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Side-by-side financial comparison of AMERISAFE INC (AMSF) and Flywire Corp (FLYW). Click either name above to swap in a different company.
Flywire Corp is the larger business by last-quarter revenue ($157.5M vs $80.1M, roughly 2.0× AMERISAFE INC). AMERISAFE INC runs the higher net margin — 10.2% vs 0.0%, a 10.1% gap on every dollar of revenue. On growth, Flywire Corp posted the faster year-over-year revenue change (34.0% vs 10.3%). Over the past eight quarters, Flywire Corp's revenue compounded faster (17.5% CAGR vs 2.8%).
AMERISAFE Inc. is a specialty insurance provider that focuses exclusively on workers' compensation coverage for small and mid-sized businesses in high-hazard industries including construction, logging, trucking, and manufacturing. It operates across 49 U.S. states, offering tailored insurance policies paired with targeted risk management support for clients.
Flywire Corp is a global payment and receivables solutions provider serving core verticals including education, healthcare, travel, and B2B commerce. It offers secure cross-border payment processing, currency conversion, and workflow tools for organizations and payers worldwide.
AMSF vs FLYW — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $80.1M | $157.5M |
| Net Profit | $8.1M | $33.0K |
| Gross Margin | — | — |
| Operating Margin | — | -0.6% |
| Net Margin | 10.2% | 0.0% |
| Revenue YoY | 10.3% | 34.0% |
| Net Profit YoY | -9.0% | 100.2% |
| EPS (diluted) | $0.43 | $0.01 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $80.1M | — | ||
| Q4 25 | $81.6M | $157.5M | ||
| Q3 25 | $82.0M | $200.1M | ||
| Q2 25 | $81.1M | $131.9M | ||
| Q1 25 | $72.6M | $133.5M | ||
| Q4 24 | $74.0M | $117.5M | ||
| Q3 24 | $78.7M | $156.8M | ||
| Q2 24 | $75.8M | $103.7M |
| Q1 26 | $8.1M | — | ||
| Q4 25 | $10.4M | $33.0K | ||
| Q3 25 | $13.8M | $29.6M | ||
| Q2 25 | $14.0M | $-12.0M | ||
| Q1 25 | $8.9M | $-4.2M | ||
| Q4 24 | $13.2M | $-15.9M | ||
| Q3 24 | $14.3M | $38.9M | ||
| Q2 24 | $11.0M | $-13.9M |
| Q1 26 | — | — | ||
| Q4 25 | 15.6% | -0.6% | ||
| Q3 25 | 21.3% | 16.1% | ||
| Q2 25 | 21.5% | -6.8% | ||
| Q1 25 | 15.5% | -8.2% | ||
| Q4 24 | 22.7% | -4.9% | ||
| Q3 24 | 22.6% | 12.9% | ||
| Q2 24 | 18.1% | -15.2% |
| Q1 26 | 10.2% | — | ||
| Q4 25 | 12.8% | 0.0% | ||
| Q3 25 | 16.9% | 14.8% | ||
| Q2 25 | 17.2% | -9.1% | ||
| Q1 25 | 12.3% | -3.1% | ||
| Q4 24 | 17.8% | -13.5% | ||
| Q3 24 | 18.2% | 24.8% | ||
| Q2 24 | 14.5% | -13.4% |
| Q1 26 | $0.43 | — | ||
| Q4 25 | $0.55 | $0.01 | ||
| Q3 25 | $0.72 | $0.23 | ||
| Q2 25 | $0.73 | $-0.10 | ||
| Q1 25 | $0.47 | $-0.03 | ||
| Q4 24 | $0.69 | $-0.12 | ||
| Q3 24 | $0.75 | $0.30 | ||
| Q2 24 | $0.57 | $-0.11 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $34.2M | $355.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $246.6M | $835.2M |
| Total Assets | — | $1.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $34.2M | — | ||
| Q4 25 | $61.9M | $355.0M | ||
| Q3 25 | $54.7M | $377.3M | ||
| Q2 25 | $48.5M | $274.2M | ||
| Q1 25 | $44.8M | $255.3M | ||
| Q4 24 | $44.1M | $611.1M | ||
| Q3 24 | $63.7M | $681.1M | ||
| Q2 24 | $30.6M | $571.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $15.0M | ||
| Q2 25 | — | $60.0M | ||
| Q1 25 | — | $60.0M | ||
| Q4 24 | — | $0 | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $246.6M | — | ||
| Q4 25 | $251.6M | $835.2M | ||
| Q3 25 | $274.8M | $829.1M | ||
| Q2 25 | $265.6M | $792.4M | ||
| Q1 25 | $260.8M | $784.3M | ||
| Q4 24 | $257.3M | $814.8M | ||
| Q3 24 | $314.4M | $843.2M | ||
| Q2 24 | $301.0M | $802.6M |
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $1.3B | ||
| Q3 25 | $1.2B | $1.3B | ||
| Q2 25 | $1.2B | $1.1B | ||
| Q1 25 | $1.2B | $1.1B | ||
| Q4 24 | $1.2B | $1.1B | ||
| Q3 24 | $1.3B | $1.2B | ||
| Q2 24 | $1.2B | $998.7M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 0.02× | ||
| Q2 25 | — | 0.08× | ||
| Q1 25 | — | 0.08× | ||
| Q4 24 | — | 0.00× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $4.9M |
| Free Cash FlowOCF − Capex | — | $4.5M |
| FCF MarginFCF / Revenue | — | 2.9% |
| Capex IntensityCapex / Revenue | — | 0.2% |
| Cash ConversionOCF / Net Profit | — | 148.06× |
| TTM Free Cash FlowTrailing 4 quarters | — | $98.8M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $11.1M | $4.9M | ||
| Q3 25 | $10.7M | $150.1M | ||
| Q2 25 | $-8.4M | $24.1M | ||
| Q1 25 | $-1.8M | $-78.9M | ||
| Q4 24 | $24.2M | $-28.6M | ||
| Q3 24 | $8.4M | $184.6M | ||
| Q2 24 | $-2.6M | $-19.3M |
| Q1 26 | — | — | ||
| Q4 25 | $8.9M | $4.5M | ||
| Q3 25 | $9.8M | $149.9M | ||
| Q2 25 | $-9.5M | $23.5M | ||
| Q1 25 | $-1.8M | $-79.1M | ||
| Q4 24 | $23.4M | $-28.7M | ||
| Q3 24 | $8.4M | $184.4M | ||
| Q2 24 | $-2.6M | $-19.7M |
| Q1 26 | — | — | ||
| Q4 25 | 10.9% | 2.9% | ||
| Q3 25 | 11.9% | 74.9% | ||
| Q2 25 | -11.7% | 17.8% | ||
| Q1 25 | -2.5% | -59.3% | ||
| Q4 24 | 31.5% | -24.4% | ||
| Q3 24 | 10.7% | 117.6% | ||
| Q2 24 | -3.5% | -19.0% |
| Q1 26 | — | — | ||
| Q4 25 | 2.6% | 0.2% | ||
| Q3 25 | 1.1% | 0.1% | ||
| Q2 25 | 1.3% | 0.4% | ||
| Q1 25 | 0.0% | 0.1% | ||
| Q4 24 | 1.1% | 0.1% | ||
| Q3 24 | 0.0% | 0.1% | ||
| Q2 24 | 0.1% | 0.3% |
| Q1 26 | — | — | ||
| Q4 25 | 1.06× | 148.06× | ||
| Q3 25 | 0.77× | 5.07× | ||
| Q2 25 | -0.61× | — | ||
| Q1 25 | -0.20× | — | ||
| Q4 24 | 1.83× | — | ||
| Q3 24 | 0.59× | 4.75× | ||
| Q2 24 | -0.24× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AMSF
Segment breakdown not available.
FLYW
| Transactions | $126.4M | 80% |
| Platform And Other Revenues | $31.1M | 20% |
