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
![Flywire logo](/files/LOGO/1580560-FLYW.png)
Company profile
Ticker
FLYW
Exchange
Website
CEO
Mike Massaro
Employees
Incorporated
Location
Fiscal year end
Sector
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
Submission of Matters to a Vote of Security Holders
7 Jun 24
10-Q
2024 Q1
Quarterly report
7 May 24
8-K
Flywire Reports First Quarter 2024 Financial Results
7 May 24
ARS
2023 FY
Annual report to shareholders
22 Apr 24
DEFA14A
Additional proxy soliciting materials
22 Apr 24
DEF 14A
Definitive proxy
22 Apr 24
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
Transcripts
FLYW
Earnings call transcript
2024 Q1
7 May 24
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 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
Financial summary
Quarter (USD) | Mar 24 | Dec 23 | Sep 23 | Jun 23 | |
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Diluted EPS |
Annual (USD) | Dec 23 | Dec 22 | Dec 21 | |
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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) | 619.01 mm | 619.01 mm | 619.01 mm | 619.01 mm | 619.01 mm | 619.01 mm |
Cash burn (monthly) | 11.86 mm | (no burn) | 1.99 mm | 1.74 mm | 12.70 mm | (no burn) |
Cash used (since last report) | 45.87 mm | n/a | 7.69 mm | 6.74 mm | 49.09 mm | n/a |
Cash remaining | 573.14 mm | n/a | 611.33 mm | 612.28 mm | 569.92 mm | n/a |
Runway (months of cash) | 48.3 | n/a | 307.6 | 351.3 | 44.9 | n/a |
Institutional ownership, Q1 2024
92.7% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 217 |
Opened positions | 78 |
Closed positions | 37 |
Increased positions | 68 |
Reduced positions | 52 |
13F shares | Current |
---|---|
Total value | 2.68 tn |
Total shares | 113.43 mm |
Total puts | 578.70 k |
Total calls | 627.70 k |
Total put/call ratio | 0.9 |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 10.86 mm | $269.49 bn |
Temasek | 8.68 mm | $215.47 bn |
BLK Blackrock | 7.60 mm | $188.67 bn |
FMR | 6.97 mm | $172.96 bn |
William Blair Investment Management | 5.21 mm | $129.31 bn |
Westfield Capital Management | 4.84 mm | $120.02 bn |
Alliancebernstein | 4.76 mm | $118.09 bn |
Eventide Asset Managment | 4.20 mm | $104.13 bn |
AMP Ameriprise Financial | 2.78 mm | $68.92 bn |
Millennium Management | 2.72 mm | $67.46 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
12 Jul 24 | David R. King | Voting Common Stock | Option exercise | Acquire M | No | No | 3.95 | 3,750 | 14.81 k | 623,537 |
12 Jul 24 | David R. King | Employee Stock Option Voting Common Stock | Option exercise | Dispose M | No | No | 3.95 | 3,750 | 14.81 k | 13,125 |
5 Jun 24 | Michael Massaro | Voting Common Stock | Sell | Dispose S | No | No | 16.691 | 7,631 | 127.37 k | 1,746,882 |
5 Jun 24 | Peter Butterfield | Voting Common Stock | Sell | Dispose S | No | No | 16.691 | 824 | 13.75 k | 280,657 |
5 Jun 24 | David R. King | Voting Common Stock | Sell | Dispose S | No | No | 16.691 | 3,496 | 58.35 k | 618,689 |
5 Jun 24 | Rob Orgel | Voting Common Stock | Sell | Dispose S | No | No | 16.691 | 3,815 | 63.68 k | 481,396 |
News
Fiserv Surpasses Q2 Earnings Estimates
24 Jul 24
Nvidia, Micron, Arlo Technologies And Other Big Stocks Moving Higher On Tuesday
9 Jul 24
Wedbush Initiates Coverage On Flywire with Neutral Rating, Announces Price Target of $18
24 May 24
Flywire Expands Availability Of Third-Party Invoicing Solution
14 May 24
Analyst Expectations For Flywire's Future
9 May 24
Press releases
Flywire to Announce Second Quarter 2024 Results on August 6, 2024
17 Jul 24
Flywire improves efficiency and cash flow for higher education institutions with expanded availability of third-party invoicing solution
14 May 24
Flywire to Attend Upcoming Investor Conferences
10 May 24
Flywire Reports First Quarter 2024 Financial Results
7 May 24