Flywire (FLYW) Research & Development (2020 - 2026)

Flywire (FLYW) reported Research & Development of $40.5 million for Q1 2026, up 139.45% on a YoY basis from $16.9 million in Q1 2025, and up 186.8% sequentially from -$46.6 million in Q4 2025.

Flywire (FLYW) Research & Development (2020 - 2026) Analysis & Trends

Flywire (FLYW) has 7 years of Research & Development data on file, last reported at $40.5 million in Q1 2026.

  • For the quarter ending Q1 2026, Research & Development rose 139.45% year-over-year to $40.5 million; the trailing twelve-month figure through Mar 2026 stood at $52.9 million (down 36.15% YoY), and the FY2025 full-year result was $70.2 million, down 45.76% from the prior year.
  • Research & Development climbed to $40.5 million in Q1 2026, from -$46.6 million in the prior quarter.
  • In the past five years, Research & Development ranged from a high of $41.9 million in Q3 2025 to a low of -$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.
  • Peak annual rise in Research & Development reached 151.04% in 2025, while the deepest fall reached 239.87% in 2025.
  • Tracing FLYW's Research & Development over 5 years: stood at $12.7 million in 2022, then soared by 127.15% to $28.8 million in 2023, then gained by 15.69% to $33.4 million in 2024, then tumbled by 239.87% to -$46.6 million in 2025, then soared by 186.8% to $40.5 million in 2026.
  • Business Quant data shows FLYW's Research & Development at $40.5 million in Q1 2026, -$46.6 million in Q4 2025, and $41.9 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Microsoft 2,921.46 Bn 2,797.02 Bn 56.06 Bn 6.81 Bn
2 PagSeguro Digital 2,686.70 Bn 2,686.70 Bn 358.92 Mn -
3 Oracle 344.13 Bn 312.24 Bn - 4.01 Bn
4 Repay Holdings 342.29 Bn 342.15 Bn - -
5 Palantir Technologies 294.57 Bn 286.54 Bn 1.42 Bn 160.98 Mn
6 Palo Alto Networks 224.46 Bn 219.93 Bn 1.91 Bn 823.00 Mn
7 CrowdStrike Holdings 182.52 Bn 179.42 Bn 993.68 Mn 802.89 Mn
8 Fortinet 111.29 Bn 107.99 Bn 1.49 Bn 636.30 Mn
9 Cloudflare 93.63 Bn 92.68 Bn 455.60 Mn 271.60 Mn
10 Flywire 2.01 Bn 1.68 Bn - 40.49 Mn

Historic Data

Download Data
DateValue
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
Jun 30, 2021 10.91 Mn