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Mar 31, 2022
Expensify Q1 2022 Earnings Report
Expensify announced Q1 2022 results, highlighting growth in free plan membership and positive cash flow.
Key Takeaways
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.
Revenue increased by 36% year-over-year to $40.4 million.
Free Plan membership grew 183% quarter-over-quarter to over 9,000 customers.
Positive operating cash flows of $11.2 million were generated.
Expensify Card interchange increased by 150% from the same period last year.
Forward Guidance
Expensify reaffirms its long-term guidance of 25-35% revenue growth over a multi-year period. Stock-based compensation is estimated for the remaining quarters of the fiscal year.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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