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Flywire Q1 2025 Earnings Report
Flywire reported strong first quarter 2025 financial results, exceeding revenue guidance and expanding Adjusted EBITDA margins.
Key Takeaways
Flywire reported a robust first quarter for 2025, with revenue increasing 17.0% year-over-year to $133.5 million. The company also saw significant growth in Total Payment Volume, up 20.4% to $8.4 billion, and improved Adjusted EBITDA to $21.6 million, demonstrating strong operational efficiency and sales momentum.
Revenue increased 17.0% year-over-year to $133.5 million in Q1 2025.
Total Payment Volume grew 20.4% to $8.4 billion in Q1 2025.
Adjusted EBITDA increased to $21.6 million in Q1 2025, with margins up 476 bps year-over-year.
Signed over 200 new clients, primarily in the Travel and Education verticals.
Forward Guidance
Flywire reaffirms its full-year 2025 financial outlook, anticipating continued strong FX-Neutral Revenue Less Ancillary Services Growth and Adjusted EBITDA Margin Growth, despite macroeconomic challenges.
Positive Outlook
- Anticipates FX-Neutral Revenue Less Ancillary Services Growth of 17-23% YoY for fiscal year 2025.
- Projects FX-Neutral Revenue Less Ancillary Services Growth (excluding Sertifi) of 10-14% YoY for fiscal year 2025.
- Forecasts Adjusted EBITDA Margin Growth of +100-300 bps YoY for fiscal year 2025.
- Expects Sertifi Revenue contribution of $35-40M for fiscal year 2025.
- Anticipates strong performance in Q2 2025 with FX-Neutral Revenue Less Ancillary Services Growth of 17-23% YoY.
Challenges Ahead
- Guidance is based on information available as of May 6, 2025, and is subject to change.
- Does not provide a quantitative reconciliation of forecasted FX-Neutral Revenue Growth to GAAP Revenue Growth due to unpredictable fluctuations in income taxes and foreign currency exchange rates.
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