Flywire(US:FLYW)2025-05-06 20:08Q1 2025 Financial Performance - Flywire's Q1 2025 revenue reached $133.5 million[13] - The company achieved a gross margin of 60.3%[13] and a net loss of $4.2 million[13] - Total payment volume increased by 20.4% to $8.4 billion[15] - Revenue Less Ancillary Services grew by 16.8% to $128.7 million[15] - Adjusted EBITDA was $21.6 million, representing a 16.8% margin[15] Sertifi Acquisition and Impact - Sertifi contributed $4.7 million in revenue, exceeding expectations by approximately $1 million[17, 20] - Sertifi's Adjusted EBITDA contribution was approximately $1 million, surpassing the guide of "flat"[17, 20] - The acquisition of Sertifi added approximately 21,000 client locations[68], up 15% since 2023[68] Future Outlook - For Q2 2025, Flywire anticipates FX-Neutral Revenue Less Ancillary Services growth of 17-23% YoY, including Sertifi[88] - The company projects Adjusted EBITDA margin expansion of 150-350 bps YoY for Q2 2025[88] - Flywire expects Sertifi to contribute $10-12 million in revenue during Q2 2025[88] - For FY 2025, Flywire forecasts FX-Neutral Revenue Less Ancillary Services growth of 17-23% YoY, including Sertifi[92] - The company anticipates Adjusted EBITDA margin expansion of 100-300 bps YoY for FY 2025[92] - Flywire projects Sertifi to contribute $35-40 million in revenue for FY 2025[92]