Expense management software firm Expensify Q3 revenue misses estimates

Expensify

06/11/2025 21:08

Overview

Expensify Q3 revenue fell 1% yr/yr, missing analyst expectations

Interchange revenue from Expensify Card grew 18% yr/yr

Company repurchased 1.58 mln shares, totaling $3.0 mln

Outlook

Expensify estimates FY25 free cash flow between $19.0 mln and $23.0 mln

Result Drivers

INTERCHANGE REVENUE - Expensify Card interchange revenue grew 18% yr/yr, contributing positively to financial results

TRAVEL BOOKINGS - Expensify Travel saw a 36% increase in quarterly travel bookings, with a 95% increase since Q1

CONCIERGE AI LAUNCH - Launch of upgraded Concierge AI expected to improve customer experience and operational efficiency

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Miss
$35.07 mln
$35.80 mln (4 Analysts)
Q3 EPS
-$0.03
Q3 Net Income
-$2.32 mln
Q3 Income from Operations
-$2.26 mln
Q3 Operating Expenses
$19.66 mln
Q3 Pretax Profit
-$2.16 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the software peer group is "buy"

Wall Street's median 12-month price target for Expensify Inc is $2.50, about 35.2% above its November 5 closing price of $1.62

The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 8 three months ago

Press Release: ID:nBw9xmZZda

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)