Flywire reported earnings per share of USD 0.01 for Q4 2023, compared to a loss per share of USD 0.01 recorded in Q4 2022 and beating analyst-estimated loss per share of USD 0.07 for Q4 2023. The company reported a 37.5% YoY growth in total revenue to USD 100.5 million for Q4 2023, from USD 73.1 million recorded in Q4 2022 and beating analyst-estimated total revenue of USD 88.7 million for Q4 2023.

The company reported a loss per share of USD 0.07 for FY2023, compared to a loss per share of USD 0.36 recorded for FY2022, but beats analyst-estimated loss per share of USD 0.15 for FY2023. It reported a 39.3% YoY growth in total revenue to USD 403.1 million for FY2023, from USD 289.4 million recorded in FY2022 and beating analyst-estimated total revenue of USD 383.3 million for FY2023.

Flywire reported a significant growth in clients signed and revenue realization from existing clients in Q4 2023, which led to more than 700 clients signed across different verticals such as education, travel, and healthcare for FY2023.

Flywire continued to expand its higher education footprint globally and strengthened its payment network through partnerships such as with the State Bank of India and two other largest banks in India and WeChat Pay in China. The company also continued its spree of strategic M&A initiatives with the acquisition of Australia-based StudyLink .

Flywire expects to generate total revenue in the range of USD 110 million–117 million for Q1 2024 (implying a YoY growth of 16.5%–23.9%) and USD 501 million–535 million for FY2024 (implying a YoY growth of 24.3%–32.7%). It also anticipates achieving adjusted EBITDA in the range of USD 9 million–11 million for Q1 2024 (implying a YoY growth of 28.6%–57.1%) and USD 65 million–76 million for FY2024 (implying a YoY increase by 54.8%–81.%).