Flywire Corp (FLYW) shares surged 20.23% in pre-market trading on Wednesday, following the company's impressive second-quarter 2025 financial results and a target price upgrade from JP Morgan. The global payment solutions provider significantly outperformed analyst expectations, demonstrating robust growth and improved profitability.

Flywire 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. While the company reported a quarterly loss of $0.10 per share, slightly below analyst expectations, investors focused on the strong top-line growth and improved operational efficiency. The company's adjusted EBITDA also surpassed expectations, coming in at $16.6 million compared to the analyst forecast of $10.1 million.

Adding to the positive sentiment, JP Morgan raised its target price for Flywire from $9 to $14, reflecting increased confidence in the company's growth prospects. The strong Q2 performance was driven by several factors, including the successful integration of Sertifi, which contributed 12 points to revenue growth, and the signing of nearly 200 new clients across all verticals. Despite reporting a net loss, Flywire's management reaffirmed its full-year 2025 revenue guidance and raised its adjusted EBITDA margin outlook, further fueling investor enthusiasm and contributing to the substantial pre-market stock price increase.