---
schema_version: "secwatch.filing_event.v1"
accession: "0001476840-22-000041"
form_type: "8-K"
ticker: "EXFY"
cik: "0001476840"
company_name: "Expensify, Inc."
filed_at: "2022-05-12T23:59:59+00:00"
generated_at: "2026-06-25T18:08:26.501974+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001476840-22-000041
- form_type: 8-K
- ticker: EXFY
- cik: 0001476840
- company_name: Expensify, Inc.
- filed_at: 2022-05-12T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1476840/000147684022000041/0001476840-22-000041-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1476840/000147684022000041/exfy-20220512.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001476840-22-000041
- JSON: https://secwatch.observer/filing/0001476840-22-000041.json
- Plain text: https://secwatch.observer/filing/0001476840-22-000041.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.