FLYW — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-05-06

• Rapid domestic and international payments volume growth. We have grown our total payment volume by approximately 36.5% period-over-period from $8.4 billion during the three months ended March 31, 2025 to $11.4 billion during the three months ended March 31, 2026.

• $188.1 million and $133.5 million for the three months ended March 31, 2026 and 2025, respectively, and reported net income of $12.5 million and net loss of $4.2 million, respectively, for the same periods.

• On May 5, 2026, we announced our intention to initiate an accelerated share repurchase (ASR) program of up to $50.0 million under our existing Repurchase Program. We believe this intended action reflects our conviction in the intrinsic value of our business and our ability to generate consistent ope…

• In February 2025, we entered into a Purchase and Sale Agreement (the Agreement) to acquire the business of Sertifi LLC (Sertifi) for upfront cash consideration of $330.0 million, subject to certain post-closing adjustments set forth in the Agreement, and contingent consideration of up to $10.0 milli…

• In addition, sustaining our growth requires continued adoption of our platform by new clients and further adoption of use cases such as payment plans, by our clients’ customers. Our ability to influence our clients to expand their customers’ usage of our platform also depends on our ability to succe…

Text removed vs the prior filing · source: 10-Q · 2025-11-10

• As discussed in Note 1 - Business Overview and Summary of Significant Accounting Policies to the Condensed Consolidated Financial Statements included in Part I, Item 1 of this Form 10-Q, the Company has revised its financial statements for the nine months ended September 30, 2024 to correct certain …

• Rapid domestic and international payments volume growth. We have grown our total payment volume by approximately 26.4% period-over-period from $11.0 billion during the three months ended September 30, 2024 to $13.9 billion during the three months ended September 30, 2025. We have grown our total pay…

• 2023, respectively, and had net income of $2.9 million and net loss of $8.6 million, respectively, for the same years. We generated revenue of $465.5 million and $374.6 million for the nine months ended September 30, 2025 and 2024, respectively, and had net income of $13.5 million and $18.8 million,…

• In February 2025, we entered into a Purchase and Sale Agreement (the Agreement) to acquire the business of Sertifi LLC (Sertifi) for upfront cash consideration of $330.0 million, subject to certain post-closing adjustments set forth in the Agreement, and contingent consideration of up to $10.0 milli…

• In August 2024, we acquired all of the issued and outstanding shares of Invoiced for an estimated total aggregate purchase price of approximately $51.7 million, consisting of approximately $47.2 million in cash consideration, net of cash acquired and up to $7.5 million of contingent consideration. T…

Text added vs the prior filing · source: 10-Q · 2026-05-06

• recent consolidated financial information and ranges from 1.0% to 2.5%. The 2024 Amended Revolving Credit Facility incurs a commitment fee ranging from 0.25% to 0.35% based upon our consolidated total net leverage ratio as of the most recent consolidated financial information assessed on the average…

• As of March 31, 2026 and December 31, 2025, there was no outstanding indebtedness under the 2024 Amended Revolving Credit Facility. An immediate 10% increase or decrease in interest rates would not have a material effect on our financial position, results of operations or cash flows.

• Fluctuations in foreign currency exchange rates may also impact the value of assets and liabilities denominated in currencies other than the functional currencies of our entities. Our reporting currency and the functional currency of our subsidiaries, with the exception of our U.K. and Australian su…

• Inflation did not have a material effect on our cash flows and results of operations during the three months ended March 31, 2026. If our costs were to become subject to significant inflationary pressures, we may not be able to fully offset such higher costs through increase in prices of our product…

Text removed vs the prior filing · source: 10-Q · 2025-11-10

• As of September 30, 2025, there was $15.0 million outstanding indebtedness under the 2024 Amended Revolving Credit Facility. As of December 31, 2024, there was no outstanding indebtedness under the 2024 Revolving Credit Facility. An immediate 10% increase or decrease in interest rates would not have…

• Fluctuations in foreign currency exchange rates may also impact the value of assets and liabilities denominated in currencies other than the functional currencies of our entities. Our reporting currency and the functional currency of our subsidiaries, with the exception of our U.K. and Australian su…

• balance sheet date for assets and liabilities, and average exchange rates in effect during the period for revenue and expenses. Resulting translation adjustments are included as a component of accumulated other comprehensive (loss) income in our consolidated balance sheets. Gains and losses from the…

• Inflation did not have a material effect on our cash flows and results of operations during the nine months ended September 30, 2025. If our costs were to become subject to significant inflationary pressures, we may not be able to fully offset such higher costs through increase in prices of our prod…

Text added vs the prior filing · source: 10-Q · 2026-05-06

• We may experience quarterly and annual fluctuations in operating results.

• We undertook restructuring activities that may not yield their intended efficiencies and could strain resources, negatively impact workforce morale, and slow down execution of our strategic plans.

• We expect our revenue mix to vary over time, which could affect our gross profit, gross margin and results of operations.

• If our efforts to attract new clients and increase the number of our clients’ customers that use our solutions are unsuccessful, our revenue growth and operating results will be adversely affected.

• We may be subject to cyberattacks or security vulnerabilities.

Text removed vs the prior filing · source: 10-Q · 2025-11-10

• We may experience quarterly fluctuations in operating results.

• We expect our revenue mix to vary over time, which could affect our gross profit, gross margin and results of operations.

• We were incorporated in 2009 and although we have generated net income for the year ended December 31, 2024, we have incurred net losses in the past, and may continue to incur net losses in the future. We generated net income of $2.9 million for the year ended December 31, 2024, and generated net lo…

• If the assumptions we use to plan our business are incorrect or change in reaction to changes in our markets, or if we are unable to maintain consistent revenue or revenue growth, it may be difficult to achieve and maintain profitability. Our financial results from any prior quarterly or annual peri…

• relationship with us after implementation has begun, we would not only lose our time, effort and resources invested in such implementation, but we would also have lost the opportunity to leverage those resources to build a relationship with other clients over that same period of time.