Company: FLYW
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000950170-25-027078
Chunk: 455

Company: Flywire Corp
Filing Date: 2025-02-26
Form: 10-K
Item: Item 7
Chunk 455
---
    $
    14.9

(1)Acquisition related transaction costs consisted of legal and advisory fees incurred in connection with the Invoiced, StudyLink and Cohort Go acquisitions. 

(2)Acquisition related employee retention costs consisted of costs incurred to retain and compensate Invoiced, StudyLink and WPM Group Ltd. (WPM) employees in connection with integration of the business. WPM was acquired on December 14, 2021.

    December 31,

    (in millions)
     
    2024

    2023

    2022

    Revenue (A)
     
    $
    492.1

    $
    403.1

    $
    289.4

    Revenue less ancillary services (B)

    474.2

    381.5

    267.1

    Net loss (C)

    2.9

    (8.6
    )

    (39.3
    )

    EBITDA (D)

    (0.5
    )

    (0.9
    )

    (25.2
    )

    Adjusted EBITDA (E)

    77.9

    42.0

    14.9

    Net margin (C/A)

    0.6
    %

    (2.1
    )%

    (13.6
    )%

    Net margin using RLAS (C/B)

    0.6
    %

    (2.3
    )%

    (14.7
    )%

    EBITDA Margin (D/A)

    (0.1
    )%

    (0.2
    )%

    (8.7
    )%

    Adjusted EBITDA Margin (E/A)

    15.8
    %

    10.4
    %

    5.1
    %

    EBITDA Margin using RLAS (D/B)

    (0.1
    )%

    (0.2
    )%

    (9.4
    )%

    Adjusted EBITDA Margin using RLAS (E/B)

    16.4
    %

    11.0
    %

    5.6
    %

96

Reconciliation of GAAP Operating Expenses to Non-GAAP Operating Expenses:

    December 31,

    (in millions)