Flywire (FLYW) AI Stock Analysis

• Market Cap: $1.59B
• Dividend Yield: N/A
• Average Volume (3M): 2.38M
• Price to Earnings (P/E): 316.1
• Beta (1Y): 0.96
• Revenue Growth: 22.20%
• EPS Growth: N/A
• Country: US
• Employees: 1,250
• Sector: Technology
• Sector Strength: 84
• Industry: Information Technology Services
• EPS (TTM): -0.10
• Shares Outstanding: 120,437,010
• 10 Day Avg. Volume: 1,755,010
• 30 Day Avg. Volume: 2,378,331
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 0.76
• Enterprise Value/Revenue: 2.25
• Enterprise Value/Gross Profit: 4.02
• Enterprise Value/Ebitda: 41.38
• 1Y Price Target: $14.78
• Price Target Upside: 13.78% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 12

• Rating: 72 Outperform
• Price Target: $13.50 ▲(3.93% Upside)

Flywire's overall stock score is driven by its strong financial performance and positive earnings call sentiment, highlighting growth and strategic initiatives. However, the high P/E ratio suggests overvaluation, which, along with macroeconomic challenges in key markets, tempers the overall score.

Positive Factors

Earnings

Flywire shares are up more than 20% after the company reported better-than-expected June-quarter results.

Revenue Guidance

Management affirmed 2025 adjusted revenue guidance of 10%-14% FX-neutral growth and raised its adjusted EBITDA margin expansion target to 200-350 basis points.

Negative Factors

Government Policies

Government-led initiatives in Canada and Australia have created uncertainty, while headlines of student deportations and potential effects of funding cuts could impact demand in the U.S.

International Student Demand

U.S. F-1 visas are down 15% year-over-year from October 2024 to May 2025, which would impact revenue from first-year students.

Revenue Headwinds

Collectively, the Big Four education markets are expected to represent a mid- to high-single-digit headwind to revenue growth in 2025.

Flywire Business Overview & Revenue Model

Company Description

Flywire Corporation (FLYW) is a global payments enablement and software company that provides integrated payment solutions across various sectors, including education, healthcare, travel, and business-to-business (B2B). The company's core offerings include a comprehensive platform designed to streamline the payment process, enhance the payment experience, and optimize the entire transaction lifecycle for both payers and receivers.

How the Company Makes Money

Flywire makes money primarily through transaction fees and service charges associated with its payment processing solutions. The company partners with educational institutions, healthcare providers, travel companies, and businesses to facilitate international and domestic payments, ensuring secure, efficient, and cost-effective transactions. Flywire charges fees based on the volume and value of transactions processed through its platform. Additionally, the company benefits from strategic partnerships with financial institutions and technology providers, which expand its reach and enhance its service offerings, thus contributing to its revenue growth.

Flywire Financial Statement Overview

Summary

Flywire demonstrates strong revenue growth and a solid balance sheet with low leverage and healthy liquidity. However, consistent EBIT losses and recent free cash flow reductions highlight areas for improvement. The company's trajectory towards profitability is promising, but operational efficiencies need to be enhanced to ensure sustained growth.

Income Statement

Flywire shows strong revenue growth with a TTM revenue increase of 4% and a notable increase from 2022 to 2023. The gross profit margin is healthy at 55.8% for TTM, although consistent EBIT and net losses are a concern. The net profit margin is slightly positive at 1% for TTM, indicating progress towards profitability. However, persistent EBIT losses suggest operational inefficiencies that need addressing.

Balance Sheet

The balance sheet is robust with a low debt-to-equity ratio of 0.08 for TTM, indicating low leverage and strong liquidity with significant cash reserves. The equity ratio of 73.9% for TTM reflects a solid capital structure, providing financial stability. However, the relatively high reliance on equity and cash reserves may limit future flexibility.

Cash Flow

Operating cash flow is positive, supporting a free cash flow to net income ratio of 9.8 for TTM, which is strong. However, the significant reduction in free cash flow from 2024 to TTM indicates potential cash flow volatility. Despite this, the company has maintained positive operating cash flow, highlighting operational resilience.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	539.71M	492.14M	403.09M	289.38M	201.15M	131.78M
Gross Profit	301.66M	314.65M	255.75M	181.44M	130.96M	83.98M
EBITDA	29.31M	20.73M	13.57M	-22.05M	-14.66M	-8.95M
Net Income	6.83M	2.90M	-8.57M	-39.35M	-27.96M	-11.11M
Balance Sheet
Total Assets	1.11B	1.12B	1.08B	674.29M	639.67M	271.44M
Cash, Cash Equivalents and Short-Term Investments	274.23M	611.09M	654.61M	349.18M	385.36M	104.05M
Total Debt	61.42M	1.72M	1.47M	1.81M	25.94M	24.35M
Total Liabilities	321.92M	307.68M	293.61M	192.38M	157.35M	353.20M
Stockholders Equity	792.42M	814.77M	786.12M	481.90M	482.33M	-81.76M
Cash Flow
Free Cash Flow	89.67M	90.54M	74.61M	-2.21M	10.45M	-16.36M
Operating Cash Flow	94.85M	91.47M	80.63M	4.88M	17.13M	-14.22M
Investing Cash Flow	-350.00M	-215.80M	-38.78M	-24.68M	-62.91M	-81.54M
Financing Cash Flow	-38.66M	-37.63M	263.42M	-23.97M	327.51M	119.05M

Flywire Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 12.99
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FLYW, the sentiment is Positive. The current price of 12.99 is above the 20-day moving average (MA) of 12.59, above the 50-day MA of 11.90, and below the 200-day MA of 14.00, indicating a neutral trend. The MACD of 0.41 indicates Negative momentum. The RSI at 62.00 is Neutral, neither overbought nor oversold. The STOCH value of 67.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FLYW.

Flywire Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
PAY	78 Outperform	$4.62B	84.49	11.59%	―	49.35%	72.05%
FLYW	72 Outperform	$1.59B	316.06	0.86%	―	22.20%	―
GDYN	66 Neutral	$662.12M	38.62	3.69%	―	22.27%	―
APLD	64 Neutral	$3.63B	―	-53.71%	―	30.16%	12.06%
NABL	63 Neutral	$1.48B	516.34	0.37%	―	7.40%	-90.72%
Sector *	61 Neutral	$35.55B	8.88	-11.05%	1.87%	8.55%	-8.14%
PSFE	61 Neutral	$871.01M	39.11	-5.88%	―	0.47%	-292.07%

Flywire Corporate Events

Flywire Reports Strong Q2 2025 Financial Results

On August 5, 2025, Flywire Corporation reported a significant increase in its second-quarter 2025 financial results, with a 27.2% rise in revenue year-over-year, reaching $131.9 million. The company also signed nearly 200 new clients, expanded its travel vertical, and deepened its education partnerships. Flywire’s strategic initiatives, including a partnership with a stablecoin payment provider and recognition by Virtuoso, have strengthened its competitive position and market share. Despite a net loss of $12 million, Flywire increased its adjusted EBITDA and raised its aEBITDA margin guidance, showcasing its operational efficiency and resilience amidst global uncertainties.

Flywire Holds Annual Stockholders Meeting on June 3

During Flywire Corporation’s annual stockholders meeting on June 3, 2025, three key proposals were addressed. Stockholders elected two directors to serve until 2028, ratified PricewaterhouseCoopers LLP as the independent public accounting firm for 2025, and approved executive compensation on a non-binding basis. Approximately 88% of the company’s voting shares were represented, ensuring a quorum for the meeting.