Feb. 27 at 12:27 AM
$EXFY Expensify reported Q4 revenue of
$35.2M and average paid members of 650,000, with fiscal 2025 free cash flow of
$19.9M, but issued a more conservative free cash flow guidance for fiscal 2026 of
$6M–
$9M as it increases investments in sales, marketing and AI.
New Expensify has reached feature parity for customers representing 90% of revenue and been rolled out to 63% of Classic customers, and the company is refocusing on product-led growth with a new free "Submit plan" to drive employee-led adoption.
Operational momentum includes Expensify Travel bookings up 434% YoY in Q4 and interchange growth of 24% for FY25, plus a multi-year integration with Uber for Business and roughly
$9M of share repurchases in 2025.
