NASDAQ$EXFY

Expensify Inc - A · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Expensify reported strong positive operating cash flow and revenue increase.

Expensify announced its Q4 and full year fiscal 2022 results, demonstrating strong positive operating cash flow of $32.9 million on $169.5 million in revenue, a 19% increase compared to the same period last year. The company had a net loss of $3.4 million for the quarter, but a non-GAAP net income of $7.1 million.

  • Revenue was $43.5 million.
  • Generated $6.6 million cash provided by operating activities and $6.0 million of free cash flow.
  • Net loss was $3.4 million, compared to $21.9 million for the same period last year.
  • Interchange derived from the Expensify Card grew to $2.0 million, an increase of 91% compared to the same period last year.

Headline financials

Total Revenue

$43.5M

Previous: $40.4M+7.7%
EPS (adj)

$0.09

Previous: $0.16-43.8%
Paid Members

779.0K

Previous: 708.2K+10.0%
Capital Expenditures

$118K

Previous: $104K+13.5%
Free Cash Flow

$6M

Previous: -$29.2M+120.5%
Net Income

-$3.4M

Previous: -$21.9M+84.5%
Operating Income

-$700K

Previous: -$20.4M+96.6%
Gross Profit

$27.4M

Previous: $20.4M+33.9%
Cash & Equivalents

$104M

Previous: $98.4M+5.5%
Total Assets

$210M

Previous: $183M+14.8%
Stock-Based Comp

$10.5M

Previous: $12.1M-12.7%

Revenue & EPS history

Expensify · Revenue · Quarterly

$43.5M

Q4 2022+7.7%vs Q4 2021
Beat estimate in 5 of 13 quarters(38%)
ActualEstimate

Revenue by segment

Expensify · $2M total across 1 segment · Q4 2022

  • Interchange
    $2M+1810.0%

Forward guidance

Expensify reaffirms its long term guidance provided in connection with its fourth quarter 2021 results of 25-35% revenue growth over a multi-year period, which assumes an eventual return to normalcy of the world economy.

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 Q4 2022

Historical avgQ4 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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