What is Flywire Corporation's net debt / EBITDA?

Flywire Corporation (FLYW) reported net debt / EBITDA of -5× in Q1 2026.

How has Flywire Corporation's net debt / EBITDA changed year-over-year?

Flywire Corporation's net debt / EBITDA increased by 75.7% year-over-year, from -20.4× to -5×.

What does net debt / EBITDA mean?

Net debt (total debt minus cash) divided by trailing-twelve-month EBITDA. Expresses leverage in years — roughly how long it would take to repay net debt out of operating cash earnings.

Flywire Corporation FLYW Net debt / EBITDA

Net debt / EBITDA at other companies

JPMorgan ChaseJPM

1.2×+0.9×

Western UnionWU

2×+0.3×

WEXWEX

4×-0.3×

CorpayCPAY

3×-0.1×

Payoneer Global Inc.PAYO

-3.6×-1.7×

Waystar Holding Corp.WAY

3.4×+0.4×

Other financials

Income statement

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Revenue$188.1M+41.0%

Operating income$10.8M+198%

Net income$12.5M+401%

EPS (diluted)$0.10+433%

Balance sheet

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Cash & equivalents$311.9M+63.7%

Total debt$1.5M-97.6%

Total equity$852.2M+8.7%

Total assets$1.2B+9.6%

Cash flow

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Operating cash flow-$15.8M+80.4%

CapEx$139.0K-25.7%

Free cash flow-$16.0M+80.3%

Valuation

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Market cap$1.93B+20.2%

Enterprise value$1.62B+5.3%

P/E63.9×—

P/S2.8×-0.3×

Profitability

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Operating margin5%+3.8pp

Net margin4.5%—

FCF margin24.2%—

Returns & leverage

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Return on equity3.7%—

Debt / equity0×-0.1×

Current ratio1.7×-0.3×

Where this comes from

Calculated from Flywire Corporation’s reported figures.

net debt/ebitda=-5×

Based on the most recent quarter.

The official record: Flywire Corporation’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Flywire Corporation's net debt / EBITDA?: Flywire Corporation (FLYW) reported net debt / EBITDA of -5× in Q1 2026.
How has Flywire Corporation's net debt / EBITDA changed year-over-year?: Flywire Corporation's net debt / EBITDA increased by 75.7% year-over-year, from -20.4× to -5×.
What does net debt / EBITDA mean?: Net debt (total debt minus cash) divided by trailing-twelve-month EBITDA. Expresses leverage in years — roughly how long it would take to repay net debt out of operating cash earnings.