Welcome to our dedicated page for Expensify news (Ticker: EXFY), a resource for investors and traders seeking the latest updates and insights on Expensify stock.
Expensify, Inc. (EXFY) provides cloud-based expense management solutions that streamline financial reporting for businesses worldwide. This news hub offers investors and professionals direct access to verified corporate announcements and financial updates.
Track EXFY's latest developments including earnings reports, product enhancements, strategic partnerships, and leadership updates. Our curated collection ensures timely access to material information affecting the company's market position in the fintech sector.
Key updates include innovations in smart receipt scanning technology, integration capabilities with enterprise accounting systems, and regulatory compliance features. Users will find official press releases alongside third-party analysis of EXFY's financial performance and competitive landscape.
Bookmark this page for centralized access to Expensify's evolving story. Check regularly for updates on operational milestones that impact the expense management software market.
Expensify (NASDAQ: EXFY) has announced a new share repurchase program authorizing up to $50 million of Class A common stock. This program replaces the previous 2022 buyback initiative and will run until March 31, 2028.
The company's CFO Ryan Schaffer highlighted that successful cost-cutting measures have led to increased free cash flow, creating an attractive buying opportunity. Having become debt-free last year, Expensify views buybacks as a logical way to utilize free cash flow and return value to shareholders.
The repurchase program aims to offset dilution from stock issuances and reduce share count over time. Shares may be repurchased through open market purchases, private transactions, or other means, including Rule 10b5-1 trading plans. The program's timing and amount will depend on market conditions, regulatory requirements, and stock prices, and can be suspended or discontinued at any time.
Expensify (NASDAQ: EXFY) has announced the full launch of Expensify Travel, its comprehensive corporate travel management tool, following a successful early release phase. The platform integrates travel booking, policy enforcement, and real-time collaboration into a unified experience, accessible via web, mobile, and desktop applications.
The new tool enables users to book and manage flights, hotels, rail, and car rentals while ensuring corporate policy compliance. Key features include:
- Seamless booking system with policy-compliant options
- Real-time, policy-driven approval process
- Centralized virtual card payments
- Automated expense reporting and receipt capture
- Dedicated chat rooms for traveler-manager communication
Expensify (EXFY), the payments superapp company, has announced its participation in two upcoming investor events in March 2025. The company will attend the Citizens JMP Technology Conference on March 3 at 11:00 am PT in San Francisco, CA, and the Loop Capital Markets Annual Investor Conference on March 10, which will be held virtually with one-on-one meetings only.
Both events will be accessible to investors through live webcasts and replays available on Expensify's investor relations website at investors.expensify.com. These events provide opportunities for investors to gain insights into the company that helps individuals and businesses manage money across expenses, corporate cards, and bills.
Expensify (NASDAQ: EXFY) has announced it will release its Q4 and full year fiscal 2024 financial results after market close on Thursday, February 27th, 2025. The company will host an earnings call the same day at 2pm PT / 5pm ET to discuss the results.
The earnings call link will be available on Expensify's Investor Relations website at investors.expensify.com, where interested parties can add the event to their calendars. Following the call, the company will make available a full recording, an investor deck, and a press release summarizing the financial results.
Expensify (NASDAQ: EXFY) reported Q3 2024 results with revenue of $35.4 million, down 3% year-over-year. The company's paid members decreased 5% to 684,000, though remaining stable for two quarters. Notable improvements include interchange from Expensify Card growing 48% to $4.6 million and free cash flow of $6.7 million. The company increased its FY'24 free cash flow guidance by 27% to $19.0-$20.0 million. The new card program has achieved 94% transition of spend, and Expensify Travel completed its initial beta phase, generating new revenue. The company reported a net loss of $2.2 million, improved from $17.0 million loss in the same period last year.
Expensify (Nasdaq: EXFY) has announced it will release its Q3 2024 financial results after market close on Thursday, November 7th, 2024. The company will host an earnings call the same day at 2pm PT / 5pm ET to discuss the results. The call link will be available on Expensify's Investor Relations website, where investors can also add the event to their calendars. Following the call, the company will provide access to the recording, investor deck, and press release summarizing the financial results.
Expensify (Nasdaq: EXFY) has made significant financial moves, demonstrating improved business health. The company has paid off all its debts, including a $15 million revolving line of credit and a $7.6 million mortgage on its Portland headquarters. Additionally, Expensify repurchased 645,938 shares of its Class A common stock at an average price of $2.34 per share.
CFO Ryan Schaffer highlighted the company's progress, citing positive cash flows for the past two quarters and the completion of a multi-year product revamp. The share repurchase program aims to offset dilution and reduce share count over time. Expensify retains access to a $24 million revolving credit line if needed, positioning itself for future growth and product development.
Expensify (EXFY) reported Q2 2024 results, showing mixed performance. While revenue decreased 14% year-over-year to $33.3 million, the company saw significant improvements in other areas. Interchange from the Expensify Card grew 48% to $4.0 million. Cash from operating activities surged to $9.3 million, with free cash flow reaching $5.7 million.
The company launched several key initiatives, including the new Expensify Card program, with 34% of spend already migrated to new cards. The 'New Expensify' platform went live, expected to generate revenue in Q3. Expensify also introduced its travel management platform and achieved a critical technical milestone with its hybrid app launch.
Despite a 8% decrease in paid members to 684,000, Expensify remains optimistic about future growth, citing its partnership with Apple for product placement in an upcoming major film release in June 2025.
Expensify (Nasdaq: EXFY), a payments superapp for managing expenses, corporate cards, and bills, has announced its Q2 2024 financial results release and earnings call. The results will be disclosed after market close on Thursday, August 8, 2024, followed by an earnings call at 2pm PT / 5pm ET on the same day.
Investors can access the call link on Expensify's Investor Relations website at investors.expensify.com. After the call, a full recording, investor deck, and press release summarizing financial results will be available on the same platform. Interested parties can add the event to their calendars through the website prior to the call.
Expensify, Inc. (Nasdaq: EXFY) introduces unlimited virtual cards through the Expensify Visa® Commercial Card, offering businesses unparalleled flexibility and control over expenses. Customers can set fixed or monthly spend limits for each card, ideal for managing one-time and recurring expenses. The new feature allows for easy categorization and assignment of virtual cards, providing a clear overview of expenses within the Expensify platform.
FAQ
What is the current stock price of Expensify (EXFY)?
What is the market cap of Expensify (EXFY)?
