NASDAQ$FLYW
Flywire Corporation · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Flywire's Q4 2023 financial results were reported, showing substantial year-over-year revenue growth.
Flywire reported a strong fourth quarter with a 37.5% increase in revenue compared to the previous year, reaching $100.5 million. The company's net income turned positive, and Total Payment Volume increased by 33.2%.
- Revenue increased by 37.5% year-over-year to $100.5 million.
- Gross Profit increased to $61.8 million, with a Gross Margin of 61.5%.
- Net income was $1.3 million, a significant improvement from the previous year's net loss of $1.1 million.
- Total Payment Volume increased by 33.2% to $5.4 billion.
Headline financials
Revenue & EPS history
Flywire · Revenue · Quarterly
$101M
Forward guidance
Flywire anticipates revenue less ancillary services to grow 30% for fiscal year 2024, with an expected improvement in adjusted EBITDA as a percentage of revenue less ancillary services.
Tailwinds
- Revenue for fiscal-year 2024 is projected to be between $501 million and $535 million.
- Revenue less ancillary services for fiscal-year 2024 is expected to be between $483 million and $509 million.
- Adjusted EBITDA for fiscal-year 2024 is forecasted to be between $65 million and $76 million.
- Revenue for the first quarter of 2024 is expected to be between $110 million and $117 million.
- Adjusted EBITDA for the first quarter of 2024 is projected to be between $9 million and $11 million.
Headwinds
- First quarter results are expected to be impacted by Canadian regulatory changes.
- Canadian regulatory changes are expected to reduce international study permit applications.
- Some Canadian applications may be delayed until later in the year.
- Changes may lead some students to study in other countries.
- Foreign exchange rates prevailing as of December 31, 2023, have been assumed.
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 Q4 2023
-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
| Quarter | Report date | Reaction (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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