Flywire (FLYW) Research & Development (2020 - 2026)
Flywire (FLYW) posted Research & Development of $19.4 million for Q1 2026, up 4.81% sequentially from $18.5 million in Q4 2025, and up 14.91% YoY from $16.9 million in Q1 2025.
Flywire (FLYW) Research & Development (2020 - 2026) Analysis & Trends
Flywire (FLYW) has 7 years of Research & Development data on file, last reported at $19.4 million in Q1 2026.
- Quarterly Research & Development rose 14.91% year-over-year to $19.4 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $72.7 million (up 8.86% YoY) and the FY2025 annual result came in at $70.2 million, up 5.36% from the prior year.
- Research & Development climbed to $19.4 million in Q1 2026 per FLYW's latest filing, from $18.5 million in the prior quarter.
- The five-year high for Research & Development was $19.4 million in Q1 2026, with the low at $11.0 million in Q1 2022.
- Average Research & Development over 5 years is $15.8 million, with a median of $16.7 million recorded in 2024.
- Year-over-year, Research & Development jumped 90.56% in 2022 and dropped 1.14% in 2024.
- Flywire's Research & Development stood at $12.7 million in 2022, then soared by 33.14% to $16.9 million in 2023, then climbed by 2.79% to $17.4 million in 2024, then advanced by 6.74% to $18.5 million in 2025, then climbed by 4.81% to $19.4 million in 2026.
- Business Quant data shows FLYW's Research & Development at $19.4 million in Q1 2026, $18.5 million in Q4 2025, and $17.6 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,853.66 Bn | 2,775.39 Bn | 56.06 Bn | 8.92 Bn |
| 2 | Oracle | 408.21 Bn | 376.86 Bn | 17.12 Bn | 2.61 Bn |
| 3 | Palantir Technologies | 300.98 Bn | 293.06 Bn | 1.42 Bn | 160.98 Mn |
| 4 | Palo Alto Networks | 247.84 Bn | 243.30 Bn | 1.91 Bn | 511.00 Mn |
| 5 | CrowdStrike Holdings | 193.63 Bn | 190.57 Bn | 993.68 Mn | 356.41 Mn |
| 6 | Fortinet | 117.45 Bn | 114.16 Bn | 1.49 Bn | 214.00 Mn |
| 7 | Cloudflare | 86.88 Bn | 85.93 Bn | 455.60 Mn | 150.97 Mn |
| 8 | Synopsys | 86.18 Bn | 86.06 Bn | 1.77 Bn | 714.99 Mn |
| 9 | Block | 46.10 Bn | 39.21 Bn | 2.91 Bn | 1.04 Bn |
| 10 | Flywire | 2.27 Bn | 1.94 Bn | 147.62 Mn | 19.43 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 19.43 Mn |
| Dec 31, 2025 | 18.54 Mn |
| Sep 30, 2025 | 17.65 Mn |
| Jun 30, 2025 | 17.11 Mn |
| Mar 31, 2025 | 16.91 Mn |
| Dec 31, 2024 | 17.37 Mn |
| Sep 30, 2024 | 16.70 Mn |
| Jun 30, 2024 | 15.83 Mn |
| Mar 31, 2024 | 16.74 Mn |
| Dec 31, 2023 | 16.90 Mn |
| Sep 30, 2023 | 14.59 Mn |
| Jun 30, 2023 | 16.02 Mn |
| Mar 31, 2023 | 14.52 Mn |
| Dec 31, 2022 | 12.69 Mn |
| Sep 30, 2022 | 13.39 Mn |
| Jun 30, 2022 | 13.20 Mn |
| Mar 31, 2022 | 10.98 Mn |
| Dec 31, 2021 | 9.09 Mn |
| Sep 30, 2021 | 7.75 Mn |
| Jun 30, 2021 | 6.93 Mn |