Expensify (NASDAQ:EXFY) Releases Quarterly Earnings Results, Misses Estimates By $0.13 EPS

Expensify (NASDAQ:EXFY) issued 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 company had revenue of $35.20 million for the quarter, compared to the consensus estimate of $35.50 million. Expensify had a negative return on equity of 11.75% and a negative net margin of 10.83%.

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 Stock Down 23.4%

EXFY traded down $0.29 on Friday, hitting $0.95. The company had a trading volume of 3,987,909 shares, compared to its average volume of 600,288. The company has a market cap of $76.81 million, a PE ratio of -5.59 and a beta of 1.69. Expensify has a 12-month low of $0.89 and a 12-month high of $3.99. The business’s fifty day simple moving average is $1.40 and its 200 day simple moving average is $1.60.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on EXFY shares. Weiss Ratings restated a “sell (d-)” rating on shares of Expensify in a research report on Monday, December 29th. Wall Street Zen lowered Expensify from a “buy” rating to a “hold” rating in a research note on Saturday, November 15th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $3.50.

Insider Activity

In other news, CEO David Michael Barrett sold 30,000 shares of Expensify stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $1.45, for a total value of $43,500.00. Following the completion of the transaction, the chief executive officer owned 1,318,480 shares in the company, valued at approximately $1,911,796. The trade was a 2.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last three months, insiders sold 140,393 shares of company stock valued at $211,059. 12.27% of the stock is owned by company insiders.

Institutional Trading of Expensify

A number of institutional investors have recently bought and sold shares of EXFY. Abel Hall LLC purchased a new position in Expensify during the fourth quarter worth $25,000. Franklin Resources Inc. bought a new stake in shares of Expensify in the 3rd quarter worth about $34,000. Balyasny Asset Management L.P. boosted its stake in shares of Expensify by 126.1% during the 4th quarter. Balyasny Asset Management L.P. now owns 31,615 shares of the company’s stock worth $48,000 after purchasing an additional 17,634 shares during the period. Prelude Capital Management LLC grew its holdings in Expensify by 68.5% during the 3rd quarter. Prelude Capital Management LLC now owns 36,400 shares of the company’s stock valued at $67,000 after purchasing an additional 14,800 shares during the last quarter. Finally, HRT Financial LP purchased a new stake in Expensify in the 4th quarter worth about $68,000. 68.42% of the stock is currently 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.