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AI brief of an SEC Form 8-K · Expensify, Inc. (EXFY)

Expensify Q2 revenue falls 5% to $33.9 million; net loss narrows to $3.9 million

Mixed Impact 4 of 5 earnings Written later

Expensify reported second-quarter 2026 revenue of $33.9 million, down 5% from a year earlier, while its net loss narrowed to $3.9 million from $8.8 million. The company also repurchased about 6.8 million Class A shares, roughly a 7% reduction in shares outstanding, and guided to free cash flow of $12.0 million to $14.0 million for fiscal 2026.

Key points

  • Q2 2026 revenue was $33.9 million, down 5% from the same period last year; net loss was $3.9 million versus $8.8 million a year earlier
  • Adjusted EBITDA was $6.6 million and free cash flow was $6.4 million for the quarter
  • Paid members were 640,000, down 2% year over year
  • Share repurchases totaled about 6.8 million Class A shares, including a $25 million modified Dutch auction tender offer at $1.20 per share

The filing

CompanyExpensify, Inc. (EXFY)
Form8-K, current report
Filed with the SECAug 6, 2026, 4:03 PM ET
Accession number0001476840-26-000073

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 10:08 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 06, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.