FLYW Q2 2024 Earnings — Flywire Corporation Revenue & Financial Results | Market Cap Arena

FLYWFlywire Corporation

$2B

Q2 2024 Earnings

Technology Information Technology Services

Income Statement

Revenue

$104M+22.2% YoY

Gross Profit

$64M61.5% margin

Operating Income

-$16M-15.2% margin

Net Income

-$14M-13.4% margin

EPS (Diluted)

$-0.11

QoQ Revenue Growth

-9.1%

Cash Flow

Operating Cash Flow

-$19M

Free Cash Flow

-$20M

Stock-Based Comp.

$17M

Balance Sheet

Total Assets

$999M

Total Liabilities

$196M

Stockholders' Equity

$803M

Cash & Equivalents

$539M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$104M	$85M	+22.2%
Gross Profit	$64M	$51M	+24.9%
Operating Income	-$16M	-$17M	+6.1%
Net Income	-$14M	-$17M	+17.4%

Revenue Segments

Transactions

$85M100%

Geographic Segments

Europe, the Middle East and Africa (EMEA)

$43M41%

United States and Canada (Americas)

$42M40%

Asia and Pacific (APAC)

$19M18%