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Flywire Corporation

FLYWTechnologyNASDAQ

Software - Infrastructure

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Financials · Annual
Revenue
$623.0M
+26.6% YoY
Net Income
$13.5M
+365.4% YoY
EBITDA
$51.0M
+158.2% YoY
Free Cash Flow
$160.7M

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About Flywire Corporation

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 carries a $1.98B market cap, placing it firmly in the small-cap category. 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.

Key stats
Market Cap$1.98B
P/E (TTM)66.83
Fwd P/E12.79
EPS$0.24
Beta1.30
52W Change+48.7%
ROE3.7%
Analysis

With $325.1M in cash and $1.5M in debt, FLYW maintains more liquidity than leverage. This favorable balance sheet position can be an asset when capital markets become less accommodating. Free cash flow comes in at $160.7M, providing flexibility for reinvestment, buybacks, or dividends. Consistent free cash flow generation is often considered a sign of operational health. Return on equity stands at 3.7%, which is modest for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. ROA of 1.9% is on the lower side, which is common in asset-heavy industries. Revenue has grown from $289.4M (2022) to $623.0M (2025), reflecting a 115% increase over the period.

With cash comfortably exceeding debt, FLYW has financial flexibility that may help navigate uncertain periods. At over 50x earnings, FLYW carries valuation risk — any slowdown in growth expectations could lead to meaningful price adjustments. It is important to consider these factors alongside broader market conditions and individual financial goals when reviewing FLYW.

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