Expensify, Inc.
1.6900-0.02 (-1.17%)
Oct 28, 4:00:02 PM EDT · NasdaqGS · EXFY · USD
Key Stats
Market Cap
156.58MP/E (TTM)
-Basic EPS (TTM)
-0.17Dividend Yield
0%Recent Filings
8-K
Expensify secures $7.5M LOC facility
Expensify entered a Letter of Credit Facility and Security Agreement with CIBC on October 9, 2025, replacing its prior terminated loan agreement while securing a $7.5 million outstanding irrevocable standby letter of credit and enabling future issuances. No draws exist on the LOC, but the deal grants CIBC a security interest in substantially all assets, including intellectual property, with 1.5% fees on new letters and covenants mandating minimum qualified cash at twice outstanding L/C obligations. This setup maintains financial flexibility yet ties up collateral amid post-revolving credit termination.
8-K
Expensify Q2 revenue up 7%
Expensify reported Q2 2025 revenue of $35.8 million, up 7% year-over-year, while paid members dipped 5% to 652,000. Interchange from the Expensify Card surged 31% to $5.3 million, fueling a $3.0 million share repurchase. International push adds card access in the UK and EU this month. Free cash flow hit $6.3 million. Brand visibility soars via F1 movie.
10-Q
Q2 FY2025 results
Expensify's Q2 FY2025 results show revenue dipping 2% y/y to $48.2M but edging up 1% q/q (derived), with gross margin holding steady at 81.2% amid cost controls. Operating loss narrowed to $4.1M from $6.3M y/y, while net loss improved to $3.8M, the difference mainly from lower stock-based compensation and interest expenses. Diluted EPS of -$0.05 aligns with 80.5M weighted-average shares, no anti-dilution noted. Cash from operations reached $5.2M, yielding free cash flow of $4.8M after $0.4M capex; quarter-end cash stood at $42.1M with no debt. Revenue skewed 85% to subscriptions. Competition from larger players remains a key risk.
8-K
Expensify terminates loan agreement
Expensify terminated its Second Amended and Restated Loan and Security Agreement with CIBC on July 1, 2025, with no borrowings outstanding or penalties incurred. All obligations were settled in full, liens released, and collateral returned, freeing the company from credit facility constraints. This clean exit bolsters financial flexibility amid ongoing operations.
8-K
Annual meeting elects directors
Expensify's stockholders unanimously elected its eight director nominees at the June 13, 2025, annual meeting, with over 96% support for each. They also ratified KPMG LLP as auditors for 2025 and approved executive compensation on an advisory basis. All votes passed decisively. This continuity bolsters governance stability amid ongoing operations.
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