Company: FLYW
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000950170-25-027078
Chunk: 406

Company: Flywire Corp
Filing Date: 2025-02-26
Form: 10-K
Item: Item 5
Chunk 406
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 30,927 and 2,677 treasury shares at an average cost of $0.32 per 

140

share during the year ended December 31, 2024 and 2023, respectively. The Company intends to issue treasury shares as long as an adequate number of those shares is available.Comprehensive LossComprehensive loss includes all changes in equity during the period and is comprised of net income (loss) and other comprehensive income (loss). Accumulated other comprehensive (loss) income (AOCI) reported on the Company's consolidated balance sheets for the year ended December 31, 2024 consists of foreign currency translation adjustment and the unrealized gains and losses, net of applicable taxes, on available-for-sale debt securities.The following table summarizes the changes in AOCI for the year ended December 31, 2024 (in thousands):

        Unrealized Gainson Available-for-sale DebtSecurities, net

        Foreign CurrencyTranslationAdjustment

        Estimated Tax(Expense)Benefit

        Total

        Beginning balance
         
        $
        —

        $
        1,320

        $
        —

        $
        1,320

        Other comprehensive income    (loss) before reclassifications

        208

        (3,594
        )

        —

        (3,386
        )

        Less: Amount of gain (loss) reclassified    from AOCI

        —

        —

        —

        —

        Net current period other comprehensive    income (loss)

        208

        (3,594
        )

        —

        (3,386
        )

        Ending balance
         
        $
        208

        $
        (2,274
        )
         
        $
        —

        $
        (2,066
        )
       
      Changes in AOCI for the year ended December 31, 2023 and 2022 consisted of foreign currency translation adjustment only. Refer to the Company's consolidated statements of stockholders’ equity for the changes in AOCI for the years ended December 31, 2023 and 2022.Reserved Shares of Common Stock for Future IssuanceAs of December 31, 2024, the Company had reserved shares of common stock for future issuance as follows:

        Issued and outstanding stock options

        6,199,369

        Issued and outstanding restricted stock units

        6,016,838

        Available for issuance under the 2021 Equity Incentive