Expensify Inc
NASDAQ:EXFY
Expensify Inc
Expensify, Inc provides online expense reporting and management services. The company is headquartered in Portland, Oregon and currently employs 144 full-time employees. The company went IPO on 2021-11-10. The Company’s platform helps the smallest to the largest businesses simplify the way they manage money. Its platform is used by people in organizations around the world use Expensify to scan and reimburse receipts from flights, hotels, coffee shops, office supplies and ride shares. The company improves the experience of the actual end users of expense management software. The company designs Expensify to be easy to set up, integrate, configure and use from any device, which has enabled it to serve employees of all types and organizations of all sizes, industries and geographies. The company offers subscription plans for both individuals and businesses that are self-service and payable by credit card. The firm focus on improving the everyday experience of regular employees with an easy-to-use platform , which enables bottom-up business model that is capital efficient and scalable.
Expensify, Inc provides online expense reporting and management services. The company is headquartered in Portland, Oregon and currently employs 144 full-time employees. The company went IPO on 2021-11-10. The Company’s platform helps the smallest to the largest businesses simplify the way they manage money. Its platform is used by people in organizations around the world use Expensify to scan and reimburse receipts from flights, hotels, coffee shops, office supplies and ride shares. The company improves the experience of the actual end users of expense management software. The company designs Expensify to be easy to set up, integrate, configure and use from any device, which has enabled it to serve employees of all types and organizations of all sizes, industries and geographies. The company offers subscription plans for both individuals and businesses that are self-service and payable by credit card. The firm focus on improving the everyday experience of regular employees with an easy-to-use platform , which enables bottom-up business model that is capital efficient and scalable.
Revenue: Q3 revenue was $35.1 million.
Paid Members: Average paid members in Q3 were 642,000, with October flash numbers up to 653,000.
Free Cash Flow: Q3 free cash flow was $1.2 million, with full-year guidance reiterated at $19–23 million.
Net Loss: Net loss for the quarter was $2.3 million.
Product Migration: Significant progress on migrating customers to New Expensify, aiming for full feature parity with Classic by year-end.
AI & Product Innovation: Continued investment in a chat-first, AI-driven product, with an advanced hybrid AI/human support system.
Travel Growth: Expensify Travel bookings grew 36% from Q2 and 95% since Q1.
Customer Win: The Brooklyn Nets adopted Expensify Travel, highlighting product traction.
