Financial Snapshot

Revenue
$475.1M
TTM
Gross Margin
63.41%
TTM
Net Earnings
$20.09M
TTM
Current Assets
Q3 2024
Current Liabilities
Q3 2024
Current Ratio
233.26%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$843.2M
Q3 2024
Cash
Q3 2024
P/E
144.5
Nov 11, 2024 EST
Free Cash Flow
$187.6M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019
Revenue $403.1M $289.4M $201.1M $131.8M $94.92M
YoY Change 39.3% 43.86% 52.64% 38.84%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019
Revenue $403.1M $289.4M $201.1M $131.8M $94.92M
Cost Of Revenue $147.3M $107.9M $70.19M $47.81M $36.73M
Gross Profit $255.8M $181.4M $131.0M $83.98M $58.19M
Gross Profit Margin 63.45% 62.7% 65.1% 63.72% 61.31%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019
Selling, General & Admin $215.2M $161.4M $112.9M $75.29M $60.64M
YoY Change 33.36% 42.94% 49.98% 24.16%
% of Gross Profit 84.16% 88.96% 86.23% 89.66% 104.21%
Research & Development $62.03M $50.26M $31.30M $24.50M $15.01M
YoY Change 23.42% 60.59% 27.73% 63.25%
% of Gross Profit 24.25% 27.7% 23.9% 29.18% 25.79%
Depreciation & Amortization $15.76M $12.30M $8.998M $6.794M $3.730M
YoY Change 28.12% 36.74% 32.44% 82.14%
% of Gross Profit 6.16% 6.78% 6.87% 8.09% 6.41%
Operating Expenses $424.6M $319.6M $214.4M $147.6M $112.4M
YoY Change 32.86% 49.06% 45.26% 31.34%
Operating Profit -$21.52M -$30.22M -$13.26M -$15.82M -$17.46M
YoY Change -28.8% 127.96% -16.17% -9.41%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019
Interest Expense $400.0K $1.200M $2.000M $2.500M $2.500M
YoY Change -66.67% -40.0% -20.0% 0.0%
% of Operating Profit
Other Income/Expense, Net $17.17M -$7.139M -$12.67M -$2.461M -$2.109M
YoY Change -340.45% -43.65% 414.83% 16.69%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019
Pretax Income -$4.352M -$37.36M -$25.93M -$18.28M -$19.57M
YoY Change -88.35% 44.09% 41.86% -6.59%
Income Tax $4.214M $1.988M $2.158M -$7.169M $550.0K
% Of Pretax Income
Net Earnings -$8.566M -$39.35M -$28.09M -$11.11M -$20.12M
YoY Change -78.23% 40.1% 152.86% -44.79%
Net Earnings / Revenue -2.13% -13.6% -13.96% -8.43% -21.19%
Basic Earnings Per Share -$0.07 -$0.36 -$0.39 -$0.60 -$1.25
Diluted Earnings Per Share -$0.07 -$0.36 -$394.6K -$109.4K -$198.1K

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019
Cash & Short-Term Investments $654.6M $349.2M $385.4M $104.1M $86.03M
YoY Change 87.47% -9.39% 270.35% 20.95%
Cash & Equivalents $654.6M $349.2M $385.4M $104.1M $86.03M
Short-Term Investments
Other Short-Term Assets $18.23M $19.53M $13.83M $8.754M $2.706M
YoY Change -6.68% 41.18% 58.03% 223.5%
Inventory
Prepaid Expenses
Receivables $18.22M $13.70M $12.97M $11.57M $1.700M
Other Receivables $124.6M $68.24M $31.63M $24.18M $17.75M
Total Short-Term Assets $815.7M $450.6M $443.8M $148.6M $108.2M
YoY Change 81.0% 1.54% 198.73% 37.33%
Property, Plant & Equipment $15.13M $13.32M $9.442M $5.101M $4.850M
YoY Change 13.64% 41.04% 85.1% 5.18%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $19.09M $14.95M $7.176M $4.922M $749.0K
YoY Change 27.73% 108.26% 45.79% 557.14%
Total Long-Term Assets $264.0M $223.6M $196.1M $122.9M $32.82M
YoY Change 18.07% 14.07% 59.55% 274.42%
Total Assets $1.080B $674.3M $639.8M $271.4M $141.0M
YoY Change
Accounts Payable $223.5M $137.6M $81.54M $65.42M $68.17M
YoY Change 62.4% 68.78% 24.64% -4.03%
Accrued Expenses $43.32M $33.11M $22.73M $14.99M $7.388M
YoY Change 30.83% 45.69% 51.6% 102.91%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $3.895M
YoY Change -100.0%
Total Short-Term Liabilities $273.8M $177.3M $117.5M $88.38M $82.78M
YoY Change 54.44% 50.9% 32.92% 6.77%
Long-Term Debt $0.00 $0.00 $25.94M $26.28M $22.05M
YoY Change -100.0% -1.31% 19.23%
Other Long-Term Liabilities $4.431M $2.959M $5.827M $7.889M $759.0K
YoY Change 49.75% -49.22% -26.14% 939.39%
Total Long-Term Liabilities $4.431M $2.959M $31.77M $34.17M $22.80M
YoY Change 49.75% -90.69% -7.04% 49.86%
Total Liabilities $293.6M $192.4M $157.6M $123.0M $105.9M
YoY Change 52.62% 22.04% 28.13% 16.21%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019
Basic Shares Outstanding 114.8M 107.9M 71.17M 18.39M
Diluted Shares Outstanding 114.8M 107.9M 71.17M 18.39M
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $2.9023 Billion

About Flywire Corp

Flywire Corp. is a payments enablement and software company. The company is headquartered in Boston, Massachusetts and currently employs 1,200 full-time employees. The company went IPO on 2021-05-26. The firm's payments platform, global payment network and vertical-specific software help its clients get paid and help their customers pay. The firm uses its vertical-specific software and payments technology to retail and e-commerce industries including education, healthcare, travel, and business-to-business (B2B) payments. Its customers integrate its platform into their existing apps and workflows once and have access to a full suite of solutions, including tailored invoicing, settlement, and reconciliation tools, single sign-on and checkout, recurring payments, and split payouts. The firm's platform automates and manages the process from initial invoice delivery through payment settlement and core system reconciliation. The firm serves more than 2,800 institutions. In healthcare, it serves more than 90 healthcare systems.

Industry: Services-Business Services, NEC Peers: Euronet Worldwide Inc Exlservice Holdings Inc Verra Mobility Corp GreenSky, Inc. Marqeta, Inc. Maximus Inc Payoneer Global Inc Shift4 Payments, Inc. TTEC Holdings Inc Visa Inc