Stock of the Day

December 4, 2023

Flywire (FLYW)

$18.89
+$0.10 (+0.5%)
Market Cap: $2.29B

About Flywire

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 Trustly. It serves education, healthcare, travel, and business to business organizations. The company was formerly known as peerTransfer Corporation and changed its name to Flywire Corporation in December 2016. Flywire Corporation was incorporated in 2009 and is headquartered in Boston, Massachusetts.

Today's Trend

Flywire Corporation (NASDAQ: FLYW) shares increased and traded near their 52-week high after the payments company delivered stronger-than-expected revenue and raised its full-year 2026 outlook. Trading volume was also well above average, indicating significant investor interest.

  • Strong revenue growth: Second-quarter revenue rose 27.2% year over year to approximately $164 million–$168 million, exceeding Wall Street expectations. Growth was broad-based across Flywire’s travel, hospitality, B2B and healthcare businesses. Flywire Reports Second Quarter 2026 Financial Results
  • Raised 2026 targets: Management increased its midpoint growth outlook for FX-neutral revenue excluding ancillary services by 300 basis points and raised adjusted EBITDA margin expansion guidance by 25 basis points. Flywire also outlined longer-term ambitions of $1 billion in organic revenue and a 30% adjusted EBITDA margin. Flywire targets $1B organic revenue and 30 percent adjusted EBITDA margin
  • Cash generation improved: Flywire generated approximately $21 million in operating cash flow and ended the quarter with about $312 million in cash, supporting continued investment and growth.
  • Near-term outlook was mixed: Third-quarter revenue guidance of roughly $225 million–$237 million was close to analyst expectations, while full-year revenue guidance of approximately $730 million–$766 million bracketed consensus estimates. Management said travel demand and other verticals are offsetting uncertainty related to visa policies.
  • Profitability remains a concern: Flywire posted a quarterly net loss of about $8 million, or $0.07 per share, with earnings below consensus in the provided reports. Higher costs and near-term margin pressure remain risks despite improving revenue and EBITDA expectations. Flywire lags Q2 earnings estimates
  • Insider selling may temper sentiment: Recent filings cited substantially more insider sales than purchases over the past six months, including sales by senior executives. This could raise valuation and shareholder-confidence concerns as the stock trades near its annual high.
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