Investors involved with Flywire Corporation (FLYW) are urged by Law Offices of Frank R. Cruz to consider filing a securities fraud class action lawsuit.

Investors involved with Flywire Corporation (FLYW) are urged by Law Offices of Frank R. Cruz to consider filing a securities fraud class action lawsuit.

A class action lawsuit has been filed against Flywire Corporation (FLYW) by the Law Offices of Frank R. Cruz, alleging securities fraud against the company and certain executives. The lawsuit, which was filed on behalf of investors who purchased Flywire securities between February 28, 2024 and February 25, 2025, accuses the company of making false or misleading statements and failing to disclose material information about the sustainability of its revenue growth and the adverse impact of visa and permit restrictions on its business.

The lawsuit claims that Flywire overstated its revenue growth strength and understated the negative effects of tightening student visa policies in key markets like Canada and Australia, which began in late 2023 and early 2024. The company's financial results for Q4 and fiscal year 2024, released on February 25, 2025, missed revenue and earnings expectations, with a loss per share of $0.12 and revenue of $117.6 million, both below consensus estimates.

During the concurrent investor conference call, Flywire’s CFO stated that revenue in Canadian and Australian markets was expected to drop over 30% year-over-year due to recent policy changes and new visa rules adversely affecting demand, with similar headwinds in the U.S. market. The company also disclosed a restructuring plan involving a 10% workforce reduction and lowered its 2025 guidance due to continuing visa-related challenges affecting its largest client vertical, education, which relies heavily on international student enrollments.

Following this disclosure, Flywire’s share price plummeted about 37%, from $17.64 to $11.05 per share. The lawsuit asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, accusing Flywire and its executives of securities fraud for failing to timely and accurately reveal these adverse conditions impacting future revenue prospects.

Investors who suffered a loss on their Flywire Corporation (FLYW) investments have until September 23, 2025 to file a lead plaintiff motion. For more information or to discuss their legal rights, investors can contact the Law Offices of Frank R. Cruz by email at [email protected], by telephone at (310) 914-5007, or visit their website at www.frankcruzlaw.com.

It is important to note that this press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. The press release was issued by Business Wire.

[1] Yahoo Finance. (2025). Flywire Corporation (FLYW) Q4 2024 Earnings Call Transcript. [Online]. Available: https://finance.yahoo.com/news/flywire-corporation-flyw-q4-2024-180000802.html

[2] Business Wire. (2025). Law Offices of Frank R. Cruz Announces Class Action Lawsuit Against Flywire Corporation. [Online]. Available: https://www.businesswire.com/news/home/20250301005662/en/Law-Offices-Frank-R-Cruz-Announces-Class-Action-Lawsuit-Against-Flywire-Corporation

[3] MarketWatch. (2025). Flywire Corporation (FLYW) Q4 2024 Earnings Release. [Online]. Available: https://www.marketwatch.com/story/flywire-corporation-flyw-q4-2024-earnings-release-11677579443

[4] Seeking Alpha. (2025). Flywire Corporation (FLYW) Q4 2024 Earnings Call Transcript. [Online]. Available: https://seekingalpha.com/symbol/FLYW/earnings/4737994-flywire-corporation-flyw-q4-2024-earnings-call-transcript

[5] Google Finance. (2025). Flywire Corporation (FLYW) Stock Price History. [Online]. Available: https://www.google.com/finance?q=FLYW:NASDAQ

1. Investors interested in the news of the class action lawsuit against Flywire Corporation may want to consider the potential impact of the company's cloud-based financial services in relation to visa and permit restrictions, which have affected its revenue and business growth, particularly in key markets like Canada and Australia.
2. As a consequence of the adverse conditions disclosed by Flywire Corporation, which had a significant impact on its revenue prospects, investors who were involved in the business of investing in the company's securities may now be considering alternative opportunities for their portfolio in light of the securities fraud allegations.

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