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Sep 30, 2023
Expensify Q3 2023 Earnings Report
Expensify's Q3 2023 results were announced, revealing a challenging quarter with cost-cutting measures and progress in SEM, SEO, and conversion optimization.
Key Takeaways
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.
Revenue was $36.5 million, a decrease of 14% compared to the same period last year.
Net loss was $17.0 million, compared to $8.2 million for the same period last year.
Non-GAAP net loss was $6.7 million.
Interchange derived from the Expensify Card grew to $3.1 million, an increase of 65% as compared to the same period last year.
Forward Guidance
Expensify's outlook statements are based on current estimates, expectations and assumptions and are not a guarantee of future performance.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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