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Not quite.. its is pretty obvious thought that they do have wings.. why they cant fly with them is another matter of discussion:

“”His enemy halted again, facing him, and the shadow about it reached out like two vast wings.”

“…suddenly it drew itself up to a great height, and its wings were spread from wall to wall…”

“ “Swiftly they arose, and they passed with winged speed over Hithlum, and they came to Lammoth as a tempest of fire.

“Thus they roused from sleep a thing of terror that, flying from Thangorodrim, had lain hidden at the foundations of the earth since the coming of the Host of the West: a Balrog of Morgoth

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