FLYW Q1 2024 Earnings — Flywire Corporation Revenue & Financial Results | Market Cap Arena

FLYWFlywire Corporation

$2B

Q1 2024 Earnings

Technology Information Technology Services

Income Statement

Revenue

$114M+20.9% YoY

Gross Profit

$43M37.6% margin

Operating Income

-$6M-5.2% margin

Net Income

-$6M-5.4% margin

EPS (Diluted)

$-0.05

QoQ Revenue Growth

+13.5%

Cash Flow

Operating Cash Flow

-$38M

Free Cash Flow

-$40M

Stock-Based Comp.

$15M

Balance Sheet

Total Assets

$999M

Total Liabilities

$202M

Stockholders' Equity

$797M

Cash & Equivalents

$619M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$114M	$94M	+20.9%
Gross Profit	$43M	$61M	-29.0%
Operating Income	-$6M	-$7M	+9.2%
Net Income	-$6M	-$4M	-68.8%

Revenue Segments

Transactions

$95M83%

Platform And Usage Based Fees

$19M17%

Geographic Segments

United States and Canada (Americas)

$58M51%

Europe, the Middle East and Africa (EMEA)

$36M32%

Asia and Pacific (APAC)

$20M18%