Market Cap 1.63B
Revenue (ttm) 492.14M
Net Income (ttm) 2.90M
EPS (ttm) N/A
PE Ratio 114.50
Forward PE 97.27
Profit Margin 0.59%
Debt to Equity Ratio 0.08
Volume 2,092,768
Avg Vol 2,394,842
Day's Range N/A - N/A
Shares Out 122.31M
Stochastic %K 28%
Beta 1.29
Analysts Sell
Price Target $14.25

Company Profile

Flywire Corporation, together with its subsidiaries, operates as a payments enablement and software company in the United States and internationally. Its payment platform and network, and vertical-specific software help clients to get paid and help their customers to pay. The company's platform facilitates payment flows across multiple currencies, payment types, and payment options, as well as provides direct connections to alternative payment methods, such as Alipay, Boleto, PayPal/Venmo, and T...

Industry: Software - Infrastructure
Sector: Technology
Phone: 617 329 4524
Address:
141 Tremont Street, #10, Boston, United States
Traderdoggy
Traderdoggy Sep. 15 at 6:11 PM
$FLYW Raised again. 90% allocation as of today (not saying 90% of my financial assets just to be clear, also partly hedged with spoos). Not sure why FLYW isn't retaining the gains post the CFO comments last week but I'm taking this pullback from $14 to be an opportunity. I'm $110M above cons for 2026. Sure they won't guide to that amount right away but still - remember that their incremental margins lately have been 40% give or take. So if they so chose they could drop an extra $40M or more to the bottom line ebitda wise vs consensus. Then you get $185M in 2026 ebitda. And that gives you 7.7x current EV to 2026 ebitda. As they leave all these tough headwinds behind in 2026 (even as they do 17% organic growth in 2025 so hardly a disaster right?) the valuation could easily be 3x that and still not look demanding. That's why I'm at 90% - be greedy when others are fearful (or maybe they are just ill informed).
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Traderdoggy
Traderdoggy Sep. 15 at 11:29 AM
$FLYW My math says they will beat 2H revs by over 8% - basically across the board beat as guide was set very conservatively. The thing is that if you run the numbers, it shows that current consensus for 3Q2026 (peak qtr) would only imply 8% y-y growth over my 2025 3Q. I think they will likely do mid 20s% organic growth next year (plus 2% extra from M&A comps), so I have +27% rather than +8%. There's no sensible way to get even close to the 2026 consensus, it is just plain wrong - as in low. One more positive datapoint. UK study visa applications through August captures more than 2/3 of total for the year with August being peak month. The YTD data through August per the link below shows a y-y growth rate of almost 7% in study visa applications (from main applicant). It just confirms what the company told us last week in that revenues from their largest education market, the UK, have come in stronger than expected in Q3, alongside same thing in the USA. https://view.officeapps.live.com/op/view.aspx?src=https%3A%2F%2Fassets.publishing.service.gov.uk%2Fmedia%2F68c02948eeb238b20672a897%2Fmonthly-entry-clearance-visa-applications-data-tables-aug-2025.ods&wdOrigin=BROWSELINK
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Traderdoggy
Traderdoggy Sep. 13 at 9:56 PM
$FLYW One more better than expected dataset, this time from Australia. Data shows that total international students are up 1.6% through June. That said, first year students which drives about 50% of FLYW revs in edu were down 13%, so the visa caps are working. However within that 13%, first year university students were actually up a bit rather than down, important as FLYW is way over indexed to these students vs the other categories of students mentioned. With a new 9% increase in the cap next year its likely that FLYW estimates related to OZ are too low for this year and next. Remember the original guide was that OZ would be down 30% '25 vs '24, then 1Q it was revised to down high 20s, then in 2Q it's down 20%. 3Q report the full yr guide will be for down around 10% is my guess, because even with visa issues you have tuition hikes, new clients, more client penetration. Oz was 7.5% of revs in '24, so not huge, but helpful with US, UK also better than guide. https://www.macrobusiness.com.au/2025/09/international-student-enrolments-hit-record-high/
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Traderdoggy
Traderdoggy Sep. 12 at 7:44 PM
$FLYW 13.32 added - took to 80%. They just told us they are going to beat (and raise). What more do I need to know? Not much, I already know it's mispriced.
1 · Reply
Traderdoggy
Traderdoggy Sep. 11 at 9:51 PM
$FLYW #6 college system in terms of number of international students, Illinois, reports a y-y increase in intl students. That's a common theme - the big and good universities are not losing intl students, that's taking pace among the middle of nowhere colleges which charge maybe $15K fees vs 3x times that for the big places that are stable or increasing. Partly explains why FLYW is going to beat estimates nicely this qtr (CFO alluded to this but he's conservative as usual). More importantly stats like these highlight the underlying demand even amidst all the noise from DC. "More international students are enrolled in the University of Illinois System this fall than previously, despite the Trump administration delaying visa appointments this summer. The System announced Wednesday that international student enrollment increased 5.9% across the Springfield, Urbana-Champaign and Chicago universities. That bucks the trend seen elsewhere across the country." https://ipmnewsroom.org/international-student-enrollment-increases-at-university-of-illinois-despite-trump-policies/
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Traderdoggy
Traderdoggy Sep. 11 at 7:54 PM
$FLYW thinking $15.50 is likely leading up to earnings (ok it’s a guess but makes sense to me and it’s also the daily projection from the point and figure chart for what that’s worth to you). Very clear they will raise the guide for the year of course, possibly quite meaningfully. More importantly the focus will turn to 2026 and unless you can’t do math you’ll see that consensus is pretty stupid (too low). Fact that no sell side broker raised their rating despite a very obvious opportunity tells you everything you need to know about 75% of sell side analysts. They are lemmings and I bet they raise after the 3q beat and raise and the call will be full of verbal high fives. Then after the stock has moved 150% off the lows they will upgrade to buy. Been there done that. Wouldn’t have it any other way though.
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StockConsultant
StockConsultant Sep. 11 at 6:05 PM
$FLYW Flywire stock, good narrow range breakout at https://stockconsultant.com/?FLYW
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Traderdoggy
Traderdoggy Sep. 11 at 4:48 PM
$FLYW Pretty soon the 'Mo crowd' will be showing up here. They help with the acceleration phase which is starting right now.
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Traderdoggy
Traderdoggy Sep. 10 at 10:45 PM
$FLYW My humble opinion only and who cares given nobody else posts here - this stock will 2x in the next 6 months and it'll have legs thereafter. It's becoming very clear to me now that I'm onto a huge $$$ winner here so excuse my excitement. (Hint - investors will soon realize that we are over the hump in the global student visa issues, and the 2026 guide is going to be way above where the cons is right now). Take a look, and don't be selling just because you make 30% - that's the surest way to never making serious returns.
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Traderdoggy
Traderdoggy Sep. 10 at 10:29 PM
$FLYW Summary of conf today: In US they are going to beat, because they are doing better vs mkt, but also ticket size is up a lot because high priced schools are holding up best for int students. For CFO to allude to beating with 3 wks left in qtr means they are going to beat very nicely? Largest mkt UK is in line to better despite the data to come (ie he's confident they beat if he's saying that now). Australia playing out a little better. Canada is small now but (my words) its so bad it's good for 2026-27. Asked about ongoing org growth, he indirectly said nothing's changed ex this 2025 macro - which means mid 20% going fwd? Even more excited about Sertifi now that they have more sight of the (huge) revenue synergies. This is going to be a huge source of upside revisions imho. Health unit doing great, huge growth in '26. CFO still feels stock dislocated - I had to recheck - per transcript he said they did $100M of the $150M buyback expansion, that's 6% of shares in Q3 so far, wow!
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Latest News on FLYW
Flywire Q2: Profitability Stands Out Even As Growth Moderates

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Flywire Q2: Profitability Stands Out Even As Growth Moderates


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Flywire Corporation (FLYW) Q2 2025 Earnings Call Transcript


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May 6, 2025, 11:00 PM EDT - 4 months ago

Flywire Corporation (FLYW) Q1 2025 Earnings Call Transcript


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Flywire Reports First Quarter 2025 Financial Results


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Flywire to Announce First Quarter 2025 Results on May 6, 2025


Traderdoggy
Traderdoggy Sep. 15 at 6:11 PM
$FLYW Raised again. 90% allocation as of today (not saying 90% of my financial assets just to be clear, also partly hedged with spoos). Not sure why FLYW isn't retaining the gains post the CFO comments last week but I'm taking this pullback from $14 to be an opportunity. I'm $110M above cons for 2026. Sure they won't guide to that amount right away but still - remember that their incremental margins lately have been 40% give or take. So if they so chose they could drop an extra $40M or more to the bottom line ebitda wise vs consensus. Then you get $185M in 2026 ebitda. And that gives you 7.7x current EV to 2026 ebitda. As they leave all these tough headwinds behind in 2026 (even as they do 17% organic growth in 2025 so hardly a disaster right?) the valuation could easily be 3x that and still not look demanding. That's why I'm at 90% - be greedy when others are fearful (or maybe they are just ill informed).
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Traderdoggy
Traderdoggy Sep. 15 at 11:29 AM
$FLYW My math says they will beat 2H revs by over 8% - basically across the board beat as guide was set very conservatively. The thing is that if you run the numbers, it shows that current consensus for 3Q2026 (peak qtr) would only imply 8% y-y growth over my 2025 3Q. I think they will likely do mid 20s% organic growth next year (plus 2% extra from M&A comps), so I have +27% rather than +8%. There's no sensible way to get even close to the 2026 consensus, it is just plain wrong - as in low. One more positive datapoint. UK study visa applications through August captures more than 2/3 of total for the year with August being peak month. The YTD data through August per the link below shows a y-y growth rate of almost 7% in study visa applications (from main applicant). It just confirms what the company told us last week in that revenues from their largest education market, the UK, have come in stronger than expected in Q3, alongside same thing in the USA. https://view.officeapps.live.com/op/view.aspx?src=https%3A%2F%2Fassets.publishing.service.gov.uk%2Fmedia%2F68c02948eeb238b20672a897%2Fmonthly-entry-clearance-visa-applications-data-tables-aug-2025.ods&wdOrigin=BROWSELINK
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Traderdoggy
Traderdoggy Sep. 13 at 9:56 PM
$FLYW One more better than expected dataset, this time from Australia. Data shows that total international students are up 1.6% through June. That said, first year students which drives about 50% of FLYW revs in edu were down 13%, so the visa caps are working. However within that 13%, first year university students were actually up a bit rather than down, important as FLYW is way over indexed to these students vs the other categories of students mentioned. With a new 9% increase in the cap next year its likely that FLYW estimates related to OZ are too low for this year and next. Remember the original guide was that OZ would be down 30% '25 vs '24, then 1Q it was revised to down high 20s, then in 2Q it's down 20%. 3Q report the full yr guide will be for down around 10% is my guess, because even with visa issues you have tuition hikes, new clients, more client penetration. Oz was 7.5% of revs in '24, so not huge, but helpful with US, UK also better than guide. https://www.macrobusiness.com.au/2025/09/international-student-enrolments-hit-record-high/
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Traderdoggy
Traderdoggy Sep. 12 at 7:44 PM
$FLYW 13.32 added - took to 80%. They just told us they are going to beat (and raise). What more do I need to know? Not much, I already know it's mispriced.
1 · Reply
Traderdoggy
Traderdoggy Sep. 11 at 9:51 PM
$FLYW #6 college system in terms of number of international students, Illinois, reports a y-y increase in intl students. That's a common theme - the big and good universities are not losing intl students, that's taking pace among the middle of nowhere colleges which charge maybe $15K fees vs 3x times that for the big places that are stable or increasing. Partly explains why FLYW is going to beat estimates nicely this qtr (CFO alluded to this but he's conservative as usual). More importantly stats like these highlight the underlying demand even amidst all the noise from DC. "More international students are enrolled in the University of Illinois System this fall than previously, despite the Trump administration delaying visa appointments this summer. The System announced Wednesday that international student enrollment increased 5.9% across the Springfield, Urbana-Champaign and Chicago universities. That bucks the trend seen elsewhere across the country." https://ipmnewsroom.org/international-student-enrollment-increases-at-university-of-illinois-despite-trump-policies/
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Traderdoggy
Traderdoggy Sep. 11 at 7:54 PM
$FLYW thinking $15.50 is likely leading up to earnings (ok it’s a guess but makes sense to me and it’s also the daily projection from the point and figure chart for what that’s worth to you). Very clear they will raise the guide for the year of course, possibly quite meaningfully. More importantly the focus will turn to 2026 and unless you can’t do math you’ll see that consensus is pretty stupid (too low). Fact that no sell side broker raised their rating despite a very obvious opportunity tells you everything you need to know about 75% of sell side analysts. They are lemmings and I bet they raise after the 3q beat and raise and the call will be full of verbal high fives. Then after the stock has moved 150% off the lows they will upgrade to buy. Been there done that. Wouldn’t have it any other way though.
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StockConsultant
StockConsultant Sep. 11 at 6:05 PM
$FLYW Flywire stock, good narrow range breakout at https://stockconsultant.com/?FLYW
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Traderdoggy
Traderdoggy Sep. 11 at 4:48 PM
$FLYW Pretty soon the 'Mo crowd' will be showing up here. They help with the acceleration phase which is starting right now.
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Traderdoggy
Traderdoggy Sep. 10 at 10:45 PM
$FLYW My humble opinion only and who cares given nobody else posts here - this stock will 2x in the next 6 months and it'll have legs thereafter. It's becoming very clear to me now that I'm onto a huge $$$ winner here so excuse my excitement. (Hint - investors will soon realize that we are over the hump in the global student visa issues, and the 2026 guide is going to be way above where the cons is right now). Take a look, and don't be selling just because you make 30% - that's the surest way to never making serious returns.
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Traderdoggy
Traderdoggy Sep. 10 at 10:29 PM
$FLYW Summary of conf today: In US they are going to beat, because they are doing better vs mkt, but also ticket size is up a lot because high priced schools are holding up best for int students. For CFO to allude to beating with 3 wks left in qtr means they are going to beat very nicely? Largest mkt UK is in line to better despite the data to come (ie he's confident they beat if he's saying that now). Australia playing out a little better. Canada is small now but (my words) its so bad it's good for 2026-27. Asked about ongoing org growth, he indirectly said nothing's changed ex this 2025 macro - which means mid 20% going fwd? Even more excited about Sertifi now that they have more sight of the (huge) revenue synergies. This is going to be a huge source of upside revisions imho. Health unit doing great, huge growth in '26. CFO still feels stock dislocated - I had to recheck - per transcript he said they did $100M of the $150M buyback expansion, that's 6% of shares in Q3 so far, wow!
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Traderdoggy
Traderdoggy Sep. 10 at 7:35 PM
$FLYW Added some - CFO just told us they are going to beat, I already knew (as much as you can) but stock only up 5c on that news, ergo add.
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Traderdoggy
Traderdoggy Sep. 10 at 10:16 AM
$BILL WOW now Elliott involved - this is some serious activism, can't recall two major activists coming out in a matter of a week for a stock. We all know the valuations are depressed in fintech esp names like these below, and one of the reasons is that people think that management/boards believe they have multiple years to draw a nice paycheck and leave the stock floundering - because it'll be ok in the future. But guess what, the future is now, so the whole of fintech better wake up as activism is coming to a stock near you - hear that $PAYO or $FLYW or $FOUR or $PYPL?
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Traderdoggy
Traderdoggy Sep. 9 at 7:54 PM
$FLYW Seeing a pattern here and it suggests they will beat in 3Q and beyond, we'll see if they talk about it tomorrow at conf pres as chance they softly talk up numbers. So the top schools seem to be seeing little change in international student enrollment - that makes sense as these places always 'sell out'. The 'merely good' schools like IU here in this link are seeing a decline but it's 14% in this case v's the company guide for -20% in visas. Many lower tier schools are seeing bigger declines. But here's the thing - the fees paid for a top tier school are likely 3-4x those of the bottom end schools that have any meaningful international students. And FLYW is likely over indexed to the top schools. So when it comes to revenues, not visa numbers, FLYW won't be down 20% in that sub segment, but more likely it'll be down maybe half that. With the UK doing well, travel likely on fire, Healthcare accelerating, they look like they will beat and raise nicely. https://www.idsnews.com/article/2025/09/iu-enrollment-2025-international-students-bloomington
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Traderdoggy
Traderdoggy Sep. 9 at 9:34 AM
$FLYW FLYW likely guided as if UK intl student numbers would be down a bit (although there are far more important growth drivers in the UK - witness the over 50% growth last year). However per this article which is as real time as you'll find, "Acceptances from non-EU international students are up 5% year-on-year, with particularly strong growth from China (+16% year-on-year)." Seems that any weakness in the US would be more than made up in UK (as UK is larger in terms of revenues to start with). The main thing from all this, including some of the data from the US so far, is that there is good demand even with the politics. This means that the oulook for a 2026 strong growth rebound is plenty good for education as the comps are easy. And the rest of the business esp travel is on fire. 2026 consensus is way way too low, pretty obvious to me. Soon the sell side will catch up and start the revisions and upgrades cycle. https://www.msn.com/en-gb/money/other/record-numbers-of-students-head-to-university-in-boost-for-uk-accommodation-giant-unite/ar-AA1MaO2i?ocid=BingNewsVerp
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Traderdoggy
Traderdoggy Sep. 5 at 6:04 PM
$FLYW International students in US seeing mixed picture, some colleges up y-y, some flat, many down I guess. But the fact that many are flat or even up means that things are not oo bad v's most expectations. Time will tell. If not nearly as bad then Flywire flies.... https://www.startribune.com/some-minnesota-colleges-see-surprising-influx-in-international-student-enrollment-so-far/601462258 Some Minnesota colleges see surprising influx of international students Some schools feared fewer international students would enroll this fall after the Trump administration’s efforts. But early numbers show some are seeing the reverse. By Jp Lawrence and Erin Adler The Minnesota Star Tribune
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Rvsty
Rvsty Sep. 2 at 3:47 PM
$FLYW looking for another dip back down to high 11s low 12s before adding. 👀 that gap tho?
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Traderdoggy
Traderdoggy Sep. 2 at 10:02 AM
$FLYW New reports this weekend say Columbia (#3 in terms of number of Intl students) is 'steady' in terms of intl student starts - again maybe down 20% is too conservative for that part of the guide? Don't get too excited as again, intl student related revs into the US accounts for only 12% of proforma (for Sertifi deal) 2025 revs. So far the actual data is coming in better than all the 'forecasts' by journalists. Time will tell. International student enrollment at Columbia and Princeton universities has held steady this year compared with 2024 despite a crackdown on ...
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Traderdoggy
Traderdoggy Sep. 2 at 9:48 AM
$FLYW Arizona State (which is the number one choice of international students of any public university per this article and the #4 overall in terms of intl students) is showing only a 3% reduction in intl students starting class this fall - some are delayed due to the visa interview situation and that number is likely overstating the decline as they arrive late. Meanwhile FLYW is guiding for -20% reduction in visas in the US segment and some doomsayers are talking of 30-40% declines due to delays in students getting visas. OK sample of one here but it's large with 14,600 international students (all of which are required to use Flywire btw). But this article also shows that places like ASU are offering flexibility in how and where students begin studies - online, or at overseas partner colleges for example. So these students will be paying fees even if not yet in the US due to visa backlogs. Makes you wonder if -20% is too conservative for US F1 visas? TWT. https://news.asu.edu/20250813-sun-devil-community-asu-welcomes-14600-international-students-fall
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anoynmous99
anoynmous99 Aug. 29 at 10:17 AM
$FLYW quietly doing the business here. Around 30% up. I do think we get a pullback soonish though. 16/17 is inevitable. Valuation, fundamentals, and a massive gap to fill. Too many things aligning. The question is if we then go 20/30 and or beyond.
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Traderdoggy
Traderdoggy Aug. 28 at 9:20 PM
$FLYW So the UK is by far Flywire's largest education segment market - maybe over two times the size of the US cross border segment everyone seems worried about despite the company already guiding that part down quite a bit. Anyways the UK is showing this "visa grants increased by 18% for the first six months of 2025 compared to the same period in 2024, indicating a return to growth in the first half of this year" (see link). So yeah go ahead and worry about some timing issues in the US segment (maybe it costs the company an extra 1% of 2H25 total revenue in a bad case where there's big delays in visa grants). But then at the same time it seems they also had a negative guide still in place for the UK in terms of cross border but now we see it's up 18% going into the back half. Do the math. Meanwhile the UK is also going to do well with the rollout of the SFS software - this is a software company trading at 7x 2027 ev/ebitda and that should really be 28x https://monitor.icef.com/2025/08/uk-visa-grants-strengthening-in-first-half-of-2025/
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Traderdoggy
Traderdoggy Aug. 28 at 4:53 PM
$FLYW Be aware that some less informed traders may react negatively to some of the monthly numbers that come out in the next couple of months (from US govt). However the reality is that visa numbers are already guided down 20% for the full year in the US but that doesn’t mean revenues will be down same of course (due to tuition inflation and the company’s growth in client institutions). But most importantly it’s only timing for the most part - any down 30% or more will be for one or max two months but many of these students will arrive a bit late or at worst in the January start. In any case revenues from intl students into the us in 2026 will be between 8-9% so it’s kinda hard to have a big hit to overall revs. Anyways there’s way more impactful drivers hitting the top line in a positive way into 2H and beyond. And the stock is only on 7x ev/ebitda for next year which could easily triple so don’t worry about the US it’s not a huge deal, plus in any case Trump is doing a TACO here
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