Flywire(US:FLYW) Globenewswireยท2025-09-23 15:59Core Viewpoint - A class action lawsuit has been filed against Flywire Corporation for allegedly overstating revenue growth and underestimating the impact of visa-related restrictions on its business during the class period from February 28, 2024, to February 25, 2025 [1][6]. Allegation Details - The lawsuit claims that Flywire failed to disclose that the strength and sustainability of its revenue growth was overstated [6]. - It also alleges that the negative impact of permit- and visa-related restrictions on Flywire's business was understated [6]. Financial Impact - On February 25, 2025, Flywire announced disappointing financial results for Q4 and FY 2024, revealing expected revenue declines of over 30% year-over-year in Canadian and Australian markets due to recent policy changes and new visa rules [6]. - Following this announcement, multiple analysts downgraded their recommendations and cut price targets for Flywire, resulting in a stock price drop of $6.59 per share, or 37.36%, closing at $11.05 on February 26, 2025 [6].