Expensify, Inc. (EXFY) Announces 1,285,336 Share Buyback

Expensify, Inc. (Nasdaq: EXFY), the financial management super app for expenses, travel, and corporate cards, today announced the company repurchased 1,285,336 shares of its Class A common stock. The purchases were made from May 15, 2025 to June 27, 2025, totaling approximately $3.0 million with an average purchase price of $2.33 per share.

In February 2025, the Expensify Board of Directors approved a new share repurchase program with authorization to purchase up to $50 million shares of its Class A common stock. The share repurchase program is designed to return value to shareholders by offsetting dilution from stock issuances and reducing share count over time. Expensify may repurchase shares from time to time through open market purchases, in privately negotiated transactions or by other means, including through the use of trading plans intended to qualify under Rule 10b5-1 under the Securities Exchange Act of 1934, as amended, in accordance with applicable securities laws and other restrictions. The timing and total amount of stock repurchases will depend upon business, economic and market conditions, corporate and regulatory requirements, prevailing stock prices, restrictions under the terms of our loan agreements and other considerations. This program terminates on March 31, 2028, may be suspended or discontinued at any time and does not obligate the company to acquire any amount of Class A common stock.

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