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Side-by-side financial comparison of Flywire Corp (FLYW) and PagerDuty, Inc. (PD). Click either name above to swap in a different company.
Flywire Corp is the larger business by last-quarter revenue ($157.5M vs $124.5M, roughly 1.3× PagerDuty, Inc.). PagerDuty, Inc. runs the higher net margin — 129.7% vs 0.0%, a 129.7% gap on every dollar of revenue. On growth, Flywire Corp posted the faster year-over-year revenue change (34.0% vs 4.7%). PagerDuty, Inc. produced more free cash flow last quarter ($24.1M 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.
PagerDuty, Inc. is an American cloud computing company specializing in a SaaS incident management platform for IT operations departments.
FLYW vs PD — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $157.5M | $124.5M |
| Net Profit | $33.0K | $161.6M |
| Gross Margin | — | 85.3% |
| Operating Margin | -0.6% | 6.5% |
| Net Margin | 0.0% | 129.7% |
| Revenue YoY | 34.0% | 4.7% |
| Net Profit YoY | 100.2% | 2827.7% |
| EPS (diluted) | $0.01 | $1.69 |
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 | $124.5M | ||
| Q3 25 | $200.1M | $123.4M | ||
| Q2 25 | $131.9M | $119.8M | ||
| Q1 25 | $133.5M | $121.4M | ||
| Q4 24 | $117.5M | $118.9M | ||
| Q3 24 | $156.8M | $115.9M | ||
| Q2 24 | $103.7M | $111.2M | ||
| Q1 24 | $114.1M | $111.1M |
| Q4 25 | $33.0K | $161.6M | ||
| Q3 25 | $29.6M | $9.6M | ||
| Q2 25 | $-12.0M | $-7.2M | ||
| Q1 25 | $-4.2M | $-8.8M | ||
| Q4 24 | $-15.9M | $-5.9M | ||
| Q3 24 | $38.9M | $-10.9M | ||
| Q2 24 | $-13.9M | $-17.1M | ||
| Q1 24 | $-6.2M | $-28.2M |
| Q4 25 | — | 85.3% | ||
| Q3 25 | — | 84.6% | ||
| Q2 25 | — | 84.0% | ||
| Q1 25 | — | 83.6% | ||
| Q4 24 | — | 83.0% | ||
| Q3 24 | — | 82.7% | ||
| Q2 24 | — | 82.6% | ||
| Q1 24 | — | 81.7% |
| Q4 25 | -0.6% | 6.5% | ||
| Q3 25 | 16.1% | 2.9% | ||
| Q2 25 | -6.8% | -8.6% | ||
| Q1 25 | -8.2% | -9.6% | ||
| Q4 24 | -4.9% | -8.7% | ||
| Q3 24 | 12.9% | -13.8% | ||
| Q2 24 | -15.2% | -19.5% | ||
| Q1 24 | -5.2% | -30.1% |
| Q4 25 | 0.0% | 129.7% | ||
| Q3 25 | 14.8% | 7.8% | ||
| Q2 25 | -9.1% | -6.0% | ||
| Q1 25 | -3.1% | -7.2% | ||
| Q4 24 | -13.5% | -5.0% | ||
| Q3 24 | 24.8% | -9.4% | ||
| Q2 24 | -13.4% | -15.4% | ||
| Q1 24 | -5.4% | -25.3% |
| Q4 25 | $0.01 | $1.69 | ||
| Q3 25 | $0.23 | $0.10 | ||
| Q2 25 | $-0.10 | $-0.07 | ||
| Q1 25 | $-0.03 | $-0.12 | ||
| Q4 24 | $-0.12 | $-0.07 | ||
| Q3 24 | $0.30 | $-0.14 | ||
| Q2 24 | $-0.11 | $-0.26 | ||
| Q1 24 | $-0.05 | $-0.34 |
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 | $547.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $835.2M | $320.5M |
| Total Assets | $1.3B | $1.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $355.0M | $547.8M | ||
| Q3 25 | $377.3M | $567.9M | ||
| Q2 25 | $274.2M | $597.1M | ||
| Q1 25 | $255.3M | $570.8M | ||
| Q4 24 | $611.1M | $542.2M | ||
| Q3 24 | $681.1M | $599.3M | ||
| Q2 24 | $571.0M | $592.8M | ||
| Q1 24 | $619.0M | $571.2M |
| Q4 25 | — | — | ||
| Q3 25 | $15.0M | — | ||
| Q2 25 | $60.0M | — | ||
| Q1 25 | $60.0M | $484.5M | ||
| Q4 24 | $0 | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $489.5M |
| Q4 25 | $835.2M | $320.5M | ||
| Q3 25 | $829.1M | $180.7M | ||
| Q2 25 | $792.4M | $145.7M | ||
| Q1 25 | $784.3M | $129.8M | ||
| Q4 24 | $814.8M | $111.6M | ||
| Q3 24 | $843.2M | $164.7M | ||
| Q2 24 | $802.6M | $174.0M | ||
| Q1 24 | $-797.0M | $171.6M |
| Q4 25 | $1.3B | $1.0B | ||
| Q3 25 | $1.3B | $891.5M | ||
| Q2 25 | $1.1B | $926.8M | ||
| Q1 25 | $1.1B | $927.3M | ||
| Q4 24 | $1.1B | $866.8M | ||
| Q3 24 | $1.2B | $916.0M | ||
| Q2 24 | $998.7M | $924.0M | ||
| Q1 24 | $998.7M | $925.3M |
| Q4 25 | — | — | ||
| Q3 25 | 0.02× | — | ||
| Q2 25 | 0.08× | — | ||
| Q1 25 | 0.08× | 3.73× | ||
| Q4 24 | 0.00× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 2.85× |
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 | $24.8M |
| Free Cash FlowOCF − Capex | $4.5M | $24.1M |
| FCF MarginFCF / Revenue | 2.9% | 19.3% |
| Capex IntensityCapex / Revenue | 0.2% | 0.6% |
| Cash ConversionOCF / Net Profit | 148.06× | 0.15× |
| TTM Free Cash FlowTrailing 4 quarters | $98.8M | $117.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.9M | $24.8M | ||
| Q3 25 | $150.1M | $34.0M | ||
| Q2 25 | $24.1M | $30.7M | ||
| Q1 25 | $-78.9M | $31.4M | ||
| Q4 24 | $-28.6M | $22.1M | ||
| Q3 24 | $184.6M | $35.8M | ||
| Q2 24 | $-19.3M | $28.6M | ||
| Q1 24 | $-38.1M | $22.2M |
| Q4 25 | $4.5M | $24.1M | ||
| Q3 25 | $149.9M | $33.1M | ||
| Q2 25 | $23.5M | $30.2M | ||
| Q1 25 | $-79.1M | $30.3M | ||
| Q4 24 | $-28.7M | $21.5M | ||
| Q3 24 | $184.4M | $35.1M | ||
| Q2 24 | $-19.7M | $28.2M | ||
| Q1 24 | $-38.3M | $21.2M |
| Q4 25 | 2.9% | 19.3% | ||
| Q3 25 | 74.9% | 26.8% | ||
| Q2 25 | 17.8% | 25.2% | ||
| Q1 25 | -59.3% | 24.9% | ||
| Q4 24 | -24.4% | 18.1% | ||
| Q3 24 | 117.6% | 30.3% | ||
| Q2 24 | -19.0% | 25.4% | ||
| Q1 24 | -33.6% | 19.1% |
| Q4 25 | 0.2% | 0.6% | ||
| Q3 25 | 0.1% | 0.7% | ||
| Q2 25 | 0.4% | 0.4% | ||
| Q1 25 | 0.1% | 0.9% | ||
| Q4 24 | 0.1% | 0.5% | ||
| Q3 24 | 0.1% | 0.5% | ||
| Q2 24 | 0.3% | 0.4% | ||
| Q1 24 | 0.2% | 0.9% |
| Q4 25 | 148.06× | 0.15× | ||
| Q3 25 | 5.07× | 3.55× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 4.75× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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% |
PD
| US | $88.8M | 71% |
| Non Us | $35.7M | 29% |
