FLYW on Nasdaq

Flywire

Logo: flywire.com3

Fintech company.1

Price unavailable

Last updated Oct 18, 2026.

Overview

$623.0MRevenue, fiscal 20254
$13.5MNet income, fiscal 20254
Jul 31, 2009Founded1

Compare with International Money Express, Inc., Xometry or ICTS INTERNATIONAL N V, or pick any stock.

  • TickerFLYW on Nasdaq1
  • Industryfintech1
  • HeadquartersBoston1
  • Websitewww.flywire.com
  • Legal formDelaware corporation1
  • Incorporated inDE5
  • Business address141 Tremont Street, Suite 10, Boston, Ma 021115
  • Filer categoryLarge accelerated filer5
Flywire image from its website
Image: flywire.com3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

1.8%Operating margin4
2.2%Net margin4
26.6%Revenue growth, 20254
1.6%Return on equity4
$98.8MFree cash flow4

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Transactions brought in 81% of the revenue Flywire broke down this way in fiscal 2025.

  1. Transactions$502.7M481%up 23% from 2024
  2. Platform And Other Revenues$120.4M419%up 47% from 2024
Products and services by year
Products and services202320242025
Transactions$329.7M$410.3M$502.7M
Platform And Other Revenues$73.4M$81.9M$120.4M

Regions

United States and Canada (Americas) brought in 46% of the revenue Flywire broke down this way in fiscal 2025.

  1. United States and Canada (Americas)$285.7M446%up 29% from 2024
  2. Europe, the Middle East and Africa (EMEA)$241.0M439%up 28% from 2024
  3. Asia and Pacific (APAC)$96.3M415%up 18% from 2024
Regions by year
Regions202320242025
United States and Canada (Americas)$222.6M$221.6M$285.7M
Europe, the Middle East and Africa (EMEA)$120.8M$188.9M$241.0M
Asia and Pacific (APAC)$59.7M$81.7M$96.3M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Research and development11¢$70.2M
  • Other costs85¢$531.4M
  • Income tax1¢$7.9M
  • Profit2¢$13.5M

Out of $623.0M in revenue.4

Where each dollar of operating cash went, fiscal 2025

  • Capital spending1¢$1.4M
  • Kept or used elsewhere99¢$98.8M

Out of $100.2M of cash from operations.4

Financial statements

Revenue67894$623.0M in 2025+556% since 2019
0$200.0M$400.0M$600.0M$800.0M2019: $94.9M$94.9M20192020: $131.8M$131.8M2020+39%2021: $201.1M$201.1M2021+53%2022: $289.4M$289.4M2022+44%2023: $403.1M$403.1M2023+39%2024: $492.1M$492.1M2024+22%2025: $623.0M$623.0M2025+27%
Operating income67894$11.3M in 2025
-$40.0M-$20.0M0$20.0M2019: -$17.5M-$17.5M20192020: -$15.8M-$15.8M2020−9%2021: -$13.3M-$13.3M2021−16%2022: -$30.2M-$30.2M2022+128%2023: -$21.5M-$21.5M2023−29%2024: -$7.3M-$7.3M2024−66%2025: $11.3M$11.3M2025
Net income67894$13.5M in 2025
-$40.0M-$20.0M0$20.0M2019: -$20.1M-$20.1M20192020: -$11.1M-$11.1M2020−45%2021: -$28.1M-$28.1M2021+153%2022: -$39.3M-$39.3M2022+40%2023: -$8.6M-$8.6M2023−78%2024: $2.9M$2.9M20242025: $13.5M$13.5M2025+365%

Every line of the income statement as filed: the last 3 fiscal years, latest first.4

Period ending2025-12-312024-12-312023-12-31
Revenue$623.0M$492.1M$403.1M
Payment processing services costs$240.4M$177.5M$147.3M
Technology and development$70.2M$66.6M$62.0M
Selling and marketing$157.0M$129.4M$107.6M
General and administrative$135.5M$125.8M$107.6M
Restructuring$8.7M$0$0
Total costs and operating expenses$611.7M$499.4M$424.6M
Income (loss) from operations$11.3M-$7.3M-$21.5M
Interest expense-$3.5M-$538.0K-$372.0K
Interest income$5.6M$21.4M$13.3M
Gain (loss) from remeasurement of foreign currency$7.9M-$11.8M$4.2M
Gain on available-for-sale debt securities$166.0K$0$0
Total other income (expense), net$10.1M$9.1M$17.2M
Income (loss) before income taxes$21.4M$1.9M-$4.4M
Provision for (benefit from) income taxes$7.9M-$1.0M$4.2M
Net income (loss)$13.5M$2.9M-$8.6M
Foreign currency translation adjustment$4.7M-$3.6M$3.2M
Unrealized (losses) gains on available-for-sale debt securities, net of taxes-$153.0K$208.0K$0
Total other comprehensive income (loss)$4.6M-$3.4M$3.2M
Comprehensive income (loss)$18.1M-$486.0K-$5.3M
Net income (loss) attributable to common stockholders - basic$13.5M$2.9M-$8.6M
Net income (loss) attributable to common stockholders - diluted$13.5M$2.9M-$8.6M
Net income (loss) per share attributable to common stockholders - basic$0.11$0.02-$0.07
Net income (loss) per share attributable to common stockholders - diluted$0.11$0.02-$0.07
Weighted average common shares outstanding - basic122.4M shares124.3M shares114.8M shares
Weighted average common shares outstanding - diluted127.7M shares129.3M shares114.8M shares

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Leadership

Who has led Flywire, and when. Pick a name to see everywhere that person has worked.

Chief operating officer

  1. Rob Orgel2021–now
2010201520202025
Board members and other officers (15)

Former names

  • peerTransfer CorpJul 8, 2013 to Jan 14, 20155

Timeline

  1. May 25, 2021New chief executive Michael Massaro becomes CEO14
  2. Jul 31, 2009Founded Founded1

Filings

710 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 36 major events, 443 insider forms, 39 large holders, 172 other. The latest 20:

  1. Oct 15, 20264 EDGAR
  2. Sep 24, 20264 EDGAR
  3. Sep 24, 20263 EDGAR
  4. Sep 23, 20268-K EDGAR
  5. Sep 22, 20264 PRIMARY DOCUMENT EDGAR
  6. Sep 15, 20264 EDGAR
  7. Sep 11, 2026144 EDGAR
  8. Sep 10, 20264 EDGAR
  9. Sep 8, 2026144 EDGAR
  10. Sep 3, 20264 EDGAR
  11. Sep 3, 20264 EDGAR
  12. Sep 3, 20264 EDGAR
  13. Sep 3, 20264 EDGAR
  14. Sep 3, 20264 EDGAR
  15. Sep 3, 20264 EDGAR
  16. Sep 2, 2026144 EDGAR
  17. Sep 1, 20264 PRIMARY DOCUMENT EDGAR
  18. Aug 28, 20264 PRIMARY DOCUMENT EDGAR
  19. Aug 26, 20264 PRIMARY DOCUMENT EDGAR
  20. Aug 20, 20264 PRIMARY DOCUMENT EDGAR

The 710 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last three years, summarized. The full record is on SEC EDGAR.

Insider trades and holders

Large holders

Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 39 such filings since October 2021, the latest 10:

  1. Aug 14, 2026SCHEDULE 13G/A
  2. Jul 22, 2026SCHEDULE 13G/A
  3. Jun 16, 2026SCHEDULE 13G
  4. May 15, 2026SCHEDULE 13G/A
  5. Apr 22, 2026SCHEDULE 13G/A
  6. Mar 26, 2026SCHEDULE 13G/A
  7. Feb 17, 2026SCHEDULE 13G/A
  8. Jan 30, 2026SCHEDULE 13G/A
  9. Jan 7, 2026SCHEDULE 13G/A
  10. Nov 14, 2025SCHEDULE 13G/A

From Forms 4 and Schedules 13D and 13G filed with the SEC.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Voss Capital, LP13,629,500$239.5M12.0%+4,500
BlackRock, Inc.9,144,416$160.7M0.0%+480,397
Divisadero Street Capital Management, LP6,644,513$116.7M2.7%+573,919
Temasek Holdings (Private) Ltd6,173,385$108.5M0.3%No change
Cadian Capital Management, LP5,744,166$100.9M7.6%−873,953
Wellington Management Group Llp5,340,579$93.8M0.0%+64,998
Jennison Associates LLC5,272,962$92.6M0.1%−25,919
Vanguard Portfolio Management LLC4,966,384$87.3M0.0%−10,176
Vanguard Capital Management LLC4,960,457$87.2M0.0%−83,708
Driehaus Capital Management LLC4,506,928$79.2M0.5%New
Geode Capital Management, LLC3,202,444$56.3M0.0%+208,142
Mangrove Partners Im, LLC2,984,076$52.4M3.4%−30,921
State Street Corp2,873,939$50.5M0.0%+10,383
UBS Group AG2,831,868$49.8M0.0%+2,647,553
Citadel Advisors LLC2,591,997$45.5M0.0%−794,286
Wasatch Advisors LP2,505,756$44.0M0.3%New
Fuller & Thaler Asset Management, Inc.2,354,573$41.4M0.1%New
First Eagle Investment Management, LLC2,307,274$40.5M0.0%+1,506,437
Dimensional Fund Advisors LP2,248,466$39.5M0.0%+361,601
Ameriprise Financial Inc1,446,164$25.4M0.0%−132,794
Primecap Management Co/ca/1,445,700$25.4M0.0%−27,800
Morgan Stanley1,426,105$25.1M0.0%−84,987
Goldman Sachs Group Inc1,253,077$22.0M0.0%−165,788
Franklin Resources Inc1,204,848$21.2M0.0%+14,386
Ararat Capital Management LP1,144,903$20.1M9.4%−299,881

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

6 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Apr 17, 2025Gilbert Ray Cisneros, Jr.Democratic, HouseSale$1,001 - $15,000−71.3%Report
Mar 19, 2025Josh GottheimerDemocratic, HouseSale$1,001 - $15,000−52.0%Report
Jul 19, 2024Josh GottheimerDemocratic, HouseBuy$1,001 - $15,000−34.2%Report
Jun 18, 2024Josh GottheimerDemocratic, HouseSale$1,001 - $15,000+15.0%Report
Nov 14, 2022Josh GottheimerDemocratic, HouseBuy$1,001 - $15,000−109.2%Report
Sep 27, 2022Josh GottheimerDemocratic, HouseBuy$1,001 - $15,000−125.9%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).