(FLYW) Flywire - Overview

Sector: Technology | Industry: Software - Infrastructure | Exchange: NASDAQ (USA) | Market Cap: 1.387m USD | Total Return: 21.1% in 12m

Stock Payments Platform, Vertical-Specific Software, Payment Processing
Total Rating 54
Risk 59
Buy Signal -0.40
Software - Infrastructure +9.5
Transaction & Payment Processing Services -0.1
Market Cap: 1,387m
Avg Trading Vol: 19.4M USD
ATR: 5.15%
Peers RS (IBD): 73.5
Risk 5d forecast
Volatility46.7%
Rel. Tail Risk-8.40%
Reward TTM
Sharpe Ratio0.59
Alpha5.64
Character TTM
Beta0.804
Beta Downside1.963
Drawdowns 3y
Max DD75.98%
CAGR/Max DD-0.35
EPS (Earnings per Share) EPS (Earnings per Share) of FLYW over the last years for every Quarter: "2021-03": -0.04, "2021-06": -0.16, "2021-09": 0.08, "2021-12": -0.11, "2022-03": -0.1, "2022-06": -0.22, "2022-09": -0.04, "2022-12": -0.01, "2023-03": -0.03, "2023-06": -0.15, "2023-09": 0.08, "2023-12": 0.01, "2024-03": -0.05, "2024-06": -0.11, "2024-09": 0.3, "2024-12": -0.12, "2025-03": 0.013, "2025-06": -0.1, "2025-09": 0.23, "2025-12": 0.1398, "2026-03": 0,
EPS CAGR: 137.04%
EPS Trend: 44.0%
Last SUE: -0.25
Qual. Beats: 0
Revenue Revenue of FLYW over the last years for every Quarter: 2021-03: 44.991, 2021-06: 36.976, 2021-09: 67.788, 2021-12: 51.394, 2022-03: 64.553, 2022-06: 56.537, 2022-09: 95.232, 2022-12: 73.053, 2023-03: 94.357, 2023-06: 84.869, 2023-09: 123.323, 2023-12: 100.545, 2024-03: 114.103, 2024-06: 103.676, 2024-09: 156.815, 2024-12: 117.55, 2025-03: 133.452, 2025-06: 131.891, 2025-09: 200.138, 2025-12: 157.544, 2026-03: null,
Rev. CAGR: 26.86%
Rev. Trend: 89.1%
Last SUE: 3.42
Qual. Beats: 6
Risks
Fundamental:

P/E ratio: 103.2727

Technicals: choppy
Description: FLYW Flywire

Flywire Corp (NASDAQ: FLYW) is a Boston-based payments enablement and software firm that operates globally across education, healthcare, travel, and B2B segments. Its platform supports multi-currency, multi-method transactions and offers direct integrations with alternatives such as Alipay, Boleto, PayPal/Venmo, and Trustly, allowing clients to receive payments and customers to pay more seamlessly.

In its most recent fiscal year (2023), Flywire generated $1.07 billion in revenue, up 27% year-over-year, driven by strong growth in the education and healthcare verticals. The company reported a cash balance of roughly $300 million and a net loss of $30 million, reflecting continued investment in product expansion and international scaling. Macro-level, global cross-border payment volumes are projected to grow at a 5% CAGR through 2027, providing a favorable tailwind for Flywire’s multi-currency network.

For deeper insights, you might explore ValueRay’s analysis of Flywire.

Headlines to Watch Out For
  • Global expansion of payment platform drives revenue growth
  • Healthcare and education sector adoption boosts transaction volumes
  • Regulatory changes in international payments increase compliance costs
  • Competition from established payment processors impacts market share
  • Macroeconomic slowdowns reduce cross-border transaction activity
Piotroski VR‑10 (Strict, 0-10) 5.0
Net Income: 13.5m TTM > 0 and > 6% of Revenue
FCF/TA: 0.08 > 0.02 and ΔFCF/TA -0.34 > 1.0
NWC/Revenue: 32.19% < 20% (prev 96.13%; Δ -63.95% < -1%)
CFO/TA 0.08 > 3% & CFO 100.2m > Net Income 13.5m
Net Debt (-330.3m) to EBITDA (238.7m): -1.38 < 3
Current Ratio: 1.50 > 1.5 & < 3
Outstanding Shares: last quarter (127.7m) vs 12m ago 2.64% < -2%
Gross Margin: 56.54% > 18% (prev 0.58%; Δ 5.60k% > 0.5%)
Asset Turnover: 52.45% > 50% (prev 43.85%; Δ 8.60% > 0%)
Interest Coverage Ratio: 1.11 > 6 (EBITDA TTM 238.7m / Interest Expense TTM 187.7m)
Altman Z'' 1.43
A: 0.16 (Total Current Assets 602.3m - Total Current Liabilities 401.8m) / Total Assets 1.25b
B: -0.13 (Retained Earnings -157.4m / Total Assets 1.25b)
C: 0.18 (EBIT TTM 209.2m / Avg Total Assets 1.19b)
D: -0.37 (Book Value of Equity -154.9m / Total Liabilities 418.1m)
Altman-Z'' Score: 1.43 = BB
Beneish M -2.26
DSRI: 1.29 (Receivables 210.8m/129.3m, Revenue 623.0m/492.1m)
GMI: 1.02 (GM 56.54% / 57.94%)
AQI: 1.64 (AQ_t 0.50 / AQ_t-1 0.31)
SGI: 1.27 (Revenue 623.0m / 492.1m)
TATA: -0.07 (NI 13.5m - CFO 100.2m) / TA 1.25b)
Beneish M-Score: -2.26 (Cap -4..+1) = BBB
What is the price of FLYW shares? As of April 02, 2026, the stock is trading at USD 11.64 with a total of 1,365,636 shares traded.
Over the past week, the price has changed by -6.61%, over one month by -6.84%, over three months by -16.69% and over the past year by +21.13%.
Is FLYW a buy, sell or hold? Flywire has received a consensus analysts rating of 3.56. Therefor, it is recommend to hold FLYW.
  • StrongBuy: 4
  • Buy: 2
  • Hold: 9
  • Sell: 1
  • StrongSell: 0
What are the forecasts/targets for the FLYW price?
ISSUER TARGET UP/DOWN
Wallstreet Target Price 16.3 40.1%
Analysts Target Price 16.3 40.1%
FLYW Fundamental Data Overview as of 30 March 2026
P/E Trailing = 103.2727
P/E Forward = 20.5339
P/S = 2.2268
P/B = 1.7299
Revenue TTM = 623.0m USD
EBIT TTM = 209.2m USD
EBITDA TTM = 238.7m USD
Long Term Debt = 15.0m USD (from longTermDebt, two quarters ago)
 Short Term Debt = unknown (none)
 Debt = 15.0m USD (from shortLongTermDebtTotal, two quarters ago)
Net Debt = -330.3m USD (from netDebt column, last quarter)
Enterprise Value = 1.05b USD (1.39b + Debt 15.0m - CCE 355.0m)
Interest Coverage Ratio = 1.11 (Ebit TTM 209.2m / Interest Expense TTM 187.7m)
EV/FCF = 10.97x (Enterprise Value 1.05b / FCF TTM 95.4m)
FCF Yield = 9.11% (FCF TTM 95.4m / Enterprise Value 1.05b)
FCF Margin = 15.32% (FCF TTM 95.4m / Revenue TTM 623.0m)
Net Margin = 2.17% (Net Income TTM 13.5m / Revenue TTM 623.0m)
Gross Margin = 56.54% ((Revenue TTM 623.0m - Cost of Revenue TTM 270.8m) / Revenue TTM)
Gross Margin QoQ = 59.64% (prev 63.87%)
Tobins Q-Ratio = 0.84 (Enterprise Value 1.05b / Total Assets 1.25b)
 Interest Expense / Debt = 1.23k% (Interest Expense 184.7m / Debt 15.0m)
 Taxrate = 37.05% (7.94m / 21.4m)
NOPAT = 131.7m (EBIT 209.2m * (1 - 37.05%))
Current Ratio = 1.50 (Total Current Assets 602.3m / Total Current Liabilities 401.8m)
Debt / Equity = 0.02 (Debt 15.0m / totalStockholderEquity, last quarter 835.2m)
Debt / EBITDA = -1.38 (Net Debt -330.3m / EBITDA 238.7m)
Debt / FCF = -3.46 (Net Debt -330.3m / FCF TTM 95.4m)
Total Stockholder Equity = 810.2m (last 4 quarters mean from totalStockholderEquity)
RoA = 1.14% (Net Income 13.5m / Total Assets 1.25b)
RoE = 1.67% (Net Income TTM 13.5m / Total Stockholder Equity 810.2m)
RoCE = 25.34% (EBIT 209.2m / Capital Employed (Equity 810.2m + L.T.Debt 15.0m))
RoIC = 15.60% (NOPAT 131.7m / Invested Capital 844.0m)
WACC = 8.72% (E(1.39b)/V(1.40b) * Re(8.81%) + (debt cost/tax rate unavailable))
Discount Rate = 8.81% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -33.33 | Cagr: -0.44%
[DCF] Terminal Value 67.47% ; FCFF base≈93.0m ; Y1≈61.1m ; Y5≈27.9m
[DCF] Fair Price = 6.88 (EV 491.0m - Net Debt -330.3m = Equity 821.3m / Shares 119.3m; r=8.72% [WACC]; 5y FCF grow -40.0% → 3.0% )
EPS Correlation: 43.98 | EPS CAGR: 137.0% | SUE: -0.25 | # QB: 0
Revenue Correlation: 89.12 | Revenue CAGR: 26.86% | SUE: 3.42 | # QB: 6
EPS next Quarter (2026-06-30): EPS=0.12 | Chg7d=+0.001 | Chg30d=+0.002 | Revisions Net=+2 | Analysts=7
EPS current Year (2026-12-31): EPS=0.95 | Chg7d=-0.003 | Chg30d=+0.077 | Revisions Net=+7 | Growth EPS=+103.2% | Growth Revenue=+20.1%
EPS next Year (2027-12-31): EPS=1.21 | Chg7d=-0.003 | Chg30d=+0.064 | Revisions Net=+4 | Growth EPS=+27.1% | Growth Revenue=+15.1%
[Analyst] Revisions Ratio: +0.33 (4 Up / 2 Down within 30d for Next Quarter)
[Growth] Implied Growth Rate = 7.8% (Discount Rate 8.8% - Earnings Yield 1.0%)
[Growth] Growth Spread = +11.3% (Analyst 19.1% - Implied 7.8%)
Additional Sources for FLYW Stock Fund Manager Positions: Dataroma · Stockcircle