Earnings ·
Expensify reports Q3 revenue of $33.0M and raises FY free cash flow guidance to $13.5-$15.5M
EXFYExpensify, Inc.
Expensify reported third-quarter revenue of $33.0 million, a 6% decline year-over-year, while generating $4.0 million in operating cash flow and $3.3 million in free cash flow. The company raised its full-year fiscal 2026 free cash flow guidance by $1.5 million to a range of $13.5 million to $15.5 million. Non-GAAP net income was $3.1 million, and adjusted EBITDA reached $6.1 million. Revenue from the New Expensify platform surged 212% year-over-year, driven by new integrations and AI features. The company also repurchased approximately $1.3 million in shares during the quarter. Expensify operates in the expense management, corporate card, and travel technology sector.