Expensify Inc
NASDAQ:EXFY
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Expensify Inc
NASDAQ:EXFY
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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: Full year 2025 revenue was $142.1 million, with Q4 revenue at $35.2 million.
Free Cash Flow: Generated nearly $20 million in free cash flow for 2025, hitting the high end of guidance; 2026 guidance set materially lower at $6–9 million due to higher planned investments.
Paid Members: Average paid members for 2025 were 650,000; January saw a seasonal dip to 626,000.
Net Loss: Net loss for 2025 was $21.4 million, driven mainly by stock-based compensation and F1 movie expenses.
Product Migration: Migration to New Expensify is nearly complete, now at full feature parity for 90% of revenue, and rolled out to 63% of Classic customers.
AI & Product Innovation: Management highlighted advancements in their AI ‘Concierge’ and the launch of new features aimed at driving product-led growth.
Share Repurchase: Repurchased over 4.8 million shares for about $9 million in 2025.
Travel & Card Growth: Travel bookings grew 434% in Q4 YoY, and card interchange increased 24% for the year.
