FLYW
Flywire Corporation14.58
+0.24+1.67%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Reaffirms script, prudent visa offsets
Q&A largely reaffirmed the prepared script, with management doubling down on prudent macro assumptions like 30% US visa drop and flat Australia visas, offset by domestic gains, new clients, and 3x SFS ARR growth from 13 full-suite wins. No contradictions, but they flagged temporary gross margin hits from Cleveland Clinic and B2B ramps, stressing gross profit dollar expansion. Stablecoin payments went live with early testing; healthcare pipeline surges on Cleveland's signal. Buybacks lead capital allocation amid stock dislocation. Management stays execution-focused. Watch macro offsets and margin normalization.
Key Stats
Market Cap
1.78BP/E (TTM)
-Basic EPS (TTM)
-0.02Dividend Yield
0%Recent Filings
8-K
10-K
FY2025 results
Flywire Corporation delivered FY2025 revenue of $623M, up 26.6% y/y, with total payment volume surging 26.4% to $37.6B amid strong demand across education, healthcare, travel, and B2B verticals—yet Q4 momentum softened as Canadian and Australian student visa caps curbed cross-border flows. Acquisitions of Sertifi ($330M) and Invoiced fueled 47% platform revenue growth to $120M, but drove margin compression to 59.6% as domestic/card mix rose; net income hit $13.5M. Q4 accelerated sequentially from Q3 on optimized routing, while $300M buyback deployed $73M. Cash at $330M funds $300M revolver capacity. Visa policy shifts threaten quarterly education volumes.
8-K
Q4 revenue beats, 2026 guide
Flywire crushed Q4 with revenue up 34.0% to $157.5M and Revenue Less Ancillary Services surging 35.3% to $152.7M, fueled by 35.6% payment volume growth to $9.3B. Adjusted EBITDA hit $25.4M at 16.6% margin, while repaying all Sertifi debt and buying back shares. Guides 15-21% FX-neutral RLAS growth in 2026. Leadership sharpened: Blanc named CTO.
8-K
Flywire shifts CTO to product role
Flywire reshuffled leadership on January 13, 2026, shifting CTO David King since 2019 into the new Chief Product Officer & Co-President of Global Education role, overseeing software strategy across verticals with Education focus. King stays CTO until a successor arrives. Company hunts new CTO for payments platform expertise. No comp changes.
10-Q
Q3 FY2025 results
Flywire posted Q3 revenue of $200.1M, up 27.6% y/y from $156.8M, fueled by 26.4% payment volume growth to $13.9B and Sertifi's post-Feb 2025 close adding $12.9M ($7.8M platform/$5.1M transactional). Operating income hit $32.3M (vs $20.3M y/y), diluted EPS $0.23 (vs $0.30), reconciling to 127.7M shares; YTD revenue $465.5M (+24.3% y/y), net income $13.5M (vs $18.8M). Cash fell to $354.9M after $325M Sertifi cash deal (net $324.9M) and $63M buybacks, offset by $95M OCF; $15M debt remains (due 2029), $285M revolver available. OCF $95M YTD (capex $6.8M, no FCF disclosed). Visa caps and H-1B fees crimp education flows.
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