earnings
confidence high
sentiment positive
materiality 0.70
Expensify Q3 revenue down 3% to $35.4M, net loss narrows to $2.2M, raises FY FCF guide to $19-20M
Expensify, Inc.
2024-Q3 EPS reported
-$0.10
revenue$102,232,000
- Revenue $35.4M (-3% YoY); net loss $2.2M vs $17.0M last year; Non-GAAP net income $5.4M.
- Free cash flow $6.7M in Q3; FY 2024 FCF guidance raised to $19.0-$20.0M from $15-16M.
- Interchange from Expensify Card grew 48% YoY to $4.6M; 94% of card spend migrated to new program.
- Paid members 684,000 (-5% YoY); Expensify Travel beta expanded to mid-market customers.
- Adjusted EBITDA $9.7M; CEO highlights stable core business and efficiency gains.