Flywire Corp

Flywire Corp

FLYW · NASDAQ · Technology / Software - Infrastructure

22.26USD+0.79 (+3.68%)

Price History

Full chart

Market Stats

Previous Close21.47
Open21.51
Day Range21.29 – 22.57
52-Week Range10.55 – 19.73
Volume2.40M
Market Cap2.08B
P/E (TTM)63.30
Forward P/E18.94
EPS0.27
Dividend Yield0.00%
Beta1.31
50-Day Avg17.84
200-Day Avg14.98

About

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.

Company Details

  • SectorTechnology
  • IndustrySoftware - Infrastructure
  • CEOMr. Michael Massaro
  • Employees1.50K
  • Headquarters141 Tremont Street, Boston, MA, United States, 02111, USA
  • Websitehttps://www.flywire.com

Leadership

  • Mr. Michael MassaroCEO & Director · b. 1980
  • Mr. Robert Orgel J.D.President & COO · b. 1970
  • Mr. Cosmin PitigoiChief Financial Officer · b. 1977
  • Ms. Maria Leonidovna Kahn C.F.A.Vice President of Investor Relations
  • Mr. Peter Butterfield J.D.General Counsel & Chief Compliance Officer · b. 1966
  • Mr. David R. KingChief Product Officer & Co-President of Global Education · b. 1970
  • Mr. Patrick BlancChief Technology Officer
  • Ms. Nicole JamesChief People Officer
  • Ms. Sharon ButlerCo-President of Global Education · b. 1967
  • Mr. John TalagaExecutive Vice President of Healthcare · b. 1968

Financials

Income Statement

Currency: USD2019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue94.92M131.78M201.15M289.38M403.09M492.14M623.02M
Growth (%)-+38.84%+52.64%+43.86%+39.30%+22.09%+26.59%
Cost of Revenue36.73M47.80M70.19M107.93M140.14M177.49M240.36M
Gross Profit58.19M83.98M130.96M181.44M403.09M314.65M382.67M
Gross Margin61.31%63.72%65.10%62.70%100.00%63.94%61.42%
Operating Expense75.65M99.79M144.22M211.66M424.61M321.91M362.68M
Operating Income-17.46M-15.81M-13.26M-30.22M-21.52M-7.25M19.98M
Operating Margin-18.39%-12.00%-6.59%-10.44%-5.34%-1.47%3.21%
EBITDA-13.38M-8.95M-14.91M-23.84M-21.52M19.76M51.02M
EBITDA Margin-14.09%-6.79%-7.41%-8.24%-5.34%4.02%8.19%
Net Income-20.12M-11.11M-28.09M-39.35M-8.57M2.90M13.50M
Net Income Margin-21.19%-8.43%-13.96%-13.60%-2.13%0.59%2.17%
R&D15.01M24.50M31.30M50.26M62.03M66.64M70.21M
R&D as % of Total Revenue15.81%18.59%15.56%17.37%15.39%13.54%11.27%
Interest Expense2.46M2.53M2.02M1.21M3.72M538.00K3.53M
Interest Expense % of Total Revenue2.59%1.92%1.00%0.42%0.92%0.11%0.57%

Balance Sheet

Currency: USD2019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets141.00M271.44M639.67M674.29M1.08B1.12B1.25B
Total Liabilities216.28M353.20M157.35M192.38M293.61M307.68M418.14M
Total Equity-75.28M-81.76M482.33M481.90M786.12M814.77M835.17M
Cash86.03M104.05M385.36M349.18M654.61M495.24M330.30M
Total Debt24.63M24.35M120.41M1.81M1.47M1.72M1.35M
Net Debt-61.39M-79.70M-359.42M-347.37M-653.14M-493.52M-328.96M

Cash Flow

Currency: USD2019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow4.07M-14.22M17.13M4.88M80.63M91.47M100.17M
Investing Cash Flow-3.75M-81.54M-62.91M-24.68M-38.78M-215.80M-194.23M
Financing Cash Flow-3.92M119.05M327.51M-23.97M263.42M-37.63M-78.40M
Capital Expenditure3.75M2.14M6.68M7.09M6.01M924.00K1.35M
Free Cash Flow325.00K-16.36M10.45M-2.21M74.61M90.54M98.83M
Dividends Paid10.45M--2.56M---
FCF to OCF7.98%115.05%60.98%-45.33%92.54%98.99%98.65%
Dividend Paid to FCF3216.31%---115.91%---

Earnings

Report DateMar 31, 2020Mar 31, 2021Jun 1, 2021Aug 10, 2021Nov 9, 2021Mar 2, 2022May 10, 2022Aug 9, 2022Nov 8, 2022Feb 28, 2023May 9, 2023Aug 8, 2023Nov 7, 2023Feb 27, 2024May 7, 2024Aug 6, 2024Nov 7, 2024Feb 25, 2025May 6, 2025Aug 5, 2025Nov 4, 2025Feb 24, 2026May 5, 2026Aug 4, 2026Nov 3, 2026
EPS Estimate0.000.00-0.02-0.14-0.01-0.05-0.02-0.110.11-0.100.02-0.080.18-0.070.070.010.29-0.000.100.070.35-0.010.18-0.030.31
EPS Actual0.03-0.41-0.04-0.060.12-0.11-0.02-0.100.12-0.010.02-0.050.170.010.100.020.39-0.120.120.020.370.140.21-0.07-
Surprise---132.56%57.14%1300.00%-120.00%0.00%9.09%9.09%90.00%0.00%37.50%-5.56%114.29%42.86%100.00%34.48%-5900.00%20.00%-71.43%5.71%1653.33%16.67%-133.33%-
Timing--After-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hours

Key Statistics & Ratios

Market Cap2.08B
Enterprise Value1.79B
Trailing P/E63.30
Forward P/E18.94
Price / Sales2.91
Price / Book2.51
EPS0.27
Book Value6.72
Revenue (TTM)713.54M
Gross Profit (TTM)425.43M
EBITDA63.42M
Profit Margin4.77%
Operating Margin-1.35%
Return on Equity4.23%
Return on Assets2.18%
Shares Outstanding121.67M
Shares Float97.25M
Beta1.31
Dividend Yield0.00%
Dividend Rate0.00
Payout Ratio0.00%

Analyst Ratings

Buy
Based on 16 analystsTarget 21.15
  • Strong Buy
    4
  • Buy
    2
  • Hold
    9
  • Sell
    1

Ownership Breakdown

Institutions
105.31%
Insiders
3.09%
Retail / Other
0.00%

Top Institutional Holders

  • Voss Capital LLC
    13.63M11.20%
  • BlackRock Inc
    8.66M7.12%
  • Temasek Holdings Ltd.
    6.17M5.07%
  • Divisadero Street Capital Management, LP
    6.07M4.99%
  • Cadian Capital Management LP
    5.74M4.72%
  • Wellington Management Company LLP
    5.34M4.39%
  • Jennison Associates LLC
    5.27M4.33%
  • Vanguard Capital Management, LLC
    5.04M4.15%
  • Vanguard Portfolio Management, LLC
    4.98M4.09%
  • Mangrove Partners
    3.01M2.48%
  • Geode Capital Management, LLC
    2.99M2.46%
  • State Street Corp
    2.86M2.35%
  • Citadel Advisors Llc
    2.59M2.13%
  • Wasatch Advisors LP
    2.51M2.06%
  • Arnhold & S. Bleichroeder Advisers, LLC
    2.31M1.90%
  • Dimensional Fund Advisors, Inc.
    2.25M1.85%

Top Fund Holders

  • Vanguard MStar Total Stk Mkt Idx Invest
    3.49M2.87%
  • iShares Russell 2000 ETF
    3.09M2.54%
  • Vanguard Small Cap Index
    2.52M2.07%
  • PGIM Jennison Small Company A
    1.96M1.61%