secwatch.observer — SEC 8-K summary
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Issuer:     Expensify, Inc. (EXFY)
CIK:        0001476840
Form:       8-K
Filed at:   2024-11-07T23:59:59+00:00
Accession:  0001476840-24-000213
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Expensify Q3 revenue down 3% to $35.4M, net loss narrows to $2.2M, raises FY FCF guide to $19-20M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1476840/000147684024000213/0001476840-24-000213-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1476840/000147684024000213/exfy-20241107.htm
  HTML page:      https://secwatch.observer/filing/0001476840-24-000213

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