secwatch.observer — SEC 8-K summary
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Issuer:     Expensify, Inc. (EXFY)
CIK:        0001476840
Form:       8-K
Filed at:   2022-03-30T23:59:59+00:00
Accession:  0001476840-22-000010
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Expensify reports 56% Q4 revenue growth; Free Plan adoption drives paid member surge
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- Q4 revenue $40.4M (+56% YoY); FY21 revenue $142.8M (+61.8% YoY).
- GAAP net loss Q4 $21.9M due to $14.2M IPO bonus; non-GAAP net income $4.4M.
- Adjusted EBITDA Q4 was $(6.9)M; excluding IPO bonus $7.3M. FY21 adj. EBITDA $9.5M.
- Paid members reached 711k in Q4; Free Plan launched Oct 2021 attracted 3,100+ customers.
- Expensify Card interchange up 185% YoY; introduced unlimited 2% cash back.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1476840/000147684022000010/0001476840-22-000010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1476840/000147684022000010/exfy-20220330.htm
  HTML page:      https://secwatch.observer/filing/0001476840-22-000010

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer