Slide 1: Earnings
Expensify Earnings —
Slide 2: Disclaimer
Expensify Disclaimer All information included in this presentation is unaudited. FORWARD-LOOKING STATEMENTS Forward-looking statements in this presentation, which are not historical facts, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1955. Thes
Slide 3: Q1 25 Financials
Expensify Q125 Financials
Slide 4: Revenue, Average Paid Members, Total Interchange
Expensify Q12025 Revenue Average Paid Members Total Interchange $36.IMM 657,000 $5.IMM
Slide 5: Operating Cash Flow, Net Loss, Adj. EBITDA
Expensify Q12025 Operating Cash Flow (Includes timing of customer funds) Free Cash Flow’ (Excludes timing of customer funds) $4.8MM $9.IMM Net Loss Non-GAAP Net Income? Adj. EBITDA? $(3.2MM) $4.83MM $8.4MM 1 We define Free cash flow as net cash (used in) provided by operating activities excluding ch
Slide 6: Free Cash Flow
Expensify Free Cash Flow! @ Q1FCF was $9.1MM, a 75% increase y/y and an increase of 45% q/q?. @ With Q4 Results, we initiated FY 2025 FCF guidance of $16.0MM - $20.0MM: O Weare increasing our FY 2025 FCF guidance to $17.0MM - $21.0MMs:. 1 We define Free cash flow as net cash (used in) provided by op
Slide 7: Monthly Paid Members
Expensify Q12025 Monthly Paid Members 800,000 200,000 to) y 2 y 2 fv i Sy Vv & £ ¥ & NS RS NS NS Note: There can be no assurances that the trends of previous second quarters are representative of future trends. April Paid Members 655,000 Denotes April 2025 and April activity from previous years
Slide 8: Q1 Business Highlights
QI Business Highlights
Slide 9: Q1 Business Highlights
Expensify QI Business Highlights: @ The Expensify Card ©. Total Interchange derived from the Expensify Card grew to $5.1MM, an increase of 43% y/y. @ Expensify Travel O Expensify Travel continues to grow quickly. Travel saw a 166% q/q increase in quarterly travel bookings in Q1. @ Spanish Support O
Slide 10: Simplified pricing for Collect
Expensify Simplified pricing for Collect: @ Legacy: $5-20 per active member, per month O 50% discount for annual commitment O 50% discount for Expensify Card adoption O Nocost if there's no activity @ New Customers: $5 per any member, per month O No annual commitment or card required O But billed wh
Slide 11: Concierge AI Highlights
Concierge AI Highlights
Slide 12: Tap, pick, answer, or describe how to fix anything
Tap, pick, answer, or describe how to fix anything. (@\ Expense report #5131956 t Todd Clyde ‘Submit Office supplies Concierge this $732 "Subway" purchase a train fare? How should it be Todd Clyde ‘Whoops, that should be Safeway, where | picked up some snacks for the office. Concierge No problem, I'
Slide 13: Conversational corrections
Expensify Conversational corrections Tap, pick, answer, or describe how to fix anything. Expense report #5131956 yde Office supplies Todd Clyde ‘Whoops, that should be Safeway, where | picked up some snacks for the office. Concierge No problem, I'l fix that for you! y" purchase ich or train fare? Ho
Slide 14: Receipt scanning of a Japanese receipt
Expensify Pai hm v> sO ~ Japanese Moclerin Yak TEE OFS 5304 7240 RRABAARKAA1-31-15 RORWEWIE 20192: 7188 (A) 218095}000101 * BEST 2 A*AK2 ¥28, 0005+ * PD VSPLEW @680x 2 ¥1, 3604} *S oid b 59° ¥7805}
Slide 15: Receipt scanning of a Japanese receipt
Expensify HP ee FRA SO apanese Moclerin Yak TEE OFS S302 20192: 7188 (A) 218095}000101 * BEST 2 A*AK2 ¥28, 0005+ * PD VSPLEW @680x 2 ¥1, 3604} *S oid b 59° ¥7805}
Slide 16: Suspicious travel bookings
Suspicious travel bookings Real-time risk scoring analysis of fraudulent travel bookings Payment Details (Apr 29, 2025) Manila Transaction history Flight Booking Price & payment details Flight(s) Emirates EK784 (LOS - DXB) Traveler Rodrigo Test Emirates EK380 (DXB - HKG) Base fare $3,074.00 Philippi
Slide 17: Real-time risk scoring analysis of fraudulent travel bookings
Real-time risk scoring analysis of fraudulent travel bookings Payment Details (Apr 29, 2025) Manet tio} Price & payment details Flight(s) Emirates EK784 (LOS - DXB) Traveler Rodrigo Test Emirates EK380 (DXB - HKG) Base fare $3,074.00 Philippine Airlines PR311 (HKG - MNL) Fees and taxes $1,155.40 Boo
Slide 18: Next up: Virtual CFO
Expensify Next up: Virtual CFO @ Workflow suggestions O "Ilsaw you manually cut 84 checks last month to 15 employees. Can! help you set up free online reimbursement? It'd save you about 4.4 hours/mo, and get your employees paid next day." @ Financial analysis on demand O Who are my top spenders, and
Slide 19: F1 activity is heating up
Fl activity is heating up
Slide 20: Don Toliver - Lose My Mind (feat. Doja Cat)
Don Toliver - Lose My Mind (feat. Doja Cat) Music Video = youtube : aD @ cee Qala Expensify FOR > a ett ga! ) ~~ Expensify Pm Pl 4) 012/329 Don Toliver - Lose My Mind (feat. Doja Cat) [From F1® The Movie] [Official Music Video] : Don Toliver @ {sits J 4,138,852 views } days ago #0
Slide 21: Damson Idris at the Met Gala
Damson Idris at the Met Gala on Monda
Slide 22: Users are noticing...
Users are noticing...
Slide 23: Customers are experiencing the chat-first advantage!
Customers are experiencing the chat-first advantage! Muchira M. ternational Mobilisation Field Staff Mid-Market (51-1000 emp.) Validated Reviewer “ Verified Current User “ Review source: Organic 4/26/2025 "The Expensify Chat Feature with Your finance Admin during Expense reports submission is Gold!"
Slide 24: Slide 24
Slide 25: Expensify
Expensify
Slide 26: Appendix
Appendix
Slide 27: GAAP to Non-GAAP Reconciliation: Non-GAAP Net Income
Expensify GAAP to Non-GAAP Reconciliation: Non-GAAP Net Income Three months ended Three months ended March 31, 2025 March 31, 2024 (unaudited, in thousands) (unaudited, in thousands) Net loss $ (3,169) $ (3,781) Add: Stock-based compensation expense 7,990 7,524 Non-GAAP Net Income’ $4,821 $3,743 We
Slide 28: GAAP to Non-GAAP Reconciliation: Adjusted EBITDA
Expensify GAAP to Non-GAAP Reconciliation: Adjusted EBITDA Three months ended Three months ended March 31, 2025 March 31, 2024 (unaudited, in thousands) (unaudited, in thousands) Net loss $ (3,169) $ (3,781) Provision for income taxes 2,006 1,034 Other (income) expenses, net (324) 954 Depreciation a
Slide 29: GAAP to Non-GAAP Reconciliation: Free Cash Flow
Expensify GAAP to Non-GAAP Reconciliation: Free Cash Flow Three months ended Three months ended Three months ended March 31, 2025 December 31, 2024 March 31, 2024 (unaudited, in thousands) (unaudited, in thousands) (unaudited, in thousands) Net cash provided by operating activities $ 4,805 $7,402 $3
Slide 30: Estimated Stock-Based Compensation (Millions)
Expensify Estimated Stock-Based Compensation (Millions) - Next 4 Quarters Q2 2025 Q3 2025 Q4 2025 Q12026 Low High Low High Low High Low High Cost of revenue, net $2.2 $3.0 $2.1 $2.9 $2.0 $2.8 $1.9 $2.7 Research and development 1.8 2.4 ‘tkd/ 2.3 1.6 2.2 1.5 2.1 General and administrative 1.2 1.6 1.1
Slide 31: Q&A
Expensify