NASDAQ$EXFY
Expensify Inc - A · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Expensify's Q2 2024 results were announced, showing growth in key areas despite a revenue decrease.
Expensify's Q2 2024 results revealed a stabilization of the core business with increasing cash flow, despite a 14% decrease in revenue compared to the same period last year. The new Expensify Card program is live with significant adoption, and the company is making progress on New Expensify, expected to add new revenue in Q3. The company generated $9.3 million in cash from operating activities and $5.7 million in free cash flow.
- Core business stabilized with increasing cash flow; revenue and paid users within 1% of last quarter.
- New Expensify Card program is live, with 34% of spend migrated, earning 20% more interchange.
- New Expensify is live and expected to add new revenue in Q3.
- Expensify Travel is live and expected to generate a new revenue stream in Q3.
Headline financials
Revenue & EPS history
Expensify · Revenue · Quarterly
$33.3M
Revenue by segment
Expensify · $2.3M total across 1 segment · Q1 2023
- Interchange$2.3M—100.0%
Forward guidance
Expensify estimates Free Cash Flow of $15.0 million to $16.0 million for the fiscal year ending December 31, 2024.
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 2024
-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
| Quarter | Report date | Reaction (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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