Expensify Pays Down All Debt and Announces Share Repurchase
Expensify, Inc. (EXFY)
Company Research
Source: Business Wire
The company announced it has paid off all debts ($22.6 million) and completed a buyback of 645,938 shares. PORTLAND, Ore.--(BUSINESS WIRE)--Expensify, Inc. (Nasdaq: EXFY), a payments superapp that helps individuals and businesses around the world simplify the way they manage money across expenses, corporate cards and bills, announced today that the company paid down the balance of its revolving line of credit ($15 million), paid off the mortgage on its headquarters in downtown Portland, OR, ($7.6 million) and repurchased 645,938 shares of its Class A common stock from its founder.The company still retains access to $24 million in a revolving line of credit if needed, but has otherwise cleared the debt from its balance sheets. Additionally, rather than refinance its mortgage which was scheduled to come due in the third quarter of 2024, the company has paid it off.The 645,938 Class A common stock shares were purchased at an average price of $2.34, reflecting the weighted average pric
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News
- What are receipt scanning apps and how can you use them? [Yahoo! Finance]Yahoo! Finance
- Expensify Third Quarter 2024 Earnings: Beats Expectations [Yahoo! Finance]Yahoo! Finance
- Expensify Inc (EXFY) Q3 2024 Earnings Call Highlights: Navigating Growth Amidst Challenges [Yahoo! Finance]Yahoo! Finance
- Expensify Announces Q3 2024 ResultsBusiness Wire
- Expensify Inc (EXFY) Q3 2024: Everything You Need to Know Ahead of Earnings [Yahoo! Finance]Yahoo! Finance
EXFY
Earnings
- 8/8/24 - Miss
EXFY
Sec Filings
- 11/20/24 - Form 4
- 11/20/24 - Form SC
- 11/19/24 - Form 144
- EXFY's page on the SEC website