Overview

• A federal securities class action has been filed against Flywire and certain officers alleging materially misleading statements to investors.
• The putative class covers purchases from February 28, 2024 through February 25, 2025, with a September 23, 2025 deadline to seek lead‑plaintiff status.
• On February 25, 2025, Flywire missed fourth‑quarter estimates, reported a $15.9 million net loss, cut 2025 guidance, and announced a restructuring that included a roughly 10% workforce reduction.
• Shares fell about 37.4% on February 26, 2025 following the disclosures.
• Flywire’s CFO said revenue in Canada and Australia was expected to drop more than 30% year over year due to policy changes and new visa rules, noting similar U.S. headwinds.