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Expensify, Inc. (NASDAQ:EXFY) Chief Executive Officer David Michael Barrett sold 30,000 shares of Class A Common Stock on September 2, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The sale comes as the stock has declined nearly 49% over the past six months, according to InvestingPro data. The shares were sold at a weighted average price of $1.92, with individual sales prices ranging from $1.91 to $1.94. The total value of the shares sold amounted to $57,600. InvestingPro analysis suggests the stock is currently undervalued, with a strong free cash flow yield and solid financial health score.
Following the transaction, Barrett directly holds 210,676 shares of Expensify , Inc. and indirectly holds 1,468,480 shares through Barrett Trust LLC.
The sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted on March 31, 2025.
In other recent news, Expensify reported its second quarter of 2025 financial results, which fell short of expectations. The company announced an earnings per share (EPS) of -$0.10, significantly missing the forecasted $0.04, resulting in a surprise of -350%. Revenue was reported at $35.8 million, slightly below the anticipated $36.22 million. In addition to these financial results, Expensify has launched a new integration with DoorDash for Business. This integration allows for the automatic import of DoorDash receipts into Expensify’s expense management platform, streamlining the process for business users. The development aims to eliminate the need for manual entry when handling reimbursements or reconciling company card purchases. These recent developments reflect Expensify’s ongoing efforts to enhance its platform, despite the financial challenges faced in the recent quarter.
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