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Expensify's stock has experienced volatility and several notable events in the past six months. Expensify announced Q3 2025 results, reporting continued free cash flow generation, interchange revenue growth, and an increase in travel bookings, but paid members decreased. The company reported a year-over-year decrease in Q4 revenue and paid members, but highlighted growth in its travel and payment offerings and initiated fiscal year 2026 free cash flow guidance. Expensify received a notice from Nasdaq that its share price had traded below the $1.00 minimum bid requirement, posing a delisting risk. An upcoming Annual General Meeting includes a proposal to conduct a reverse stock split of common stock. Expensify reported a Q1 2026 net loss and a year-over-year revenue decline, but interchange revenue increased, and the company maintained positive free cash flow. Expensify announced partnerships with the Institute of Commercial Payments (IOCP) and integrated with American Airlines for Business.