secwatch.observer — SEC 8-K summary
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Issuer:     Expensify, Inc. (EXFY)
CIK:        0001476840
Form:       8-K
Filed at:   2023-08-08T23:59:59+00:00
Accession:  0001476840-23-000145
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1476840/000147684023000145/0001476840-23-000145-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1476840/000147684023000145/exfy-20230808.htm
  HTML page:      https://secwatch.observer/filing/0001476840-23-000145

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