Expensify (NASDAQ:EXFY) Issues Quarterly Earnings Results, Misses Expectations By $0.13 EPS

Expensify (NASDAQ:EXFY) posted its earnings results on Thursday. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.13), Zacks reports. The company had revenue of $35.20 million during the quarter, compared to the consensus estimate of $35.50 million. Expensify had a negative return on equity of 11.75% and a negative net margin of 10.83%.

Here are the key takeaways from Expensify’s conference call:

• Expensify generated strong cash in FY25 with $142.1M revenue and ~$19.9M free cash flow (at the high end of guidance), and repurchased ~4.8M shares for ~$9M, signaling management confidence.
• The company is initiating conservative FY26 free cash flow guidance of $6M–$9M, attributing the decline to increased investments in sales & marketing and AI.
• Migration to New Expensify reached feature parity for customers representing 90% of revenue and is rolled out to 63% of Classic customers, with next steps including migration of the approved accounting network and new native reporting/virtual CFO insights.
• Expensify is positioning its AI “Concierge” as an “accountable intelligence” differentiator—contextual, correctable, and continuous—which management cites as a moat versus generic AI tooling.
• Product momentum includes Expensify Travel bookings up 434% YoY in Q4 and card interchange growth of 24% YoY (to $21.3M), indicating successful cross-selling and adoption.

Expensify Stock Performance

Shares of NASDAQ EXFY traded down $0.29 during trading on Friday, hitting $0.95. The company had a trading volume of 3,987,909 shares, compared to its average volume of 600,288. Expensify has a 12 month low of $0.89 and a 12 month high of $3.99. The firm has a market capitalization of $76.81 million, a P/E ratio of -5.59 and a beta of 1.69. The stock has a 50 day simple moving average of $1.40 and a 200 day simple moving average of $1.60.

Analysts Set New Price Targets

Several analysts recently commented on EXFY shares. Wall Street Zen lowered Expensify from a “buy” rating to a “hold” rating in a report on Saturday, November 15th. Weiss Ratings restated a “sell (d-)” rating on shares of Expensify in a research note on Monday, December 29th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $3.50.

Insider Transactions at Expensify

In other Expensify news, CEO David Michael Barrett sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $1.45, for a total transaction of $43,500.00. Following the sale, the chief executive officer owned 1,318,480 shares in the company, valued at approximately $1,911,796. This trade represents a 2.22% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last ninety days, insiders have sold 140,393 shares of company stock valued at $211,059. Corporate insiders own 12.27% of the company’s stock.

Institutional Trading of Expensify

Institutional investors and hedge funds have recently modified their holdings of the company. Wealthspire Advisors LLC boosted its holdings in Expensify by 60.4% in the 4th quarter. Wealthspire Advisors LLC now owns 106,212 shares of the company’s stock worth $160,000 after buying an additional 40,000 shares during the period. XTX Topco Ltd bought a new position in shares of Expensify in the second quarter worth about $157,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Expensify during the first quarter worth about $142,000. Wells Fargo & Company MN raised its stake in Expensify by 59.9% during the 4th quarter. Wells Fargo & Company MN now owns 70,036 shares of the company’s stock valued at $106,000 after purchasing an additional 26,238 shares during the period. Finally, New York State Common Retirement Fund bought a new stake in Expensify during the 2nd quarter valued at approximately $105,000. 68.42% of the stock is currently owned by institutional investors.

Expensify Company Profile

Expensify, traded on NASDAQ under the ticker EXFY, is a software-as-a-service (SaaS) company specializing in automated expense management and reporting. Its flagship platform enables employees to capture receipts via mobile app or email, automatically extract expense details through optical character recognition (OCR) and artificial intelligence, and submit streamlined expense reports. The solution is designed to eliminate manual data entry and reduce approval cycle times, serving a broad range of industries from small businesses to large enterprises.

Founded in 2008 by entrepreneur David Barrett, Expensify has grown from a simple receipt-scanning app into a comprehensive spend management suite.