Flywire ($FLYW) Education Revenue Collapse, Visa Headwinds Concealment, and Forecast Misrepresentation Case

Court: E.D. New York

Case: 1:25-cv-04110

• FLYW investors filed a claim against Flywire Corporation for concealing international education market risks, misrepresenting growth sustainability, and failing to disclose internal revenue challenges tied to student visa policies in key regions.
• After missing Q4 expectations and revealing restructuring tied to slowing education revenues, FLYW dropped 37.36% on February 26, 2025.
• FLYW investors can join this case to be notified about potential recovery.

Case Details:

Between February 28, 2024, and February 25, 2025, Flywire assured investors that its education payments business was resilient and growing, driven by strength in the U.S., Canada, and Australia. Executives touted consistent demand and robust long-term tailwinds across these markets.

In truth, Flywire was experiencing significant revenue pressure tied to international visa restrictions and policy changes, particularly in Canada and Australia. Internal forecasts showed a double-digit revenue decline and anticipated continued weakness due to macroeconomic and regulatory shifts. Despite this, management continued to guide for growth and dismissed risks on earnings calls.

On February 25, 2025, Flywire reported disappointing Q4 2024 results and acknowledged a “complex macro environment,” including a headcount reduction. On February 26, FLYW plunged 37.36%.

Based on these events, FLYW investors filed a claim against Flywire, alleging the company:

• It misled investors about the strength and sustainability of education-related revenues.
• It failed to disclose material risks from student visa changes in key markets.
• It maintained aggressive forecasts despite knowing of revenue deterioration.

Investors believe Flywire misrepresented its international growth trajectory to support its valuation and avoid adverse market reaction.