Flywire Corp 2024年度报告

Securities registered pursuant to Section 12(b) of the Act: Securities registered pursuant to Section 12(g) of the Act:None Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.Yes☒No☐ Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Act. Yes☐No☒ Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T(§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growthcompany. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the ExchangeAct. Large accelerated filer☒Non-accelerated filer☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financialaccounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect thecorrection of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of theregistrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☒ As of June 28, 2024, the last business day of the registrant’s mostly recently completed second fiscal quarter, the aggregate market value of the voting and non-votingcommon stock held by non-affiliates of the registrant was $1,976,147,414based upon the closing sale price of our voting common stock of $16.39per share on that date.Shares of voting common stock held by each executive officer, director and stockholders known by the registrant to be affiliated with such individuals based on public filingsand other information known to the registrant have been excluded since such persons may be deemed affiliates. As of February 20, 2025, the registrant had121,719,438shares of voting common stock, $0.0001 par value per share, outstanding and1,873,320shares of non-votingcommon stock $0.0001 par value per share, outstanding. DOCUMENTS INCORPORATED BY REFERENCE Portions of the registrant’s proxy statement for the 2025 annual meeting of stockholders to be filed pursuant to Regulation 14A within 120 days after the registrant’s fiscalyear ended December 31, 2024, are incorporated by reference in Part III of this Form 10-K. Table of Contents Special Note Regarding Forward-Looking Statements2 PART I Item 1.BusinessItem 1A.Risk FactorsItem 1B.Unresolved Staff CommentsItem 1C.CybersecurityItem 2.PropertiesItem 3.Legal ProceedingsItem 4.Mine Safety Disclosures PART II Item 5.Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases ofEquity Securities77Item 6.[Reserved]78Item 7.Management’s Discussion and Analysis of Financial Condition and Results of Operations79Item 7A.Quantitative and Qualitative Disclosures About Market Risk104Item 8.Financial Statements and Supplementary Data106Item 9.Changes in and Disagreements with Accountants on Accounting and Financial Disclosure151Item 9A.Controls and Procedures151Item 9B.Other Information152Item 9C.Disclosure Regarding Foreign Jurisdictions that Prevent Inspections152 PART III Item 10.Directors, Executive Officers and Corporate Governance153Item 11.Executive Compensation153Item 12.Security Ownership of Certain Beneficial Owners and Management and Related StockholderMatters153Item 13.Certain Relationships and Related Transactions, and Director Independence154Item 14.Principal Accounting Fees and Services154 PART IV Item 15.Exhibits, Financial Statement Schedules155Item 16.Form 10-K Summary157Signatures158 SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS This Annual Report on Form 10-K, as well as information included in oral statements or other written statementsmade or to be made by us, contains forward-looking statements within the meaning of Section 27A