Expensify Q4 revenue down 5%, slightly misses estimates

Expensify

26/02/2026 21:08

Overview

Payments superapp's Q4 revenue slightly missed analyst expectations, declining 5% yr/yr

Full-year fiscal 2025 revenue grew 2% compared to prior year

Company repurchased 4.8 mln shares, totaling about $9.1 mln

Outlook

Expensify estimates FY 2026 free cash flow of $6.0 mln - $9.0 mln

Company plans increased spend in sales, marketing, and AI

Result Drivers

NEW EXPENSIFY ROLLOUT - The company rolled out New Expensify to 63% of paying customers, focusing on new feature development

UBER PARTNERSHIP - Expensify entered a multi-year integration partnership with Uber for Business to automate travel and meal receipts

Company press release: ID:nBw4wBJNBa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Slight Miss*
$35.2 mln
$35.49 mln (3 Analysts)
Q4 Net Income
-$7.12 mln
Q4 Income from Operations
-$3.94 mln
Q4 Operating Expenses
$21.25 mln
Q4 Pretax Profit
-$3.52 mln


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "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 $1.75, about 37.8% above its February 25 closing price of $1.27

The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 7 three months ago

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