flywire, formerly peertransfer, is a leading provider of high-ticket cross-border payment solutions, connecting institutions on six continents with consumers from around the world. introduced four years ago as a way for international students to pay their tuition for studies abroad, flywire is now welcomed by more than 800 colleges, universities, and other educational institutions. the company processes payments on behalf of students from 200+ countries and territories, in more than 100 local currencies. convenient, fast and secure, flywire’s scalable cross-border platform accepts bank transfers, online banking, and credit & debit cards − providing currency conversion at exchange rates that can offer significant savings when compared to home-market banks and credit card providers. committed to a great end-to-end customer experience, the company offers multilingual servicing via phone, email, and chat, as well as 24/7 online payment tracking. flywire is headquartered in boston, ma with
Company profile
Ticker
FLYW
Exchange
Website
CEO
Mike Massaro
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
peerTransfer Corp
SEC CIK
Corporate docs
Subsidiaries
Flywire LATAM Corporation • Flywire AEA Corporation • Flywire Healthcare Corporation • Flywire U.S. Holdings, Inc. • OnPlan Holdings, LLC • Flywire Securities Corporation • Flywire Global Corp. • Flywire Payments Corporation • Simplificare Inc. • Flywire Pacific Pty Ltd ...
IRS number
270690799
FLYW stock data
Latest filings (excl ownership)
8-K
Amendments to Articles of Incorporation or Bylaws
19 Mar 24
S-8
Registration of securities for employees
28 Feb 24
10-K
2023 FY
Annual report
28 Feb 24
8-K
Flywire Reports Fourth Quarter and Fiscal-Year 2023 Financial Results
27 Feb 24
8-K
Departure of Directors or Certain Officers
22 Feb 24
10-Q
2023 Q3
Quarterly report
7 Nov 23
8-K
Flywire Reports Third Quarter 2023 Financial Results
7 Nov 23
8-K
Flywire appoints Gretchen Howard to its Board of Directors
20 Sep 23
8-K
Other Events
12 Sep 23
8-K
Flywire Launches Proposed Follow-On Offering
10 Aug 23
Transcripts
FLYW
Earnings call transcript
2023 Q4
27 Feb 24
FLYW
Earnings call transcript
2023 Q3
7 Nov 23
FLYW
Earnings call transcript
2023 Q2
8 Aug 23
FLYW
Earnings call transcript
2023 Q1
9 May 23
FLYW
Earnings call transcript
2022 Q4
28 Feb 23
FLYW
Earnings call transcript
2022 Q3
12 Nov 22
FLYW
Earnings call transcript
2022 Q2
14 Aug 22
FLYW
Earnings call transcript
2022 Q1
15 May 22
FLYW
Earnings call transcript
2021 Q4
3 Mar 22
FLYW
Earnings call transcript
2021 Q3
10 Nov 21
Latest ownership filings
144
Notice of proposed sale of securities
16 Apr 24
144
Notice of proposed sale of securities
15 Apr 24
4
Michael Massaro
5 Apr 24
4/A
Alex Finkelstein
29 Mar 24
4
Michael Massaro
21 Mar 24
144
Notice of proposed sale of securities
19 Mar 24
4
Phillip John Riese
14 Mar 24
144
Notice of proposed sale of securities
13 Mar 24
4
Phillip John Riese
12 Mar 24
4
Peter Butterfield
12 Mar 24
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Operating income | |||||
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Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | |
---|---|---|---|
Revenue | |||
Cost of revenue | |||
Operating income | |||
Operating margin | |||
Net income | |||
Net profit margin | |||
Cash on hand | |||
Change in cash | |||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 638.21 mm | 638.21 mm | 638.21 mm | 638.21 mm | 638.21 mm | 638.21 mm |
Cash burn (monthly) | (no burn) | (no burn) | (no burn) | 1.74 mm | (no burn) | (no burn) |
Cash used (since last report) | n/a | n/a | n/a | 11.57 mm | n/a | n/a |
Cash remaining | n/a | n/a | n/a | 626.64 mm | n/a | n/a |
Runway (months of cash) | n/a | n/a | n/a | 360.5 | n/a | n/a |
Institutional ownership, Q3 2023
13F holders | Current |
---|---|
Total holders | 229 |
Opened positions | 32 |
Closed positions | 35 |
Increased positions | 94 |
Reduced positions | 74 |
13F shares | Current |
---|---|
Total value | 3.60 tn |
Total shares | 122.77 mm |
Total puts | 99.70 k |
Total calls | 885.80 k |
Total put/call ratio | 0.1 |
Largest owners | Shares | Value |
---|---|---|
Temasek | 10.64 mm | $339.17 bn |
Vanguard | 10.52 mm | $335.41 bn |
Bain Capital Venture Fund 2014 | 9.56 mm | $0.00 |
BLK Blackrock | 6.68 mm | $213.13 bn |
Alliancebernstein | 5.68 mm | $181.13 bn |
Eventide Asset Managment | 4.07 mm | $129.83 bn |
Westfield Capital Management | 3.51 mm | $112.07 bn |
Fred Alger Management | 3.48 mm | $110.97 bn |
William Blair Investment Management | 3.15 mm | $100.34 bn |
IVZ Invesco | 3.11 mm | $99.07 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
3 Apr 24 | Michael Massaro | Voting Common Stock | Sell | Dispose S | Yes | No | 24.0746 | 4,892 | 117.77 k | 307,548 |
3 Apr 24 | Michael Massaro | Voting Common Stock | Sell | Dispose S | No | No | 24.0746 | 13,043 | 314.01 k | 1,655,673 |
20 Mar 24 | Michael Massaro | Voting Common Stock | Sell | Dispose S | Yes | No | 25.0565 | 6,311 | 158.13 k | 312,440 |
20 Mar 24 | Michael Massaro | Voting Common Stock | Sell | Dispose S | No | No | 25.0565 | 16,828 | 421.65 k | 1,668,716 |
19 Mar 24 | Michael Massaro | Voting Common Stock | Sell | Dispose S | Yes | No | 25.1148 | 18,689 | 469.37 k | 318,751 |
19 Mar 24 | Michael Massaro | Voting Common Stock | Sell | Dispose S | No | No | 25.1148 | 49,844 | 1.25 mm | 1,685,544 |
13 Mar 24 | Phillip John Riese | Voting Common Stock | Sell | Dispose S | No | No | 26.2055 | 25,000 | 655.14 k | 207,037 |
12 Mar 24 | Phillip John Riese | Voting Common Stock | Sell | Dispose S | No | No | 26.4133 | 50,000 | 1.32 mm | 232,037 |
11 Mar 24 | Phillip John Riese | Voting Common Stock | Sell | Dispose S | No | No | 27.0077 | 841 | 22.71 k | 282,037 |
11 Mar 24 | Phillip John Riese | Voting Common Stock | Sell | Dispose S | No | No | 26.3544 | 49,159 | 1.30 mm | 282,878 |
News
Citigroup Maintains Buy on Flywire, Lowers Price Target to $36
4 Apr 24
Analyst Ratings For Flywire
20 Mar 24
Citigroup Maintains Buy on Flywire, Raises Price Target to $37
20 Mar 24
Dell To Rally Around 27%? Here Are 10 Top Analyst Forecasts For Friday
1 Mar 24
Evaluating Flywire: Insights From 12 Financial Analysts
1 Mar 24
Press releases
Flywire Named Title Sponsor for Major League Table Tennis Championship Weekend at Loyola University's Gentile Arena
18 Apr 24
Flywire to Announce First Quarter 2024 Results on May 7, 2024
16 Apr 24
Flywire Partners with VTEX to Deliver Integrated Payment Experience to Higher Education Institutions across Latin America
21 Mar 24
Flywire Reports Fourth Quarter and Fiscal-Year 2023 Financial Results
27 Feb 24
Flywire to Announce Fourth Quarter and Full Year 2023 Results on February 27, 2024
30 Jan 24