Expensify card interchange revenue across its Classic and New Expensify offerings reached $5.9 million, up 12% from a year earlier. Share Repurchases Reduce Outstanding SharesDuring the quarter, Expensify completed a modified Dutch auction tender offer, repurchasing about 6.1 million Class A shares at $1.20 per share. New Expensify Revenue Surges as Classic Base DeclinesFounder and Chief Executive Officer David Barrett described Expensify Classic as a mature, cash-generating traditional expense management product, while characterizing New Expensify as the company’s growth platform built around mobile, chat and AI-enabled workflows. The company also launched its Expensify MCP integration, which Barrett said allows third-party AI assistants including ChatGPT, Claude and Cursor to access Expensify expense data through natural-language interactions. Founded in 2008 by entrepreneur David Barrett, Expensify has grown from a simple receipt-scanning app into a comprehensive spend management suite.