Company: FLYW
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000950170-25-027078
Chunk: 396

Company: Flywire Corp
Filing Date: 2025-02-26
Form: 10-K
Item: Item 5
Chunk 396
---
 intangible assets of Invoiced and their respective weighted-average amortization periods.

        Fair Values

        Weighted-AverageAmortizationPeriods

        (in thousands)

        (years)

        Developed technology
         
        $
        7,100

        7

        Acquired relationships

        18,600

        11

        Trade name/Trademark

        400

        4

        $
        26,100

      The results of Invoiced have been included in the consolidated financial statements since the date of the acquisition. Invoiced contributed $2.4 million in platform revenue during the year ended December 31, 2024. The Company has not disclosed net income or loss since the acquisition date as the business was fully integrated into the consolidated Company's operations and therefore it was impracticable to determine this amount.Unaudited Pro Forma Financial InformationThe following unaudited pro forma financial information shows the results of the Company’s operations for the years ended December 31, 2024 and 2023 as if the acquisition had occurred on January 1, 2023. The unaudited pro forma financial information is presented for information purposes only and is not necessarily indicative of what would have occurred if the acquisition had occurred as of that date. The unaudited pro forma information is also not intended to be a projection of future results due to the integration of the acquired operations of Invoiced. The unaudited pro forma information reflects the effects of applying the Company’s accounting policies and certain pro forma adjustments to the combined historical financial information of the Company and Invoiced. The pro forma adjustments include:•incremental amortization expense associated with the estimated fair value of identified intangible assets;•incremental employee compensation expense for Invoiced employees; •transaction costs; and•the estimated tax impact of the above items.

        Year Ended December 31, 2024

        Year Ended December 31, 2023

        Actual

        Pro Forma

        Actual

        Pro Forma

        (in thousands)

        Revenue
         
        $
        492,144

        $
        495,412

        $
        403,094

        $
        408,325

        Net income (loss)
         
        $
        2,900

        $
        1,623

        $
        (8,566
        )
         
        $
        (11,233
        )

134

Study