Company: FLYW
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000950170-25-027078
Chunk: 339

Company: Flywire Corp
Filing Date: 2025-02-26
Form: 10-K
Item: Item 5
Chunk 339
---
289.4

    Revenue Less Ancillary Services
     
    $
    474.2

    $
    381.5

    $
    267.1

    FX Neutral Revenue Less Ancillary Services
     
    $
    471.9

    $
    381.5

    $
    267.1

    Gross Profit
     
    $
    306.9

    $
    247.4

    $
    174.9

    Adjusted Gross Profit
     
    $
    312.8

    $
    254.1

    $
    181.9

    Gross Margin

    62.4
    %

    61.4
    %

    60.4
    %

    Adjusted Gross Margin

    66.0
    %

    66.6
    %

    68.1
    %

    Net Income (Loss)
     
    $
    2.9

    $
    (8.6
    )
     
    $
    (39.3
    )

    Adjusted EBITDA
     
    $
    77.9

    $
    42.0

    $
    14.9

    Adjusted EBITDA Margin

    16.4
    %

    11.0
    %

    5.6
    %

For the year ended December 31, 2024, transaction revenue and platform and other revenues represented 83.4% and 16.6% of our revenue, respectively. For the year ended December 31, 2024, transaction revenue and platform and other revenues represented 86.1% and 13.9% of our total revenue less ancillary services, respectively. 

For the year ended December 31, 2023, transaction revenue and platform and other revenues represented 81.8% and 18.2% of our revenue, respectively. For the year ended December 31, 2023, transaction revenue and platform and other revenues represented 85.8% and 14.2% of our total revenue less ancillary services, respectively.

For the year ended December 31, 2022, transaction revenue and platform and other revenues represented 77.5% and 22.5% of our revenue, respectively. For the year ended December 31, 2022, transaction revenue and platform and other revenues represented