---
schema_version: "secwatch.filing_event.v1"
accession: "0001476840-23-000145"
form_type: "8-K"
ticker: "EXFY"
cik: "0001476840"
company_name: "Expensify, Inc."
filed_at: "2023-08-08T23:59:59+00:00"
generated_at: "2026-06-12T01:34:51.994485+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Expensify Q2 revenue down 10% to $38.9M; net loss widens to $11.3M

## Summary
- Revenue $38.9M (down 10% YoY); net loss $11.3M vs $8.0M loss in Q2 2022.
- Adjusted EBITDA $2.2M; non-GAAP net loss $1.0M.
- Expensify Card interchange $2.7M, up 56% YoY.
- Paid members 742k, down 2% from prior year.
- Repurchased $3.9M in shares and reduced debt by $8.2M during quarter.

## SEC filing metadata
- accession: 0001476840-23-000145
- form_type: 8-K
- ticker: EXFY
- cik: 0001476840
- company_name: Expensify, Inc.
- filed_at: 2023-08-08T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1476840/000147684023000145/0001476840-23-000145-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1476840/000147684023000145/exfy-20230808.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001476840-23-000145
- JSON: https://secwatch.observer/filing/0001476840-23-000145.json
- Plain text: https://secwatch.observer/filing/0001476840-23-000145.txt

## Key facts
- Earnings Releases
  Expensify, Inc. reported the quarter ended June 30, 2023 results: revenue $38.9 million, net income $11.3 million.
  - Period: the quarter ended June 30, 2023
  - Revenue: $38.9 million
  - Net income: $11.3 million
  - Result: reported results
  source text: Revenue was $38.9 million, a decrease of 10% compared to the same period last year.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1476840/000147684023000145/0001476840-23-000145-index.htm

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