EXFY News & Events

Expensify announced a new integration partnership with VAT IT. The integration enables Expensify customers to streamline VAT recovery processes by automatically syncing eligible expense data with VAT IT, reducing manual work and helping businesses recover more from international business spend. This partnership expands Expensify's global capabilities, helping the company better serve customers in Europe and Canada, where VAT reclaim services are a key component of modern expense management.

Expensify announced a strategic partnership with Playroll. The new integration closes the reimbursement gap for global teams - expense data flows to payroll in local currency with compliance automatically enforced across 180+ countries. Approved expenses flow into the next payroll run in each country, are processed in local currency, and are reconciled against payroll in real time. The partnership includes a new integration that connects Expensify's expense management platform with Playroll's global payroll infrastructure.

Expensify announced that it has commenced a modified "Dutch auction" tender offer to purchase for cash up to $25M of its outstanding shares of Class A common stock at a price per share not less than 98c and not greater than $1.20, less any applicable withholding taxes and without interest. The Tender Offer will expire at 12:00 midnight, New York City time, at the end of the day on June 10, unless extended or terminated. If the Tender Offer is fully subscribed, the company will purchase between 25,510,204 and 20,833,333 shares, or between approximately 30% and 25%, respectively, of the Company's outstanding Class A Common Stock as of May 4. Any shares tendered may be withdrawn prior to expiration of the Tender Offer. Stockholders that do not wish to participate in the Tender Offer do not need to take any action. None of the Company's directors or executive officers will tender any of their shares in the Tender Offer.

Reports Q1 revenue $$34.0M, consensus $34.2M. In Q1 2026, Expensify continued to advance its growth strategy by expanding distribution partnerships, strengthening its product ecosystem, and accelerating development of New Expensify. The company made progress on its Bring Your Own Card strategy, enabling customers to connect existing corporate and personal cards through integrations with more than 10,000 banks, while adding or renewing strategic relationships with the Institute of Commercial Payments, ANZ Bank, and Kiwibank. Expensify also expanded its commercial ecosystem through new agreements with Campfire ERP and Rillet ERP and a new travel integration with American Airlines. Product development remained strong, with more than 30 improvements shipped during the quarter across Home, Insights, Concierge, card controls, expense automation, reporting, and mobile receipt management, including merchant rules, GPS mileage tracking, enhanced analytics, virtual card controls, and expanded accountant workflows. Together with continued Expensify Card interchange growth, positive free cash flow, and an increase in April 2026 paid active users relative to the Q1 2026 average, these initiatives reflect continued progress toward improving adoption, increasing automation, and positioning the business for future growth. david Founder and CEO of Expensify