Expensify (EXFY) Q2 Revenue Rises 7%
Expensify (NASDAQ:EXFY), a leading provider of cloud-based expense management tools for small and medium-sized businesses, released its results for the quarter ended June 30, 2025, on August 7, 2025. The earnings release highlighted significant challenges, with revenue (GAAP) coming in at $35.8 million—falling short of analyst expectations of $36.5 million for Q2 2025. Non-GAAP earnings per share recorded a loss of $0.02, missing forecasts for a $0.02 profit in Q2 2025. Despite these setbacks, the company reported a year-over-year GAAP revenue increase and positive free cash flow. However, declines in paid members, widening net losses (GAAP), and negative adjusted EBITDA signaled persistent pressure on user growth and profitability.
Source: Analyst estimates for the quarter provided by FactSet.
Expensify offers software-as-a-service solutions designed to help businesses automate expense management, receipt tracking, and related payments. Its primary audience is small and medium-sized businesses, or SMBs, which are often underserved by traditional financial software tools. The company enables users to manage expenses from anywhere by integrating with accounting systems, travel booking platforms, and banking partners.
Source Fool.com
