Company: FLYW
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000950170-25-027078
Chunk: 3

Company: Flywire Corp
Filing Date: 2025-02-26
Form: 10-K
Item: Item 8
Chunk 3
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Page 

    Report of Independent Registered Public Accounting Firm (PCAOB ID 238)
    107

    Consolidated Balance Sheets
    110

    Consolidated Statements of Operations and Comprehensive Loss 
    111

    Consolidated Statements of Stockholders’ Equity
    112

    Consolidated Statements of Cash Flows
    114

    Notes to Consolidated Financial Statements
    116

     Note 1. Business Overview and Summary of Significant Accounting Policies
     116

    Note 2. Revenue and Recognition 
    127

    Note 3. Segment Information
    128

    Note 4. Investments 
    129

    Note 5. Fair Value Measurements 
    130

    Note 6. Derivative Instruments 
    132

    Note 7. Accrued Expenses and Other Current Liabilities 
    132

    Note 8. Property and Equipment, net 
    132

    Note 9. Business Combinations
    133

    Note 10. Goodwill and Acquired Intangible Assets 
    137

    Note 11. Debt 
    138

    Note 12. Stockholders’ Equity
    140

    Note 13. Stock-Based Compensation
    141

    Note 14. Net Income (Loss) per Share 
    144

    Note 15. Income Taxes 
    144

    Note 16. Leases
    147

    Note 17. Commitments and Contingencies
    148

    Note 18. Employee Benefit Plan 
    149

    Note 19. Subsequent Event
    149

106

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Board of Directors and Stockholders of Flywire Corporation

Opinions on the Financial Statements and Internal Control over Financial ReportingWe have audited the accompanying consolidated balance sheets of Flywire Corporation and its subsidiaries (the "Company") as of December 31, 2024 and 2023, and the related consolidated statements of operations and comprehensive loss, of stockholders’ equity and of cash flows for each of the three years in the period ended December 31, 2024, including the related notes (collectively referred to as the "consolidated financial statements"). We also have audited the Company's internal control over financial reporting as of December 31, 2024, based on criteria established in Internal Control