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Nasdaq · Industrials

Flywire Corp (FLYW)

As-reported financials and SEC filings for Flywire Corp. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About Flywire Corp

Flywire Corp provides a global payments platform and software solutions designed to help organizations in education, healthcare, travel, and B2B industries manage complex payment processes. The company offers tailored invoicing, flexible payment options, and personalized customer engagement through its proprietary global payment network and vertical-specific software. Flywire serves clients worldwide by enabling efficient accounts receivable functions and facilitating payments in over 140 currencies across more than 240 countries.

Snapshot

Revenue
$623.0M
Revenue growth (YoY)
26.6%
Net income
$13.5M
Diluted EPS
$0.11
Gross margin
Operating margin
1.8%
Net margin
2.2%
FCF margin
15.9%
ROE
1.6%
net income / fiscal-year-end equity
P/E
67.4×
trailing when available, otherwise FY EPS
Market cap
$2.21B
Long-term debt / equity
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Flywire

  • Revenue grew 26.6% to $623M in FY2025, faster than the 22.1% the year before.
  • Operating margin turned positive at 1.8% in FY2025, from a 6.6% operating loss in FY2021.
  • Most recent quarter Q2 FY2026: revenue $168M, up 27.2% from Q2 FY2025.
  • Free cash flow was $99M in FY2025, 15.9% of revenue.
  • Net income rose 365.4% to $13M in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Flywire’s fundamentals sit among the 684 Industrials companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Operating margin1.8%
35th percentile of 605
Net margin2.2%
43rd percentile of 645
FCF margin15.9%
87th percentile of 562
Revenue growth (YoY)+26.6%
88th percentile of 668
ROE1.6%
35th percentile of 600
P/E67.4×
92nd percentile of 434
Short interest4.57d
69th percentile of 676

Flywire’s P/E of 67.4 ranks in the 92nd percentile of the 434 peers with a meaningful P/E. Flywire’s revenue growth of +26.6% ranks in the 88th percentile of the 668 Industrials companies reporting it. Flywire’s FCF margin of 15.9% ranks in the 87th percentile of the 562 Industrials companies reporting it.

No reported insider purchases (code P) in the last 90 days; 28 insider sales totaling $16.0M. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 3 of the superinvestors we track (plus 6 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
3
+6 quant / multi-strat
Initiated / added
5
1 new, 4 added
Reduced / exited
4
4 trimmed, 0 exited
Combined position
$119.3M
reported long value
InvestorAs ofPosition valueSharesChange
Citadel AdvisorsquantQ2 2026$45.5M2.6MReduced
First Eagle Investment ManagementQ2 2026$20.3M1.2MAdded
AQR Capital ManagementquantQ2 2026$16.2M922.0KAdded
Renaissance TechnologiesquantQ2 2026$13.9M788.4KReduced
D. E. ShawquantQ2 2026$7.0M400.6KReduced
Two Sigma InvestmentsquantQ2 2026$5.4M310.0KAdded
Bridgewater AssociatesQ2 2026$5.0M284.9KNew
Point72 Asset ManagementquantQ2 2026$4.0M225.1KReduced
Gotham Asset ManagementQ2 2026$2.0M116.2KAdded

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
code P value
Sells (90d)
28
$16.0M
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-08-28
filed 2026-09-01
Voss Capital, LP10% ownerSell37.0K$18.78$695K
2026-08-28
filed 2026-09-01
Voss Capital, LP10% ownerSell7.8K$18.78$146K
2026-08-27
filed 2026-08-28
Voss Capital, LP10% ownerSell91.9K$18.91$1.7M
2026-08-27
filed 2026-08-28
Voss Capital, LP10% ownerSell2.0K$18.91$38K
2026-08-26
filed 2026-08-28
Voss Capital, LP10% ownerSell25.5K$18.99$485K
2026-08-26
filed 2026-08-28
Voss Capital, LP10% ownerSell555$18.99$11K
2026-08-25
filed 2026-08-26
Voss Capital, LP10% ownerSell169.3K$19.19$3.2M
2026-08-25
filed 2026-08-26
Voss Capital, LP10% ownerSell3.7K$19.19$71K
2026-08-24
filed 2026-08-26
Voss Capital, LP10% ownerSell99.1K$19.49$1.9M
2026-08-24
filed 2026-08-26
Voss Capital, LP10% ownerSell2.2K$19.49$42K
2026-08-19
filed 2026-08-20
Voss Capital, LP10% ownerSell25.0K$18.86$471K
2026-08-18
filed 2026-08-20
Voss Capital, LP10% ownerSell18.6K$18.40$341K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
11.3M
settled 2026-08-14
Change vs prior
-10.9%
vs previous settlement
Days to cover
4.57
at avg daily volume
Avg daily volume
2.5M
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-1411.3M-10.9%4.57
2026-07-3112.7M-3.2%6.48
2026-07-1513.1M+1.1%6.27
2026-06-3013.0M+50.2%4.63
2026-06-158.6M+50.7%3.75
2026-05-295.7M+33.7%2.60
2026-05-154.3M+14.2%1.47
2026-04-303.8M-14.1%2.30

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$623.0M$492.1M$403.1M$289.4M$201.1M
Gross profit
Operating income$11.3M$-7.3M$-21.5M$-30.2M$-13.3M
Net income$13.5M$2.9M$-8.6M$-39.3M$-28.1M
Diluted EPS$0.11$0.02$-0.07$-0.36$-0.39

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

 FY2025FY2024FY2023FY2022FY2021
Cash and equivalents$330.3M$495.2M$654.6M$349.2M$385.4M
Current assets$602.3M$762.9M$815.7M$450.6M$443.8M
Total assets$1.25B$1.12B$1.08B$674.3M$639.8M
Current liabilities$401.8M$289.8M$273.8M$177.3M$117.5M
Long-term debt$0$0$25.9M
Total liabilities$418.1M$307.7M$293.6M$192.4M$157.6M
Total equity$835.2M$814.8M$786.1M$481.9M$482.2M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$100.2M$98.7M$76.3M$5.4M$17.1M
Capital expenditure$1.4M$924,000$1.0M$1.4M$1.0M
Free cash flow$98.8M$97.7M$75.3M$4.1M$16.1M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$167.7M27.2%$-8.1M$-0.07
Q1 FY2026$188.1M41.0%$12.5M$0.10
Q4 FY2025$157.5M34.0%$33,000$0.00
Q3 FY2025$200.1M27.6%$29.6M$0.23
Q2 FY2025$131.9M27.2%$-12.0M$-0.10
Q1 FY2025$133.5M17.0%$-4.2M$-0.03
Q4 FY2024$117.5M16.9%$-15.9M$-0.12
Q3 FY2024$156.8M27.2%$38.9M$0.30

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNasdaq
SectorIndustrials
SIC industryServices-Business Services, NEC
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing2013
SEC CIK1580560

Selected SEC filings

10-Q2026-08-05
View on EDGAR →
8-K2026-08-04
View on EDGAR →
8-K2026-06-05
View on EDGAR →
8-K2026-05-15
View on EDGAR →

Largest Industrials peers

All Industrials companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.