What Makes Flywire Corporation (FLYW) a Significant Buying Opportunity?

In its third-quarter 2025 capitalist letter, Voss Capital highlighted stocks specified arsenic Flywire Corporation (NASDAQ:FLYW). Headquartered successful Boston, Massachusetts, Flywire Corporation (NASDAQ:FLYW) is simply a payments enablement and bundle company. The one-month instrumentality of Flywire Corporation (NASDAQ:FLYW) was -0.22%, and its shares mislaid 39.30% of their worth implicit the past 52 weeks. On December 01, 2025, Flywire Corporation (NASDAQ:FLYW) banal closed astatine $13.78 per share, with a marketplace capitalization of $1.685 billion.

Voss Capital stated the pursuing regarding Flywire Corporation (NASDAQ:FLYW) successful its 3rd 4th 2025 capitalist letter:

"Our condemnation successful Flywire Corporation (NASDAQ:FLYW) remains precocious (~10% position, the largest successful the portfolio). The institution has gotten backmost connected a “beat and raise” cadence for 3 consecutive quarters present and we presumption the ongoing divergence betwixt the company’s fundamentals and its banal terms arsenic a important buying opportunity; portion the stock terms has languished, estimates are moving sharply higher pursuing a ~8% gross bushed successful the astir caller quarter. The statement carnivore lawsuit is inactive chock-full of mendacious fears that planetary pupil enrollment caps—similar to caller disruptions successful Canada and Australia—will plague Flywire’s largest acquisition markets, the US and UK. However, our variant presumption suggests these risks stay drastically overpriced. Our investigation shows that adjacent a terrible 25% diminution successful first-year US students would interaction full institution gross by lone ~2%, and we enactment that the UK concern is really increasing ~40% contempt immoderate restrictions having already been successful spot (they are rapidly taking marketplace share). New integrations with the largest ERP systems that UK universities usage is broadening the TAM for their Student Financial Services (SFS) platform, which not lone increases the pupil colonisation utilizing Flywire, but it besides adds lucrative caller gross enactment items similar Payment Plans and mostly helps with wide pupil retention. The UK’s ongoing beardown growth, with guidance for more, besides undermines different Bear constituent we person heard postured, which is that Flywire is bumping up against its TAM limits and the maturation runway is limited. If your astir mature marketplace tin proceed to turn successful the 30 40% range, and you are conscionable present moving into the “land” abstraction successful galore different European markets, we would reason the accidental to “expand” remains alternatively robust. Furthermore, the institution is uncovering their operational groove successful their different markets arsenic well, with their healthcare concern expected to importantly accelerate successful 2026 disconnected the backmost of aggregate ample declaration wins, and their emerging B2B concern increasing “over 70%” for the 2nd consecutive year.