Expensify

Expensify, Inc provides online expense reporting and management services. Its services include SmartScanning, Guaranteed eReceipts, receipt forwarding and receipt apps and partners. The company was founded by David Barrett and Witold Stankiewicz on May 1, 2008 and is headquartered in Portland, OR.

Earnings data Q3 2021

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Expensify reports solid 2022 performance, eyes growth opportunities in 2023

Expensify's 2022 performance showcased revenue growth, strong cash flow, and successful initiatives to drive organic growth and transition users to subscription models.
While facing challenges of lower revenue growth and customer conversion uncertainties, the company's diversified customer base and focus on fair compensation present strengths and growth opportunities.
With a strategic focus on market expansion, customer support, and revenue stability, Expensify is poised for growth in 2023, leveraging new sales representatives and ongoing platform enhancements.

Expensify reports stable Q1 revenue, eyes growth through product innovation

Expensify's Q1 performance showed revenue stability with a focus on user engagement and retention amidst economic challenges.
The company's strengths lie in product innovation, customer retention efforts, and opportunities in new product adoption and business travel resurgence.
Challenges include revenue stability issues, customer activity impact, and the need for targeted retention strategies for smaller businesses.
Expensify is well-positioned to capitalize on opportunities through product enhancements, revenue diversification, and market expansion strategies.

Expensify reports solid Q2 earnings, focuses on long-term growth

Expensify's Q2 2023 performance reflects resilience amidst challenges, with a focus on long-term growth through strategic investments and revenue stabilization.
The company's strengths lie in its unique customer acquisition model, successful transition to subscription-based revenue, and commitment to optimizing operations.
Challenges from the economic environment and competition require a balanced approach to growth and profitability, with opportunities in global expansion and product enhancement.
Expensify's strategic focus on rebuilding with a new platform and enhancing marketing and sales channels positions it well for future growth and profitability.

Expensify reports Q3 revenue decline but sees growth opportunities ahead

Expensify's Q3 performance reflects challenges in revenue decline but strengths in paid member growth and strategic product initiatives.
The company aims to improve financial health by reducing expenses, transitioning to new revenue models, and optimizing operational efficiency.
While facing challenges like reduced user activity and churn, Expensify sees opportunities in international expansion, product enhancements, and competitive positioning.
Overall, Expensify is navigating a changing landscape with a focus on sustainable growth, operational efficiency, and customer-centric strategies.

Expensify reports solid Q4 earnings, eyes growth through new programs

Expensify's Q4 2023 earnings call highlighted steady revenue growth, cost-cutting measures, and a focus on new revenue streams. While facing challenges in customer acquisition and subscription revenue, the company is strategically positioned for growth. Opportunities in SEO enhancements, new card programs, and operational improvements pave the way for future success.

Expensify reports robust Q1 earnings, eyes market expansion opportunities

Expensify's Q1 2024 performance reflects strong financials and strategic initiatives aimed at sustainable growth and market expansion.
While facing challenges in transitioning customers to the new card program and combating churn, the company's focus on cost optimization and revenue stream enhancement positions it well for future success.
By leveraging its strengths in product innovation and community collaboration, Expensify has the potential to capitalize on opportunities in untapped markets and drive further growth.

Expensify reports robust Q2 earnings, eyes revenue growth opportunities

Expensify's Q2 2024 earnings call reflects strong financial performance, profitability, and strategic initiatives driving revenue growth and innovation.
The company's focus on enhancing interchange revenue, expanding customer base, and launching new products underscores its commitment to sustainable growth.
While facing challenges in migration and capital allocation, Expensify is well-positioned to leverage opportunities in market expansion and product adoption for future success.

Expensify beats revenue forecasts, eyes automation for sustained growth

Expensify delivered strong financial results in Q3, surpassing revenue expectations and demonstrating operational efficiency.
While facing challenges in user growth and profitability, the company's focus on innovation and cost-effective marketing strategies bode well for future success.
Opportunities lie in revenue diversification, automation initiatives, and improving customer acquisition channels for sustained growth.
Overall, Expensify's performance highlights resilience and strategic adaptability in a competitive market landscape.

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Expensify, Inc. engages in the provision of a cloud-based expense management software platform that helps the smallest to the largest businesses simplify the way they manage money. It operates under the United States and All Other Locations geographical segments. The company was founded by David Barrett and Witold Stankiewicz on May 1, 2008 and is headquartered in Portland, OR.

PORTLAND, Ore.--( 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, announced today that after their Q3 earnings call on November 10th, 2022, the company purchased 599,080 shares of its common stock on the open market. This brings the total dollar amount the company has spent reducing share count to $10 million year to date (including $4 million in net share settlement of vested equity incentive awards).

Expensify Announces $6 Million in Share Repurchases, Bringing Year to Date Total to $10 Million (including Net Share Settlement)

Expensify's core target is SMBs, which is a large TAM. EXFY product is specifically built to cater to SMBs.

Expensify: Solving The Pain For Many SMBs

There's a silver lining in recent financial results.

Why Expensify Stock Plunged Today

Expensify, Inc. (NASDAQ:EXFY ) Q3 2022 Earnings Conference Call November 10, 2022 5:00 PM ET Company Participants David Barrett - Founder, President & Chief Executive Officer Anuradha Muralidharan - Chief Operating Officer Ryan Schaffer - Chief Financial Officer Conference Call Participants Koji Ikeda - Bank of America Brent Bracelin - Piper Sandler Daniel Jester - BMO David Barrett Welcome to the Q3 2022 Earnings Call for Expensify. We're excited here, we have our new Chief Operating Officer, Ryan, Chief Financial Officer David, Founder and CEO from Technical Accounting.

Expensify, Inc. (EXFY) CEO David Barrett on Q3 2022 Results - Earnings Call Transcript

Expensify, Inc. (EXFY) delivered earnings and revenue surprises of -12.50% and 6.84%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Expensify, Inc. (EXFY) Q3 Earnings and Revenues Lag Estimates

PORTLAND, Ore.--( 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 announced results for its quarter ended September 30th, 2022.

Expensify Announces Q3 2022 Results

Expensify to Announce Q3 2022 Results

PORTLAND, Ore.--(BUSINESS WIRE)-- #ExpensiCon--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 announced the “Win your spot at ExpensiCon” contest. The contest is open to any accountant, but only five accountants will win a spot at this exclusive, invite-only conference for themselves and a guest. “We're bringing together 100 of the industry's best and brightest, and

Expensify Gives Accountants a Chance to Win Their Spot at ExpensiCon in Italy

PORTLAND, Ore.--(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, in partnership with Pride Northwest, is co-hosting an LGBTQIA2S+ art show on Tuesday, October 11th from 4-7 pm in Portland. Portlanders are invited to explore local artwork from our LGBTQIA2S+ community with a special guest performance by Joaquin Lopez, one of Portland's Creative Laureates. Guests can also

Expensify and Pride Northwest Celebrates LGBTQIA2S+ History Month and National Coming Out Day on October 11th

PORTLAND, Ore.--(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, announced today that during the quarter ended June 30, 2022 the Company's employees purchased 67,466 shares of company stock via its Stock Purchase and Matching Plan. Executives' purchases made up 17,101 of those shares. At the time of the purchase, the value of the purchased sha

Expensify Announces Employee & Executive Share Purchases

Expensify, Inc. (NASDAQ:EXFY ) Q2 2022 Earnings Conference Call August 11, 2022 5:00 PM ET Company Participants David Barrett - Founder, President & Chief Executive Officer Anuradha Muralidharan - Chief Operating Officer Ryan Schaffer - Chief Financial Officer Conference Call Participants Daniel Jester - BMO Capital Markets Koji Ikeda - Bank of America Patrick Walravens - JMP Securities David Barrett Well, hello, everyone. Welcome to the Q2 2022 Earnings Call for Expensify.

Expensify, Inc. (EXFY) CEO David Barrett on Q2 2022 Results - Earnings Call Transcript

PORTLAND, Ore.--(BUSINESS WIRE)--In the subhead, Ryan Schaffer's quote in the third paragraph, and the third bullet under Second Quarter 2022 Highlights, positive operating cash flow should be "$15.9 million" (instead of "$27.2 million"). The updated release reads: EXPENSIFY ANNOUNCES Q2 2022 RESULTS The company experienced its strongest quarter for paid member growth to date, generated year-over-year interchange growth from the Expensify Card of 142% and saw positive operating cash flow of $15

CORRECTING and REPLACING Expensify Announces Q2 2022 Results

PORTLAND, Ore.--(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 announced results for its quarter ended June 30, 2022. “Our paid member count has fully rebounded and currently exceeds pre-pandemic levels, so there's a lot to be excited about,” said David Barrett, Expensify's founder and CEO. “We're also doubling down on accounting partn

Expensify Announces Q2 2022 Results

PORTLAND, Ore.--(BUSINESS WIRE)---- $EXFY #BestWorkplace--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 announced that Fortune has ranked the company as a Best Small Workplace in the US, which comes shortly after the San Francisco Chronicle recognized Expensify as the second best "Top Bay Area Workplace'' for 2022. Expensify's unique approach to workplace happiness and retent

Expensify Wins Best Workplace Awards

PORTLAND, Ore.--(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 announced that the company's second quarter financial results will be released after market close on Thursday, August 11th, 2022. Expensify will host a live video call to discuss its Q2 2022 results on Thursday, August 11, 2022 at 2pm PT / 5pm ET. The link to the call will

Expensify to Announce Q2 2022 Results

PORTLAND, Ore.--(BUSINESS WIRE)-- #expensicon--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 announced the return of ExpensiCon on May 18-22, 2023, in Puglia, Italy. An exclusive group of world-class accountants and fintech titans are invited to the Italian countryside for five days of community building, thought leadership, networking, roundtable sessions, and sur

ExpensiCon, the World's Only Accounting and Fintech Festival Hosted by Expensify, Is Back in Italy For 2023

Is the under-the-radar company disrupting the expense-report space?

Why Expensify Stock Surged Today

Expensify Inc. (NASDAQ: EXFY) is well positioned to evolve into a leading expense management solution for small and medium businesses, according to BofA Securities. The Expensify Analyst: Koji Ikeda upgraded the rating for Expensify from Neutral to Buy, while raising the price target from $20 to $.

5 Reasons Bank Of America Upgraded Expensify To Buy

Shares of Expensify Inc. EXFY, +11.54% were rocketing 12% in Monday morning trading after Bank of America analyst Koji Ikeda turned bullish on the expense-management company's stock, upgrading it to buy from neutral. Expensify has just 140 employees, and Ikeda thinks that its "lean business model" will help the company "pivot quickly from higher rev growth to higher EBITDA margins.

Expensify stock surges after Bank of America upgrade

PORTLAND, Ore.--(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 announced it will participate in the following upcoming investor events: David Barrett, Expensify Founder & CEO, will be a presenting speaker at the 49th Annual J.P. Morgan Technology, Media, & Communications Conference on May 25th, 2022 at 2:30pm ET (11:30am PT). D

Expensify to Participate in Upcoming Investor Events

Expensify, Inc. (NASDAQ:EXFY ) Q1 2022 Earnings Conference Call May 12, 2022 5:00 PM ET Company Participants David Barrett – Founder and Chief Executive Officer Anuradha Muralidharan – Chief Operating Officer Ryan Schaffer – Chief Financial Officer Conference Call Participants Brent Bracelin – Piper Sandler Koji Ikeda – Bank of America Tyler Radke – Citi Daniel Jester – BMO David Barrett Hello everyone. Welcome, welcome, welcome to the Q1 2022 earnings call for Expensify.

Expensify's (EXFY) CEO David Barrett on Q1 2022 Results - Earnings Call Transcript

PORTLAND, Ore.--(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 announced that its Board of Directors approved a new share repurchase program with authorization to purchase up to $50 million of shares of its Class A common stock. “With the current market volatility due to macroeconomic conditions, we believe there is, and could continue

Expensify Announces Share Repurchase Program

PORTLAND, Ore.--(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 announced results for its quarter ended March 31, 2022. “The biggest news coming out of Q1 was the growth of our Free Plan for SMBs. The plan grew to over 9,000 customers, which is an 183% increase from last quarter. The plan allows members to roll out Expensify functionali

Expensify Announces Q1 2022 Results

PORTLAND, Ore.--(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 announced that its Employee-Controlled Compensation Program earned two finalist spots and an honorable mention in Fast Company's 2022 World Changing Ideas Awards. A panel of eminent Fast Company editors and reporters selected awardees from a pool of more than 3,000 entries

Expensify Recognized by Fast Company's 2022 World Changing Ideas Awards for Their Employee-controlled Compensation Program

PORTLAND, Ore.--(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 announced that the company's first quarter financial results will be released after market close on Thursday, May 12th, 2022. Expensify will host a live video call to discuss its Q1 2022 results on Thursday, May 12, 2022 at 2 p.m. PT / 5 p.m. ET. The link to the call will b

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