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FLYW US​
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  • Home
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FLYW US​
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Flywire Corp(FLYW US)

$22.25-0.100.45%Ext:$21.60-0.652.92%(After Hours · 21:45:00 UTC)
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Overview

ProfileEntity Structure

Documents

SEC Filings

Flywire Corp(FLYW US)

$22.25-0.100.45%Ext:$21.60-0.652.92%(After Hours · 21:45:00 UTC)
Ask AI
Doc SearchProfileEntity StructureFinancialsChartingShort InterestEmployees

Overview

ProfileEntity Structure

Documents

SEC Filings

Financials & Metrics

FinancialsChartingShort InterestEmployees

Financials & Metrics

FinancialsChartingShort InterestEmployees

Flywire Corp — Company Profile

Flywire Corporation, together with its subsidiaries, operates as a payment enablement and software company in the United States, Europe, the Middle East, and Africa and the Asia Pacific. The company provides a payment platform that integrates into existing apps and workflows and have access to solutions, such as tailored invoicing, settlement and reconciliation tools, single sign-on and checkout, recurring payments, and split payouts. It also offers a payment network, which has access to a set of payment methods, including banks, third-party payment providers, payment networks, and digital wallets; and direct connections to alternative payment methods consisting of Alipay, Boleto, PayPal / Venmo, and Trustly. In addition, the company provides vertical-specific software comprising vertical-specific digital workflows; integration and synchronization to core and industry specific systems; real-time access; and predictive analytics. It serves education, healthcare, travel, and B2B industries. 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.

Sector
Industrials
Industry
Transportation Infrastructure
Exchange
UQ
CEO
Michael Massaro
Headquarters
Boston, MA, US
IPO Date
May 26, 2021
Employees
1,500
Website
www.flywire.com

Key Metrics

Price
$17.82
Market Cap
$2.17B
Revenue (TTM)
$188.11M
Net Income (TTM)
$12.52M
EPS (TTM)
0.10
P/E (TTM)
71.80
P/B (TTM)
2.54
Dividend Yield
0.00%
ROE (TTM)
1.47%
ROA (TTM)
1.08%
Operating Margin
5.73%
Beta
1.48

Dividends

Last Dividend
$0.00
Last Yield
0.00%

Summary

Flywire Corporation, together with its subsidiaries, operates as a payment enablement and software company in the United States, Europe, the Middle East, and Africa and the Asia Pacific. The company provides a payment platform that integrates into existing apps and workflows and have access to solutions, such as tailored invoicing, settlement and reconciliation tools, single sign-on and checkout, recurring payments, and split payouts. It also offers a payment network, which has access to a set of payment methods, including banks, third-party payment providers, payment networks, and digital wallets; and direct connections to alternative payment methods consisting of Alipay, Boleto, PayPal / Venmo, and Trustly. In addition, the company provides vertical-specific software comprising vertical-specific digital workflows; integration and synchronization to core and industry specific systems; real-time access; and predictive analytics. It serves education, healthcare, travel, and B2B industries. 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.

Website
www.flywire.com
Location
Boston, MA, US
Phone617 329 4524
Employees1,500
CEOMichael Massaro
Sector
Industrials
Industry
Transportation Infrastructure
IPO DateMay 26, 2021

Ask AI

Company overview
Business model, segments, and competition.
Peer comparison
Metrics vs closest competitors.
Guidance & outlook
Forward guidance and assumptions.
Bull vs bear case
Upside drivers and key risks.
Valuation snapshot
Multiples vs history and peers.
Competitive moat
Defensibility and market position.
Management track record
Leadership and capital allocation history.
How it makes money
A short diagram of the business model.

Latest Documents

SEC Filings(782)

Expand
  • Form 144Orgel Rob10 Nov
  • Form 4Kansal Mohit6 Nov
  • Form 4Pitigoi Cosmin6 Nov
  • Form 144Pitigoi Cosmin4 Nov
  • Form 4King David R.4 Nov
  • Form 4Pitigoi Cosmin4 Nov
  • Form 144Kansal Mohit4 Nov
  • 10-QQ3ended 30 Sept 20263 Nov
  • 8-KResults of Operations and Financial Condition3 Nov
  • Form 144King David R.2 Nov
  • Form 144Pitigoi Cosmin2 Nov
  • SC 13GFlywire Corp30 Oct
  • SC 13G/AFlywire Corp27 Oct
  • Form 4King David R.15 Oct
  • Form 4Farmer Sabrina24 Sep
  • Form 3Farmer Sabrina24 Sep
  • 8-KDeparture of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers23 Sep
  • Form 4Voss Value Master Fund, LP22 Sep
  • Form 4King David R.15 Sep
  • Form 144King David R.11 Sep

News

  • Flywire to Attend Upcoming Investor Conferences08:30AM
  • Flywire (NASDAQ:FLYW) Reaches New 1-Year High After Analyst Upgrade6 Nov
  • Flywire: Q3 Settled The Margin Debate, And 2027 Looks Reachable4 Nov
  • Flywire Corporation (FLYW) Q3 2026 Earnings Call Transcript3 Nov
  • Flywire (FLYW) Q3 Earnings and Revenues Surpass Estimates3 Nov
  • Compared to Estimates, Flywire (FLYW) Q3 Earnings: A Look at Key Metrics3 Nov
  • What Flywire (FLYW) Said on Its Q3 Earnings Call3 Nov
  • Flywire Reports Third Quarter 2026 Financial Results3 Nov
  • Liquidity Services Inc. Implements Flywire to Process Domestic and Cross-Border B2B Payments for Global E-Commerce Platform29 Oct
  • Flywire Surpasses Landmark 1 Million Student Payment Plan Enrollments Since Inception, Driving Tuition Retention and Financial Success Across the U.S. Higher Education Sector22 Oct
  • Flywire to Announce Third Quarter 2026 Earnings on November 3, 202620 Oct
  • Is It Too Late to Buy Flywire Corp (FLYW) After 3.4% Rally? GF Value Says Undervalued5 Oct
  • Flywire Appoints Sabrina Farmer to its Board of Directors23 Sep
  • Flywire Corporation (FLYW) Presents at Goldman Sachs Communacopia + Technology Conference 2026 Transcript10 Sep
  • Flywire Transforms Guest Payments and Operations for Leading Hospitality Management Company Davidson Hospitality Group9 Sep
  • Flywire to Attend Upcoming Investor Conference25 Aug
  • Flywire (NASDAQ:FLYW) Hits New 12-Month High – What’s Next?25 Aug
  • Premium Inbound Tour Operator Travelling the Fairways Selects Flywire as Exclusive Payments Partner19 Aug
  • California State Teachers Retirement System Has $1.71 Million Stake in Flywire Corporation $FLYW13 Aug
  • Flywire and Trustly Bring Open Banking Partnership to US12 Aug

Mentions in Filings

  • … 7x (4) Revenue and EBITDA(1) below median of trading comps(2), by ~56% and ~70% respectively Scale CFTPay's business driven by consumer debt resolution, includes inherent regulatory and reputational risks Higher Risk Business 3 Trading CY26E Comps EV/EBITDA Prism (Mgmt) 6.1x Prism (Cons) 6.0x Deluxe 6.0x Fiserv 7.2x Global Payments 5.1x Paysafe 5.9x Repay 4.8x Shift4 8.4x Bill.com 14.1x Corpay 10.3x <strong>Flywire</strong> 9.5x Payoneer 6.9x Paypal 6.6x WEX 8.3x
    Priority Technology Holdings, Inc.Flywire Corp·EX-99.(C)(2) - SC 13E3 - PRELIMINARY VALUATION ANALYSIS PREPARED BY BARCLAYS CAPITAL INC. FOR THE SPECIAL COMMITTEE (AS DEFINED IN THE PROXY STATEMENT), DATED JANUARY 2026 AND PRESENTED TO THE SPECIAL COMMITTEE ON JANUARY 29, 2026·Q4 26·30 Oct
  • … 7x (4) Revenue and EBITDA(1) below median of trading comps(2), by ~56% and ~70% respectively Scale CFTPay's business driven by consumer debt resolution, includes inherent regulatory and reputational risks Higher Risk Business 4 Trading CY26E Comps EV/EBITDA Prism (Mgmt) 6.1x Prism (Cons) 6.0x Deluxe 6.0x Fiserv 7.2x Global Payments 5.1x Paysafe 5.9x Repay 4.8x Shift4 8.4x Bill.com 14.1x Corpay 10.3x <strong>Flywire</strong> 9.5x Payoneer 6.9x Paypal 6.6x WEX 8.3x
    Priority Technology Holdings, Inc.Flywire Corp·EX-99.(C)(3) - SC 13E3 - PRELIMINARY VALUATION ANALYSIS PREPARED BY BARCLAYS CAPITAL INC. FOR THE SPECIAL COMMITTEE, DATED FEBRUARY 2026 AND PRESENTED TO THE SPECIAL COMMITTEE ON FEBRUARY 2, 2026·Q4 26·30 Oct
  • … bt resolution, includes inherent regulatory and reputational risks Higher Risk Business CFTPay business has significant partner concentration Partner Concentration Risk Trading CY26E Comps EV/EBITDA Prism (Mgmt) 6.2x Prism (Cons) 6.2x Deluxe 6.4x Fiserv 6.7x Global Payments 7.3x Paysafe 6.0x Repay 5.5x Shift4 7.2x Bill.com 9.4x Corpay 12.3x <strong>Flywire</strong> 12.4x Payoneer (as of 6/8/2026) 5.4x Paypal 6.8x WEX 8.8x Review of Company Financials & Forecasts
    Priority Technology Holdings, Inc.Flywire Corp·EX-99.(C)(9) - SC 13E3 - VALUATION ANALYSIS PREPARED BY BARCLAYS CAPITAL INC. FOR THE SPECIAL COMMITTEE, DATED SEPTEMBER 2026 AND PRESENTED TO THE SPECIAL COMMITTEE ON SEPTEMBER 14, 2026·Q4 26·30 Oct
  • … resolution, includes inherent regulatory and reputational risks Higher Risk Business CFTPay business has significant partner concentration Partner Concentration Risk Trading CY26E Comps EV/EBITDA Prism (Mgmt) 6.2x Prism (Cons) 6.2x Deluxe 6.4x Fiserv 6.5x Global Payments 7.2x Paysafe 6.0x Repay 5.6x Shift4 7.0x Bill.com 9.8x Corpay 12.1x <strong>Flywire</strong> 12.3x Payoneer (as of 6/8/2026) 5.4x Paypal 6.7x WEX 8.9x 4 Review of Company Financials & Forecasts
    Priority Technology Holdings, Inc.Flywire Corp·EX-99.(C)(10) - SC 13E3 - VALUATION ANALYSIS PREPARED BY BARCLAYS CAPITAL INC. FOR THE SPECIAL COMMITTEE, DATED SEPTEMBER 2026 AND PRESENTED TO THE SPECIAL COMMITTEE ON SEPTEMBER 18, 2026·Q4 26·30 Oct
  • … 6 0.50 Repay (as of 3/30/2026) 3.52 2.2x 2.0x 5.3x 4.8x 3.12 1.9x 1.8x 4.7x 4.4x (0.40) (0.23) (0.24) (0.51) (0.43) Repay (as of 4/16/2026) 3.52 2.2x 2.0x 5.3x 4.8x 3.18 1.8x 1.7x 5.5x 5.2x (0.34) (0.39) (0.36) 0.29 0.36 <strong>Flywire</strong> 13.20 2.3x 2.0x 12.0x 9.5x 14.00 2.3x 2.1x 11.6x 9.4x 0.80 (0.02) 0.05 (0.39) (0.05) Payoneer 6.30 1.8x 1.7x 7.2x 6.9x 5.04 1.4x 1.3x 5.5x 5.2x (1.26) (0.47) (0.41) (1.69) (1.63) Paypal 54.08 1.5x 1.4x 6.8x 6.6x 50.44 1.3 …
    Priority Technology Holdings, Inc.Flywire Corp·EX-99.(C)(7) - SC 13E3 - UPDATE MATERIALS PREPARED BY BARCLAYS CAPITAL INC. FOR THE SPECIAL COMMITTEE, DATED MAY 2026 AND PRESENTED TO THE SPECIAL COMMITTEE ON MAY 3, 2026·Q4 26·30 Oct
  • … l EBITDA margin excludes impact of corporate allocations. 4. Excludes pro forma adjustments contribution of Boom, DMS, and Sila Money acquisitions. 5. Repay data as of 4/16/2026, prior to unsolicited take-private bid. 6. <strong>Flywire</strong> EV/Revenue multiples calculated using gross revenue. 7. Payoneer data as of 6/8/2026, prior to take-private leak. (6) (2) (2) (2) (3) (3) (3) (4) (4) (4) (6) 5 (7) (5) (5) (5) Note: Repay valuation and financials as of 4/ …
    Priority Technology Holdings, Inc.Flywire Corp·EX-99.(C)(8) - SC 13E3 - UPDATE MATERIALS PREPARED BY BARCLAYS CAPITAL INC. FOR THE SPECIAL COMMITTEE, DATED JULY 2026 AND PRESENTED TO THE SPECIAL COMMITTEE ON JULY 1, 2026·Q4 26·30 Oct

Key Stats

Trading

Px/Chg 1D$17.83 / +1.39%
Avg Volume2.16M
Beta1.48
Mkt Cap2.17B
FD Mkt Cap2.29B

Float

Shrs Out/Float121.55M / 112.92M
Short Float0.11%
Days to Cover4.63
Stock Repurchased$10.03M

Current Valuation

EV1.86B
EV/EBITDA25.48
EV/Sales2.74
P/B2.54
P/S3.20
FCF Yield-0.90%
ROE1.47%
ROA1.08%
Current Ratio1.75

Estimates

P/E71.80
Est P/E0.00
Est EPS0.03
Est PEG0.00

Valuation

Metric5Yr AvgMay '23May '24May '25May '26Oct '26
PRICE-BASED RATIOS
Price / Earnings10,827.86-79.17-268.24430.2353,883.40173.07
Price / Sales8.3610.765.702.5411.2911.52
Price / Book Value3.126.462.921.532.132.54
Price / Free Cash Flow-215.95-1,408.2430.8013.78395.50-111.60
ENTERPRISE VALUE METRICS
Enterprise Value1,694.32,767.61,644.6754.11,449.21,856.1
Enterprise Value / Sales6.859.564.081.539.209.87
Enterprise Value / EBITDA65.28-116.07139.5638.16184.0980.68
Enterprise Value / EBIT330.29-76.56-413.21314.491,702.93123.81

Financials

Full Financials
Millions USD5Yr CAGR (%)Dec '21Dec '22Dec '23Dec '24Dec '25
INCOME STATEMENT
Revenue32.7%201.1289.4403.1492.1623.0
Gross Income30.7%131.0181.4255.8314.7382.7
EBITDA—-14.9-23.811.819.851.0
EBIT—-23.9-36.1-4.02.425.0
Net Income—-28.1-39.3-8.62.913.5
EPS (Diluted)—-0.26-0.36-0.070.020.11
BALANCE SHEET
Cash & ST Inv-2%385.4349.2654.6611.1355.0
Total Assets18.3%639.8674.31,079.71,122.41,253.3
Total Liabilities27.6%157.6192.4293.6307.7418.1
Total Shareholder Equity14.7%482.2481.9786.1814.8835.2
CASH FLOW
Net Operating Cash Flow55.5%17.14.980.691.5100.2
Cap Ex-33%-6.7-7.1-6.0-0.9-1.4
Free Cash Flow75.4%10.4-2.274.690.598.8

Enterprise Value Bridge

Millions USD11 Nov '26
Price (As of 11 Nov '26)22.00
Basic Shares121.55
Market Cap2,673.4
Diluted Shares129.70
Fully Diluted Shares Outstanding129.70
Fully Diluted Market Cap2,852.8
+Consolidated Debt-
−In-the-Money Convertible Debt—
+Capital Leases-
+Operating Leases—
−Cash & Equivalents-407.2
−Short-term Investments-3.0
+Total Preferred-
−In-the-Money Convertible Preferred—
−Investments in Unconsolidated Subs—
+Non-Controlling Interest-
+Pension Liabilities—
Enterprise Value2,266.2

Segment data

Revenue

by Products and services

  • Transactions100%

Revenue

by Geography

  • United States And Canada (americas)46%
  • Europe, The Middle East And Africa (emea)39%
  • Asia And Pacific (apac)15%

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Flywire Corp — Company Profile

Flywire Corporation, together with its subsidiaries, operates as a payment enablement and software company in the United States, Europe, the Middle East, and Africa and the Asia Pacific. The company provides a payment platform that integrates into existing apps and workflows and have access to solutions, such as tailored invoicing, settlement and reconciliation tools, single sign-on and checkout, recurring payments, and split payouts. It also offers a payment network, which has access to a set of payment methods, including banks, third-party payment providers, payment networks, and digital wallets; and direct connections to alternative payment methods consisting of Alipay, Boleto, PayPal / Venmo, and Trustly. In addition, the company provides vertical-specific software comprising vertical-specific digital workflows; integration and synchronization to core and industry specific systems; real-time access; and predictive analytics. It serves education, healthcare, travel, and B2B industries. 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.

Sector
Industrials
Industry
Transportation Infrastructure
Exchange
UQ
CEO
Michael Massaro
Headquarters
Boston, MA, US
IPO Date
May 26, 2021
Employees
1,500
Website
www.flywire.com

Key Metrics

Price
$17.82
Market Cap
$2.17B
Revenue (TTM)
$188.11M
Net Income (TTM)
$12.52M
EPS (TTM)
0.10
P/E (TTM)
71.80
P/B (TTM)
2.54
Dividend Yield
0.00%
ROE (TTM)
1.47%
ROA (TTM)
1.08%
Operating Margin
5.73%
Beta
1.48

Dividends

Last Dividend
$0.00
Last Yield
0.00%

Summary

Flywire Corporation, together with its subsidiaries, operates as a payment enablement and software company in the United States, Europe, the Middle East, and Africa and the Asia Pacific. The company provides a payment platform that integrates into existing apps and workflows and have access to solutions, such as tailored invoicing, settlement and reconciliation tools, single sign-on and checkout, recurring payments, and split payouts. It also offers a payment network, which has access to a set of payment methods, including banks, third-party payment providers, payment networks, and digital wallets; and direct connections to alternative payment methods consisting of Alipay, Boleto, PayPal / Venmo, and Trustly. In addition, the company provides vertical-specific software comprising vertical-specific digital workflows; integration and synchronization to core and industry specific systems; real-time access; and predictive analytics. It serves education, healthcare, travel, and B2B industries. 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.

Website
www.flywire.com
Location
Boston, MA, US
Phone617 329 4524
Employees1,500
CEOMichael Massaro
Sector
Industrials
Industry
Transportation Infrastructure
IPO DateMay 26, 2021

Ask AI

Company overview
Business model, segments, and competition.
Peer comparison
Metrics vs closest competitors.
Guidance & outlook
Forward guidance and assumptions.
Bull vs bear case
Upside drivers and key risks.
Valuation snapshot
Multiples vs history and peers.
Competitive moat
Defensibility and market position.
Management track record
Leadership and capital allocation history.
How it makes money
A short diagram of the business model.

Latest Documents

SEC Filings(782)

Expand
  • Form 144Orgel Rob10 Nov
  • Form 4Kansal Mohit6 Nov
  • Form 4Pitigoi Cosmin6 Nov
  • Form 144Pitigoi Cosmin4 Nov
  • Form 4King David R.4 Nov
  • Form 4Pitigoi Cosmin4 Nov
  • Form 144Kansal Mohit4 Nov
  • 10-QQ3ended 30 Sept 20263 Nov
  • 8-KResults of Operations and Financial Condition3 Nov
  • Form 144King David R.2 Nov
  • Form 144Pitigoi Cosmin2 Nov
  • SC 13GFlywire Corp30 Oct
  • SC 13G/AFlywire Corp27 Oct
  • Form 4King David R.15 Oct
  • Form 4Farmer Sabrina24 Sep
  • Form 3Farmer Sabrina24 Sep
  • 8-KDeparture of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers23 Sep
  • Form 4Voss Value Master Fund, LP22 Sep
  • Form 4King David R.15 Sep
  • Form 144King David R.11 Sep

News

  • Flywire to Attend Upcoming Investor Conferences08:30AM
  • Flywire (NASDAQ:FLYW) Reaches New 1-Year High After Analyst Upgrade6 Nov
  • Flywire: Q3 Settled The Margin Debate, And 2027 Looks Reachable4 Nov
  • Flywire Corporation (FLYW) Q3 2026 Earnings Call Transcript3 Nov
  • Flywire (FLYW) Q3 Earnings and Revenues Surpass Estimates3 Nov
  • Compared to Estimates, Flywire (FLYW) Q3 Earnings: A Look at Key Metrics3 Nov
  • What Flywire (FLYW) Said on Its Q3 Earnings Call3 Nov
  • Flywire Reports Third Quarter 2026 Financial Results3 Nov
  • Liquidity Services Inc. Implements Flywire to Process Domestic and Cross-Border B2B Payments for Global E-Commerce Platform29 Oct
  • Flywire Surpasses Landmark 1 Million Student Payment Plan Enrollments Since Inception, Driving Tuition Retention and Financial Success Across the U.S. Higher Education Sector22 Oct
  • Flywire to Announce Third Quarter 2026 Earnings on November 3, 202620 Oct
  • Is It Too Late to Buy Flywire Corp (FLYW) After 3.4% Rally? GF Value Says Undervalued5 Oct
  • Flywire Appoints Sabrina Farmer to its Board of Directors23 Sep
  • Flywire Corporation (FLYW) Presents at Goldman Sachs Communacopia + Technology Conference 2026 Transcript10 Sep
  • Flywire Transforms Guest Payments and Operations for Leading Hospitality Management Company Davidson Hospitality Group9 Sep
  • Flywire to Attend Upcoming Investor Conference25 Aug
  • Flywire (NASDAQ:FLYW) Hits New 12-Month High – What’s Next?25 Aug
  • Premium Inbound Tour Operator Travelling the Fairways Selects Flywire as Exclusive Payments Partner19 Aug
  • California State Teachers Retirement System Has $1.71 Million Stake in Flywire Corporation $FLYW13 Aug
  • Flywire and Trustly Bring Open Banking Partnership to US12 Aug

Mentions in Filings

  • … 7x (4) Revenue and EBITDA(1) below median of trading comps(2), by ~56% and ~70% respectively Scale CFTPay's business driven by consumer debt resolution, includes inherent regulatory and reputational risks Higher Risk Business 3 Trading CY26E Comps EV/EBITDA Prism (Mgmt) 6.1x Prism (Cons) 6.0x Deluxe 6.0x Fiserv 7.2x Global Payments 5.1x Paysafe 5.9x Repay 4.8x Shift4 8.4x Bill.com 14.1x Corpay 10.3x <strong>Flywire</strong> 9.5x Payoneer 6.9x Paypal 6.6x WEX 8.3x
    Priority Technology Holdings, Inc.Flywire Corp·EX-99.(C)(2) - SC 13E3 - PRELIMINARY VALUATION ANALYSIS PREPARED BY BARCLAYS CAPITAL INC. FOR THE SPECIAL COMMITTEE (AS DEFINED IN THE PROXY STATEMENT), DATED JANUARY 2026 AND PRESENTED TO THE SPECIAL COMMITTEE ON JANUARY 29, 2026·Q4 26·30 Oct
  • … 7x (4) Revenue and EBITDA(1) below median of trading comps(2), by ~56% and ~70% respectively Scale CFTPay's business driven by consumer debt resolution, includes inherent regulatory and reputational risks Higher Risk Business 4 Trading CY26E Comps EV/EBITDA Prism (Mgmt) 6.1x Prism (Cons) 6.0x Deluxe 6.0x Fiserv 7.2x Global Payments 5.1x Paysafe 5.9x Repay 4.8x Shift4 8.4x Bill.com 14.1x Corpay 10.3x <strong>Flywire</strong> 9.5x Payoneer 6.9x Paypal 6.6x WEX 8.3x
    Priority Technology Holdings, Inc.Flywire Corp·EX-99.(C)(3) - SC 13E3 - PRELIMINARY VALUATION ANALYSIS PREPARED BY BARCLAYS CAPITAL INC. FOR THE SPECIAL COMMITTEE, DATED FEBRUARY 2026 AND PRESENTED TO THE SPECIAL COMMITTEE ON FEBRUARY 2, 2026·Q4 26·30 Oct
  • … bt resolution, includes inherent regulatory and reputational risks Higher Risk Business CFTPay business has significant partner concentration Partner Concentration Risk Trading CY26E Comps EV/EBITDA Prism (Mgmt) 6.2x Prism (Cons) 6.2x Deluxe 6.4x Fiserv 6.7x Global Payments 7.3x Paysafe 6.0x Repay 5.5x Shift4 7.2x Bill.com 9.4x Corpay 12.3x <strong>Flywire</strong> 12.4x Payoneer (as of 6/8/2026) 5.4x Paypal 6.8x WEX 8.8x Review of Company Financials & Forecasts
    Priority Technology Holdings, Inc.Flywire Corp·EX-99.(C)(9) - SC 13E3 - VALUATION ANALYSIS PREPARED BY BARCLAYS CAPITAL INC. FOR THE SPECIAL COMMITTEE, DATED SEPTEMBER 2026 AND PRESENTED TO THE SPECIAL COMMITTEE ON SEPTEMBER 14, 2026·Q4 26·30 Oct
  • … resolution, includes inherent regulatory and reputational risks Higher Risk Business CFTPay business has significant partner concentration Partner Concentration Risk Trading CY26E Comps EV/EBITDA Prism (Mgmt) 6.2x Prism (Cons) 6.2x Deluxe 6.4x Fiserv 6.5x Global Payments 7.2x Paysafe 6.0x Repay 5.6x Shift4 7.0x Bill.com 9.8x Corpay 12.1x <strong>Flywire</strong> 12.3x Payoneer (as of 6/8/2026) 5.4x Paypal 6.7x WEX 8.9x 4 Review of Company Financials & Forecasts
    Priority Technology Holdings, Inc.Flywire Corp·EX-99.(C)(10) - SC 13E3 - VALUATION ANALYSIS PREPARED BY BARCLAYS CAPITAL INC. FOR THE SPECIAL COMMITTEE, DATED SEPTEMBER 2026 AND PRESENTED TO THE SPECIAL COMMITTEE ON SEPTEMBER 18, 2026·Q4 26·30 Oct
  • … 6 0.50 Repay (as of 3/30/2026) 3.52 2.2x 2.0x 5.3x 4.8x 3.12 1.9x 1.8x 4.7x 4.4x (0.40) (0.23) (0.24) (0.51) (0.43) Repay (as of 4/16/2026) 3.52 2.2x 2.0x 5.3x 4.8x 3.18 1.8x 1.7x 5.5x 5.2x (0.34) (0.39) (0.36) 0.29 0.36 <strong>Flywire</strong> 13.20 2.3x 2.0x 12.0x 9.5x 14.00 2.3x 2.1x 11.6x 9.4x 0.80 (0.02) 0.05 (0.39) (0.05) Payoneer 6.30 1.8x 1.7x 7.2x 6.9x 5.04 1.4x 1.3x 5.5x 5.2x (1.26) (0.47) (0.41) (1.69) (1.63) Paypal 54.08 1.5x 1.4x 6.8x 6.6x 50.44 1.3 …
    Priority Technology Holdings, Inc.Flywire Corp·EX-99.(C)(7) - SC 13E3 - UPDATE MATERIALS PREPARED BY BARCLAYS CAPITAL INC. FOR THE SPECIAL COMMITTEE, DATED MAY 2026 AND PRESENTED TO THE SPECIAL COMMITTEE ON MAY 3, 2026·Q4 26·30 Oct
  • … l EBITDA margin excludes impact of corporate allocations. 4. Excludes pro forma adjustments contribution of Boom, DMS, and Sila Money acquisitions. 5. Repay data as of 4/16/2026, prior to unsolicited take-private bid. 6. <strong>Flywire</strong> EV/Revenue multiples calculated using gross revenue. 7. Payoneer data as of 6/8/2026, prior to take-private leak. (6) (2) (2) (2) (3) (3) (3) (4) (4) (4) (6) 5 (7) (5) (5) (5) Note: Repay valuation and financials as of 4/ …
    Priority Technology Holdings, Inc.Flywire Corp·EX-99.(C)(8) - SC 13E3 - UPDATE MATERIALS PREPARED BY BARCLAYS CAPITAL INC. FOR THE SPECIAL COMMITTEE, DATED JULY 2026 AND PRESENTED TO THE SPECIAL COMMITTEE ON JULY 1, 2026·Q4 26·30 Oct

Key Stats

Trading

Px/Chg 1D$17.83 / +1.39%
Avg Volume2.16M
Beta1.48
Mkt Cap2.17B
FD Mkt Cap2.29B

Float

Shrs Out/Float121.55M / 112.92M
Short Float0.11%
Days to Cover4.63
Stock Repurchased$10.03M

Current Valuation

EV1.86B
EV/EBITDA25.48
EV/Sales2.74
P/B2.54
P/S3.20
FCF Yield-0.90%
ROE1.47%
ROA1.08%
Current Ratio1.75

Estimates

P/E71.80
Est P/E0.00
Est EPS0.03
Est PEG0.00

Valuation

Metric5Yr AvgMay '23May '24May '25May '26Oct '26
PRICE-BASED RATIOS
Price / Earnings10,827.86-79.17-268.24430.2353,883.40173.07
Price / Sales8.3610.765.702.5411.2911.52
Price / Book Value3.126.462.921.532.132.54
Price / Free Cash Flow-215.95-1,408.2430.8013.78395.50-111.60
ENTERPRISE VALUE METRICS
Enterprise Value1,694.32,767.61,644.6754.11,449.21,856.1
Enterprise Value / Sales6.859.564.081.539.209.87
Enterprise Value / EBITDA65.28-116.07139.5638.16184.0980.68
Enterprise Value / EBIT330.29-76.56-413.21314.491,702.93123.81

Financials

Full Financials
Millions USD5Yr CAGR (%)Dec '21Dec '22Dec '23Dec '24Dec '25
INCOME STATEMENT
Revenue32.7%201.1289.4403.1492.1623.0
Gross Income30.7%131.0181.4255.8314.7382.7
EBITDA—-14.9-23.811.819.851.0
EBIT—-23.9-36.1-4.02.425.0
Net Income—-28.1-39.3-8.62.913.5
EPS (Diluted)—-0.26-0.36-0.070.020.11
BALANCE SHEET
Cash & ST Inv-2%385.4349.2654.6611.1355.0
Total Assets18.3%639.8674.31,079.71,122.41,253.3
Total Liabilities27.6%157.6192.4293.6307.7418.1
Total Shareholder Equity14.7%482.2481.9786.1814.8835.2
CASH FLOW
Net Operating Cash Flow55.5%17.14.980.691.5100.2
Cap Ex-33%-6.7-7.1-6.0-0.9-1.4
Free Cash Flow75.4%10.4-2.274.690.598.8

Enterprise Value Bridge

Millions USD11 Nov '26
Price (As of 11 Nov '26)22.00
Basic Shares121.55
Market Cap2,673.4
Diluted Shares129.70
Fully Diluted Shares Outstanding129.70
Fully Diluted Market Cap2,852.8
+Consolidated Debt-
−In-the-Money Convertible Debt—
+Capital Leases-
+Operating Leases—
−Cash & Equivalents-407.2
−Short-term Investments-3.0
+Total Preferred-
−In-the-Money Convertible Preferred—
−Investments in Unconsolidated Subs—
+Non-Controlling Interest-
+Pension Liabilities—
Enterprise Value2,266.2

Segment data

Revenue

by Products and services

  • Transactions100%

Revenue

by Geography

  • United States And Canada (americas)46%
  • Europe, The Middle East And Africa (emea)39%
  • Asia And Pacific (apac)15%

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