Expensify Q2 revenue down 14% to $33.3M; net loss narrows to $2.8M; interchange up 48%

Expensify, Inc.

2024-Q2 EPS reported -$0.08 revenue$66,823,000

Revenue $33.3M (-14% YoY); paid members 684k (-8% YoY); net loss improved to $2.8M from $11.3M.
Non-GAAP net income $5.6M; adjusted EBITDA $10.2M; operating cash flow $9.3M; free cash flow $5.7M.
Expensify Card interchange $4.0M (+48% YoY); 34% of spend migrated to new program; targeting 100% by year-end.
New Expensify platform live; integrations with QuickBooks and Xero; Expensify Travel launched; expects revenue in Q3.
Apple product placement in F1 movie (June 2025); continued conference presence.

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