Expensify Inc. has reported its financial results for the second quarter of 2025. The company achieved a revenue of $35.8 million, marking a 7% increase compared to the same period last year. The company generated $8.9 million of cash from operating activities, with a free cash flow of $6.3 million. However, Expensify reported a net loss of $8.8 million, compared to a $2.8 million net loss in the same period last year. The non-GAAP net loss was $1.9 million, while the adjusted EBITDA stood at a negative $1.4 million. Interchange derived from the Expensify Card grew to $5.3 million, reflecting a 31% increase over the previous year. In terms of business operations, the number of paid members decreased by 5% to 652,000. Expensify Travel experienced a significant 44% increase in quarterly travel bookings. Additionally, the company repurchased 1,285,336 shares of its Class A common stock, totaling approximately $3.0 million. Expensify also expanded internationally, adding support for over 10,000 banks worldwide and launching Euro-based billing. Looking ahead, Expensify has provided a financial outlook for the fiscal year ending December 31, 2025, estimating free cash flow between $19.0 million and $23.0 million.