Flywire Corp (FLYW)
Flywire Corporation, together with its subsidiaries, operates as a payment enablement and software company in the United States, Europe, the Middle East, and Africa and the Asia Pacific. The company provides a payment platform that integrates into existing apps and workflows and have access to solutions, such as tailored invoicing, settlement and reconciliation tools, single sign-on and checkout, recurring payments, and split payouts. It also offers a payment network, which has access to a set of payment methods, including banks, third-party payment providers, payment networks, and digital wallets; and direct connections to alternative payment methods consisting of Alipay, Boleto, PayPal / Venmo, and Trustly. In addition, the company provides vertical-specific software comprising vertical-specific digital workflows; integration and synchronization to core and industry specific systems; real-time access; and predictive analytics. It serves education, healthcare, travel, and B2B industries. The company was formerly known as peerTransfer Corporation and changed its name to Flywire Corporation in December 2016. Flywire Corporation was incorporated in 2009 and is headquartered in Boston, Massachusetts.
Sector: Services-Business Services, NEC
Industry: Specialty Business Services
Flywire Corp
NASDAQ:FLYWIndustrials · Specialty Business Services
+1.46%$21.57
CLOSED · Nov 6Prev close$21.26+1.46%Close$21.57-0.65%AH close$21.43
AH$21.43-0.65%vs close
Mkt Cap$2.68B
Float109.26M
O/S124.42M
VOL2.5M sh
$ Vol$53.86M
RVOL1.35×
Inst Own-
SI10.6%
Dilution
Financials Summary
Revenue$623.02M
Net Income$13.5M
Total Assets$1.25B
Free Cash Flow$98.83M
Debt & Equity
Debt 0%
Equity 100%
Total Debt$1.35M
Total Equity$835.17M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in FLYW's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$1.25B
Liabilities$418.14M
Accounts Receivable$210.75M
Accounts Payable$15.3M
Inventory$0
PP&E (Net)$22.13M
Goodwill$406.51M
Intangible Assets$189.05M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Revenue | $623.02M | $492.14M | $403.09M | $289.38M | $201.15M | $131.78M | $94.92M |
| YoY Growth | 26.6% | 22.1% | 39.3% | 43.9% | 52.6% | 38.8% | - |
| Cost of Revenue | $240.36M | $177.49M | $147.34M | $107.93M | $70.19M | $47.8M | $36.73M |
| Gross Profit | $382.67M | $314.65M | $255.75M | $181.44M | $130.96M | $83.98M | $58.19M |
| Gross Margin | 61.4% | 63.9% | 63.4% | 62.7% | 65.1% | 63.7% | 61.3% |
| Research and Development | $70.21M | $66.64M | $62.03M | $50.26M | $31.3M | $24.5M | $15.01M |
| Selling, General, and Administrative | $292.47M | $255.27M | $215.25M | $161.41M | $112.92M | $75.29M | $60.64M |
| Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Operating Expenses | $362.68M | $321.91M | $277.27M | $211.66M | $144.22M | $99.79M | $75.65M |
| Operating Income (EBIT) | $19.98M | -$7.25M | -$21.52M | -$30.22M | -$13.26M | -$15.81M | -$17.46M |
| Operating Margin | 3.2% | -1.5% | -5.3% | -10.4% | -6.6% | -12.0% | -18.4% |
| Interest Expense | $3.53M | $538K | $372K | $1.21M | $2.02M | $2.53M | $2.46M |
| Interest Income | $5.64M | $21.44M | $13.35M | $0 | $0 | $100K | $600K |
| Other Income (Expense) | $1.46M | $9.12M | $17.17M | -$7.14M | -$12.67M | -$2.46M | -$2.11M |
| Income Before Tax (EBT) | $21.44M | $1.86M | -$4.35M | -$37.36M | -$25.93M | -$18.28M | -$19.57M |
| Income Tax Expense | $7.94M | -$1.04M | $4.21M | $1.99M | $2.16M | -$7.17M | $550K |
| Net Income | $13.5M | $2.9M | -$8.57M | -$39.35M | -$28.09M | -$11.11M | -$20.12M |
| Net Income Margin | 2.2% | 0.6% | -2.1% | -13.6% | -14.0% | -8.4% | -21.2% |
| Supplementary Data | |||||||
| EPS | 0.11 | 0.02 | -0.07 | -0.36 | -0.26 | -0.11 | -0.20 |
| Diluted EPS | 0.11 | 0.02 | -0.07 | -0.36 | -0.26 | -0.11 | -0.20 |
| Weighted Average OS | 122.38M | 124.27M | 114.83M | 107.94M | 106.44M | 101.11M | 101.11M |
| EBITDA | $51.02M | $19.76M | $11.78M | -$23.84M | -$14.91M | -$8.95M | -$13.38M |
| EBITDA Margin | 8.2% | 4.0% | 2.9% | -8.2% | -7.4% | -6.8% | -14.1% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Assets | |||||||
| Current Assets | |||||||
| Cash and Cash Equivalents | $330.3M | $495.24M | $654.61M | $349.18M | $385.36M | $104.05M | $86.03M |
| Short-Term Investments | $24.69M | $115.85M | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $355M | $611.09M | $654.61M | $349.18M | $385.36M | $104.05M | $86.03M |
| Accounts Receivable | $210.75M | $129.27M | $142.85M | $81.94M | $44.59M | $35.75M | $19.45M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $36.54M | $22.53M | $18.23M | $19.53M | $4M | $5M | $0 |
| Total Current Assets | $602.29M | $762.88M | $815.68M | $450.64M | $443.79M | $148.56M | $108.18M |
| Long-Term Assets | |||||||
| Property, Plant & Equipment Net | $22.13M | $17.16M | $15.13M | $13.32M | $9.44M | $5.1M | $4.85M |
| Goodwill | $406.51M | $149.56M | $121.65M | $97.77M | $85.84M | $44.65M | $12.92M |
| Intangible Assets | $189.05M | $118.68M | $108.18M | $97.62M | $93.6M | $68.21M | $14.3M |
| Long-Term Investments | $0 | $50.13M | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $33.34M | $24.04M | $19.09M | $14.95M | $7.18M | $4.92M | $749K |
| Total Long-Term Assets | $651.02M | $359.56M | $264.05M | $223.64M | $196.06M | $122.88M | $32.82M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $1.25B | $1.12B | $1.08B | $674.29M | $639.85M | $271.44M | $141M |
| Liabilities | |||||||
| Current Liabilities | |||||||
| Accounts Payable | $15.3M | $15.35M | $12.59M | $13.32M | $10.24M | $5.44M | $2.9M |
| Short-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $3.9M |
| Current Income Tax Payable | $0 | $8.7M | $6.27M | $5M | $2.65M | $1.03M | $321K |
| Current Unearned Revenue | $19.95M | $7.34M | $6.97M | $5.22M | $5.49M | $1.23M | $1.32M |
| Other Current Liabilities | $23.77M | $19.05M | $19.75M | $16.94M | $21.57M | $16.11M | $5.7M |
| Total Current Liabilities | $401.76M | $289.77M | $273.79M | $177.28M | $117.48M | $88.38M | $82.78M |
| Long-Term Liabilities | |||||||
| Long-Term Debt | $0 | $0 | $0 | $0 | $25.94M | $24.35M | $20.74M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $12.9M | $12.64M | $15.39M | $12.15M | $8.4M | $481K | $295K |
| Other Long-Term Liabilities | $3.48M | $5.26M | $4.43M | $2.96M | $5.83M | $239.99M | $112.47M |
| Total Long-Term Liabilities | $16.38M | $17.9M | $19.82M | $15.11M | $40.17M | $264.82M | $133.5M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $418.14M | $307.68M | $293.61M | $192.38M | $157.64M | $353.2M | $216.28M |
| Stockholders' Equity | |||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $13K | $13K | $12K | $11K | $11K | $2K | $2K |
| Retained Earnings | -$157.37M | -$170.87M | -$173.77M | -$165.2M | -$125.86M | -$97.77M | -$86.67M |
| Comprehensive Income & Other | $2.49M | -$2.07M | $1.32M | -$1.91M | -$399K | -$214K | $102K |
| Other Stockholders' Equity | $992.53M | $985.62M | $959.88M | $647.1M | $608.05M | $16.01M | $11.38M |
| Total Equity | $835.17M | $814.77M | $786.12M | $481.9M | $482.2M | -$81.76M | -$75.28M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $1.25B | $1.12B | $1.08B | $674.29M | $639.85M | $271.44M | $141M |
| Supplementary Data | |||||||
| Total Debt | $1.35M | $1.72M | $1.47M | $1.81M | $25.94M | $24.35M | $24.63M |
| Net Debt | -$328.96M | -$493.52M | -$653.14M | -$347.37M | -$359.42M | -$79.7M | -$61.39M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Operating Activities | |||||||
| Net Income | $13.5M | $2.9M | -$8.57M | -$39.35M | -$27.96M | -$11.11M | -$20.12M |
| Depreciation & Amortization | $26.06M | $17.36M | $15.76M | $12.3M | $9M | $6.79M | $3.73M |
| Deferred Income Tax | -$1.36M | -$8.79M | $72K | -$1.71M | -$45K | -$8.54M | -$11K |
| Stock-Based Compensation | $71.78M | $64.93M | $43.73M | $30.26M | $18.93M | $3.84M | $2.95M |
| Changes in Working Capital: | |||||||
| Accounts Receivable | -$74.99M | $13.78M | -$58.45M | -$323K | -$587K | -$7.99M | -$431K |
| Inventory | $0 | $0 | $0 | $0 | -$7.64M | $0 | $13.52M |
| Accounts Payable | $4.72M | $3.3M | $5.55M | $6.57M | $11.69M | $5.67M | $2.25M |
| Other Working Capital | $70.63M | -$721K | $79.74M | -$2.37M | -$159K | -$9.8M | $838K |
| Total Working Capital Change | $359K | $16.36M | $26.84M | $3.88M | $3.3M | -$12.12M | $16.17M |
| Other Non-Cash Items | -$10.15M | -$1.29M | $2.79M | -$506K | $13.91M | $6.9M | $1.35M |
| Net Cash from Operating | $100.17M | $91.47M | $80.63M | $4.88M | $17.13M | -$14.22M | $4.07M |
| Investing Activities | |||||||
| Capital Expenditures | -$1.35M | -$924K | -$1.01M | -$7.09M | -$6.68M | -$2.14M | -$3.75M |
| Acquisitions | -$324.92M | -$45.23M | -$32.76M | -$17.59M | -$56.11M | -$79.4M | $0 |
| Purchases of Investments | $0 | -$193.93M | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $29.6M | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $132.04M | -$5.32M | -$5M | $0 | -$119K | $0 | $0 |
| Net Cash from Investing | -$194.23M | -$215.8M | -$38.78M | -$24.68M | -$62.91M | -$81.54M | -$3.75M |
| Financing Activities | |||||||
| Debt Repaid | - | - | - | $25.94M | -$939K | - | -$10M |
| Common Stock Issuance | $0 | $0 | $261.12M | $5.67M | $268.69M | $0 | $0 |
| Common Stock Repurchases | -$78.55M | -$43.74M | $0 | $0 | $0 | $0 | -$295K |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $145K | $6.11M | $2.3M | -$3.7M | -$1.86M | -$706K | -$13.62M |
| Net Cash from Financing | -$78.4M | -$37.63M | $263.42M | -$23.97M | $327.51M | $119.05M | -$3.92M |
| Forex Effect | $7.52M | $2.6M | -$1.83M | $5.59M | -$1.42M | -$259K | $15K |
| Net Change in Cash | -$164.94M | -$159.37M | $303.43M | -$38.18M | $280.31M | $23.02M | -$3.58M |
| Supplementary Data | |||||||
| Operating Cash Flow | $100.17M | $91.47M | $80.63M | $4.88M | $17.13M | -$14.22M | $4.07M |
| Capital Expenditure | -$1.35M | -$924K | -$6.01M | -$7.09M | -$6.68M | -$2.14M | -$3.75M |
| Free Cash Flow | $98.83M | $90.54M | $74.61M | -$2.21M | $10.45M | -$16.36M | $325K |
| Cash at Beginning | $495.24M | $654.61M | $351.18M | $389.36M | $109.05M | $86.03M | $89.6M |
| Cash at End | $330.3M | $495.24M | $654.61M | $351.18M | $389.36M | $109.05M | $86.03M |