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Side-by-side financial comparison of Flywire Corp (FLYW) and Grand Canyon Education, Inc. (LOPE). Click either name above to swap in a different company.
Grand Canyon Education, Inc. is the larger business by last-quarter revenue ($308.1M vs $157.5M, roughly 2.0× Flywire Corp). Grand Canyon Education, Inc. runs the higher net margin — 28.1% vs 0.0%, a 28.1% gap on every dollar of revenue. On growth, Flywire Corp posted the faster year-over-year revenue change (34.0% vs 5.3%). Grand Canyon Education, Inc. produced more free cash flow last quarter ($122.9M vs $4.5M). Over the past eight quarters, Flywire Corp's revenue compounded faster (17.5% CAGR vs 5.9%).
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.
Grand Canyon Education, Inc. (GCE) is an American for-profit corporation that provides services to universities, specializing in program development, online education, and operational support. Formerly affiliated with Grand Canyon University (GCU), a Christian university in Arizona, GCE became a separate publicly traded company in 2008.
FLYW vs LOPE — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $157.5M | $308.1M |
| Net Profit | $33.0K | $86.7M |
| Gross Margin | — | — |
| Operating Margin | -0.6% | 35.1% |
| Net Margin | 0.0% | 28.1% |
| Revenue YoY | 34.0% | 5.3% |
| Net Profit YoY | 100.2% | 5.9% |
| EPS (diluted) | $0.01 | $3.13 |
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.
| Q4 25 | $157.5M | $308.1M | ||
| Q3 25 | $200.1M | $261.1M | ||
| Q2 25 | $131.9M | $247.5M | ||
| Q1 25 | $133.5M | $289.3M | ||
| Q4 24 | $117.5M | $292.6M | ||
| Q3 24 | $156.8M | $238.3M | ||
| Q2 24 | $103.7M | $227.5M | ||
| Q1 24 | $114.1M | $274.7M |
| Q4 25 | $33.0K | $86.7M | ||
| Q3 25 | $29.6M | $16.3M | ||
| Q2 25 | $-12.0M | $41.5M | ||
| Q1 25 | $-4.2M | $71.6M | ||
| Q4 24 | $-15.9M | $81.9M | ||
| Q3 24 | $38.9M | $41.5M | ||
| Q2 24 | $-13.9M | $34.9M | ||
| Q1 24 | $-6.2M | $68.0M |
| Q4 25 | -0.6% | 35.1% | ||
| Q3 25 | 16.1% | 6.9% | ||
| Q2 25 | -6.8% | 20.9% | ||
| Q1 25 | -8.2% | 30.4% | ||
| Q4 24 | -4.9% | 34.2% | ||
| Q3 24 | 12.9% | 20.2% | ||
| Q2 24 | -15.2% | 18.8% | ||
| Q1 24 | -5.2% | 30.8% |
| Q4 25 | 0.0% | 28.1% | ||
| Q3 25 | 14.8% | 6.2% | ||
| Q2 25 | -9.1% | 16.8% | ||
| Q1 25 | -3.1% | 24.8% | ||
| Q4 24 | -13.5% | 28.0% | ||
| Q3 24 | 24.8% | 17.4% | ||
| Q2 24 | -13.4% | 15.3% | ||
| Q1 24 | -5.4% | 24.8% |
| Q4 25 | $0.01 | $3.13 | ||
| Q3 25 | $0.23 | $0.58 | ||
| Q2 25 | $-0.10 | $1.48 | ||
| Q1 25 | $-0.03 | $2.52 | ||
| Q4 24 | $-0.12 | $2.83 | ||
| Q3 24 | $0.30 | $1.42 | ||
| Q2 24 | $-0.11 | $1.19 | ||
| Q1 24 | $-0.05 | $2.29 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $355.0M | $111.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $835.2M | $746.9M |
| Total Assets | $1.3B | $992.3M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $355.0M | $111.8M | ||
| Q3 25 | $377.3M | $97.3M | ||
| Q2 25 | $274.2M | $192.3M | ||
| Q1 25 | $255.3M | $144.5M | ||
| Q4 24 | $611.1M | $324.6M | ||
| Q3 24 | $681.1M | $263.6M | ||
| Q2 24 | $571.0M | $241.3M | ||
| Q1 24 | $619.0M | $196.2M |
| Q4 25 | — | — | ||
| Q3 25 | $15.0M | — | ||
| Q2 25 | $60.0M | — | ||
| Q1 25 | $60.0M | — | ||
| Q4 24 | $0 | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $835.2M | $746.9M | ||
| Q3 25 | $829.1M | $758.0M | ||
| Q2 25 | $792.4M | $778.0M | ||
| Q1 25 | $784.3M | $780.7M | ||
| Q4 24 | $814.8M | $783.9M | ||
| Q3 24 | $843.2M | $764.1M | ||
| Q2 24 | $802.6M | $759.2M | ||
| Q1 24 | $-797.0M | $759.4M |
| Q4 25 | $1.3B | $992.3M | ||
| Q3 25 | $1.3B | $1.0B | ||
| Q2 25 | $1.1B | $1.0B | ||
| Q1 25 | $1.1B | $1.0B | ||
| Q4 24 | $1.1B | $1.0B | ||
| Q3 24 | $1.2B | $992.9M | ||
| Q2 24 | $998.7M | $992.7M | ||
| Q1 24 | $998.7M | $1.0B |
| Q4 25 | — | — | ||
| Q3 25 | 0.02× | — | ||
| Q2 25 | 0.08× | — | ||
| Q1 25 | 0.08× | — | ||
| Q4 24 | 0.00× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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 | $130.5M |
| Free Cash FlowOCF − Capex | $4.5M | $122.9M |
| FCF MarginFCF / Revenue | 2.9% | 39.9% |
| Capex IntensityCapex / Revenue | 0.2% | 2.5% |
| Cash ConversionOCF / Net Profit | 148.06× | 1.50× |
| TTM Free Cash FlowTrailing 4 quarters | $98.8M | $238.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.9M | $130.5M | ||
| Q3 25 | $150.1M | $-48.6M | ||
| Q2 25 | $24.1M | $124.0M | ||
| Q1 25 | $-78.9M | $67.6M | ||
| Q4 24 | $-28.6M | $135.8M | ||
| Q3 24 | $184.6M | $-29.4M | ||
| Q2 24 | $-19.3M | $98.6M | ||
| Q1 24 | $-38.1M | $85.0M |
| Q4 25 | $4.5M | $122.9M | ||
| Q3 25 | $149.9M | $-58.3M | ||
| Q2 25 | $23.5M | $115.4M | ||
| Q1 25 | $-79.1M | $58.7M | ||
| Q4 24 | $-28.7M | $126.1M | ||
| Q3 24 | $184.4M | $-39.0M | ||
| Q2 24 | $-19.7M | $89.6M | ||
| Q1 24 | $-38.3M | $76.0M |
| Q4 25 | 2.9% | 39.9% | ||
| Q3 25 | 74.9% | -22.3% | ||
| Q2 25 | 17.8% | 46.6% | ||
| Q1 25 | -59.3% | 20.3% | ||
| Q4 24 | -24.4% | 43.1% | ||
| Q3 24 | 117.6% | -16.3% | ||
| Q2 24 | -19.0% | 39.4% | ||
| Q1 24 | -33.6% | 27.7% |
| Q4 25 | 0.2% | 2.5% | ||
| Q3 25 | 0.1% | 3.7% | ||
| Q2 25 | 0.4% | 3.5% | ||
| Q1 25 | 0.1% | 3.1% | ||
| Q4 24 | 0.1% | 3.3% | ||
| Q3 24 | 0.1% | 4.0% | ||
| Q2 24 | 0.3% | 3.9% | ||
| Q1 24 | 0.2% | 3.3% |
| Q4 25 | 148.06× | 1.50× | ||
| Q3 25 | 5.07× | -2.99× | ||
| Q2 25 | — | 2.98× | ||
| Q1 25 | — | 0.94× | ||
| Q4 24 | — | 1.66× | ||
| Q3 24 | 4.75× | -0.71× | ||
| Q2 24 | — | 2.83× | ||
| Q1 24 | — | 1.25× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FLYW
| Transactions | $126.4M | 80% |
| Platform And Other Revenues | $31.1M | 20% |
LOPE
Segment breakdown not available.
