Filing Flows › Expensify (EXFY) › Q2 2026
Expensify (EXFY) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 6, 2026
Expensify (EXFY) reported revenue of $33.9M for the second quarter 2026 (Q2 2026), -5% from a year earlier and -0.3% from the quarter before. Operating margin was -8.6%, net loss $3.9M (11.4% of revenue).
Expensify, Q2 2026: revenue $33.9M (-5% year over year), operating margin -8.6%, net loss $3.9M, operating cash flow $8.4M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $33.9M | -0.3% | -5% |
| Operating profit | −$2.9M | — | — |
| Net earnings | −$3.9M | — | — |
| Operating cash flow | $8.4M | 71× | +3% |
| Free cash flow | $6.4M | — | — |
What changed
Revenue was $33.9M in Q2 2026, down 5% year over year and roughly flat from the previous quarter.
Gross margin was 48.2%, down 3.7 points from Q2 2025. Operating costs exceeded revenue by $2.9M, an operating margin of -8.6%. Operating expenses fell 33% while revenue fell 5%. The quarter ended with a net loss of $3.9M, wider than the previous quarter's $2.3M loss.
Operating cash flow was $8.4M (up 3% year over year). Non-cash charges added back $2.3M of depreciation and amortization and $7.2M of share-based compensation. Working capital and other items added $2.7M. After settlement assets, net ($908K) and software development costs ($1.1M), free cash flow as the company reports it was $6.4M.
Questions
What was Expensify's revenue in the second quarter 2026?
Expensify (EXFY) reported revenue of $33.9M for the second quarter 2026 (Q2 2026), -5% from a year earlier and -0.3% from the quarter before.
Was Expensify profitable in the second quarter 2026?
Operating loss was $2.9M (-8.6% of revenue) and net loss $3.9M.
Source: Expensify 10-Q on SEC EDGAR.