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| Date | Value |
|---|---|
| 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 |