Flywire (FLYW) Soars to 52-Week High After Swing to Profits

Flywire Corp. (NASDAQ:FLYW) is one of the 10 Stocks Outperforming Wall Street With Monster Returns.

Flywire jumped to a new 52-week high on Wednesday, as investors resumed buying positions following a strong earnings performance that pushed the company to profitability in the first quarter of the year.

At intra-day trade, the stock climbed to a record high of $17.78 before trimming gains to finish the session just up by 20.51 percent at $17.51 apiece.

Photo by RDNE Stock Project on Pexels

In its earnings statement, Flywire Corp. (NASDAQ:FLYW) said that it swung to a net income of $12.5 million in the first quarter of the year from a net loss of $4.16 million in the same period last year.

Revenues, meanwhile, increased by 41 percent to $188.1 million from $133.5 million year-on-year, on the back of a 36.5 percent jump in total payment volumes and more than 200 new client wins during the period.

“We started 2026 with a strong first quarter—above expectations on revenue and adjusted EBITDA, with new client wins across all four verticals. The results reflect what we have been building toward: a durable, scalable business, diversified across verticals and geographies—and one that is increasingly resilient and increasingly profitable,” said Flywire Corp. (NASDAQ:FLYW) CEO Mike Massaro.

Looking ahead, the company is targeting growth of 18 to 24 percent in foreign exchange-neutral revenues, less ancillary services, for both the second quarter and the full-year 2026 periods.

Meanwhile, adjusted EBITDA margin is expected to grow by 175 to 375 basis points for 2026, and by up to 150 bps for the second quarter of the year.

READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. 

Disclosure: None. Follow Insider Monkey on Google News.