Company: FLYW
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000950170-25-027078
Chunk: 9

Company: Flywire Corp
Filing Date: 2025-02-26
Form: 10-K
Item: Item 8
Chunk 9
---
 as of    December 31, 2024 and 2023

    —

    —

    Voting common stock, $0.0001 par value; 2,000,000,000 shares authorized as    of December 31, 2024 and 2023; 126,853,852 shares issued and    122,182,878 shares outstanding as of December 31, 2024; 123,010,207    shares issued and 120,695,162 shares outstanding as of December 31, 2023

    13

    11

    Non-voting common stock, $0.0001 par value; 10,000,000 shares authorized as    of December 31, 2024 and 2023; 1,873,320 shares issued and outstanding    as of December 31, 2024 and 2023

    —

    1

    Treasury voting common stock, 4,670,974 and 2,315,045 shares as of    December 31, 2024 and 2023, respectively, held at cost

    (46,268
    )

    (747
    )

    Additional paid-in capital

    1,033,958

    959,302

    Accumulated other comprehensive (loss) income

    (2,066
    )

    1,320

    Accumulated deficit

    (170,870
    )

    (173,770
    )

    Total stockholders’ equity

    814,767

    786,117

    Total liabilities and stockholders’ equity
     
    $
    1,122,446

    $
    1,079,731

The accompanying notes are an integral part of these consolidated financial statements.  

110

FLYWIRE CORPORATION 

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

(Amounts in thousands, except share and per share amounts) 

    Year Ended December 31,

    2024

    2023

    2022

    Revenue
     
    $
    492,144

    $
    403,094

    $
    289,375

    Costs and operating expenses:

    Payment processing services costs

    177,490

    147,339

    107,