Expensify Q2 revenue slightly beats estimates on new customer growth
EXFY•Outlook
- Expensify estimates 2026 free cash flow of $12 mln to $14 mln
- Company expects stock-based compensation of $5 mln to $7.4 mln in Q3 2026
- Expensify aims to migrate remaining Classic customers to New Expensify and accelerate new customer acquisition
Analyst coverage
- The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
- The average consensus recommendation for the software peer group is "buy"
- Wall Street's median 12-month price target for Expensify, Inc. is $1.13, about 44.3% below its August 5 closing price of $2.02
- The stock recently traded at 26 times the next 12-month earnings vs. a P/E of 11 three months ago
Key financial details
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Revenue | Slight Beat* | $33.87 mln | $33.69 mln (3 Analysts) |
| Q2 Loss Per Share | $0.04 | ||
| Q2 Net Loss | $3.85 mln | ||
| Q2 Income from Operations | -$2.92 mln | ||
| Q2 Operating Expenses | $19.25 mln | ||
| Q2 Pretax Loss | $2.72 mln |
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
