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Flywire (FLYW)
NASDAQ:FLYW
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Earnings Data
Report Date
Feb 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
>-$0.01Last Year’s EPS
$0.01Same Quarter Last Year
Strong Buy
Based on 9 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: 10.00%
|Next Earnings Date:Feb 26, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong overall company growth, especially in revenue and adjusted EBITDA. There was notable expansion in the travel and B2B verticals and a return to growth in healthcare. However, challenges in the Canadian and Australian education markets posed significant headwinds. Despite these issues, the company maintained strong financial performance and cash position, showing resilience and effective cost management.Company Guidance
During the Flywire Q3 2024 earnings call, the executives provided several key metrics indicating strong performance and future guidance. Revenue less ancillary services reached $151.4 million, marking a 29.6% year-over-year increase. Adjusted gross profit rose to $101.9 million, up 27.2% from the previous year. The company reported an adjusted EBITDA of $42.2 million, showing a $14.7 million increase year-over-year, with the adjusted EBITDA margin expanding by nearly 429 basis points. The company aims to double its revenue over the next several years while maintaining a Rule of 40 status, balancing strong top-line growth with margin expansion and cash flow generation. The company also highlighted its robust client base of over 4,000 across 50 countries and a significant increase in total payment volume, highlighting its diversified revenue streams and efficient cost management strategies.Record Revenue Growth
Revenue less ancillary services was $151.4 million in Q3 2024, representing a 29.6% year-over-year growth rate.
Strong Adjusted EBITDA Performance
Adjusted EBITDA was $42.2 million for the quarter, increasing by $14.7 million year-over-year, with adjusted EBITDA margin expanding by nearly 429 basis points.
Expansion in Travel and B2B Verticals
Added over 200 clients across all core verticals with significant growth in the travel vertical and B2B growing well above the corporate average.
Healthcare Segment Returns to Growth
The healthcare vertical returned to modest year-over-year revenue growth, driven by new clients and expanded relationships.
Strong Cash Position and Share Repurchase
Ended the quarter with $721.5 million in cash, cash equivalents, and investments, and repurchased 1.3 million shares for roughly $23 million.
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FLYW Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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FLYW Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $18.30 | $20.99 | +14.70% |
| Aug 06, 2024 | $17.77 | $18.27 | +2.81% |
| May 07, 2024 | $20.54 | $17.24 | -16.07% |
| Feb 27, 2024 | $24.52 | $28.85 | +17.66% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Flywire (FLYW) report earnings?
Flywire (FLYW) is schdueled to report earning on Feb 26, 2025, TBA Not Confirmed.
What is Flywire (FLYW) earnings time?
Flywire (FLYW) earnings time is at Feb 26, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FLYW EPS forecast?
FLYW EPS forecast for the fiscal quarter 2024 (Q4) is >-$0.01.
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