Earnings Releases·Nov 5, 2026, 4:01 PM ET

Expensify — Q3 2026 Earnings Summary

Net revenue declined 6% year-over-year to $33.0 million, while operating and free cash flow surged 510% and 170% respectively to $4.0 million and $3.3 million; net loss widened to $3.3 million compared to $2.3 million in Q3 2025.
Fiscal 2026 free cash flow guidance was raised by $1.5 million to a range of $13.5 million to $15.5 million, driven by New Expensify revenue growth of 212% year-over-year and a 40% increase in travel bookings.
Strategic expansion included the Expensify Card entering 13 markets (UK and 12 EU countries), a new referral agreement with Visa, and the launch of consolidated travel billing.
Capital return activities included the repurchase of 722,121 shares totaling approximately $1.3 million, alongside significant adoption of AI features with custom agents handling over 96% of real-world requests.