How did Expensify's revenue and expenses trend in Q4 2024?

Expensify's revenue and expenses in Q4 2024 showed a decline in revenue and a decrease in certain expenses compared to the previous year's fourth quarter.

1. Revenue Trend: The company's revenue decreased to $35.4 million in Q4 2024, which is a 3.0% decrease from the $35.4 million reported in Q3 2023. This decline in revenue was partly due to a decrease in billable activity and an increase in cashback payments, as indicated in the 10-Q filing.
2. Expense Trend: Expensify's net loss for the quarter was $2.2 million, which is a significant improvement from the $17.0 million net loss in the same quarter of the previous year. This improvement was due to decreased employee-related expenses, settlement losses, and insurance costs, which led to a decrease in general and administrative expenses. Additionally, research and development expenses decreased, and sales and marketing expenses were reduced, primarily due to decreased advertising and outsourcing costs.

In summary, Expensify experienced a decline in revenue but a significant reduction in net losses in Q4 2024, primarily driven by decreased expenses such as employee-related costs, advertising, and outsourcing expenses.