Flywire
Income Statement
Last updated:
Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. Flywire's past years’ income statements indicate that its last revenue has increased compared to the previous period by 39% to $403,094,000. The net income raised on -$8,566,000 and profit margin reached -2%. Total operating expenses were $277,273,000.
Profit Margin
| 2019 | 94.91M | -20.11M | -21.19% |
|---|---|---|---|
| 2020 | 131.78M | -11.10M | -8.43% |
| 2021 | 201.14M | -27.95M | -13.9% |
| 2022 | 289.37M | -39.34M | -13.6% |
| 2023 | 403.09M | -8.56M | -2.13% |
FLYW Income Statement (2019 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
Revenue | |||||
Revenue | 403.09M | 289.37M | 201.14M | 131.78M | 94.91M |
Cost of revenue | 147.33M | 107.93M | 70.19M | 47.80M | 36.72M |
Gross profit | 255.75M | 181.44M | 130.95M | 83.97M | 58.19M |
Operating exp. | |||||
Research and development | 62.02M | 50.25M | 31.29M | 24.50M | 15.00M |
Selling and marketing | 107.62M | 78.45M | 51.29M | 32.61M | 26.60M |
Total operating expenses | 277.27M | 211.66M | 144.21M | 99.79M | 75.64M |
Operating income | -21.51M | -30.22M | -13.25M | -15.81M | -17.45M |
Other income (expenses), net | 17.16M | -7.13M | -12.67M | -2.46M | -2.10M |
Income before tax | -4.35M | -37.35M | -25.92M | -18.27M | -19.56M |
Income tax expense | 4.21M | 1.98M | 2.03M | -7.16M | 550K |
Net income | -8.56M | -39.34M | -27.95M | -11.10M | -20.11M |
Earnings per share | |||||
Basic EPS | -0.07 | -0.36 | -0.26 | -0.11 | -0.2 |
Diluted EPS | -0.07 | -0.36 | -0.26 | -0.11 | -0.2 |
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