Expensify, Inc. provides a cloud-based expense management software platform to individuals, small businesses, and corporations in the United States and internationally. The company's platform enables users to manage corporate cards, pay bills, generate invoices, collect payments, and book travel. It also offers track and submit plans for individuals. The company was founded in 2008 and is headquartered in Portland, Oregon.
IPO Year: 2021
Exchange: NASDAQ
Website: expensify.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/25/2024 | Mkt Outperform → Mkt Perform | JMP Securities | |
| 8/9/2024 | $2.50 | Mkt Perform → Mkt Outperform | JMP Securities |
| 5/28/2024 | Underweight → Equal-Weight | Morgan Stanley | |
| 9/15/2023 | Underweight | JP Morgan | |
| 8/9/2023 | Mkt Outperform → Mkt Perform | JMP Securities | |
| 8/9/2023 | $9.00 → $6.00 | Buy → Hold | Loop Capital |
| 6/12/2023 | $9.00 → $5.00 | Underweight → Equal-Weight | Morgan Stanley |
| 5/10/2023 | $12.00 → $8.50 | Outperform → Market Perform | BMO Capital Markets |
| 1/17/2023 | $9.00 | Equal-Weight | Morgan Stanley |
| 12/7/2022 | $12.00 | Buy | Lake Street |
The company generated $23.9 million in Operating Cash Flow and $23.9 million in free cash flow in fiscal year 2024, Q4 revenue increased 5% from Q3 2024. Expensify, Inc. (NASDAQ:EXFY), a payments superapp that helps individuals and businesses around the world simplify the way they manage money across expenses, corporate cards and bills, today released a letter to shareholders from Founder and CEO David Barrett alongside results for its quarter and year ended December 31, 2024. A Message From Our Founder Quite simply, another great quarter, capping off an exciting year. The numbers speak for themselves: Q4 Revenue is up 5% q/q, FY24 Net loss is down 76% y/y and FY24 Adjusted EBITDA
The program authorizes up to $50 million of Class A common stock to be repurchased. Expensify, Inc. (NASDAQ:EXFY), a payments superapp that helps individuals and businesses around the world simplify the way they manage money across expenses, corporate cards and bills, today announced that its Board of Directors approved a new share repurchase program with authorization to purchase up to $50 million of shares of its Class A common stock. The program replaces the company's share repurchase program that was approved in 2022, which was set to expire in March 2025. "Given the success of this past year's cost cutting measures and the resulting large increase in free cash flow, we believe ther
Expensify Travel, the all-in-one corporate travel management tool, is now available to every Expensify member following a successful early release to select customers. Expensify, Inc. (NASDAQ:EXFY), the financial management super app for expenses and corporate cards, today announced the launch of Expensify Travel, an innovative travel management tool that combines travel booking, policy enforcement, and real-time collaboration into a single, seamless experience. Expensify Travel is now available to all members via the web, mobile, and desktop apps. The tool enables members to book and manage flights, hotels, rail, and car rentals all within Expensify's platform while ensuring compliance
Expensify, Inc. (NASDAQ:EXFY), a payments superapp that helps individuals and businesses around the world simplify the way they manage money across expenses, corporate cards and bills, today announced it will participate in the following investor events: Citizens JMP Technology Conference March 3, 2025 11:00 am PT San Francisco, CA Loop Capital Markets Annual Investor Conference March 10, 2025 Virtual 1x1 meetings only A live webcast and replay of each event will be available on the Company's investor relations website at investors.expensify.com. About Expensify Expensify helps 15 million people worldwide track expenses, book travel, reimburse employees, manage corporate card
Join Expensify's earnings call on Thursday, February 27th at 2pm PT / 5pm ET. Expensify, Inc. (NASDAQ:EXFY), a payments superapp that helps individuals and businesses around the world simplify the way they manage money across expenses, corporate cards and bills, today announced that the company's Q4 and full year fiscal 2024 financial results will be released after market close on Thursday, February 27th, 2025. Expensify will host a call to discuss its Q4 and full year fiscal 2024 results on Thursday, February, 27th 2025 at 2pm PT / 5pm ET. The link to the call will be available that day on the company's Investor Relations website at investors.expensify.com. Prior to the call, intereste
Interchange derived from the Expensify Card grew to $4.6 million, an increase of 48% as compared to the same period last year Expensify, Inc. (NASDAQ:EXFY), a payments superapp that helps individuals and businesses around the world simplify the way they manage money across expenses, corporate cards and bills, today released a letter to shareholders from Founder and CEO David Barrett alongside results for its quarter ended September 30, 2024. A Message From Our Founder I'm happy to report that Q3'24 has extended and expanded upon the strong results of the previous two quarters: Our core business has remained stable. Though we're still catching up to last year's paid users and revenue (s
Join Expensify's earnings call on Thursday, November 7, 2024 at 2pm PT / 5pm ET Expensify, Inc. (NASDAQ:EXFY), a payments superapp that helps individuals and businesses around the world simplify the way they manage money across expenses, corporate cards and bills, today announced that the company's Q3 financial results will be released after market close on Thursday, November 7th, 2024. Expensify will host a call to discuss its Q3 results on Thursday, November 7th, 2024 at 2pm PT / 5pm ET. The link to the call will be available that day on the company's Investor Relations website at investors.expensify.com. Prior to the call, interested parties can visit the website to add the event to th
The company announced it has paid off all debts ($22.6 million) and completed a buyback of 645,938 shares. Expensify, Inc. (NASDAQ:EXFY), a payments superapp that helps individuals and businesses around the world simplify the way they manage money across expenses, corporate cards and bills, announced today that the company paid down the balance of its revolving line of credit ($15 million), paid off the mortgage on its headquarters in downtown Portland, OR, ($7.6 million) and repurchased 645,938 shares of its Class A common stock from its founder. The company still retains access to $24 million in a revolving line of credit if needed, but has otherwise cleared the debt from its balance sh
Interchange derived from the Expensify Card grew to $4.0 million, an increase of 48% as compared to the same period last year. Expensify, Inc. (NASDAQ:EXFY), a payments superapp that helps individuals and businesses around the world simplify the way they manage money across expenses, corporate cards and bills, today released a letter to shareholders from Founder and CEO David Barrett alongside results for its quarter ended June 30, 2024. A Message From Our Founder I'm extremely pleased with how well Q2 has extended Q1's achievements and improved upon them further: Our core business has been stabilize, with increasing cash flow. Revenue and paid users are within 1% of last quarter –
Join Expensify's earnings call on Thursday, August 8, 2024 at 2pm PT / 5pm ET. Expensify, Inc. (NASDAQ:EXFY), a payments superapp that helps individuals and businesses around the world simplify the way they manage money across expenses, corporate cards and bills, today announced that the company's Q2 financial results will be released after market close on Thursday, August 8, 2024. Expensify will host a call to discuss its Q2 results on Thursday, August 8, 2024 at 2pm PT / 5pm ET. The link to the call will be available that day on the company's Investor Relations website at investors.expensify.com. Prior to the call, interested parties can visit the website to add the event to their cal
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8-K - Expensify, Inc. (0001476840) (Filer)
8-K - Expensify, Inc. (0001476840) (Filer)
8-K - Expensify, Inc. (0001476840) (Filer)
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8-K - Expensify, Inc. (0001476840) (Filer)
JMP Securities downgraded Expensify from Mkt Outperform to Mkt Perform
JMP Securities upgraded Expensify from Mkt Perform to Mkt Outperform and set a new price target of $2.50
Morgan Stanley upgraded Expensify from Underweight to Equal-Weight
JP Morgan initiated coverage of Expensify with a rating of Underweight
JMP Securities downgraded Expensify from Mkt Outperform to Mkt Perform
Loop Capital downgraded Expensify from Buy to Hold and set a new price target of $6.00 from $9.00 previously
Morgan Stanley upgraded Expensify from Underweight to Equal-Weight and set a new price target of $5.00 from $9.00 previously
BMO Capital Markets downgraded Expensify from Outperform to Market Perform and set a new price target of $8.50 from $12.00 previously
Morgan Stanley initiated coverage of Expensify with a rating of Equal-Weight and set a new price target of $9.00
Lake Street initiated coverage of Expensify with a rating of Buy and set a new price target of $12.00
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4 - Expensify, Inc. (0001476840) (Issuer)
4 - Expensify, Inc. (0001476840) (Issuer)
4 - Expensify, Inc. (0001476840) (Issuer)
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The company generated $23.9 million in Operating Cash Flow and $23.9 million in free cash flow in fiscal year 2024, Q4 revenue increased 5% from Q3 2024. Expensify, Inc. (NASDAQ:EXFY), a payments superapp that helps individuals and businesses around the world simplify the way they manage money across expenses, corporate cards and bills, today released a letter to shareholders from Founder and CEO David Barrett alongside results for its quarter and year ended December 31, 2024. A Message From Our Founder Quite simply, another great quarter, capping off an exciting year. The numbers speak for themselves: Q4 Revenue is up 5% q/q, FY24 Net loss is down 76% y/y and FY24 Adjusted EBITDA
Join Expensify's earnings call on Thursday, February 27th at 2pm PT / 5pm ET. Expensify, Inc. (NASDAQ:EXFY), a payments superapp that helps individuals and businesses around the world simplify the way they manage money across expenses, corporate cards and bills, today announced that the company's Q4 and full year fiscal 2024 financial results will be released after market close on Thursday, February 27th, 2025. Expensify will host a call to discuss its Q4 and full year fiscal 2024 results on Thursday, February, 27th 2025 at 2pm PT / 5pm ET. The link to the call will be available that day on the company's Investor Relations website at investors.expensify.com. Prior to the call, intereste
Interchange derived from the Expensify Card grew to $4.6 million, an increase of 48% as compared to the same period last year Expensify, Inc. (NASDAQ:EXFY), a payments superapp that helps individuals and businesses around the world simplify the way they manage money across expenses, corporate cards and bills, today released a letter to shareholders from Founder and CEO David Barrett alongside results for its quarter ended September 30, 2024. A Message From Our Founder I'm happy to report that Q3'24 has extended and expanded upon the strong results of the previous two quarters: Our core business has remained stable. Though we're still catching up to last year's paid users and revenue (s
Join Expensify's earnings call on Thursday, November 7, 2024 at 2pm PT / 5pm ET Expensify, Inc. (NASDAQ:EXFY), a payments superapp that helps individuals and businesses around the world simplify the way they manage money across expenses, corporate cards and bills, today announced that the company's Q3 financial results will be released after market close on Thursday, November 7th, 2024. Expensify will host a call to discuss its Q3 results on Thursday, November 7th, 2024 at 2pm PT / 5pm ET. The link to the call will be available that day on the company's Investor Relations website at investors.expensify.com. Prior to the call, interested parties can visit the website to add the event to th
Interchange derived from the Expensify Card grew to $4.0 million, an increase of 48% as compared to the same period last year. Expensify, Inc. (NASDAQ:EXFY), a payments superapp that helps individuals and businesses around the world simplify the way they manage money across expenses, corporate cards and bills, today released a letter to shareholders from Founder and CEO David Barrett alongside results for its quarter ended June 30, 2024. A Message From Our Founder I'm extremely pleased with how well Q2 has extended Q1's achievements and improved upon them further: Our core business has been stabilize, with increasing cash flow. Revenue and paid users are within 1% of last quarter –
Join Expensify's earnings call on Thursday, August 8, 2024 at 2pm PT / 5pm ET. Expensify, Inc. (NASDAQ:EXFY), a payments superapp that helps individuals and businesses around the world simplify the way they manage money across expenses, corporate cards and bills, today announced that the company's Q2 financial results will be released after market close on Thursday, August 8, 2024. Expensify will host a call to discuss its Q2 results on Thursday, August 8, 2024 at 2pm PT / 5pm ET. The link to the call will be available that day on the company's Investor Relations website at investors.expensify.com. Prior to the call, interested parties can visit the website to add the event to their cal
Expensify Card interchange grew to $3.5 million, Operating cash flow was $3.5 million and Free cash flow was $5.2 million. Expensify, Inc. (NASDAQ:EXFY), a payments superapp that helps individuals and businesses around the world simplify the way they manage money across expenses, corporate cards and bills, today released a letter to shareholders from Founder and CEO David Barrett alongside results for its quarter ended March 31, 2024. A Message From Our Founder Q1'24 was a great start to the year. We are back to strong Operating cash flow and Free cash flow profitability, producing our best quarterly Free cash flow since Q1 of last year, and we are also increasing our full-year guidan
Join Expensify's earnings call on Thursday, May 9th at 2pm PT / 5pm ET Expensify, Inc. (NASDAQ:EXFY), a payments superapp that helps individuals and businesses around the world simplify the way they manage money across expenses, corporate cards and bills, today announced that the company's Q1 financial results will be released after market close on Thursday, May 9th, 2024. Expensify will host a call to discuss its Q1 results on Thursday, May, 9th 2024 at 2pm PT / 5pm ET. The link to the call will be available that day on the company's Investor Relations website at investors.expensify.com. Prior to the call, interested parties can visit the website to add the event to their calendars.
Interchange derived from the Expensify Card grew to $11.1 million, an increase of 63% compared to the prior year. Expensify, Inc. (NASDAQ:EXFY), a payments superapp that helps individuals and businesses around the world simplify the way they manage money across expenses, corporate cards and bills, today released a letter to shareholders from Founder and CEO David Barrett alongside results for its quarter and year ended December 31, 2023. A Message From Our Founder Here's how I see it: The same brisk sales and low churn we saw in 2022 has continued into 2023, and we have implemented a number of cost-cutting measures that we believe will pay off in 2024. However, the difficult ma
Join Expensify's earnings call on Thursday, February 22nd at 2pm PT / 5pm ET Expensify, Inc. (NASDAQ:EXFY), a payments superapp that helps individuals and businesses around the world simplify the way they manage money across expenses, corporate cards and bills, today announced that the company's Q4 and full year fiscal 2023 financial results will be released after market close on Thursday, February 22nd, 2024. Expensify will host a call to discuss its Q4 and full year fiscal 2023 results on Thursday, February, 22nd 2024 at 2pm PT / 5pm ET. The link to the call will be available that day on the company's Investor Relations website at investors.expensify.com. Prior to the call, interested
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