Flywire shares surge to 52‑week high after earnings beat

Flywire Corporation's stock reached a new 52‑week high, climbing to $18.98 intraday and closing near $18.82 on strong trading volume. The surge followed the company's earnings release, which reported earnings per share of $0.10 for the quarter ending May 5, beating analysts' expectations of $0.03. Revenue jumped 40.9% year‑over‑year to $184 million, delivering a net margin of 4.45% and a return on equity of 3.78%.

The company, a global payments enablement firm focused on education, healthcare, travel and B2B sectors, also highlighted recent partnerships and integrations, such as a deal with Scholarship America and connections to Workday and Oracle platforms. Insider activity included sales by director Mohit Kansal (54,543 shares at $15.15) and general counsel Peter Butterfield (6,528 shares at $15.08), with insiders having sold about 410,000 shares in the past three months. Institutional investors added positions, notably AQR Capital Management and Millennium Management, which increased its stake to a value of roughly $12.6 million.