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Flywire Corporation
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NASDAQ: FLYW Technology IT 🔎 Screen
🏹 Trader: 🚀 Stage 2 + Near High 📈 Stage 2 🎯 Near 52W High 💎 VCP Breakout | BRS 85 Ready · stale View all →
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$2.4B
Market Cap
60.8
P/E
0.52
PEG
4.7%
ROCE
4.2%
ROE
0.00
D/E
5.6%
OPM
0.0%
% from 52W High
86
α RS
🔍 FLYW is showing a multi-screen setup because it matches 3 of 39 tracked screener presets, Sector RRG has Technology in the Improving quadrant with the trail still strengthening, RS Rating is 86, and it has maintained a 35-day Near 52-Week High momentum persistence. The main caution: the Fortress Balance preset's Backtest win rate is only 40.8%. Net: Mixed signal stack, not a recommendation. ? Conviction RRG RS Rating Momentum Streaks Backtest
Sources
Conviction 3/39 · Technology in Improving quadrant · RS Rating 86 · Near 52-Week High streak: 35d · Backtest win rate 40.8%
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🌏 Global Investor Returns
Currency-adjusted total returns for FLYW including FX impact
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📈 Price History
Ratio Health
— Excellent
— Good
— Average
— Poor
By Category
📊 Peer Medians
About

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.

Key Ratios Snapshot
📈 Growth Pattern
📊 Quick Scorecard
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⭐ Superinvestors Holding FLYW
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Manager Shares Value % of Fund Period
Steve Cohen Point72 Asset Management 909.4K $10.6M 0.01% Mar 2026
Jim Simons Renaissance Technologies LLC 887.2K $10.3M 0.02% Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

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📊 MIXED Flywire Q1 revenue $184M (+43% YoY), EBITDA margin 21.4%; raised full-year guidance
Revenue & Profitability
Q1 2026 total revenue reached $184 million, up 43% on a spot basis and 37% FX-neutral. Adjusted gross profit was $110.5 million (+34% YoY). Adjusted EBITDA was $39 million, a 21.4% margin representing 452 basis points of year-over-year expansion. GAAP net income exceeded $12 million. For the full year 2026, Flywire raised guidance to 18%-24% FX-neutral revenue growth (including ~3-4 points from payment processing ramps and ~1.5 points inorganic) and expects adjusted EBITDA margin of approximately 22.8% at the midpoint.
Outlook
Management remains prudent on macro assumptions: U.S. visas down 30%, Canada down 10%, and U.K. and Australia roughly flat. Despite headwinds, Flywire's non-Big Four education revenue grew over 40% YoY, and more than 60% of new education clients came from outside those four markets. The company watches potential disruption from oil/airline availability but has not seen impacts on luxury travel clients. Healthcare and B2B ramps (e.g., Cleveland Clinic) are expected to normalize by end of 2026.
Growth Drivers
Key growth drivers include vendor consolidation (e.g., Cornell University's full Student Financial Software Suite), domestic payment expansion (tenfold TAM increase in education), international rollout of Sertifi hospitality solutions, and strong momentum in non-Big Four education markets (Germany, Spain, Italy, Singapore). The land-and-expand strategy drives gross profit growth with low churn. AI and automation are reducing support handling time by 30% and onboarding faster without linear headcount growth.
Balance Sheet & CapEx
Not discussed in this earnings call in specific dollar amounts. However, management mentioned 'deliberate investments in domestic expansion, growth, data, and AI infrastructure alongside scaling Sertifi beyond the U.S. into a global platform.' The company also announced a $50 million accelerated share repurchase program, funded by available cash.
Margins
Adjusted gross margin was 60.1% in Q1, down ~400 bps year-over-year primarily due to mix effects from lower-margin payment processing ramps (Cleveland Clinic, B2B invoice migration) and vertical mix, not competitive pressure. Adjusted EBITDA margin expanded 452 bps to 21.4%, with non-GAAP operating expenses growing slower than gross profit. For the full year, Flywire expects ~175-375 bps of EBITDA margin expansion to roughly 22.8% at the midpoint, with margin expansion weighted to the second half as revenue scales seasonally.
Key Risks
Management flagged several risks: macro headwinds from U.S. visa policy (assumed down 30%), Canadian visa restrictions (down 10%), and potential impact from oil/airline disruption on travel. The strong January education peak was considered non-recurring. The Cleveland Clinic and B2B invoice ramps are temporary and will largely normalize by end of 2026, causing second-half revenue growth deceleration. Foreign exchange and mix effects also pose quarterly variability.
Generated by AI · Q1 2026 results · Not investment advice
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✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter
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📞 Earnings Call Transcripts (5)
Q2 2026 Q2 2026 2026-08-04
Q2 2026 saw robust revenue and EBITDA growth, driven by strong travel and education segments, expanding software adoption, and AI-enabled productivity gains. Raised full-year guidance reflects continued momentum, despite macro headwinds and mix-driven margin pressure.
Q1 2026 Q1 2026 2026-05-05
Q1 2026 delivered strong revenue and profit growth, driven by broad-based outperformance across all verticals and accelerated by AI-driven efficiencies. Full-year guidance was raised, with continued investment in digital transformation and capital returns, while macro assumptions remain prudent.
Q4 2025 Q4 2025 2026-02-24
Delivered strong Q4 and full-year results with revenue and EBITDA margin above guidance, driven by broad-based growth across verticals and geographies. 2026 outlook anticipates continued revenue and margin expansion, with temporary margin pressure from ramping payment processing programs and prudent macro assumptions.
Q3 2025 Q3 2025 2025-11-04
Q3 2025 results exceeded expectations with 26% revenue growth and strong adjusted EBITDA, driven by diversified client wins and robust execution across all verticals. Raised full-year guidance, but anticipate margin pressure from business mix and macro headwinds into 2026.
Q2 2025 Q2 2025 2025-08-05
Q2 2025 saw strong revenue growth, margin expansion, and record ARR, led by education and travel. Certify integration and global diversification drove results, while guidance remains cautious due to visa and macro headwinds in key markets.
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Financial Model
Projections are built from each company's audited annual financials (Income Statement, Balance Sheet, Cash Flow) over the last 5 fiscal years. Forward assumptions — revenue growth %, EBITDA margin, D&A (USD millions), interest expense, tax rate, and capex — are AI-generated using historical context and refreshed twice a year: after the December results season and after the September/Q4 results season.

DCF Valuation
Fair Value = Σ(FCFt / (1+WACC)t) + Terminal Value. Terminal Value uses the Gordon Growth Model: FCF5 × (1+g) / (WACC−g). Default WACC: 10% (US risk-free ~4.5%, equity risk premium ~5.5%). Default terminal growth: 3% (long-run US nominal GDP proxy).

CAGR Tracker
Expected 5-year CAGR = (DCF Fair Value / Current Price)1/5 − 1. Assumes fair value is reached in exactly 5 years — a mechanical estimate only.

Data Sources & Limitations
Financial statements sourced from public filings. Prices updated daily. Forward assumptions are AI-generated. All monetary values in USD millions. Non-US ADR companies may have currency conversion inaccuracies. Models are point-in-time and do not update intra-quarter or account for M&A, macro shocks, or extraordinary items.

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Information Sources:
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