Filing Flows › Expensify (EXFY) › Q1 2026
Expensify (EXFY) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 7, 2026
Expensify (EXFY) reported revenue of $34.0M for the first quarter 2026 (Q1 2026), -6% from a year earlier and -3% from the quarter before. Operating margin was -5.8%, net loss $2.3M (6.9% of revenue).
Expensify, Q1 2026: revenue $34.0M (-6% year over year), operating margin -5.8%, net loss $2.3M, operating cash flow $118K. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $34.0M | -3% | -6% |
| Operating profit | −$2.0M | — | — |
| Net earnings | −$2.3M | — | — |
| Operating cash flow | $118K | -95% | -98% |
What changed
Revenue was $34.0M in Q1 2026, down 6% year over year and down 3% from the previous quarter.
Gross margin was 47.6%, down 3.0 points from Q1 2025. Operating costs exceeded revenue by $2.0M, an operating margin of -5.8%. Operating expenses fell 8% while revenue fell 6%. The quarter ended with a net loss of $2.3M, narrower than the previous quarter's $7.1M loss.
Operating cash flow was $118K (down 98% year over year). Non-cash charges added back $2.3M of depreciation and amortization and $6.0M of share-based compensation. Working capital and other items used $5.8M.
Questions
What was Expensify's revenue in the first quarter 2026?
Expensify (EXFY) reported revenue of $34.0M for the first quarter 2026 (Q1 2026), -6% from a year earlier and -3% from the quarter before.
Was Expensify profitable in the first quarter 2026?
Operating loss was $2.0M (-5.8% of revenue) and net loss $2.3M.
Source: Expensify 10-Q on SEC EDGAR.