Revenue: As of FY2026 Q1, the actual value is USD 188.11 M.EPS: As of FY2026 Q1, the actual value is USD 0.1, beating the estimate of USD 0.045.EBIT: As of FY2026 Q1, the actual value is USD 10.17 M.Flywire Corporation operates as a single operating and reportable segment, with financial information evaluated on a consolidated basis by the Chief Executive Officer.<h4>Revenue</h4>Total revenue increased by 40.9% to $188.1 million for the three months ended March 31, 2026, from $133.5 million for the three months ended March 31, 2025.Revenue by Geographical Area (in thousands) Americas revenue was $93,913 for Q1 2026, up from $63,382 for Q1 2025. EMEA revenue was $64,243 for Q1 2026, up from $47,448 for Q1 2025. APAC revenue was $29,956 for Q1 2026, up from $22,622 for Q1 2025.Revenue by Major Solutions (in thousands) Transactions revenue was $155,205 for Q1 2026, up from $108,490 for Q1 2025. Platform and other revenues were $32,907 for Q1 2026, up from $24,962 for Q1 2025.<h4>Operational Metrics</h4>Net income was $12.5 million for the three months ended March 31, 2026, a significant increase from a net loss of - $4.2 million for the three months ended March 31, 2025, representing a 397.6% increase. Income from operations was $10.8 million for the three months ended March 31, 2026, compared to a loss from operations of - $11.0 million for the three months ended March 31, 2025, an increase of 198.2%. Gross Profit was $106.8 million for the three months ended March 31, 2026, compared to $80.5 million for the three months ended March 31, 2025. Gross Margin was 56.8% for the three months ended March 31, 2026, compared to 60.3% for the three months ended March 31, 2025. Payment Processing Services Costs increased by 53.2% to $77.5 million for the three months ended March 31, 2026, from $50.6 million for the three months ended March 31, 2025. Technology and Development Expenses increased by 14.8% to $19.4 million for the three months ended March 31, 2026, from $16.9 million for the three months ended March 31, 2025. Selling and Marketing Expenses increased by 10.7% to $40.5 million for the three months ended March 31, 2026, from $36.6 million for the three months ended March 31, 2025. General and Administrative Expenses increased by 20.8% to $40.0 million for the three months ended March 31, 2026, from $33.1 million for the three months ended March 31, 2025. There were no restructuring expenses for the three months ended March 31, 2026, a decrease from $7.3 million for the three months ended March 31, 2025.<h4>Cash Flow</h4>Net cash used in operating activities was - $15.8 million for the three months ended March 31, 2026, compared to - $80.8 million for the three months ended March 31, 2025. Net cash provided by investing activities was $7.7 million for the three months ended March 31, 2026, compared to net cash used in investing activities of - $237.4 million for the three months ended March 31, 2025. Net cash used in financing activities was - $12.6 million for the three months ended March 31, 2026, compared to $11.6 million for the three months ended March 31, 2025. Cash and cash equivalents at the end of the period were $311,893 thousand as of March 31, 2026, compared to $190,507 thousand as of March 31, 2025.<h4>Unique Metrics</h4>Total Payment Volume (TPV) grew by 36.5% to $11.4 billion for the three months ended March 31, 2026, from $8.4 billion for the three months ended March 31, 2025. Transaction Payment Volume was $9,326.3 million for the three months ended March 31, 2026, an increase of 45.1% from $6,426.0 million for the three months ended March 31, 2025. Platform and Other Revenues Payment Volume was $2,098.6 million for the three months ended March 31, 2026, an increase of 7.9% from $1,945.0 million for the three months ended March 31, 2025. Revenue Less Ancillary Services was $184.0 million for the three months ended March 31, 2026, compared to $128.7 million for the three months ended March 31, 2025. Adjusted Gross Profit was $110.5 million for the three months ended March 31, 2026, compared to $82.5 million for the three months ended March 31, 2025. Adjusted Gross Margin was 60.1% for the three months ended March 31, 2026, compared to 64.1% for the three months ended March 31, 2025. Adjusted EBITDA was $39.3 million for the three months ended March 31, 2026, compared to $21.6 million for the three months ended March 31, 2025. Adjusted EBITDA Margin was 21.4% for the three months ended March 31, 2026, compared to 16.8% for the three months ended March 31, 2025. The Annual Net Dollar-Based Retention Rate was approximately 110% for the year ended December 31, 2025. Flywire Corporation had approximately 5,100 clients globally as of March 31, 2026, excluding clients from Sertifi and Invoiced acquisitions. The company’s employee count, referred to as FlyMates, was approximately 1,460 full-time as of March 31, 2026, an increase of 23.7% from approximately 1,180 as of March 31, 2025.<h4>Future Outlook and Strategy</h4>Flywire Corporation aims to sustain growth by adding new clients, expanding existing client usage, integrating acquired businesses, and increasing payments and software capabilities. The company plans to strategically invest in headcount, technology, and marketing to drive client adoption and international expansion, while focusing on operational efficiencies to maintain positive annual GAAP net income. Furthermore, Flywire Corporation announced its intention to initiate an Accelerated Share Repurchase (ASR) program of up to $50.0 million, funded by available cash, to support ongoing growth investments and strategic acquisitions.

Flywire | 10-Q: FY2026 Q1 Revenue: USD 188.11 M