secwatch.observer — SEC 8-K summary
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Issuer:     Expensify, Inc. (EXFY)
CIK:        0001476840
Form:       8-K
Filed at:   2022-05-12T23:59:59+00:00
Accession:  0001476840-22-000041
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1476840/000147684022000041/0001476840-22-000041-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1476840/000147684022000041/exfy-20220512.htm
  HTML page:      https://secwatch.observer/filing/0001476840-22-000041

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