Flywire First Quarter 2025 Financial Results [Financial & Business Highlights](index=1&type=section&id=Financial%20%26%20Business%20Highlights) Flywire reported strong Q1 2025 results, driven by significant revenue and payment volume growth, expanded Adjusted EBITDA margins, and new client acquisition Q1 2025 GAAP Financial Highlights (vs. Q1 2024) | Metric | Q1 2025 | Q1 2024 | Change | | :--- | :--- | :--- | :--- | | Revenue | $133.5 million | $114.1 million | +17.0% | | Gross Profit | $80.5 million | $70.4 million | +14.3% | | Gross Margin | 60.3% | 61.7% | -1.4 p.p. | | Net Loss | ($4.2) million | ($6.2) million | Improved | Q1 2025 Key Operating & Non-GAAP Metrics (vs. Q1 2024) | Metric | Q1 2025 | Q1 2024 | Change | | :--- | :--- | :--- | :--- | | Total Payment Volume | $8.4 billion | $7.0 billion | +20.4% | | Revenue Less Ancillary Services | $128.7 million | $110.2 million | +16.8% | | Adjusted EBITDA | $21.6 million | $13.2 million | +63.6% | | Adjusted EBITDA Margin (on RLAS) | 16.8% | 12.0% | +4.8 p.p. | - Signed over **200 new clients**, with strong performance in the Travel and Education verticals[3](index=3&type=chunk)[5](index=5&type=chunk) - Expanded in India by partnering with Avanse (a major non-banking financial company) and the State Bank of India to tap into education loan payment volume[3](index=3&type=chunk)[5](index=5&type=chunk) - Strengthened software integrations with leading ERPs like Ellucian, Workday, and Unit4 for the higher education industry[3](index=3&type=chunk)[5](index=5&type=chunk) - Appointed a Chief Payments Officer to drive product and payment innovation[3](index=3&type=chunk)[5](index=5&type=chunk) [Business Outlook / Guidance](index=3&type=section&id=Business%20Outlook%20%2F%20Guidance) Flywire reaffirmed its full-year 2025 guidance, projecting strong YoY growth in FX-Neutral Revenue Less Ancillary Services and Adjusted EBITDA Margin expansion Fiscal Year 2025 Guidance | Metric | Guidance | | :--- | :--- | | FX-Neutral Revenue Less Ancillary Services Growth | 17-23% YoY | | FX-Neutral Revenue Less Ancillary Services Growth (ex-Sertifi) | 10-14% YoY | | Sertifi Revenue Contribution | $35-40 million | | Adjusted EBITDA Margin Growth | +100-300 bps YoY | Second Quarter 2025 Guidance | Metric | Guidance | | :--- | :--- | | FX-Neutral Revenue Less Ancillary Services Growth | 17-23% YoY | | FX-Neutral Revenue Less Ancillary Services Growth (ex-Sertifi) | 7-11% YoY | | Sertifi Revenue Contribution | $10-12 million | | Adjusted EBITDA Margin Growth | +150-350 bps YoY | - The company is maintaining its **full-year 2025 financial outlook**, citing effective execution, strategic investments, and operational efficiency as drivers for revenue growth and margin expansion, which helps offset macroeconomic challenges[6](index=6&type=chunk) [Corporate Actions](index=4&type=section&id=Corporate%20Actions) The company executed a share repurchase program in Q1 2025, buying back **3.6 million shares** for approximately **$49 million**, with **$57 million** remaining authorized for future repurchases - In Q1 2025, Flywire repurchased **3.6 million shares** of common stock for about **$49 million** (including commissions)[5](index=5&type=chunk) - Approximately **$57 million** remains available in the share repurchase program as of the end of Q1 2025[5](index=5&type=chunk) - The repurchase program is flexible, with no obligation to purchase a specific number of shares, and can be modified or suspended at any time[11](index=11&type=chunk) [Consolidated Financial Statements](index=10&type=section&id=Consolidated%20Financial%20Statements) This section presents the detailed, unaudited GAAP financial statements for Q1 2025 and Q1 2024, including statements of operations, balance sheets, and cash flows [Statements of Operations](index=10&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations%20and%20Comprehensive%20Loss) For Q1 2025, Flywire reported revenue of **$133.5 million**, with an increased loss from operations of **($11.0) million**, but a net loss narrowed to **($4.2) million** from **($6.2) million** in Q1 2024 Q1 Statement of Operations (in thousands) | Metric | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Revenue | $133,452 | $114,103 | | Total costs and operating expenses | $144,440 | $120,066 | | Loss from operations | ($10,988) | ($5,963) | | Net Loss | ($4,160) | ($6,217) | | Net loss per share - basic and diluted | ($0.03) | ($0.05) | [Balance Sheets](index=11&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) As of March 31, 2025, Flywire's total assets were **$1.06 billion**, down from **$1.12 billion** at year-end 2024, primarily due to reduced cash, with total liabilities decreasing and goodwill/intangible assets increasing Balance Sheet Highlights (in thousands) | Metric | March 31, 2025 | Dec 31, 2024 | | :--- | :--- | :--- | | Cash and cash equivalents | $190,507 | $495,242 | | Total Assets | $1,060,348 | $1,122,446 | | Total Liabilities | $276,083 | $307,679 | | Total Stockholders' Equity | $784,265 | $814,767 | [Statement of Cash Flows](index=12&type=section&id=Condensed%20Consolidated%20Statement%20of%20Cash%20Flows) In Q1 2025, net cash used in operating activities increased to **($78.9) million**, investing activities used **($237.9) million** for acquisitions, and financing provided **$11.6 million**, leading to a **$304.7 million** decrease in cash Q1 Cash Flow Summary (in thousands) | Metric | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Net cash used in operating activities | ($78,890) | ($38,093) | | Net cash used in investing activities | ($237,872) | ($1,514) | | Net cash provided by financing activities | $11,639 | $2,249 | | Net decrease in cash | ($304,735) | ($35,594) | [Non-GAAP Financial Measures & Reconciliations](index=13&type=section&id=Non-GAAP%20Financial%20Measures%20%26%20Reconciliations) Flywire utilizes non-GAAP metrics like Revenue Less Ancillary Services, Adjusted Gross Profit, and Adjusted EBITDA to clarify core operational performance, providing detailed definitions and reconciliations to GAAP figures - Flywire uses non-GAAP measures to better understand and project financial performance[13](index=13&type=chunk)[14](index=14&type=chunk) - **Revenue Less Ancillary Services:** GAAP Revenue excluding pass-through costs and marketing fees[13](index=13&type=chunk)[14](index=14&type=chunk) - **Adjusted Gross Profit:** Revenue Less Ancillary Services minus adjusted cost of revenue[13](index=13&type=chunk)[14](index=14&type=chunk) - **Adjusted EBITDA:** Net income adjusted for interest, taxes, D&A, stock-based compensation, acquisition costs, and other specific items[13](index=13&type=chunk)[14](index=14&type=chunk) Reconciliation of Net Loss to Adjusted EBITDA (Q1 2025, in millions) | Line Item | Amount | | :--- | :--- | | Net loss (GAAP) | ($4.2) | | Adjustments (Interest, Taxes, D&A, etc.) | $2.8 | | EBITDA | ($1.4) | | Further Adjustments (Stock Comp, FX, etc.) | $23.0 | | **Adjusted EBITDA (Non-GAAP)** | **$21.6** | Reconciliation of Revenue and Gross Profit (Q1 2025, in millions) | Metric | GAAP | Adjustments | Non-GAAP | | :--- | :--- | :--- | :--- | | Revenue | $133.5 | ($4.8) | $128.7 (RLAS) | | Gross Profit | $80.5 | $2.0 | $82.5 (Adj. GP) | | Gross Margin | 60.3% | | 64.1% (Adj. GM) |

1Q 2025 Earnings Supplement May 6, 2025 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 may b ...

Core Insights - Flywire Corporation reported a 17.0% year-over-year increase in revenue for the first quarter of 2025, reaching $133.5 million compared to $114.1 million in the same period of 2024 [4][23] - The company reaffirmed its fiscal year 2025 guidance, indicating strong performance and growth expectations despite macroeconomic challenges [5][6] Financial Performance - Revenue less ancillary services increased by 16.8% year-over-year to $128.7 million in Q1 2025, compared to $110.2 million in Q1 2024 [4][23] - Total payment volume rose by 20.4% to $8.4 billion in Q1 2025, up from $7.0 billion in Q1 2024 [4][23] - Adjusted EBITDA increased to $21.6 million in Q1 2025, compared to $13.2 million in Q1 2024, with adjusted EBITDA margins improving to 16.2% [10][36] Client Acquisition and Market Expansion - The company signed over 200 new clients in the first quarter, primarily in the travel and education sectors [3][4] - Flywire expanded its presence in India by partnering with major financial institutions to tap into the education loan payment market [4][18] Strategic Initiatives - A Chief Payments Officer was appointed to enhance product and payment innovation [4] - The company is focusing on strategic and operational decisions to support clients and strengthen its market position [3][5] Guidance and Future Outlook - Flywire anticipates FX-neutral revenue less ancillary services growth of 17-23% year-over-year for the fiscal year 2025 [6][7] - The company expects to maintain its full-year financial outlook while driving revenue growth and margin expansion [5][6]

Integrated solution enables Flywire to unlock new payment flows from India to academic destinations worldwide Flywire further expands footprint in India, capitalizes on the billions of dollars of payment volume from education loans BOSTON and MUMBAI, India, April 30, 2025 (GLOBE NEWSWIRE) -- Flywire Corporation (Nasdaq: FLYW) (Flywire), a global payments and enablement and software company, today announced its strategic partnership with Avanse Financial Services, India's second-largest education-focused non ...

NEW YORK, April 25, 2025 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of  Flywire Corporation (“Flywire” or the “Company”) (NASDAQ: FLYW).  Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980. The investigation concerns whether Flywire and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.  [Click here for information about joining the class action] On Februar ...

NEW YORK, April 17, 2025 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of  Flywire Corporation (“Flywire” or the “Company”) (NASDAQ: FLYW).  Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980. The investigation concerns whether Flywire and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.  [Click here for information about joining the class action] On Februar ...

Core Viewpoint - Flywire Corporation is set to release its first quarter financial results on May 6, 2025, and will host a conference call to discuss these results [1] Company Overview - Flywire is a global payments enablement and software company that combines a proprietary global payments network, next-gen payments platform, and vertical-specific software [3] - The company supports over 4,500 clients with diverse payment methods in more than 140 currencies across over 240 countries and territories [5] Technology and Integration - Flywire leverages vertical-specific software and payments technology to integrate deeply within existing accounts receivable workflows for clients in education, healthcare, travel, and key B2B industries [4] - The company integrates with leading ERP systems, such as NetSuite, to optimize the payment experience for customers while addressing operational challenges [4] Conference Call Details - The conference call discussing the financial results will be hosted by CEO Mike Massaro, President and COO Rob Orgel, and CFO Cosmin Pitigoi at 5:00pm ET on May 6, 2025 [1] - The call will be webcast live on Flywire's investor relations website, with a replay available afterward [2]

Core Insights - Flywire Corporation announced new integrations with Ellucian, enhancing the implementation of Flywire's solutions in higher education institutions [1][7] - The integration with Ellucian Ethos allows for seamless deployment of Flywire's Collection Management software, improving student experience and reducing administrative complexity [2][3] Integration and Implementation - George Mason University successfully deployed Flywire's Collection Management software through the Ellucian Ethos integration, enabling single sign-on access for students [2][4] - Oxford Brookes University became the first institution in the UK to implement Flywire's integration for international payments, streamlining payment processes for students [2][5] Benefits of Integration - The integration automates the past-due collection process, providing proactive visibility and alerts to engage students, while offering flexible payment plans [3][4] - Flywire's integration allows institutions to manage financial workflows within familiar platforms like Banner and Colleague, saving time and resources [3][5] Partnership and Recognition - Flywire and Ellucian have a long-standing partnership, with Flywire previously recognized as Ellucian Partner of the Year for Integration Excellence [7][8] - The collaboration aims to enhance the student financial experience and streamline backend financial processes for institutions [8] Global Reach and Capabilities - Flywire supports over 4,500 clients with diverse payment methods in more than 140 currencies across 240 countries [12] - The integration with Ellucian's systems allows for real-time payment updates and automated reconciliation, driving efficiencies for finance teams [14]

Core Viewpoint - Rosen Law Firm is investigating potential securities claims on behalf of shareholders of Flywire Corporation due to allegations of materially misleading business information issued to the investing public [1] Group 1: Investor Claims and Actions - Shareholders who purchased Flywire securities may be entitled to compensation through a contingency fee arrangement, with no out-of-pocket fees or costs [2] - A class action is being prepared by Rosen Law Firm to seek recovery of investor losses [2] Group 2: Stock Performance and Analyst Commentary - Following a Q4 earnings miss and concerning 2025 guidance, Flywire's stock fell by $6.59 per share, or 37.3%, closing at $11.05 on February 26, 2025 [3] - An analyst downgraded Flywire stock, expressing skepticism about the company's top-line growth until it demonstrates consistent performance over several quarters [3] Group 3: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest settlement against a Chinese company at the time and being ranked No. 1 for securities class action settlements in 2017 [4] - The firm has recovered hundreds of millions of dollars for investors, securing over $438 million in 2019 alone [4]

NEW YORK, March 31, 2025 (GLOBE NEWSWIRE) -- Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/. Attorney Advertising. Prior results do not guarantee a similar outcome. ------------------------------- Contact Information: SO WHAT: If you purchased Flywire securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency f ...