Expensify (EXFY) Q2 FY26 earnings call

Expensify's Q2 FY26 results highlight a strategic pivot towards profitability and the rapid growth of its "New Expensify" platform, which is designed for AI-centric expense management. While overall revenue faced top-line pressure, the company significantly improved non-GAAP net income and adjusted EBITDA, alongside a substantial increase in free cash flow. The core narrative centers on the successful migration of users to New Expensify and its potential to tap into a much larger market, even as the legacy "Classic" product continues to generate cash flow.