)
Visual
earnings real time
Expensify (EXFY) investor relations material
Expensify Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary6 Nov, 2025
Executive summary
Q3 2025 revenue was $35.1 million, down 1% year-over-year, with average paid members at 642,000 and total interchange of $5.4 million.
Net loss for Q3 2025 was $2.3 million, but non-GAAP net income was $4.3 million and adjusted EBITDA was $6.5 million.
Free cash flow for Q3 was $1.2 million, down 82% year-over-year, mainly due to working capital timing and seasonal annual payments.
Paid members declined 6% year-over-year to 642,000 in Q3, but increased to 653,000 in October, showing positive Q4 momentum.
Expensify Travel bookings grew 36% quarter-over-quarter and 95% since Q1, with Brooklyn Nets added as a marquee customer.
Financial highlights
Q3 2025 revenue: $35.1 million; total interchange: $5.4 million; gross margin: 50%, down from 52% last year.
Net loss: $2.3 million; non-GAAP net income: $4.3 million; adjusted EBITDA: $6.5 million (19% margin).
Free cash flow: $1.2 million for Q3; $16.6 million for the nine months ended September 30, 2025.
Cash and cash equivalents as of September 30, 2025 were $61.5 million, with no outstanding debt.
Share repurchases totaled $3.0 million for over 1.5 million shares, with $44.0 million remaining authorized.
Outlook and guidance
Fiscal year 2025 free cash flow guidance reaffirmed at $19 million–$23 million.
Estimated stock-based compensation for the next four quarters projected between $4.9 million and $7.4 million per quarter.
Management expects existing cash resources to be sufficient for continued operations and growth for at least the next 12 months.
What drives the FY25 FCF guidance?
Reconcile member decline with travel booking growth
How will Concierge AI impact future growth?
Control customer migration timeline to New Expensify
Expensify AI's unique competitive advantages
Sustain Expensify Travel's growth trajectory
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next Expensify earnings date
Q4 202527 Feb, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
Related articles
)
)
Frequently asked questions
Expensify Inc offers cloud-based expense management software for individuals and businesses. Its platform automates expense reporting, receipt scanning, invoicing, and corporate card management services. The company is headquartered in Portland, Oregon, and its shares are listed on the NASDAQ.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage