Latest news with #Expensify
Engadget
12-05-2025
- Entertainment
- Engadget
The new F1 trailer has star power, fast cars and product placement
The high-octane racing film F1 hits theaters this June and there's a brand-new trailer to prove it . The new footage shows more of the story and gives a deeper dive into Brad Pitt's main character. There's still gobs of actual Formula 1 racing, as the movie has received extensive involvement from the organization . It looks fast, frenetic and fun . There's also plenty of product placement during these scenes, which may be annoying to some but could add to the realism for others. In addition to F1 sponsors you'd see during a real race, we spotted logos for Shark/Ninja and Expensify on the fictional team that features in the film. To view this content, you'll need to update your privacy settings. Please click here and view the "Content and social-media partners" setting to do so. Brad Pitt is the primary star here, but the film also features Damson Idris, Javier Bardem, Kerry Condon, Tobias Menzies and Kim Bodnia. F1 is directed by Joseph Kosinski, who helmed the box office monster Top Gun: Maverick . He also made Tron: Legacy , though has no involvement with the upcoming Tron: Ares . Ehren Kruger wrote the screenplay, who penned the aforementioned Top Gun sequel. The legendary Hans Zimmer created the score. This is certainly a high-end production. Formula 1 has been growing in popularity these past few years, with a surge in filmmaking about this type of racing. Netflix released a documentary series about the organization called Formula 1: Drive to Survive, which is credited in growing the sport's audience away from Europe.
National Post
08-05-2025
- Business
- National Post
Expensify Announces Q1 2025 Results
Article content Total interchange derived from the Expensify Card grew to $5.1 million, an increase of 43% as compared to the same period last year. Article content Article content PORTLAND, Ore. — Expensify, Inc. (Nasdaq: EXFY), a payments superapp that helps individuals and businesses around the world simplify the way they manage money across expenses, corporate cards and bills, today released a letter to shareholders from Founder and CEO David Barrett alongside results for its quarter ended March 31, 2025. Article content A Message From Our Founder Article content Q1'25 was another strong quarter. Though seasonally affected as expected, on an annual basis this quarter saw an 8% increase in revenue, 43% increase in interchange, 38% increase in cash from operating activities and 75% increase in free cash flow from the same quarter last year. In fact, this quarter produced $4.8 million of cash from operating activities and $9.1 million in FCF – over 50% of the bottom end of our FCF forecast for the entire year. As such we are increasing our full year 2025 FCF guidance to $17.0 million – $21.0 million. Article content On top of that strong performance was a 166% increase in quarterly travel bookings, which is now fully launched to all customers and seeing strong pickup from customers new and old. Indeed, though still very early days, we're seeing companies adopt travel at over twice the rate they adopted the Expensify Card at launch. Article content Our main effort for Q1'25 was in preparing for the upcoming F1 premier on June 25th, in which Expensify is the top sponsor of Brad Pitt's F1 team. This is Apple's largest movie launch to date, and we are extremely excited for the visibility we will get in the movie and lead up advertising: this gives us incredible exposure on a global basis, and we believe it is possibly one of the best brand placement opportunities ever. Accordingly, we are battening down the hatches in preparation for what we hope will be a wave of new leads that puts our servers, sales team, and customer success to the test. Article content Finally, we are executing on the Concierge AI plan held out last quarter, adding the ability to not just resolve basic violations using natural language chat (via email or SMS, without even needing to open the app), but also giving Concierge actual voice with a 'Talk to Concierge' button that lets you speak directly to the AI out loud. Article content All in all, it was another solid quarter relative to last year, despite a challenging backdrop. We couldn't be more excited for what's coming next. See you in theaters June 25th! Article content -david Article content Revenue was $36.1 million, an increase of 8% compared to the same period last year. Generated $4.8 million of cash from operating activities. Free cash flow was $9.1 million. Net loss was $3.2 million, compared to $3.8 million for the same period last year. Non-GAAP net income was $4.8 million. Adjusted EBITDA was $8.4 million. Total interchange derived from the Expensify Card grew to $5.1 million, an increase of 43% compared to the same period last year. See Financial Outlook section for Free Cash Flow guidance for fiscal year ending December 31, 2025. Article content Business: Article content Paid members – Paid members were 657,000, a decrease of 5% from the same period last year. Expensify Travel – Expensify travel saw a 166% Q/Q increase in quarterly travel bookings. Pricing – The company announced an update to its Collect plan pricing: a simple, transparent flat rate of $5 per member per month. Article content Expensify's outlook statements are based on current estimates, expectations and assumptions and are not a guarantee of future performance. The following statements are forward-looking and actual results could differ materially depending on market conditions and the factors set forth under 'Forward-Looking Statements' below. There can be no assurance that the Company will achieve the results expressed by this guidance. Article content Free Cash Flow Article content Expensify estimates Free Cash Flow of $17.0 million to $21.0 million for the fiscal year ending December 31, 2025. Article content The Company does not provide a reconciliation for free cash flow estimates on a forward-looking basis because it is unable, without making unreasonable efforts, to provide a meaningful or reasonably accurate calculation or estimation of net cash provided by operating activities and certain reconciling items on a forward-looking basis, which could be significant to the Company's results. Article content An estimate of expected stock-based compensation expense for the next four fiscal quarters is as follows, which is driven primarily by the pre-IPO grant of RSUs issued to all employees (which vest quarterly over eight years with approximately four years remaining). Article content Investors and others should note that Expensify routinely announces material information to investors and the marketplace using SEC filings, press releases, public conference calls, webcasts and the Expensify Investor Relations website at While not all of the information that the Company posts to its Investor Relations website is of a material nature, some information could be deemed to be material. Accordingly, the Company encourages investors, the media and others interested in Expensify to review the information that it shares on its Investor Relations website. Article content Conference Call Article content Expensify will host a video call to discuss the financial results and business highlights at 2:00 p.m. Pacific Time today. An investor presentation and the video call information is available on Expensify's Investor Relations website at A replay of the call will be available on the site for three months. Article content In addition to financial measures prepared in accordance with U.S. generally accepted accounting principles ('GAAP'), we provide certain non-GAAP financial measures, including adjusted EBITDA, non-GAAP net loss, and free cash flow. Article content We believe our non-GAAP financial measures are useful in evaluating our business, measuring our performance, identifying trends affecting our business, formulating business plans and making strategic decisions. Accordingly, we believe that these non-GAAP financial measures provide useful information to investors and others in understanding and evaluating our results of operations in the same manner as our management team. These non-GAAP financial measures are presented for supplemental informational purposes only, should not be considered a substitute for financial information presented in accordance with GAAP, and may be different from similarly titled metrics or measures presented by other companies. Non-GAAP financial measures have limitations as analytical tools and should not be considered in isolation or as substitutes for financial information presented under GAAP. There are a number of limitations related to the use of non-GAAP financial measures versus comparable financial measures determined under GAAP. For example, other companies in our industry may calculate these non-GAAP financial measures differently or may use other measures to evaluate their performance. All of these limitations could reduce the usefulness of these non-GAAP financial measures as analytical tools. Investors are encouraged to review the related GAAP financial measures and the reconciliations of these non-GAAP financial measures to their most directly comparable GAAP financial measures and to not rely on any single financial measure to evaluate our business. A reconciliation of each non-GAAP financial measure to the most directly comparable financial measure stated in accordance with GAAP is at the end of this press release. Article content Adjusted EBITDA. We define adjusted EBITDA as net loss excluding provision for income taxes, other income (expenses), net, depreciation and amortization, and stock-based compensation expense. Article content Non-GAAP net income. We define non-GAAP net income as net loss excluding stock-based compensation expense. Article content Free cash flow. We define free cash flow as net cash provided by operating activities excluding changes in settlement assets and settlement liabilities, which represent funds held for customers and customer funds in transit, respectively, reduced by the purchases of property and equipment and software development costs. Article content The tables at the end of the Condensed Consolidated Financial Statements provide reconciliations to the most directly comparable GAAP financial measure to each of these non-GAAP financial measures. Article content Forward-Looking Statements Article content Forward-looking statements in this press release, or made during the earnings call, which are not historical facts, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1955. These statements include statements regarding our strategy, future financial condition, future operations, future cash flow, projected costs, prospects, plans, objectives of management and expected market growth, product developments and their potential impact and our stock-based compensation estimates and involve known and unknown risks that are difficult to predict. As a result, our actual results, performance or achievements may differ materially from those expressed or implied by these forward-looking statements. In some cases, you can identify forward-looking statements because they contain words such as 'may,' 'will,' 'shall,' 'should,' 'expects,' 'plans,' 'anticipates,' 'could,' 'intends,' 'target,' 'projects,' 'contemplates,' 'believes,' 'estimates,' 'predicts,' 'potential,' 'goal,' 'ambition,' 'objective,' 'seeks,' 'outlook,' or 'continue' or the negative of these words or other similar terms or expressions that concern our expectations, strategy, plans, or intentions. Such forward-looking statements are necessarily based upon estimates and assumptions that, while considered reasonable by us and our management, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: the impact on inflation on us and our members; our borrowing costs, which have and may continue to increase as a result of increases in interest rates; our expectations regarding our financial performance and future operating performance; our ability to attract and retain members, expand usage of our platform, sell subscriptions to our platform and convert individuals and organizations into paying customers; the timing and success of new features, integrations, capabilities and enhancements by us, or by competitors to their products, or any other changes in the competitive landscape of our market; the amount and timing of operating expenses that we may incur to maintain and expand our business and operations to remain competitive; the sufficiency of our cash, cash equivalents and investments to meet our liquidity needs; our ability to make required payments under and to comply with the various requirements of our current and future indebtedness; our cash flows, the prevailing stock prices, general economic and market conditions and other considerations that could affect the specific timing, price and size of repurchases under our stock repurchase program or our ability to fund any stock repurchases; geopolitical tensions, including the war in Ukraine and the conflict in Israel, Gaza and surrounding areas; our ability to effectively manage our exposure to fluctuations in foreign currency exchange rates; the size of our addressable markets, market share and market trends; anticipated trends, developments and challenges in our industry, business and the highly competitive markets in which we operate; any adverse impact on our business operations as a result of using artificial intelligence or other machine learning technologies in our services; our expectations regarding our income tax liabilities and the adequacy of our reserves; our ability to effectively manage our growth and expand our infrastructure and maintain our corporate culture; our ability to identify, recruit and retain skilled personnel, including key members of senior management; the safety, affordability and convenience of our platform and our offerings; our ability to successfully defend litigation brought against us; our ability to successfully identify, manage and integrate any existing and potential acquisitions of businesses, talent, technologies or intellectual property; general economic conditions in either domestic or international markets, including geopolitical uncertainty and instability, and their effects on software spending; our ability to protect against security incidents, technical difficulties, or interruptions to our platform; our ability to maintain, protect and enhance our intellectual property; the impact of tariffs and global trade disruptions on us, our customers and our vendors, including the impact on inflation, supply chains and consumer sentiment; and other risks discussed in our filings with the SEC. All forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by the cautionary statements set forth above. We caution you not to place undue reliance on any forward-looking statements, which are made only as of the date of this press release. We do not undertake or assume any obligation to update publicly any of these forward-looking statements to reflect actual results, new information or future events, changes in assumptions or changes in other factors affecting forward-looking statements, except to the extent required by applicable law. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements. Article content Adjusted EBITDA and Adjusted EBITDA Margin Three Months Ended March 31, 2025 2024 Net loss $ (3,169 ) $ (3,781 ) Net loss margin (9 )% (11 )% Add: Provision for income taxes 2,006 1,034 Other (income) expenses, net (324 ) 954 Depreciation and amortization 1,943 1,383 Stock-based compensation expense 7,990 7,524 Adjusted EBITDA $ 8,446 $ 7,114 Adjusted EBITDA margin 23 % 21 % Article content Article content Article content Article content Article content Contacts Article content Article content Article content
Ottawa Citizen
25-04-2025
- Business
- Ottawa Citizen
Expensify to Announce Q1 2025 Results
Article content Join Expensify's earnings call on Thursday, May 8th at 2pm PT / 5pm ET. Article content PORTLAND, Ore. — Expensify, Inc. (Nasdaq: EXFY), a payments superapp that helps individuals and businesses around the world simplify the way they manage money across expenses, corporate cards, travel and bills, today announced that the company's Q1 2025 financial results will be released after market close on Thursday, May 8th, 2025. Article content Expensify will host a call to discuss its Q1 on Thursday, May 8th, 2025 at 2pm PT / 5pm ET. The link to the call will be available that day on the company's Investor Relations website at Prior to the call, interested parties can visit the website to add the event to their calendars. Article content Article content After the call, the following will be made available at Article content A full recording of the call An investor deck and press release summarizing financial results Article content To get started using Expensify or to learn more, head over to Article content Expensify helps 15 million people worldwide track expenses, book travel, reimburse employees, manage corporate cards, send invoices, and pay bills—all in one place. Whether you're self-employed, running a small business, managing a team, or overseeing global finances, let Expensify handle your travel and expense, at the speed of chat. Article content Article content Article content Article content Article content
National Post
24-04-2025
- Business
- National Post
Expensify to Announce Q1 2025 Results
Article content PORTLAND, Ore. — Expensify, Inc. (Nasdaq: EXFY), a payments superapp that helps individuals and businesses around the world simplify the way they manage money across expenses, corporate cards, travel and bills, today announced that the company's Q1 2025 financial results will be released after market close on Thursday, May 8th, 2025. Article content Expensify will host a call to discuss its Q1 on Thursday, May 8th, 2025 at 2pm PT / 5pm ET. The link to the call will be available that day on the company's Investor Relations website at Prior to the call, interested parties can visit the website to add the event to their calendars. Article content Article content After the call, the following will be made available at Article content Expensify helps 15 million people worldwide track expenses, book travel, reimburse employees, manage corporate cards, send invoices, and pay bills—all in one place. Whether you're self-employed, running a small business, managing a team, or overseeing global finances, let Expensify handle your travel and expense, at the speed of chat. Article content Article content Article content Article content Article content
Business Wire
24-04-2025
- Business
- Business Wire
Expensify to Announce Q1 2025 Results
PORTLAND, Ore.--(BUSINESS WIRE)--Expensify, Inc. (Nasdaq: EXFY), a payments superapp that helps individuals and businesses around the world simplify the way they manage money across expenses, corporate cards, travel and bills, today announced that the company's Q1 2025 financial results will be released after market close on Thursday, May 8th, 2025. Expensify will host a call to discuss its Q1 on Thursday, May 8th, 2025 at 2pm PT / 5pm ET. The link to the call will be available that day on the company's Investor Relations website at Prior to the call, interested parties can visit the website to add the event to their calendars. After the call, the following will be made available at A full recording of the call An investor deck and press release summarizing financial results To get started using Expensify or to learn more, head over to About Expensify Expensify helps 15 million people worldwide track expenses, book travel, reimburse employees, manage corporate cards, send invoices, and pay bills—all in one place. Whether you're self-employed, running a small business, managing a team, or overseeing global finances, let Expensify handle your travel and expense, at the speed of chat.
