Company: FLYW
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000950170-25-027078
Chunk: 8

Company: Flywire Corp
Filing Date: 2025-02-26
Form: 10-K
Item: Item 8
Chunk 8
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 amounts) 

    December 31,

    2024

    2023

    Assets

    Current assets:

    Cash and cash equivalents
     
    $
    495,242

    $
    654,608

    Short-term investments

    115,848

    —

    Accounts receivable, net of allowance of $410 and $507, respectively

    23,703

    18,215

    Unbilled receivables, net of allowance of $36 and $27, respectively

    15,453

    10,689

    Funds receivable from payment partners

    90,110

    113,945

    Prepaid expenses and other current assets

    22,528

    18,227

    Total current assets

    762,884

    815,684

    Long-term investments

    50,125

    —

    Property and equipment, net

    17,160

    15,134

    Intangible assets, net

    118,684

    108,178

    Goodwill

    149,558

    121,646

    Other assets

    24,035

    19,089

    Total assets
     
    $
    1,122,446

    $
    1,079,731

    Liabilities and Stockholders’ Equity

    Current liabilities:

    Accounts payable
     
    $
    15,353

    $
    12,587

    Funds payable to clients

    217,788

    210,922

    Accrued expenses and other current liabilities

    49,297

    43,315

    Deferred revenue

    7,337

    6,968

    Total current liabilities

    289,775

    273,792

    Deferred tax liabilities

    12,643

    15,391

    Other liabilities

    5,261

    4,431

    Total liabilities

    307,679

    293,614

    Commitments and contingencies (Note 17)

    Stockholders’ equity:

    Preferred stock, $0.0001 par value; 10,000,000 shares authorized as of    December 31, 2024 and 2023; and no shares issued and outstanding