Filing Flows › Flywire (FLYW) › Q1 2025
Flywire (FLYW) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 7, 2025
Flywire (FLYW) reported revenue of $133M for the first quarter 2025 (Q1 2025), +17% from a year earlier and +14% from the quarter before. Operating margin was -8.2%, net loss $4.2M (3.1% of revenue).
Flywire, Q1 2025: revenue $133M (+17% year over year), operating margin -8.2%, net loss $4.2M, operating cash flow −$80.8M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $133M | +14% | +17% |
| Operating profit | −$11.0M | — | — |
| Net earnings | −$4.2M | — | — |
| Operating cash flow | −$80.8M | — | — |
What changed
Revenue was $133.5M in Q1 2025, up 17% year over year and up 14% from the previous quarter. Transactions was the largest line at 81% of revenue. Transactions added $13.3M year over year (up 14%), 69% of the total change.
Operating costs exceeded revenue by $11.0M, an operating margin of -8.2%. Total costs grew 20% against revenue growth of 17%. The fastest-growing cost line was Other operating costs (+39%). The quarter ended with a net loss of $4.2M, narrower than the previous quarter's $15.9M loss. Non-operating items added $5.9M, -118% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$80.8M. Non-cash charges added back $5.5M of depreciation and amortization and $18.2M of share-based compensation. Working capital and other items used $100.4M. Capital expenditures of $187K exceeded it, leaving free cash flow of −$81.0M.
Questions
What was Flywire's revenue in the first quarter 2025?
Flywire (FLYW) reported revenue of $133M for the first quarter 2025 (Q1 2025), +17% from a year earlier and +14% from the quarter before.
Was Flywire profitable in the first quarter 2025?
Operating loss was $11.0M (-8.2% of revenue) and net loss $4.2M.
Source: Flywire 10-Q on SEC EDGAR.