Flywire (Flywire) EBIT : $-4.0 Mil (TTM As of Dec. 2023)

View and export this data going back to 2021. Start your Free Trial

What is Flywire EBIT?

Flywire's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $3.3 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $-4.0 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Flywire's annualized ROC % for the quarter that ended in Dec. 2023 was -5.91%. Flywire's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 87.36%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Flywire's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -0.21%.

Flywire EBIT Historical Data

The historical data trend for Flywire's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Flywire EBIT Chart

Flywire Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

-17.11

-15.74

-23.91

-36.15

-3.98

Flywire Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
EBIT	Get a 7-Day Free Trial												-1.67	-3.16	-15.63	11.49	3.32

Competitive Comparison of Flywire's EBIT

For the Software - Infrastructure subindustry, Flywire's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Flywire's EV-to-EBIT Distribution in the Software Industry

For the Software industry and Technology sector, Flywire's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Flywire's EV-to-EBIT falls into.

Flywire EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-4.0 Mil.

Flywire (NAS:FLYW) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Flywire's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	-40.112 * ( 1 - 60.09% )	/	( (249.477	+	292.228)	/ 2 )
=	-16.0086992	/	270.8525
=	-5.91 %

where

	Invested Capital		(Q: Sep. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	982.416	-	162.62	-	( 638.205	-	max(0, 192.108	-	762.427	+	638.205	))
=	249.477

	Invested Capital		(Q: Dec. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	1079.731	-	245.611	-	( 654.608	-	max(0, 273.792	-	815.684	+	654.608	))
=	292.228

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

2. Joel Greenblatt's definition of Return on Capital:

Flywire's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	13.268	/	( ( (15.241 + max(-154.172, 0))	+	(15.134 + max(-235.885, 0)) )	/	2 )
=	13.268	/	( ( 15.241	+	15.134 )	/	2 )
=	13.268	/	15.1875
=	87.36 %

where Working Capital is:

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(18.151	+	0	+	18.793)	-	(162.62	+	10.327	+	18.169)
=	-154.172

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(18.215	+	0	+	18.227)	-	(245.611	+	6.968	+	19.748)
=	-235.885

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Flywire's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-3.98	/	1897.839
	=	-0.21 %

Flywire EBIT Related Terms

Thank you for viewing the detailed overview of Flywire's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.

Flywire (Flywire) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Flywire Corp (NAS:FLYW) » Definitions » EBIT

Comparable Companies

STNE BOX APPN VRNS DAVA SQSP RPD EEFT HCP ESMT MSFT ORCL ADBE PANW SNPS VMW FTNT CRWD PLTR SQ

Traded in Other Exchanges

9E2:Germany

Address

141 Tremont Street, Suite 10, Boston, MA, USA, 02111

Website

https://www.flywire.com

Flywire Corp provides a secure global payments platform, offering its clients an innovative and streamlined process to receive reconciled domestic and international payments in a more cost-effective and efficient manner. The company's solutions are built on three core elements namely a payments platform; a proprietary global payment network and vertical-specific software backed by its deep industry expertise. Geographically, the majority of revenue is from the Americas.

Executives

Michael G Ellis	officer: Chief Financial Officer	C/O FLYWIRE CORPORATION, 141 TREMONT STREET, SUITE 10, BOSTON MA 02111
Peter Butterfield	officer: General Counsel and CCO	C/O FLYWIRE CORPORATION, 141 TREMONT STREET, SUITE 10, BOSTON MA 02111
Rob Orgel	officer: President and COO	C/O FLYWIRE CORPORATION, 141 TREMONT STREET, SUITE 10, BOSTON MA 02111
Michael Massaro	director, officer: Chief Executive Officer	C/O FLYWIRE CORPORATION, 141 TREMONT STREET, SUITE 10, BOSTON MA 02111
David R. King	officer: Chief Technology Officer	C/O FLYWIRE CORPORATION, 141 TREMONT STREET, SUITE 10, BOSTON MA 02111
Gretchen Howard	director	707 MENLO AVENUE, SUITE 110, MENLO PARK CA 94025
Matthew C Harris	director, 10 percent owner	1 BANK STREET, 2ND FLOOR, WILLIAMSTOWN MA 01267
Edwin J Santos	director	234 MOURNING DOVE DRIVE, SAUNDERSTOWN RI 02874
Bain Capital Venture Investors, Llc	10 percent owner	200 CLARENDON STREET, BOSTON MA 02116
Bain Capital Venture Coinvestment Fund Ii, L.p.	10 percent owner	200 CLARENDON STREET, BOSTON MA 02116
Enrique T Salem	10 percent owner	SYMANTEC CORPORATION, 20330 STEVENS CREEK BLVD., CUPERTINO CA 95014
Ajay Agarwal	10 percent owner	C/O BAIN CAPITAL VENTURE INVESTORS, LLC, 200 CLARENDON STREET, BOSTON MA 02116
Alex Finkelstein	director, 10 percent owner	C/O WAYFAIR INC, 4 COPLEY PLACE, 7TH FLOOR, BOSTON MA 02116
Phillip John Riese	director	2851 WEST KATHLEEN ROAD, PHOENIX AZ 85053
Diane E Offereins	director	2500 LAKE COOK ROAD, RIVERWOODS IL 60015