Expensify Q2 revenue $43.2M (+22% YoY); paid members at 754k, above pre-pandemic levels

Expensify, Inc.

2022-Q2 EPS reported -$0.19 revenue$83,532,000

Revenue $43.2M (+22% YoY); interchange from Expensify Card up 142% YoY.
Net loss $(8.0)M due to $14.0M stock-based compensation; non-GAAP net income $6.1M.
Adjusted EBITDA $11.7M (27% margin); operating cash flow $15.9M.
Paid members grew to 754k (from 706k in Q1), exceeding pre-pandemic levels.
ExpensiCon accounting retreat planned for May 2023 in Italy.

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