Expensify, Inc. (EXFY)
NASDAQ:EXFY
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Earnings Data
Report Date
Aug 06, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.02Last Year’s EPS
-0.03Same Quarter Last Year
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presented a mix of positives and negatives. Management emphasized strong profitability metrics (non‑GAAP net income, adjusted EBITDA), positive cash generation (with an adjusted free cash flow view after a one‑time legal charge), product momentum (30+ improvements), partnership expansion, BYOC progress and promising April paid user growth. Offsetting these were continued top‑line pressure with revenue down 6% YoY, average paid members down 4% YoY, a GAAP net loss, a one‑time legal payment that reduced reported free cash flow, and platform performance issues for larger customers slowing migration. Management reiterated conservative free cash flow guidance while signaling potential for an inflection driven by product migration and upcoming AI capabilities. Overall, the call balanced near‑term challenges with clear operational and product progress.Company Guidance
Interchange Revenue Growth
Total interchange revenue was $5.5 million, up 10% year‑over‑year, driven by continued performance of the Expensify Card.
Profitability Metrics and Cash Generation
Non‑GAAP net income was $3.6 million and adjusted EBITDA was $6.2 million. The company generated positive operating cash flow ($0.1 million) and $2.5 million of free cash flow in the quarter.
Free Cash Flow Adjusted for One‑Time Charge
The quarter included a one‑time legal payment of $2.6 million related to a settled class action; absent that payment, free cash flow would have been roughly $5 million.
April Paid Active Members Improvement
Average paid members for Q1 were 632,000 (down 4% YoY), but paid active members in April increased to 641,000, an encouraging sequential sign of recovery.
Product Velocity and Feature Releases
Delivered more than 30 product improvements in Q1 (receipt rotation, bulk card assignment, Home tab, merchant/itemized receipt rules, GPS miles tracking, virtual card controls, faster report creation, CSV member imports, etc.), improving automation and usability.
Strategic Partnerships and Integrations
Expanded distribution with renewed referral programs (ANZ, Kiwibank), partnership with Institute of Commercial Payments, new ERP relationships (Campfire, Rillet) and a travel integration with American Airlines.
Migration Progress to New Platform
Approximately 60% of Classic customers have migrated to the new Expensify platform, reflecting substantial progress in product adoption.
Forward‑Looking Growth Initiatives
Management highlighted BYOC (Bring Your Own Card) acceleration to reduce adoption friction and noted major AI capabilities slated for June, positioning the company for a potential future inflection point.
EXFY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
EXFY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 07, 2026 | $1.11 | $1.02 | -7.66% |
Feb 26, 2026 | $1.24 | $0.95 | -23.39% |
Nov 06, 2025 | $1.57 | $1.37 | -12.74% |
Aug 07, 2025 | $1.94 | $1.70 | -12.37% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Expensify, Inc. (EXFY) report earnings?
Expensify, Inc. (EXFY) is schdueled to report earning on Aug 06, 2026, After Close (Confirmed).
What is Expensify, Inc. (EXFY) earnings time?
Expensify, Inc. (EXFY) earnings time is at Aug 06, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is EXFY EPS forecast?
EXFY EPS forecast for the fiscal quarter 2026 (Q2) is 0.02.