FLYW Q2 2023 Earnings — Flywire Corporation Revenue & Financial Results | Market Cap Arena

FLYWFlywire Corporation

$2B

Q2 2023 Earnings

Technology Information Technology Services

Income Statement

Revenue

$85M+50.1% YoY

Gross Profit

$51M60.2% margin

Operating Income

-$17M-19.8% margin

Net Income

-$17M-19.8% margin

EPS (Diluted)

$-0.15

QoQ Revenue Growth

-10.1%

Cash Flow

Operating Cash Flow

-$5M

Free Cash Flow

-$6M

Stock-Based Comp.

$11M

Balance Sheet

Total Assets

$639M

Total Liabilities

$147M

Stockholders' Equity

$491M

Cash & Equivalents

$328M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$85M	$57M	+50.1%
Gross Profit	$51M	$35M	+47.1%
Operating Income	-$17M	-$17M	+3.4%
Net Income	-$17M	-$24M	+29.3%

Revenue Segments

Transactions

$67M79%

Platform And Usage Based Fees

$18M21%

Geographic Segments

United States and Canada (Americas)

$43M51%

Europe, the Middle East and Africa (EMEA)

$29M34%

Asia and Pacific (APAC)

$13M15%