FLYW Stock Analysis: Flywire | NASDAQ
Software - Infrastructure | NASDAQ, USA | Market Cap: 2.165m USD | 12M Return: 49.9% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 37.7M
Qual. Beats: 0
Rev. Trend: 99.6%
Qual. Beats: 7
Warnings
Tailwinds
Seasonality 5.1 years of data
Average return per month, with how dependable it is below — did the month move the same way every year (high) or randomly (low). Above 60 is a pattern worth trusting; under 40 is noise.
Flywire Corporation (NASDAQ: FLYW) is a payment enablement and software company headquartered in Boston, Massachusetts, founded in 2009 and IPOd in 2021. It operates a global payment platform serving clients across the United States, Europe, the Middle East and Africa, and Asia Pacific.
The company combines a payments platform with vertical-specific software, offering invoicing, settlement, reconciliation, single sign-on, checkout, recurring payments, and split payouts. Its payment network connects to banks, card networks, digital wallets, and alternative payment methods such as Alipay, Boleto, PayPal/Venmo, and Trustly, alongside integration tools, real-time data access, and predictive analytics.
Flywire targets four core verticals: education, healthcare, travel, and B2B. As a player in the Transaction & Payment Processing Services sub-industry (GICS Financials), it pursues a verticalized B2B/B2C model, embedding payments into industry-specific workflows rather than competing as a general-purpose processor.
- International student enrollment trends drive education payment volume
- Healthcare and B2B verticals accelerate platform revenue diversification
- Cross-border FX volatility pressures international transaction margins
| Net Income: 30.2m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.13 > 0.02 and ΔFCF/TA 8.88 > 1.0 |
| NWC/Revenue: 32.29% < 20% (prev 39.22%; Δ -6.93% < -1%) |
| CFO/TA 0.14 > 3% & CFO 163.2m > Net Income 30.2m |
| Net Debt (-323.6m) to EBITDA (72.8m): -4.44 < 3 |
| Current Ratio: 1.75 > 1.5 & < 3 |
| Outstanding Shares: last quarter (127.9m) vs 12m ago 3.82% < -2% |
| Gross Margin: 58.32% > 18% (prev 61.23%; Δ -2.91% > 0.5%) |
| Asset Turnover: 60.98% > 50% (prev 48.24%; Δ 12.74% > 0%) |
| Interest Coverage Ratio: 14.26 > 6 (EBIT TTM 44.3m / Interest Expense TTM 3.10m) |
| A: 0.19 (Total Current Assets 512.3m - Total Current Liabilities 293.5m) / Total Assets 1.16b |
| B: -0.12 (Retained Earnings -144.9m / Total Assets 1.16b) |
| C: 0.04 (EBIT TTM 44.3m / Avg Total Assets 1.11b) |
| D: 2.75 (Book Value of Equity 852.2m / Total Liabilities 310.2m) |
| Altman-Z'' = 3.98 = AA |
| DSRI: 1.02 (Receivables 148.0m/109.3m, Revenue 677.7m/511.5m) |
| GMI: 1.05 (GM 61.23% / 58.32%) |
| AQI: 0.88 (AQ_t 0.54 / AQ_t-1 0.61) |
| SGI: 1.32 (Revenue 677.7m / 511.5m) |
| TATA: -0.11 (NI 30.2m - CFO 163.2m) / TA 1.16b) |
| Beneish M = -2.81 (Cap -4..+1) = A |
As of June 30, 2026, the stock is trading at USD 17.60 with a total of 2,697,006 shares traded. Over the past week, the price has changed by +10.66%, over one month by +10.66%, over three months by +52.65% and over the past year by +49.91%.
Current recommended Stop Loss: 16.60 (which is 5.7% or 1.3 ATR below the current price).
Flywire has received a consensus analysts rating of 3.56. Therefore, it is recommended to hold FLYW.
- StrongBuy: 4
- Buy: 2
- Hold: 9
- Sell: 1
- StrongSell: 0
| Analysts Target Price | 19 | 8% |
P/E Trailing = 73.0833
P/E Forward = 24.4499
P/S = 3.1943
P/B = 2.5329
Revenue TTM = 677.7m USD
EBIT TTM = 44.3m USD
EBITDA TTM = 72.8m USD
Long Term Debt = unknown (0.0)
Short Term Debt = 1.45m USD (from shortTermDebt, last quarter)
Debt = 1.45m USD (from shortLongTermDebtTotal, last quarter) (leases 1.45m already included)
Net Debt = -323.6m USD (calculated: Debt 1.45m - CCE 325.1m)
Enterprise Value = 1.84b USD (2.16b + Debt 1.45m - CCE 325.1m)
Interest Coverage Ratio = 14.26 (Ebit TTM 44.3m / Interest Expense TTM 3.10m)
EV/FCF = 11.77x (Enterprise Value 1.84b / FCF TTM 156.4m)
FCF Yield = 8.50% (FCF TTM 156.4m / Enterprise Value 1.84b)
FCF Margin = 23.08% (FCF TTM 156.4m / Revenue TTM 677.7m)
Net Margin = 4.45% (Net Income TTM 30.2m / Revenue TTM 677.7m)
Gross Margin = 58.32% ((Revenue TTM 677.7m - Cost of Revenue TTM 282.4m) / Revenue TTM)
Gross Margin QoQ = 50.75% (prev 59.64%)
Tobins Q-Ratio = 1.58 (Enterprise Value 1.84b / Total Assets 1.16b)
Interest Expense / Debt = 213.7% (Interest Expense 3.10m / Debt 1.45m)
Taxrate = 26.71% (11.0m / 41.2m)
NOPAT = 32.5m (EBIT 44.3m * (1 - 26.71%))
Current Ratio = 1.75 (Total Current Assets 512.3m / Total Current Liabilities 293.5m)
Debt / Equity = 0.00 (Debt 1.45m / totalStockholderEquity, last quarter 852.2m)
Debt / EBITDA = -4.44 (Net Debt -323.6m / EBITDA 72.8m)
Debt / FCF = -2.07 (Net Debt -323.6m / FCF TTM 156.4m)
Total Stockholder Equity = 827.2m (last 4 quarters mean from totalStockholderEquity)
RoA = 2.72% (Net Income 30.2m / Total Assets 1.16b)
RoE = 3.65% (Net Income TTM 30.2m / Total Stockholder Equity 827.2m)
RoCE = 5.35% (EBIT 44.3m / Capital Employed (Equity 827.2m + L.T.Debt 0.0))
RoIC = 3.88% (NOPAT 32.5m / Invested Capital 836.4m)
WACC = 10.12% (E(2.16b)/V(2.17b) * Re(10.13%) + (debt cost/tax rate unavailable))
Discount Rate = 10.13% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 28.28 | Cagr: 4.88%
[DCF] Terminal Value 72.45% ; FCFF base≈113.3m ; Y1≈129.8m ; Y5≈191.1m
[DCF] Fair Price = 20.68 (EV 2.19b - Net Debt -323.6m = Equity 2.51b / Shares 121.5m; r=10.12% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.73 | # QB: 0
Revenue Correlation: 99.63 | Revenue CAGR: 25.40% | SUE: 2.11 | # QB: 7
EPS next Quarter (2026-09-30): EPS=0.46 | Chg30d=+1.16% | Revisions=+40% | Analysts=7
EPS current Year (2026-12-31): EPS=1.02 | Chg30d=+7.77% | Revisions=+64% | GrowthEPS=+118.5% | GrowthRev=+23.8%
EPS next Year (2027-12-31): EPS=1.25 | Chg30d=+4.70% | Revisions=+64% | GrowthEPS=+22.7% | GrowthRev=+15.4%
[Analyst] Revisions Ratio: +64%