Short answer
Expensify, Inc. (EXFY) filed its Q2 2026 10-Q quarterly report on Aug 6, 2026 for the quarter ended Jun 30, 2026. Quarterly revenue was $34M (down 5.3% year over year) with net income of −$4M.
Q2 2026 key financials · XBRL
- Revenue
- $34M
- −5.3% YoY · −0.3% QoQ
- Net income
- −$4M
- +56.2% YoY · −64.8% QoQ
- Operating margin
- -8.6%
- Gross margin
- 48.2%
- EPS (diluted)
- −$0.05
- +50.0% YoY · −150.0% QoQ
Source: XBRL data from the Expensify, Inc. (EXFY) Q2 2026 10-Q on SEC EDGAR. USD.
Expensify, Inc. Q2 2026 10-Q analysis
AI summary of MD&A and risk factor updates
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
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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