Expensify, Inc. Class A (EXFY)

Expensify's stock experienced several notable events over the past six months. On May 8, 2025, Expensify announced its Q1 2025 results, reporting an 8% year-over-year increase in revenue, a 43% increase in interchange, and a 75% increase in free cash flow, and raised its full-year 2025 Free Cash Flow guidance. On July 1, 2025, the company completed a share buyback, repurchasing 1,285,336 shares for approximately $3.0 million. On August 7, 2025, Expensify announced its Q2 2025 financial results. On August 27, 2025, Expensify Travel introduced new features and launched an integration for automatic receipt import with DoorDash for Business. On October 23, 2025, Expensify announced its plan to report Q3 2025 results on November 6, 2025. As of July 7, 2025, the stock had seen a 25% reduction in its share price since the beginning of the year, and on October 21, 2025, the share price was $1.69, reflecting a 2.87% decline over the preceding year. Expensify's stock has underperformed both the US Software industry and the broader US Market, and insider selling has been observed.

Expensify's business experiences some demand seasonality, with Q1 typically seeing lower revenue compared to other periods. The nature of expense management correlates with business activity and travel, which can be influenced by seasonal business cycles. Expensify's services cater to and are impacted by seasonal business operations, and historically, the role of account managers at Expensify was also described as highly seasonal.

Expensify, Inc. operates in the Technology sector, providing a cloud-based expense management software platform. The company's core offering is the Expensify platform, which automates expense reporting, invoice management, and bill payment processes. Its major products and services include corporate card management, expense tracking, next-day reimbursement, invoicing, bill pay, group chat, spend management, and travel booking services. Expensify also offers a business credit card known as the Expensify Card and emphasizes AI-driven solutions to automate audits, ensure compliance, and detect fraud.

Expensify is a global company headquartered in Portland, Oregon, with offices in San Francisco, London, and Melbourne. The company provides its cloud-based expense management software platform to customers in the United States and internationally.

Expensify has focused on enhancing its brand through product innovation and strategic partnerships. The company's mission is to automate expense management, and its reputation is bolstered by its pursuit of AI integration to improve accuracy, efficiency, and fraud detection. Expensify gained brand visibility through its sponsorship of Brad Pitt's F1 team. There were no specific negative events significantly impacting Expensify's brand reputation reported in the past year.

Expensify, Inc.'s ownership structure includes institutional investors, company insiders, and retail investors. Major institutional shareholders include Vanguard Group Inc, BlackRock, Inc., and Acadian Asset Management Llc. Institutional investors hold a significant portion of the company's shares, with figures ranging from approximately 8.58% to 60.28%. Insiders hold around 4.02% to 17.43% of the shares, while retail and individual investors account for approximately 9.12% to 69.01%.