Flywire Corp PP&E Disclosure
Property and equipment, net consisted of the following as of the dates presented (dollars in thousands):
|
Estimated Useful Life |
|
Year Ended December 31, |
||||
|
(years) |
|
2025 |
|
2024 |
||
Internal-use software |
5 |
|
$ |
31,074 |
|
$ |
23,378 |
Computer equipment and software |
3 - 5 |
|
|
4,708 |
|
|
3,907 |
Leasehold improvements |
|
|
4,305 |
|
|
5,456 |
|
Furniture and fixtures |
3 |
|
|
788 |
|
|
904 |
Total property and equipment |
|
|
|
40,875 |
|
|
33,645 |
Less: Accumulated depreciation and amortization (a) |
|
|
|
(18,750) |
|
|
(16,485) |
Property and equipment, net |
|
|
$ |
22,125 |
|
$ |
17,160 |
(a) For the year ended December 31, 2025, accumulated depreciation and amortization expense included $2,418 thousand of computer disposals
and $1,321 thousand of foreign currency translation adjustment losses. For the year ended December 31, 2024, accumulated depreciation and amortization expense included $348 thousand of computer disposals and $1,290 thousand of foreign currency translation adjustment losses.
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 24, 2026 | Showing above |
| 2024 | Feb 26, 2025 | |
| 2023 | Feb 28, 2024 | |
| 2022 | Mar 10, 2023 | |
| 2021 | Mar 29, 2022 | |
About PP&E Disclosures
The PP&E disclosure details a company's physical asset base — land, buildings, machinery, and equipment — along with the depreciation methods and useful life assumptions that determine how these costs flow through the income statement. Capitalization policy thresholds reveal management's judgment on the boundary between expense and asset, directly affecting both reported earnings and asset values.
Key signals: changes in estimated useful lives or depreciation methods can materially shift reported earnings without any operational change. Compare capital expenditures against depreciation expense — when capex consistently trails depreciation, the asset base may be aging and underinvested. Watch for large asset impairments or write-downs that signal overvalued carrying amounts. Asset retirement obligations reveal future environmental or decommissioning costs that are often underappreciated. Compare PP&E intensity (PP&E-to-revenue) against industry peers to assess capital efficiency and competitive positioning.