Flywire Corp. (NASDAQ: FLYW) saw its stock price surge 7.87% in after-hours trading on Tuesday, following the release of its impressive first-quarter earnings report that exceeded analyst expectations across key metrics.

The payment software company reported Q1 revenue of $133.5 million, significantly beating the IBES estimate of $123.6 million. This represents a robust 16.96% increase from the same period last year when the company reported sales of $114.10 million. Flywire's bottom line also showed improvement, with quarterly losses narrowing to $(0.03) per share, a 40% reduction compared to losses of $(0.05) per share in the year-ago quarter.

Other highlights from the earnings report include a gross profit of $80.5 million and an adjusted gross margin of 64.1%. The company's adjusted EBITDA came in at $21.6 million, surpassing the IBES estimate of $20 million. In a move that further bolstered investor confidence, Flywire reaffirmed its previous fiscal year 2025 guidance, suggesting continued optimism about its growth trajectory. The strong performance across multiple financial metrics, coupled with the reaffirmed outlook, likely contributed to the significant after-hours stock price appreciation.