Welcome to our dedicated page for Expensify news (Ticker: EXFY), a resource for investors and traders seeking the latest updates and insights on Expensify stock.
Expensify, Inc. (EXFY) provides cloud-based expense management solutions that streamline financial reporting for businesses worldwide. This news hub offers investors and professionals direct access to verified corporate announcements and financial updates.
Track EXFY's latest developments including earnings reports, product enhancements, strategic partnerships, and leadership updates. Our curated collection ensures timely access to material information affecting the company's market position in the fintech sector.
Key updates include innovations in smart receipt scanning technology, integration capabilities with enterprise accounting systems, and regulatory compliance features. Users will find official press releases alongside third-party analysis of EXFY's financial performance and competitive landscape.
Bookmark this page for centralized access to Expensify's evolving story. Check regularly for updates on operational milestones that impact the expense management software market.
Expensify, Inc. (Nasdaq: EXFY) reported significant growth in its Free Plan, with a 183% quarter-over-quarter increase to over 9,000 customers. The company achieved a revenue of $40.4 million in Q1 2022, a 36% rise year-over-year, alongside positive cash flow of $11.2 million and a 28% cash flow margin. However, net loss reached $(7.4) million, attributed to stock-based compensation expenses of $14.7 million. Non-GAAP net income stood at $7.3 million, with adjusted EBITDA of $11.0 million, reflecting a 27% margin. This growth signals strong momentum in both free and paid user segments.
Expensify (NASDAQ: EXFY) will release its first-quarter financial results on May 12, 2022, after market close. A live video call discussing these results is set for the same day at 2 p.m. PT / 5 p.m. ET. Participants can access the call through the Investor Relations website. Post-call, a recording, investor deck, and press release will be available online. Expensify is recognized as a leading payments superapp, simplifying expense management for over 10 million users worldwide.
Expensify, Inc. (Nasdaq: EXFY) concluded 2021 with a remarkable 63% revenue growth, reporting $142.8 million for the year. The fourth quarter's revenue was $40.4 million, up 56% year-over-year, despite a net loss of $(21.9 million) due to IPO-related expenses. The launch of its Free Plan contributed significantly, attracting over 3,100 customers by December. Paid members reached 711,000, and the Expensify Card saw a 185% increase in interchange. The company aims for Net Zero emissions by 2030.
Expensify (NASDAQ: EXFY) will release its Q4 and full year fiscal 2021 financial results after market close on March 30, 2022. A live video call will occur on the same day at 2 PM PT / 5 PM ET to discuss the results. Investors can access the call via the Investor Relations website. Following the call, a recording, investor deck, and press release will be available, providing comprehensive insights into the company's financial performance.
Expensify has launched the Expensify CPA Card, designed specifically for accountants, offering benefits like reimbursed CPA license fees, dedicated account managers, and instant approvals with high credit limits. This card eliminates the need for personal guarantees or credit checks, enabling quick client setup. Nearly half of the top 100 CPA firms in the U.S. already use Expensify. With features such as two-way integration with major accounting software, firms can maintain real-time financial oversight. More benefits are expected to roll out soon.
Expensify, Inc. (Nasdaq: EXFY) reported a 72.6% year-over-year revenue increase for Q3 2021, totaling $37.4 million. The introduction of a Free Plan for SMBs allows access to essential features, including corporate cards with up to 2% cash back. Paid members rose to 667,000, reflecting a rebound in SMBs post-pandemic. Despite an IPO-related bonus expense of $26.3 million, the net loss narrowed to $(6.3) million. Adjusted EBITDA, impacted by the bonus, was $(6.5) million, but non-GAAP figures show strength with a net income of $19.9 million.
Expensify (NASDAQ: EXFY) will release its third quarter financial results after market close on December 16, 2021. A live video call will follow at 2 PM PT / 5 PM ET to discuss these results. Interested investors can find the call link on the company’s Investor Relations website. Post-call, a recording, investor deck, and press release summarizing the financial results will be available.
Expensify serves over 10 million users, providing features such as corporate cards, expense tracking, and invoicing.
Expensify has successfully closed its initial public offering (IPO) of 11,190,392 shares of Class A common stock. The offering included 2,608,696 shares sold by Expensify and 8,581,696 shares sold by selling stockholders at a public offering price of $27.00 per share. The IPO was facilitated by J.P. Morgan Securities, Citigroup, and BofA Securities as lead managers. Expensify’s stock now trades on the Nasdaq under the ticker EXFY. This move aims to enhance their growth and market reach in the payments sector.
