Core Insights - Flywire Corporation reported a 27.2% year-over-year increase in revenue for the second quarter of 2025, reaching $131.9 million, compared to $103.7 million in the same quarter of 2024 [1][4] - The company reaffirmed its revenue guidance for fiscal year 2025 and raised its adjusted EBITDA margin guidance by 75 basis points at the midpoint [1][5] - The total payment volume increased by 22% to $5.9 billion in the second quarter of 2025, compared to $4.9 billion in the same quarter of 2024 [7] Financial Performance - Revenue less ancillary services increased by 27.7% to $127.5 million in the second quarter of 2025, compared to $99.9 million in the second quarter of 2024 [7] - Adjusted EBITDA rose to $16.6 million in the second quarter of 2025, compared to $5.8 million in the second quarter of 2024, with adjusted EBITDA margins increasing over 700 basis points year-over-year to 13% [7] - The net loss for the second quarter of 2025 was $12.0 million, an improvement from a net loss of $13.9 million in the second quarter of 2024 [4][7] Business Highlights - The company signed nearly 200 new clients across all verticals, excluding the added Sertifi properties and Invoiced software accounts [4] - Flywire was recognized by luxury travel network Virtuoso as a Technology Partner, gaining access to 2,300 preferred suppliers across 100 countries and $35 billion in annual luxury travel sales [4] - The company deepened its partnership with Ellucian, deploying new integrations to streamline implementations for educational institutions globally [4] Strategic Initiatives - Flywire signed a partnership with a leading provider of stablecoin payment infrastructure to integrate stablecoin payment capabilities into its global payment network [5] - The company has increased its revolving credit facility from $125 million to $300 million with improved terms, enhancing its liquidity position [7] - Flywire's share repurchase program has been increased by $150 million, bringing total authorization for future share repurchases to approximately $200 million [7] Guidance and Outlook - For fiscal year 2025, Flywire anticipates FX-neutral revenue less ancillary services growth of 17-23% year-over-year, with adjusted EBITDA margin growth of 200-350 basis points [6] - The company expects third-quarter FX-neutral revenue less ancillary services growth of 13-21% year-over-year [6]

Core Insights - Flywire Corporation has enabled over 100 U.S. colleges and universities to collect more than $320 million in past-due tuition, helping to retain over 161,000 at-risk students [1][2] - The adoption of Flywire's Student Financial Software (SFS) is driven by the need for U.S. higher education institutions to create sustainable revenue streams and improve student affordability through dynamic payment plans [2] - Flywire's Collection Management offering has proven to be cost-effective, helping institutions avoid the average 20% fee associated with sending students to collections [2] Company Solutions - Flywire's SFS includes features such as automated communications and payment plans, which have helped Purdue University recover over $1 million in revenue and save more than 300 students from collections [2][3] - The company has digitized over $2 billion in tuition payments through its 529 disbursement solution, eliminating the manual processing of over 502,000 checks for U.S. institutions [3] - Flywire's third-party invoicing solution enhances the payment experience for sponsors paying student tuition and fees, further streamlining the payment process [3] Partnerships and Integrations - Flywire has partnered with leading education technology providers to enhance its offerings, including tuition insurance through GradGuard and streamlined payment experiences through BlackBaud [5] - The company integrates with major ERP systems like Ellucian and NetSuite, improving operational efficiency for educational institutions [4][8] - Flywire supports over 4,600 clients globally, providing diverse payment methods in more than 140 currencies across over 240 countries [9]