Short answer
Expensify, Inc. (EXFY) filed its Q1 2026 10-Q quarterly report on May 7, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $34M (down 5.8% year over year) with net income of −$2M.
Q1 2026 key financials · XBRL
- Revenue
- $34M
- −5.8% YoY
- Net income
- −$2M
- +26.3% YoY
- Operating margin
- -5.8%
- Gross margin
- 47.6%
- EPS (diluted)
- −$0.02
- +33.3% YoY
Source: XBRL data from the Expensify, Inc. (EXFY) Q1 2026 10-Q on SEC EDGAR. USD.
Expensify, Inc. Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $33.969M, down 6% YoY from $36.074M
- Gross margin 48% vs 51% YoY; net loss margin (7)% vs (9)%
- Subscription revenue $30.9M vs $33.2M; interchange revenue $5.5M vs $5.0M
- Headwinds: weaker billable activity, higher cashback payments, inflation, tariffs, and geopolitical uncertainty
Risk Factors
- New Nasdaq delisting risk triggered by April 17, 2026 deficiency letter for 30 consecutive days below $1.00 bid price
- Compliance deadline October 14, 2026, requiring at least $1.00 bid price for 10 consecutive business days
- Potential reverse stock split and transfer to Nasdaq Capital Market if initial 180-day cure period fails
- Delisting could reduce Class A share liquidity and further depress the stock price
- $41.0 million remaining under share-repurchase authorization, with no purchases during the quarter
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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