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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.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Flywire operates a cloud-based payments platform that helps institutions and businesses collect and reconcile cross-border and domestic large-bill payments across education, healthcare, travel and B2B. Long-term growth may be supported by rising cross-border volumes, digital migration of tuition and medical billing, product expansion and network effects that could support recurring transaction revenue.
Principal risks include regulatory and compliance complexity across jurisdictions, competition from global payment processors, customer concentration in education and healthcare, and sensitivity to FX and payment-volume cyclicality.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Income before tax | 21.44M | 1.86M | -43.52M | -37.36M | -25.93M |
| Net income | 13.50M | 2.90M | -8.57M | -39.35M | -27.96M |
| Selling general administrative | 135.48M | 125.84M | 107.62M | 82.95M | 61.62M |
| Selling and marketing expenses | 156.99M | 129.44M | 107.62M | 78.46M | 51.30M |
| Gross profit | 382.67M | 314.65M | 403.09M | 181.44M | 130.96M |
| Reconciled depreciation | 26.06M | 17.36M | 14.89M | 12.30M | 9.00M |
| Ebit | 3547.44M | 2.40M | -17.84M | -30.22M | -13.26M |
| Ebitda | 3573.50M | 19.76M | -21.52M | -23.84M | -4.15M |
| Depreciation and amortization | 26.06M | 17.36M | 17.55M | 6.38M | 9.11M |
| Non operating income net other | - | - | - | -5.93M | -10.65M |
| Operating income | 11.29M | -7.25M | -21.52M | -30.22M | -13.26M |
| Other operating expenses | 611.73M | 499.40M | 424.61M | 319.60M | 214.41M |
| Interest expense | 3526.00M | 0.54M | 3.72M | 1.21M | 2.02M |
| Tax provision | 7.94M | -1.04M | 1.41M | 1.99M | 2.03M |
| Interest income | 5.64M | 21.44M | 13.35M | - | - |
| Net interest income | 2.11M | 20.90M | 5.65M | -1.21M | -2.02M |
| Income tax expense | 7.94M | -1.04M | 4.21M | 1.99M | 2.03M |
| Total revenue | 623.02M | 492.14M | 403.09M | 289.38M | 201.15M |
| Total operating expenses | 371.37M | 321.91M | 277.27M | 211.66M | 144.22M |
| Cost of revenue | 240.36M | 177.49M | 140.14M | 107.93M | 70.19M |
| Total other income expense net | 10.14M | 9.12M | 17.17M | -7.14M | -12.67M |
| Net income from continuing ops | 13.50M | 2.90M | -10.98M | -39.35M | -27.96M |
| Net income applicable to common shares | - | - | - | -39.35M | -27.96M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Total assets | 1253.31M | 1122.45M | 1079.73M | 674.29M | 639.67M |
| Intangible assets | 189.05M | 118.68M | 108.18M | 97.62M | 93.40M |
| Other current assets | 36.54M | 22.53M | 18.23M | 17.53M | 9.83M |
| Total liab | 418.14M | 307.68M | 293.61M | 192.38M | 157.35M |
| Total stockholder equity | 835.17M | 814.77M | 786.12M | 481.90M | 482.33M |
| Deferred long term liab | - | - | - | 12.15M | 8.40M |
| Other current liab | 55.72M | 256.67M | 41.85M | 156.92M | 7.72M |
| Common stock | 0.01M | 0.01M | 0.01M | 0.01M | 0.01M |
| Capital stock | 0.01M | 0.01M | 0.01M | 0.01M | 0.01M |
| Retained earnings | -157.37M | -170.87M | -173.77M | -165.20M | -125.73M |
| Other liab | - | - | - | 13.77M | 13.47M |
| Good will | 406.51M | 149.56M | 121.65M | 97.77M | 86.04M |
| Other assets | - | - | - | 12.16M | 7.00M |
| Cash | 330.30M | 495.24M | 654.61M | 349.18M | 385.36M |
| Total current liabilities | 401.76M | 289.77M | 273.79M | 177.28M | 117.93M |
| Current deferred revenue | 19.95M | 7.34M | 6.97M | 5.22M | 5.49M |
| Net debt | -330.30M | -493.52M | -653.14M | -347.37M | -359.42M |
| Short term debt | - | 1.72M | 1.47M | 1.81M | 94.47M |
| Short long term debt total | - | 1.72M | 1.47M | 1.81M | 25.94M |
| Other stockholder equity | 990.04M | 987.69M | 958.55M | 649.01M | 608.45M |
| Property plant equipment | - | - | - | 13.32M | 9.44M |
| Total current assets | 602.29M | 762.88M | 815.68M | 450.64M | 443.79M |
| Long term investments | 0.00M | 50.12M | - | - | - |
| Net tangible assets | - | - | - | 286.52M | 302.89M |
| Short term investments | 24.69M | 115.85M | - | - | - |
| Net receivables | 210.75M | 129.27M | 142.85M | 81.94M | 44.59M |
| Long term debt | - | - | - | - | 25.94M |
| Inventory | - | - | - | 2.00M | 4.00M |
| Accounts payable | 326.10M | 15.35M | 223.51M | 13.32M | 10.25M |
| Accumulated other comprehensive income | 2.49M | -2.07M | 1.32M | -1.91M | -0.40M |
| Common stock total equity | - | - | - | 0.01M | 0.01M |
| Retained earnings total equity | - | - | - | -165.20M | -125.86M |
| Treasury stock | - | - | - | -0.75M | -0.75M |
| Non currrent assets other | 33.34M | 24.04M | 15.67M | 14.95M | 7.00M |
| Non current assets total | 651.02M | 359.56M | 264.05M | 223.64M | 195.89M |
| Capital lease obligations | 1.35M | 1.72M | 1.47M | 1.81M | - |
| Long term debt total | - | - | - | - | 25.94M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Investments | 140.54M | -215.80M | -7.19M | -24.66M | -62.91M |
| Change to liabilities | - | - | - | 53.42M | 11.53M |
| Total cashflows from investing activities | -194.23M | -215.80M | -38.78M | -24.66M | -62.91M |
| Net borrowings | 0.00M | 0.00M | 0.00M | -25.94M | 0.94M |
| Total cash from financing activities | -78.40M | -37.63M | 263.42M | -23.97M | 327.51M |
| Change to operating activities | - | - | - | 0.32M | -6.00M |
| Net income | 13.50M | 2.90M | -8.57M | -39.35M | -27.96M |
| Change in cash | -164.94M | -159.37M | 303.43M | -38.18M | 280.31M |
| Begin period cash flow | 495.24M | 654.61M | 351.18M | 389.36M | 109.05M |
| End period cash flow | 330.30M | 495.24M | 654.61M | 351.18M | 389.36M |
| Total cash from operating activities | 100.17M | 91.47M | 80.62M | 4.88M | 17.13M |
| Issuance of capital stock | 0.00M | 0.00M | 261.12M | 0.00M | 328.43M |
| Depreciation | 27.99M | 17.36M | 15.76M | 12.30M | 9.00M |
| Other cashflows from investing activities | 132.04M | -5.32M | -5.00M | -17.59M | -56.23M |
| Change to inventory | - | - | - | - | -7.64M |
| Change to account receivables | -11.28M | 13.78M | -58.45M | -0.32M | -0.59M |
| Sale purchase of stock | -78.55M | -43.74M | -8.48M | 8.23M | 271.06M |
| Other cashflows from financing activities | 0.14M | 6.11M | 2.30M | 0.70M | 83.82M |
| Change to netincome | - | - | - | 26.25M | 32.55M |
| Capital expenditures | 1.35M | 0.92M | 6.01M | 7.09M | 6.68M |
| Change receivables | - | - | - | -31.24M | -6.39M |
| Cash flows other operating | - | - | - | -15.96M | -12.46M |
| Exchange rate changes | - | - | - | - | -1.42M |
| Cash and cash equivalents changes | - | - | - | -43.21M | 280.31M |
| Change in working capital | -2.03M | 16.36M | 26.84M | 3.88M | 3.30M |
| Stock based compensation | 71.78M | 64.93M | 43.73M | 30.26M | 18.93M |
| Other non cash items | 60.71M | -1.29M | 2.79M | -0.51M | 13.91M |
| Free cash flow | 98.83M | 90.54M | 74.61M | -2.21M | 10.45M |
Sector: Technology Industry: Software - Infrastructure
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| FLYW Flywire Corp |
-0.15 0.70% |
21.42 | 68.27 | 20.33 | 3.03 | 2.70 | 2.72 | 26.87 |
| MSFT Microsoft Corporation |
-5.32 0.99% |
530.61 | 37.32 | 29.94 | 13.03 | 12.45 | 13.06 | 24.59 |
| ORCL Oracle Corporation |
0.87 0.76% |
116.03 | 21.96 | 17.89 | 5.91 | 7.08 | 7.82 | 14.89 |
| CRWD Crowdstrike Holdings Inc |
-0.30 0.14% |
216.90 | 4849.80 | 188.68 | 46.01 | 47.24 | 43.89 | 559.34 |
| FTNT Fortinet Inc |
2.92 2.46% |
121.77 | 60.27 | 43.86 | 16.80 | 80.50 | 16.11 | 43.33 |
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.
| Name | Title | Year Born |
|---|---|---|
| Mr. Uday Seth | VP of Bus. Operations & Corp. Devel. | NA |
| Mr. Michael Massaro | CEO & Director | 1979 |
| Mr. Robert Orgel | Pres & COO | 1970 |
| Mr. Michael G. Ellis | Chief Financial Officer | 1969 |
| Mr. David R. King | Chief Technology Officer | 1969 |
| Mr. Akil Hollis | VP of Financial Planning & Analysis and Investor Relations | NA |
| Mr. Peter Butterfield | Gen. Counsel & Chief Compliance Officer | 1965 |
| Ms. Allison MacLeod | Chief Marketing Officer | NA |
| Mr. Gary Cunningham | Chief People Officer | NA |
| Ms. Sharon Butler | Exec. VP of Global Education | 1966 |
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