---
schema_version: "secwatch.filing_event.v1"
accession: "0001476840-26-000008"
form_type: "8-K"
ticker: "EXFY"
cik: "0001476840"
company_name: "Expensify, Inc."
filed_at: "2026-02-26T23:59:59+00:00"
generated_at: "2026-05-15T23:32:01.286938+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Expensify Q4 revenue falls 5% YoY to $35.2M; net loss widens to $7.1M

## Summary
- Full-year FY2025 revenue $142.1M (+2% YoY); net loss $21.4M vs $10.1M prior year.
- Q4 paid members 650,000 (-5% YoY, +1% QoQ); Expensify Card interchange $5.5M (+9% YoY).
- FY2025 operating cash flow $20.1M, free cash flow $19.9M; non-GAAP net income $5.2M.
- Company repurchased 4.8M shares ($9.1M) in 2025; New Expensify rolled out to 63% of paying customers.
- Guidance: modest FCF target set for FY2026 to fund increased sales, marketing, and AI investments.

## SEC filing metadata
- accession: 0001476840-26-000008
- form_type: 8-K
- ticker: EXFY
- cik: 0001476840
- company_name: Expensify, Inc.
- filed_at: 2026-02-26T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1476840/000147684026000008/0001476840-26-000008-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1476840/000147684026000008/exfy-20260226.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001476840-26-000008
- JSON: https://secwatch.observer/filing/0001476840-26-000008.json
- Plain text: https://secwatch.observer/filing/0001476840-26-000008.txt

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