Flywire Corp.'s stock surged 14.11% in pre-market trading following the release of its robust first-quarter fiscal 2026 financial results that significantly exceeded analyst expectations across multiple metrics.
The payment software provider reported quarterly earnings of $0.10 per share, beating the consensus estimate of $0.04 by 150%. Revenue soared 41% year-over-year to $188.1 million, surpassing estimates of approximately $172 million. The company swung to a net income of $12.5 million from a loss in the prior-year period, while adjusted EBITDA rose 81.8% to $39.3 million, also topping expectations.
Further bolstering investor sentiment, Flywire announced an accelerated share repurchase program of up to $50 million and raised its full-year guidance, now expecting 18-24% year-over-year growth in FX-neutral revenue less ancillary services. Analyst Raymond James raised its price target on the stock to $21 from $16, reflecting increased confidence in the company's growth trajectory.