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.
Q4 Revenue increased 5% quarter-over-quarter, reaching $37.0 million.
The company generated $23.9 million in Operating Cash Flow and Free Cash Flow for fiscal year 2024, exceeding forecasts.
Expensify Card spend increased 44% year-over-year, with interchange revenue up 54% year-over-year.
The company became debt-free after paying off $22.7 million in debt in 2024.
Expensify estimates Free Cash Flow of $16.0 million - $20.0 million for the fiscal year ending December 31, 2025.
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