Expensify, Inc. EXFY

Technology SIC 7372 - Services-Prepackaged Software NAICS Information › Publishing Industries › Software Publishers derived Nasdaq

Expensify is a leading cloud-based expense management software platform that helps the smallest to the largest businesses simplify the way they manage money. Every day, people from all walks of life in organizations around the world use Expensify to scan and reimburse receipts from flights, hotels, coffee shops, office supplies and ride shares. Since our founding in 2008, we have added over 15 million members to our community, and processed and automated over 1.8 billion expense transactions on our platform as of December 31, 2025, freeing people to spend less time managing expenses and more time doing the things they love. For the quarter ended December 31, 2025, an average of 650,000 paid members across an average of 39,700 companies and over 200 countries and territories used Expensify to make money easy.

Last close 2.59 2026-10-23
Market cap $247.2M estimated share count
52-week range 0.69 - 2.81

Valuation FY2025 figures against the last close

P/S1.7x
P/E—
P/FCF12.3x
EV/EBITDA—
Dividend yield—
Diluted EPS-0.23

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Revenue $142.1M$139.2M$150.7M$169.5M$142.8M$88.1M$80.5M—
Cost of revenue $70.6M$64.2M$66.9M$62.7M$53.7M$32.4M$32.0M—
Gross profit $71.5M$75.0M$83.8M$106.8M$89.1M$55.7M$48.5M—
R&D $20.7M$24.6M$23.4M$13.7M$11.0M$6.7M$4.1M—
SG&A $42.1M$38.4M$49.2M$58.5M$60.7M$33.4M$15.9M—
Total operating expenses $89.5M$75.8M$116.9M$122.1M$99.4M$50.0M$47.2M—
Operating income -$18.0M-$820.0K-$33.1M-$15.2M-$10.3M$5.7M$1.2M—
Interest expense $100.0K$1.1M$5.2M$4.5M$3.1M$2.9M——
Pre-tax income -$16.3M-$2.4M-$38.5M-$20.6M-$13.7M$3.0M-$1.5M—
Income tax $5.1M$7.7M$3.0M$6.4M$174.0K$4.7M$2.8M—
Net income -$21.4M-$10.1M-$41.5M-$27.0M-$13.6M-$1.7M$1.2M—
EPS, basic -0.23-0.12-0.50-0.33-0.36-0.060.00—
EPS, diluted -0.23-0.12-0.50-0.33-0.36-0.060.00—
Shares, diluted (wtd. avg.) 92.3M87.4M82.5M80.8M38.0M27.4M25.9M—

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Cash and equivalents $63.1M$48.8M$96.7M$103.8M$125.3M$46.9M$34.8M$22.1M
Receivables $12.6M$12.7M$13.8M$16.4M$15.7M$10.0M——
Total current assets $153.0M$136.9M$137.2M$187.1M$157.6M$63.7M——
Property, plant and equipment $13.0M$13.6M$14.4M$14.5M$15.9M$15.4M——
Total assets $186.0M$173.7M$176.8M$210.2M$183.2M$87.7M——
Accounts payable $289.0K$196.0K$1.4M$1.1M$3.8M$2.3M——
Short-term debt —$0$7.7M$551.0K$549.0K$2.5M——
Total current liabilities $46.4M$38.0M$67.9M$60.4M$53.6M$39.2M——
Long-term debt ——$0$51.4M$52.1M$30.3M——
Total liabilities $53.2M$45.4M$76.0M$113.0M$106.6M$73.7M——
Retained earnings -$172.2M-$150.8M-$140.8M-$97.6M-$65.9M-$52.3M——
Total equity $132.7M$128.2M$100.7M$97.2M$76.6M-$31.0M-$48.5M-$51.9M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Operating cash flow $20.1M$23.9M$1.6M$32.9M$5.5M$7.6M$12.4M—
Depreciation and amortisation $8.5M$6.8M$5.2M$5.4M$5.2M$3.2M$2.8M—
Stock-based compensation $26.6M$33.5M$41.2M$52.3M$14.6M$17.8M$1.7M—
Capital expenditure $17.0K$0$1.4M$585.0K$2.7M$2.5M$3.2M—
Investing cash flow -$3.6M-$7.6M-$7.3M-$2.2M-$7.6M-$4.3M-$4.9M—
Financing cash flow -$2.7M-$22.1M-$45.3M-$8.3M$80.6M$8.8M$5.1M—
Buybacks $9.1M$1.5M$3.0M$6.0M$0$0$14.0K—

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001476840-26-000020.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -100M 0 100M 200M Revenue, FY2019: 80.5M Gross profit, FY2019: 48.5M Net income, FY2019: 1.2M Revenue, FY2020: 88.1M Gross profit, FY2020: 55.7M Net income, FY2020: -1.7M Revenue, FY2021: 142.8M Gross profit, FY2021: 89.1M Net income, FY2021: -13.6M Revenue, FY2022: 169.5M Gross profit, FY2022: 106.8M Net income, FY2022: -27M Revenue, FY2023: 150.7M Gross profit, FY2023: 83.8M Net income, FY2023: -41.5M Revenue, FY2024: 139.2M Gross profit, FY2024: 75M Net income, FY2024: -10.1M Revenue, FY2025: 142.1M Gross profit, FY2025: 71.5M Net income, FY2025: -21.4M FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue — $80.5M $88.1M $142.8M $169.5M $150.7M $139.2M $142.1M
Gross profit — $48.5M $55.7M $89.1M $106.8M $83.8M $75.0M $71.5M
Net income — $1.2M -$1.7M -$13.6M -$27.0M -$41.5M -$10.1M -$21.4M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Regulation FD disclosure Item 7.01
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Delisting notice The exchange has told the company it no longer meets the rules for staying listed - usually price, market cap, or filings that are late. Item 3.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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