Expensify Q3 revenue falls despite strong New Expensify conversion growth
EXFY•Expensify's Q3 revenue fell 6% to $33.02 million, below the $33.86 million analyst consensus, while its net loss widened. The company raised its fiscal 2026 free cash flow guidance to $13.5 million-$15.5 million.
1. Quarterly results
Expensify reported Q3 revenue of $33.02 million, down 6% and below the $33.86 million consensus estimate. Its net loss was $3.34 million, and its loss per share was $0.04.
2. Guidance and growth
The company raised fiscal 2026 free cash flow guidance to $13.5 million-$15.5 million. It generated higher free cash flow and repurchased $1.3 million in shares. Expensify said New Expensify revenue rose with new feature launches and improved customer conversion; Expensify Card revenue increased as issuance expanded to 13 European markets, and travel bookings rose after consolidated billing launched and quarterly activity reached a record. The company expects quarterly stock-based compensation expense of $5.4 million-$7.8 million through Q3 2027.
