Expensify EXFY Q1 2026 Earnings Transcript

Expensify reported Q1 2026 revenue of $34 million, down 6% year-over-year, with average paid members declining 4% to 632,000. However, the company maintained profitability with non-GAAP net income of $3.6 million and free cash flow of $2.5 million (excluding a $2.6 million legal settlement). Management highlighted positive momentum with April paid members reaching 641,000 and emphasized progress on platform migration (60% of classic customers), BYOC strategy expansion, and product enhancements. CEO Barrett indicated the business is positioned for a potential inflection point, though acknowledged performance limitations with the new platform for larger customers.

05/07/2026, 5:32 PM • The Motley Fool

Levi & Korsinsky, LLP Announces Proposed Class Action Settlement on Behalf of Purchasers of Expensify, Inc.

A proposed class action settlement of $9.5 million has been approved by the U.S. District Court for the District of Oregon on behalf of Expensify, Inc. common stock purchasers. The settlement addresses allegations that inaccuracies in Expensify's IPO registration statement violated Securities Act sections. A hearing is scheduled for June 30, 2026, to determine if the settlement is fair and reasonable. Defendants have denied all allegations.

03/23/2026, 8:00 AM • GlobeNewswire

EXPENSIFY ALERT: Bragar Eagel & Squire, P.C. is Investigating Expensify, Inc. on Behalf of Expensify Stockholders and Encourages Investors to Contact the Firm

Law firm investigating potential claims against Expensify related to misleading IPO offering documents, alleging false statements about revenue growth and business prospects.

08/06/2025, 7:50 PM • GlobeNewswire