secwatch.observer — SEC 8-K summary
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Issuer:     Expensify, Inc. (EXFY)
CIK:        0001476840
Form:       8-K
Filed at:   2023-02-23T23:59:59+00:00
Accession:  0001476840-23-000021
Event type: earnings
Sentiment:  positive
Materiality: 0.60
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1476840/000147684023000021/0001476840-23-000021-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1476840/000147684023000021/exfy-20230223.htm
  HTML page:      https://secwatch.observer/filing/0001476840-23-000021

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