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Expensify, Inc. EXFY Cashback rewards — Revenue, net

Other product segments

Subscription fees
$30.95M-6.9%
Interchange
$5.54M+10.1%

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WFCCredit card rewards and rebates — Other cost of revenue
$784M+17.5%
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CCard rewards and partner payments — Commissions and fees revenue
-$3.24B-3.3%
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BJCredit card program — Percentage of cash back earned
5%0.0pp
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CPAYVehicle Payments — Revenues, net
$563.9M+18.9%

Other financials

Income statement

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Revenue$34.0M-5.8%
Gross profit$16.2M-11.4%
Operating income-$2.0M-32.6%
Net income-$2.3M+26.3%
EPS (diluted)-$0.02+33.3%

Balance sheet

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Cash & equivalents$109.6M+13.8%
Total debt$678.0K-18.2%
Total equity$138.5M+2.9%
Total assets$190.6M+0.7%

Cash flow

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Operating cash flow$118.0K-98.5%
CapEx$182.0K+4.6%
Free cash flow-$64.0K-101%

Valuation

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Market cap$172.62M-24.4%
P/S1.2×-0.3×

Profitability

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Gross margin49.6%-2.8pp
Operating margin-13.2%
Net margin-14.7%-86.5pp
FCF margin8.8%-11.0pp

Returns & leverage

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Return on equity-15.1%+177pp
Debt / equity0.0×
Current ratio3.5×+0.2×

Where this comes from

Reported directly by Expensify, Inc. in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The official record: Expensify, Inc.’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Expensify, Inc.'s cashback rewards — revenue, net?
Expensify, Inc. (EXFY) reported cashback rewards — revenue, net of -$2.64M in Q1 2026.
How has Expensify, Inc.'s cashback rewards — revenue, net changed year-over-year?
Expensify, Inc.'s cashback rewards — revenue, net decreased by 15.9% year-over-year, from -$2.27M to -$2.64M.
What does cashback rewards — revenue, net mean?
This metric represents the net revenue generated from cashback reward programs offered to corporate card users. It reflects the financial impact of incentive structures provided to customers for utilizing the platform's payment services, accounting for any associated costs or rebates. This figure is a key indicator of the profitability and adoption rate of the company's integrated financial incentive offerings.