secwatch.observer — SEC 8-K summary
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Issuer:     Expensify, Inc. (EXFY)
CIK:        0001476840
Form:       8-K
Filed at:   2026-05-07T23:59:59+00:00
Accession:  0001476840-26-000031
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Expensify Q1 revenue down 6% to $34M; interchange up 10%, paid members slip 4%
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- Net loss narrowed to $2.3M from $3.2M YoY; Non-GAAP net income $3.6M.
- Adjusted EBITDA $6.2M; free cash flow $2.5M including $2.6M class-action settlement.
- Expensify Card interchange revenue rose 10% to $5.5M; paid members 632k (-4%).
- April 2026 paid active users increased vs. Q1 average; guidance for 2026 FCF unchanged.
- Added integrations with Campfire ERP, Rillet ERP, and American Airlines.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1476840/000147684026000031/0001476840-26-000031-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1476840/000147684026000031/exfy-20260507.htm
  HTML page:      https://secwatch.observer/filing/0001476840-26-000031

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