EXFY at a glance
Expensify, Inc. (EXFY, SEC CIK 1476840) filed its latest 10-K annual report on February 26, 2026, a 10-Q quarterly report on August 6, 2026, an 8-K current report on August 6, 2026 and Form 4 insider filings as recently as July 7, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), Expensify, Inc. (EXFY) reported revenue of $142.1 million (up 2.1% from FY2024) and a net loss of $21.4 million. Diluted EPS was -$0.23.
- As of June 30, 2026, 22 institutional investment managers tracked by SignalX reported holding Expensify, Inc. (EXFY) shares worth $17.8 million in 13F-HR filings.
- The most recent insider open-market sale reported on Form 4 was by Alvarez Divo Carlos Eduardo on June 15, 2026 of 10,700 shares at $1.28 per share.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $142.1M
- +2.1% vs prior year
- Insiders · 90 days
- 0 buys · 0 sells
- No open-market trades
- 13F holders
- 22 funds
- $17.8M · −1 vs prior quarter
- Latest 8-K
- Aug 6, 2026
- Item 2.02 · Item 7.01
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Business Overview
- Core business: cloud-based, employee-focused expense management platform simplifying financial workflows for SMBs and enterprises globally
- New emphasis on expanding platform features beyond expense reports: bill payment, invoicing, and travel booking within one integrated app
- Strategic shift to drive viral, bottom-up adoption and monetize non-expense-reporting employees via complementary features
- Paid member count 650,000 across 39,700 companies in 200+ countries; platform processed 1.8 billion expense transactions as of Dec 31, 2025
- Expanded international growth focus, leveraging word-of-mouth adoption with plans for localized experiences and increased marketing investment
Risk Factors
- Regulatory risk from SEC enforcement and reporting compliance requirements impacting disclosure accuracy and timeliness
- Macroeconomic exposure to demand volatility across platform features affecting revenue and cash flow stability
- Operational risk in maintaining gross logo retention and net seat retention rates essential for revenue growth
- Competitive threat from emerging SaaS expense management platforms challenging user acquisition and retention
- Financial risk from significant quarter-to-quarter fluctuations in revenue, working capital, and cash flows impacting forecasting accuracy
Management Discussion & Analysis
- Revenue $142.1M, up 2% YoY from $139.2M in 2024, driven by increased interchange revenue from updated card program
- Gross margin 50% vs 54% in 2024, decreased due to higher cost of revenue ($70.6M, +10% YoY) and reduced legacy card program consideration
- Best segment: Interchange revenue $21.3M in 2025 vs $9.2M in 2024; worst: billable user activity decline including pay-per-use fees
- Operating expenses increased: Sales & Marketing $26.7M (+109%), G&A $42.1M (+10%), R&D decreased to $20.7M (-16%)
- Net loss widened to $21.4M vs $10.1M; net loss margin (15%) vs (7%) in 2024
- No explicit cash flow or capital allocation details disclosed in provided text
- Forward outlook risks: macroeconomic uncertainties, inflation, recession potential, and ongoing investments in product and market expansion
AI summary of the EXFY 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Management Discussion & Analysis
- Q2 revenue $33.866M, down 5% YoY from $35.764M, driven by lower billable activity and higher cashback contra revenue
- Gross margin 48% vs 52% YoY; net loss $3.851M vs $8.788M
- Expensify Card interchange revenue $5.9M vs $5.3M, while subscription revenue fell to $30.8M from $32.9M
- Cash $65.8M, no debt, and $7.5M letter of credit at June 30, 2026
- Six-month operating cash flow $8.551M vs $16.040M; management expects cash resources to fund operations for the next 12 months and foreseeable future
Risk Factors
- Newly triggered Nasdaq delisting risk: bid price below $1.00 for 30 consecutive business days
- Regulatory status: compliance restored May 28, 2026, but future failure could impair liquidity
- Capital-allocation risk: $25.0 million tender offer accepted 6,053,023 shares at $1.20 each
- Concentration risk: $39.8 million remained under the $50.0 million repurchase authorization at June 30, 2026
AI summary of the EXFY 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 2.02: Results of Operations and Financial Condition
- FY2026 and Q2 results ended June 30, 2026 announced August 6, 2026
- Detailed financial results and management commentary furnished in Exhibit 99.1
Item 7.01: Regulation FD Disclosure
- Expensify posted an investor presentation on August 6, 2026, signaling updated messaging for investors and analysts
- Presentation filed as Exhibit 99.2 and intended for investor communications, potentially including modified versions
Item EX-99.1: Item EX-99.1
- Q2 revenue fell 5% to $33.9M, while paid members declined 2% to 640,000, confirming ongoing Classic customer attrition
- New Expensify net-new customer revenue exceeded $10M ARR, growing over 250% year-over-year across 10,000+ customers
Item 8.01: Other Events
- Nasdaq deficiency resolved after Expensify’s Class A shares closed at or above $1.00 for 10 consecutive business days
- Prior noncompliance followed 30 consecutive business days below Nasdaq’s $1.00 minimum bid requirement
Item 5.07: Submission of Matters to a Vote of Security Holders
- All eight director nominees elected through the 2027 annual meeting, with 33,914,885 broker non-votes
- KPMG LLP appointment ratified for fiscal year ending December 31, 2026, with 507,688,387 votes for
AI summaries of EXFY 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for EXFY
Don't miss the next EXFY filing
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| Liu Ying | A | Jul 5, 2026 | 3,731 | - |
| Schaffer Ryan | A | Jun 23, 2026 | 1,164,596 | - |
| Vidal Daniel | A | Jun 23, 2026 | 1,160,447 | - |
| Barrett David Michael | A | Jun 23, 2026 | 63,694 | - |
| Barrett David Michael | A | Jun 23, 2026 | 2,031,280 | - |
| Barrett David Michael | A | Jun 23, 2026 | 2,094,974 | - |
| Mills Jason Fahr | A | Jun 23, 2026 | 1,160,447 | - |
| Alvarez Divo Carlos Eduardo | Sell | Jun 15, 2026 | 10,700 | $1.28 |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | - | $139.2M | $142.1M |
| Gross Profit | - | $75.0M | $71.5M |
| Operating Income | - | -$820K | -$18.0M |
| Net Income | - | -$10.1M | -$21.4M |
| Gross Margin | - | 53.9% | 50.3% |
| Op. Margin | - | -0.6% | -12.7% |
| Net Margin | - | -7.2% | -15.1% |
| Balance Sheet | |||
| Total Assets | $176.8M | $173.7M | $186.0M |
| Equity | - | $128.2M | $132.7M |
| ROE | - | -7.8% | -16.1% |
| Per Share | |||
| EPS | - | $-0.12 | $-0.23 |
| Cash Flow | |||
| Operating CF | - | $23.9M | $20.1M |
| CapEx | $1.4M | $0 | $17K |
Source: XBRL data in Expensify, Inc. (EXFY)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate EXFY share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 22 | $17.8M |
| Q1 2026 | 23 | $12.0M |
| Q4 2025 | 22 | $24.1M |
| Q3 2025 | 23 | $30.6M |
| Q2 2025 | 20 | $45.3M |
| Q1 2025 | 17 | $42.0M |
| Q4 2024 | 14 | $38.7M |
| Q3 2024 | 12 | $19.8M |
- AQR Capital Management+1.26M (+152%)
- Two Sigma Investments+142.8K (+39%)
- Morgan Stanley+62.9K (+23%)
- Vanguard Capital Management LLC+53.5K (+2%)
- Bank of America Corp+39.1K (+80%)
- BlackRock−2.89M (-72%)
- Vanguard Portfolio Management LLC−801.1K (-41%)
- State Street Corp−479.9K (-66%)
- Northern Trust−267.7K (-64%)
- Goldman Sachs Group−136.9K (-46%)
- Millennium Management+508.0K
- Citadel Advisors LLC+173.6K
- StoneX Group Inc.+25.5K
- D.E. Shaw & Co−1.32M
- Invesco Ltd−43.6K
- T. Rowe Price Group−30.1K
- Ameriprise Financial−16.7K
Source: 13F-HR filings on SEC EDGAR (aggregated from 153 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
EXFY filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 8-K | Aug 6, 2026 | - | Analysis | - |
| 10-Q | Aug 6, 2026 | Jun 30, 2026 | Analysis | |
| 4 | Jul 7, 2026 | - | - | - |
| 4 | Jul 7, 2026 | - | - | - |
| 4 | Jul 7, 2026 | - | - | - |
| 4 | Jul 7, 2026 | - | - | - |
| 4 | Jun 26, 2026 | - | - | - |
| 4 | Jun 25, 2026 | - | - | - |
| 4 | Jun 25, 2026 | - | - | - |
| 4 | Jun 25, 2026 | - | - | - |
| 4 | Jun 25, 2026 | - | - | - |
| 4 | Jun 16, 2026 | - | - | - |
| 4 | Jun 11, 2026 | - | - | - |
| 4 | Jun 11, 2026 | - | - | - |
| 4 | Jun 11, 2026 | - | - | - |
| 4 | Jun 11, 2026 | - | - | - |
| 4 | Jun 11, 2026 | - | - | - |
| 4 | Jun 11, 2026 | - | - | - |
| 4 | Jun 2, 2026 | - | - | |
| 8-K | May 29, 2026 | - | Analysis | |
| 4 | May 28, 2026 | - | - | |
| 8-K | May 27, 2026 | - | Analysis | |
| 8-K | May 13, 2026 | - | Analysis | |
| 4 | May 11, 2026 | - | - | |
| 4 | May 11, 2026 | - | - |
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EXFY SEC filings: frequently asked questions
Which institutions hold EXFY stock?
As of June 30, 2026, the largest Expensify, Inc. (EXFY) holders among the 13F filers tracked by SignalX were Vanguard Capital Management LLC ($4.2 million), AQR Capital Management ($3.7 million), Vanguard Portfolio Management LLC ($2.1 million), BlackRock ($2.0 million), Renaissance Technologies LLC ($1.3 million). 13F-HR reports are filed up to 45 days after each quarter ends.
What was EXFY's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), Expensify, Inc. (EXFY) reported revenue of $142.1 million (up 2.1% from FY2024) and a net loss of $21.4 million. Diluted EPS was -$0.23. The figures come from the XBRL data in the 10-K.
What are the main risks in EXFY's latest 10-K?
In the 10-K filed February 26, 2026, Expensify, Inc. (EXFY) flagged: Regulatory risk from SEC enforcement and reporting compliance requirements impacting disclosure accuracy and timeliness. Macroeconomic exposure to demand volatility across platform features affecting revenue and cash flow stability. (AI summary of the Risk Factors section.)
What did EXFY report in its latest 8-K?
Expensify, Inc. (EXFY) filed an 8-K on August 6, 2026 reporting Item 2.02 (Results of Operations and Financial Condition) and Item 7.01 (Regulation FD Disclosure). FY2026 and Q2 results ended June 30, 2026 announced August 6, 2026.
What are the latest EXFY SEC filings?
Expensify, Inc. (EXFY) filed its latest 10-K annual report on February 26, 2026, a 10-Q quarterly report on August 6, 2026, an 8-K current report on August 6, 2026 and a Form 4 insider filing on July 7, 2026.
What is EXFY's SEC CIK number?
Expensify, Inc. (EXFY)'s SEC Central Index Key (CIK) is 1476840. EDGAR lists every EXFY filing under that number.
Ask anything about EXFY
The research agent reads EXFY's filings, financials, insider trades and 13F holders, then answers with sources.