Expensify Q2 FY26 net loss narrows 56% to $3.9 million; revenue falls 5% to $33.9 million
EXFY•Q2 results
- Expensify posted Q2 revenue, net of $33.9 million, down 5% from a year earlier.
- Net loss narrowed to $3.9 million; adjusted EBITDA was $6.6 million.
- Cash from operating activities was $8.4 million; free cash flow totaled $6.4 million.
Operating metrics and customer growth
- Interchange revenue from the Expensify Card rose 12% to $5.9 million; paid members fell 2% to 640,000.
- CEO David Barrett said revenue from net new customers on New Expensify grew over 250% year-over-year to more than $10 million ARR across over 10,000 customers.
