UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________________________________ ___________________________________ Title of each class Trading Symbol(s) Name of each exchange on which registered Class A Common Stock, par value $0.0001 per share EXFY The Nasdaq Stock Market LLC FORM 10-Q ___________________________________ (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 OR o TRA ...

Expensify, Inc. (NASDAQ:EXFY) Q3 2022 Earnings Conference Call November 10, 2022 5:00 PM ET Company Participants David Barrett - Founder, President & Chief Executive Officer Anuradha Muralidharan - Chief Operating Officer Ryan Schaffer - Chief Financial Officer Conference Call Participants Koji Ikeda - Bank of America Brent Bracelin - Piper Sandler Daniel Jester - BMO David Barrett Welcome to the Q3 2022 Earnings Call for Expensify. We’re excited here, we have our new Chief Operating Officer, Ryan, Chief Fi ...

Expensify, Inc. (NASDAQ:EXFY) Q2 2022 Earnings Conference Call August 11, 2022 5:00 PM ET Company Participants David Barrett - Founder, President & Chief Executive Officer Anuradha Muralidharan - Chief Operating Officer Ryan Schaffer - Chief Financial Officer Conference Call Participants Daniel Jester - BMO Capital Markets Koji Ikeda - Bank of America Patrick Walravens - JMP Securities David Barrett Well, hello, everyone. Welcome to the Q2 2022 Earnings Call for Expensify. We’re very excited to be here, bro ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________________________________ ___________________________________ Title of each class Trading Symbol(s) Name of each exchange on which registered Class A Common Stock, par value $0.0001 per share EXFY The Nasdaq Stock Market LLC FORM 10-Q ___________________________________ (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 OR o TRANSITI ...

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Membership and Revenue Growth - As of March 31, 2022, Expensify had 706,000 paid members, an increase of 11.5% from 633,000 paid members in the same quarter of 2021[128] - Revenue for the three months ended March 31, 2022, was $40.37 million, an increase of $10.65 million or 36% compared to $29.72 million in the same period in 2021[156] - The Expensify Interchange Amount increased to $1,220,000 in the three months ended March 31, 2022, from $488,000 in the same period of 2021[141] Financial Performance - Adjusted EBITDA for the three months ended March 31, 2022, was $10,992,000, with an adjusted EBITDA margin of 27%, down from $13,422,000 and 45% in the same quarter of 2021[131] - Non-GAAP net income for the three months ended March 31, 2022, was $7,291,000, representing a margin of 18%, compared to $8,753,000 and 29% in the same quarter of 2021[133] - Gross margin decreased to 64% for the three months ended March 31, 2022, down from 74% in the same period in 2021[158] Expenses - Cost of revenue, net increased by $6.5 million or 85% to $14.13 million for the three months ended March 31, 2022, primarily due to stock-based compensation costs of $4.9 million[157] - Research and development expenses rose by $2.6 million or 237% to $3.7 million for the three months ended March 31, 2022, mainly due to stock-based compensation costs of $2.7 million[159] - Sales and marketing expenses increased by $10.3 million or 335% to $13.37 million for the three months ended March 31, 2022, driven by higher advertising spend and stock-based compensation costs of $2.1 million[161] - General and administrative expenses grew by $7.6 million or 120% to $14.01 million for the three months ended March 31, 2022, largely due to increased compensation and stock-based compensation costs of $5.0 million[162] Net Loss and Earnings Per Share - Net loss attributable to Class A, LT10, and LT50 common stockholders was $(7.38) million for the three months ended March 31, 2022, compared to a net income of $2.50 million in the same period in 2021[154] - Basic and diluted net loss per share attributable to Class A, LT10, and LT50 common stockholders was $(0.09) for the three months ended March 31, 2022, compared to $0.08 and $0.06 in the same period in 2021[154] Cash Flow and Capital Resources - Cash provided by operating activities increased to $11.2 million for the three months ended March 31, 2022, up from $9.9 million in the same period in 2021[169] - Cash used in investing activities decreased to $0.7 million for the three months ended March 31, 2022, compared to $0.953 million in the same period in 2021[173] - Cash provided by financing activities was $0.2 million for the three months ended March 31, 2022, an increase from a cash outflow of $1.083 million in the same period in 2021[175] - As of March 31, 2022, the company had $101.1 million in cash and cash equivalents and $67.7 million in outstanding indebtedness[167] Tax and Compliance - The provision for income taxes was $1.6 million for the three months ended March 31, 2022, a decrease of 41% from $2.8 million in the same period in 2021[165] - The effective income tax rate for the three months ended March 31, 2022, was (28.4)%, compared to 25.6% in 2021, primarily due to changes in valuation allowance[166] - The company is in compliance with all debt covenants as of March 31, 2022[184] Market and Economic Factors - The impact of COVID-19 has led to a temporary decline in business travel, affecting expense-related activities on the platform[120] - Inflation has not materially affected the company's operations, but significant inflationary pressures could harm financial condition[216] Stock and Valuation - The company determined the fair value of its common stock prior to the IPO by considering independent third-party valuations and expected price ranges from bankers[198] - The enterprise value was estimated using the income approach and market approach, focusing on future cash flows and comparisons with peer companies[200][201] - Stock-based compensation is accounted for under GAAP, with expenses recognized over the service period of the awards[204] Risk Factors - Interest rate risk is present due to borrowings, but a 10% change in interest rates would not materially affect financial statements[214] - A hypothetical 10% change in the U.S. dollar's value relative to foreign currencies is not expected to materially impact cash flows[213]

Expensify, Inc. (NASDAQ:EXFY) Q1 2022 Earnings Conference Call May 12, 2022 5:00 PM ET Company Participants David Barrett – Founder and Chief Executive Officer Anuradha Muralidharan – Chief Operating Officer Ryan Schaffer – Chief Financial Officer Conference Call Participants Brent Bracelin – Piper Sandler Koji Ikeda – Bank of America Tyler Radke – Citi Daniel Jester – BMO David Barrett Hello everyone. Welcome, welcome, welcome to the Q1 2022 earnings call for Expensify. I’m David Barrett, Founder and Chief ...

Expensify | --- | --- | --- | --- | --- | |-------|-------|--------------|----------------------------------------------------|-------| | | | | | | | | | Q4 & FY 2021 | CORPORATE CARDS. REIMBURSEMENTS. RECEIPT SCANNING. | | | | | Earnings | ONE APP, ALL FREE. | | (E) March 30th, 2022 Disclaimer All information included in this presentation is unaudited. FORWARD-LOOKING STATEMENTS Forward-looking statements in this presentation, which are not historical facts, are forward-looking statements within the meanin ...

Expensify, Inc. (NASDAQ:EXFY) Q4 2021 Earnings Conference Call March 30, 2022 5:00 PM ET Company Participants David Barrett - Chief Executive Officer Anuradha Muralidharan - Chief Operating Officer Ryan Schaffer - Chief Financial Officer Conference Call Participants Sterling Auty - J.P. Morgan Tamika Sykes - Bank of America Tyler Radke - Citi Brent Bracelin - Piper Pat Walravens - JMP David Barrett All right, everyone. We’re very excited to have you here for the next Quarterly. I was going to say all hands. ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 EXPENSIFY, INC. (Exact name of registrant as specified in its charter) FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For transition period from to Commission File Number 001-41043 Delaware 27-0239450 (State or other jurisdiction of incorporation or or ...