Flywire Corporation logo FLYW - Flywire Corporation

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
1
BUY 13
HOLD 5
SELL 0
STRONG
SELL
0
| PRICE TARGET: $18.56 DETAILS
HIGH: $21.00
LOW: $16.00
MEDIAN: $18.00
CONSENSUS: $18.56
UPSIDE: 15.14%
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1
Revenue
Revenue 188.1 157.5 200.1 131.9 133.5 117.5 156.8 103.7 114.1 100.5 123.3 84.9 94.4 73.1 95.2 56.5 64.6 51.4 67.8 37.0 45.0 33.2 42.1 23.8 32.7
Cost of Revenue 92.7 63.6 72.3 53.9 62.5 41.4 54.6 39.9 71.2 36.8 42.9 33.8 33.9 29.6 32.3 21.8 24.3 19.3 21.7 13.1 16.1 11.6 13.8 10.9 11.6
Gross Profit 95.5 94.0 127.8 78.0 71.0 76.2 102.3 63.8 43.0 63.8 80.4 51.1 60.5 43.5 63.0 34.7 40.3 32.1 46.1 23.9 28.9 21.7 28.3 12.9 21.1
Operating Expenses
R&D Expenses 19.4 18.5 17.6 17.1 16.9 17.4 16.7 15.8 16.7 16.9 14.6 16.0 14.5 12.7 13.4 13.2 11.0 9.1 7.8 6.9 7.5 6.7 6.1 6.4 5.3
SG&A Expenses 60.0 76.4 77.9 68.6 52.2 64.6 65.3 63.7 29.8 56.9 53.9 51.9 52.5 40.1 45.9 38.9 36.4 33.4 27.2 24.5 27.8 18.0 16.8 21.7 18.8
Other Expenses 5.2 0 0 0 3 0 0 0 2.4 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Operating Expenses 84.7 94.9 95.6 85.7 72.1 81.9 82.0 79.6 48.9 73.8 68.5 67.9 67.1 52.8 59.3 52.1 47.4 42.5 35.0 31.4 35.4 24.7 22.9 28.1 24.2
Operating Income
Operating Income 10.8 (1.0) 32.3 (7.7) (1.1) (5.8) 20.3 (15.8) (6.0) (10.0) 11.9 (16.8) (6.6) (9.4) 3.7 (17.4) (7.1) (10.3) 11.1 (7.6) (6.5) (3.0) 5.4 (15.2) (3.1)
Interest Expense 0.3 0.5 1.2 1.1 0.7 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.3 0.4 0.3 0.2 0.2 0.5 0.6 0.6 0.7 0.6 0.7 0.6
Interest Income 0.9 0.8 0.8 1.1 2.9 4.9 5.0 5.7 5.9 5.6 3.8 1.9 1.9 0 0 0 0 0 0 0 0 0 0 0 0.1
Profitability
EBITDA 23.0 7.9 39.2 2.8 1.2 (10.1) 34.9 (4.9) (0.2) 7.3 15.4 (11.5) 0.6 1.4 0.8 (19.5) (6.6) (7.3) 13.1 (15.1) (5.7) (1.0) 7.2 (13.3) (1.9)
EBIT 15.0 0.9 32.4 (4.0) (4.3) (14.8) 30.7 (9.1) (4.5) 3.3 11.5 (15.6) (3.2) (1.7) (2.6) (22.5) (9.4) (9.7) 10.9 (17.2) (7.8) (2.7) 5.4 (15.0) (3.4)
Income Before Tax 14.7 0.3 31.2 (5.0) (5.0) (14.9) 30.6 (9.2) (4.6) 3.2 11.4 (15.7) (3.3) (2.0) (3.0) (22.7) (9.6) (9.9) 10.3 (17.9) (8.5) (3.4) 4.8 (15.7) (4.0)
Income Tax Expense 2.2 0.3 1.6 7.0 (0.9) 1.0 (8.3) 4.7 1.6 1.9 0.8 1.1 0.4 (0.9) 1.3 1.1 0.5 1.3 0.3 0.3 0.2 0.6 (0.4) 0.3 (7.7)
Net Income 12.5 0.0 29.6 (12.0) (4.2) (15.9) 38.9 (13.9) (6.2) 1.3 10.6 (16.8) (3.7) (1.1) (4.3) (23.8) (10.1) (11.3) 10.0 (18.1) (8.7) (4.0) 5.2 (16.0) 3.7
Per Share Data
EPS (Basic) 0.10 0.00 0.24 -0.10 -0.03 -0.13 0.31 -0.11 -0.05 0.01 0.09 -0.15 -0.03 -0.01 -0.04 -0.22 -0.10 -0.11 0.10 -0.18 -0.09 -0.05 0.06 -0.18 0.04
EPS (Diluted) 0.10 0.00 0.23 -0.10 -0.03 -0.13 0.30 -0.11 -0.05 0.01 0.09 -0.15 -0.03 -0.01 -0.04 -0.22 -0.10 -0.11 0.08 -0.35 -0.09 -0.05 0.06 -0.18 0.04
Shares Outstanding 122.2 122.4 122.4 122.5 123.2 124.5 124.9 124.6 123.1 121.7 116.5 111.1 109.8 108.1 106.8 107.4 106.7 104.3 104.5 102.1 99.8 89.1 89.1 89.1 89.1
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4
Current Assets
Cash & Cash Equivalents 311,893 330.3 354.9 249.7 190.5 495.2 565.0 539.3 619.0 654.6 638.2 328.1 327.1 349.2 349.2 360.6 365.7 385.4 449.1 412.0 146.3 104.1
Short-Term Investments 13,190 24.7 22.4 24.5 64.8 115.8 116.1 31.7 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Net Receivables 147,998 210.8 187.6 135.7 109.3 129.3 169.6 118.3 103.9 142.8 105.4 69.4 50.6 81.9 57.5 40.7 35.2 44.6 36.6 29.7 21.2 35.8
Inventory 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Assets 39,268 36.5 41.1 38.9 31.9 22.5 24.8 21.6 16.2 18.2 18.8 16.3 18.2 19.5 2 2 4 4 4 5 5 5
Total Current Assets 512,349 602.3 606.1 448.8 396.5 762.9 875.5 710.9 739.1 815.7 762.4 413.7 395.9 450.6 423.1 415.4 413.6 443.8 499.9 457.5 179.4 148.6
Non-Current Assets
Property, Plant & Equipment 24,333 22.1 20.4 18.9 17.4 17.2 17.7 17.1 15.6 15.1 15.2 14.7 14.3 13.3 12.1 11.6 10.1 9.4 8.7 7.5 6.1 5.1
Goodwill 406,766 406.5 406.1 406.4 402.7 149.6 156.3 120.7 119.7 121.6 97.2 99.0 98.3 97.8 95.2 81.6 84.7 85.8 44.6 44.7 44.6 44.6
Intangible Assets 183,152 189.1 194.2 199.6 202.0 118.7 127.0 101.3 103.4 108.2 88.3 92.5 95.1 97.6 97.2 86.1 90.5 93.6 63.4 65.0 66.6 68.2
Long-Term Investments 0 0 4.4 14.9 18.1 50.1 40.4 26.7 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Assets 35,779 33.3 28.6 25.8 23.6 24.0 23.2 22.0 20.8 19.1 19.3 18.7 17.4 14.9 13.6 11.0 10.6 7.2 6.3 5.4 5.7 4.9
Total Non-Current Assets 650,030 651.0 653.7 665.6 663.8 359.6 364.5 287.8 259.6 264.0 220.0 224.9 225.1 223.6 218.1 190.3 195.9 196.1 123.0 122.6 122.9 122.9
Total Assets 1,162,379 1,253.3 1,259.9 1,114.3 1,060.3 1,122.4 1,240.0 998.7 998.7 1,079.7 982.4 638.6 621.0 674.3 641.2 605.8 609.5 639.8 623.0 580.1 302.3 271.4
Current Liabilities
Account Payables 217,426 326.1 321.8 17.5 15.1 15.4 23.2 13.5 15.4 12.6 17.6 11.7 14.2 13.3 13.8 9.2 8.8 10.2 12.8 10.5 9.1 5.4
Short-Term Debt 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Deferred Revenue 22,669 20.0 21.5 27.9 21.2 7.3 14.4 15.4 5.6 7.0 10.3 7.8 8.9 5.2 4.8 8.6 5.3 5.5 1.3 0.8 0.9 1.2
Other Current Liabilities 53,432 55.7 52.7 13.7 14.0 17.9 16.8 15.9 15.3 21.8 18.2 17.6 15.8 16.9 11.6 16.3 6.9 21.6 18.1 15.1 10.9 16.1
Total Current Liabilities 293,527 401.8 395.9 240.2 195.9 289.8 375.3 177.4 182.5 273.8 192.1 131.5 116.3 177.3 122.9 105.9 91.2 117.5 107.1 78.0 59.9 88.4
Non-Current Liabilities
Long-Term Debt 0 0 15 60 60 0 0 0 0 0 0 0 0 0 25.9 25.9 25.9 25.9 25.9 24.4 24.4 24.4
Deferred Tax Liabilities 13,380 12.9 13.0 14.5 13.2 12.6 15.6 14.7 14.6 15.4 11.3 12.1 12.1 12.1 12.6 7.5 8.1 8.4 0.7 0.7 0.5 0.5
Other Non-Current Liabilities 3,244 3.5 6.8 7.2 6.9 5.3 5.9 4.0 4.6 4.4 3.7 3.9 2.5 3.0 5.1 3.9 6.1 5.8 1.6 2.0 294.9 240.0
Total Non-Current Liabilities 16,624 16.4 34.8 81.7 80.2 17.9 21.4 18.7 19.2 19.8 15.0 16.0 14.6 15.1 43.7 37.4 40.2 40.2 28.2 27.1 319.7 264.8
Total Liabilities 310,151 418.1 430.7 321.9 276.1 307.7 396.8 196.2 201.7 293.6 207.1 147.5 130.8 192.4 166.6 143.2 131.4 157.6 135.3 105.1 379.6 353.2
Stockholders' Equity
Common Stock 13 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Retained Earnings (144,855) (157.4) (157.4) (187.0) (175.0) (170.9) (155.0) (193.9) (180.0) (173.8) (175.1) (185.7) (168.9) (165.2) (164.1) (159.8) (136.0) (125.9) (114.6) (124.6) (106.4) (97.8)
Accumulated Other Comprehensive Income 1,553 2.5 5.2 7.1 0.5 (2.1) 5.7 0.1 (0.0) 1.3 (2.4) 0.2 (2.3) (1.9) (0.8) (0.5) (0.5) (0.4) (0.3) 0.0 0.1 (0.2)
Total Stockholders' Equity 852,228 835.2 829.1 792.4 784.3 814.8 843.2 802.6 797.0 786.1 775.3 491.1 490.2 481.9 474.6 462.5 478.1 482.2 487.7 475.0 (77.3) (81.8)
Total Liabilities & Equity 1,162,379 1,253.3 1,259.9 1,114.3 1,060.3 1,122.4 1,240.0 998.7 998.7 1,079.7 982.4 638.6 621.0 674.3 641.2 605.8 609.5 639.8 623.0 580.1 302.3 271.4
Debt Metrics
Total Debt 0 0 15 61.4 61.6 1.7 1.5 1.5 1.4 1.5 1.0 1.3 1.8 1.8 27.5 27.5 27.6 25.9 25.9 24.4 24.4 24.4
Net Debt (311,893) (330.3) (339.9) (188.3) (128.9) (493.5) (563.6) (537.8) (617.6) (653.1) (637.2) (326.8) (325.3) (347.4) (321.7) (333.1) (338.1) (359.4) (423.2) (387.6) (121.9) (79.7)
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1
Operating Activities
Net Income 12.5 0.0 29.6 (12.0) (4.2) (15.9) 38.9 (13.9) (6.2) 1.3 10.6 (16.8) (3.7) (1.1) (4.3) (23.8) (10.1) (11.3) 10.0 (18.1) (8.7) (4.0) 5.2 (16.0) 3.7
Depreciation & Amortization 8.6 7.6 6.8 6.8 5.5 4.7 4.2 4.5 4.3 5.4 3.9 4.1 3.7 3.1 3.4 3.0 2.8 2.4 2.3 2.2 2.1 1.8 1.8 1.8 1.5
Stock-Based Compensation 0 (53.5) 0 17.5 18.2 16.5 16.5 17.1 14.8 12.4 11.3 11.4 8.6 7.8 8.5 8.4 5.5 3.4 2.8 2.4 10.4 1.0 1.0 0 0.8
Change in Working Capital (50.7) (14.4) 106.6 12.2 (99.7) (44.4) 76.1 (26.0) (50.2) 39.8 20.8 (4.3) (29.6) 25.9 (8.8) 2.5 (15.2) (2.5) 22.6 3.2 (19.9) 13.3 3.9 15.4 (44.7)
Other Non-Cash Items 14.4 65.1 8.5 (0.3) 0.1 (0.1) 60.9 (0.6) (0.2) (0.1) 0.1 0.7 0.7 (1.4) 1.5 (0.7) 0.1 0.3 0.7 11.4 1.3 1.3 1.2 5.3 0.1
Operating Cash Flow (15.8) 4.9 150.1 24.1 (78.9) (41.5) 191.1 (19.3) (38.1) 59.7 46.5 (4.8) (20.8) 33.2 (0.1) (10.6) (17.0) (7.7) 38.4 1.2 (14.8) 13.3 13.0 6.5 (47.1)
Investing Activities
Capital Expenditure (0.1) (0.4) (0.2) (2.6) (1.5) (0.8) (0.2) (0.3) (1.5) (5.1) (1.6) (1.6) (1.8) (1.9) (1.6) (2.3) (1.3) (1.5) (1.8) (2.0) (1.5) (0.3) (0.6) (0.7) (0.5)
Acquisitions 0 0 (5.1) 0 (319.8) 0.2 (45.4) 0 0 (32.8) 0 0 0 (0.2) 0 0 0 (56.1) 0 0 0 0 0 0 (79.4)
Purchases of Investments 0 0 0.6 0.5 (15.3) (33.3) (102.1) (58.5) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Sales/Maturities of Investments 11.3 0 12.4 43.6 98.7 23.7 5.7 0.2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Investing Activities 0 (2.7) 3.4 (2.1) (1.3) (0.7) (1.3) (2.0) (1.3) 4.1 0 (1.4) (1.4) 0 (18.6) (1.7) (1.2) 0 0 (0.1) 0 0 0 0 0
Investing Cash Flow 7.7 (3.1) 5.3 41.4 (237.9) (10.2) (143.4) (60.7) (1.5) (33.7) (1.6) (1.6) (1.8) (2.1) (18.9) (2.3) (1.3) (57.6) (1.8) (2.1) (1.5) (0.3) (0.6) (0.7) (79.9)
Financing Activities
Net Debt Issuance 0 (15) (45.8) 0 60 0 0 0 0 0 0 0 0 (25.9) 0 0 0 0.0 0.9 0 0 0 0 1.9 (2.1)
Stock Repurchased (10.0) (11.0) (10.0) (5) (49.3) (20.9) (22.9) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Financing Activities (3.5) 1.5 (3.3) (3.0) 0.9 (0.2) (0.8) 0 2.2 (9.5) 0 3.9 1.8 1.4 2.4 1.2 (3.0) 2.8 (1.1) 266.7 (1.6) 0.2 0.1 0 (0.8)
Financing Cash Flow (12.6) (24.5) (57.5) (8.0) 11.6 (21.0) (21.2) 1.6 2.2 (7.3) 265.0 3.9 1.8 (24.6) 2.4 1.2 (3.0) 2.8 (0.2) 266.7 58.2 0.2 0.1 1.9 116.9
Cash Position
Net Change in Cash (18.4) (24.6) 105.2 59.2 (304.7) (69.8) 25.7 (79.7) (35.6) 16.4 310.1 (1.0) (22.1) (0.1) (11.4) (7.2) (19.6) (63.8) 36.1 265.7 42.3 13.1 12.9 0 (10.5)
Cash at Beginning 330.3 354.9 249.7 190.5 495.2 565.0 539.3 619.0 654.6 638.2 328.1 329.1 351.2 351.2 362.6 369.7 389.4 453.1 417.0 151.3 109.1 96.0 83.1 0 86.0
Cash at End 311.9 330.3 354.9 249.7 190.5 495.2 565.0 539.3 619.0 654.6 638.2 328.1 329.1 351.2 351.2 362.6 369.7 389.4 453.1 417.0 151.3 109.1 96.0 0 75.5
Free Cash Flow (16.0) 4.5 149.9 21.4 (80.4) (42.3) 190.9 (19.7) (39.6) 54.7 44.9 (6.4) (22.7) 31.3 (1.7) (12.9) (18.3) (9.1) 36.6 (0.8) (16.3) 13.0 12.5 5.8 (47.7)
Key Metrics 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1
Income Statement
Revenue 188.1 157.5 200.1 131.9 133.5 117.5 156.8 103.7 114.1 100.5 123.3 84.9 94.4 73.1 95.2 56.5 64.6 51.4 67.8 37.0 45.0 33.2 42.1 23.8 32.7
Gross Profit 95.5 94.0 127.8 78.0 71.0 76.2 102.3 63.8 43.0 63.8 80.4 51.1 60.5 43.5 63.0 34.7 40.3 32.1 46.1 23.9 28.9 21.7 28.3 12.9 21.1
Operating Income 10.8 (1.0) 32.3 (7.7) (1.1) (5.8) 20.3 (15.8) (6.0) (10.0) 11.9 (16.8) (6.6) (9.4) 3.7 (17.4) (7.1) (10.3) 11.1 (7.6) (6.5) (3.0) 5.4 (15.2) (3.1)
Net Income 12.5 0.0 29.6 (12.0) (4.2) (15.9) 38.9 (13.9) (6.2) 1.3 10.6 (16.8) (3.7) (1.1) (4.3) (23.8) (10.1) (11.3) 10.0 (18.1) (8.7) (4.0) 5.2 (16.0) 3.7
EPS (Diluted) 0.10 0.00 0.23 -0.10 -0.03 -0.13 0.30 -0.11 -0.05 0.01 0.09 -0.15 -0.03 -0.01 -0.04 -0.22 -0.10 -0.11 0.08 -0.35 -0.09 -0.05 0.06 -0.18 0.04
Balance Sheet
Cash & Equivalents 311,893 330.3 354.9 249.7 190.5 495.2 565.0 539.3 619.0 654.6 638.2 328.1 327.1 349.2 349.2 360.6 365.7 385.4 449.1 412.0 146.3 104.1
Total Assets 1,162,379 1,253.3 1,259.9 1,114.3 1,060.3 1,122.4 1,240.0 998.7 998.7 1,079.7 982.4 638.6 621.0 674.3 641.2 605.8 609.5 639.8 623.0 580.1 302.3 271.4
Total Debt 0 0 15 61.4 61.6 1.7 1.5 1.5 1.4 1.5 1.0 1.3 1.8 1.8 27.5 27.5 27.6 25.9 25.9 24.4 24.4 24.4
Stockholders' Equity 852,228 835.2 829.1 792.4 784.3 814.8 843.2 802.6 797.0 786.1 775.3 491.1 490.2 481.9 474.6 462.5 478.1 482.2 487.7 475.0 (77.3) (81.8)
Cash Flow
Operating Cash Flow (15.8) 4.9 150.1 24.1 (78.9) (41.5) 191.1 (19.3) (38.1) 59.7 46.5 (4.8) (20.8) 33.2 (0.1) (10.6) (17.0) (7.7) 38.4 1.2 (14.8) 13.3 13.0 6.5 (47.1)
Capital Expenditure (0.1) (0.4) (0.2) (2.6) (1.5) (0.8) (0.2) (0.3) (1.5) (5.1) (1.6) (1.6) (1.8) (1.9) (1.6) (2.3) (1.3) (1.5) (1.8) (2.0) (1.5) (0.3) (0.6) (0.7) (0.5)
Free Cash Flow (16.0) 4.5 149.9 21.4 (80.4) (42.3) 190.9 (19.7) (39.6) 54.7 44.9 (6.4) (22.7) 31.3 (1.7) (12.9) (18.3) (9.1) 36.6 (0.8) (16.3) 13.0 12.5 5.8 (47.7)