FLYW Chart
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.

Fundamentals
Scroll to Statements
Sector Technology Industry Software - Infrastructur Market Cap 1.66B
Enterprise Value 1.29B Income 13.50M Sales 623.03M
Book/sh 6.85 Cash/sh 2.93 Dividend Yield —
Payout 0.00% Employees 1400 IPO —
P/E 123.27 Forward P/E 11.19 PEG —
P/S 2.66 P/B 1.98 P/C —
EV/EBITDA 30.81 EV/Sales 2.07 Quick Ratio 1.41
Current Ratio 1.50 Debt/Eq 0.45 LT Debt/Eq —
EPS (ttm) 0.11 EPS next Y 1.21 EPS Growth —
Revenue Growth 34.00% Earnings 2026-05-05 ROA 1.09%
ROE 1.64% ROIC — Gross Margin 61.42%
Oper. Margin -1.04% Profit Margin 2.17% Shs Outstand 119.33M
Shs Float 100.18M Short Float 4.30% Short Ratio 3.51
Short Interest — 52W High 15.25 52W Low 8.20
Beta 1.28 Avg Volume 1.63M Volume 2.87M
Target Price $16.38 Recom Buy Prev Close $13.28
Price $13.56 Change 2.11%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$16.38
Mean price target
2. Current target
$13.56
Latest analyst target
3. DCF / Fair value
$17.72
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$13.56
Low
$13.00
High
$20.00
Mean
$16.38

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-03-03 main Truist Securities Buy → Buy $16
2026-03-02 up Morgan Stanley Equal-Weight → Overweight $17
2026-02-26 main Citigroup Neutral → Neutral $13
2026-02-25 main UBS Neutral → Neutral $14
2026-02-25 main Goldman Sachs Neutral → Neutral $15
2026-02-25 main RBC Capital Outperform → Outperform $20
2026-02-24 main Morgan Stanley Equal-Weight → Equal-Weight $15
2026-01-16 up Stephens & Co. Equal-Weight → Overweight $19
2026-01-14 up Seaport Global Neutral → Buy $18
2026-01-09 main B. Riley Securities Buy → Buy $20
2025-11-13 main Truist Securities Buy → Buy $16
2025-11-05 main UBS Neutral → Neutral $16
2025-11-05 main Goldman Sachs Neutral → Neutral $16
2025-10-24 main Truist Securities Buy → Buy $15
2025-10-22 init Citigroup — → Neutral $15
2025-10-22 up Wolfe Research Peer Perform → Outperform $16
2025-09-22 reit Stephens & Co. Equal-Weight → Equal-Weight $13
2025-08-06 main UBS Neutral → Neutral $14
2025-07-17 main Truist Securities Buy → Buy $13
2025-06-23 main B. Riley Securities Buy → Buy $15
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 9009 117543 — Sale at price 13.05 per share. BUTTERFIELD PETER T General Counsel — 2026-03-05 00:00:00 D
1 150000 1846140 — Sale at price 12.31 per share. MASSARO MICHAEL P Chief Executive Officer — 2026-03-02 00:00:00 D
2 751811 — — Stock Award(Grant) at price 0.00 per share. MASSARO MICHAEL P Chief Executive Officer — 2026-02-24 00:00:00 D
3 362318 — — Stock Award(Grant) at price 0.00 per share. ORGEL ROBERT President — 2026-02-24 00:00:00 D
4 244565 — — Stock Award(Grant) at price 0.00 per share. KING DAVID R. Officer — 2026-02-24 00:00:00 D
5 181159 — — Stock Award(Grant) at price 0.00 per share. BUTTERFIELD PETER T General Counsel — 2026-02-24 00:00:00 D
6 362318 — — Stock Award(Grant) at price 0.00 per share. PITIGOI COSMIN Chief Financial Officer — 2026-02-24 00:00:00 D
7 234234 — — Stock Award(Grant) at price 0.00 per share. BLANC PATRICK Chief Technology Officer — 2026-02-23 00:00:00 D
8 25000 274795 — Purchase at price 10.99 per share. VOSS CAPITAL, L.P. Beneficial Owner of more than 10% of a Class of Security — 2026-02-13 00:00:00 I
9 16612 250559 — Sale at price 15.08 per share. RIESE PHILLIP JOHN Director — 2026-01-07 00:00:00 D
Financials
Line Item2025-12-312024-12-312023-12-312022-12-31
TaxEffectOfUnusualItems-244.14K-2.48M879.69K-1.93M
TaxRateForCalcs0.370.210.210.21
NormalizedEBITDA51.68M31.55M7.59M-14.67M
TotalUnusualItems-659.00K-11.79M4.19M-9.17M
TotalUnusualItemsExcludingGoodwill-659.00K-11.79M4.19M-9.17M
NetIncomeFromContinuingOperationNetMinorityInterest13.50M2.90M-8.57M-39.35M
ReconciledDepreciation26.06M17.36M15.76M12.30M
ReconciledCostOfRevenue240.36M177.49M147.34M107.93M
EBITDA51.02M19.76M11.78M-23.84M
EBIT24.97M2.40M-3.98M-36.15M
NetInterestIncome2.11M20.90M12.98M2.03M
InterestExpense3.53M538.00K372.00K1.21M
InterestIncome5.64M21.44M13.35M3.24M
NormalizedIncome13.91M12.21M-11.88M-32.10M
NetIncomeFromContinuingAndDiscontinuedOperation13.50M2.90M-8.57M-39.35M
TotalExpenses603.04M499.40M424.61M319.60M
TotalOperatingIncomeAsReported11.29M-7.25M-21.52M-30.22M
DilutedAverageShares129.34M114.83M107.94M71.17M
BasicAverageShares124.27M114.83M107.94M71.17M
DilutedEPS0.02-0.07-0.36-0.40
BasicEPS0.02-0.07-0.36-0.40
DilutedNIAvailtoComStockholders13.50M2.90M-8.57M-39.35M
NetIncomeCommonStockholders13.50M2.90M-8.57M-39.35M
OtherunderPreferredStockDividend0.000.0013.00K
NetIncome13.50M2.90M-8.57M-39.35M
NetIncomeIncludingNoncontrollingInterests13.50M2.90M-8.57M-39.35M
NetIncomeContinuousOperations13.50M2.90M-8.57M-39.35M
TaxProvision7.94M-1.04M4.21M1.99M
PretaxIncome21.44M1.86M-4.35M-37.36M
OtherIncomeExpense-659.00K-11.79M4.19M-9.17M
OtherNonOperatingIncomeExpenses4.19M-5.93M109.00K
SpecialIncomeCharges-8.69M0.000.00
RestructuringAndMergernAcquisition8.69M0.000.00
GainOnSaleOfSecurity8.03M-11.79M4.19M-9.17M
NetNonOperatingInterestIncomeExpense2.11M20.90M12.98M2.03M
InterestExpenseNonOperating3.53M538.00K372.00K1.21M
InterestIncomeNonOperating5.64M21.44M13.35M3.24M
OperatingIncome19.98M-7.25M-21.52M-30.22M
OperatingExpense362.68M321.91M277.27M211.66M
ResearchAndDevelopment70.21M66.64M62.03M50.26M
SellingGeneralAndAdministration292.47M255.27M215.25M161.41M
SellingAndMarketingExpense156.99M129.44M107.62M78.46M
GeneralAndAdministrativeExpense135.48M125.84M107.62M82.95M
OtherGandA135.48M125.84M107.62M82.95M
GrossProfit382.67M314.65M255.75M181.44M
CostOfRevenue240.36M177.49M147.34M107.93M
TotalRevenue623.02M492.14M403.09M289.38M
OperatingRevenue623.02M492.14M403.09M289.38M
Line Item2025-12-312024-12-312023-12-312022-12-31
TreasurySharesNumber10.25M4.67M2.32M2.32M
OrdinarySharesNumber121.96M124.06M122.57M109.35M
ShareIssued132.21M128.73M124.88M111.66M
TotalDebt1.35M1.72M1.47M1.81M
TangibleBookValue239.61M546.52M556.29M286.52M
InvestedCapital835.17M814.77M786.12M481.90M
WorkingCapital200.53M473.11M541.89M273.37M
NetTangibleAssets239.61M546.52M556.29M286.52M
CapitalLeaseObligations1.35M1.72M1.47M1.81M
CommonStockEquity835.17M814.77M786.12M481.90M
TotalCapitalization835.17M814.77M786.12M481.90M
TotalEquityGrossMinorityInterest835.17M814.77M786.12M481.90M
StockholdersEquity835.17M814.77M786.12M481.90M
GainsLossesNotAffectingRetainedEarnings2.49M-2.07M1.32M-1.91M
OtherEquityAdjustments2.49M-2.07M1.32M-1.91M
TreasuryStock118.64M46.27M747.00K748.00K
RetainedEarnings-157.37M-170.87M-173.77M-165.20M
AdditionalPaidInCapital1.11B1.03B959.30M649.76M
CapitalStock13.00K13.00K12.00K11.00K
CommonStock13.00K13.00K12.00K11.00K
PreferredStock0.000.000.000.00
TotalLiabilitiesNetMinorityInterest418.14M307.68M293.61M192.38M
TotalNonCurrentLiabilitiesNetMinorityInterest16.38M17.90M19.82M15.11M
OtherNonCurrentLiabilities3.48M5.26M4.43M2.96M
NonCurrentDeferredLiabilities12.90M12.64M15.39M12.15M
NonCurrentDeferredTaxesLiabilities12.90M12.64M15.39M12.15M
LongTermDebtAndCapitalLeaseObligation25.94M
LongTermDebt25.94M
CurrentLiabilities401.76M289.77M273.79M177.28M
OtherCurrentLiabilities2.05M4.11M2.05M1.31M
CurrentDeferredLiabilities19.95M7.34M6.97M5.22M
CurrentDeferredRevenue19.95M7.34M6.97M5.22M
CurrentDebtAndCapitalLeaseObligation1.35M1.72M1.47M1.81M
CurrentCapitalLeaseObligation1.35M1.72M1.47M1.81M
PensionandOtherPostRetirementBenefitPlansCurrent21.73M17.95M19.75M16.94M
PayablesAndAccruedExpenses356.69M262.77M245.61M153.30M
CurrentAccruedExpenses19.91M20.93M15.83M10.67M
Payables336.79M241.84M229.78M142.63M
OtherPayable310.80M217.79M210.92M124.31M
TotalTaxPayable10.69M8.70M6.27M5.00M
IncomeTaxPayable8.56M8.70M6.27M5.00M
AccountsPayable15.30M15.35M12.59M13.32M
TotalAssets1.25B1.12B1.08B674.29M
TotalNonCurrentAssets651.02M359.56M264.05M223.64M
OtherNonCurrentAssets33.34M24.04M19.09M14.95M
InvestmentsAndAdvances0.0050.12M0.00
InvestmentinFinancialAssets0.0050.12M0.00
AvailableForSaleSecurities50.12M
GoodwillAndOtherIntangibleAssets595.56M268.24M229.82M195.38M
OtherIntangibleAssets189.05M118.68M108.18M97.62M
Goodwill406.51M149.56M121.65M97.77M
NetPPE22.12M17.16M15.13M13.32M
AccumulatedDepreciation-18.75M-16.48M-13.03M-8.90M
GrossPPE40.88M33.65M28.16M22.21M
Leases4.30M5.46M5.43M4.70M
ConstructionInProgress0.00291.00K0.00
MachineryFurnitureEquipment36.57M28.19M22.73M17.22M
Properties0.000.000.000.00
CurrentAssets602.29M762.88M815.68M450.64M
OtherCurrentAssets36.54M22.53M18.23M17.53M
RestrictedCash0.002.00M4.00M
PrepaidAssets9.83M
Receivables210.75M129.27M142.85M81.94M
OtherReceivables175.98M105.56M124.63M68.24M
AccountsReceivable34.78M23.70M18.21M13.70M
AllowanceForDoubtfulAccountsReceivable-834.00K-410.00K-507.00K-212.00K
GrossAccountsReceivable35.61M24.11M18.72M13.91M
CashCashEquivalentsAndShortTermInvestments355.00M611.09M654.61M349.18M
OtherShortTermInvestments24.69M115.85M0.00
CashAndCashEquivalents330.30M495.24M654.61M349.18M
Line Item2025-12-312024-12-312023-12-312022-12-31
FreeCashFlow90.32M85.23M74.61M-1.64M
RepurchaseOfCapitalStock-74.33M-43.74M0.000.00
RepaymentOfDebt-125.00M0.000.00-25.94M
IssuanceOfDebt125.00M0.000.000.00
IssuanceOfCapitalStock0.000.00261.12M0.00
CapitalExpenditure-9.86M-6.24M-6.01M-7.07M
InterestPaidSupplementalData2.58M0.000.00770.00K
EndCashPosition330.30M495.24M654.61M351.18M
BeginningCashPosition495.24M654.61M351.18M389.36M
EffectOfExchangeRateChanges7.52M2.60M-1.83M5.02M
ChangesInCash-172.46M-161.96M305.27M-43.21M
FinancingCashFlow-78.40M-37.63M263.42M-23.97M
CashFlowFromContinuingFinancingActivities-78.40M-37.63M263.42M-23.97M
NetOtherFinancingCharges-9.71M-2.61M-10.75M-6.26M
ProceedsFromStockOptionExercised5.64M8.72M13.05M8.23M
NetPreferredStockIssuance0.000.0059.73M
PreferredStockIssuance0.000.0059.73M
NetCommonStockIssuance-74.33M-43.74M261.12M0.00
CommonStockPayments-74.33M-43.74M0.000.00
CommonStockIssuance0.000.00261.12M0.00
NetIssuancePaymentsOfDebt0.000.000.00-25.94M
NetLongTermDebtIssuance0.000.000.00-25.94M
LongTermDebtPayments-125.00M0.000.00-25.94M
LongTermDebtIssuance125.00M0.000.000.00
InvestingCashFlow-194.23M-215.80M-38.78M-24.66M
CashFlowFromContinuingInvestingActivities-194.23M-215.80M-38.78M-24.66M
NetOtherInvestingChanges-119.00K
NetInvestmentPurchaseAndSale140.54M-164.33M0.000.00
SaleOfInvestment156.64M29.60M0.000.00
PurchaseOfInvestment-16.09M-193.93M0.000.00
NetBusinessPurchaseAndSale-324.92M-45.23M-32.76M-17.59M
PurchaseOfBusiness-324.92M-45.23M-32.76M-17.59M
NetIntangiblesPurchaseAndSale-8.51M-5.32M-5.00M-5.72M
PurchaseOfIntangibles-8.51M-5.32M-5.00M-5.72M
NetPPEPurchaseAndSale-1.35M-924.00K-1.01M-1.35M
PurchaseOfPPE-1.35M-924.00K-1.01M-1.35M
OperatingCashFlow100.17M91.47M80.62M5.43M
CashFlowFromContinuingOperatingActivities100.17M91.47M80.62M5.43M
ChangeInWorkingCapital359.00K16.36M26.84M4.42M
ChangeInOtherWorkingCapital-2.34M-630.00K-871.00K-400.00K
ChangeInOtherCurrentLiabilities-1.15M-1.64M-1.73M-6.38M
ChangeInPayablesAndAccruedExpense96.56M10.17M92.16M55.69M
ChangeInPayable96.56M10.17M92.16M55.69M
ChangeInAccountPayable4.72M3.30M5.55M6.76M
ChangeInPrepaidAssets-17.72M-5.32M-4.28M-11.32M
ChangeInReceivables-74.99M13.78M-58.45M-33.17M
ChangesInAccountReceivables-6.81M-5.29M-2.08M-323.00K
OtherNonCashItems-573.00K-1.21M2.47M-658.00K
StockBasedCompensation71.78M64.93M43.73M30.26M
ProvisionandWriteOffofAssets2.36M-83.00K326.00K152.00K
AssetImpairmentCharge165.00K
DeferredTax-1.36M-8.79M72.00K-1.71M
DeferredIncomeTax-1.36M-8.79M72.00K-1.71M
DepreciationAmortizationDepletion26.06M17.36M15.76M12.30M
DepreciationAndAmortization26.06M17.36M15.76M12.30M
OperatingGainsLosses-11.94M11.57M2.32M10.76M
GainLossOnInvestmentSecurities10.76M
NetForeignCurrencyExchangeGainLoss-11.94M11.57M2.32M
NetIncomeFromContinuingOperations13.50M2.90M-8.57M-39.35M
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for FLYW
Date User Asset Broker Type Position Size Entry Price Patterns