EXFY

The Company accepted for purchase 6,053,023 shares of common stock at $1.20 per share, which will result in an approximate 6.8% reduction in Class A common stock outstanding. SAN FRANCISCO, June 12, 2026--(BUSINESS WIRE)--Expensify, Inc. (Nasdaq: EXFY) (the "Company"), the easiest way to manage expenses, corporate cards, and travel, today announced the final results of its modified "Dutch auction" tender offer (the "Tender Offer") to purchase for cash up to $25,000,000 of its outstanding shares of Class A common stock, par value $0.0001 per share ("Class A common stock" or the "shares"), at a price per share not less than $0.98 and not more than $1.20, less any applicable withholding taxes and without interest, which expired at 12:00 midnight, New York City time, at the end of the day on June 10, 2026. The Company accepted 6,053,023 shares of Class A common stock for purchase at the purchase price of $1.20 per share, for a total cost of $7,263,627.60, excluding fees and expenses related to the Tender Offer. The total number of shares accepted for payment represents approximately 6.8% of the Company’s total outstanding shares of Class A common stock as of June 10, 2026. Based on the final count by the depositary for the Tender Offer, a total of 6,053,023 shares of Class A common stock were validly tendered and not validly withdrawn at or below the price of $1.20 per share. Accordingly, the Company will purchase approximately 100% of the shares of stockholders who submitted auction tenders at a price of $1.20 or less per share and purchase price tenders (other than "odd lot" holders, whose shares will be purchased on a priority basis). The depositary for the Tender Offer will promptly pay for the shares accepted for purchase pursuant to the Tender Offer. Payment for shares purchased will be made in cash, without interest, but subject to applicable withholding taxes. The Company will fund the purchase of shares in the Tender Offer with cash on hand. Citizens JMP Securities, LLC, is acting as dealer manager for the Tender Offer. The information agent for the Tender Offer is Georgeson LLC, and the depositary is Computershare Trust Company, N.A. FORWARD-LOOKING STATEMENTS Certain statements made in this press release constitute forward-looking statements, including with respect to the Company’s expectations regarding payment for the shares of Class A common stock...

The Company expects to purchase 6,140,642 shares of common stock at $1.20 per share, resulting in an expected approximate 6.9% reduction in Class A common stock outstanding. SAN FRANCISCO, June 11, 2026--(BUSINESS WIRE)--Expensify, Inc. (Nasdaq: EXFY) (the "Company"), the easiest way to manage expenses, corporate cards, and travel, today announced the preliminary results of its modified "Dutch auction" tender offer (the "Tender Offer") to purchase for cash up to $25,000,000 of its outstanding shares of Class A common stock, par value $0.0001 per share ("Class A common stock" or the "shares"), at a price per share not less than $0.98 and not more than $1.20, less any applicable withholding taxes and without interest, which expired at 12:00 midnight, New York City time, at the end of the day on June 10, 2026. In accordance with the terms and conditions of the Tender Offer and based on the preliminary count by the depositary, the Company expects to repurchase a total of 6,140,642 shares of Class A common stock through the Tender Offer at a price of $1.20 per share, for a total cost of $7,368,770.40, excluding fees and expenses. Based on the preliminary count by the depositary for the Tender Offer, a total of 6,140,642 shares of Class A common stock were validly tendered and not validly withdrawn at or below the price of $1.20 per share, including 717,389 shares that were tendered through notice of guaranteed delivery. The total of 6,140,642 shares that the Company expects to accept for repurchase would result in a reduction of the Company’s total outstanding shares of Class A common stock as of June 10, 2026 of approximately 6.9%. As previously disclosed, the Company expects to fund the purchase of shares in the Tender Offer with cash on hand. "We launched this tender offer because we believed, and continue to believe, Expensify is meaningfully undervalued, and because it gave shareholders flexibility. Shareholders who wanted liquidity had the opportunity to take it, while those who remained invested increased their ownership percentage in the company," said David Barrett, CEO of Expensify. "We remain confident in Expensify’s product, brand, customer base, and long-term opportunity, and we believe repurchasing shares at these levels is an attractive use of capital." "The tender offer was substantially undersubscribed, with $7.4 million of shares tendered agains...

Expensify (EXFY) plans to repurchase about 6.1 million Class A shares at $1.20 per share under its m

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Management attributes the 6% year-over-year revenue decline to ongoing top-line pressure, countered by a strategic focus on business fundamentals and profitability. The 'Bring Your Own Card' (BYOC) strategy was accelerated to remove adoption barriers, allowing customers to automate expenses without switching corporate card providers. Interchange revenue grew 10% year-over-year to $5.5 million, demonstrating the continued performance and scaling of the Expensify Card ecosystem. Product velocity increased with over 30 improvements in Q1, focusing on practical finance workflows, spend visibility, and automated approval routing. Strategic partnerships were expanded through renewals with ANZ and Kiwibank, alongside new ERP integrations with Campfire and Rillet to embed Expensify into existing business systems. The company is transitioning from a traditional expense management tool to a collaborative, AI-focused platform to capture a perceived massive market opportunity. Management anticipates a potential inflection point driven by product momentum, BYOC expansion, and major AI capabilities scheduled for launch in June. Full-year 2026 free cash flow guidance is maintained at $6 million to $9 million, reflecting a conservative outlook despite positive early-quarter trends. April 2026 paid active members rose to 641,000, which management views as an encouraging sign for Q2 performance relative to the Q1 average. Engineering resources are shifting from large capital projects toward hardening performance and rapidly integrating features based on direct customer feedback. The long-term strategy relies on migrating the remaining customer base to 'New Expensify' to leverage modern collaborative and AI features. Free cash flow of $2.5 million was impacted by a one-time $2.6 million legal payment related to a settled class action lawsuit. Operating cash flow of $0.1 million was significantly influenced by the specific timing of customer payments during the quarter. Management identified performance lag for larger customers on the new platform as a current friction point that engineering is actively addressing. The migration process remains a 'carrot-based' approach, avoiding forced transitions to ensure a high-quality user...

Interchange revenue derived from the Expensify Card grew to $5.5 million, an increase of 10% as compared to the same period last year. SAN FRANCISCO, May 07, 2026--(BUSINESS WIRE)--Expensify, Inc. (Nasdaq: EXFY), the easiest way to manage expenses, corporate cards, and travel, today released a letter to shareholders from Founder and CEO David Barrett alongside results for its quarter ended March 31, 2026. A Message From Our Founder In Q1 2026, Expensify continued to advance its growth strategy by expanding distribution partnerships, strengthening its product ecosystem, and accelerating development of New Expensify. The company made progress on its Bring Your Own Card strategy, enabling customers to connect existing corporate and personal cards through integrations with more than 10,000 banks, while adding or renewing strategic relationships with the Institute of Commercial Payments, ANZ Bank, and Kiwibank. Expensify also expanded its commercial ecosystem through new agreements with Campfire ERP and Rillet ERP and a new travel integration with American Airlines. Product development remained strong, with more than 30 improvements shipped during the quarter across Home, Insights, Concierge, card controls, expense automation, reporting, and mobile receipt management, including merchant rules, GPS mileage tracking, enhanced analytics, virtual card controls, and expanded accountant workflows. Together with continued Expensify Card interchange growth, positive free cash flow, and an increase in April 2026 paid active users relative to the Q1 2026 average, these initiatives reflect continued progress toward improving adoption, increasing automation, and positioning the business for future growth. -david Founder and CEO of Expensify Financial First Quarter 2026 Highlights Revenue, net was $34.0 million, a decrease of 6% compared to the same period last year. Generated $0.1 million of cash from operating activities. Free cash flow was $2.5 million, which includes a $2.6 million one time payment related to settling the shareholder class action lawsuit. Net loss was $2.3 million, compared to $3.2 million for the same period last year. Non-GAAP net income was $3.6 million. Adjusted EBITDA was $6.2 million. Interchange revenue derived from the Expensify Card grew to $5.5 million, an increase of 10% compared to the same period last year. See Financial Outlook section for F...

Image source: The Motley Fool. Thursday, May 7, 2026 at 5 p.m. ET Chief Financial Officer — Ryan Schaffer Chief Executive Officer — David Barrett Head of Investor Relations — Niki Wallroth Ryan Schaffer: Thank you, Nikki, and thanks everyone for joining today's call. Let us start with the Q1 financials. Revenue for the quarter was $34 million, down 6% year-over-year. Average paid members were 632,000, down 4% year-over-year. Total interchange revenue was $5.5 million, up 10% year-over-year. While we continue to see pressure on the top line, we are focused on the fundamentals of the business and on returning to growth. Operating cash flow was $100,000, and free cash flow was $2.5 million. The difference in those numbers is largely driven by the timing of customer payments. Our GAAP net loss was $2.3 million. Our non-GAAP net income was $3.6 million, and adjusted EBITDA was $6.2 million. So although revenue has declined, profitability is still strong, and that is a key theme for the business right now. As mentioned, we generated $2.5 million in free cash flow this quarter. It is worth noting that we also had a one-time legal payment of $2.6 million related to the class action lawsuit we have since settled. Absent that payment, we would have seen roughly $5 million of free cash flow this quarter. With that said, we remain conservative in our outlook and are reiterating our full-year 2026 free cash flow guidance of $6 million to $9 million. As always, we like to provide a look into the performance of next quarter's paid active member number. For April 2026, we had 641,000 paid active members, which is an improvement from our Q1 average and what we think is an encouraging sign for the quarter. In conclusion, we are focusing on maintaining strong fundamentals in the business, investing in long-term growth opportunities, migrating customers to new Expensify, Inc., and iterating quickly on their feedback. With that, I will hand it over to David for a product update. David Barrett: Thanks, Ryan. I think the simplest way to frame Q1 is this: we are building a more durable, more profitable business today, setting ourselves up for a much stronger growth story tomorrow. The numbers show the transition, but the product tells you where we are going and how far we have actually come. In Q1, we made meaningful progress in both distribution and product adoption. A major focus...

Interested in Expensify, Inc.? Here are five stocks we like better. Financials: Q1 revenue fell 6% to $34 million and paid members were down 4%, but Expensify delivered non-GAAP net income of $3.6 million, adjusted EBITDA of $6.2 million and free cash flow of $2.5 million (would be ~ $5 million excluding a $2.6 million one‑time legal payment), and management reiterated full‑year FCF guidance of $6–9 million. Customer momentum and migration: April paid active members rose to 641,000 from the Q1 average of 632,000 and roughly 60% of Classic users have been migrated to New Expensify, with management focused on performance improvements to drive further adoption. Product and distribution initiatives: Management is pushing a BYOC card strategy, expanding partnerships and ERP/travel integrations, and rolling monthly product updates to shift the platform toward spend management and automation for long‑term growth. Will Expensify Get Even Cheaper To Buy? Expensify (NASDAQ:EXFY) reported first-quarter 2026 results showing continued top-line pressure alongside positive cash generation and profitability on a non-GAAP basis, as management emphasized ongoing customer migration to “New Expensify” and efforts to position the business for a future return to growth. Chief Financial Officer Ryan Schaffer said Q1 revenue totaled $34 million, down 6% year-over-year. Average paid members were 632,000, down 4% year-over-year. Schaffer highlighted strength in card-related monetization, with total interchange revenue of $5.5 million, up 10% year-over-year. → Berkshire Hathaway’s Record Cash Hoard: Why and What's Next? Schaffer also detailed cash flow and profitability metrics for the quarter. Operating cash flow was $0.1 million and free cash flow was $2.5 million, which he said largely reflected “the timing of customer payments.” On the income statement, Expensify posted a GAAP net loss of $2.3 million, while non-GAAP net income was $3.6 million and adjusted EBITDA was $6.2 million. “While revenue has declined, profitability is still strong, and that's a key theme for the business right now,” Schaffer said. → A Prada Payday: Is AMC Back in Style? Schaffer noted the company made a one-time legal payment of $2.6 million related to a class action lawsuit the company has since settled. Excluding that payment, he said free cash flow would have been “roughly $5 million” for the quarter....

This article first appeared on GuruFocus. Expensify Inc (NASDAQ:EXFY) is set to release its Q1 2026 earnings on May 7, 2026. The consensus estimate for Q1 2026 revenue is $35.07 million, and the earnings are expected to come in at -$0.05 per share. The full year 2026's revenue is expected to be $139.91 million and the earnings are expected to be -$0.18 per share. More detailed estimate data can be found on the Forecast page. Warning! GuruFocus has detected 3 Warning Signs with EXFY. Is EXFY fairly valued? Test your thesis with our free DCF calculator. Over the past 90 days, revenue estimates for Expensify Inc (NASDAQ:EXFY) have declined from $143.36 million to $139.91 million for the full year 2026, and from $149.06 million to $140.06 million for 2027. Earnings estimates have remained stable at -$0.18 per share for the full year 2026 and at -$0.14 per share for 2027. In the previous quarter ending December 31, 2025, Expensify Inc's (NASDAQ:EXFY) actual revenue was $35.20 million, which missed analysts' revenue expectations of $35.50 million by -0.84%. Expensify Inc's (NASDAQ:EXFY) actual earnings were -$0.08 per share, which missed analysts' earnings expectations of -$0.04 per share by -100%. After releasing the results, Expensify Inc (NASDAQ:EXFY) was down by -23.38% in one day. Based on the one-year price targets offered by 2 analysts, the average target price for Expensify Inc (NASDAQ:EXFY) is $1.50, with a high estimate of $1.50 and a low estimate of $1.50. The average target implies an upside of 32.16% from the current price of $1.14. Based on GuruFocus estimates, the estimated GF Value for Expensify Inc (NASDAQ:EXFY) in one year is $2.06, suggesting an upside of 81.50% from the current price of $1.14. Based on the consensus recommendation from 3 brokerage firms, Expensify Inc's (NASDAQ:EXFY) average brokerage recommendation is currently 3.0, indicating a "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.

Join Expensify's earnings call on Thursday, May 7th at 2pm PT / 5pm ET. PORTLAND, Ore., April 23, 2026--(BUSINESS WIRE)--Expensify, Inc. (Nasdaq: EXFY), the easiest way to manage expenses, corporate cards, and travel, today announced that the company’s Q1 2026 financial results will be released after market close on Thursday, May 7th, 2026. Expensify will host a call to discuss its Q1 2026 results on Thursday, May 7th, 2026 at 2pm PT / 5pm ET. The link to the call will be available that day on the company’s Investor Relations website at investors.expensify.com. Prior to the call, interested parties can visit the website to add the event to their calendars. After the call, the following will be made available at investors.expensify.com: A full recording of the call An investor deck and press release summarizing financial results To get started using Expensify or to learn more, head over to use.expensify.com. About Expensify Expensify is the easiest way to do your expenses, travel, and corporate cards. Built for businesses of all sizes and trusted by 15 million members worldwide, Expensify is a top-rated app across G2, TrustRadius, Capterra, and more. Learn more at use.expensify.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20260423491454/en/ Contacts Investor Relations: Nick Tooker, Head of Investor Relations [email protected]

This article first appeared on GuruFocus. Q4 Revenue: $35.2 million. Q4 Average Paid Members: 650,000. Q4 Total Interchange: $5.5 million. Q4 Operating Cash Flow: $2.2 million. Q4 Free Cash Flow: $3.2 million. Q4 Net Loss: $7.1 million. Q4 Non-GAAP Net Loss: $2.1 million. Q4 Adjusted EBITDA: $3.3 million. Fiscal Year 2025 Revenue: $142.1 million. Fiscal Year 2025 Total Interchange: $21.3 million. Fiscal Year 2025 Operating Cash Flow: $20.1 million. Fiscal Year 2025 Free Cash Flow: $19.9 million. Fiscal Year 2025 Net Loss: $21.4 million. Fiscal Year 2025 Non-GAAP Net Income: $5.2 million. Fiscal Year 2025 Adjusted EBITDA: $16.9 million. 2026 Free Cash Flow Guidance: $6 million to $9 million. Q1 2026 Paid Members (January): 626,000. Q4 Travel Bookings Growth: Up 434% compared to Q4 2024. Fiscal Year 2025 Interchange Growth: Increased 24% compared to the prior year. Share Repurchase: Over 4.8 million shares, totaling approximately $9 million. Warning! GuruFocus has detected 4 Warning Signs with EXFY. Is EXFY fairly valued? Test your thesis with our free DCF calculator. Release Date: February 26, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Expensify Inc (NASDAQ:EXFY) generated nearly $20 million in free cash flow for the fiscal year 2025, coming in at the high end of their guidance. The company successfully integrated AI into the user experience, enhancing product capabilities and customer satisfaction. Expensify Inc (NASDAQ:EXFY) entered a multi-year integration partnership with Uber for Business, strengthening its platform's capabilities in corporate travel and expense workflows. The company was recognized with the TrustRadius 2026 Buyers' Choice Award in the Expense Management category, highlighting its value and customer relationships. Expensify Travel bookings increased by 434% in Q4 2025 compared to Q4 2024, indicating strong customer adoption and growth in this segment. Expensify Inc (NASDAQ:EXFY) reported a net loss of $21.4 million for the fiscal year 2025, primarily driven by stock-based compensation and expenses related to the F1 movie sponsorship. The company's free cash flow guidance for 2026 is significantly lower, ranging from $6 million to $9 million, due to increased investments in sales, marketing, and AI. Paid members decreased to 626,000 in January 2026, reflecting typical seasonal...

The company generated $20.1 million in operating cash flow and $19.9 million in free cash flow in fiscal year 2025 SAN FRANCISCO, February 26, 2026--(BUSINESS WIRE)--Expensify, Inc. (Nasdaq: EXFY), a payments superapp that helps individuals and businesses around the world simplify the way they manage money across expenses, corporate cards and bills, today released a letter to shareholders from Founder and CEO David Barrett alongside results for its quarter and year ended December 31, 2025. A Message From Our Founder 2025 was an extremely productive year. We continue to add cash to our debt-free balance sheet, with revenue, interchange, and card spend all up over 2024. But most exciting: New Expensify is now feature-complete for nearly all customers, rolled out to 63% of paying customers, and is the default for all new customers. While we are methodically "nudging" all of our Classic customers over to New Expensify, we are increasingly shifting our engineering focus toward new feature development, in three main areas: Bring your own card. We spent years building a modern spend management platform that offers a corporate card deeply integrated into all things Expensify. But many of our customers, and most of the market, still wants to use their existing corporate card. We’ve been investing heavily in bringing modern spend management functionality, like merchant-based rules, real time transaction import, and smart reconciliation, to customers who want to keep their card. Product-led growth. New Expensify's radical design enables a wide range of "bottom up" features that enable individual employees to "crowdsource" their company's configuration and collectively pressure their company to adopt. This was our primary lead source for growing Classic into a dominant position in the industry, and we are excited to reactivate this in a supercharged fashion atop New Expensify's real-time platform. Accountable Intelligence. New Expensify's chat-first design not only infuses AI into every expense, but is built to be truly "accountable". In a market where every if/then statement is promoted as AI, our Concierge achieves what we feel is a higher level of intelligence by embodying three core principles: Contextual: You don't need to copy/paste, upload, or screenshot your data into a Concierge AI chat: just open a conversational thread directly on the card swipe, expense repo...