NASDAQ$FLYW

Flywire Corporation · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Flywire reported a strong second quarter, delivering strong revenue, adjusted gross profit and better than expected adjusted EBITDA.

Flywire reported a strong second quarter with revenue increasing 53% year-over-year to $56.5 million. Total Payment Volume increased 49% year-over-year to $2.9 billion. Net loss was $(23.8) million, compared to net loss of $(18.1) million in the second quarter of 2021.

  • Revenue increased 53% to $56.5 million.
  • Total Payment Volume increased 49% to $2.9 billion.
  • Revenue Less Ancillary Services increased 56% to $51.5 million.
  • Net loss was $(23.8) million.

Headline financials

Total Revenue

$56.5M

Previous: $37M+52.9%
EPS (adj)

-$0.22

Previous: -$0.35+37.1%
Total Payment Volume

$2.9B

Previous: $1.9B+52.6%
Capital Expenditures

-$3.63M

Previous: -$3.46M-4.9%
Free Cash Flow

-$27.4M

Previous: -$21.6M-26.9%
Net Income

-$23.8M

Previous: -$18.1M-31.1%
Operating Income

-$17.4M

Previous: -$7.56M-130.1%
Gross Profit

$56.5M

Previous: $37M+52.9%
Cash & Equivalents

$361M

Previous: $412M-12.5%
Total Assets

$606M

Previous: $580M+4.4%
Stock-Based Comp

$8.44M

Previous: $2.4M+252.1%

Revenue & EPS history

Flywire · Revenue · Quarterly

$56.5M

Q2 2022+52.9%vs Q2 2021
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Forward guidance

Flywire anticipates revenue between $94 to $98 million for the third quarter of 2022. Flywire anticipates revenue between $283 to $294 million for the 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 Q2 2022

Historical avgQ2 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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