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Side-by-side financial comparison of Flywire Corp (FLYW) and Piedmont Realty Trust, Inc. (PDM). Click either name above to swap in a different company.
Flywire Corp is the larger business by last-quarter revenue ($157.5M vs $143.3M, roughly 1.1× Piedmont Realty Trust, Inc.). Flywire Corp runs the higher net margin — 0.0% vs -31.4%, a 31.4% gap on every dollar of revenue. On growth, Flywire Corp posted the faster year-over-year revenue change (34.0% vs 0.4%). Over the past eight quarters, Flywire Corp's revenue compounded faster (17.5% CAGR vs 0.0%).
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.
Piedmont Realty Trust, Inc. is a publicly traded real estate investment trust (REIT) that owns, operates, and invests in high-quality office properties primarily located in high-growth metropolitan areas across the United States. It serves corporate tenants across multiple industry sectors including technology, professional services, and healthcare, and pursues stable long-term returns for stakeholders via strategic property management and portfolio optimization.
FLYW vs PDM — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $157.5M | $143.3M |
| Net Profit | $33.0K | $-45.0M |
| Gross Margin | — | — |
| Operating Margin | -0.6% | — |
| Net Margin | 0.0% | -31.4% |
| Revenue YoY | 34.0% | 0.4% |
| Net Profit YoY | 100.2% | -27.9% |
| EPS (diluted) | $0.01 | $-0.10 |
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 | — | $143.3M | ||
| Q4 25 | $157.5M | $142.9M | ||
| Q3 25 | $200.1M | $139.2M | ||
| Q2 25 | $131.9M | $140.3M | ||
| Q1 25 | $133.5M | $142.7M | ||
| Q4 24 | $117.5M | $143.2M | ||
| Q3 24 | $156.8M | $139.3M | ||
| Q2 24 | $103.7M | $143.3M |
| Q1 26 | — | $-45.0M | ||
| Q4 25 | $33.0K | $-43.2M | ||
| Q3 25 | $29.6M | $-13.5M | ||
| Q2 25 | $-12.0M | $-16.8M | ||
| Q1 25 | $-4.2M | $-10.1M | ||
| Q4 24 | $-15.9M | $-30.0M | ||
| Q3 24 | $38.9M | $-11.5M | ||
| Q2 24 | $-13.9M | $-9.8M |
| Q1 26 | — | — | ||
| Q4 25 | -0.6% | — | ||
| Q3 25 | 16.1% | — | ||
| Q2 25 | -6.8% | — | ||
| Q1 25 | -8.2% | — | ||
| Q4 24 | -4.9% | — | ||
| Q3 24 | 12.9% | — | ||
| Q2 24 | -15.2% | — |
| Q1 26 | — | -31.4% | ||
| Q4 25 | 0.0% | -30.3% | ||
| Q3 25 | 14.8% | -9.7% | ||
| Q2 25 | -9.1% | -12.0% | ||
| Q1 25 | -3.1% | -7.1% | ||
| Q4 24 | -13.5% | -20.9% | ||
| Q3 24 | 24.8% | -8.3% | ||
| Q2 24 | -13.4% | -6.8% |
| Q1 26 | — | $-0.10 | ||
| Q4 25 | $0.01 | $-0.34 | ||
| Q3 25 | $0.23 | $-0.11 | ||
| Q2 25 | $-0.10 | $-0.14 | ||
| Q1 25 | $-0.03 | $-0.08 | ||
| Q4 24 | $-0.12 | $-0.25 | ||
| Q3 24 | $0.30 | $-0.09 | ||
| Q2 24 | $-0.11 | $-0.08 |
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 | $2.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $835.2M | $1.5B |
| Total Assets | $1.3B | $4.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $2.3M | ||
| Q4 25 | $355.0M | $731.0K | ||
| Q3 25 | $377.3M | $3.0M | ||
| Q2 25 | $274.2M | $3.3M | ||
| Q1 25 | $255.3M | $2.9M | ||
| Q4 24 | $611.1M | $109.6M | ||
| Q3 24 | $681.1M | $133.6M | ||
| Q2 24 | $571.0M | $138.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | $2.2B | ||
| Q3 25 | $15.0M | $2.2B | ||
| Q2 25 | $60.0M | $2.2B | ||
| Q1 25 | $60.0M | $2.2B | ||
| Q4 24 | $0 | $2.2B | ||
| Q3 24 | — | $2.2B | ||
| Q2 24 | — | $2.2B |
| Q1 26 | — | $1.5B | ||
| Q4 25 | $835.2M | $1.5B | ||
| Q3 25 | $829.1M | $1.5B | ||
| Q2 25 | $792.4M | $1.5B | ||
| Q1 25 | $784.3M | $1.6B | ||
| Q4 24 | $814.8M | $1.6B | ||
| Q3 24 | $843.2M | $1.6B | ||
| Q2 24 | $802.6M | $1.7B |
| Q1 26 | — | $4.0B | ||
| Q4 25 | $1.3B | $4.0B | ||
| Q3 25 | $1.3B | $4.0B | ||
| Q2 25 | $1.1B | $4.0B | ||
| Q1 25 | $1.1B | $4.0B | ||
| Q4 24 | $1.1B | $4.1B | ||
| Q3 24 | $1.2B | $4.1B | ||
| Q2 24 | $998.7M | $4.2B |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.49× | ||
| Q3 25 | 0.02× | 1.43× | ||
| Q2 25 | 0.08× | 1.41× | ||
| Q1 25 | 0.08× | 1.40× | ||
| Q4 24 | 0.00× | 1.40× | ||
| Q3 24 | — | 1.36× | ||
| Q2 24 | — | 1.34× |
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% | 110.3% |
| 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 | $4.9M | $140.6M | ||
| Q3 25 | $150.1M | $35.8M | ||
| Q2 25 | $24.1M | $50.1M | ||
| Q1 25 | $-78.9M | $3.7M | ||
| Q4 24 | $-28.6M | $198.1M | ||
| Q3 24 | $184.6M | $42.9M | ||
| Q2 24 | $-19.3M | $66.8M |
| Q1 26 | — | — | ||
| Q4 25 | $4.5M | — | ||
| Q3 25 | $149.9M | — | ||
| Q2 25 | $23.5M | — | ||
| Q1 25 | $-79.1M | — | ||
| Q4 24 | $-28.7M | — | ||
| Q3 24 | $184.4M | — | ||
| Q2 24 | $-19.7M | — |
| Q1 26 | — | — | ||
| Q4 25 | 2.9% | — | ||
| Q3 25 | 74.9% | — | ||
| Q2 25 | 17.8% | — | ||
| Q1 25 | -59.3% | — | ||
| Q4 24 | -24.4% | — | ||
| Q3 24 | 117.6% | — | ||
| Q2 24 | -19.0% | — |
| Q1 26 | — | 110.3% | ||
| Q4 25 | 0.2% | — | ||
| Q3 25 | 0.1% | — | ||
| Q2 25 | 0.4% | — | ||
| Q1 25 | 0.1% | — | ||
| Q4 24 | 0.1% | — | ||
| Q3 24 | 0.1% | — | ||
| Q2 24 | 0.3% | — |
| Q1 26 | — | — | ||
| Q4 25 | 148.06× | — | ||
| Q3 25 | 5.07× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 4.75× | — | ||
| Q2 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% |
PDM
Segment breakdown not available.
