Archived Investigations

Flywire Corporation (NasdaqGS: FLYW)

Company Name:Flywire Corporation
Stock Symbol:NasdaqGS: FLYW
Court:Eastern District of New York
Class Period Start:02/28/2024
Class Period End (inclusive):02/25/2025
Filing Deadline:The deadline has passed.
July 28, 2025

Flywire and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.

On February 25, 2025, the Company announced its Q4 and FY 2024 financial results, disclosing a loss per share of $0.12 for Q4 2024, missing consensus estimates by $0.12, and revenue of $117.6 million, missing consensus estimates by $1.25 million, which it attributed to “a complex macro environment with significant headwinds,” and that the Company would “undertake an operational and business portfolio review” and certain “efficiency measures” including “a restructuring, which impacts approximately 10% of our workforce.”

The case is Hickman v. Flywire Corporation, et al., No. 25-cv-04110.

Click here to read the first filed complaint.