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Sep 30, 2022
Flywire Q3 2022 Earnings Report
Flywire reported a strong third quarter with revenue at an all-time high, driven by ongoing execution of growth strategies and resilience of served industries.
Key Takeaways
Flywire reported strong Q3 2022 financial results, with revenue increasing 40% year-over-year to $95.2 million. The company saw a net loss of $4.3 million, while total payment volume increased by 33% to $7.0 billion.
Revenue increased 40% year-over-year to $95.2 million.
Gross Profit increased to $61.3 million with a Gross Margin of 64.4%.
Net loss was $4.3 million, compared to net income of $10.0 million in the same quarter of the previous year.
Total Payment Volume increased 33% year-over-year to $7.0 billion.
Forward Guidance
Flywire anticipates revenue between $69.3 to $72.6 million for the fourth quarter of 2022 and between $285.4 to $288.7 million for the full fiscal year 2022.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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