Expensify delivered a strong Q1 2025, exceeding expectations with an 8% increase in revenue, a 43% increase in interchange, and a 75% increase in free cash flow compared to the prior year. The company also saw a 166% quarter-over-quarter increase in travel bookings and raised its full-year 2025 free cash flow guidance.
Expensify delivered a strong Q4 2024, with revenue increasing 5% quarter-over-quarter, significant improvements in net loss and Adjusted EBITDA, and positive cash flow. The company also successfully paid off $22.7 million in debt, becoming debt-free.
Expensify's Q3 2024 results show a stable core business with paid users remaining consistent over the past two quarters and revenue up 6% q/q. The company raised its 2024 free cash flow guidance for the third time, and the new Expensify Card program is almost fully deployed with 94% of spend transitioned. Expensify Travel is generating new revenue as well.
Expensify's Q2 2024 results revealed a stabilization of the core business with increasing cash flow, despite a 14% decrease in revenue compared to the same period last year. The new Expensify Card program is live with significant adoption, and the company is making progress on New Expensify, expected to add new revenue in Q3. The company generated $9.3 million in cash from operating activities and $5.7 million in free cash flow.
Expensify reported a decrease in revenue compared to the same period last year, but demonstrated strong operating and free cash flow profitability. The company is increasing its full-year guidance and has made progress in developing New Expensify and Expensify Travel.
Expensify's Q4 2023 saw a revenue decrease of 19% compared to the same period last year, but cost-cutting measures led to improvements in operating activities, free cash flow, net loss, non-GAAP net income, and adjusted EBITDA compared to the previous quarter. The interchange derived from the Expensify Card grew by 55%.
Expensify's Q3 2023 revenue was $36.5 million, a 14% decrease compared to the same period last year. The company reported a net loss of $17.0 million and a non-GAAP net loss of $6.7 million. Free cash flow was $(7.1) million. Interchange derived from the Expensify Card grew to $3.1 million, a 65% increase compared to the same period last year.
Expensify reported a revenue of $38.9 million, a 10% decrease compared to the same period last year. The company experienced a net loss of $11.3 million, and a non-GAAP net loss of $1.0 million. Despite these losses, Expensify saw growth in Expensify Card interchange and a reduction in outstanding debt.
Expensify reported a slight decrease in revenue but demonstrated strong free cash flow and an increase in Expensify Card adoption. The company is focused on long-term growth through viral strategies and product development.
Expensify announced its Q4 and full year fiscal 2022 results, demonstrating strong positive operating cash flow of $32.9 million on $169.5 million in revenue, a 19% increase compared to the same period last year. The company had a net loss of $3.4 million for the quarter, but a non-GAAP net income of $7.1 million.
Expensify reported Q3 2022 results with a revenue of $42.5 million, a 13% increase year-over-year. Despite economic headwinds, the company continues to generate positive cash flow. The company repurchased $4 million in shares in Q3 and plans to repurchase an additional $6 million.
Expensify's Q2 2022 results showed a 22% increase in revenue compared to the same period last year, driven by subscription revenue and Expensify Card interchange. The company experienced positive operating cash flows of $27.2 million and an increase in paid members.
Expensify's Q1 2022 saw revenue increase by 36% year-over-year to $40.4 million. The company generated positive operating cash flows of $11.2 million, with a net loss of $7.4 million driven by stock-based compensation expenses. The free plan grew significantly, and Expensify Card interchange increased by 150% year-over-year.