secwatch.observer — SEC 8-K summary
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Issuer:     Expensify, Inc. (EXFY)
CIK:        0001476840
Form:       8-K
Filed at:   2026-02-26T23:59:59+00:00
Accession:  0001476840-26-000008
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1476840/000147684026000008/0001476840-26-000008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1476840/000147684026000008/exfy-20260226.htm
  HTML page:      https://secwatch.observer/filing/0001476840-26-000008

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