Expensify, Inc. ( (EXFY) ) has released its Q3 earnings. Here is a breakdown of the information Expensify, Inc. presented to its investors.
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Expensify, Inc., a company specializing in expense management, corporate cards, and travel solutions, has released its third-quarter 2025 earnings report, highlighting its financial performance and strategic initiatives. The company, known for its innovative approach and user-friendly platform, continues to serve a diverse clientele across various industries.
In the latest earnings report, Expensify announced a growth in total interchange from the Expensify Card to $5.4 million, marking an 18% increase compared to the previous year. Despite a slight decrease in revenue by 1% to $35.1 million, the company generated $4.2 million in cash from operating activities and maintained a free cash flow of $1.2 million. Expensify also reported a net loss of $2.3 million, slightly higher than the $2.2 million loss in the same period last year.
Key highlights from the report include a significant 36% increase in quarterly travel bookings and a 95% rise since the first quarter of 2025. Expensify has also become the official Travel and Expense partner of the Brooklyn Nets, showcasing its expanding influence in the sports sector. The company introduced an upgraded Concierge AI, designed to enhance user experience by providing seamless, multi-modal, and contextual assistance.
Despite a 6% decrease in paid members to 642,000, Expensify remains optimistic about its future. The company repurchased approximately $3.0 million worth of its Class A common stock, reflecting confidence in its long-term growth prospects. Expensify’s management continues to focus on migrating customers to the New Expensify platform, which has been well-received by users.
Looking ahead, Expensify maintains its free cash flow guidance for the fiscal year 2025, projecting between $19.0 million and $23.0 million. The company remains committed to leveraging its technological advancements and strategic partnerships to drive growth and enhance shareholder value.