FLYW - Flywire Corporation
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$18.56
DETAILS
HIGH:
$21.00
LOW:
$16.00
MEDIAN:
$18.00
CONSENSUS:
$18.56
UPSIDE:
15.14%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Revenue | |||||||
| Revenue | 623.0 | 492.1 | 403.1 | 289.4 | 201.1 | 131.8 | 94.9 |
| Cost of Revenue | 240.4 | 177.5 | 147.3 | 107.9 | 70.2 | 47.8 | 36.7 |
| Gross Profit | 382.7 | 314.7 | 255.8 | 181.4 | 131.0 | 84.0 | 58.2 |
| Operating Expenses | |||||||
| R&D Expenses | 70.2 | 66.6 | 62.0 | 50.3 | 31.3 | 24.5 | 15.0 |
| SG&A Expenses | 292.5 | 255.3 | 215.2 | 161.4 | 112.9 | 75.3 | 60.6 |
| Other Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Expenses | 362.7 | 321.9 | 277.3 | 211.7 | 144.2 | 99.8 | 75.6 |
| Operating Income | |||||||
| Operating Income | 20.0 | (7.3) | (21.5) | (30.2) | (13.3) | (15.8) | (17.5) |
| Interest Expense | 3.5 | 0.5 | 0.4 | 1.2 | 2.0 | 2.5 | 2.5 |
| Interest Income | 5.6 | 21.4 | 13.3 | 0 | 0 | 0.1 | 0.6 |
| Profitability | |||||||
| EBITDA | 51.0 | 19.8 | 11.8 | (23.8) | (14.9) | (8.9) | (13.4) |
| EBIT | 25.0 | 2.4 | (4.0) | (36.1) | (23.9) | (15.7) | (17.1) |
| Income Before Tax | 21.4 | 1.9 | (4.4) | (37.4) | (25.9) | (18.3) | (19.6) |
| Income Tax Expense | 7.9 | (1.0) | 4.2 | 2.0 | 2.2 | (7.2) | 0.6 |
| Net Income | 13.5 | 2.9 | (8.6) | (39.3) | (28.1) | (11.1) | (20.1) |
| Per Share Data | |||||||
| EPS (Basic) | 0.11 | 0.02 | -0.07 | -0.36 | -0.26 | -0.11 | -0.20 |
| EPS (Diluted) | 0.11 | 0.02 | -0.07 | -0.36 | -0.26 | -0.11 | -0.20 |
| Shares Outstanding | 122.4 | 124.3 | 114.8 | 107.9 | 106.4 | 101.1 | 101.1 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Current Assets | |||||||
| Cash & Cash Equivalents | 330.3 | 495.2 | 654.6 | 349.2 | 385.4 | 104.1 | 86.0 |
| Short-Term Investments | 24.7 | 115.8 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 210.8 | 129.3 | 142.8 | 81.9 | 44.6 | 35.8 | 19.4 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 36.5 | 22.5 | 18.2 | 19.5 | 4 | 5 | 0 |
| Total Current Assets | 602.3 | 762.9 | 815.7 | 450.6 | 443.8 | 148.6 | 108.2 |
| Non-Current Assets | |||||||
| Property, Plant & Equipment | 22.1 | 17.2 | 15.1 | 13.3 | 9.4 | 5.1 | 4.8 |
| Goodwill | 406.5 | 149.6 | 121.6 | 97.8 | 85.8 | 44.6 | 12.9 |
| Intangible Assets | 189.1 | 118.7 | 108.2 | 97.6 | 93.6 | 68.2 | 14.3 |
| Long-Term Investments | 0 | 50.1 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 33.3 | 24.0 | 19.1 | 14.9 | 7.2 | 4.9 | 0.7 |
| Total Non-Current Assets | 651.0 | 359.6 | 264.0 | 223.6 | 196.1 | 122.9 | 32.8 |
| Total Assets | 1,253.3 | 1,122.4 | 1,079.7 | 674.3 | 639.8 | 271.4 | 141.0 |
| Current Liabilities | |||||||
| Account Payables | 326.1 | 15.4 | 12.6 | 13.3 | 10.2 | 5.4 | 2.9 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 3.9 |
| Deferred Revenue | 20.0 | 7.3 | 7.0 | 5.2 | 5.5 | 1.2 | 1.3 |
| Other Current Liabilities | 55.7 | 19.1 | 19.7 | 16.9 | 21.6 | 16.1 | 5.7 |
| Total Current Liabilities | 401.8 | 289.8 | 273.8 | 177.3 | 117.5 | 88.4 | 82.8 |
| Non-Current Liabilities | |||||||
| Long-Term Debt | 0 | 0 | 0 | 0 | 25.9 | 24.4 | 20.7 |
| Deferred Tax Liabilities | 12.9 | 12.6 | 15.4 | 12.1 | 8.4 | 0.5 | 0.3 |
| Other Non-Current Liabilities | 3.5 | 5.3 | 4.4 | 3.0 | 5.8 | 240.0 | 112.5 |
| Total Non-Current Liabilities | 16.4 | 17.9 | 19.8 | 15.1 | 40.2 | 264.8 | 133.5 |
| Total Liabilities | 418.1 | 307.7 | 293.6 | 192.4 | 157.6 | 353.2 | 216.3 |
| Stockholders' Equity | |||||||
| Common Stock | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Retained Earnings | (157.4) | (170.9) | (173.8) | (165.2) | (125.9) | (97.8) | (86.7) |
| Accumulated Other Comprehensive Income | 2.5 | (2.1) | 1.3 | (1.9) | (0.4) | (0.2) | 0.1 |
| Total Stockholders' Equity | 835.2 | 814.8 | 786.1 | 481.9 | 482.2 | (81.8) | (75.3) |
| Total Liabilities & Equity | 1,253.3 | 1,122.4 | 1,079.7 | 674.3 | 639.8 | 271.4 | 141.0 |
| Debt Metrics | |||||||
| Total Debt | 0 | 1.7 | 1.5 | 1.8 | 25.9 | 24.4 | 24.6 |
| Net Debt | (330.3) | (493.5) | (653.1) | (347.4) | (359.4) | (79.7) | (61.4) |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Net Income | 13.5 | 2.9 | (8.6) | (39.3) | (28.0) | (11.1) | (20.1) |
| Depreciation & Amortization | 28.0 | 17.4 | 15.8 | 12.3 | 9.0 | 6.8 | 3.7 |
| Stock-Based Compensation | 0 | 64.9 | 43.7 | 30.3 | 18.9 | 3.8 | 2.9 |
| Change in Working Capital | (2.0) | 16.4 | 26.8 | 3.9 | 3.3 | (12.1) | 16.2 |
| Other Non-Cash Items | 60.7 | (1.3) | 2.8 | (0.5) | 13.9 | 6.9 | 1.3 |
| Operating Cash Flow | 100.2 | 91.5 | 80.6 | 4.9 | 17.1 | (14.2) | 4.1 |
| Investing Activities | |||||||
| Capital Expenditure | (1.4) | (0.9) | (6.0) | (7.1) | (6.7) | (2.1) | (3.7) |
| Acquisitions | (324.9) | (45.2) | (32.8) | (17.6) | (56.1) | (79.4) | 0 |
| Purchases of Investments | 0 | (193.9) | 0 | 0 | 0 | 0 | 0 |
| Sales/Maturities of Investments | 0 | 29.6 | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | 132.0 | (5.3) | (5.0) | 0 | (0.1) | 0 | 0 |
| Investing Cash Flow | (194.2) | (215.8) | (38.8) | (24.7) | (62.9) | (81.5) | (3.7) |
| Financing Activities | |||||||
| Net Debt Issuance | 0 | 0 | 0 | (25.9) | 0.9 | 0 | 10 |
| Stock Repurchased | (78.5) | (43.7) | 0 | 0 | 0 | 0 | (0.3) |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | 0.1 | 6.1 | 2.3 | (3.7) | (1.9) | (0.7) | (13.6) |
| Financing Cash Flow | (78.4) | (37.6) | 263.4 | (24.0) | 327.5 | 119.0 | (3.9) |
| Cash Position | |||||||
| Net Change in Cash | (164.9) | (159.4) | 303.4 | (38.2) | 280.3 | 23.0 | (3.6) |
| Cash at Beginning | 495.2 | 654.6 | 351.2 | 389.4 | 109.1 | 86.0 | 89.6 |
| Cash at End | 330.3 | 495.2 | 654.6 | 351.2 | 389.4 | 109.1 | 86.0 |
| Free Cash Flow | 98.8 | 90.5 | 74.6 | (2.2) | 10.4 | (16.4) | 0.3 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Income Statement | |||||||
| Revenue | 623.0 | 492.1 | 403.1 | 289.4 | 201.1 | 131.8 | 94.9 |
| Gross Profit | 382.7 | 314.7 | 255.8 | 181.4 | 131.0 | 84.0 | 58.2 |
| Operating Income | 20.0 | (7.3) | (21.5) | (30.2) | (13.3) | (15.8) | (17.5) |
| Net Income | 13.5 | 2.9 | (8.6) | (39.3) | (28.1) | (11.1) | (20.1) |
| EPS (Diluted) | 0.11 | 0.02 | -0.07 | -0.36 | -0.26 | -0.11 | -0.20 |
| Balance Sheet | |||||||
| Cash & Equivalents | 330.3 | 495.2 | 654.6 | 349.2 | 385.4 | 104.1 | 86.0 |
| Total Assets | 1,253.3 | 1,122.4 | 1,079.7 | 674.3 | 639.8 | 271.4 | 141.0 |
| Total Debt | 0 | 1.7 | 1.5 | 1.8 | 25.9 | 24.4 | 24.6 |
| Stockholders' Equity | 835.2 | 814.8 | 786.1 | 481.9 | 482.2 | (81.8) | (75.3) |
| Cash Flow | |||||||
| Operating Cash Flow | 100.2 | 91.5 | 80.6 | 4.9 | 17.1 | (14.2) | 4.1 |
| Capital Expenditure | (1.4) | (0.9) | (6.0) | (7.1) | (6.7) | (2.1) | (3.7) |
| Free Cash Flow | 98.8 | 90.5 | 74.6 | (2.2) | 10.4 | (16.4) | 0.3 |