Financial Performance - Flywire (FLYW) reported break-even quarterly earnings per share, surpassing the Zacks Consensus Estimate of a loss of $0.01, compared to a loss of $0.12 per share a year ago, representing an earnings surprise of +100.00% [1] - The company posted revenues of $152.7 million for the quarter ended December 2025, exceeding the Zacks Consensus Estimate by 6.17%, and up from $112.8 million year-over-year [2] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.02 on revenues of $154.41 million, and for the current fiscal year, it is $0.28 on revenues of $686.21 million [7] - The estimate revisions trend for Flywire was unfavorable prior to the earnings release, resulting in a Zacks Rank 4 (Sell) for the stock, indicating expected underperformance in the near future [6] Industry Context - The Internet - Software industry, to which Flywire belongs, is currently in the top 38% of over 250 Zacks industries, suggesting that companies in the top 50% outperform those in the bottom 50% by more than 2 to 1 [8] - Another company in the same industry, PubMatic, is expected to report a quarterly earnings decline of -61% year-over-year, with revenues projected to decrease by 12.2% from the previous year [9]

Financial Data and Key Metrics Changes - In Q4 2025, revenue reached $152.7 million, growing 32.6% on an FX neutral basis, with FX neutral organic growth of 20% excluding Sertifi [23][24] - Adjusted gross profit was $93.7 million, up nearly 24% year-over-year, with an adjusted gross margin of 61.3% [25] - Adjusted EBITDA margin expanded to 16.6%, increasing 190 basis points year-over-year [25] Business Line Data and Key Metrics Changes - Education revenue is primarily driven by enterprise clients, with revenue churn below 1% [7][17] - Travel revenue is growing significantly, with payment volume nearly doubling year-over-year since the Sertifi acquisition [19] - Healthcare solutions are expanding, with new client wins such as Jackson Health System and Cleveland Clinic [20] Market Data and Key Metrics Changes - Approximately 90% of education revenue and over 70% of travel revenue come from enterprise clients [7] - More than 50% of new education clients in 2025 were signed outside traditional Big Four markets, with revenue from these markets growing over 30% year-over-year [18][22] - The company expects U.S. education revenue to grow low single digits, with cross-border revenue modestly down due to visa assumptions [29] Company Strategy and Development Direction - The company is focused on transforming into a more scalable and efficient organization, emphasizing product and platform innovation [11][12] - A unified modular architecture is being developed to increase development velocity and support margin expansion [12] - The strategy includes targeting larger clients and higher value deals, enhancing sales productivity and lifetime value per client [13][22] Management's Comments on Operating Environment and Future Outlook - Management remains prudent regarding macroeconomic conditions, particularly in the U.S. and Australia, with a focus on maintaining strong execution [39][41] - The company anticipates continued growth in 2026, with revenue growth expected to be approximately 15%-21% on an FX neutral basis [27] - Management expects to achieve 24%-25% adjusted EBITDA margin for 2027, supported by disciplined expense management and capital allocation [32] Other Important Information - The company has a strong balance sheet with a $200 million net cash position and has deployed $118 million towards share buybacks [26] - The focus on AI and automation is expected to enhance operational efficiency and support long-term growth [15][26] Q&A Session Summary Question: Insights on U.S. and Australia macro assumptions - Management emphasized a prudent approach to visa assumptions, noting a 30% expected decline in U.S. first-year visas while observing strong retention and higher tuition payments [39][40] Question: Details on SFS and non-Big Four opportunities - Management reported a threefold increase in ARR from SFS, with strong pipeline opportunities, particularly in the U.S. and U.K. [42][44] Question: Growth in larger deals and ARR per transaction - Management confirmed growth in average deal size across various verticals, targeting larger clients and full suite presentations [47][48] Question: M&A opportunities and capital allocation - Management indicated a focus on disciplined capital deployment, including share buybacks and monitoring potential M&A opportunities that fit their core strategy [50][51] Question: Performance in Canada and overall guidance - Management highlighted strong execution in Canada despite visa declines, with expectations for continued growth driven by client wins [54][56] Question: Travel segment outlook and resource allocation - Management expects travel to grow at or above company average, with significant investments in sales and Sertifi expansion [60] Question: Demand for stablecoin and internal use cases - Management confirmed active testing and processing of stablecoin payments, with hopes for future growth in demand [63] Question: Gross margins and domestic payments impact - Management acknowledged temporary pressure on gross margins due to payment processing ramps but expects normalization in the future [67][70] Question: Healthcare segment growth expectations - Management noted positive signals from recent healthcare wins, particularly with Cleveland Clinic, which is expected to enhance market positioning [74] Question: Education growth outside Big Four markets - Management confirmed significant share gains in non-Big Four markets, with a focus on organizing sales teams to capitalize on these opportunities [77]

Flywire (NasdaqGS:FLYW) Q4 2025 Earnings call February 24, 2026 05:00 PM ET Company ParticipantsCosmin Pitigoi - CFODan Perlin - Managing Director of Payments, Processors, and IT ServicesMasha Kahn - VP of Investor RelationsMichael Infante - VP and FinTech Equity ResearchMike Massaro - CEORob Orgel - President and COOConference Call ParticipantsCharles Nabhan - Managing director and Research AnalystDarrin Peller - Managing Director and Senior Equity AnalystKen Suchoski - US Payments and FinTech AnalystNate ...

Flywire (NasdaqGS:FLYW) Q4 2025 Earnings call February 24, 2026 05:00 PM ET Speaker9Good day. Thank you for standing by. Welcome to the Flywire Fourth Quarter 2025 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question-and-answer session. To ask a question during the session, you will need to press star 1 1 on your telephone. You will hear an automated message advising your hand is raised. To withdraw your question, plea ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission File Number 001-40430 FLYWIRE CORPORATION (Exact name of registrant as specified in its charter) Delaware 27-0690799 (State or other jurisdiction of ...

4Q 2025 Earnings Supplement February 24, 2026 Disclosures This presentation includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical facts contained in this presentation, including statements regarding the outcome of the operational and portfolio reviews, the costs, cash outlays, benefits, timing and financial impacts of the actions that ...

Fourth Quarter Revenue Increased 34.0% Year-over-Year Fourth Quarter Revenue Less Ancillary Services Increased 35.3% Year-over-Year Company Provides First Quarter and Fiscal-Year 2026 Outlook Exhibit 99.1 Flywire Reports Fourth Quarter and Fiscal-Year 2025 Financial Results Boston, MA – February 24, 2025: Flywire Corporation (Nasdaq: FLYW) ("Flywire" or the "Company"), a global payments enablement and software company, today reported financial results for its fourth quarter and fiscal-year ended December 31 ...

Fourth Quarter Revenue Increased 34.0% Year-over-Year Fourth Quarter Revenue Less Ancillary Services Increased 35.3% Year-over-Year Company Provides First Quarter and Fiscal-Year 2026 Outlook BOSTON, Feb. 24, 2026 (GLOBE NEWSWIRE) -- Flywire Corporation (Nasdaq: FLYW) (“Flywire” or the “Company”), a global payments enablement and software company, today reported financial results for its fourth quarter and fiscal-year ended December 31, 2025. “Flywire delivered a strong fourth quarter, further validating th ...

Core Insights - Flywire Corporation has appointed Patrick Blanc as Chief Technology Officer to lead its global engineering and technology strategy, enhancing its AI-first engineering approach and scaling to meet client demand [1][2][3] Company Overview - Flywire is a global payments enablement and software company that combines a proprietary global payments network with next-gen payments platform and vertical-specific software to facilitate complex payments for clients [4] - The company supports over 4,900 clients with diverse payment methods in more than 140 currencies across 240 countries and territories [5] Leadership Changes - Patrick Blanc's appointment comes as David King transitions to a new role as Chief Product Officer and Co-President of Global Education, highlighting Flywire's commitment to product innovation and scaling software capabilities [3]

Group 1 - Flywire Corporation (NASDAQ:FLYW) is identified as one of the 9 small-cap software infrastructure stocks with significant upside potential, with a price target increase from $16 to $17 by Truist analyst Matthew Coad, indicating an upside potential of almost 58% [1] - Stephens analyst Charles Nabhan upgraded Flywire from Equal Weight to Overweight, raising the price target from $17 to $19, which reflects an upside of more than 76% [2] - The company specializes in payments enablement and software, facilitating both cross-border and domestic transactions, and offers vertical-specific software for B2B payment needs across various segments [3] Group 2 - Analysts express a positive outlook for the FinTech sector in 2026, with Coad noting that some companies may need to adjust expectations below initial guidance [1] - Nabhan highlights a favorable higher education environment as a growth driver for Flywire, alongside the stock's low valuation and recent outperformance [2]