Expensify, Inc. announced the final results of its modified 'Dutch auction' tender offer, accepting 6,053,023 shares of Class A common stock at $1.20 per share, for a total cost of approximately $7.26 million, representing about 6.8% of outstanding shares. The offer expired on June 10, 2026, and the company will pay with cash on hand.
Expensify announced preliminary results of its modified Dutch auction tender offer, expecting to repurchase 6,140,642 shares of Class A common stock at $1.20 per share, totaling approximately $7.37 million, representing about 6.9% of outstanding shares. The offer was undersubscribed against the $25 million target. CEO David Barrett stated the company is undervalued and repurchase is an attractive use of capital.
Amex GBT announced an increase of $300 million to its share repurchase authorization, bringing it to $600 million. The company also reported strong preliminary Q4 2025 results: revenue up 34% to $792 million, TTV up 45% to $10 billion, and adjusted EBITDA up 17% to $130 million. Full-year revenue grew 12% to $2.718 billion, TTV up 17% to $36 billion. The company reiterated 2026 guidance with revenue growth of 19-21%.