Expensify Q2 revenue misses estimates

Expensify

07/08/2025 21:10

Overview

Expensify Q2 2025 revenue rises 7% yr/yr but misses analyst expectations, per LSEG data

Net loss widens to $8.8 mln from $2.8 mln in prior year

Interchange derived from Expensify Card grows 31% yr/yr

Co repurchased $3.0 mln in shares, expands international presence

Outlook

Expensify estimates 2025 free cash flow of $19.0 mln to $23.0 mln

Company plans AI feature rollout in Q3 2025

Expensify Card expected in UK and EU this month

Result Drivers

INTERCHANGE GROWTH - Interchange revenue from Expensify Card increased 31% yr/yr, driven by international expansion

BRAND AWARENESS - Expensify's involvement in F1® The Movie boosted brand recognition, especially among 18-24 demographic

INTERNATIONAL EXPANSION - Co expanded its card availability to the UK, EU, and added support for 10,000+ banks worldwide

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Miss
$35.76 mln
$36.20 mln (5 Analysts)
Q2 Net Income
-$8.79 mln
Q2 Income from Operations
-$10.34 mln
Q2 Operating Expenses
$28.92 mln
Q2 Pretax Profit
-$9.45 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "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 $4.00, about 50.5% above its August 6 closing price of $1.98

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

Press Release: ID:nBw5sBF7fa

(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.)