EExpensify provides expense management software for businesses and individuals. It helps people track, report, and reimburse expenses by automating receipts and expense data. The platform lets users scan receipts, generate real-time expense reports, and integrate with other financial tools, so spending is organized and easy to review. What sets Expensify apart is its intuitive design combined with features like receipt scanning and real-time reporting that streamline the whole process. The goal is to simplify expense management for organizations of all sizes, helping millions of users manage their expenses more easily.
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Industries
Company Size
201-500
Company Stage
IPO
Headquarters
San Francisco, CA
Founded
2008
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Total Funding
$65.7M
Below
Industry Average
Funded Over
6 Rounds
Expensify reported third-quarter 2026 revenue of $33 million, as growth in its new platform offset pressure from its legacy Classic product. New Expensify annual recurring revenue (ARR) rose 30% from the second quarter and 212% year-over-year to more than $13 million. Free cash flow climbed 170% year-over-year to $3.3 million. The company raised its full-year 2026 free cash flow guidance to $13.5 million–$15.5 million, from $12 million–$14 million. It posted a GAAP net loss of $3.3 million, against non-GAAP net income of $3.1 million. Average paid members were 630,000, and 636,000 in October. Trips booked through Expensify Travel rose 40% year-over-year in a record quarter. The chief executive officer expects New Expensify growth to overtake Classic attrition next year.
Expensify execs: 'break-even' point to quell revenue decline is near. Expensify said the "growth engine" of its New Expensify offering is picking up even as overall revenue and paid member count in the third quarter continued a trend of decline from the previous quarter. The company reported net revenue of $33 million in the third quarter, down 6 percent year over year, and paid members declined 2 percent year over year to 630,000. Looking solely at the mobile- and chat-focused New Expensify showed revenue growth of 30 percent in the third quarter compared with the second quarter and of 212 percent year over year, founder and CEO David Barrett said in an earnings call. Those figures include only new customers on the New Expensify and do not include customers on the Classic offering that have migrated over, he added. He and Expensify CFO Ryan Schaffer said at the current pace, the "break-even point," when revenue growth from New Expensify customers exceeds attrition from those on the Classic platform, is on track to happen next year. "The real challenge is that we are sort of balancing two largely unrelated systems that seem to be counteracting each other," Barrett said. "We have this quickly growing New Expensify platform, and then we have this large but slowly declining legacy Classic customer base." Expensify also reported an acceleration in its Expensify Travel offering in the third quarter, with trips booked up 40 percent year over year and 13 percent compared with the second quarter. The company recently launched consolidated travel billing, allowing customers to pay for all business travel on a single invoice. Schaffer said the travel offering has made Expensify better able to compete with companies like Navan that offer consolidated travel and expense platforms. "We're very competitive in that space, and with our new consolidated travel billing...we've gotten very competitive on price as well," he said. "The travel product continues to improve, is getting more competitive and will continue to be even more competitive." Expensify's interchange revenue for its Expensify Card offering, across both New and Classic customers, increased 8 percent year over year to $5.8 million, Schaffer said. The company in July announced an expansion of its commercial card to 13 markets outside the U.S. The company reported a net loss of $3.3 million for the quarter, compared with a loss of $2.3 million in the third quarter of 2025.
Expensify (NASDAQ:EXFY) reported third-quarter 2026 revenue of $33 million and raised its full-year free cash flow forecast to $13.5 million to $15.5 million, up from $12 million to $14 million. Free cash flow for the quarter was $3.3 million, up 170% from a year earlier. Executives said growth on the newer New Expensify platform has yet to offset declines in the legacy Classic business. Annual recurring revenue from customers who signed up directly on New Expensify passed $13 million, up 212% year over year. The chief financial officer said new-customer growth could consistently exceed Classic attrition next year if trends hold. Expensify Card interchange revenue rose 8% to $5.8 million. Trips booked through Expensify Travel rose 40% year over year.
Expensify announces referral agreement with Visa to help companies simplify expense management. Expensify, Inc. 2 mins read Through the referral agreement, Visa can refer clients and corporate card programs to Expensify, giving businesses another option for receipt capture, spend controls, and automatic reconciliation. SAN FRANCISCO-BUSINESS WIRE- Expensify, Inc. (Nasdaq: EXFY), the easiest way to manage expenses, corporate cards, and travel, today announced it has entered into a referral agreement with Visa. Under the agreement, Visa can refer eligible clients and corporate card programs to Expensify as an expense management option for businesses seeking a simple, connected way to manage spend. The referral agreement is designed to give Visa clients another path to support business customers that need expense management capabilities alongside their existing corporate card programs. In bringing their own eligible Visa card to Expensify, customers can access: * Automatic transaction sync * AI-powered expense coding * Automatic receipt matching * Expense policy enforcement * Customizable spend limits * Automatic fast reconciliation * Best-in-class accounting and ERP integrations "Corporate cardholders shouldn't have to give up the points, perks, and banking relationships they've built just to get modern spend controls," said Nick Tooker, Head of Partnerships at Expensify. "Our pitch is simple: Link your Visa card to Expensify and you get world-class expense management without changing anything about how you pay." Referred Visa clients can engage directly with Expensify to access its expense management platform, onboarding resources, and support - helping businesses simplify receipt capture, manage expense policies, and reconcile corporate card activity. "Businesses are looking for simpler ways to manage expenses while continuing to use the card programs they already rely on," said Edward Galvin, VP of NA Visa Commercial Solutions. "This referral agreement with Expensify provides another strong option to help financial institutions and corporate card programs support clients looking to simplify expense management and gain greater visibility into business spend." About Expensify Expensify is the easiest way to do your expenses, travel, and corporate cards. Built for businesses of all sizes and trusted by 15 million members worldwide, Expensify is a top-rated app across G2, TrustRadius, Capterra, and more. Learn more at use.expensify.com. Contact details:
Expensify launches native integration with DualEntry, the ai-native ERP built for mid-market companies. Expensify, Inc. 2 mins read The new two-way integration syncs expenses, corporate card spend, and reimbursements directly into DualEntry SAN FRANCISCO-BUSINESS WIRE- Expensify, Inc. (Nasdaq: EXFY), the easiest way to manage expenses, travel, and corporate cards, today announced a direct integration with DualEntry, the AI-native ERP built for multi-entity, multi-currency finance teams. With the integration, businesses running DualEntry can connect Expensify in minutes for an automatic, two-way sync: * DualEntry's chart of accounts syncs into Expensify as categories, classifications as tags, and tax rates if available * Out-of-pocket expenses post back to DualEntry as vendor bills * Company card spend posts as direct expenses to the right accounts * Reimbursements and card transactions stay in sync automatically "Finance teams shouldn't spend their time exporting CSVs between the tools that run their business," said Nick Tooker, Head of Partnerships at Expensify. "DualEntry is exactly the kind of partner we build for: AI-native, moving fast, and serious about mutual customers." The partnership pairs two platforms built on the same conviction: that AI belongs in the back office. DualEntry brings AI-first accounting; Expensify brings AI-powered expense management used by more than 15 million people worldwide. Together they give growing companies an accounting stack that works the way modern teams do: real-time, automated, and multi-entity from day one. "Most teams can't close until the expense reports come in, and then someone has to re-key them," said Santiago Nestares, cofounder of DualEntry. "Now, those expenses land in DualEntry already coded to the right department and project. That's one less thing standing between our customers and a daily close." About Expensify Expensify is the easiest way to do your expenses, travel, and corporate cards. Built for businesses of all sizes and trusted by 15 million members worldwide, Expensify is a top-rated app across G2, TrustRadius, Capterra, and more. Learn more at use.expensify.com. About DualEntry DualEntry is the AI ERP built for modern finance teams. It brings your entire finance operation into one platform, including general ledger, AP, AR, revenue recognition, multi-entity consolidation, reporting, budgeting, and more, while AI automates the accounting work behind the scenes. With NextDay Migration, companies can move their full historical financial data from systems like NetSuite, QuickBooks, Sage, and SAP into DualEntry in just 24 hours, down to the transaction and attachment level. Teams can see their real data working in a live DualEntry sandbox before committing, with $0 implementation fees and an in-house, CPA-led implementation team. Once live, DualEntry automates workflows across reconciliations, journal entries, transaction categorization, consolidations, reporting, and month-end close. With 13,000+ connections and infrastructure built for multi-entity, multi-currency businesses, DualEntry gives growing companies the power of a full ERP without the cost, complexity, and months-long implementation of legacy systems. Contact details:
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Industries
Company Size
201-500
Company Stage
IPO
Headquarters
San Francisco, CA
Founded
2008
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