Recent News
On July 10–20, 2025 Flywire posted multiple hiring announcements for roles across engineering and business development in the U.S. and Europe. Throughout September 2025 community-driven analytics posts flagged recurring “buy” signals at mid-$13 levels on crowd-sourced charting platforms (not company releases).
Technical Analysis
ADX at 21.85 signals an emerging trend; the strength indicator moved above the minimal threshold, supporting the near-term directional bias implied by other momentum measures.
DI+ at 23.22 registered a dip-and-reverse, which denotes bullish directional pressure; DI- at 20.64 showed a peak-and-reversal, which also aligns with a bullish shift in directional movement. Together these directional readings favor upside continuation while the ADX confirms trend emergence rather than an established strong trend.
MACD stands at 0.25 with the MACD signal at 0.28 and the MACD trend marked as a dip-and-reversal. Momentum moved higher but remained below the signal line, indicating improving bullish momentum that has not yet produced a confirmed MACD crossover.
MRO at -9.17 registers negative, indicating price sits below the model target and therefore contains potential to rise toward that target; the MRO trend shows a dip-and-reversal, supporting the view of returning upside pressure.
RSI equals 59.37 with a dip-and-reversal trend, suggesting momentum advanced from lower levels into a neutral-to-mildly-strong range without extended overbought readings; that supports scope for further gains before a clear overbought condition arrives.
Price relationships favor the bulls: last close $13.54 sits above the 12-day EMA $13.35, the 26-day EMA $13.11, and the 200-day average $13.24. Ichimoku conversion and base lines at roughly $13.02 and $13.01 trade below price, reinforcing near-term support around those levels. Price also trades near the upper Bollinger band (upper ≈ $13.62), signaling compression that could resolve with continuation if momentum confirms.
Volume at 2.38 million ran slightly above the 10-day average 2.08 million, indicating recent participation on moves. Short-term volatility measures and a 42-day beta of 1.63 imply above-market sensitivity; 52-week beta of 0.90 suggests longer-run correlation nearer to market.
Fundamental Analysis
Revenue totaled $131,891,000 while YoY revenue growth registered -87.20% and the most recent revenue growth figure reads -1.17%. QoQ dynamics showed a steep sequential decline in the metric provided. Those growth metrics signal contraction relative to prior-year comparisons.
Gross margin at 59.14% stands below the industry peer mean of 64.08% and below the industry peer median of 75.66%, indicating lower gross profitability versus typical peers. Gross margin rose sharply on a QoQ basis per the provided change, reflecting improved unit economics in the latest quarter.
Operating margin sat at -5.80% and EBIT margin at -3.00%. Both margins trail the industry peer mean and median (operating margin peer mean 30.89%, EBIT margin peer mean 0.32%), so Flywire operates at a negative margin profile versus peer averages. EBIT margin fell QoQ by 7.23% and contracted YoY by 65.67%.
Net income equaled -$12,007,000 while EBITDA reached $2,807,000, producing an EBITDA bridge that remains positive even as operating income recorded a loss. Free cash flow measured $21,450,000 and free cash flow yield equaled 1.49%, which sits above the industry peer mean free cash flow yield of 0.66%—that suggests cash generation resilience despite negative accounting earnings.
EPS actual $0.02 missed the estimate $0.07 by $0.05, producing an EPS surprise of -71.43%, a material shortfall versus analyst expectations embedded in the provided estimate.
Leverage and liquidity present a conservative profile: total debt $61,418,000 leads to debt-to-assets 5.51% and debt-to-equity 7.75%, both well below the industry peer mean metrics. Current ratio equaled 1.87, above the industry peer mean 1.28, supporting near-term liquidity. Cash and short-term investments totaled $274,231,000, providing sizable liquidity against operating outflow levels.
Valuation metrics show elevated multiples: trailing P/E around 562.40x and forward P/E near 177.95x. Price-to-book near 1.82 sits below the industry peer mean of 9.44 and below the peer median of 8.65, while price-to-sales near 10.95 falls beneath the industry peer mean shown. The combined signals yield a stretched earnings multiple alongside a lower P/B relation. WMDST values the stock as over-valued.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-06-30 |
| REPORT DATE: | 2025-08-05 |
| NEXT REPORT DATE: | 2025-11-04 |
| CASH FLOW | Begin Period Cash Flow | $ 190.5 M |
| Operating Cash Flow | $ 24.1 M | |
| Capital Expenditures | $ -2.63 M | |
| Change In Working Capital | $ 12.2 M | |
| Dividends Paid | — | |
| Cash Flow Delta | $ 59.2 M | |
| End Period Cash Flow | $ 249.7 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 131.9 M | |
| Forward Revenue | $ -20.97 M | |
| COSTS | ||
| Cost Of Revenue | $ 53.9 M | |
| Depreciation | $ 6.8 M | |
| Depreciation and Amortization | $ 6.8 M | |
| Research and Development | $ 17.1 M | |
| Total Operating Expenses | $ 139.5 M | |
| PROFITABILITY | ||
| Gross Profit | $ 78.0 M | |
| EBITDA | $ 2.8 M | |
| EBIT | $ -3.96 M | |
| Operating Income | $ -7.65 M | |
| Interest Income | $ 1.1 M | |
| Interest Expense | $ 1.1 M | |
| Net Interest Income | $ 24.0 K | |
| Income Before Tax | $ -5.03 M | |
| Tax Provision | $ 7.0 M | |
| Tax Rate | 21.0 % | |
| Net Income | $ -12.01 M | |
| Net Income From Continuing Operations | $ -12.01 M | |
| EARNINGS | ||
| EPS Estimate | $ 0.07 | |
| EPS Actual | $ 0.02 | |
| EPS Difference | $ -0.05 | |
| EPS Surprise | -71.429 % | |
| Forward EPS | $ 0.06 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 1.1 B | |
| Intangible Assets | $ 606.0 M | |
| Net Tangible Assets | $ 186.4 M | |
| Total Current Assets | $ 448.8 M | |
| Cash and Short-Term Investments | $ 274.2 M | |
| Cash | $ 249.7 M | |
| Net Receivables | $ 29.7 M | |
| Inventory | — | |
| Long-Term Investments | $ 25.8 M | |
| LIABILITIES | ||
| Accounts Payable | $ 17.5 M | |
| Short-Term Debt | — | |
| Total Current Liabilities | $ 240.2 M | |
| Net Debt | — | |
| Total Debt | $ 61.4 M | |
| Total Liabilities | $ 321.9 M | |
| EQUITY | ||
| Total Equity | $ 792.4 M | |
| Retained Earnings | $ -187.04 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 6.49 | |
| Shares Outstanding | 122.181 M | |
| Revenue Per-Share | $ 1.08 | |
| VALUATION | Market Capitalization | $ 1.4 B |
| Enterprise Value | $ 1.2 B | |
| Enterprise Multiple | 438.758 | |
| Enterprise Multiple QoQ | -57.667 % | |
| Enterprise Multiple YoY | -225.627 % | |
| Enterprise Multiple IPRWA | FLYW: 438.758 high: 346.433 mean: 104.18 median: 102.408 low: -175.864 |
|
| EV/R | 9.338 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 1.406 | |
| Asset To Liability | 3.462 | |
| Debt To Capital | 0.072 | |
| Debt To Assets | 0.055 | |
| Debt To Assets QoQ | -5.064 % | |
| Debt To Assets YoY | 3574.667 % | |
| Debt To Assets IPRWA | high: 1.273 median: 0.361 mean: 0.323 FLYW: 0.055 low: 0.006 |
|
| Debt To Equity | 0.078 | |
| Debt To Equity QoQ | -1.261 % | |
| Debt To Equity YoY | 4044.92 % | |
| Debt To Equity IPRWA | high: 3.549 median: 1.943 mean: 1.554 FLYW: 0.078 low: -1.532 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 1.823 | |
| Price To Book QoQ | 0.755 % | |
| Price To Book YoY | -35.527 % | |
| Price To Book IPRWA | high: 18.53 mean: 9.442 median: 8.649 FLYW: 1.823 low: -5.086 |
|
| Price To Earnings (P/E) | 562.401 | |
| Price To Earnings QoQ | -245.169 % | |
| Price To Earnings YoY | -441.109 % | |
| Price To Earnings IPRWA | FLYW: 562.401 high: 311.81 median: 129.079 mean: 124.48 low: -161.471 |
|
| PE/G Ratio | -6.749 | |
| Price To Sales (P/S) | 10.952 | |
| Price To Sales QoQ | 3.008 % | |
| Price To Sales YoY | -49.959 % | |
| Price To Sales IPRWA | high: 63.641 median: 63.007 mean: 41.163 FLYW: 10.952 low: 0.281 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 177.947 | |
| Forward PE/G | -2.135 | |
| Forward P/S | -68.879 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 7.104 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.121 | |
| Asset Turnover Ratio QoQ | -0.801 % | |
| Asset Turnover Ratio YoY | 16.848 % | |
| Asset Turnover Ratio IPRWA | high: 0.467 mean: 0.151 median: 0.148 FLYW: 0.121 low: -0.019 |
|
| Receivables Turnover | 4.168 | |
| Receivables Turnover Ratio QoQ | -10.535 % | |
| Receivables Turnover Ratio YoY | -19.667 % | |
| Receivables Turnover Ratio IPRWA | high: 8.91 FLYW: 4.168 mean: 2.004 median: 1.875 low: -3.771 |
|
| Inventory Turnover | — | |
| Inventory Turnover Ratio QoQ | — | |
| Inventory Turnover Ratio YoY | — | |
| Inventory Turnover Ratio IPRWA | — | |
| Days Sales Outstanding (DSO) | 21.892 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | — | |
| Cash Conversion Cycle Days QoQ | — | |
| Cash Conversion Cycle Days YoY | — | |
| Cash Conversion Cycle Days IPRWA | — | |
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 0.633 | |
| CapEx To Revenue | -0.02 | |
| CapEx To Depreciation | -0.388 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 852.4 M | |
| Net Invested Capital | $ 852.4 M | |
| Invested Capital | $ 852.4 M | |
| Net Tangible Assets | $ 186.4 M | |
| Net Working Capital | $ 208.5 M | |
| LIQUIDITY | ||
| Cash Ratio | 1.141 | |
| Current Ratio | 1.868 | |
| Current Ratio QoQ | -7.701 % | |
| Current Ratio YoY | -53.384 % | |
| Current Ratio IPRWA | high: 8.192 FLYW: 1.868 mean: 1.281 median: 1.163 low: 0.102 |
|
| Quick Ratio | — | |
| Quick Ratio QoQ | — | |
| Quick Ratio YoY | — | |
| Quick Ratio IPRWA | — | |
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 21.88 | |
| Cost Of Debt | 1.368 % | |
| Interest Coverage Ratio | -3.719 | |
| Interest Coverage Ratio QoQ | -37.668 % | |
| Interest Coverage Ratio YoY | -94.546 % | |
| Interest Coverage Ratio IPRWA | high: 93.455 mean: 29.006 median: 24.959 FLYW: -3.719 low: -85.699 |
|
| Operating Cash Flow Ratio | 0.004 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 18.345 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | — | |
| Dividend Payout Ratio | — | |
| Dividend Rate | — | |
| Dividend Yield | — | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 5.093 % | |
| Revenue Growth | -1.17 % | |
| Revenue Growth QoQ | -108.649 % | |
| Revenue Growth YoY | -87.196 % | |
| Revenue Growth IPRWA | high: 48.984 % median: 11.911 % mean: 10.345 % FLYW: -1.17 % low: -36.33 % |
|
| Earnings Growth | -83.333 % | |
| Earnings Growth QoQ | 11.111 % | |
| Earnings Growth YoY | -169.444 % | |
| Earnings Growth IPRWA | high: 200.0 % mean: 20.242 % median: 11.26 % FLYW: -83.333 % low: -261.224 % |
|
| MARGINS | ||
| Gross Margin | 59.143 % | |
| Gross Margin QoQ | 50.369 % | |
| Gross Margin YoY | -3.858 % | |
| Gross Margin IPRWA | high: 91.59 % median: 75.664 % mean: 64.082 % FLYW: 59.143 % low: -33.394 % |
|
| EBIT Margin | -3.003 % | |
| EBIT Margin QoQ | -7.229 % | |
| EBIT Margin YoY | -65.672 % | |
| EBIT Margin IPRWA | high: 140.428 % mean: 32.454 % median: 19.824 % FLYW: -3.003 % low: -150.653 % |
|
| Return On Sales (ROS) | -5.803 % | |
| Return On Sales QoQ | 79.271 % | |
| Return On Sales YoY | -33.665 % | |
| Return On Sales IPRWA | high: 72.429 % mean: 30.888 % median: 18.71 % FLYW: -5.803 % low: -141.554 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 21.4 M | |
| Free Cash Flow Yield | 1.485 % | |
| Free Cash Flow Yield QoQ | -126.209 % | |
| Free Cash Flow Yield YoY | -255.172 % | |
| Free Cash Flow Yield IPRWA | high: 15.392 % FLYW: 1.485 % median: 0.849 % mean: 0.656 % low: -24.314 % |
|
| Free Cash Growth | -126.683 % | |
| Free Cash Growth QoQ | -240.668 % | |
| Free Cash Growth YoY | 180.433 % | |
| Free Cash Growth IPRWA | high: 457.143 % mean: 10.775 % median: -6.308 % FLYW: -126.683 % low: -552.123 % |
|
| Free Cash To Net Income | -1.786 | |
| Cash Flow Margin | 0.804 % | |
| Cash Flow To Earnings | -0.088 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | -1.104 % | |
| Return On Assets QoQ | 189.764 % | |
| Return On Assets YoY | -20.576 % | |
| Return On Assets IPRWA | high: 14.526 % mean: 3.99 % median: 1.79 % FLYW: -1.104 % low: -14.505 % |
|
| Return On Capital Employed (ROCE) | -0.453 % | |
| Return On Equity (ROE) | -0.015 | |
| Return On Equity QoQ | 185.849 % | |
| Return On Equity YoY | -12.377 % | |
| Return On Equity IPRWA | high: 0.169 median: 0.051 mean: 0.039 FLYW: -0.015 low: -0.399 |
|
| DuPont ROE | -1.523 % | |
| Return On Invested Capital (ROIC) | -0.367 % | |
| Return On Invested Capital QoQ | -13.033 % | |
| Return On Invested Capital YoY | -129.173 % | |
| Return On Invested Capital IPRWA | high: 14.374 % mean: 7.292 % median: 4.251 % FLYW: -0.367 % low: -16.5 % |
|