A Business at a Glance
0 of 5 daily views used (5 remaining). Sign up free for 10 daily views, or try AAPL for a full preview.
Our Mission Our mission is to deliver the most important and complex payments. In an increasingly digital world, getting paid means Flywire. Our Company Flywire is a leading global payments enablement and software company. Our next-gen payments platform, proprietary global payment network, and vertical-specific software help our clients get paid and help their customers pay with ease—no matter where they are in the world. Our clients rely on us for integrated solutions that are both global and local, and combine tailored invoicing, flexible payment options, and highly personalized omni-channel experiences. We believe we make generational advances for our clients by transforming payments into a source of value and growth for their organizations while delighting their customers with payment experiences that are engaging, secure, fast, and transparent.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 623M | 623M | 492M | 403M | 289M | 201M |
| Net Income | 13M | 13M | 2.9M | -8.6M | -39M | -28M |
| EPS | $0.11 | $0.11 | $0.02 | $-0.07 | $-0.36 | $-0.39 |
| Free Cash Flow | 99M | 99M | 98M | 80M | -1.6M | 10M |
| ROIC | 1.4% | 2.1% | 0.4% | -1.1% | -8.2% | -5.5% |
| Gross Margin | - | - | - | - | - | - |
| Debt/Equity | 0.00 | 0.50 | 0.38 | 0.37 | 0.00 | 0.05 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | 11M | 11M | -7.3M | -22M | -30M | -13M |
| Operating Margin | 1.8% | 1.8% | -1.5% | -5.3% | -10.4% | -6.6% |
| ROE | 1.6% | 1.6% | 0.4% | -1.1% | -8.2% | -5.8% |
| Shares Outstanding | 123M | 123M | 145M | 122M | 109M | 72M |
| Metric | 2020 | 2021 | 2022 | 2023 | |||
|---|---|---|---|---|---|---|---|
| Income Statement | |||||||
| Revenue | 132M | 201M | 289M | 403M | 492M | 623M | 623M |
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D | 25M | 31M | 50M | 62M | 67M | 70M | 70M |
| SG&A | 43M | 62M | 83M | 108M | 126M | 135M | 135M |
| EBIT | -16M | -13M | -30M | -22M | -7.3M | 11M | 11M |
| Op. Margin | -12.0% | -6.6% | -10.4% | -5.3% | -1.5% | 1.8% | 1.8% |
| Net Income | -11M | -28M | -39M | -8.6M | 2.9M | 13M | 13M |
| Net Margin | -8.4% | -14.0% | -13.6% | -2.1% | 0.6% | 2.2% | 2.2% |
| Non-Recurring | 0 | 0 | 0 | 0 | 0 | 8.7M | 8.7M |
| Returns on Capital | |||||||
| ROIC | -5.8% | -5.5% | -8.2% | -1.1% | 0.4% | 2.1% | 1.4% |
| ROE | N/A | -5.8% | -8.2% | -1.1% | 0.4% | 1.6% | 1.6% |
| ROA | -4.1% | -4.4% | -5.8% | -0.8% | 0.3% | 1.1% | 1.1% |
| Cash Flow | |||||||
| Op. Cash Flow | -14M | 17M | 5.4M | 81M | 99M | 100M | 100M |
| Free Cash Flow | -16M | 10M | -1.6M | 80M | 98M | 99M | 99M |
| Owner Earnings | -25M | -11M | -37M | 21M | 16M | 2.3M | 2.3M |
| CapEx | 2.1M | 6.7M | 7.1M | 1.0M | 924K | 1.4M | 1.4M |
| Maint. CapEx | 6.8M | 9.0M | 12M | 16M | 17M | 26M | 26M |
| Growth CapEx | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| D&A | 6.8M | 9.0M | 12M | 16M | 17M | 26M | 26M |
| CapEx/OCF | N/A | 39.0% | 24.9% | 1.3% | 0.9% | 1.3% | 1.3% |
| Capital Allocation | |||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 0 | 0 | 0 | 46M | 73M | 73M |
| Buyback Yield | N/A | N/A | N/A | N/A | N/A | N/A | 4.9% |
| Stock-Based Comp | 3.8M | 19M | 30M | 44M | 65M | 72M | 72M |
| Debt Repayment | 4.2M | 25M | 26M | 0 | 0 | 125M | 125M |
| Balance Sheet | |||||||
| Net Debt | -184M | -745M | -698M | N/A | N/A | N/A | -330M |
| Cash & Equiv. | 104M | 385M | 349M | 655M | 495M | 330M | 330M |
| Long-Term Debt | 24M | 26M | 0 | N/A | N/A | N/A | N/A |
| Debt/Equity | -0.30 | 0.05 | 0.00 | 0.37 | 0.38 | 0.50 | 0.00 |
| Interest Coverage | -6.2 | -6.6 | -25.0 | -57.8 | -13.5 | 3.2 | 3.2 |
| Equity | -82M | 482M | 482M | 786M | 815M | 835M | 835M |
| Total Assets | 271M | 640M | 674M | 1.1B | 1.1B | 1.3B | 1.3B |
| Total Liabilities | 123M | 158M | 192M | 294M | 308M | 418M | 418M |
| Intangibles | 68M | 94M | 98M | 108M | 119M | 189M | 189M |
| Retained Earnings | -98M | -126M | -165M | -174M | -171M | -157M | -157M |
| Working Capital | 60M | 326M | 273M | 542M | 473M | 201M | 201M |
| Current Assets | 149M | 444M | 451M | 816M | 763M | 602M | 602M |
| Current Liabilities | 88M | 117M | 177M | 274M | 290M | 402M | 402M |
| Per Share Data | |||||||
| EPS | -0.60 | -0.39 | -0.36 | -0.07 | 0.02 | 0.11 | 0.11 |
| Owner EPS | -0.23 | -0.15 | -0.34 | 0.17 | 0.11 | 0.02 | 0.02 |
| Book Value | -0.76 | 6.69 | 4.41 | 6.42 | 5.62 | 6.81 | 6.81 |
| Cash Flow/Share | -0.13 | 0.24 | 0.05 | 0.66 | 0.68 | 0.82 | 0.32 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 107.0M | 72.0M | 109.3M | 122.4M | 145.0M | 122.7M | 122.7M |
| Valuation | |||||||
| P/E Ratio | N/A | N/A | N/A | N/A | N/A | 131.4 | 111.2 |
| P/FCF | N/A | 251.8 | N/A | 36.6 | 30.0 | 17.9 | 15.2 |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | 103.6 |
| Price/Book | N/A | 5.5 | 5.0 | 3.7 | 3.6 | 2.1 | 1.8 |
| Price/Sales | N/A | 14.2 | 9.2 | 8.6 | 5.8 | 2.6 | 2.4 |
| FCF Yield | N/A | 0.4% | -0.1% | 2.7% | 3.3% | 5.6% | 6.6% |
| Market Cap | N/A | 2.6B | 2.4B | 2.9B | 2.9B | 1.8B | 1.5B |
| Avg. Price | N/A | 39.72 | 24.47 | 28.35 | 19.78 | 13.00 | 12.23 |
| Year-End Price | N/A | 36.51 | 21.96 | 23.81 | 20.25 | 14.45 | 12.23 |
Flywire Corp passes 2 of 9 quality checks, indicating weak fundamentals.
Flywire Corp trades at 111.2x trailing earnings, compared to its 15-year median P/E of 15.0x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 14.8x vs a median of 30.0x. Total shareholder yield (buybacks) is 4.9%. At current prices, the estimated annualized return to fair value is +66.1%.
Flywire Corp (FLYW) has a current P/E ratio of 111.2, compared to its historical median P/E of 15.0. The stock is currently considered Expensive based on its historical valuation range.
Flywire Corp (FLYW) has a 5-year average return on invested capital (ROIC) of -2.5%. This is below average and may indicate limited pricing power.
Flywire Corp (FLYW) has a market capitalization of $1.5B. It is classified as a small-cap stock.
Flywire Corp (FLYW) does not currently pay a regular dividend. However, the company returns capital to shareholders through share buybacks, with a buyback yield of 4.86%.
Based on historical P/E analysis, Flywire Corp (FLYW) appears expensive. The current P/E of 111.2 is 641% above its historical median of 15.0. The estimated fair value CAGR (P/E method) is -8.1%.
Flywire Corp (FLYW) operates in the Services-Business Services, Nec industry, within the Industrials sector.
Flywire Corp (FLYW) reported annual revenue of $623 million in its most recent fiscal year, based on SEC EDGAR filings.
Flywire Corp (FLYW) has a net profit margin of 2.2%. This is a modest margin.
Flywire Corp (FLYW) generated $99 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Flywire Corp (FLYW) has a debt-to-equity ratio of 0.50. This indicates moderate leverage.
Flywire Corp (FLYW) reported earnings per share (EPS) of $0.11 in its most recent fiscal year.
Flywire Corp (FLYW) has a return on equity (ROE) of 1.6%. This indicates moderate shareholder returns.
The Ledger Terminal provides 6 years of financial data for Flywire Corp (FLYW), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Flywire Corp (FLYW) has a book value per share of $6.81, based on its most recent annual SEC filing.