Company: FLYW
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0000950170-25-104179
Chunk: 3

Company: Flywire Corp
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 3
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FLYWIRE CORPORATION 

CONDENSED CONSOLIDATED BALANCE SHEETS 

(Unaudited) (Amounts in thousands, except par value per share and share amounts)

     June 30,2025

     December 31,2024

     Assets

     Current assets:

     Cash and cash equivalents
      
     $
     249,686

     $
     495,242

     Short-term investments

     24,545

     115,848

     Accounts receivable, net of allowance of $553 and $410, respectively

     29,700

     23,703

     Unbilled receivables, net of allowance of $38 and $36, respectively

     17,732

     15,453

     Funds receivable from payment partners

     88,236

     90,110

     Prepaid expenses and other current assets

     38,857

     22,528

     Total current assets

     448,756

     762,884

     Long-term investments

     14,885

     50,125

     Property and equipment, net

     18,884

     17,160

     Intangible assets, net

     199,587

     118,684

     Goodwill

     406,439

     149,558

     Other assets

     25,796

     24,035

     Total assets
      
     $
     1,114,347

     $
     1,122,446

     Liabilities and Stockholders’ Equity

     Current liabilities:

     Accounts payable
      
     $
     17,484

     $
     15,353

     Funds payable to clients

     154,029

     217,788

     Accrued expenses and other current liabilities

     49,507

     49,297

     Deferred revenue

     19,220

     7,337

     Total current liabilities

     240,240

     289,775

     Deferred tax liabilities

     14,504

     12,643

     Long-term debt

     60,000

     —

     Other liabilities

     7,180

     5,261

     Total liabilities

     321,924

     307,679

     Commitments and contingencies (Note