Flywire Corporation - Voting (FLYW) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Flywire Corporation - Voting

NasdaqGS•Technology•Software - Infrastructure

$17.80+0.05(<0.01%)Pre-market

Market Cap

$2.12B

P/E

62.4x

P/S

3.0x

P/B

2.6x

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.

How this company scores

GoodMetricSide Score: 74/100

Strongest: Growth (25/25); weakest: Profitability (12/25).

Profitability12/25

Growth25/25

Balance Sheet & Red Flags15/25

Cash & Earnings Quality22/25

Strengths

Growing revenueRising free cash flowRising earningsInterest easily covered

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 62.4x5y range 46.5x – 864.1x

Currently below its 7-quarter median.

P/S · 3.0x5y range 2.1x – 12.3x

Currently below its 18-quarter median.

P/B · 2.6x5y range 1.5x – 9.3x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 3 quarters — monitor for earnings quality deterioration.

Price & Volume

Market Cap $2.12B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $713.54M
Q. Revenue: $167.74M
TTM EBITDA: $81.92M
TTM Op. Income: $39.30M
Q. Op. Income: $-2.77M
TTM Net Income: $34.03M
Q. Net Income: $-8.15M
EPS: $-0.07
Shares Out.: $122.40M

$713.54M in TTM revenue grew 32.2% YoY, reaching $167.74M last quarter. TTM EBITDA of $81.92M and TTM operating income of $39.30M show growth is flowing through to the bottom line. TTM net income of $34.03M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 2.7%
Op. Margin: -1.7%
Net Margin: -4.9%

Op. margin of -1.7% is up 5.2% YoY — cost efficiency is improving. Net margin at -4.9% Over the past year, operating margin is up 76% — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 62.4x
P/S Ratio: 3.0x
P/B Ratio: 2.6x

At 62.4x P/E, the stock trades above typical market levels — the market expects above-average growth. P/S of 3.0x and P/B of 2.6x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is down 74% — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $1.16B
Cash: $282.39M
Long-Term Debt: N/A
Book Value: $816.59M
D/E Ratio: N/A
Debt/EBITDA: 0.0

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $21.10M
TTM Free Cash Flow: $159.21M
FCF Margin: 22.3%
FCF / Net Income: 4.7

TTM FCF of $159.21M on $21.10M in operating cash flow. The FCF / Net Income ratio of 4.7x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is up 71% — a weakening trend.