 3.35% | -1.53% |
| Net Income | 12.52B | 33K | 29.63M | -12.01M | -4.16M | -15.9M | 38.9M | -13.88M | -6.22M | 1.29M | 10.64M | -16.81M | -3.68M | -1.13M | -4.27M | -23.8M | -10.15M | -11.28M | 9.99M | -18.15M |
| Net Margin % | 6.65% | 0.02% | 14.81% | -9.1% | -3.12% | -13.53% | 24.8% | -13.39% | -5.45% | 1.28% | 8.63% | -19.81% | -3.9% | -1.55% | -4.49% | -42.09% | -15.72% | -21.95% | 14.74% | -49.08% |
| Net Income Growth % | 301013.46% | 100.21% | -23.82% | 13.49% | 33.09% | -1335.35% | 265.46% | 17.44% | -68.8% | 213.99% | 349.13% | 29.35% | 63.71% | 89.99% | -142.75% | -31.14% | -17.3% | -179.86% | - | - |
| Net Income (Continuing) | 12.52B | 33K | 29.63M | -12.01M | -4.16M | -15.9M | 38.9M | -13.88M | -6.22M | 1.29M | 10.64M | -16.81M | -3.68M | -1.13M | -4.27M | -23.8M | -10.15M | -11.28M | 9.99M | -18.15M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.10 | 0.00 | 0.23 | -0.10 | -0.03 | -0.13 | 0.30 | -0.11 | -0.05 | 0.01 | 0.09 | -0.15 | -0.03 | -0.01 | -0.04 | -0.22 | -0.10 | -0.11 | 0.08 | -0.35 |
| EPS Growth % | 395.86% | 100.23% | -23.33% | 10.45% | 33.07% | -1400% | 228.23% | 26.67% | -50.75% | 196.15% | 330.81% | 31.82% | 64.77% | 90.55% | -149.5% | 37.14% | -9.69% | -143.36% | - | - |
| EPS (Basic) | 0.10 | 0.00 | 0.24 | -0.10 | -0.03 | -0.13 | 0.31 | -0.11 | -0.05 | 0.01 | 0.09 | -0.15 | -0.03 | -0.01 | -0.04 | -0.22 | -0.10 | -0.11 | 0.10 | -0.18 |
| Diluted Shares Outstanding | 127.95M | 127.75M | 127.68M | 122.52M | 123.24M | 124.46M | 129.16M | 124.56M | 123.14M | 128.88M | 116.49M | 111.13M | 109.79M | 108.09M | 107.93M | 107.43M | 106.74M | 105.29M | 118.45M | 52.5M |
| Basic Shares Outstanding | 122.18M | 122.38M | 122.44M | 122.52M | 123.24M | 124.46M | 124.89M | 124.56M | 123.14M | 121.69M | 116.49M | 111.13M | 109.79M | 108.09M | 106.8M | 107.43M | 106.74M | 104.28M | 104.49M | 102.14M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |