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Flywire (FLYW) Cost of Revenue (2020 - 2025)

Flywire's Cost of Revenue history spans 6 years, with the latest figure at $40.1 million for Q4 2025.

  • For Q4 2025, Cost of Revenue rose 20.33% year-over-year to $40.1 million; the TTM value through Dec 2025 reached $157.0 million, up 21.29%, while the annual FY2025 figure was $157.0 million, 21.29% up from the prior year.
  • Cost of Revenue for Q4 2025 was $40.1 million at Flywire, down from $41.9 million in the prior quarter.
  • Across five years, Cost of Revenue topped out at $41.9 million in Q3 2025 and bottomed at $10.9 million in Q2 2021.
  • The 5-year median for Cost of Revenue is $27.2 million (2023), against an average of $26.2 million.
  • The largest annual shift saw Cost of Revenue surged 73.18% in 2022 before it grew 15.69% in 2024.
  • A 5-year view of Cost of Revenue shows it stood at $15.9 million in 2021, then grew by 27.62% to $20.3 million in 2022, then skyrocketed by 42.11% to $28.8 million in 2023, then rose by 15.69% to $33.4 million in 2024, then rose by 20.33% to $40.1 million in 2025.
  • Per Business Quant, the three most recent readings for FLYW's Cost of Revenue are $40.1 million (Q4 2025), $41.9 million (Q3 2025), and $38.4 million (Q2 2025).