Expensify, Inc. (EXFY) Reports Q1 Adjusted Net Income of $7.29M

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Go back to Expensify, Inc. (EXFY) Reports Q1 Adjusted Net Income of $7.29M

Expensify Announces Q1 2022 Results

May 12, 2022 4:00 PM EDT

Free Plan membership grew 183% Q/Q to over 9,000 customers. The company generated positive cash flow of $11.2M with a 28% cash flow margin.

PORTLAND, Ore.--(BUSINESS WIRE)-- Expensify, Inc. (Nasdaq: EXFY), a payments superapp that helps individuals and businesses around the world simplify the way they manage money across expenses, corporate cards and bills, today announced results for its quarter ended March 31, 2022.

The biggest news coming out of Q1 was the growth of our Free Plan for SMBs. The plan grew to over 9,000 customers, which is an... More