Expensify Boosts 2025 Free Cash Flow Guidance Amid Brand Awareness Surge

Expensify raised its 2025 free cash flow guidance to $19M-$23M, driven by a 50% surge in brand awareness thanks to the F1 movie. CEO David Barrett highlighted the company's expanded global reach and technical upgrades, including the addition of over 10,000 banks for card support and reimbursement features, as well as new capabilities for euro purchases.

Expensify, Inc. (Nasdaq: EXFY), a payments superapp that helps individuals and businesses manage expenses, corporate cards, and bills, has raised its 2025 free cash flow (FCF) guidance to $19.0 million to $23.0 million. This increase is driven by a 50% surge in brand awareness following the release of "F1® The Movie," which has been seen by over 35 million moviegoers globally. The company's CEO, David Barrett, highlighted the expanded global reach and technical upgrades as key drivers for this growth.

The company's quarterly results, released on August 7, 2025, showed a 31% increase in interchange derived from the Expensify Card, reaching $5.3 million. This growth was accompanied by a 10% increase in free cash flow year-over-year, despite the company's investment in the F1 movie. Additionally, the company's core business continues to perform strongly, with a 4% decrease in operating cash flows and a 10% increase in free cash flow.

Expensify has also expanded its international offering, with the Expensify Card expected to be available in the UK and most of the EU this month. This expansion will bring the card to over 30 million more businesses in 18 new countries. The company has added support for over 10,000 additional banks worldwide, including numerous international banks in F1 viewing regions. Furthermore, the company has added support for 10 total languages, including Spanish, French, German, Italian, Japanese, and more. To lower the barrier to adoption in this new market, the company has added support for EUR billing, in addition to its other billing options in USD, GBP, AUD, and NZD, with support for CAD on the way.

The company's CEO, David Barrett, noted that the company is "preparing for the future" with these expansions and upgrades. He also highlighted the company's ongoing efforts to achieve "financial AI supremacy," with plans to roll out features in Q3 to move closer to this goal.

References:

[1] https://finance.yahoo.com/news/expensify-announces-q2-2025-results-200000674.html