NASDAQ$FLYW

Flywire Corporation · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Flywire reported a strong third quarter with revenue at an all-time high, driven by ongoing execution of growth strategies and resilience of served industries.

Flywire reported strong Q3 2022 financial results, with revenue increasing 40% year-over-year to $95.2 million. The company saw a net loss of $4.3 million, while total payment volume increased by 33% to $7.0 billion.

  • Revenue increased 40% year-over-year to $95.2 million.
  • Gross Profit increased to $61.3 million with a Gross Margin of 64.4%.
  • Net loss was $4.3 million, compared to net income of $10.0 million in the same quarter of the previous year.
  • Total Payment Volume increased 33% year-over-year to $7.0 billion.

Headline financials

Total Revenue

$95.2M

Previous: $67.8M+40.5%
EPS (adj)

-$0.04

Previous: $0.08-150.0%
Total Payment Volume

$7B

Previous: $5.3B+32.1%
Capital Expenditures

-$5.19M

Previous: -$5.23M+0.8%
Free Cash Flow

-$9.46M

Previous: $4.77M-298.5%
Net Income

-$4.27M

Previous: $9.99M-142.7%
Operating Income

$3.65M

Previous: $11.1M-67.1%
Gross Profit

$95.2M

Previous: $67.8M+40.5%
Cash & Equivalents

$349M

Previous: $449M-22.2%
Total Assets

$641M

Previous: $623M+2.9%
Stock-Based Comp

$8.53M

Previous: $2.78M+207.0%

Revenue & EPS history

Flywire · Revenue · Quarterly

$95.2M

Q3 2022+40.5%vs Q3 2021
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Forward guidance

Flywire anticipates revenue between $69.3 to $72.6 million for the fourth quarter of 2022 and between $285.4 to $288.7 million for the full 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 Q3 2022

Historical avgQ3 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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