Flywire Corporation

Good day, and thank you for standing by. Welcome to the FlyWire Third Quarter 2025 Earnings Conference Call. At this time, all participants are on a listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during the session, you will need to press star 11 on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please press star 11 again. Please be advised that today's conference is being recorded. I would now like to hand the conference over to your speaker today, Masha Khan, Vice President of Investor Relations. Please go ahead.

Thank you, and good afternoon. With us on today's call are Mike Massera, Chief Executive Officer, Rob Orgel, President and Chief Operating Officer, and Kazan Pitikai, Chief Financial Officer. Our third quarter 2025 earnings press release supplemental presentation and when filed, Form 10-Q can be found at ir.flywire.com. During the call, we'll be discussing certain forward-looking information. Actual results could differ materially from those contemplated by these forward-looking statements. We'll also be discussing certain non-GAAP financial measures. Please refer to our press release and SST filings for more information on the risks regarding these forward-looking statements that could cause actual results to differ materially and the required disclosures and reconciliations related to non-GAAP financial measures. This call has been webcast live and will be available for replay on our website. I would now like to turn the call over to Mike Mathair.

Thanks, Masha. This quarter reinforced Flywire's leadership as a trusted partner for modern payments. Our results underscore Flywire's strong execution, resilient business model, and expanding client demand across markets, supported by macro conditions that were better than expected. We signed more than 200 new clients across our four verticals, a clear sign of both the consistency of our execution and the global relevance of our products and platform. Flywire continued to win where it matters the most, winning new clients, expanding existing client relationships, and doing so across verticals and across geographies. Our focus remains on three priorities, optimize go-to-market excellence, accelerate product innovation, and cultivate high-performing teams. And in Q3, we delivered across all three. Our sales, client success, and operations teams executed at a high level, keeping us on track to exceed our ARR contract signing goals for the year. Flywire is increasingly the partner of choice for organizations looking to modernize complex payment flows, consolidate vendors, and drive measurable ROI. Our diversification strategy is delivering results with education growth now extending well beyond our traditional big four markets. More than half of our new education wins this year came from outside those markets, reflecting the strength of our global reach. Within education, our student financial software platform was a major growth driver in Q3, as institutions continue to consolidate all payments with Flywire to improve collections and protect revenue. Our collection management solution within SFS has helped institutions recover more than 360 million in past due tuition. deliver 72 million in pre-collection savings, and preserve over 177,000 student enrollments, demonstrating our impact on both institutional health and student success. Our value proposition is clear and differentiated. We bring together industry-specific software in deep expertise and payments into one integrated offering. This unique combination positions Flywire as a comprehensive solution partner. with our ability to solve the most complex domestic and international payment challenges, often becoming the entry point to deeper client relationships. In our travel vertical, client momentum remains strong, helping to grow this business into a meaningful contributor to total company revenue. Our integration of Certify continues to unlock new workflows, cross-sell opportunities, and incremental monetization potential. In healthcare, revenue growth approached our organic corporate average in the third quarter, driven by recent wins with large enterprise customers. B2B continues to grow at multiples of overall company revenue growth, reflecting strong demand for our invoice to cash capabilities. Product innovation remains a key priority as we continue to leverage technology across the business to deliver results. Our teams are using AI to drive greater scale efficiency and precision from automated prototyping and code conversion that reduce migrations from months to weeks to data driven insights that enhance the client experience. We are also seeing growing interest from clients and expanding their use of Flywire solutions as they look to streamline more of their payment operations through a single trusted partner. Our success reflects years of investment in go-to-market execution, product innovation, and a culture built on relentless client focus. Flywire's evolution from a cross-border payments company to a diversified global software and payments leader is well underway. And the opportunity ahead is significant as we aim to deepen client relationships, expand market share, and drive durable high-margin growth. Finally, none of this happens without our FlyMates. Their creativity, discipline, and focus on results drive our performance and client success every day. Together, we have built a culture that values accountability, impact, and growth, reflected in high engagement and talent across our teams. Flywire is built for the long term, resilient, scalable, and positioned to lead. With that, I'll turn the call over to Rob to share more on our operational performance for the quarter.