Filing Flows › Flywire (FLYW) › Q2 2025
Flywire (FLYW) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 6, 2025
Flywire (FLYW) reported revenue of $132M for the second quarter 2025 (Q2 2025), +27% from a year earlier and -1% from the quarter before. Operating margin was -6.8%, net loss $12.0M (9.1% of revenue).
Flywire, Q2 2025: revenue $132M (+27% year over year), operating margin -6.8%, net loss $12.0M, operating cash flow $26.0M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $132M | -1% | +27% |
| Operating profit | −$9.0M | — | — |
| Net earnings | −$12.0M | — | — |
| Operating cash flow | $26.0M | — | — |
| Free cash flow | $25.4M | — | — |
What changed
Revenue was $131.9M in Q2 2025, up 27% year over year and down 1% from the previous quarter. Transactions was the largest line at 76% of revenue. Transactions added $15.3M year over year (up 18%), 54% of the total change.
Operating costs exceeded revenue by $9.0M, an operating margin of -6.8%. Total costs grew 18% against revenue growth of 27%. The fastest-growing cost line was Other operating costs (+38%). The quarter ended with a net loss of $12.0M, wider than the previous quarter's $4.2M loss. Non-operating items added $4.0M, -79% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $26.0M. Non-cash charges added back $6.8M of depreciation and amortization and $17.5M of share-based compensation. Working capital and other items added $13.7M. Capital expenditures of $547K left free cash flow of $25.4M.
Questions
What was Flywire's revenue in the second quarter 2025?
Flywire (FLYW) reported revenue of $132M for the second quarter 2025 (Q2 2025), +27% from a year earlier and -1% from the quarter before.
Was Flywire profitable in the second quarter 2025?
Operating loss was $9.0M (-6.8% of revenue) and net loss $12.0M.
Source: Flywire 10-Q on SEC EDGAR.