Expensify reports Q2 EPS (10c), consensus 2c
Q2 Financial Performance: The company reported Q2 revenue of $35.8 million, slightly below the consensus estimate of $36.2 million, with a 4% year-over-year decline in cash flows from operating activities but a 10% increase in free cash flow, allowing for a $3 million share buyback and an upward revision of full-year 2025 free cash flow guidance.
Product Development and AI Focus: The transition from Classic to New Expensify is progressing well, with improvements in speed and capabilities, including support for local reimbursements globally; the company is also prioritizing advancements in AI, with new features expected to be rolled out in Q3.
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- Automated Reporting: The integration between Expensify and Uber for Business automates the collection of e-receipts for employee Uber rides and Uber Eats orders, eliminating manual uploads and data entry, which enhances reimbursement efficiency and reduces the workload for finance teams.
- Enhanced Policy Controls: The updated integration allows admins to apply ride and meal policies company-wide or by group, ensuring only eligible employees are invited, thereby improving compliance and management efficiency.
- Global Compatibility: Uber receipts meet international invoicing standards, simplifying expense management on a global scale, making it easier for multinational companies to handle employee travel and dining expenses.
- 24/7 Support Services: Companies receive expert assistance around the clock through Uber for Business, ensuring timely resolution of issues during the integration process, which enhances user experience and satisfaction.
Recognition of Expensify: Expensify has been awarded the 2026 Buyer's Choice award in the expense management category by TrustRadius, based on customer reviews highlighting its capabilities, value for price, and customer relationships.
Customer Feedback: Users praise Expensify for its user-friendly interface, efficiency in managing expenses, and the ability to streamline reporting, with many noting it as a significant improvement for their organizations.

Partnership Announcement: Expensify has entered a multi-year partnership with the Brooklyn Nets, becoming the team's official travel and expense management partner, marking Expensify's first deal with a professional sports team.
Expansion of Relationship: This partnership builds on a long-standing relationship between Expensify and Brooklyn Sports and Entertainment, with the Nets being early adopters of Expensify Travel and advocates for modernizing finance operations.
Branding and Promotion: Expensify will be featured prominently at Barclays Center and across Nets digital channels during the 2025-26 NBA season, including in-arena branding and exclusive content showcasing the use of Expensify for team travel and expenses.
Commitment to Innovation: Both organizations express excitement about the partnership, emphasizing their shared commitment to performance-driven solutions and the benefits of unifying back office operations through automation.

Investigation Announcement: Bragar Eagel & Squire, P.C. is investigating potential claims against Expensify, Inc. following a class action complaint regarding misleading statements in the company's IPO documents from November 2021.
Call for Investors: Long-term stockholders of Expensify who have suffered losses are encouraged to contact the law firm for more information about their rights and options related to the investigation.
Stock Ratings Update: Validea's Price/Sales Investor model, based on Kenneth Fisher's strategy, has upgraded ratings for several small-cap growth stocks, including Harmonic Inc. (HLIT) from 58% to 80%, Omnicell Inc. (OMCL) from 50% to 70%, ON24 Inc. (ONTF) from 58% to 70%, and Expensify Inc. (EXFY) from 58% to 70%, indicating increasing interest based on their fundamentals and valuations.
Company Descriptions: The companies mentioned provide various technology solutions; Harmonic focuses on video delivery, Omnicell specializes in medication management, ON24 offers a cloud-based engagement platform, and Expensify provides expense management software, all aiming to enhance operational efficiency in their respective industries.
U.S. Bank's Marketing Strategy: U.S. Bank's chief marketing officer, Michael Lacorazza, participated in a fictional golf tournament featuring Adam Sandler and other celebrities to promote the bank's brand in the sequel to "Happy Gilmore."
Collaboration with Netflix: The bank collaborated closely with Netflix and Sandler's production company from the film's early stages, securing a prominent sponsorship role against competing brands for a key scene in the movie.






