Expensify (NASDAQ:EXFY) Issues Quarterly Earnings Results, Misses Expectations By $0.13 EPS

Expensify (NASDAQ:EXFY) released its earnings results on Thursday. The company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.13), Zacks reports. The firm had revenue of $35.20 million for the quarter, compared to analyst estimates of $35.50 million. Expensify had a negative net margin of 15.05% and a negative return on equity of 15.96%.

Here are the key takeaways from Expensify’s conference call:

• Expensify generated strong cash in FY25 with $142.1M revenue and ~$19.9M free cash flow (at the high end of guidance), and repurchased ~4.8M shares for ~$9M, signaling management confidence.
• The company is initiating conservative FY26 free cash flow guidance of $6M–$9M, attributing the decline to increased investments in sales & marketing and AI.
• Migration to New Expensify reached feature parity for customers representing 90% of revenue and is rolled out to 63% of Classic customers, with next steps including migration of the approved accounting network and new native reporting/virtual CFO insights.
• Expensify is positioning its AI “Concierge” as an “accountable intelligence” differentiator—contextual, correctable, and continuous—which management cites as a moat versus generic AI tooling.
• Product momentum includes Expensify Travel bookings up 434% YoY in Q4 and card interchange growth of 24% YoY (to $21.3M), indicating successful cross-selling and adoption.

Expensify Trading Down 23.4%

NASDAQ EXFY traded down $0.29 on Friday, hitting $0.95. 3,993,930 shares of the company were exchanged, compared to its average volume of 584,770. The company has a market cap of $76.81 million, a PE ratio of -3.96 and a beta of 1.69. The stock has a fifty day moving average of $1.39 and a 200-day moving average of $1.60. Expensify has a 12 month low of $0.89 and a 12 month high of $3.99.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on EXFY. Wall Street Zen cut shares of Expensify from a “buy” rating to a “hold” rating in a research report on Saturday, November 15th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Expensify in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $3.50.

Insider Buying and Selling at Expensify

In other news, CEO David Michael Barrett sold 30,000 shares of the stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $1.45, for a total transaction of $43,500.00. Following the transaction, the chief executive officer owned 1,318,480 shares of the company’s stock, valued at $1,911,796. This represents a 2.22% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold a total of 140,393 shares of company stock worth $211,059 in the last quarter. 12.27% of the stock is currently owned by corporate insiders.

Institutional Trading of Expensify

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Franklin Resources Inc. acquired a new position in shares of Expensify during the third quarter worth approximately $34,000. Dynamic Technology Lab Private Ltd grew its position in Expensify by 84.8% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 111,449 shares of the company’s stock valued at $206,000 after purchasing an additional 51,145 shares during the period. Victory Capital Management Inc. increased its stake in Expensify by 154.4% during the 3rd quarter. Victory Capital Management Inc. now owns 191,764 shares of the company’s stock valued at $355,000 after purchasing an additional 116,385 shares in the last quarter. Vanguard Group Inc. raised its holdings in Expensify by 4.5% during the third quarter. Vanguard Group Inc. now owns 4,543,639 shares of the company’s stock worth $8,406,000 after buying an additional 197,702 shares during the last quarter. Finally, Bank of America Corp DE raised its holdings in Expensify by 72.2% during the second quarter. Bank of America Corp DE now owns 112,078 shares of the company’s stock worth $290,000 after buying an additional 46,999 shares during the last quarter. 68.42% of the stock is owned by institutional investors.

About Expensify

Expensify, traded on NASDAQ under the ticker EXFY, is a software-as-a-service (SaaS) company specializing in automated expense management and reporting. Its flagship platform enables employees to capture receipts via mobile app or email, automatically extract expense details through optical character recognition (OCR) and artificial intelligence, and submit streamlined expense reports. The solution is designed to eliminate manual data entry and reduce approval cycle times, serving a broad range of industries from small businesses to large enterprises.

Founded in 2008 by entrepreneur David Barrett, Expensify has grown from a simple receipt-scanning app into a comprehensive spend management suite.