FLYW Flywire Corp
Price Chart
Executive Summary
Flywire reported strong Q4 2025 results with revenue up 34% YoY to $157.5M and Revenue Less Ancillary Services (RLAS) up 35.3% YoY to $152.7M. Adjusted EBITDA increased 53.4% YoY to $25.4M with margin expansion of ~190 bps. The company beat Q4 guidance across key metrics and provided FY2026 guidance for 15-21% FX-neutral RLAS growth and 150-350 bps Adjusted EBITDA margin expansion, reflecting continued confidence in its growth model and operating leverage.
Key Financial Metrics
Actionable Insight
The strong Q4 beat and maintained guidance despite macro headwinds in education markets suggests Flywire's enterprise model is gaining traction. Traders should watch for continued margin expansion and cash flow generation as key indicators of execution. The leadership appointments and AI initiatives signal focus on long-term operating leverage.
Key Facts
- Q4 2025 Revenue: $157.5M (+34.0% YoY), driven by $14.2M contribution from Sertifi acquisition
- Q4 2025 Revenue Less Ancillary Services: $152.7M (+35.3% YoY), FX-neutral growth of 32.6%
- Adjusted EBITDA: $25.4M (+53.4% YoY) with margin of 16.6% (+190 bps YoY)
- Net income near break-even vs. $15.9M loss in Q4 2024
- FY2026 Guidance: 15-21% FX-neutral RLAS growth and +150-350 bps Adjusted EBITDA margin expansion
- Repurchased $10M of stock in Q4 with $182M remaining in buyback program
- Paid down remaining $15M debt from Sertifi acquisition
Financial Impact
Revenue growth of 34-35% with significant margin expansion and path to profitability
Segment Breakdown
| Segment | Growth |
|---|---|
| Education | +12.0% |
| Travel | — |
| Healthcare | — |
| B2B | — |
Risk Factors
- Guidance assumes 'prudent' assumptions given macro environment, particularly in education visa markets
- Excluding Sertifi, organic RLAS growth was 22.8%, indicating acquisition contribution to growth
- Gross margin declined 560 bps YoY to 57.6%, suggesting pricing pressure or integration costs
Market Snapshot
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-067020 |
| Document: d49157dex992.htm | 0001193125-26-067020 |
| Document: d49157d8k.htm | 0001193125-26-067020 |
| Document: 0001193125-26-067020-index-headers.html | 0001193125-26-067020 |
| Document: 0001193125-26-067020-index.html | 0001193125-26-067020 |
| Document: 0001193125-26-067020.txt | 0001193125-26-067020 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 10, 2026
2d ago
|
Insider Cluster
| $14.23 awaiting T+1 | awaiting T+1 | — | $14.71 (+3.41%) |
|
Jun 9, 2026
3d ago
|
Insider Cluster
| $14.14 awaiting T+1 | awaiting T+1 | — | $14.71 (−4.07%) |
|
Jun 9, 2026
3d ago
|
Press Release
| $13.88 awaiting T+1 | awaiting T+1 | — | $14.71 (+5.98%) |
|
Jun 4, 2026
8d ago
|
Insider Cluster
| $14.55 awaiting T+1 | awaiting T+1 | — | $14.71 (−1.10%) |
|
Jun 4, 2026
8d ago
|
Insider Cluster
| $14.55 awaiting T+1 | awaiting T+1 | — | $14.71 (−1.10%) |
|
Jun 4, 2026
8d ago
|
144
| $14.58 $14.40 | ▼ −1.23% | ▲ +1.36% | $14.71 (+0.89%) |
|
Jun 2, 2026
10d ago
|
144
| $15.14 $14.61 | ▼ −3.50% | ▼ −2.81% | $14.71 (−2.84%) |
|
May 20, 2026
23d ago
|
Press Release
| $15.91 $16.16 | ▲ +1.57% | ▲ +1.38% | $14.71 (−7.54%) |
|
May 15, 2026
28d ago
|
8-K
| $16.06 $16.02 | ▼ −0.25% | ▼ −0.19% | $14.71 (−8.41%) |
|
May 6, 2026
5w ago
|
Insider Cluster
| $17.51 $17.73 | ▲ +1.26% | ▲ +1.59% | $14.71 (−15.99%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access