Flywire Corporation Voting Common Stock (FLYW)

FairStock Score: 49/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

At the close on 2026-10-26, Flywire traded at $19.15, giving a $2.3 billion market value on $0.27 of EPS, a FairStock P/E of 70.93 and P/B of 2.85. The business does have real momentum: revenue rose from $403.1 million in FY2023 to $492.1 million in FY2024 and $623.0 million in FY2025, and in fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $167.7 million versus $131.9 million in fiscal Q2 2025. Free cash flow is $153.7 million, a 6.6% FCF yield, and debt is zero with an Altman Z-Score of 4.25. That is a healthy balance sheet. But Graham would fixate on the lack of margin of safety. The Graham Number is $6.34, so at $19.15 the margin of safety is -205.99%. FairStock's ROE is 4.23% and ROCE 2.18%, both thin. Earnings are uneven: FY2023 lost $8.6 million, FY2024 earned $2.9 million, FY2025 earned $13.5 million, and fiscal Q2 2026 lost $8.1 million. A Piotroski F-Score of 2/9 confirms weak fundamental signals, even if the Lynch category is TURNAROUND—returned to profit after a loss within the last three years. At 28.95 times EV/EBITDA and a PEG of 2.23, the price already assumes a lot of future success. I see some switching costs from embedded payment workflows, but not enough evidence of a durable moat at this valuation. I would wait for consistent profits and a much lower price before calling it a value opportunity.

In plain English: Flywire provides software that helps organizations and people make and receive payments, often across borders. The business is growing revenue and generates cash, but profits are thin and the latest quarter showed a loss. At $19.15, the stock looks expensive compared with its earnings and accounting value.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-26 close · note generated 2026-10-28 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer