---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-139432"
form_type: "8-K"
ticker: "FLYW"
cik: "0001580560"
company_name: "Flywire Corp"
filed_at: "2023-05-09T23:59:59+00:00"
generated_at: "2026-06-15T09:07:51.413017+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "medium"
source: SEC EDGAR
---

# Flywire Q1 revenue up 46% to $94.4M; net loss narrows to $3.7M

## Summary
- Revenue $94.4M (+46.1% YoY); Revenue Less Ancillary Services $89.1M (+50.3%, +56.9% constant currency).
- Total Payment Volume $5.7B (+35.8% YoY); Gross margin 61.8%, adjusted gross margin 67.2%.
- Net loss improved to $3.7M from $10.1M in Q1 2022.
- Record sales quarter achieved — largest in company history with record number of clients signed.
- Provided Q2 and FY2023 outlook (specific guidance not detailed in provided excerpt).

## SEC filing metadata
- accession: 0001193125-23-139432
- form_type: 8-K
- ticker: FLYW
- cik: 0001580560
- company_name: Flywire Corp
- filed_at: 2023-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: medium
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1580560/000119312523139432/0001193125-23-139432-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1580560/000119312523139432/d421098d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-139432
- JSON: https://secwatch.observer/filing/0001193125-23-139432.json
- Plain text: https://secwatch.observer/filing/0001193125-23-139432.txt

## Key facts
- Earnings Releases
  Flywire Corp reported first quarter ended March 31, 2023 results: revenue $94.4 million, net income Net loss was $3.7 million.
  - Period: first quarter ended March 31, 2023
  - Revenue: $94.4 million
  - Net income: Net loss was $3.7 million
  - Result: preliminary results
  source text: ahead, and we are eager to capitalize on our momentum as we progress throughout the year.” First Quarter 2023 Financial Highlights: GAAP Results • Revenue increased 46.1% to $94.4 million in the first quarter of 2023, compared to $64.6 million in the first quarter of 2022. • Gross Profit increased to $58.3 million, resulting in Gross Margin of 61.8%, for the first
  evidence_url: https://www.sec.gov/Archives/edgar/data/1580560/000119312523139432/0001193125-23-139432-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.