Expensify, Inc. (EXFY) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to the Expensify Q3 2025 earnings. I'm CFO Ryan Schaefer, and with me I have our founder and CEO, David Barrett. And now I'm going to hand it over to Nikki for the legalese. Please note that all the information presented on today's call is unaudited, and during the course of this call, management may make forward-looking statements within the meaning of the federal securities laws. These statements are based on management's current expectations and beliefs and involve risks, and uncertainties that could cause actual results to differ materially from those described in forward-looking statements. Forward-looking statements in the earnings release that we issued today, along with the comments on this call, are made only as of today and will not be updated as actual events unfold. Please refer to today's press release and our filings with the SEC for a detailed discussion of the risks that could cause actual results to differ materially from those expressed or implied in any forward-looking statements made today. Please also note that on today's call, management will refer to certain non-GAAP financial measures. While we believe these non-GAAP financial measures provide useful information for investors, The presentation of this information is not intended to be considered in isolation or as a substitute for the financial information presented in accordance with GAAP. Please refer to today's press release or the investor presentation for a reconciliation of these non-GAAP financial measures to their most comparable GAAP measures. Thanks, Nikki. Now let's dive into the Q3 financials. Revenue was $35.1 million. Average paid members was 642,000, and total interchange was 5.4 million. Our operating cash flow was 4.2 million. Our free cash flow was 1.2 million. Net lo...