EX

Expensify Inc. Class A Common Stock Earnings Recaps

EXFY Information Technology 3 recaps
Next earnings: November 5, 2026 (estimated) · full calendar
Q2 2026 Aug 8, 2026

Expensify's shares surged 33.2% following better-than-expected profitability improvements and a significant share repurchase program, signaling investor approval despite ongoing revenue decline and paid member softness.

Key takeaways
  • Q2 revenue declined year-over-year to $33.9 million, reflecting ongoing top-line pressure.
  • Average paid members decreased slightly to 640,000 in Q2 and 634,000 in July, consistent with typical seasonality but showing limited growth momentum.
  • Operating cash flow was $8.4 million, with free cash flow rising 2% year-over-year to $6.4 million and up 162% sequentially.
  • GAAP net loss narrowed substantially to $3.9 million from $8.8 million a year ago; non-GAAP net income turned positive at $3.4 million.
  • Management increased full-year free cash flow guidance from $6–$9 million to $12–$14 million, reflecting strong cash generation.
Full recap
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.
Full recap
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.
Full recap

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