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REVENUE AND CERTAIN STATEMENT OF OPERATIONS COMPONENTS
 6 Months Ended
Jun. 30, 2025
Revenue Recognition and Deferred Revenue [Abstract]  
REVENUE AND CERTAIN STATEMENT OF OPERATIONS COMPONENTS REVENUE AND CERTAIN STATEMENT OF OPERATIONS COMPONENTS
The table below provides the Company's total revenue by geographic region based on the transaction currency (in thousands). No other individual country outside of the United States accounted for more than 10% of total revenue.
Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
United States$32,609 $30,179 $65,683 $60,692 
All other locations3,155 3,109 6,155 6,131 
Total revenue$35,764 $33,288 $71,838 $66,823 
No individual customer represented more than 10% of the Company’s total revenue during the three and six months ended June 30, 2025 and 2024.
Cashback Rewards
The Company offers a cashback rewards program to all customers on the Updated Card Program based on volume of Expensify Card transactions. Cashback rewards are earned on a monthly basis and are applied against outstanding customer receivables or paid out the following month. The Company considers cashback rewards as consideration payable to a customer, and it is recorded as contra revenue within Revenue on the Condensed Consolidated Statements of Operations. Cashback rewards were $2.5 million and $2.0 million for the three months ended June 30, 2025 and 2024, respectively. Cashback rewards were $4.8 million and $4.0 million for the six months ended June 30, 2025 and 2024, respectively.
Interchange
The Company generates revenue from the authorization and settlement of Expensify Card transactions under the Updated Card Program. The Company is contractually entitled to all interchange generated on Expensify Card transactions based on its agreement with the issuing bank, and such funds are held as restricted cash within Other current assets on the Condensed Consolidated Balance Sheets until released by the issuing bank. Under the Updated Card Program, the Company is the principal in the transaction and recognizes interchange as revenue on a gross basis within Revenue on the accompanying Condensed Consolidated Statements of Operations. Interchange revenue was $5.3 million and $0.5 million for three months ended June 30, 2025 and 2024, respectively. Interchange revenue was $10.3 million and $0.5 million for the six months ended June 30, 2025 and 2024, respectively.
Consideration From a Vendor
Under the Updated Card Program, the Company receives consideration from a vendor for certain volume-based incentives from Visa, which are included as a reduction to Cost of revenue, net on the accompanying Condensed Consolidated Statements of Operations as they are earned. The amounts earned under these volume-based incentives were $0.8 million and $1.0 million for the three and six months ended June 30, 2025, respectively. The amounts earned under these volume-based incentives were immaterial for both the three and six months ended June 30, 2024.
Under the Company's previous card program (the "Legacy Card Program"), which an immaterial number of cardholders continue to operate within, the Company receives consideration from a vendor for monetizing Expensify Card activities. The Legacy Card Program operates under an agreement with the payment processor, Marqeta, Inc. ("Marqeta"), and relies on Marqeta to manage the relationship with the issuing bank, Sutton Bank, and the card network, Visa, in authorizing and settling transactions. This consideration, net of fees paid to the vendor, is included as a reduction to Cost of revenue, net on the accompanying Condensed Consolidated Statements of Operations as it is earned. Consideration earned under the Legacy Card Program, net of fees paid to the vendor, was immaterial for both the three and six months ended June 30, 2025. Consideration earned under the Legacy Card Program, net of fees paid to the vendor, was $3.1 million and $6.3 million for the three and six months ended June 30, 2024, respectively.