Filing Flows › Expensify (EXFY) › Q2 2025
Expensify (EXFY) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 7, 2025
Expensify (EXFY) reported revenue of $35.8M for the second quarter 2025 (Q2 2025), +7% from a year earlier and -0.9% from the quarter before. Operating margin was -28.9%, net loss $8.8M (24.6% of revenue).
Expensify, Q2 2025: revenue $35.8M (+7% year over year), operating margin -28.9%, net loss $8.8M, operating cash flow $8.9M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $35.8M | -0.9% | +7% |
| Operating profit | −$10.3M | — | — |
| Net earnings | −$8.8M | — | — |
| Operating cash flow | $8.9M | +86% | -4% |
What changed
Revenue was $35.8M in Q2 2025, up 7% year over year and down 1% from the previous quarter.
Gross margin was 51.9%, down 4.9 points from a year earlier. Operating costs exceeded revenue by $10.3M, an operating margin of -28.9%. Operating expenses grew 55% against revenue growth of 7%. The fastest-growing cost line was Sales & marketing (+367%). The quarter ended with a net loss of $8.8M, wider than the previous quarter's $3.2M loss.
Operating cash flow was $8.9M (down 4% year over year). Non-cash charges added back $2.1M of depreciation and amortization and $6.9M of share-based compensation. Working capital and other items added $8.7M.
Questions
What was Expensify's revenue in the second quarter 2025?
Expensify (EXFY) reported revenue of $35.8M for the second quarter 2025 (Q2 2025), +7% from a year earlier and -0.9% from the quarter before.
Was Expensify profitable in the second quarter 2025?
Operating loss was $10.3M (-28.9% of revenue) and net loss $8.8M.
Source: Expensify 10-Q on SEC EDGAR.