Expensify — Q3 2026 Earnings Summary

Expensify reported third-quarter 2026 net revenue of $33.0 million, a 6% decrease year-over-year, while generating $4.0 million in operating cash flow and $3.3 million in free cash flow. The company achieved non-GAAP net income of $3.1 million and adjusted EBITDA of $6.1 million, driven by a 212% year-over-year revenue increase in its New Expensify segment. Paid membership declined 2% to 630,000, though the Expensify Card expanded to 13 European markets and travel bookings grew 40% year-over-year. Expensify raised its full-year 2026 free cash flow guidance to a range of $13.5 million to $15.5 million following the repurchase of approximately $1.3 million in Class A common stock.