Expensify Inc-A 2025年季度报告

SECURITIES AND EXCHANGE COMMISSIONWashington, D.C. 20549 (Mark One)xQUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period endedSeptember30, 2025 OR oTRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from_______to_______ Commission File Number001-41043 EXPENSIFY, INC.___________________________________ (Exact name of registrant as specified in its charter) 27-0239450 (I.R.S. Employer Identification No.) 94108 (Address of Principal Executive Offices)(Zip Code) (971)365-3939Registrant’s telephone number, including area code 401 SW 5th Ave,Portland,OR97204Former name, former address and former fiscal year, if changed since last report Securities registered pursuant to Section 12(b) of the Act: Name of each exchange on which registered Class A Common Stock, par value $0.0001per share Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) ofthe Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrantwas required to file such reports), and (2) has been subject to such filing requirements for the past 90days.YesxNoo Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to besubmitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or forsuch shorter period that the registrant was required to submit such files).YesxNoo Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer,a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,”“accelerated filer,” “smaller reporting company,” and "emerging growth company" in Rule 12b-2 of the Exchange Act. Large accelerated filer Non-accelerated filer If an emerging growth company, indicate by check mark if the registrant has elected not to use the extendedtransition period for complying with any new or revised financial accounting standards provided pursuant to Section13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).YesoNox The registrant had outstanding80,840,150shares of Class A common stock, par value of $0.0001 per share,4,209,827shares of LT10 common stock, par value $0.0001 per share, and7,988,939shares of LT50 common stock,par value $0.0001 per share, as of November3, 2025. Table of Contents Special Note Regarding Forward-Looking Statements Part I - Financial InformationItem 1.Condensed Consolidated Financial StatementsCondensed Consolidated Balance SheetsCondensed Consolidated Statements of OperationsCondensed Consolidated Statements of Changes in Stockholders’ EquityCondensed Consolidated Statements of Cash FlowsNotes to Condensed Consolidated Financial StatementsItem 2.Management's Discussion and Analysis of Financial Condition and Results ofOperationsItem 3.Quantitative and Qualitative Disclosures About Market RiskItem 4.Controls and Procedures Part II - Other InformationItem 1.Legal ProceedingsItem 1A.Risk FactorsItem 2.Unregistered Sales of Equity Securities and Use of ProceedsItem 3.Defaults Upon Senior SecuritiesItem 4.Mine Safety DisclosuresItem 5.Other InformationItem 6.ExhibitsSignatures Special Note Regarding Forward-Looking Statements This Quarterly Report on Form 10-Q contains forward-looking statements about us and our industry that involvesubstantial risks and uncertainties. We intend such forward-looking statements to be covered by the safe harborprovisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. Allstatements other than statements of historical facts contained in this Quarterly Report on Form 10-Q, includingstatements regarding our strategy, future financial condition, future operations, projected costs, prospects, plans,objectives of management and expected market growth, are forward-looking statements. In some cases, you canidentify forward-looking statements because they contain words such as “may,” “will,” “shall,” “should,”“expects,” “plans,” “anticipates,” “could,” “intends,” “target,” “projects,” “contemplates,” “believes,” “estimates,” “predicts,” “potential,” “goal,” “objective,” “seeks,” or “continue” or thenegative of these words or other similar terms or expressions that concern our expectations, strategy, plans, orintentions. There are a number of risks, uncertainties, and other important factors, many of which are beyond ourcontrol, that could cause our actual results to differ materially from the forward-looking statements contained in thisQuarterly Report on Form 10-Q. Such risks, uncertainties and other important factors include, among others: •our expectations regarding our financial performance and f