Company: FLYW
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000950170-25-027078
Chunk: 226

Company: Flywire Corp
Filing Date: 2025-02-26
Form: 10-K
Item: Item 1B
Chunk 226
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 11.8

    (4.2
    )

    9.2

    Indirect taxes related to intercompany activity

    0.7

    0.2

    0.4

    Acquisition related transaction costs (1)

    0.6

    0.4

    0.8

    Acquisition related employee retention costs (2)

    0.5

    0.9

    1.4

    Adjusted EBITDA
     
    $
    77.9

    $
    42.0

    $
    14.9

(1)Acquisition related transaction costs consisted of legal and advisory fees incurred in connection with the Invoiced, StudyLink and Cohort Go acquisitions. 

(2)Acquisition related employee retention costs consisted of costs incurred to retain and compensate Invoiced, StudyLink and WPM Group Ltd. (WPM) employees in connection with integration of the business. WPM was acquired on December 14, 2021.

    December 31,

    (in millions)
     
    2024

    2023

    2022

    Revenue (A)
     
    $
    492.1

    $
    403.1

    $
    289.4

    Revenue less ancillary services (B)

    474.2

    381.5

    267.1

    Net loss (C)

    2.9

    (8.6
    )

    (39.3
    )

    EBITDA (D)

    (0.5
    )

    (0.9
    )

    (25.2
    )

    Adjusted EBITDA (E)

    77.9

    42.0

    14.9

    Net margin (C/A)

    0.6
    %

    (2.1
    )%

    (13.6
    )%

    Net margin using RLAS (C/B)

    0.6
    %

    (2.3
    )%

    (14.7
    )%

    EBITDA Margin (D/A)

    (0.1
    )%

    (0.2
    )%

    (8.7
    )%

    Adjusted EBITDA Margin (E/A)

    15.8