Expensify, Inc. Class A (EXFY)

Expensify's stock price has declined significantly over the past six months. The company's Q3 2025 financial results missed analyst expectations. Analysts have decreased price targets for the stock. There has been recent insider trading activity with an independent director purchasing stock and a director selling shares. Expensify participated in the Citi 2025 Global TMT Conference and the BMO Virtual Software Conference.

Expensify's financial reporting indicates some seasonality in demand. The first quarter is seasonally soft in terms of revenue. Interchange revenue from the Expensify Card has shown consistent growth. Q3 free cash flow has been noted as a little less than in prior quarters due to the seasonal timing of annual payments.

Expensify, Inc. is a software company specializing in cloud-based expense management solutions. It operates as a payments superapp, offering corporate card management, expense tracking, reimbursement, invoicing, bill payment, and travel booking. The platform includes features like automated receipt scanning, group chat, spend management, and an AI-powered assistant. Expensify serves a diverse clientele and integrates with major accounting software.

Expensify is a global company headquartered in Portland, Oregon, with offices in San Francisco, London, and Melbourne. It operates in the United States and other locations, serving users in over 190 countries.

Expensify has received positive recognition for its products in the past year. The company earned a 2026 Buyer's Choice Award from TrustRadius in November 2025. Expensify was named the Official Travel and Expense Management Partner of the Brooklyn Nets in November 2025.

Expensify's ownership is a mix of institutional, retail, and individual investors. Institutional investors hold a significant percentage of the company's stock, with Vanguard Group Inc. owning the most shares. Insiders also own a portion of the stock, with CEO David Barrett being a significant individual owner. Retail investors and the general public hold a substantial portion as well.