Expensify Inc. Class A Common Stock Earnings Recaps
Q3 2025
Nov 7, 2025
Expensify delivered robust performance in Q3 2025 with revenue of $35.1 million and significant growth in travel bookings, supporting strategic new customer wins and product advances.
Key takeaways
- Revenue increased to $35.1 million with average paid members rising to 642,000.
- Travel bookings soared 95% since Q1, underscoring strong demand for Expensify Travel.
- Non-GAAP net income reached $4.3 million, with adjusted EBITDA at $6.5 million.
- Completed significant migration to New Expensify, targeting 90% feature parity with Classic.
- Initiated stock repurchase program totaling $3 million to enhance shareholder value.
Q2 2025
Aug 8, 2025
Expensify reported a year-over-year revenue increase to $35.8 million in Q2 2025 amidst recognition of multiple years of film-related expenses, leading to a net loss of $8.8 million. The company's brand awareness surged significantly following its prominent feature in an F1 movie.
Key takeaways
- Revenue grew to $35.8 million, with total interchange also up year-on-year at $5.3 million.
- Free cash flow increased by 10% year-over-year to $6.3 million, prompting a raised annual guidance of $19 million to $23 million.
- Significant brand awareness boost, including a 350% rise among the critical 18-24 age demographic, attributed to exposure from the F1 movie that featured the Expensify logo extensively.
- Seasonality effects noted in July with member count dropping to 641,000, although generally expected during summer months.
- Continued investment in global bank support with over 10,000 banks integrated, enhancing the platform's appeal internationally.