NASDAQ$FLYW

Flywire Corporation · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Reported strong second-quarter results, marking their first as a publicly-traded company, driven by the increasing demand for digital payment solutions and new client acquisition across key verticals.

Flywire reported a strong second quarter with a 56% increase in revenue to $37.0 million and an 85% increase in total payment volume to $1.9 billion. The company saw positive growth trends with new client acquisition across key verticals including education, healthcare, travel, and B2B.

  • Revenue increased 56% year-over-year to $37.0 million.
  • Total Payment Volume increased 85% year-over-year to $1.9 billion.
  • Revenue Less Ancillary Services increased 77% year-over-year to $33.0 million.
  • The company reported positive growth trends with new client acquisition across its key verticals: education, healthcare, travel, and B2B.

Headline financials

Total Revenue

$37M

Previous: $23.8M+55.6%
EPS (adj)

-$0.35

Previous: -$0.18-95.0%
Total Payment Volume

$1.9B

Previous: $1B+90.0%
Capital Expenditures

-$3.46M

No prior period
Free Cash Flow

-$21.6M

No prior period
Net Income

-$18.1M

Previous: -$16M-13.4%
Operating Income

-$7.56M

Previous: -$15.2M+50.1%
Gross Profit

$37M

Previous: $12.9M+186.9%
Cash & Equivalents

$412M

No prior period
Total Assets

$580M

No prior period
Stock-Based Comp

$2.4M

No prior period

Revenue & EPS history

Flywire · Revenue · Quarterly

$37M

Q2 2021+55.6%vs Q2 2020
Beat estimate in 9 of 10 quarters(90%)
ActualEstimate

Forward guidance

For fiscal year 2021, Flywire expects revenue between $173 to $178 million and revenue less ancillary services between $158 to $161 million.

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 Q2 2021

Historical avgQ2 2021

-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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