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Side-by-side financial comparison of Flywire Corp (FLYW) and ZIPRECRUITER, INC. (ZIP). Click either name above to swap in a different company.
Flywire Corp is the larger business by last-quarter revenue ($157.5M vs $111.7M, roughly 1.4× ZIPRECRUITER, INC.). Flywire Corp runs the higher net margin — 0.0% vs -0.7%, a 0.8% gap on every dollar of revenue. On growth, Flywire Corp posted the faster year-over-year revenue change (34.0% vs 0.6%). ZIPRECRUITER, INC. produced more free cash flow last quarter ($7.6M vs $4.5M). Over the past eight quarters, Flywire Corp's revenue compounded faster (17.5% CAGR vs -4.4%).
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.
ZipRecruiter, Inc. is an American employment marketplace for job seekers and employers.
FLYW vs ZIP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $157.5M | $111.7M |
| Net Profit | $33.0K | $-835.0K |
| Gross Margin | — | 89.1% |
| Operating Margin | -0.6% | 3.6% |
| Net Margin | 0.0% | -0.7% |
| Revenue YoY | 34.0% | 0.6% |
| Net Profit YoY | 100.2% | 92.3% |
| EPS (diluted) | $0.01 | $-0.03 |
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 | $111.7M | ||
| Q3 25 | $200.1M | $115.0M | ||
| Q2 25 | $131.9M | $112.2M | ||
| Q1 25 | $133.5M | $110.1M | ||
| Q4 24 | $117.5M | $111.0M | ||
| Q3 24 | $156.8M | $117.1M | ||
| Q2 24 | $103.7M | $123.7M | ||
| Q1 24 | $114.1M | $122.2M |
| Q4 25 | $33.0K | $-835.0K | ||
| Q3 25 | $29.6M | $-9.8M | ||
| Q2 25 | $-12.0M | $-9.5M | ||
| Q1 25 | $-4.2M | $-12.8M | ||
| Q4 24 | $-15.9M | $-10.8M | ||
| Q3 24 | $38.9M | $-2.6M | ||
| Q2 24 | $-13.9M | $7.0M | ||
| Q1 24 | $-6.2M | $-6.5M |
| Q4 25 | — | 89.1% | ||
| Q3 25 | — | 89.1% | ||
| Q2 25 | — | 89.3% | ||
| Q1 25 | — | 89.4% | ||
| Q4 24 | — | 89.6% | ||
| Q3 24 | — | 89.4% | ||
| Q2 24 | — | 89.5% | ||
| Q1 24 | — | 89.1% |
| Q4 25 | -0.6% | 3.6% | ||
| Q3 25 | 16.1% | -4.4% | ||
| Q2 25 | -6.8% | -5.9% | ||
| Q1 25 | -8.2% | -10.6% | ||
| Q4 24 | -4.9% | -3.6% | ||
| Q3 24 | 12.9% | -2.8% | ||
| Q2 24 | -15.2% | 7.6% | ||
| Q1 24 | -5.2% | -0.7% |
| Q4 25 | 0.0% | -0.7% | ||
| Q3 25 | 14.8% | -8.5% | ||
| Q2 25 | -9.1% | -8.5% | ||
| Q1 25 | -3.1% | -11.7% | ||
| Q4 24 | -13.5% | -9.7% | ||
| Q3 24 | 24.8% | -2.2% | ||
| Q2 24 | -13.4% | 5.7% | ||
| Q1 24 | -5.4% | -5.3% |
| Q4 25 | $0.01 | $-0.03 | ||
| Q3 25 | $0.23 | $-0.11 | ||
| Q2 25 | $-0.10 | $-0.10 | ||
| Q1 25 | $-0.03 | $-0.13 | ||
| Q4 24 | $-0.12 | $-0.10 | ||
| Q3 24 | $0.30 | $-0.03 | ||
| Q2 24 | $-0.11 | $0.07 | ||
| Q1 24 | $-0.05 | $-0.07 |
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 | $188.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $835.2M | $-77.2M |
| Total Assets | $1.3B | $569.7M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $355.0M | $188.0M | ||
| Q3 25 | $377.3M | $211.8M | ||
| Q2 25 | $274.2M | $203.5M | ||
| Q1 25 | $255.3M | $221.1M | ||
| Q4 24 | $611.1M | $218.4M | ||
| Q3 24 | $681.1M | $225.6M | ||
| Q2 24 | $571.0M | $271.7M | ||
| Q1 24 | $619.0M | $282.5M |
| 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 | $-77.2M | ||
| Q3 25 | $829.1M | $-76.1M | ||
| Q2 25 | $792.4M | $-65.9M | ||
| Q1 25 | $784.3M | $-11.3M | ||
| Q4 24 | $814.8M | $13.4M | ||
| Q3 24 | $843.2M | $13.6M | ||
| Q2 24 | $802.6M | $24.4M | ||
| Q1 24 | $-797.0M | $12.7M |
| Q4 25 | $1.3B | $569.7M | ||
| Q3 25 | $1.3B | $573.6M | ||
| Q2 25 | $1.1B | $592.4M | ||
| Q1 25 | $1.1B | $629.4M | ||
| Q4 24 | $1.1B | $664.1M | ||
| Q3 24 | $1.2B | $652.0M | ||
| Q2 24 | $998.7M | $665.3M | ||
| Q1 24 | $998.7M | $662.4M |
| 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 | $7.7M |
| Free Cash FlowOCF − Capex | $4.5M | $7.6M |
| FCF MarginFCF / Revenue | 2.9% | 6.8% |
| Capex IntensityCapex / Revenue | 0.2% | 0.1% |
| Cash ConversionOCF / Net Profit | 148.06× | — |
| TTM Free Cash FlowTrailing 4 quarters | $98.8M | $9.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.9M | $7.7M | ||
| Q3 25 | $150.1M | $2.6M | ||
| Q2 25 | $24.1M | $10.5M | ||
| Q1 25 | $-78.9M | $-9.9M | ||
| Q4 24 | $-28.6M | $12.5M | ||
| Q3 24 | $184.6M | $9.3M | ||
| Q2 24 | $-19.3M | $21.9M | ||
| Q1 24 | $-38.1M | $2.0M |
| Q4 25 | $4.5M | $7.6M | ||
| Q3 25 | $149.9M | $2.2M | ||
| Q2 25 | $23.5M | $10.2M | ||
| Q1 25 | $-79.1M | $-10.2M | ||
| Q4 24 | $-28.7M | $12.0M | ||
| Q3 24 | $184.4M | $9.2M | ||
| Q2 24 | $-19.7M | $21.7M | ||
| Q1 24 | $-38.3M | $1.9M |
| Q4 25 | 2.9% | 6.8% | ||
| Q3 25 | 74.9% | 1.9% | ||
| Q2 25 | 17.8% | 9.1% | ||
| Q1 25 | -59.3% | -9.3% | ||
| Q4 24 | -24.4% | 10.8% | ||
| Q3 24 | 117.6% | 7.8% | ||
| Q2 24 | -19.0% | 17.6% | ||
| Q1 24 | -33.6% | 1.6% |
| Q4 25 | 0.2% | 0.1% | ||
| Q3 25 | 0.1% | 0.3% | ||
| Q2 25 | 0.4% | 0.3% | ||
| Q1 25 | 0.1% | 0.3% | ||
| Q4 24 | 0.1% | 0.4% | ||
| Q3 24 | 0.1% | 0.2% | ||
| Q2 24 | 0.3% | 0.1% | ||
| Q1 24 | 0.2% | 0.1% |
| Q4 25 | 148.06× | — | ||
| Q3 25 | 5.07× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 4.75× | — | ||
| Q2 24 | — | 3.12× | ||
| 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% |
ZIP
| License | $84.3M | 75% |
| Services | $27.4M | 25% |
