Q3 2025 Performance Highlights - Revenue reached $200.1 million[12] - Gross Margin was 62.3%[12] - Net Income was $29.6 million[12] - Total Payment Volume increased by 26.4% to $13.9 billion[14] - Revenue Less Ancillary Services (RLAS) grew by 28.2% to $194.1 million[14] - Adjusted EBITDA was $57.1 million, representing 29.4% of RLAS[14] Q3 2025 Performance vs Guidance - Total RLAS exceeded guidance by $13.0 million[15] - Year-over-year RLAS Spot Growth beat guidance by 860 bps[15] - Year-over-year RLAS FXN Growth beat guidance by 930 bps[15] - Sertifi Revenue was $12.9 million, exceeding guidance by $2.4 million[15] - Adjusted EBITDA exceeded guidance by $4.8 million[15] FY 2025 Outlook - The company raised FY 2025 FX-Neutral Revenue Less Ancillary Services growth guidance to 23-25%[76] - The company expects Sertifi to contribute $42-44 million in revenue[76] - The company raised Adjusted EBITDA Margin Expansion guidance to 330-370 bps[76]

Core Insights - Flywire Corporation reported a 27.6% year-over-year increase in revenue for the third quarter of 2025, reaching $200.1 million, compared to $156.8 million in the same quarter of 2024 [4] - The company raised its fiscal year 2025 revenue guidance by 400 basis points at the midpoint and adjusted EBITDA margin guidance by 75 basis points at the midpoint [1][5] Financial Performance - Revenue less ancillary services increased by 28.2% year-over-year to $194.1 million in Q3 2025, compared to $151.4 million in Q3 2024 [4] - Total payment volume rose by 26.4% to $13.9 billion in Q3 2025, up from $11 billion in Q3 2024 [4] - Net income for Q3 2025 was $29.6 million, down from $38.9 million in Q3 2024 [4] - Adjusted EBITDA increased to $57.1 million in Q3 2025, compared to $42.2 million in Q3 2024, with an adjusted EBITDA margin of 29.4% [4] Client Acquisition and Market Position - The company added over 200 new clients across all verticals in Q3 2025, excluding the added Sertifi properties [4][10] - Flywire deepened its partnership with Workday to integrate into the Workday Student Information System, enhancing its service offerings [4] Guidance and Future Outlook - For fiscal year 2025, Flywire anticipates FX-neutral revenue less ancillary services growth of 23-25% year-over-year, with adjusted EBITDA margin growth of 330-370 basis points [6] - For Q4 2025, the company expects FX-neutral revenue less ancillary services growth of 23-27% year-over-year [7] Strategic Developments - The company repurchased approximately 0.8 million shares for about $10 million, with $192 million remaining in the share repurchase program [4] - Flywire paid down $45 million of debt related to the Sertifi acquisition, leaving $15 million of debt outstanding [4]

Core Insights - Flywire Corporation has appointed Nicole James as Chief People Officer, effective November 4, 2025, to lead its global HR function [1][2] - CEO Mike Massaro emphasized that James' experience in digital transformation and talent development aligns with Flywire's strategic priorities [2] - James previously held leadership roles at Credit Karma, Unite Us, and Square, where she scaled people functions and led global expansion efforts [2] Company Overview - Flywire is a global payments enablement and software company that combines a proprietary global payments network with vertical-specific software [5] - The company supports over 4,800 clients with diverse payment methods in more than 140 currencies across over 240 countries and territories [7] - Flywire integrates with leading ERP systems to optimize payment experiences and eliminate operational challenges for clients [6] Recognition and Culture - Flywire has been recognized as one of America's Greatest Companies by Newsweek and one of the World's Top FinTech Companies by CNBC [4] - The company is noted for its award-winning culture and high-performing teams, which are central to its operational success [4][3]

Core Insights - Flywire is positioned as a vital partner for U.S. higher education institutions, helping them enhance revenue and student success amid changing federal policies and enrollment pressures [1][2] - The Flywire Student Financial Software (SFS) is delivering significant ROI by automating processes and protecting enrollment revenue, with institutions reporting improved working capital cycles and reduced operational burdens [2][3] Financial Performance and Metrics - Institutions utilizing Flywire's SFS have experienced a drop in default rates from as high as 34% to as low as 1% due to self-service, accurate, and intuitive payment plans [2] - Flywire has activated over 827,000 payment plans since inception, collected over $360 million in past-due tuition, and achieved more than $72 million in pre-collection savings for partner institutions [5] Institutional Adaptation and Innovation - Keynote speakers emphasized the need for institutions to adapt to demographic and market shifts, diversify student populations, and create sustainable revenue streams to remain competitive [4] - Flywire's commitment to innovation is evident in its ability to meet the evolving needs of institutions across the U.S. higher education landscape [3] Client Success Stories - Southern Methodist University processed nearly 25,000 transactions and collected over $1.5 million in past-due debt shortly after implementing SFS [8] - Central Washington University saw its payment plan default rate drop dramatically from 34% to less than 1% after implementing SFS Collection Management [8] - Purdue University recovered over $7 million and resolved more than 70% of accounts since implementing SFS Collection Management [8] Awards and Recognition - Flywire recognized several institutions for their achievements in leveraging innovation to drive efficiency and improve student experiences during the Flywire Fusion event [6][8] - Citi was awarded the inaugural 2025 Partner of the Year for its long-standing partnership with Flywire, supporting its strategic growth [8]

Core Insights - Flywire Corporation will release its third-quarter financial results on November 4, 2025, after market close [1] - A conference call to discuss these results will be held at 5:00 pm ET on the same day, hosted by key executives [1] Company Overview - Flywire is a global payments enablement and software company that combines a proprietary global payments network with a next-generation payments platform and vertical-specific software [3] - The company focuses on integrating its software and payments technology into existing accounts receivable workflows across various sectors, including education, healthcare, travel, and key B2B industries [4] - Flywire supports over 4,800 clients, offering diverse payment methods in more than 140 currencies across over 240 countries and territories [5]

Core Insights - Flywire Corporation has expanded its partnership with Workday, integrating its payment and software platform with Workday Student to enhance the management of student payments for higher education institutions [1][3] Group 1: Integration Benefits - The integration streamlines billing and payment processes for institutions using Workday Student, improving administrative efficiency and reducing manual work [1][2] - Flywire's integration allows institutions to offer a wide range of payment options directly within the Workday Student interface, enhancing the payment experience for students and families [3][4] - Real-time data synchronization ensures that students and families have access to the most current account information, significantly reducing billing inquiries to administrative teams by up to 40% [4][5] Group 2: Enhanced Features - Flywire's solution includes automatic posting of payment updates back to Workday Student, providing administrators with a comprehensive view of student financial activity [5] - The integration supports 529 disbursements, automating payment processing and improving efficiency by eliminating the need for paper checks [5] - Flywire offers around-the-clock multilingual support in over 30 languages, enhancing the service experience for students and institutions [7] Group 3: User Experience Improvements - Customized payment portals capture all relevant student identification data, ensuring accurate identification of payments received [8] - The streamlined student experience allows students to view their account balance and make payments in a single workflow, reducing inquiries [8] - The integration has led to faster reconciliation and fewer manual interventions, improving the overall payment experience for students [9]

Core Insights - Flywire Corporation has been selected as the exclusive payments partner for Quasar Expeditions, enhancing the payment experience for its clientele and integrating seamlessly into Quasar's booking system [1][3][4] Company Overview - Quasar Expeditions has been recognized as the 1 Intimate-Ship Ocean Cruise Line for eight consecutive years (2018-2025) and the 2 Tour Operator of 2024, specializing in luxury and adventure ocean travel [2][1] - The company has nearly four decades of experience providing high-quality accommodations and unique travel experiences in regions such as Galapagos, Patagonia, Chile, Ecuador, and Peru [2] Partnership Details - The partnership with Flywire aims to upgrade Quasar's payment experience by addressing issues related to hidden pricing and customer service from its previous provider [3] - Flywire's global payment network offers transparent pricing, real-time payment tracking, and 24/7 multilingual support, enhancing the overall customer experience [3][6] Integration and Operational Efficiency - Flywire's integration with PEAK 15, the software used by Quasar for bookings and accounting, streamlines reconciliation processes and reduces administrative complexities [4] - This integration supports Quasar's geographically dispersed team, allowing for efficient operations across multiple locations [4] Market Growth and Expansion - The ocean-based travel segment, including yacht charters and expedition cruises, is one of the fastest-growing areas of Flywire's travel business, catering to luxury travelers [5] - Flywire has expanded its services into new regions such as Chile and Indonesia, focusing on diving experiences and expeditions [5] Client Support and Technology - Flywire has invested in local-language client support for Indonesian-speaking clients and enhanced integration capabilities with Tour Amigo, a booking system for multi-day travel [5] - The company emphasizes its understanding of the travel sector's complexities, providing a secure and localized payment experience that simplifies cross-border transactions [6][7]

Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Flywire Corporation and has announced a deadline for investors to seek the role of lead plaintiff in a federal securities class action filed against the company [1]. Group 1 - Faruqi & Faruqi, LLP is a leading national securities law firm with offices in New York, Pennsylvania, California, and Georgia [1]. - The deadline for investors to seek the role of lead plaintiff is September 23, 2025 [1]. - The investigation pertains to potential claims against Flywire Corporation, which trades on NASDAQ under the ticker FLYW [1].

Core Viewpoint - A class action lawsuit has been filed against Flywire Corporation for allegedly overstating revenue growth and underestimating the impact of visa-related restrictions on its business during the class period from February 28, 2024, to February 25, 2025 [1][6]. Allegation Details - The lawsuit claims that Flywire failed to disclose that the strength and sustainability of its revenue growth was overstated [6]. - It also alleges that the negative impact of permit- and visa-related restrictions on Flywire's business was understated [6]. Financial Impact - On February 25, 2025, Flywire announced disappointing financial results for Q4 and FY 2024, revealing expected revenue declines of over 30% year-over-year in Canadian and Australian markets due to recent policy changes and new visa rules [6]. - Following this announcement, multiple analysts downgraded their recommendations and cut price targets for Flywire, resulting in a stock price drop of $6.59 per share, or 37.36%, closing at $11.05 on February 26, 2025 [6].

Core Viewpoint - A class action lawsuit has been filed against Flywire Corporation on behalf of shareholders who purchased or acquired its securities during the specified class period from February 28, 2024, to February 25, 2025 [1] Company Summary - Flywire Corporation is identified as a payments-enablement and software company [1] Legal Context - The lawsuit was announced by Rosen Law Firm, which specializes in investor rights [1] - The lawsuit pertains to allegations made during the defined class period [1]