Flywire Corp FLYW

Industrials SIC 7389 - Services-Business Services, NEC NAICS Administrative and Support and Waste Management and Remediation Services › Administrative and Support Services derived Nasdaq

Our mission is to deliver the most important and complex payments. In an increasingly digital world, getting paid means Flywire.

Flywire is a leading global payments enablement and software company. Our next-gen payments platform, proprietary global payment network, and vertical-specific software help our clients get paid and help their customers pay with ease—no matter where they are in the world. Our clients rely on us for integrated solutions that are both global and local, and combine tailored invoicing, flexible payment options, and highly personalized omni-channel experiences. We believe we make generational advances for our clients by transforming payments into a source of value and growth for their organizations while delighting their customers with payment experiences that are engaging, secure, fast, and transparent.

Last close 19.40 2026-10-23
Market cap $2.37B estimated share count
52-week range 10.55 - 19.73

Valuation FY2025 figures against the last close

P/S3.8x
P/E176.4x
P/FCF24.0x
EV/EBITDA63.6x
Dividend yield—
Diluted EPS0.11

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • Americas
  • Emea
  • Apac
Revenue by geography, 3 categories over 3 years. The same figures are in the table below. FY2025 Americas, FY2025: 285.7M (45.9%) 46% Americas Emea, FY2025: 241M (38.7%) 39% Emea Apac, FY2025: 96.3M (15.4%) 15% Apac FY2024 Americas, FY2024: 221.6M (45.0%) 45% Emea, FY2024: 188.9M (38.4%) 38% Apac, FY2024: 81.7M (16.6%) 17% FY2023 Americas, FY2023: 222.6M (55.2%) 55% Emea, FY2023: 120.8M (30.0%) 30% Apac, FY2023: 59.7M (14.8%) 15%
Region FY2025FY2024FY2023
Americas $285.7M $221.6M $222.6M
Emea $241.0M $188.9M $120.8M
Apac $96.3M $81.7M $59.7M

As the company reported it, from the “Revenue and Recognition - Summary of Revenue From Contract With Customers Disaggregated By Geographical Area And Major Solutions (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Revenue $623.0M$492.1M$403.1M$289.4M$201.1M$131.8M$94.9M—
R&D $70.2M$66.6M$62.0M$50.3M$31.3M$24.5M$15.0M—
SG&A $135.5M$125.8M$107.6M$82.9M$61.6M$42.7M$34.0M—
Total operating expenses $611.7M$499.4M$424.6M$319.6M$214.4M$147.6M$112.4M—
Operating income $11.3M-$7.3M-$21.5M-$30.2M-$13.3M-$15.8M-$17.5M—
Interest expense $3.5M$538.0K$372.0K$1.2M$2.0M$2.5M$2.5M—
Pre-tax income $21.4M$1.9M-$4.4M-$37.4M-$25.9M-$18.3M-$19.6M—
Income tax $7.9M$1.0M$4.2M$2.0M$2.2M$7.2M$550.0K—
Net income $13.5M$2.9M-$8.6M-$39.3M-$28.1M-$11.1M-$20.1M—
EPS, basic 0.110.02-0.07-0.36-0.39-0.60-1.25—
EPS, diluted 0.110.02-0.07-0.36-0.39-0.60-1.25—
Shares, diluted (wtd. avg.) 127.7M129.3M114.8M107.9M71.2M18.4M——

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Cash and equivalents $330.3M$495.2M$654.6M$351.2M$389.4M$109.1M$86.0M$89.6M
Short-term investments $24.7M$115.8M$0—————
Receivables $34.8M$23.7M$18.2M$13.7M$13.0M$11.6M——
Total current assets $602.3M$762.9M$815.7M$450.6M$443.8M$148.6M——
Property, plant and equipment $22.1M$17.2M$15.1M$13.3M$9.4M$5.1M——
Goodwill $406.5M$149.6M$121.6M$97.8M$85.8M$44.6M$12.9M—
Other intangibles $189.1M$118.7M$108.2M$97.6M$93.6M$68.2M——
Total assets $1.25B$1.12B$1.08B$674.3M$639.8M$271.4M——
Accounts payable $15.3M$15.4M$12.6M$13.3M$10.2M$5.4M——
Total current liabilities $401.8M$289.8M$273.8M$177.3M$117.5M$88.4M——
Long-term debt ———$0$25.9M$24.4M——
Total liabilities $418.1M$307.7M$293.6M$192.4M$157.6M$123.0M——
Retained earnings -$157.4M-$170.9M-$173.8M-$165.2M-$125.9M-$97.8M——
Total equity $835.2M$814.8M$786.1M$481.9M$482.2M-$81.8M-$75.3M-$58.3M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Operating cash flow $100.2M$98.7M$76.3M$5.4M$17.1M-$14.2M$4.1M—
Depreciation and amortisation $26.1M$17.4M$15.8M$12.3M$9.0M$6.8M$3.7M—
Stock-based compensation $71.8M$64.9M$43.7M$30.3M$18.9M$3.8M$2.9M—
Capital expenditure $1.4M$924.0K$1.0M$1.4M$1.0M$2.1M$3.7M—
Investing cash flow -$194.2M-$214.0M-$38.8M-$24.7M-$62.9M-$81.5M-$3.7M—
Financing cash flow -$78.4M-$37.6M$263.4M-$24.0M$327.5M$119.0M-$3.9M—
Buybacks ————$0$0$295.0K—

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-173788.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -200M 0 200M 400M 600M 800M Revenue, FY2019: 94.9M Net income, FY2019: -20.1M Revenue, FY2020: 131.8M Net income, FY2020: -11.1M Revenue, FY2021: 201.1M Net income, FY2021: -28.1M Revenue, FY2022: 289.4M Net income, FY2022: -39.3M Revenue, FY2023: 403.1M Net income, FY2023: -8.6M Revenue, FY2024: 492.1M Net income, FY2024: 2.9M Revenue, FY2025: 623M Net income, FY2025: 13.5M FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue — $94.9M $131.8M $201.1M $289.4M $403.1M $492.1M $623.0M
Gross profit — — — — — — — —
Net income — -$20.1M -$11.1M -$28.1M -$39.3M -$8.6M $2.9M $13.5M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Regulation FD disclosure Item 7.01
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Regulation FD disclosure Item 7.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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