---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-035188"
form_type: "8-K"
ticker: "FLYW"
cik: "0001580560"
company_name: "Flywire Corp"
filed_at: "2025-02-25T23:59:59+00:00"
generated_at: "2026-05-26T04:45:45.207044+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Flywire acquires Sertifi for $330M, Q4 revenue up 17%, plans 10% workforce reduction

## Summary
- Acquired Sertifi, a hospitality payments platform, for $330M cash plus up to $10M contingent and $10M RSUs; funded with cash and $125M from credit facility.
- Q4 2024 revenue $117.6M (+17% YoY), revenue less ancillary services $112.8M (+17.4%), adjusted EBITDA $16.7M (14.8% margin, +680 bps).
- Approved restructuring: workforce reduction of ~10%, expected charges $7-9M ($5-6M cash), majority in Q1 2025.
- FY2025 guidance: revenue less ancillary services growth 10-14% FX-neutral, adjusted EBITDA margin +200-400 bps; Sertifi expected to add $30-40M revenue.
- Company launching operational and business portfolio review to optimize investments and focus on core strengths.

## SEC filing metadata
- accession: 0001193125-25-035188
- form_type: 8-K
- ticker: FLYW
- cik: 0001580560
- company_name: Flywire Corp
- filed_at: 2025-02-25T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 2.01, 2.02, 2.05, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1580560/000119312525035188/0001193125-25-035188-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1580560/000119312525035188/d843798d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-035188
- JSON: https://secwatch.observer/filing/0001193125-25-035188.json
- Plain text: https://secwatch.observer/filing/0001193125-25-035188.txt

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