Flywire Corporation (FLYW) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 10, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 5, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the FLYW SEC filings page.
Flywire Corporation (FLYW) reported $713.5M in revenue over the twelve months to Jun 30, 2026, up 32.2% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 7 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Flywire has crossed into profitability while converting sales into cash, but expansion has made its balance sheet more acquisition-heavy.
FY2025 operating cash flow was$100M against net income of$13.5M , so reported earnings captured only a small part of cash generation. Free cash flow was$98.8M despite capital expenditures of$1.35M , showing the model currently requires little physical reinvestment to produce cash.
Revenue rose from
Liquidity became less flexible even as profitability improved: the current ratio fell from 2.6x in FY2024 to 1.5x in FY2025. Total liabilities increased to
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Flywire Corporation's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Flywire Corporation has an operating margin of 1.8%, meaning the company retains $2 of operating profit per $100 of revenue. This results in a moderate score of 34/100, indicating healthy but not exceptional operating efficiency. This is up from -1.5% the prior year.
Flywire Corporation's revenue surged 26.6% year-over-year to $623.0M, reflecting rapid business expansion. This strong growth earns a score of 86/100.
Flywire Corporation has a moderate D/E ratio of 0.50. This balance of debt and equity financing earns a leverage score of 61/100.
Flywire Corporation's current ratio of 1.50 indicates adequate short-term liquidity, earning a score of 41/100. The company can meet its near-term obligations, though with limited headroom.
Flywire Corporation converts 15.9% of revenue into free cash flow ($98.8M). This strong cash generation earns a score of 83/100.
Flywire Corporation's ROE of 1.6% shows moderate profitability relative to equity, earning a score of 32/100. This is up from 0.4% the prior year.
Flywire Corporation scores 3.82, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($2.3B) relative to total liabilities ($418.1M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Flywire Corporation passes 6 of 7 computable financial strength tests (2 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Flywire Corporation generates $7.42 in operating cash flow ($100.2M OCF vs $13.5M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Flywire Corporation earns $3.23 in operating income for every $1 of interest expense ($11.3M vs $3.5M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.
Key Financial Metrics
Earnings & Revenue
Flywire Corporation generated $167.7M in revenue in Q2 2026. This represents an increase of 27.2% from the same quarter a year earlier. Against the prior quarter it is down 10.8%.
Flywire Corporation's EBITDA was -$1.2M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 84.4% from the same quarter a year earlier. Against the prior quarter it is down 106.2%.
Flywire Corporation reported -$8.1M in net income in Q2 2026. This represents an increase of 32.1% from the same quarter a year earlier. Against the prior quarter it is down 165.1%.
Flywire Corporation earned -$0.07 per diluted share (EPS) in Q2 2026. This represents an increase of 30.0% from the same quarter a year earlier. Against the prior quarter it is down 170.0%.
Cash & Balance Sheet
Flywire Corporation generated $20.8M in free cash flow in Q2 2026, representing cash available after capex. This represents an increase of 7.5% from the same quarter a year earlier. Against the prior quarter it is up 230.3%.
Flywire Corporation held $282.4M in cash as of Q2 2026; long-term debt is not reported for that period.
Not reported for Q2 2026.
Margins & Returns
Flywire Corporation's operating margin was -1.7% in Q2 2026, reflecting core business profitability. This is up 5.2 percentage points from the same quarter a year earlier. Against the prior quarter it is down 7.4 percentage points.
Flywire Corporation's net profit margin was -4.9% in Q2 2026, showing the share of revenue converted to profit. This is up 4.2 percentage points from the same quarter a year earlier. Against the prior quarter it is down 11.5 percentage points.
Flywire Corporation's ROE was -1.0% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 0.5 percentage points from the same quarter a year earlier. Against the prior quarter it is down 2.5 percentage points.
Not reported for Q2 2026.
Capital Allocation
Flywire Corporation invested $18.4M in research and development in Q2 2026. This represents an increase of 7.5% from the same quarter a year earlier. Against the prior quarter it is down 5.4%.
Flywire Corporation spent $20.5M on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. This represents an increase of 309.8% from the same quarter a year earlier. Against the prior quarter it is up 104.3%.
Flywire Corporation invested $273K in capex in Q2 2026, funding long-term assets and infrastructure. This represents a decrease of 50.1% from the same quarter a year earlier. Against the prior quarter it is up 96.4%.
FLYW Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $167.7M+27.2% | $188.1M+41.0% | $157.5M+34.0% | $200.1M+27.6% | $131.9M+27.2% | $133.5M+17.0% | $117.5M+16.9% | $156.8M+27.2% |
| R&D Expenses | $18.4M+7.5% | $19.4M+14.9% | $18.5M+6.7% | $17.6M+5.7% | $17.1M+8.0% | $16.9M+1.0% | $17.4M+2.8% | $16.7M+14.4% |
| SG&A Expenses | $38.5M+27.5% | $40.0M+20.9% | $36.2M+16.1% | $36.0M+15.9% | $30.2M-5.6% | $33.1M+4.6% | $31.2M+11.2% | $31.1M+15.6% |
| Operating Income | -$2.8M+69.2% | $10.8M+198.1% | -$965K+83.3% | $32.3M+59.1% | -$9.0M+43.0% | -$11.0M-84.3% | -$5.8M+42.4% | $20.3M+70.5% |
| EBITDA | -$1.2M+84.4% | $18.8M+442.7% | $16.6M+229.9% | $33.8M+57.9% | -$7.5M+48.6% | -$5.5M-221.9% | $5.0M+1804.7% | $21.4M+64.6% |
| Interest Expense | $300K-72.7% | $300K-57.1% | $600K+380.0% | $1.1M+1000.0% | $1.1M+727.1% | $700K+393.0% | $125K+37.4% | $100K0.0% |
| Income Tax | $2.8M-59.5% | $2.2M+345.5% | $278K-72.1% | $1.6M+118.8% | $7.0M+49.3% | -$884K-154.7% | $995K-48.7% | -$8.3M-1207.3% |
| Net Income | -$8.1M+32.1% | $12.5M+400.9% | $36K+100.2% | $29.6M-23.8% | -$12.0M+13.5% | -$4.2M+33.1% | -$15.9M-1368.9% | $38.9M+265.5% |
| EPS (Basic) | -$0.07+30.0% | $0.10+433.3% | $0.00+100.0% | $0.24-22.6% | -$0.10+9.1% | -$0.03+40.0% | -$0.13-750.0% | $0.31+244.4% |
| EPS (Diluted) | -$0.07+30.0% | $0.10+433.3% | $0.00+100.0% | $0.23-23.3% | -$0.10+9.1% | -$0.03+40.0% | -$0.13 | $0.30+275.0% |
| Diluted Shares (Avg) | 122M+0.5% | 128M+3.8% | N/A | 128M-1.1% | 122M-2.2% | 123M+0.1% | N/A | 129M+2.9% |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit.
FLYW Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.2B+4.4% | $1.2B+9.6% | $1.3B+11.7% | $1.3B+1.6% | $1.1B+11.6% | $1.1B+6.2% | $1.1B+4.0% | $1.2B+26.2% |
| Current Assets | $504.5M+12.4% | $512.3M+29.2% | $602.3M-21.1% | $606.1M-30.8% | $448.8M-36.9% | $396.5M-46.4% | $762.9M-6.5% | $875.5M+14.8% |
| Cash & Equivalents | $282.4M+13.1% | $311.9M+63.7% | $330.3M-33.3% | $354.9M-37.2% | $249.7M-53.7% | $190.5M-69.2% | $495.2M-24.3% | $565.0M-11.5% |
| Short-Term Investments | $11.8M-52.0% | $13.2M-79.7% | $24.7M-78.7% | $22.4M-80.7% | $24.5M-22.6% | $64.8M | $115.8M | $116.1M |
| Accounts Receivable | $38.8M+30.8% | $40.2M+19.6% | $34.8M+46.7% | $40.4M+46.7% | $29.7M+46.5% | $33.6M+70.6% | $23.7M+30.1% | $27.5M+51.6% |
| Long-Term Investments | $0-100.0% | $0-100.0% | $0-100.0% | $4.4M-89.1% | $14.9M-44.3% | $18.1M | $50.1M | $40.4M |
| Goodwill | $407.0M+0.1% | $406.8M+1.0% | $406.5M+171.8% | $406.1M+159.9% | $406.4M+236.9% | $402.7M+236.4% | $149.6M+22.9% | $156.3M+60.8% |
| Total Liabilities | $346.4M+7.6% | $310.2M+12.3% | $418.1M+35.9% | $430.7M+8.6% | $321.9M+64.1% | $276.1M-84.6% | $307.7M+4.8% | $396.8M+91.6% |
| Current Liabilities | $330.9M+37.7% | $293.5M+49.8% | $401.8M+38.6% | $395.9M+5.5% | $240.2M+35.4% | $195.9M+7.4% | $289.8M+5.8% | $375.3M+95.4% |
| Non-Current Liabilities | $15.5M-81.1% | $16.6M-79.3% | $16.4M-8.5% | $34.8M+62.4% | $81.7M+336.0% | $80.2M-95.0% | $17.9M-9.7% | $21.4M+43.1% |
| Long-Term Debt | N/A | N/A | N/A | $15.0M | $60.0M | $60.0M | $0 | N/A |
| Total Equity | $816.6M+3.0% | $852.2M+8.7% | $835.2M+2.5% | $829.1M-1.7% | $792.4M-1.3% | $784.3M+198.4% | $814.8M+3.6% | $843.2M+8.8% |
| Retained Earnings | -$153.0M+18.2% | -$144.9M+17.2% | -$157.4M+7.9% | -$157.4M-1.6% | -$187.0M+3.5% | -$175.0M+2.8% | -$170.9M+1.7% | -$155.0M+11.5% |
Not reported in any period shown, so not listed: Inventory.
FLYW Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $21.1M+6.0% | -$15.8M+80.4% | $4.9M+117.1% | $156.2M-15.4% | $19.9M+203.1% | -$80.8M-112.1% | -$28.6M-151.5% | $184.6M+296.8% |
| Depreciation & Amortization | $1.6M+6.7% | $8.0M+45.7% | $7.0M+50.9% | $1.5M+36.4% | $1.5M+25.0% | $5.5M+29.2% | $4.7M+16.6% | $1.1M0.0% |
| Stock-Based Compensation | $17.3M-1.2% | $17.5M-3.7% | N/A | $17.7M+7.5% | $17.5M+2.7% | $18.2M+22.7% | N/A | $16.5M+45.7% |
| Capital Expenditures | $273K-50.1% | $139K-25.7% | $390K+286.1% | $226K+3.2% | $547K+56.7% | $187K-26.7% | $101K+53.0% | $219K-19.5% |
| Free Cash Flow | $20.8M+7.5% | -$16.0M+80.3% | $4.5M+115.7% | $155.9M-15.4% | $19.4M+198.5% | -$81.0M-111.2% | -$28.7M-151.7% | $184.4M+298.7% |
| Investing Cash Flow | -$1.9M-104.6% | $7.7M+103.2% | -$3.1M+67.4% | $5.3M+103.7% | $41.0M+167.5% | -$237.4M-15581.3% | -$9.4M+72.1% | -$142.3M-8752.5% |
| Financing Cash Flow | -$48.6M-505.8% | -$12.6M-207.9% | -$24.5M-16.6% | -$57.5M-181.0% | -$8.0M-598.3% | $11.6M+417.5% | -$21.0M-189.8% | -$20.5M-107.7% |
| Share Buybacks | $20.5M+309.8% | $10.0M-79.7% | N/A | $10.0M-56.2% | $5.0M | $49.3M | N/A | $22.9M |
Not reported in any period shown, so not listed: Dividends Paid.
FLYW Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Margin | -1.7%+5.2pp | 5.7%+14.0pp | -0.6%+4.3pp | 16.1%+3.2pp | -6.8%+8.4pp | -8.2%-3.0pp | -4.9%+5.1pp | 12.9%+3.3pp |
| Net Margin | -4.9%+4.2pp | 6.7%+9.8pp | 0.0%+13.6pp | 14.8%-10.0pp | -9.1%+4.3pp | -3.1%+2.3pp | -13.5%-14.8pp | 24.8%+16.2pp |
| Return on Equity | -1.0%+0.5pp | 1.5%+2.0pp | 0.0%+2.0pp | 3.6%-1.0pp | -1.5%+0.2pp | -0.5% | -2.0%-2.1pp | 4.6%+3.2pp |
| Return on Assets | -0.7%+0.4pp | 1.1%+1.5pp | 0.0%+1.4pp | 2.4%-0.8pp | -1.1%+0.3pp | -0.4%+0.2pp | -1.4%-1.5pp | 3.1%+2.1pp |
| Current Ratio | 1.52-0.3x | 1.75-0.3x | 1.50-1.1x | 1.53-0.8x | 1.87-2.1x | 2.02-2.0x | 2.63-0.3x | 2.33-1.6x |
| Debt-to-Equity | 0.42+0.3x | 0.36+0.3x | 0.50+0.5x | 0.02-0.5x | 0.08-0.2x | 0.08 | 0.00-0.4x | 0.47+0.2x |
| Asset Turnover | 0.140.0x | 0.160.0x | 0.130.0x | 0.160.0x | 0.120.0x | 0.130.0x | 0.100.0x | 0.130.0x |
| FCF Margin | 12.4%-2.3pp | -8.5%+52.2pp | 2.9%+27.2pp | 77.9% | 14.7%+33.7pp | -60.7%-27.1pp | -24.4%-79.5pp | 117.6% |
Not reported in any period shown, so not listed: Gross Margin.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Flywire Corporation FLYW | FY2025 | $623.0M | $13.5M | 2.2% | $2.3B | 56/100 |
| Progress Software Corp (DE) PRGS | FY2025 | $977.8M | $73.1M | 7.5% | $1.6B | 55/100 |
| Nayax Ltd. NYAX | FY2025 | $400.4M | $35.5M | 8.9% | $1.7B | 51/100 |
| Rezolve AI PLC RZLV | FY2025 | $46.8M | -$101.4M | N/A | $796.2M | 33/100 |
| Netscout Systems Inc NTCT | FY2026 | $859.5M | $95.5M | 11.1% | $3.0B | 47/100 |
| Tuya Inc. TUYA | FY2025 | $321.8M | $57.9M | 18.0% | $1.1B | 67/100 |
Where Flywire Corporation Ranks
Frequently Asked Questions
What is Flywire Corporation's annual revenue?
Flywire Corporation (FLYW) reported $623.0M in total revenue for fiscal year 2025. This represents a 26.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Flywire Corporation's revenue growing?
Flywire Corporation (FLYW) revenue grew by 26.6% year-over-year, from $492.1M to $623.0M in fiscal year 2025.
Is Flywire Corporation profitable?
Yes, Flywire Corporation (FLYW) reported a net income of $13.5M in fiscal year 2025, with a net profit margin of 2.2%.
What is Flywire Corporation's EBITDA?
Flywire Corporation (FLYW) had EBITDA of $37.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Flywire Corporation's operating margin?
Flywire Corporation (FLYW) had an operating margin of 1.8% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Flywire Corporation's net profit margin?
Flywire Corporation (FLYW) had a net profit margin of 2.2% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Flywire Corporation's return on equity (ROE)?
Flywire Corporation (FLYW) has a return on equity of 1.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Flywire Corporation's free cash flow?
Flywire Corporation (FLYW) generated $98.8M in free cash flow during fiscal year 2025. This represents a 1.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Flywire Corporation's operating cash flow?
Flywire Corporation (FLYW) generated $100.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Flywire Corporation's total assets?
Flywire Corporation (FLYW) had $1.3B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Flywire Corporation's capital expenditures?
Flywire Corporation (FLYW) invested $1.4M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Flywire Corporation spend on research and development?
Flywire Corporation (FLYW) invested $70.2M in research and development during fiscal year 2025.
What is Flywire Corporation's current ratio?
Flywire Corporation (FLYW) had a current ratio of 1.50 as of fiscal year 2025, which is considered adequate.
What is Flywire Corporation's debt-to-equity ratio?
Flywire Corporation (FLYW) had a debt-to-equity ratio of 0.50 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Flywire Corporation's return on assets (ROA)?
Flywire Corporation (FLYW) had a return on assets of 1.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Flywire Corporation's P/E ratio?
Flywire Corporation (FLYW) trades at 67.1x earnings, its market capitalization divided by net income of $34.0M net income, trailing 12 months to June 30, 2026. The market capitalization is $2.3B as of Oct 10, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Flywire Corporation's price-to-sales ratio?
Flywire Corporation (FLYW) trades at 3.2x sales, its market capitalization divided by revenue of $713.5M revenue, trailing 12 months to June 30, 2026. The market capitalization is $2.3B as of Oct 10, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Flywire Corporation's Altman Z-Score?
Flywire Corporation (FLYW) has an Altman Z-Score of 3.82, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Flywire Corporation's Piotroski F-Score?
Flywire Corporation (FLYW) has a Piotroski F-Score of 6 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Flywire Corporation's earnings high quality?
Flywire Corporation (FLYW) has an earnings quality ratio of 7.42x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Flywire Corporation cover its interest payments?
Flywire Corporation (FLYW) has an interest coverage ratio of 3.23x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Flywire Corporation?
Flywire Corporation (FLYW) scores 56 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.