The magnitude of the beat and guidance raise is compelling. The ASR signals management's strong conviction. Monitor Q2 guidance (18-24% FX-neutral growth) for continued execution in a macro environment with US visa headwinds.
Price Chart
Executive Summary
Flywire reported a massive Q1 2026 beat: GAAP revenue of $188.1M (+41% YoY) and EPS of $0.10 vs street consensus of $0.03. Revenue Less Ancillary Services of $184M beat the company's own guidance midpoint of $171M by $13M. Adjusted EBITDA of $39.3M beat the midpoint by $6.9M. Full-year FY2026 guidance was raised: FX-neutral RLAS growth now 18-24% (from 15-21%) and aEBITDA margin expansion +175-375 bps. The company also announced a $50M accelerated share repurchase program.
Key Financial Metrics
Key Facts
- Q1 GAAP revenue $188.1M (+41% YoY) versus street consensus $170.6M
- GAAP EPS $0.10 versus street consensus $0.03
- Revenue Less Ancillary Services $184M, beating guide midpoint of $171M by $13M
- Adjusted EBITDA $39.3M, beating guide midpoint of $32.4M by $6.9M
- FY2026 guidance raised: FX-neutral RLAS growth 18-24% (prev 15-21%), aEBITDA margin +175-375 bps (prev +150-350 bps)
- Announced up to $50M accelerated share repurchase program
- Net income of $12.5M vs loss of $4.2M in Q1 2025
- Total payment volume $11.4B, up 36.5% YoY
Financial Impact
Significant positive impact: revenue beat by ~$13M, EPS beat by $0.07, and guidance raised by 300 bps at midpoint
Risk Factors
- US visa declines down 30% could pressure education revenue
- Gross margin compression from payment processing ramp (200-300 bps decline expected in FY2026)
- Foreign exchange volatility impacts reported results
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001580560-26-000003 |
| Document: flyw-20260505.htm | 0001580560-26-000003 |
| Document: flyw-ex99_2.htm | 0001580560-26-000003 |
| Document: 0001580560-26-000003-index-headers.html | 0001580560-26-000003 |
| Document: 0001580560-26-000003-index.html | 0001580560-26-000003 |
| Document: 0001580560-26-000003.txt | 0001580560-26-000003 |
| 8-K Data (Synthetic) | 0001580560-26-000003 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 5d ago | Press Release | $19.15 | awaiting T+60 | — | $18.74 (−2.14%) |
Sep 15, 2026 5w ago | Insider Cluster | $17.80 | awaiting T+60 | — | $18.74 (+5.28%) |
Sep 10, 2026 6w ago | Insider Cluster | $17.75 | awaiting T+60 | — | $18.74 (−5.58%) |
Sep 3, 2026 7w ago | Insider Cluster | $18.55 | awaiting T+60 | — | $18.74 (−1.02%) |
Aug 19, 2026 9w ago | Press Release | $18.83 | awaiting T+60 | — | $18.74 (−0.48%) |
Aug 12, 2026 10w ago | Press Release | $17.46 | awaiting T+60 | — | $18.74 (+7.33%) |
Aug 7, 2026 11w ago | 144 | $17.78 | awaiting T+60 | — | $18.74 (+5.40%) |
Jul 6, 2026 16w ago | Insider Cluster | $18.55 $17.50 | ▼ −5.66% | ▼ −7.66% | $18.74 (+1.02%) |
Jun 26, 2026 17w ago | Institutional Cluster | $17.54 $17.13 | ▼ −2.37% | ▼ −6.85% | $18.74 (+6.84%) |
Jun 17, 2026 18w ago | Insider Cluster | $15.85 | awaiting T+60 | — | $18.74 (−18.23%) |
US Market Status
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