EXFY
Expensify, Inc.1.5600
+0.0200+1.3%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Q&A defends AI moats
Q&A spotlighted Expensify's moats against AI disruption, with David Barrett emphasizing strengths in collaboration—where AI struggles with shared data—and regulated financial networks requiring PCI and AML compliance that agents can't replicate. He framed future AI agents as opportunities, needing spend controls that could add seats. The Q4 paid member uptick, first since Q4 '24, drew seasonal blame from Ryan Schaffer, though migration bolsters retention and growth prospects. AI won't code away financial gatekeeping. Management radiated optimism on riding the AI wave. Investors will track migration-driven user gains amid macro noise.
Key Stats
Market Cap
145.14MP/E (TTM)
-Basic EPS (TTM)
-0.17Dividend Yield
0%Recent Filings
10-K
FY2025 results
Expensify posted FY2025 revenue of $142M, up 2% y/y, with Q4 averaging 650K paid members across 39.7K companies—steady versus Q3's 642K but down from Q1's 657K. Interchange from the Updated Card Program jumped to $21M annually, fueling topline growth despite softer subscription fees from reduced pay-per-use activity; gross margins slipped to 50% on processing costs and lower Legacy Card credits. Q4 marketing surged 109% y/y on F1 movie sponsorship, driving operating loss to $18M while repurchases consumed $9M of a $50M program. Free cash flow held at $20M. Quarterly retention stayed firm at 81% logos/88% seats. Securities litigation settled for $9.5M net.
8-K
Expensify's FY25 cash surge
Expensify reported FY2025 revenue of $142.1M, up 2% yet with paid members down 5% to 650K; strong $19.9M free cash flow fueled debt-free growth. New Expensify rolled out to 63% of customers, boosting card interchange 24% to $21.3M. Cash built the balance sheet. FY2026 FCF guidance: $6M-$9M amid sales ramp-up.
8-K
COO resigns, board appoints engineer
Expensify's COO Anu Muralidharan resigned from her role and board seat on December 29, 2025, without disagreements; Chief Strategy Officer Daniel Vidal assumes her duties. Company signed a $550,000 separation deal, paid in thirds, for her claim release. Engineering Director Carlos Alvarez Divo fills the board vacancy through 2026. Smooth transition ahead.
8-K
Q3 revenue flat, card up 18%
Expensify reported Q3 revenue of $35.1M, down 1% y/y, yet interchange from its card surged 18% to $5.4M while travel bookings jumped 36% quarterly, 95% since Q1. Free cash flow hit $1.2M; FY'25 guidance holds at $19-23M. Brooklyn Nets adopted Expensify Travel. Paid members dipped 6%. Concierge AI rolled out.
10-Q
Q3 FY2025 results
Expensify's 10-Q filing header reveals Q3 ended September 30, 2025, with 80.8M Class A shares outstanding as of November 3. Financial statements and MD&A follow standard structure, but specific topline, profitability, or balance sheet figures remain undisclosed in the provided excerpt. No revenue, EPS, cash flow, or debt metrics appear for y/y or q/q analysis. Non-GAAP metrics not disclosed in the 10-Q. Liquidity and M&A details absent. Competition pressures spending categories.
IPO
Website
Employees
Sector
Industry