Flywire (FLYW) Research & Development (2020 - 2026)
Flywire (FLYW) posted Research & Development of $40.5 million for Q1 2026, up 186.8% sequentially from -$46.6 million in Q4 2025, and up 139.45% YoY from $16.9 million in Q1 2025.
Flywire (FLYW) Research & Development (2020 - 2026) Analysis & Trends
Flywire has reported Research & Development for 7 years, with the latest figure at $40.5 million in Q1 2026.
- Quarterly Research & Development rose 139.45% year-over-year to $40.5 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $52.9 million (down 36.15% YoY) and the FY2025 annual result came in at $70.2 million, down 45.76% from the prior year.
- Research & Development climbed to $40.5 million in Q1 2026 per FLYW's latest filing, from -$46.6 million in the prior quarter.
- Over five years, Research & Development peaked at $41.9 million in Q3 2025 and troughed at -$46.6 million in Q4 2025.
- A 5-year average of $18.4 million and a median of $17.1 million in 2025 frame the typical range for Research & Development.
- The widest YoY moves for Research & Development: up 151.04% in 2025, down 239.87% in 2025.
- Over 5 years, Research & Development stood at $12.7 million in 2022, then soared by 127.15% to $28.8 million in 2023, then grew by 15.69% to $33.4 million in 2024, then slumped by 239.87% to -$46.6 million in 2025, then soared by 186.8% to $40.5 million in 2026.
- According to Business Quant data, Research & Development over the past three periods registered $40.5 million, -$46.6 million, and $41.9 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,576.39 Bn | 3,443.64 Bn | 60.48 Bn | 10.00 Bn |
| 2 | Palantir Technologies | 412.58 Bn | 403.17 Bn | 1.64 Bn | 339.50 Mn |
| 3 | Oracle | 407.66 Bn | 375.77 Bn | - | 4.01 Bn |
| 4 | Palo Alto Networks | 299.27 Bn | 296.16 Bn | 2.03 Bn | 1.16 Bn |
| 5 | Fortinet | 115.83 Bn | 111.76 Bn | 1.64 Bn | 669.10 Mn |
| 6 | Cloudflare | 106.65 Bn | 102.48 Bn | 499.52 Mn | 276.12 Mn |
| 7 | Synopsys | 76.61 Bn | 74.41 Bn | 1.77 Bn | 396.38 Mn |
| 8 | CoreWeave | 51.53 Bn | 45.99 Bn | 1.70 Bn | 60.00 Mn |
| 9 | Block | 47.55 Bn | 41.12 Bn | 3.17 Bn | 664.96 Mn |
| 10 | Flywire | 2.23 Bn | 1.93 Bn | - | 38.91 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 38.91 Mn |
| Mar 31, 2026 | 40.49 Mn |
| Dec 31, 2025 | -46.65 Mn |
| Sep 30, 2025 | 41.91 Mn |
| Jun 30, 2025 | 17.11 Mn |
| Mar 31, 2025 | 16.91 Mn |
| Dec 31, 2024 | 33.35 Mn |
| Sep 30, 2024 | 16.70 Mn |
| Jun 30, 2024 | 15.83 Mn |
| Mar 31, 2024 | 16.74 Mn |
| Dec 31, 2023 | 28.83 Mn |
| Sep 30, 2023 | 27.08 Mn |
| Jun 30, 2023 | 27.27 Mn |
| Mar 31, 2023 | 14.52 Mn |
| Dec 31, 2022 | 12.69 Mn |
| Sep 30, 2022 | 13.39 Mn |
| Jun 30, 2022 | 18.89 Mn |
| Mar 31, 2022 | 17.61 Mn |
| Dec 31, 2021 | 15.90 Mn |
| Sep 30, 2021 | 7.75 Mn |