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PORTLAND - Expensify, Inc. (NASDAQ:EXFY), a $167 million market cap expense management company, has launched a new integration with DoorDash for Business that automatically imports receipts into its expense management platform, the company announced Wednesday in a press release. According to InvestingPro data, the company maintains a strong financial position with more cash than debt on its balance sheet.
The integration allows business users to have their DoorDash receipts automatically transferred to Expensify’s system, eliminating the need for manual entry when seeking reimbursement or reconciling company card purchases.
Nick Tooker, VP of Strategic Partnerships at Expensify, said the partnership with DoorDash for Business, which he described as "one of our top business expense merchants," provides value to shared customers and benefits both employees and administrators.
Katie Egan, General Manager of DoorDash for Business, stated that the integration helps "simplify expense reporting and reimbursement for employees, and creates major time savings and improved compliance for businesses."
Expensify’s platform offers expense tracking, travel booking, employee reimbursement, corporate card management, invoicing, and bill payment services. The company reports that it serves 15 million users globally across various business sizes, from self-employed individuals to organizations with global financial operations.
The integration aims to reduce manual processes in expense management by connecting two commonly used business services.
In other recent news, Expensify Inc. reported its second-quarter 2025 financial results, revealing a shortfall in both earnings and revenue. The company posted an earnings per share (EPS) of -$0.10, which fell significantly short of analysts’ expectations of $0.04, marking a surprise of -350%. Additionally, Expensify’s revenue was reported at $35.8 million, slightly below the anticipated $36.22 million. Despite these financial setbacks, there have been no recent reports of mergers or acquisitions involving Expensify. Analyst firms have not issued any new upgrades or downgrades for Expensify following the earnings announcement. These developments are part of the company’s recent financial and market activities.
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