Vanco provides payment processing and financial technology solutions for educational institutions, focusing on school payments, cafeteria services, and administrative tools.

Vanco

Flywire Corporation, together with its subsidiaries, operates as a payment enablement and software company in the United States, Canada, and the United Kingdom, and internationally. Its payment platform and network, and vertical-specific software help clients to get paid and help their customers to pay. The company's platform facilitates payment flows across multiple currencies, payment types, and payment options; and provides direct connections to alternative payment methods, such as Alipay, Boleto, PayPal/Venmo, and Trustly. It serves education, healthcare, travel, and business to business organizations. Flywire Corporation was formerly known as peerTransfer Corporation and changed its name to Flywire Corporation in December 2016. Flywire Corporation was incorporated in 2009 and is headquartered in Boston, Massachusetts.

Iker Marcaide

Flywire Corporation

Nelnet, Inc. engages in loan servicing, communications, education technology, services, and payment processing businesses worldwide. The Loan Servicing and Systems segment provides loan conversion, application processing, borrower updates, customer service, payment processing, due diligence procedures, funds management reconciliation, and claim processing services. This segment also provides student loan servicing software; business process outsourcing services specialized in contact center management, such as inbound calls, outreach campaigns and sales, and interacting with customers through multi-channels. The Education Technology, Services, and Payment Processing segment offers financial management services; school information system software; website design and cost effective admissions software; FACTS Giving, a donation platform; and customized professional development and coaching services, educational instruction services, and technology products that aid in teacher and student evaluations. It also offers tuition payment plans, and service and technology for student billings, payments, and refunds; solutions for in-person, online, and mobile payment experiences on campus; payment processing services, such as credit card and electronic transfer; faith community engagement, giving management, and learning management services and technologies; and an integrated commerce payment platform, financial management, and tuition payment plan services, as well as a school management platform that provides administrative, information management, financial management, and communication functions for K-12 schools. The Communications segment provides fiber optic service to homes and businesses for internet, television, and telephone services. The Asset Generation and Management segment acquires, manages, and owns loan assets. The Nelnet Bank segment operates internet industrial banks. The company was founded in 1978 and is headquartered in Lincoln, Nebraska.

Metric
Company Name	Vanco	Flywire Corporation	Nelnet, Inc.
Symbol		FLYW	NNI
MSH ID	COM:CONNEXEO	COM:FLYWIRE	COM:NELNET
Market	PRIVATE	STOCKS	STOCKS
Sector	Financial Services & Finance	Technology	Financial Services
Industry	Financial Technology	Information Technology Services	Financial - Credit Services
Country	US	US	US
Stage
Employee Count		1.20K	7.55K
Website	connexeo.com	flywire.com	nelnet.com
LinkedIn		flywire
Founders

Metric
Market Cap	1.99B	3.72B
Enterprise Value
Monthly Web Traffic		2.22M
Web Traffic Growth		-0.04
Valuation
Raised Capital

Metric
Revenue	403.09M	2.13B
Revenue (LTM)
Revenue (NTM)
Gross Profit	255.75M	1.83B
EBITDA	11.78M	1.09B
Operating Income	-21.52M	1.01B
Net Income	-8.57M	91.53M
EPS	-0.07	2.39
Diluted EPS	-0.07	2.39
Revenue 2022
Revenue 2023
Revenue 2024
Revenue 2025
Revenue 2026

Metric
Revenue Growth (LTM)
Revenue Growth (NTM)
Gross Profit Growth (LTM)
EBITDA Growth (LTM)
Net Income Growth (LTM)
14-Day Growth Score
28-Day Growth Score
90-Day Growth Score
365-Day Growth Score

Metric
Gross Profit Margin	0.72	0.80
Operating Profit Margin	-0.04	0.36
EBITDA Margin	0.03	0.51
Net Profit Margin	-0.02	0.11
Return on Equity	-0.01	0.05
Return on Assets	-0.01	0.01
Return on Capital Employed	-0.02	0.05

CONN

COM:CONNEXEO

Vanco

Company Overview

Market Metrics

Financial Performance

Growth Metrics

Profitability Ratios

Valuation Multiples

Operational Metrics

Cash Flow Metrics

Balance Sheet Metrics

Efficiency Metrics

Metric
P/E Ratio	-228.22	25.37
P/B Ratio	3.23	1.01
Revenue Multiple (LTM)
Revenue Multiple (NTM)
EBITDA Multiple (LTM)
EBITDA Multiple (NTM)
Price to Sales Ratio	7.33	2.81
EV Multiple	275.74	3.33

Metric
Days Sales Outstanding	102.45	65.64
Days Payables Outstanding	45.77	30.28
Days Inventory Outstanding	0.00
Operating Cycle	129.35	6.49K
Cash Conversion Cycle	-180.36	6.49K
Asset Turnover	0.44	0.13

Metric
Operating Cash Flow	80.63M	432.90M
Free Cash Flow	74.61M	358.85M
Cash Flow to Debt	55.03	0.06
Operating Cash Flow/Sales	0.20	0.33
Free Cash Flow Yield	0.02	0.09

Metric
Cash & Equivalents	654.61M	1.03B
Accounts Receivable	-58.45M	45.86M
Inventory
Goodwill	121.65M	158.03M
Debt to Capitalization	0.00	0.78
Debt to Assets	-38.77	0.70
Current Ratio	3.97	17.06
Quick Ratio	4.05	21.29

Metric
Rule of 40 (LTM)
Rule of 40 (NTM)
Stock Comp to Revenue	0.10	0.02
R&D to Revenue	0.15
SG&A to Revenue	0.26	0.58