---
schema_version: "secwatch.filing_event.v1"
accession: "0001476840-23-000185"
form_type: "8-K"
ticker: "EXFY"
cik: "0001476840"
company_name: "Expensify, Inc."
filed_at: "2023-11-08T23:59:59+00:00"
generated_at: "2026-06-08T09:11:33.998844+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Expensify Q3 revenue falls 14% YoY to $36.5M; net loss widens to $17M

## Summary
- Revenue $36.5M, down 14% YoY; paid members 719K, down 6%.
- Net loss $17.0M vs $8.2M loss a year ago; adjusted EBITDA -$3.5M.
- Interchange from Expensify Card grew 65% to $3.1M; card program manager role to boost revenue.
- Post-quarter, repaid $36M term loan in full, cutting projected Q4 interest by $0.9M.
- Targeting ~$15M expense reductions in 2024 to achieve positive cash flow.

## SEC filing metadata
- accession: 0001476840-23-000185
- form_type: 8-K
- ticker: EXFY
- cik: 0001476840
- company_name: Expensify, Inc.
- filed_at: 2023-11-08T23:59:59+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/1476840/000147684023000185/0001476840-23-000185-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1476840/000147684023000185/exfy-20231107.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001476840-23-000185
- JSON: https://secwatch.observer/filing/0001476840-23-000185.json
- Plain text: https://secwatch.observer/filing/0001476840-23-000185.txt

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