---
schema_version: "secwatch.filing_event.v1"
accession: "0001476840-25-000016"
form_type: "8-K"
ticker: "EXFY"
cik: "0001476840"
company_name: "Expensify, Inc."
filed_at: "2025-02-27T23:59:59+00:00"
generated_at: "2026-05-26T01:31:51.894978+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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%.

## SEC filing metadata
- accession: 0001476840-25-000016
- form_type: 8-K
- ticker: EXFY
- cik: 0001476840
- company_name: Expensify, Inc.
- filed_at: 2025-02-27T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1476840/000147684025000016/0001476840-25-000016-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1476840/000147684025000016/exfy-20250227.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001476840-25-000016
- JSON: https://secwatch.observer/filing/0001476840-25-000016.json
- Plain text: https://secwatch.observer/filing/0001476840-25-000016.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.