Flywire Corp. (FLYW) shares skyrocketed more than 20% in pre-market trading on Wednesday, following the release of its impressive second-quarter 2025 financial results. The global payment solutions provider significantly outperformed analyst expectations, demonstrating robust growth and improved profitability.

The company reported Q2 revenue of $131.89 million, representing a substantial 27.2% year-over-year increase and handily beating the consensus estimate of $120.67 million. Flywire's adjusted EBITDA also surpassed expectations, coming in at $16.6 million compared to the analyst forecast of $10.1 million. Additionally, the company achieved an adjusted gross margin of 61.1%, underlining its operational efficiency.

Several factors contributed to Flywire's strong performance. The successful integration of Sertifi added 12 percentage points to revenue growth, while the company signed nearly 200 new clients across all verticals and saw significant expansion in its travel segment. Despite reporting a net loss of $12.01 million, Flywire's overall financial health appears robust, prompting management to reaffirm its full-year 2025 revenue guidance and raise its adjusted EBITDA margin outlook. In response to the stellar results, JP Morgan raised its target price for Flywire from $9 to $14, further boosting investor confidence. The combination of strong Q2 performance, positive future prospects, and analyst upgrades likely fueled the substantial pre-market stock price surge.