FLYWNasdaqServices-Business Services, NECFiscal year ends December 31
Flywire Corp
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 5, 2026
$18.17−0.30 (-1.62%)
Close on Oct 19, 2026
- Market cap
- $2.22B
- P/E (TTM)
- 69.9
- Dividend yield
- –
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
100.0%
130M of 122M shares
Institutional holders
237
56 new, 24 sold out
Net institutional buying
14M
In Q2 2026
Insider trades, 12 months
3 buys · 52 sales
Net sold $24.09M
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| BlackRock, Inc. | 7,770,569 | 6.50% | 13G (passive) | Dec 31, 2023 |
| Cadian Capital Management GP, LLC | 6,618,119 | 5.50% | 13G (passive) amendment | Mar 31, 2026 |
| Divisadero Street Partners, L.P. | 6,384,945 | 5.30% | 13G (passive) | Jun 9, 2026 |
| Fullerton Management Pte Ltd | 6,173,385 | 5.10% | 13G (passive) amendment | Dec 31, 2025 |
| Voss Capital, LP | 14,379,500 | 12.10% | 13G (passive) amendment | Mar 31, 2026 |
| Cadian Capital Management, LP | 11,310,589 | 9.40% | 13G (passive) amendment | Sep 30, 2025 |
| Cocke Travis W. | 10,169,798 | 8.44% | 13G (passive) amendment | Sep 30, 2025 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of FLYW | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| Voss Capital, LLC | 13,629,500 | 11.20% | $239.47M | +4,500 | 11.12% |
| BlackRock, Inc. | 9,144,416 | 7.52% | $160.67M | +480,397 | 0.00% |
| Divisadero Street Capital Management, LP | 6,644,513 | 5.46% | $116.74M | +573,919 | 2.65% |
| Temasek Holdings (Private) Ltd | 6,173,385 | 5.07% | $108.47M | – | 0.29% |
| Cadian Capital Management, LP | 5,744,166 | 4.72% | $100.92M | −873,953 | 7.64% |
| Wellington Management Group Llp | 5,340,579 | 4.39% | $93.83M | +64,998 | 0.02% |
| Jennison Associates LLC | 5,272,962 | 4.33% | $92.65M | −25,919 | 0.06% |
| Vanguard Portfolio Management LLC | 4,966,384 | 4.08% | $87.26M | −10,176 | 0.00% |
| Vanguard Capital Management LLC | 4,960,457 | 4.08% | $87.16M | −83,708 | 0.00% |
| Driehaus Capital Management LLC | 4,506,928 | 3.70% | $79.19M | New | 0.46% |
| Geode Capital Management, LLC | 3,202,444 | 2.63% | $56.28M | +208,142 | 0.00% |
| Mangrove Partners | 2,984,076 | 2.45% | $52.43M | −30,921 | 3.44% |
| State Street Corp | 2,873,939 | 2.36% | $50.50M | +10,383 | 0.00% |
| UBS Group AG | 2,831,868 | 2.33% | $49.76M | +2,647,553 | 0.01% |
| Citadel Advisors LLC | 2,591,997 | 2.13% | $45.54M | −794,286 | 0.01% |
| Wasatch Advisors LP | 2,505,756 | 2.06% | $44.03M | New | 0.29% |
| Fuller & Thaler Asset Management, Inc. | 2,354,573 | 1.94% | $41.37M | New | 0.11% |
| First Eagle Investment Management, LLC | 2,307,274 | 1.90% | $40.54M | +1,506,437 | 0.03% |
| Dimensional Fund Advisors LP | 2,248,466 | 1.85% | $39.51M | +361,601 | 0.01% |
| Ameriprise Financial Inc | 1,446,164 | 1.19% | $25.41M | −132,794 | 0.01% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 237 | 130M | 100.0% | 56 / 99 | 61 / 24 | 25M | 11M |
| Q1 2026 | 210 | 116M | 95.3% | 40 / 87 | 59 / 37 | 26M | 12M |
| Q4 2025 | 211 | 113M | 92.8% | 37 / 81 | 71 / 22 | 16M | 13M |
| Q3 2025 | 200 | 111M | 91.4% | 46 / 72 | 59 / 49 | 21M | 15M |
| Q2 2025 | 204 | 105M | 86.4% | 29 / 81 | 75 / 62 | 27M | 26M |
| Q1 2025 | 237 | 104M | 85.9% | 63 / 80 | 66 / 64 | 30M | 41M |
| Q4 2024 | 240 | 118M | 96.9% | 58 / 79 | 77 / 31 | 17M | 15M |
| Q3 2024 | 219 | 117M | 96.4% | 39 / 78 | 69 / 36 | 18M | 13M |
| Q2 2024 | 219 | 121M | 99.7% | 51 / 90 | 56 / 52 | 27M | 24M |
| Q1 2024 | 223 | 119M | 97.4% | 33 / 93 | 76 / 45 | 17M | 18M |
| Q4 2023 | 236 | 120M | 98.6% | 56 / 101 | 65 / 50 | 25M | 21M |
| Q3 2023 | 232 | 117M | 96.5% | 34 / 98 | 73 / 35 | 20M | 5M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of FLYW | Value | % of fund | As of |
|---|---|---|---|---|---|
| Vanguard Total Stock Market Index Fund | 3,486,131 | 2.87% | $61.25M | 0.00% | Jun 30, 2026 |
| iShares Russell 2000 ETF | 3,083,089 | 2.53% | $54.17M | 0.07% | Jun 30, 2026 |
| Vanguard Small-Cap Index Fund | 2,506,393 | 2.06% | $44.04M | 0.02% | Jun 30, 2026 |
| PGIM Jennison Small Company Fund | 1,963,559 | 1.61% | $34.50M | 0.99% | Jun 30, 2026 |
| Fullerthaler Behavioral Small-Cap Growth | 1,575,000 | 1.29% | $27.67M | 0.45% | Jun 30, 2026 |
| Vanguard Small-Cap Growth Index Fund | 1,438,990 | 1.18% | $25.28M | 0.05% | Jun 30, 2026 |
| PRIMECAP Odyssey Aggressive Growth Fund | 1,339,700 | 1.10% | $21.45M | 0.29% | Jul 31, 2026 |
| Fidelity Small Cap Index Fund | 1,313,141 | 1.08% | $21.02M | 0.06% | Jul 31, 2026 |
| Vanguard Extended Market Index Fund | 1,274,922 | 1.05% | $22.40M | 0.02% | Jun 30, 2026 |
| iShares Russell 2000 Growth ETF | 1,031,395 | 0.85% | $18.12M | 0.12% | Jun 30, 2026 |
| First Eagle Small Cap Opportunity Fund | 1,026,480 | 0.84% | $16.43M | 0.57% | Jul 31, 2026 |
| Franklin Small Cap Growth Fund | 1,000,731 | 0.82% | $16.02M | 0.65% | Jul 31, 2026 |
| Fidelity Enhanced Small Cap Core ETF | 771,887 | 0.63% | $13.56M | 0.23% | Jun 30, 2026 |
| Columbia Small Cap Value Discovery Fund | 756,310 | 0.62% | $12.11M | 0.49% | Jul 31, 2026 |
| Wasatch Small Cap Growth Fund | 611,889 | 0.50% | $10.75M | 0.91% | Jun 30, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Michael Massaro | Chief Executive Officer, Director | 2,592,751 | 2.13% | Sep 3, 2026 |
| David R. King | See Remarks | 1,314,983 | 1.08% | Sep 15, 2026 |
| Peter Butterfield | General Counsel and CCO | 601,022 | 0.49% | Sep 10, 2026 |
| Mohit Kansal | Chief Payments Officer | 478,324 | 0.39% | Sep 3, 2026 |
| Cosmin Pitigoi | Chief Financial Officer | 856,575 | 0.70% | Sep 3, 2026 |
| Rob Orgel | President and COO | 916,918 | 0.75% | Sep 3, 2026 |
| Patrick Blanc | Chief Technology Officer | 234,234 | 0.19% | Mar 2, 2026 |
| Sabrina Farmer | Director | 20,301 | 0.02% | Sep 24, 2026 |
| Phillip John Riese | Director | 294,051 | 0.24% | Aug 11, 2026 |
| Edwin J. Santos | Director | 11,558 | 0.01% | Jun 10, 2026 |
| Matthew C. Harris | Director | 8,663,538 | 7.12% | Jun 4, 2026 |
| Gretchen Howard | Director | 59,318 | 0.05% | Jun 4, 2026 |
| Carleigh Jaques | Director | 44,152 | 0.04% | Jun 4, 2026 |
| Christine Katziff | Director | 39,783 | 0.03% | Jun 4, 2026 |
| Diane E. Offereins | Director | 58,777 | 0.05% | Jun 4, 2026 |
| Alex Finkelstein | Director | 270,831 | 0.22% | Jun 4, 2026 |
| Voss Capital, LP | 10% owner | 13,730,706 | 11.29% | Sep 22, 2026 |
| Voss Value Master Fund, LP | 10% owner | 13,850,727 | 11.38% | Sep 22, 2026 |
| Voss Advisors GP, LLC | 10% owner | 12,093,888 | 9.94% | Sep 22, 2026 |
| Voss Value-Oriented Special Situations Fund, LP | 10% owner | 13,785,938 | 11.33% | Sep 22, 2026 |
| Travis W. Cocke | 10% owner | – | – | Sep 22, 2026 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Sabrina Farmer Director | Sep 22, 2026 | Award | +20,301 | – | – | 20,301 |
| Voss Value-Oriented Special Situations Fund, LP 10% owner | Sep 18, 2026 | Option exercise | +100,000 | $10.00 | $1.00M | 11,169,321 |
| David R. King See Remarks | Sep 11, 2026 | Sale(10b5-1 plan) | −36,900 | $17.88 | $659.77K | 239,304 |
| Peter Butterfield General Counsel and CCO | Sep 8, 2026 | Sale(10b5-1 plan) | −12,156 | $17.99 | $218.69K | 601,022 |
| Mohit Kansal Chief Payments Officer | Sep 2, 2026 | Sale(10b5-1 plan) | −12,423 | $18.69 | $232.19K | 478,324 |
| Michael Massaro Chief Executive Officer, Director | Sep 1, 2026 | Sale(10b5-1 plan) | −112,500 | $18.39 | $2.07M | 2,400,558 |
| Michael Massaro Chief Executive Officer, Director | Sep 1, 2026 | Tax withholding | −39,993 | $18.19 | $727.47K | 2,513,058 |
| Mohit Kansal Chief Payments Officer | Sep 1, 2026 | Tax withholding | −9,923 | $18.19 | $180.50K | 490,747 |
| Cosmin Pitigoi Chief Financial Officer | Sep 1, 2026 | Tax withholding | −21,673 | $18.19 | $394.23K | 856,575 |
| Peter Butterfield General Counsel and CCO | Sep 1, 2026 | Tax withholding | −7,878 | $18.19 | $143.30K | 613,178 |
| David R. King See Remarks | Sep 1, 2026 | Tax withholding | −15,971 | $18.19 | $290.51K | 1,075,679 |
| Rob Orgel President and COO | Sep 1, 2026 | Tax withholding | −21,979 | $18.19 | $399.80K | 916,918 |
| Voss Value-Oriented Special Situations Fund, LP 10% owner | Aug 28, 2026 | Sale | −7,763 | $18.78 | $145.79K | 11,069,321 |
| Voss Value-Oriented Special Situations Fund, LP 10% owner | Aug 28, 2026 | Sale | −37,005 | $18.78 | $694.95K | 11,077,084 |
| Voss Capital, LP 10% owner | Aug 27, 2026 | Sale | −1,996 | $18.91 | $37.74K | 366,617 |
| Voss Capital, LP 10% owner | Aug 27, 2026 | Sale | −91,931 | $18.92 | $1.74M | 11,114,089 |
| Voss Capital, LP 10% owner | Aug 26, 2026 | Sale | −555 | $18.99 | $10.54K | 368,613 |
| Voss Capital, LP 10% owner | Aug 26, 2026 | Sale | −25,539 | $18.99 | $484.99K | 11,206,020 |
| Voss Value Master Fund, LP 10% owner | Aug 25, 2026 | Sale | −169,295 | $19.19 | $3.25M | 11,231,559 |
| Voss Value Master Fund, LP 10% owner | Aug 25, 2026 | Sale | −3,678 | $19.19 | $70.58K | 369,168 |
| Voss Value Master Fund, LP 10% owner | Aug 24, 2026 | Sale | −99,146 | $19.49 | $1.93M | 11,400,854 |
| Voss Value Master Fund, LP 10% owner | Aug 24, 2026 | Sale | −2,154 | $19.49 | $41.98K | 372,846 |
| Voss Value Master Fund, LP 10% owner | Aug 19, 2026 | Sale | −25,000 | $18.86 | $471.50K | 11,500,000 |
| Voss Value Master Fund, LP 10% owner | Aug 18, 2026 | Sale | −18,553 | $18.40 | $341.38K | 11,525,000 |
| Voss Value Master Fund, LP 10% owner | Aug 18, 2026 | Sale | −10,947 | $18.24 | $199.67K | 11,543,553 |
| Voss Value Master Fund, LP 10% owner | Aug 18, 2026 | Sale | −9,277 | $18.24 | $169.21K | 2,290,723 |
| Voss Value Master Fund, LP 10% owner | Aug 18, 2026 | Sale | −15,723 | $18.40 | $289.30K | 2,265,724 |
| Voss Value Master Fund, LP 10% owner | Aug 18, 2026 | Sale | −15,724 | $18.40 | $289.32K | 2,250,000 |
| Voss Value Master Fund, LP 10% owner | Aug 18, 2026 | Sale | −9,276 | $18.24 | $169.19K | 2,281,447 |
| Phillip John Riese Director | Aug 7, 2026 | Option exercise | +48,000 | $0.59 | $28.32K | 294,051 |
| Phillip John Riese Director | Aug 7, 2026 | Sale | −36,000 | $18.22 | $655.92K | 258,051 |
| Michael Massaro Chief Executive Officer, Director | Jul 17, 2026 | Sale(10b5-1 plan) | −32,328 | $18.20 | $588.37K | 2,553,051 |
| Michael Massaro Chief Executive Officer, Director | Jul 16, 2026 | Sale(10b5-1 plan) | −92,672 | $18.62 | $1.73M | 2,585,379 |
| Peter Butterfield General Counsel and CCO | Jul 1, 2026 | Sale(10b5-1 plan) | −31,096 | $18.06 | $561.59K | 621,056 |
| David R. King See Remarks | Jun 30, 2026 | Option exercise | −5,125 | $3.95 | $20.24K | 1,091,650 |
| Mohit Kansal Chief Payments Officer | Jun 25, 2026 | Sale(10b5-1 plan) | −3,650 | $16.96 | $61.90K | 500,670 |
| Peter Butterfield General Counsel and CCO | Jun 15, 2026 | Sale(10b5-1 plan) | −6,528 | $15.08 | $98.44K | 652,152 |
| Michael Massaro Chief Executive Officer, Director | Jun 15, 2026 | Sale(10b5-1 plan) | −50,000 | $15.26 | $763.00K | 2,678,051 |
| Mohit Kansal Chief Payments Officer | Jun 15, 2026 | Sale(10b5-1 plan) | −54,543 | $15.15 | $826.33K | 504,320 |
| Edwin J. Santos Director | Jun 8, 2026 | Sale | −6,524 | $14.12 | $92.12K | 11,558 |
| Peter Butterfield General Counsel and CCO | Jun 5, 2026 | Sale(10b5-1 plan) | −6,188 | $14.40 | $89.11K | 658,680 |
| Edwin J. Santos Director | Jun 4, 2026 | Sale | −10,466 | $14.69 | $153.75K | 18,082 |
| Diane E. Offereins Director | Jun 2, 2026 | Award | +11,558 | – | – | 58,777 |
| Phillip John Riese Director | Jun 2, 2026 | Sale(10b5-1 plan) | −4,800 | $15.39 | $73.87K | 234,693 |
| Phillip John Riese Director | Jun 2, 2026 | Sale(10b5-1 plan) | −200 | $16.18 | $3.24K | 234,493 |
| Phillip John Riese Director | Jun 2, 2026 | Award | +11,558 | – | – | 246,051 |
| Phillip John Riese Director | Jun 2, 2026 | Option exercise | +5,000 | $0.59 | $2.95K | 239,493 |
| Gretchen Howard Director | Jun 2, 2026 | Award | +11,558 | – | – | 59,318 |
| Alex Finkelstein Director | Jun 2, 2026 | Award | +11,558 | – | – | 270,831 |
| Carleigh Jaques Director | Jun 2, 2026 | Award | +11,558 | – | – | 44,152 |
| Edwin J. Santos Director | Jun 2, 2026 | Award | +11,558 | – | – | 28,548 |
| Matthew C. Harris Director | Jun 2, 2026 | Award | +11,558 | – | – | 39,014 |
| Christine Katziff Director | Jun 2, 2026 | Award | +11,558 | – | – | 39,783 |
| Rob Orgel President and COO | Jun 1, 2026 | Sale(10b5-1 plan) | −178,980 | $17.00 | $3.04M | 959,061 |
| Rob Orgel President and COO | Jun 1, 2026 | Tax withholding | −21,979 | $16.61 | $365.07K | 937,082 |
| Cosmin Pitigoi Chief Financial Officer | Jun 1, 2026 | Tax withholding | −18,890 | $16.61 | $313.76K | 878,248 |
| Mohit Kansal Chief Payments Officer | Jun 1, 2026 | Tax withholding | −9,921 | $16.61 | $164.79K | 557,873 |
| Michael Massaro Chief Executive Officer, Director | Jun 1, 2026 | Tax withholding | −39,799 | $16.61 | $661.06K | 2,726,236 |
| David R. King See Remarks | Jun 1, 2026 | Tax withholding | −15,970 | $16.61 | $265.26K | 1,084,710 |
| Peter Butterfield General Counsel and CCO | Jun 1, 2026 | Tax withholding | −7,318 | $16.61 | $121.55K | 664,164 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| R. King David Officer | Sep 11, 2026 | 92,225 | $1.64M | Sep 11, 2026 | Transfer |
| T. Butterfield Peter Officer | Sep 8, 2026 | 12,156 | $223.31K | Sep 8, 2026 | Restricted Stock Vesting |
| Mohit Kansal Officer | Sep 2, 2026 | 12,464 | $222.92K | Sep 2, 2026 | Restricted Stock Vesting |
| Phillip John Riese Director | Aug 7, 2026 | 36,000 | $656.03K | Aug 7, 2026 | Stock Option Exercise |
| T. Butterfield Peter Officer | Jul 1, 2026 | 32,576 | $586.37K | Jul 1, 2026 | Restricted Stock Vesting |
| Mohit Kansal Officer | Jun 25, 2026 | 3,650 | $61.90K | Jun 25, 2026 | Restricted Stock Vesting |
| P. Massaro Michael Officer | Jun 15, 2026 | 287,500 | $4.40M | Jun 15, 2026 | Acquired upon option exercise |
| Mohit Kansal Officer | Jun 15, 2026 | 54,543 | $826.59K | Jun 15, 2026 | Restricted Stock Vesting |
| Edwin J. Santos Director | Jun 8, 2026 | 6,524 | $92.12K | Jun 8, 2026 | Restricted Stock Vesting |
| T. Butterfield Peter Officer | Jun 5, 2026 | 12,716 | $185.02K | Jun 5, 2026 | Restricted Stock Vesting |
| Edwin J. Santos Director | Jun 4, 2026 | 10,466 | $153.71K | Jun 4, 2026 | Restricted Stock Vesting |
| Phillip John Riese Director | Jun 2, 2026 | 5,000 | $81.75K | Jun 2, 2026 | Option Granted - 12/14/2016 |
| Rob Orgel Officer | Jun 1, 2026 | 178,980 | $3.04M | Jun 1, 2026 | Option Exercise |
| T. Butterfield Peter Affiliate | May 7, 2026 | 32,576 | $586.69K | May 7, 2026 | Restricted Stock Vesting |
| Mohit Kansal Officer | May 6, 2026 | 16,101 | $256.01K | May 6, 2026 | ESPP Purchase |