Overview

* Expensify ( EXFY ) Q3 revenue fell 1% yr/yr, missing analyst expectations

* Interchange revenue from Expensify Card grew 18% yr/yr

* Company repurchased 1.58 mln shares, totaling $3.0 mln

Outlook

* Expensify ( EXFY ) estimates FY25 free cash flow between $19.0 mln and $23.0 mln

Result Drivers

* INTERCHANGE REVENUE - Expensify Card interchange revenue grew 18% yr/yr, contributing positively to financial results

* TRAVEL BOOKINGS - Expensify Travel saw a 36% increase in quarterly travel bookings, with a 95% increase since Q1

* CONCIERGE AI LAUNCH - Launch of upgraded Concierge AI expected to improve customer experience and operational efficiency

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Miss $35.07 $35.80

Revenue mln mln (4

Analysts

)

Q3 EPS -$0.03

Q3 Net -$2.32

Income mln

Q3 -$2.26

Income mln

from

Operatio

ns

Q3 $19.66

Operatin mln

g

Expenses

Q3 -$2.16

Pretax mln

Profit

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the software peer group is "buy"

* Wall Street's median 12-month price target for Expensify Inc ( EXFY ) is $2.50, about 35.2% above its November 5 closing price of $1.62

* The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 8 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)