NASDAQ$EXFY

Expensify Inc - A · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Expensify reported its strongest quarter for paid member growth, with year-over-year interchange growth from the Expensify Card of 142% and positive operating cash flow of $27.2 million.

Expensify's Q2 2022 results showed a 22% increase in revenue compared to the same period last year, driven by subscription revenue and Expensify Card interchange. The company experienced positive operating cash flows of $27.2 million and an increase in paid members.

  • Revenue increased by 22% compared to the same period last year, reaching $43.2 million.
  • Interchange from the Expensify Card grew by 142% year-over-year, with a 40% sequential quarterly growth.
  • The company saw positive operating cash flows of $27.2 million.
  • Paid member count has fully rebounded and currently exceeds pre-pandemic levels, reaching 754,000.

Headline financials

Total Revenue

$43.2M

Previous: $35.3M+22.3%
EPS (adj)

$0.08

Previous: $0.01+700.0%
Adjusted EBITDA Margin

27.0%

No prior period
Paid Members

754.0K

Previous: 706.0K+6.8%
Capital Expenditures

-$267K

Previous: $1.66M-116.1%
Free Cash Flow

-$8.26M

Previous: $12.6M-165.3%
Net Income

-$7.99M

Previous: $1.93M-515.3%
Operating Income

-$3.97M

Previous: $7.5M-153.0%
Gross Profit

$27.3M

Previous: $27.4M-0.3%
Cash & Equivalents

$106M

Previous: $45.4M+132.3%
Total Assets

$215M

No prior period
Stock-Based Comp

$13.8M

Previous: $888K+1449.7%

Revenue & EPS history

Expensify · Revenue · Quarterly

$43.2M

Q2 2022+22.3%vs Q2 2021
Beat estimate in 5 of 13 quarters(38%)
ActualEstimate

Revenue by segment

Expensify · $2.3M total across 1 segment · Q1 2023

  • Interchange
    $2.3M

Forward guidance

Expensify reaffirms its long-term guidance of 25-35% revenue growth over a multi-year period. Stock-based compensation is estimated for the rest of the fiscal year.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2022

Historical avgQ2 2022

-1.7%

Avg return

Earnings day

-0.3%

Avg return

5 days after

-6.7%

Avg return

30 days after

36%

8 / 22 earnings

Positive

+44.5%

Q1 2022

Best reaction

-34.6%

Q3 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.9%-12.7%+4.5%
Q4 2025-23.4%-17.7%-34.6%
Q3 2025-12.3%-10.8%+1.9%
Q1 2025-22.6%-23.9%-23.9%
Q4 2024+20.5%+15.5%-3.4%
Q3 2024+27.6%+47.9%+91.7%
Q2 2024+39.1%+49.0%+48.3%
Q1 2024-1.1%-2.8%-19.0%
Q4 2023+18.6%+39.1%+17.3%
Q3 2023-34.6%-25.0%-11.8%
Q2 2023-27.3%-22.5%-29.4%
Q1 2023-20.5%-21.1%-3.8%
Q4 2022+2.8%-6.2%-15.7%
Q3 2022-12.0%-13.5%-25.2%
Q2 2021-6.0%-9.2%-28.1%
Q2 2022-8.8%-3.8%-25.7%
Q1 2021-7.9%-4.3%-14.8%
Q1 2022+44.5%+33.1%+35.7%
Q4 2021-11.0%-1.6%-23.8%
Q3 2020+2.6%-4.4%-33.1%
Q4 2020+2.6%-4.4%-33.1%
Q3 2021-8.0%-7.0%-22.0%
Q2 2020
Q1 2020

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