Flywire Corporation FLYW R2K
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.
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Valuation
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Growth (CAGR)
PROS
- Compounding revenue at 29.1% over 5 years.
- Profit CAGR of 44.8% over 5 years.
- Generates positive free cash flow.
- In a confirmed uptrend (50-DMA above 200-DMA).
CONS
- Trading at a high P/E of 66.8.
* The pros and cons are auto-generated from financial metrics.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth
No fundamental data available for this stock.
Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).
Peer comparison
Peer companies in the same sector (Technology).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | FLYW Flywire Corporation R2K | 16.04 | 66.83 | $1.98B | - | 2.93% | 3.69% | 29.13% | 44.77% |
| 2 | NVDA NVIDIA Corporation NDXSPXAI | 211.14 | 32.38 | $5.11T | 0.47% | 81.14% | 114.29% | 100.05% | 201.80% |
| 3 | AAPL Apple Inc. NDXSPX | 312.06 | 37.73 | $4.58T | 0.35% | 68.72% | 141.47% | 1.81% | 3.92% |
| 4 | MSFT Microsoft Corporation NDXSPXAI | 450.24 | 26.82 | $3.34T | 0.81% | 26.37% | 34.01% | 12.42% | 11.87% |
| 5 | TSM Taiwan Semiconductor Manufacturing Company Limited AI | 418.45 | 35.86 | $2.17T | 0.91% | 32.04% | 36.21% | 18.94% | 19.57% |
| 6 | MU Micron Technology, Inc. NDXSPXAI | 971.00 | 45.87 | $1.10T | 0.06% | 14.20% | 39.82% | 6.71% | -0.57% |
| 7 | AMD Advanced Micro Devices, Inc. NDXSPXAI | 516.10 | 172.61 | $841.55B | - | 6.33% | 8.06% | 13.64% | 48.64% |
| 8 | ORCL Oracle Corporation SPXAI | 225.78 | 40.46 | $649.35B | 0.89% | 13.07% | 57.57% | 10.59% | 22.81% |
| 9 | ASML ASML Holding N.V. NDXAI | 1,612.76 | 53.76 | $621.59B | 0.54% | 43.81% | 52.24% | 15.55% | 19.55% |
Quarterly Results
Figures in USD.
| Metric | Jun 2020 | Sep 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 23.76M | 42.09M | 44.99M | 36.98M | 67.79M | 64.55M | 56.54M | 95.23M | 94.36M | 84.87M | 123.32M | 114.10M | 103.68M | 156.81M | 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 |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 72.14M | 85.66M | 95.57M | 94.92M | 84.68M |
| Operating Income | -15.16M | 5.42M | -6.47M | -7.56M | 11.10M | -7.10M | -17.40M | 3.65M | -6.57M | -16.81M | 11.89M | -5.96M | -15.79M | 20.27M | -1.15M | -7.65M | 32.25M | -965.00K | 10.78M |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.18M | 2.81M | 39.16M | 7.87M | 23.01M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 724.00K | 1.06M | 1.20M | 540.00K | 303.00K |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -5.04M | -5.03M | 31.20M | 311.00K | 14.69M |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -884.00K | 6.98M | 1.57M | 278.00K | 2.17M |
| Net Income | -16.00M | 5.22M | -8.65M | -18.15M | 9.99M | -10.15M | -23.80M | -4.27M | -3.68M | -16.81M | 10.64M | -6.22M | -13.88M | 38.90M | -4.16M | -12.01M | 29.63M | 33.00K | 12.52M |
| Diluted EPS | - | 0.04 | - | -0.35 | 0.08 | -0.10 | -0.22 | -0.04 | -0.03 | -0.15 | 0.08 | -0.05 | -0.11 | 0.30 | -0.03 | -0.10 | 0.23 | 0.00 | 0.10 |
| R&D Expense | 6.38M | 6.08M | 7.52M | 6.93M | 7.75M | 10.98M | 13.20M | 13.38M | 14.52M | 16.02M | 14.59M | 16.74M | 15.83M | 16.70M | 16.91M | 17.11M | 17.65M | - | 19.43M |
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | 94.92M | 131.78M | - | 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 |
| Operating Expenses | - | - | - | 211.66M | 277.27M | 321.91M | 362.68M |
| Operating Income | -17.46M | -15.81M | - | -30.22M | -21.52M | -7.25M | 19.98M |
| EBITDA | - | - | - | -23.84M | 11.78M | 19.76M | 51.02M |
| Interest Expense | - | - | - | 1.21M | 372.00K | 538.00K | 3.53M |
| Pretax Income | - | - | - | -37.36M | -4.35M | 1.86M | 21.44M |
| Tax Provision | - | - | - | 1.99M | 4.21M | -1.04M | 7.94M |
| Net Income | -20.12M | -11.11M | - | -39.35M | -8.57M | 2.90M | 13.50M |
| Diluted EPS | - | -0.60 | - | -0.36 | -0.07 | 0.02 | 0.11 |
| R&D Expense | 15.01M | 24.50M | 31.30M | 50.26M | 62.03M | 66.64M | 70.21M |
Compounded Sales Growth
| 5 Years: | 29.13% |
| 1 Year: | 41.00% |
Compounded Profit Growth
| 5 Years: | 44.77% |
| 1 Year: | - |
Stock Price Performance
| 1 Year: | +49.21% |
| 6 Months: | +16.40% |
| 3 Months: | +30.30% |
| 1 Month: | +17.25% |
Balance Sheet (Annual)
Figures in USD.
| Metric | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | - | - | 271.44M | - | 674.29M | 1.08B | 1.12B | 1.25B |
| Current Assets | - | - | - | - | 450.64M | 815.68M | 762.88M | 602.29M |
| Cash & Equivalents | - | - | 104.05M | - | 349.18M | 654.61M | 495.24M | 330.30M |
| Inventory | - | - | - | - | - | - | - | - |
| Receivables | - | - | - | - | 13.70M | 18.21M | 23.70M | 34.78M |
| Total Liabilities | - | - | 123.03M | - | 192.38M | 293.61M | 307.68M | 418.14M |
| Current Liabilities | - | - | 88.38M | - | 177.28M | 273.79M | 289.77M | 401.76M |
| Long Term Debt | - | - | 24.35M | 25.94M | - | - | - | - |
| Total Debt | - | - | - | - | 1.81M | 1.47M | 1.72M | 1.35M |
| Total Equity | -58.34M | -75.28M | -81.76M | - | 481.90M | 786.12M | 814.77M | 835.17M |
| Shares Outstanding | - | - | - | - | 111.66M | 124.88M | 128.73M | 132.21M |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 4.07M | -14.22M | - | 5.43M | 76.35M | 98.67M | 100.17M |
| Investing Cash Flow | -3.75M | -81.54M | - | -24.66M | -38.78M | -213.99M | -194.23M |
| Financing Cash Flow | -3.92M | 119.05M | - | -23.97M | 263.42M | -37.63M | -78.40M |
| Capital Expenditure | -3.75M | -2.14M | - | -7.07M | -6.01M | -6.24M | -9.86M |
| Free Cash Flow | 325.00K | -16.36M | - | -1.64M | 70.33M | 92.43M | 90.32M |
| Net Change in Cash | - | - | - | -43.21M | 300.99M | -152.96M | -172.46M |
| Share Buybacks | 295.00K | 0 | 0 | - | - | - | - |
Ratios (Annual)
Figures in %.
| Metric | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|
| Gross Margin % | - | - | - | 62.7% | 63.4% | 63.9% | 61.4% |
| Operating Margin % | -18.4% | -12.0% | - | -10.4% | -5.3% | -1.5% | 3.2% |
| Net Margin % | -21.2% | -8.4% | - | -13.6% | -2.1% | 0.6% | 2.2% |
| ROE % | 26.7% | 13.6% | - | -8.2% | -1.1% | 0.4% | 1.6% |
| ROCE % | - | -8.6% | - | -6.1% | -2.7% | -0.9% | 2.3% |
Shareholding Pattern
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | Voss Capital, LP | 11.21% | 13.62M | $218.55M |
| 2 | Blackrock Inc. | 7.13% | 8.66M | $138.97M |
| 3 | Cadian Capital Management, LP | 5.45% | 6.62M | $106.15M |
| 4 | Temasek Holdings (Private) Ltd | 5.08% | 6.17M | $99.02M |
| 5 | Divisadero Street Capital Management, LP | 4.99% | 6.07M | $97.37M |
| 6 | Jennison Associates LLC | 4.36% | 5.30M | $84.99M |
| 7 | Wellington Management Group, LLP | 4.34% | 5.28M | $84.62M |
| 8 | Vanguard Capital Management LLC | 4.15% | 5.04M | $80.91M |
| 9 | Vanguard Portfolio Management LLC | 4.09% | 4.98M | $79.82M |
| 10 | Citadel Advisors Llc | 2.79% | 3.39M | $54.32M |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
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