---
schema_version: "secwatch.filing_event.v1"
accession: "0001476840-23-000021"
form_type: "8-K"
ticker: "EXFY"
cik: "0001476840"
company_name: "Expensify, Inc."
filed_at: "2023-02-23T23:59:59+00:00"
generated_at: "2026-06-19T02:24:33.762951+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Expensify FY2022 revenue up 19% to $169.5M; operating cash flow $32.9M

## Summary
- Full year revenue $169.5M (+19% YoY); Q4 revenue $43.5M.
- Operating cash flow $32.9M, free cash flow $26.3M; adjusted EBITDA $42.5M.
- Net loss $27.0M (vs $13.6M loss) driven by $52.3M stock-based comp; non-GAAP net income $25.3M.
- Expensify Card interchange grew 118% to $6.8M; paid members 779,000 (+10%).
- Repurchased $12.1M of stock in 2022 under $50M authorization; CEO contributing 100% salary to ESPP.

## SEC filing metadata
- accession: 0001476840-23-000021
- form_type: 8-K
- ticker: EXFY
- cik: 0001476840
- company_name: Expensify, Inc.
- filed_at: 2023-02-23T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1476840/000147684023000021/0001476840-23-000021-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1476840/000147684023000021/exfy-20230223.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001476840-23-000021
- JSON: https://secwatch.observer/filing/0001476840-23-000021.json
- Plain text: https://secwatch.observer/filing/0001476840-23-000021.txt

## Key facts
- Earnings Releases
  Expensify, Inc. reported the year and quarter ended December 31, 2022 results: revenue $169.5 million, net income Net loss was $27.0 million.
  - Period: the year and quarter ended December 31, 2022
  - Revenue: $169.5 million
  - Net income: Net loss was $27.0 million
  - Result: reported results
  source text: reference. --- EX-99.1 (EX-99.1) --- EXPENSIFY ANNOUNCES Q4 AND FULL YEAR FISCAL 2022 RESULTS The company demonstrated strong positive operating cash flow of $32.9 million on $169.5 million in revenue, a revenue increase of 19% compared to the same period last year. PORTLAND, Ore.--(BUSINESS WIRE)--February 23, 2023-- Expensify, Inc. (Nasdaq: EXFY), a payments
  evidence_url: https://www.sec.gov/Archives/edgar/data/1476840/000147684023000021/0001476840-23-000021-index.htm

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