Expensify reports FY24 revenue $139.2M, net loss down 76%, launches $50M buyback

Expensify, Inc.

2024-FY EPS reported -$0.12 revenue$139,236,000

FY 2024 revenue $139.2M (-8% YoY); net loss $10.1M (down 76% from $41.5M). Adjusted EBITDA $39.4M, up 199% YoY.
Generated $23.9M free cash flow, beating forecast by 19%; reduced debt $22.7M to become debt-free.
Paid members 687,000, down 4% YoY but up sequentially from Q3; Expensify Card interchange up 54% YoY to $17.2M.
Board authorized new $50M share repurchase program, replacing 2022 plan; effective through March 31, 2028.
AI integration cutting costs: SmartScan costs down 75%, AI Concierge reduces human escalations by 80%.

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