Expensify Q2 revenue $33.9M (-5% YoY); net loss narrows to $3.9M; New Expensify ARR tops $10M

Expensify, Inc.

2026-Q2 EPS reported -$0.07 revenue$67,835,000

Revenue $33.9M, down 5% YoY; net loss $3.9M vs $8.8M loss last year; non-GAAP net income $3.4M.
Adjusted EBITDA $6.6M; free cash flow $6.4M; interchange revenue from Expensify Card $5.9M (+12% YoY).
Paid members 640k, down 2% YoY; New Expensify net new customer ARR >$10M, up >250% YoY across 10k+ customers.
Repurchased 6.8M shares in Q2 (~7% of shares outstanding) via Dutch auction at $1.20 and open market at $1.63 avg.
AI features launched (natural-language setup, MCP connector to ChatGPT/Claude); 30+ product improvements shipped.

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