Flywire Continues Execution on Buyback Plan Through Direct Repurchase Agreement
Rhea-AI Summary
Flywire (Nasdaq: FLYW) advanced its share repurchase strategy by signing a definitive agreement to directly buy approximately 1.87 million non-voting shares from a pre-IPO shareholder for about $29 million, funded entirely with cash, under its existing $300 million authorization.
This transaction, priced at a discount to the May 13, 2026 closing share price, replaces a planned $50 million accelerated share repurchase and retires all non-voting stock. Flywire still plans to repurchase up to $50 million of shares and aims to maintain annual net dilution near 3% over time.
AI-generated analysis. Not financial advice.
Positive
- Direct repurchase of approximately 1.87 million non-voting shares for about $29 million
- Repurchase price set at a discount to May 13, 2026 market close
- Transaction funded entirely with cash on the balance sheet
- Part of an existing $300 million share repurchase authorization
- Company continues to target up to $50 million in additional buybacks
- All non-voting common stock will be retired after the transaction
Negative
- Use of approximately $29 million in cash reduces balance sheet cash levels
Key Figures
Market Reality Check
Peers on Argus
FLYW was up 3.28% while close peers were mixed: PRGS +1.28%, RZLV +0.77%, NYAX -0.14%, NTCT -2.14%, TUYA -3.56%, pointing to a stock-specific response.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| May 05 | Q1 2026 earnings | Positive | +20.5% | Strong Q1 growth, return to profitability, larger buyback and raised guidance. |
| Apr 29 | Major customer win | Positive | +0.7% | Penn State selects Flywire software for tuition management across 100,000+ students. |
| Apr 22 | New partnership | Positive | +1.0% | Three-year global payments deal with KnowBe4 to automate invoice-to-cash. |
| Apr 20 | Earnings date notice | Neutral | -0.5% | Announcement of timing and participants for Q1 2026 earnings call. |
| Mar 26 | Board appointment | Neutral | -2.9% | Appointment of Christine Katziff to board and Audit Committee roles. |
Recent fundamentally positive news (earnings and new partnerships) has generally seen aligned positive price reactions, with only one notable divergence on a governance update.
Over the last few months, Flywire has reported strong Q1 2026 results with revenue of $188.1M and a swing to profitability, which saw a 20.51% positive reaction. The company also announced an up to $50M accelerated share repurchase and maintains a $300M authorization. Commercially, Flywire added Penn State and KnowBe4 as meaningful client wins, both with modest positive price moves. A board appointment and an earnings-date announcement had smaller, mixed reactions. Today’s buyback execution fits into this ongoing capital-return and growth narrative.
Market Pulse Summary
This announcement details Flywire’s execution of its capital return strategy, including repurchase of approximately 1.87 million non-voting shares for about $29 million and continued plans to buy back up to $50 million under a $300 million authorization. It follows strong Q1 2026 results with revenue of $188.1M and profitability, plus cash of $311.9M. Investors may watch how ongoing buybacks, insider trading activity, and future earnings updates interact with growth investments and selective M&A.
Key Terms
non-voting common stock financial
net dilution financial
m&a financial
AI-generated analysis. Not financial advice.
BOSTON, May 15, 2026 (GLOBE NEWSWIRE) -- Flywire Corporation (Nasdaq: FLYW) (“Flywire” or the “Company”), a global payments enablement and software company, today announced a significant step in the execution of its previously announced plan to repurchase up to
Flywire has entered into a privately negotiated definitive agreement with a pre-IPO shareholder to purchase all of the Company’s outstanding non-voting common stock (approximately 1.87 million shares) for an aggregate sum of approximately
This direct purchase replaces the need to execute a formal ASR program. Flywire will continue to execute against the plan of buying back up to
"We remain focused on capturing market dislocation and delivering significant value to our shareholders, while maintaining the flexibility to continue investing in the innovation and expansion of our core verticals," - said Cosmin Pitigoi, Flywire CFO.
Following the completion of this repurchase, the shares of non-voting common stock will be retired, and there will be no non-voting common stock outstanding.
About Flywire
Flywire is a global payments enablement and software company. We combine our proprietary global payments network, next-gen payments platform and vertical-specific software to deliver the most important and complex payments for our clients and their customers.
Flywire leverages its vertical-specific software and payments technology to deeply embed within the existing A/R workflows for its clients across the education, healthcare, and travel vertical markets, as well as in key B2B industries. Flywire also integrates with leading ERP systems, such as NetSuite, so organizations can optimize the payment experience for their customers while eliminating operational challenges.
Flywire supports approximately 5,100** clients with diverse payment methods in more than 140 currencies across more than 240 countries and territories around the world. Flywire is headquartered in Boston, MA, USA, with global offices. For more information, visit www.flywire.com. Follow Flywire on X, LinkedIn and Facebook.
**Excludes clients from Flywire’s Sertifi and Invoiced acquisitions
Safe Harbor Statement
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements regarding Flywire’s future operating results and financial position, Flywire’s business strategy and plans, market growth, and Flywire’s objectives for future operations. Flywire intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by terms such as, but not limited to, “believe,” “may,” “will,” “potentially,” “estimate,” “continue,” “anticipate,” “intend,” “could,” “would,” “project,” “target,” “plan,” “expect,” or the negative of these terms, and similar expressions intended to identify forward-looking statements. Such forward-looking statements are based upon current expectations that involve risks, changes in circumstances, assumptions, and uncertainties. Important factors that could cause actual results to differ materially from those reflected in Flywire's forward-looking statements include, among others, Flywire’s future financial performance and its share repurchase program. Risks that may cause actual results to differ materially from these forward looking statements include, but are not limited to: Flywire’s ability to execute its business plan and effectively manage its growth; Flywire’s cross-border expansion plans and ability to expand internationally; anticipated trends, growth rates, and challenges in Flywire’s business and in the markets in which Flywire operates; the sufficiency of Flywire’s cash and cash equivalents to meet its liquidity needs; political, economic, foreign currency exchange rate, inflation, legal, social and health risks, that may affect Flywire’s business or the global economy; Flywire’s beliefs and objectives for future operations; Flywire’s ability to develop and protect its brand; Flywire’s ability to maintain and grow the payment volume that it processes; Flywire’s ability to further attract, retain, and expand its client base; Flywire’s ability to develop new solutions and services and bring them to market in a timely manner; Flywire’s expectations concerning relationships with third parties, including financial institutions and strategic partners; the effects of increased competition in Flywire’s markets and its ability to compete effectively; recent and future acquisitions or investments in complementary companies, products, services, or technologies; uncertainties associated with the timing and scope of future repurchases by Flywire of its common stock, including the timing, value and number of shares repurchased, and the timing and duration of Flywire’s share repurchase program, which may be discontinued, accelerated, suspended or delayed at any time due to various factors, including market conditions and the level of other investing activities and uses of cash; Flywire’s ability to enter new client verticals, including its relatively new hospitality sector; Flywire’s expectations regarding anticipated technology needs and developments and its ability to address those needs and developments with its solutions; Flywire’s expectations regarding its ability to meet existing performance obligations and maintain the operability of its solutions; Flywire’s expectations regarding the effects of existing and developing laws and regulations, including with respect to payments and financial services, taxation, privacy and data protection; Flywire’s ability to adapt its business to changes in government policy regarding tariffs and immigration; economic and industry trends, including the risk of a global recession, projected growth, or trend analysis; the effects of global events and geopolitical conflicts, including without limitation the recent hostilities in Ukraine and involving Israel, Hamas and Iran; Flywire’s ability to adapt to recommended or implemented U.S. policy changes, in particular those that impact higher education, the desire for foreign students to study in the U.S., immigration and visa policy, and changes to regulatory agencies and depth of enforcement of regulations; Flywire’s ability to adapt to changes in U.S. federal income or other tax laws or the interpretation of tax laws, including the Inflation Reduction Act of 2022 and The One Big Beautiful Bill Act of 2025; Flywire’s ability to attract and retain qualified employees; Flywire’s ability to maintain, protect, and enhance its intellectual property; Flywire’s ability to maintain the security and availability of its solutions; the increased expenses associated with being a public company; the future market price of Flywire’s common stock; and other factors that are described in the "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections of Flywire's Annual Report on Form 10-K for the year ended December 31, 2025 and Quarterly Report on Form 10-Q for the quarter ended March 31, 2026, which are on file with the Securities and Exchange Commission (SEC) and available on the SEC's website at https://www.sec.gov/. The information in this release is provided only as of the date of this release, and Flywire undertakes no obligation to update any forward-looking statements contained in this release on account of new information, future events, or otherwise, except as required by law.
Contacts
Investor Relations:
Masha Kahn
ir@Flywire.com
Media:
Sarah King
Media@Flywire.com
