Expensify Announces Q1 2025 Results

About this update from Expensify, Inc.

[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":480,"height":480,"url":"https://media.zenfs.com/en/business-wire.com/05de116c8861639e844fea692902831b"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/StPBT4kAJZcuIWpzD5T9zg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTk2MDtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/05de116c8861639e844fea692902831b","width":480,"height":480}},"lazy":false},{"type":"text","content":"Total interchange derived from the Expensify Card grew to $5.1 million, an increase of 43% as compared to the same period last year.","length":132,"tagName":"p","attribs":{}},{"type":"text","content":"PORTLAND, Ore., May 08, 2025--(BUSINESS WIRE)--Expensify, Inc. (Nasdaq: EXFY), a payments superapp that helps individuals and businesses around the world simplify the way they manage money across expenses, corporate cards and bills, today released a letter to shareholders from Founder and CEO David Barrett alongside results for its quarter ended March 31, 2025.","length":363,"tagName":"p"},{"type":"text","content":"A Message From Our Founder","length":26,"tagName":"p"},{"type":"text","content":"Q1'25 was another strong quarter. Though seasonally affected as expected, on an annual basis this quarter saw an 8% increase in revenue, 43% increase in interchange, 38% increase in cash from operating activities and 75% increase in free cash flow from the same quarter last year. In fact, this quarter produced $4.8 million of cash from operating activities and $9.1 million in FCF – over 50% of the bottom end of our FCF forecast for the entire year. As such we are increasing our full year 2025 FCF guidance to $17.0 million - $21.0 million.","length":548,"tagName":"p"},{"type":"text","content":"On top of that strong performance was a 166% increase in quarterly travel bookings, which is now fully launched to all customers and seeing strong pickup from customers new and old. Indeed, though still very early days, we're seeing companies adopt travel at over twice the rate they adopted the Expensify Card at launch.","length":325,"tagName":"p"},{"type":"text","content":"Our main effort for Q1'25 was in preparing for the upcoming F1 premier on June 25th, in which Expensify is the top sponsor of Brad Pitt's F1 team. This is Apple's lar...

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