Expensify Reports Q3 2026 Results with Growth in New Platform and Raised Cash Flow Guidance
Expensify (EXFY) reported third-quarter revenue of $33.0 million, a 6% year-over-year decrease driven by attrition in its legacy customer segment. Despite the top-line decline, the company's 'New Expensify' platform showed significant momentum, with Annual Recurring Revenue (ARR) exceeding $13 million, representing a 212% increase compared to the previous year. The company demonstrated strong operational efficiency and improved cash generation, reporting free cash flow of $3.3 million—a 170% increase year-over-year. Consequently, management raised its full-year 2026 free cash flow guidance to a range of $13.5 million to $15.5 million. While GAAP net loss widened slightly, non-GAAP net income reached $3.1 million, supported by an 18% Adjusted EBITDA margin.
Topics: ARR Growth Free Cash Flow Guidance Net Income Revenue