Filing Flows › Flywire (FLYW) › Q1 2026
Flywire (FLYW) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 6, 2026
Flywire (FLYW) reported revenue of $188M for the first quarter 2026 (Q1 2026), +41% from a year earlier and +19% from the quarter before. Operating margin was 5.7%, net earnings $12.5M (6.7% of revenue).
Flywire, Q1 2026: revenue $188M (+41% year over year), operating margin 5.7%, net earnings $12.5M, operating cash flow −$15.8M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $188M | +19% | +41% |
| Operating profit | $10.8M | — | — |
| Net earnings | $12.5M | 379× | — |
| Operating cash flow | −$15.8M | -424% | — |
What changed
Revenue was $188.1M in Q1 2026, up 41% year over year and up 19% from the previous quarter. Transactions was the largest line at 83% of revenue. Transactions added $46.7M year over year (up 43%), 85% of the total change.
Operating profit was $10.8M, a 5.7% margin (up 14.0 points year over year). Total costs grew 23% against revenue growth of 41%. The fastest-growing cost line was Other operating costs (+34%). Net earnings were $12.5M. The effective tax rate was 14.8%. Non-operating items added $3.9M, 27% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$15.8M. Non-cash charges added back $8.0M of depreciation and amortization and $17.5M of share-based compensation. Working capital and other items used $53.9M. Capital expenditures of $139K exceeded it, leaving free cash flow of −$16.0M.
Questions
What was Flywire's revenue in the first quarter 2026?
Flywire (FLYW) reported revenue of $188M for the first quarter 2026 (Q1 2026), +41% from a year earlier and +19% from the quarter before.
Was Flywire profitable in the first quarter 2026?
Operating profit was $10.8M (5.7% of revenue) and net earnings $12.5M.
Source: Flywire 10-Q on SEC EDGAR.