FLYW Q1 2023 Earnings — Flywire Corporation Revenue & Financial Results | Market Cap Arena

FLYWFlywire Corporation

$2B

Q1 2023 Earnings

Technology Information Technology Services

Income Statement

Revenue

$94M+46.2% YoY

Gross Profit

$61M64.1% margin

Operating Income

-$7M-7.0% margin

Net Income

-$4M-3.9% margin

EPS (Diluted)

$-0.03

QoQ Revenue Growth

+29.2%

Cash Flow

Operating Cash Flow

-$21M

Free Cash Flow

-$23M

Stock-Based Comp.

$9M

Balance Sheet

Total Assets

$621M

Total Liabilities

$131M

Stockholders' Equity

$490M

Cash & Equivalents

$327M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$94M	$65M	+46.2%
Gross Profit	$61M	$40M	+50.1%
Operating Income	-$7M	-$7M	+7.5%
Net Income	-$4M	-$10M	+63.7%

Revenue Segments

Transactions

$76M81%

Platform And Usage Based Fees

$18M19%

Geographic Segments

United States and Canada (Americas)

$60M64%

Europe, the Middle East and Africa (EMEA)

$22M23%

Asia and Pacific (APAC)

$13M13%