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Sep 30, 2024
Expensify Q3 2024 Earnings Report
Expensify's Q3 2024 results were announced, showcasing stability in the core business and increased free cash flow guidance.
Key Takeaways
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.
Core business remained stable with paid users consistent for the past two quarters and revenue up 6% q/q.
2024 free cash flow guidance was raised to $19.0 - $20.0 million, a 27% increase.
New Expensify Card program is almost fully deployed, with 94% of spend migrated by the end of Q3.
Expensify Travel is generating new revenue.
Forward Guidance
Expensify estimates Free Cash Flow of $19.0 million to $20.0 million for the fiscal year ending December 31, 2024.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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