FLYW

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Flywire Corp.

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Key Metrics

Previous Close: $18.83
52-Week Range: $10.55 – $19.13
Market Cap: $2.28B
P/E (TTM): 69.44
EPS (TTM): 0.27
Dividend Yield: —

Advanced Metrics

Price/Book: 2.79
PEG Ratio: —
Return on Equity: 4.23%
Return on Assets: 2.18%
Gross Margin: 59.62%
Operating Margin: -1.35%
Profit Margin: 4.77%
Current Ratio: 1.52
Debt/Equity: 0.00
Total Debt: $1.47M
Free Cash Flow: $167.96M
Revenue Growth: 27.20%
Earnings Growth: —
Enterprise Value: $2.00B

FLYW Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$289.38M	$403.09M	$492.14M	$623.02M
Cost of Revenue	$107.93M	$147.34M	$177.49M	$240.36M
Gross Profit	$181.44M	$255.75M	$314.65M	$382.67M
Research & Development	$50.26M	$62.03M	$66.64M	$70.21M
Selling, General & Admin	$161.41M	$215.25M	$255.27M	$292.47M
Operating Expenses	$211.66M	$277.27M	$321.91M	$362.68M
Operating Income	-$30.22M	-$21.52M	-$7.25M	$19.98M
EBITDA	-$23.84M	$11.78M	$19.76M	$51.02M
Pretax Income	-$37.36M	-$4.35M	$1.86M	$21.44M
Income Tax	$1.99M	$4.21M	-$1.04M	$7.94M
Net Income	-$39.35M	-$8.57M	$2.90M	$13.50M
Diluted EPS	-0.36	-0.07	0.02	0.11
Diluted Shares	107.94M	114.83M	129.34M	127.75M

FLYW Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$349.18M	$654.61M	$495.24M	$330.30M
Receivables	$81.94M	$142.85M	$129.27M	$210.75M
Current Assets	$450.64M	$815.68M	$762.88M	$602.29M
Total Assets	$674.29M	$1.08B	$1.12B	$1.25B
Current Liabilities	$177.28M	$273.79M	$289.77M	$401.76M
Total Debt	$1.81M	$1.47M	$1.72M	$1.35M
Total Liabilities	$192.38M	$293.61M	$307.68M	$418.14M
Retained Earnings	-$165.20M	-$173.77M	-$170.87M	-$157.37M
Shareholders' Equity	$481.90M	$786.12M	$814.77M	$835.17M
Working Capital	$273.37M	$541.89M	$473.11M	$200.53M

FLYW Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	$5.43M	$76.35M	$98.67M	$100.17M
Capital Expenditure	-$7.07M	-$6.01M	-$6.24M	-$9.86M
Free Cash Flow	-$1.64M	$70.33M	$92.43M	$90.32M
Depreciation & Amortisation	$12.30M	$15.76M	$17.36M	$26.06M
Stock-Based Compensation	$30.26M	$43.73M	$64.93M	$71.78M
Investing Cash Flow	-$24.66M	-$38.78M	-$213.99M	-$194.23M
Financing Cash Flow	-$23.97M	$263.42M	-$37.63M	-$78.40M
Share Repurchases	$0.00	$0.00	-$43.74M	-$74.33M
Net Change in Cash	-$43.21M	$300.99M	-$152.96M	-$172.46M

FLYW Income statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Revenue	$133.45M	$131.89M	$200.14M	$157.54M	$188.11M
Cost of Revenue	$62.46M	$53.89M	$72.32M	$63.59M	$92.65M
Gross Profit	$70.99M	$78.00M	$127.82M	$93.95M	$95.46M
Research & Development	$16.91M	$17.11M	$17.65M	$18.54M	$19.43M
Selling, General & Admin	$52.23M	$68.55M	$77.92M	$76.38M	$60.05M
Operating Expenses	$72.14M	$85.66M	$95.57M	$94.92M	$84.68M
Operating Income	-$1.15M	-$7.65M	$32.25M	-$965.00K	$10.78M
EBITDA	$1.18M	$2.81M	$39.16M	$7.87M	$23.01M
Pretax Income	-$5.04M	-$5.03M	$31.20M	$311.00K	$14.69M
Income Tax	-$884.00K	$6.98M	$1.57M	$278.00K	$2.17M
Net Income	-$4.16M	-$12.01M	$29.63M	$33.00K	$12.52M
Diluted EPS	-0.03	-0.10	0.23	0.00	0.10
Diluted Shares	123.24M	121.81M	127.68M	128.29M	127.95M

FLYW Balance Sheet statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Cash & Equivalents	$190.51M	$249.69M	$354.91M	$330.30M	$311.89M
Receivables	$109.25M	$135.67M	$187.63M	$210.75M	$148.00M
Current Assets	$396.53M	$448.76M	$606.13M	$602.29M	$512.35M
Total Assets	$1.06B	$1.11B	$1.26B	$1.25B	$1.16B
Current Liabilities	$195.93M	$240.24M	$395.92M	$401.76M	$293.53M
Long-Term Debt	$60.00M	$60.00M	$15.00M	—	—
Total Debt	$61.57M	$61.42M	$16.25M	$1.35M	$1.45M
Total Liabilities	$276.08M	$321.92M	$430.74M	$418.14M	$310.15M
Retained Earnings	-$175.03M	-$187.04M	-$157.41M	-$157.37M	-$144.85M
Shareholders' Equity	$784.26M	$792.42M	$829.13M	$835.17M	$852.23M
Working Capital	$200.60M	$208.52M	$210.21M	$200.53M	$218.82M

FLYW Cash Flow statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Operating Cash Flow	-$80.79M	$25.98M	$150.10M	$4.89M	-$15.85M
Capital Expenditure	-$1.50M	-$2.63M	-$2.65M	-$3.08M	-$3.56M
Free Cash Flow	-$82.29M	$23.35M	$147.45M	$1.80M	-$19.41M
Depreciation & Amortisation	$5.50M	$6.77M	$6.77M	$7.02M	$8.02M
Stock-Based Compensation	$18.22M	$17.52M	$17.73M	$18.30M	$17.54M
Investing Cash Flow	-$237.41M	$40.99M	$5.26M	-$3.06M	$7.71M
Financing Cash Flow	$11.64M	-$8.02M	-$57.50M	-$24.52M	-$12.56M
Share Repurchases	-$49.30M	-$5.00M	-$10.02M	-$10.01M	-$10.03M
Net Change in Cash	-$306.57M	$58.95M	$97.86M	-$22.70M	-$20.70M

Market Snapshot

About

Flywire Corporation provides payment enablement and software solutions for complex, high-value transactions in education, healthcare, and travel industries. The company's cloud-based platform facilitates cross-border and domestic payments while streamlining reconciliation, reporting, and compliance processes for institutions and businesses. Flywire serves over 3,000 clients globally, including universities managing international student tuition payments, healthcare providers processing patient payments, and travel companies handling booking transactions. The platform supports multiple payment methods across more than 240 countries and territories, with currency optimization and fraud prevention capabilities. Flywire is headquartered in Boston, Massachusetts.