earnings
confidence high
sentiment positive
materiality 0.85
Expensify Q3 2021 revenue $37.4M (+72.6% YoY); non-GAAP net income $19.9M excl. IPO bonus
Expensify, Inc.
- Revenue $37.4M (+72.6% YoY); net loss $(6.3)M due to $26.3M IPO bonus expense.
- Adjusted EBITDA $(6.5)M; excluding bonus $19.8M; operating cash flow $34.6M.
- Average monthly paid members 667K (+28K QoQ); Expensify Card interchange up 207% YoY.
- Launched Free Plan in Sep with up to 2% cash back on card spend.
- Achieved carbon neutrality in 2021; targeting Net Zero by 2030.