NASDAQ$FLYW

Flywire Corporation · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Flywire's first quarter revenue increased, driven by growth in education and travel.

Flywire reported a strong start to 2022 with revenue increasing 43% year-over-year. The company added over 130 clients, reflecting the continued execution of growth strategies and investments.

  • Revenue increased 43% to $64.6 million compared to Q1 2021.
  • Total Payment Volume increased 46% to $4.2 billion compared to Q1 2021.
  • Added over 130 clients in Q1, the most clients added in a quarter since IPO.
  • Revenue Less Ancillary Services increased 47% to $59.3 million compared to Q1 2021.

Headline financials

Total Revenue

$64.6M

Previous: $45M+43.5%
EPS (adj)

-$0.10

Previous: -$0.09-15.4%
Total Payment Volume

$4.2B

Previous: $2.9B+44.8%
Capital Expenditures

-$1.31M

No prior period
Free Cash Flow

-$11.5M

No prior period
Net Income

-$10.1M

Previous: -$8.65M-17.3%
Operating Income

-$7.1M

Previous: -$6.47M-9.9%
Gross Profit

$64.6M

Previous: $28.9M+123.4%
Cash & Equivalents

$366M

No prior period
Total Assets

$610M

No prior period
Stock-Based Comp

$5.5M

No prior period

Revenue & EPS history

Flywire · Revenue · Quarterly

$64.6M

Q1 2022+43.5%vs Q1 2021
Beat estimate in 9 of 10 quarters(90%)
ActualEstimate

Forward guidance

Based on information available as of May 10, 2022, Flywire anticipates the following for the second quarter and fiscal-year 2022:

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

-0.1%

Avg return

Earnings day

+2.4%

Avg return

5 days after

+2.0%

Avg return

30 days after

64%

14 / 22 earnings

Positive

+19.6%

Q4 2023

Best reaction

-37.4%

Q4 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+2.2%+21.2%+2.5%
Q4 2025+11.4%+10.6%+1.1%
Q3 2025+0.1%+2.2%+0.5%
Q1 2025+8.4%+12.5%+4.6%
Q4 2024-37.4%-39.0%-45.6%
Q3 2024+16.9%+26.1%+19.6%
Q2 2024+1.5%+0.0%-2.6%
Q1 2024-13.8%-12.1%-13.2%
Q4 2023+19.6%+17.1%+2.9%
Q3 2023-24.2%-27.1%-17.9%
Q2 2023+2.3%-8.3%-2.2%
Q1 2023-0.9%-0.1%+8.5%
Q4 2022+5.0%+12.7%+18.3%
Q3 2022+6.0%+22.9%+19.2%
Q2 2022+10.2%+8.6%+6.0%
Q1 2022-14.0%-10.5%-20.9%
Q4 2019+5.9%+8.8%+10.7%
Q4 2021+1.8%-3.1%+22.7%
Q3 2020-1.3%+0.1%-9.1%
Q3 2021-0.6%-1.3%-11.8%
Q4 2020-4.5%-1.1%+16.9%
Q2 2021+3.9%+11.8%+34.1%
Q1 2021
Q2 2020
Q1 2020

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