Expensify Q1 revenue $40.4M (+36%), Free Plan users +183% Q/Q; $50M buyback

Expensify, Inc.

2022-Q1 EPS reported -$0.09 revenue$40,370,000

Revenue $40.4M (+36% YoY); adj. EBITDA $11.0M (27% margin); op. cash flow $11.2M (28% margin).
Free Plan membership grew 183% Q/Q to over 9,000 customers; paid members avg 706,000.
Net loss $(7.4)M vs net income $8.0M YoY, driven by $14.7M stock-based comp.
Non-GAAP net income $7.3M; Expensify Card interchange up 150% YoY.
Board approved $50M share repurchase program for Class A common stock.

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