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6May 5, 2026·SEC
Mar 26, 2026·SEC
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Flywire Corporation (FLYW) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Flywire Corporation (FLYW) stock price & volume — 10-year historical chart
Flywire Corporation (FLYW) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Flywire Corporation (FLYW) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q1 2026Latest | Feb 24, 2026 | $0.00vs $0.01+103.0% | $153Mvs $145M+5.6% |
| Q4 2025 | Nov 4, 2025 | $0.23vs $0.19+21.1% | $200Mvs $145M+38.1% |
| Q3 2025 | Aug 5, 2025 | $0.09vs $0.07-28.6% | $132Mvs $181M-27.0% |
| Q2 2025 | May 6, 2025 | $0.03vs $0.01+200.0% | $133Mvs $124M+7.7% |
Flywire Corporation (FLYW) competitors in Payments Processing and Fintech Services — business model, growth, and fundamentals comparison
Flywire Corporation (FLYW) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Flywire Corporation (FLYW) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 94.92M | 131.78M | 201.15M | 289.38M | 403.09M | 492.14M | 623.02M | 188.6B |
| Revenue Growth % | - | 38.84% | 52.64% | 43.86% | 39.3% | 22.09% | 26.59% | 36772.76% |
| Cost of Goods Sold | 36.73M | 47.8M | 70.19M | 107.93M | 147.34M | 177.49M | 240.36M | 189.8M |
| COGS % of Revenue | 38.69% | 36.28% | 34.89% | 37.3% | 36.55% | 36.06% | 38.58% | - |
| Gross Profit | 58.19M▲ 0% | 83.98M▲ 44.3% | 130.96M▲ 55.9% | 181.44M▲ 38.5% | 255.75M▲ 41.0% | 314.65M▲ 23.0% | 382.67M▲ 21.6% | 299.78M▲ 0% |
| Gross Margin % | 61.31% | 63.72% | 65.11% | 62.7% | 63.45% | 63.94% | 61.42% | 0.16% |
| Gross Profit Growth % | - | 44.31% | 55.94% | 38.55% | 40.96% | 23.03% | 21.61% | - |
| Operating Expenses | 75.65M | 99.79M | 144.22M | 211.66M | 277.27M | 321.91M | 371.37M | 100.16B |
| OpEx % of Revenue | 79.7% | 75.73% | 71.7% | 73.14% | 68.79% | 65.41% | 59.61% | - |
| Selling, General & Admin | 60.64M | 75.29M | 112.92M | 161.41M | 215.25M | 255.27M | 292.47M | 80.67B |
| SG&A % of Revenue | 63.89% | 57.13% | 56.14% | 55.78% | 53.4% | 51.87% | 46.94% | - |
| Research & Development | 15.01M | 24.5M | 31.3M | 50.26M | 62.03M | 66.64M | 70.21M | 19.49B |
| R&D % of Revenue | 15.81% | 18.59% | 15.56% | 17.37% | 15.39% | 13.54% | 11.27% | - |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 8.69M | 0 |
| Operating Income | -17.46M▲ 0% | -15.81M▲ 9.4% | -13.26M▲ 16.2% | -30.22M▼ 128.0% | -21.52M▲ 28.8% | -7.25M▲ 66.3% | 11.29M▲ 255.7% | 10.8B▲ 0% |
| Operating Margin % | -18.39% | -12% | -6.59% | -10.44% | -5.34% | -1.47% | 1.81% | 5.73% |
| Operating Income Growth % | - | 9.41% | 16.17% | -127.95% | 28.8% | 66.28% | 255.69% | - |
| EBITDA | -13.73M | -9.02M | -4.26M | -17.92M | -5.75M | 10.11M | 37.35M | 10.83B |
| EBITDA Margin % | -14.46% | -6.85% | -2.12% | -6.19% | -1.43% | 2.05% | 6% | 5.74% |
| EBITDA Growth % | - | 34.28% | 52.79% | -320.66% | 67.88% | 275.67% | 269.54% | 171071.97% |
| D&A (Non-Cash Add-back) | 3.73M | 6.79M | 9M | 12.3M | 15.76M | 17.36M | 26.06M | 24.06M |
| EBIT | -17.11M | -15.74M | -23.91M | -36.15M | -3.98M | 2.4M | 3.55B | 213.47M |
| Net Interest Income | -2.46M | -2.53M | -2.02M | 2.03M | 12.98M | 20.9M | 2.11B | 1.9B |
| Interest Income | 0 | 0 | 0 | 3.24M | 13.35M | 21.44M | 5.64B | 3B |
| Interest Expense | 2.46M | 2.53M | 2.02M | 1.21M | 372K | 538K | 3.53B | -116.01M |
| Other Income/Expense | -2.11M | -2.46M | -12.67M | -7.14M | 17.17M | 9.12M | 10.14M | 3.91B |
| Pretax Income | -19.57M▲ 0% | -18.28M▲ 6.6% | -25.93M▼ 41.9% | -37.36M▼ 44.1% | -4.35M▲ 88.4% | 1.86M▲ 142.7% | 21.44M▲ 1052.7% | 14.71B▲ 0% |
| Pretax Margin % | -20.61% | -13.87% | -12.89% | -12.91% | -1.08% | 0.38% | 3.44% | 7.8% |
| Income Tax | 550K | -7.17M | 2.16M | 1.99M | 4.21M | -1.04M | 7.94M | 2.18B |
| Effective Tax Rate % | -2.81% | 39.23% | -8.32% | -5.32% | -96.83% | -55.91% | 37.05% | 14.81% |
| Net Income | -20.12M▲ 0% | -11.11M▲ 44.8% | -28.09M▼ 152.9% | -39.35M▼ 40.1% | -8.57M▲ 78.2% | 2.9M▲ 133.9% | 13.5M▲ 365.4% | 12.54B▲ 0% |
| Net Margin % | -21.19% | -8.43% | -13.96% | -13.6% | -2.13% | 0.59% | 2.17% | 6.65% |
| Net Income Growth % | - | 44.79% | -152.86% | -40.1% | 78.23% | 133.85% | 365.41% | 252787.98% |
| Net Income (Continuing) | -20.12M | -11.11M | -28.09M | -39.35M | -8.57M | 2.9M | 13.5M | 12.54B |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.20▲ 0% | -0.11▲ 45.0% | -0.26▼ 136.4% | -0.36▼ 38.5% | -0.07▲ 79.3% | 0.02▲ 130.0% | 0.11▲ 391.1% | 97.98▲ 0% |
| EPS Growth % | - | 45% | -136.36% | -38.46% | 79.28% | 130.03% | 391.07% | 784.73% |
| EPS (Basic) | -0.20 | -0.11 | -0.26 | -0.36 | -0.07 | 0.02 | 0.11 | - |
| Diluted Shares Outstanding | 101.11M | 101.11M | 106.44M | 107.94M | 114.83M | 129.34M | 127.75M | 127.95M |
| Basic Shares Outstanding | 101.11M | 101.11M | 106.44M | 107.94M | 114.83M | 124.27M | 122.38M | 122.18M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - |
Flywire Corporation (FLYW) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 108.18M | 148.56M | 443.79M | 450.64M | 815.68M | 762.88M | 602.29M | 512.35B |
| Cash & Short-Term Investments | 86.03M | 104.05M | 385.36M | 349.18M | 654.61M | 611.09M | 355M | 325.08B |
| Cash Only | 86.03M | 104.05M | 385.36M | 349.18M | 654.61M | 495.24M | 330.3M | 311.89B |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 115.85M | 24.69M | 13.19B |
| Accounts Receivable | 19.45M | 35.75M | 44.59M | 81.94M | 142.85M | 129.27M | 210.75M | 148B |
| Days Sales Outstanding | 74.77 | 99.02 | 80.92 | 103.35 | 129.35 | 95.87 | 123.47 | 71.86 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - |
| Other Current Assets | 0 | 5M | 4M | 19.53M | 18.23M | 22.53M | 36.54M | 39.27B |
| Total Non-Current Assets | 32.82M | 122.88M | 196.06M | 223.64M | 264.05M | 359.56M | 651.02M | 650.03B |
| Property, Plant & Equipment | 4.85M | 5.1M | 9.44M | 13.32M | 15.13M | 17.16M | 22.13M | 24.33B |
| Fixed Asset Turnover | 19.57x | 25.83x | 21.30x | 21.73x | 26.63x | 28.68x | 28.16x | 30.93x |
| Goodwill | 12.92M | 44.65M | 85.84M | 97.77M | 121.65M | 149.56M | 406.51M | 406.77B |
| Intangible Assets | 14.3M | 68.21M | 93.6M | 97.62M | 108.18M | 118.68M | 189.05M | 183.15B |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 50.13M | 0 | 19.28M |
| Other Non-Current Assets | 749K | 4.92M | 7.18M | 14.95M | 19.09M | 24.04M | 33.34M | 35.87B |
| Total Assets | 141M▲ 0% | 271.44M▲ 92.5% | 639.85M▲ 135.7% | 674.29M▲ 5.4% | 1.08B▲ 60.1% | 1.12B▲ 4.0% | 1.25B▲ 11.7% | 1.16T▲ 0% |
| Asset Turnover | 0.67x | 0.49x | 0.31x | 0.43x | 0.37x | 0.44x | 0.50x | 0.65x |
| Asset Growth % | - | 92.51% | 135.72% | 5.38% | 60.13% | 3.96% | 11.66% | 109547.24% |
| Total Current Liabilities | 82.78M | 88.38M | 117.48M | 177.28M | 273.79M | 289.77M | 401.76M | 293.53B |
| Accounts Payable | 2.9M | 5.44M | 10.24M | 13.32M | 12.59M | 15.35M | 326.1M | 217.43B |
| Days Payables Outstanding | 28.85 | 41.5 | 53.26 | 45.06 | 31.18 | 31.57 | 495.2 | 104.85K |
| Short-Term Debt | 3.9M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 1.32M | 1.23M | 5.49M | 5.22M | 6.97M | 7.34M | 19.95M | 22.74B |
| Other Current Liabilities | 5.7M | 16.11M | 21.57M | 16.94M | 19.75M | 19.05M | 55.72M | 270.86B |
| Current Ratio | 1.31x | 1.68x | 3.78x | 2.54x | 2.98x | 2.63x | 1.50x | 1.50x |
| Quick Ratio | 1.31x | 1.68x | 3.78x | 2.54x | 2.98x | 2.63x | 1.50x | 1.50x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | -104.78K |
| Total Non-Current Liabilities | 133.5M | 264.82M | 40.17M | 15.11M | 19.82M | 17.9M | 16.38M | 16.62B |
| Long-Term Debt | 20.74M | 24.35M | 25.94M | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 295K | 481K | 8.4M | 12.15M | 15.39M | 12.64M | 12.9M | 13.42B |
| Other Non-Current Liabilities | 112.47M | 239.99M | 5.83M | 2.96M | 4.43M | 5.26M | 3.48M | 3.26B |
| Total Liabilities | 216.28M | 353.2M | 157.64M | 192.38M | 293.61M | 307.68M | 418.14M | 310.15B |
| Total Debt | 24.63M | 24.35M | 25.94M | 1.81M | 1.47M | 1.72M | 0 | 0 |
| Net Debt | -61.39M | -79.7M | -359.42M | -347.37M | -653.14M | -493.52M | -330.3M | -311.89B |
| Debt / Equity | - | - | 0.05x | 0.00x | 0.00x | 0.00x | - | 0.00x |
| Debt / EBITDA | - | - | - | - | - | 0.17x | - | 0.00x |
| Net Debt / EBITDA | - | - | - | - | - | -48.82x | -8.84x | -8.84x |
| Interest Coverage | -6.96x | -6.22x | -11.83x | -29.85x | -10.70x | 4.46x | 1.01x | -1.84x |
| Total Equity | -75.28M▲ 0% | -81.76M▼ 8.6% | 482.2M▲ 689.8% | 481.9M▼ 0.1% | 786.12M▲ 63.1% | 814.77M▲ 3.6% | 835.17M▲ 2.5% | 852.23B▲ 0% |
| Equity Growth % | - | -8.61% | 689.76% | -0.06% | 63.13% | 3.64% | 2.5% | 108565.39% |
| Book Value per Share | -0.74 | -0.81 | 4.53 | 4.46 | 6.85 | 6.30 | 6.54 | 6660.84 |
| Total Shareholders' Equity | -75.28M | -81.76M | 482.2M | 481.9M | 786.12M | 814.77M | 835.17M | 852.23B |
| Common Stock | 2K | 2K | 11K | 11K | 12K | 13K | 13K | 13M |
| Retained Earnings | -86.67M | -97.77M | -125.86M | -165.2M | -173.77M | -170.87M | -157.37M | -144.85B |
| Treasury Stock | -748K | -748K | -748K | -748K | -747K | -46.27M | 0 | 0 |
| Accumulated OCI | 102K | -214K | -399K | -1.91M | 1.32M | -2.07M | 2.49M | 1.55B |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Flywire Corporation (FLYW) cash flow — operating, investing & free cash flow history
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 4.07M | -14.22M | 17.13M | 4.88M | 80.63M | 91.47M | 100.17M | 100.17M |
| Operating CF Margin % | 4.29% | -10.79% | 8.52% | 1.69% | 20% | 18.59% | 16.08% | - |
| Operating CF Growth % | - | -449.2% | 220.45% | -71.51% | 1552.15% | 13.45% | 9.52% | -19673.78% |
| Net Income | -20.12M | -11.11M | -27.96M | -39.35M | -8.57M | 2.9M | 13.5M | 12.54B |
| Depreciation & Amortization | 3.73M | 6.79M | 9M | 12.3M | 15.76M | 17.36M | 27.99M | 8.03B |
| Stock-Based Compensation | 2.95M | 3.84M | 18.93M | 30.26M | 43.73M | 64.93M | 0 | 17.5B |
| Deferred Taxes | -11K | -8.54M | -45K | -1.71M | 72K | -8.79M | 0 | -663.63M |
| Other Non-Cash Items | 1.35M | 6.9M | 13.91M | -506K | 2.79M | -1.29M | 60.71M | -53.18B |
| Working Capital Changes | 16.17M | -12.12M | 3.3M | 3.88M | 26.84M | 16.36M | -2.03M | 104.45M |
| Change in Receivables | -431K | -7.99M | -587K | -323K | -58.45M | 13.78M | -11.28M | -5.72B |
| Change in Inventory | 13.52M | 0 | -7.64M | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 2.25M | 5.67M | 11.69M | 6.57M | 5.55M | 3.3M | 0 | -3B |
| Cash from Investing | -3.75M | -81.54M | -62.91M | -24.68M | -38.78M | -215.8M | -194.23M | 7.75B |
| Capital Expenditures | -3.75M | -2.14M | -6.68M | -7.09M | -1.01M | -924K | -1.35M | -145.98M |
| CapEx % of Revenue | 3.95% | 1.62% | 3.32% | 2.45% | 0.25% | 0.19% | 0.22% | - |
| Acquisitions | 0 | -79.4M | -56.11M | -17.59M | -32.76M | -45.23M | -324.92M | -5.09M |
| Investments | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 0 | -119K | 0 | -5M | -5.32M | 132.04M | -3.43B |
| Cash from Financing | -3.92M | 119.05M | 327.51M | -23.97M | 263.42M | -37.63M | -78.4M | -12.65B |
| Debt Issued (Net) | 10M | 0 | 939K | -25.94M | 0 | 0 | 0 | -60.76M |
| Equity Issued (Net) | -295K | 119.75M | 328.43M | 5.67M | 261.12M | -43.74M | -78.55M | -24.39M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | -295K | 0 | 0 | 0 | 0 | -43.74M | -78.55M | -10.06B |
| Other Financing | -13.62M | -706K | -1.86M | -3.7M | 2.3M | 6.11M | 145K | -12.56B |
| Net Change in Cash | -3.58M▲ 0% | 23.02M▲ 744.1% | 280.31M▲ 1117.4% | -38.18M▼ 113.6% | 303.43M▲ 894.7% | -159.37M▼ 152.5% | -164.94M▼ 3.5% | -18.27B▲ 0% |
| Free Cash Flow | 325K▲ 0% | -16.36M▼ 5135.1% | 10.45M▲ 163.8% | -2.21M▼ 121.2% | 74.61M▲ 3473.1% | 90.54M▲ 21.4% | 98.83M▲ 9.1% | -15.81B▲ 0% |
| FCF Margin % | 0.34% | -12.42% | 5.19% | -0.76% | 18.51% | 18.4% | 15.86% | -8.38% |
| FCF Growth % | - | -5135.08% | 163.84% | -121.17% | 3473.06% | 21.35% | 9.15% | -32665.46% |
| FCF per Share | 0.00 | -0.16 | 0.10 | -0.02 | 0.65 | 0.70 | 0.77 | 0.77 |
| FCF Conversion (FCF/Net Income) | -0.20x | 1.28x | -0.61x | -0.12x | -9.41x | 31.54x | 7.42x | -1.26x |
| Interest Paid | 0 | 2.1M | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Flywire Corporation (FLYW) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | - | -14.03% | -8.16% | -1.35% | 0.36% | 1.64% | 5.87% |
| Return on Invested Capital (ROIC) | - | -8.1% | -17.62% | -12.07% | -2.4% | 2.05% | 2.05% |
| Gross Margin | 63.72% | 65.11% | 62.7% | 63.45% | 63.94% | 61.42% | 0.16% |
| Net Margin | -8.43% | -13.96% | -13.6% | -2.13% | 0.59% | 2.17% | 6.65% |
| Debt / Equity | - | 0.05x | 0.00x | 0.00x | 0.00x | - | 0.00x |
| Interest Coverage | -6.22x | -11.83x | -29.85x | -10.70x | 4.46x | 1.01x | -1.84x |
| FCF Conversion | 1.28x | -0.61x | -0.12x | -9.41x | 31.54x | 7.42x | -1.26x |
| Revenue Growth | 38.84% | 52.64% | 43.86% | 39.3% | 22.09% | 26.59% | 36772.76% |
Flywire Corporation (FLYW) SEC filings — annual & quarterly reports (10-K, 10-Q)
May 5, 2026·SEC
Mar 26, 2026·SEC
Feb 24, 2026·SEC
Flywire Corporation (FLYW) stock FAQ — growth, dividends, profitability & financials explained
Flywire Corporation (FLYW) reported $188.60B in revenue for fiscal year 2025. This represents a 198599% increase from $94.9M in 2019.
Flywire Corporation (FLYW) grew revenue by 26.6% over the past year. This is strong growth.
Yes, Flywire Corporation (FLYW) is profitable, generating $12.54B in net income for fiscal year 2025 (2.2% net margin).
Flywire Corporation (FLYW) has a return on equity (ROE) of 1.6%. This is below average, suggesting room for improvement.
Flywire Corporation (FLYW) had negative free cash flow of $15.81B in fiscal year 2025, likely due to heavy capital investments.
Flywire Corporation (FLYW) financial analysis — history, returns, DCA and operating performance tools
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates