{"schema_version":"secwatch.filing_event.v1","accession":"0001476840-24-000068","form_type":"8-K","ticker":"EXFY","cik":"0001476840","company_name":"Expensify, Inc.","filed_at":"2024-05-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:18.580090+00:00","generated_at":"2026-06-02T05:30:33.352044+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Expensify Q1 revenue down 16% to $33.5M; free cash flow improves to $5.2M","bullets":["Revenue $33.5M (-16% YoY); net loss $3.8M (improved from $5.9M in Q1 2023).","Adjusted EBITDA $7.1M; non-GAAP net income $3.7M; operating cash flow $3.5M.","Expensify Card interchange grew 57% to $3.5M, with new card program boosting per-transaction revenue.","Paid members fell 8% to 688K; cost cuts improved free cash flow 242% sequentially to $5.2M.","Launched corporate travel service (Expensify Travel) and New Expensify with invoicing and expense splitting."],"urls":{"canonical":"https://secwatch.observer/filing/0001476840-24-000068","json":"https://secwatch.observer/filing/0001476840-24-000068.json","markdown":"https://secwatch.observer/filing/0001476840-24-000068.md","text":"https://secwatch.observer/filing/0001476840-24-000068.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1476840/000147684024000068/0001476840-24-000068-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1476840/000147684024000068/exfy-20240509.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T05:30:33.352044+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"e7b64b0bdb7291ac6b657b90913f9643ec35cc52","claim":"Expensify, Inc. reported the quarter ended March 31, 2024 results: revenue $33.5 million, net income Net loss was $3.8 million. Guidance raised.","evidence_excerpt":"wait to show you on the earnings call (or visit exfy.com/roadmap to see it yourself)! -david Founder and CEO of Expensify First Quarter 2024 Highlights Financial: • Revenue was $33.5 million, a decrease of 16% compared to the same period last year. • Generated $3.5 million cash from operating activities. • Free cash flow was $5.2 million. • Net loss was $3.8 million,","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1476840/000147684024000068/0001476840-24-000068-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended March 31, 2024"},{"label":"Revenue","value":"$33.5 million"},{"label":"Net income","value":"Net loss was $3.8 million"},{"label":"Guidance","value":"raised"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}