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Expensify , Inc. (NASDAQ:EXFY), currently valued at $223.57 million, saw its CEO David Michael Barrett recently complete a significant stock transaction, selling 30,000 shares of Class A Common Stock. The shares were sold at a weighted average price of $2.35 per share, generating a total of $70,500. According to InvestingPro data, the stock has declined about 27% year-to-date, though analysis suggests the stock is currently undervalued. This transaction was carried out on May 15, 2025, under a Rule 10b5-1 trading plan adopted by Barrett in August 2024.
Following this sale, Barrett retains direct ownership of 192,156 shares and indirect ownership of 1,558,480 shares through Barrett Trust LLC. The sale price ranged from $2.31 to $2.39 per share.
In other recent news, Expensify Inc. reported its Q1 2025 earnings, missing both earnings per share (EPS) and revenue forecasts. The company posted an EPS of -$0.03, falling short of the expected $0.07, while revenue was slightly below expectations at $36.1 million, compared to the anticipated $36.36 million. Despite this, Expensify’s revenue grew by 8% year-over-year, and its free cash flow saw a significant increase of 75% year-over-year, reaching $9.1 million. The company raised its annual free cash flow guidance to a range of $17–21 million, indicating confidence in its cash-generating capabilities.
Expensify also announced a simplified pricing plan for its services, aiming to attract more customers at the lower end of the market. Additionally, the company is investing in AI-driven product innovations and anticipates a positive impact from its Formula 1 movie marketing strategy in the coming quarters. Analysts from Citi and Citizens GMP inquired about the company’s resilience in the face of economic uncertainty and the impact of tariffs, as well as the anticipated benefits from the Formula 1 promotion. Expensify executives noted that while the promotion’s full impact is expected in Q3, early signs of increased visibility and customer engagement are already evident.
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