Flywire Corp misled investors on revenue growth and permit restrictions.

• Flywire Corporation misled investors about revenue growth and permit/visa restrictions. • Class period: February 28, 2024 to February 25, 2025. • Shareholders encouraged to contact Gross Law Firm for possible lead plaintiff appointment. • Appointment not required for recovery. • Visit: https://securitiesclasslaw.com/securities/flywire-corporation-loss-submission-form/?id=159957&from=4 for more information.

Flywire Corporation (NASDAQ: FLYW) is facing a class action lawsuit alleging that the company misled investors about its revenue growth and the impact of permit and visa restrictions on its business. The lawsuit, filed by the law firms Bronstein, Gewirtz & Grossman, LLC and Pomerantz LLP, seeks damages for investors who purchased Flywire securities between February 28, 2024, and February 25, 2025 [1][2].

The complaint alleges that throughout the class period, Flywire made materially false and misleading statements regarding its business, operations, and prospects. Specifically, the complaint claims that the company overstated the strength and sustainability of its revenue growth, understated the negative impact of permit and visa-related restrictions, and failed to disclose these issues to investors [1][2].

Flywire's Chief Executive Officer, Michael Massaro, and Chief Financial Officer, Cosmin Pitigoi, are also named as defendants in the lawsuit. The complaint alleges that these executives made false and misleading statements and failed to disclose the true financial condition of the company [2].

In February 2025, Flywire reported a loss per share of $0.12 for the fourth quarter and fiscal year 2024, missing consensus estimates by $0.12 and $1.25 million, respectively. The company also announced that it would undertake an operational and business portfolio review and certain efficiency measures, including a restructuring that impacts approximately 10% of its workforce. Additionally, Flywire's Chief Financial Officer projected revenue growth of 10-14% for 2025, significantly lower than the previously expected low 20% range [2].

Following these disclosures, multiple analysts downgraded their recommendations on Flywire and cut their price targets, citing poor financial results and unexpected revenue growth. The company's stock price fell $6.59 per share, or 37.36%, to close at $11.05 per share on February 26, 2025 [2].

Investors who purchased Flywire securities during the class period are encouraged to contact Gross Law Firm for more information about the lawsuit and the opportunity to be appointed as a lead plaintiff. Appointment as a lead plaintiff is not required to share in any recovery, and the law firm represents investors in class actions on a contingency fee basis [1].

References:
[1] https://www.globenewswire.com/news-release/2025/08/04/3126832/9788/en/FLYW-INVESTOR-ALERT-Bronstein-Gewirtz-Grossman-LLC-Announces-that-Flywire-Corporation-Investors-with-Substantial-Losses-Have-Opportunity-to-Lead-Class-Action-Lawsuit.html
[2] https://www.morningstar.com/news/pr-newswire/20250806dc43830/pomerantz-law-firm-announces-the-filing-of-a-class-action-against-flywire-corporation-and-certain-officers-flyw