NASDAQ : EXFY
Expensify, Inc. — Financial statements
Technology · Software - Application · United States
Last price 2.35 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 214.29M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Expensify, Inc. (EXFY) reported revenue of 138.10M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 138.10M | 142.10M | 139.24M | 150.69M | 169.50M | 142.84M |
| Cost of Revenue | 70.89M | 70.57M | 64.24M | 66.89M | 62.67M | 53.69M |
| Gross Profit | 67.21M | 71.53M | 75.00M | 83.80M | 106.83M | 89.14M |
| Selling, General & Admin | 60.68M | 71.66M | 51.18M | 93.58M | 108.37M | 88.41M |
| Research & Development | 20.41M | 20.68M | 24.64M | 23.37M | 13.69M | 10.99M |
| Operating Expenses | 81.10M | 92.35M | 75.82M | 116.95M | 122.06M | 99.39M |
| Operating Income | -13.89M | -20.82M | -820.00K | -33.15M | -15.23M | -10.25M |
| Interest Expense | -100.00K | -100.00K | -1.10M | -5.33M | -5.41M | -3.48M |
| Interest & Investment Income | 1.90M | 1.90M | 1.10M | |||
| Other Non Operating Income (Expenses) | -914.00K | -74.00K | -1.57M | |||
| EBT Excluding Unusual Items | -13.00M | -19.09M | -2.39M | -38.48M | -20.64M | -13.73M |
| Legal Settlements | 2.80M | 2.80M | ||||
| Pretax Income | -10.20M | -16.29M | -2.39M | -38.48M | -20.64M | -13.73M |
| Income Tax Expense | 5.42M | 5.10M | 7.66M | 2.98M | 6.37M | -174.00K |
| Net Income | -15.62M | -21.39M | -10.05M | -41.46M | -27.01M | -13.56M |
| Net Income to Common | -15.62M | -21.39M | -10.05M | -41.46M | -27.01M | -13.56M |
| Shares Outstanding (Basic) | 93.63M | 92.28M | 87.38M | 82.49M | 80.79M | 38.04M |
| Shares Outstanding (Diluted) | 93.63M | 92.28M | 87.38M | 82.49M | 80.79M | 38.04M |
| EPS (Basic) | -0.17 | -0.23 | -0.12 | -0.50 | -0.33 | -0.36 |
| EPS (Diluted) | -0.17 | -0.23 | -0.12 | -0.50 | -0.33 | -0.36 |
| Free Cash Flow | 12.60M | 20.07M | 23.88M | 175.00K | 32.29M | 2.78M |
| Free Cash Flow Per Share | 0.14 | 0.22 | 0.27 | 0.00 | 0.40 | 0.07 |
| Gross Margin | 48.67% | 50.33% | 53.86% | 55.61% | 63.03% | 62.41% |
| Operating Margin | -10.06% | -14.65% | -0.59% | -22.00% | -8.99% | -7.18% |
| Profit Margin | -11.31% | -15.05% | -7.22% | -27.51% | -15.93% | -9.49% |
| Free Cash Flow Margin | 9.12% | 14.12% | 17.15% | 0.12% | 19.05% | 1.95% |
| EBITDA | -13.07M | -20.06M | 94.00K | -31.29M | -12.44M | -7.36M |
| EBITDA Margin | -9.46% | -14.12% | 0.07% | -20.76% | -7.34% | -5.15% |
| D&A For EBITDA | 817.00K | 760.00K | 914.00K | 1.86M | 2.79M | 2.90M |
| EBIT | -13.89M | -20.82M | -820.00K | -33.15M | -15.23M | -10.25M |
| EBIT Margin | -10.06% | -14.65% | -0.59% | -22.00% | -8.99% | -7.18% |
| Advertising Expenses | 12.70M | 2.50M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 65.76M | 63.08M | 48.77M | 47.51M | 103.79M | 98.40M |
| Cash & Short-Term Investments | 65.76M | 63.08M | 48.77M | 47.51M | 103.79M | 98.40M |
| Accounts Receivable | 11.17M | 12.62M | 12.70M | 13.83M | 16.45M | 15.72M |
| Other Receivables | 544.00K | 495.00K | 429.00K | 2.99M | 2.47M | 5.41M |
| Receivables | 11.71M | 13.11M | 13.13M | 16.83M | 18.92M | 21.15M |
| Prepaid Expenses | 4.40M | 5.59M | 12.09M | 5.65M | 8.82M | 7.44M |
| Restricted Cash | 32.09M | 31.01M | 29.65M | 27.48M | 30.00M | 21.35M |
| Other Current Assets | 40.23M | 40.21M | 33.24M | 39.77M | 25.58M | 9.31M |
| Total Current Assets | 154.19M | 153.01M | 136.88M | 137.23M | 187.12M | 157.64M |
| Property, Plant & Equipment | 17.10M | 17.75M | 19.06M | 20.81M | 15.24M | 18.13M |
| Other Intangible Assets | 12.40M | 13.60M | 16.23M | 12.49M | 6.88M | 6.36M |
| Long-Term Deferred Tax Assets | 474.00K | 494.00K | 499.00K | 457.00K | 344.00K | 370.00K |
| Other Long-Term Assets | 1.24M | 1.15M | 1.01M | 5.79M | 664.00K | 710.00K |
| Total Assets | 185.41M | 185.99M | 173.68M | 176.78M | 210.24M | 183.21M |
| Accounts Payable | 1.13M | 289.00K | 196.00K | 1.43M | 1.06M | 3.75M |
| Accrued Expenses | 4.38M | 13.92M | 4.69M | 5.49M | 7.38M | 9.77M |
| Short-Term Debt | 15.00M | 15.00M | 15.00M | |||
| Current Portion of Long-Term Debt | 7.66M | 551.00K | 549.00K | |||
| Current Portion of Leases | 626.00K | 678.00K | 729.00K | 432.00K | 800.00K | 1.55M |
| Current Income Taxes Payable | 152.00K | 284.00K | 934.00K | 843.00K | ||
| Other Current Liabilities | 37.81M | 31.23M | 31.46M | 37.05M | 35.57M | 22.95M |
| Total Current Liabilities | 44.10M | 46.41M | 38.01M | 67.89M | 60.36M | 53.58M |
| Long-Term Debt | 51.43M | 52.07M | ||||
| Long-Term Leases | 4.75M | 5.06M | 5.74M | 6.47M | 802.00K | |
| Other Long-Term Liabilities | 2.00M | 1.78M | 1.69M | 1.68M | 1.20M | 153.00K |
| Total Liabilities | 50.84M | 53.24M | 45.44M | 76.04M | 113.00M | 106.60M |
| Common Stock | 9.00K | 9.00K | 9.00K | 8.00K | 7.00K | 6.00K |
| Additional Paid-In Capital | 312.96M | 304.95M | 279.06M | 241.51M | 194.81M | 142.51M |
| Retained Earnings | -178.41M | -172.22M | -150.83M | -140.77M | -97.57M | -65.91M |
| Total Common Equity | 134.56M | 132.75M | 128.24M | 100.74M | 97.24M | 76.61M |
| Shareholders' Equity | 134.56M | 132.75M | 128.24M | 100.74M | 97.24M | 76.61M |
| Total Liabilities & Equity | 185.41M | 185.99M | 173.68M | 176.78M | 210.24M | 183.21M |
| Total Debt | 5.38M | 5.74M | 6.47M | 29.55M | 67.78M | 69.97M |
| Net Cash (Debt) | 60.38M | 57.34M | 42.30M | 17.96M | 36.00M | 28.43M |
| Net Cash Per Share | 0.64 | 0.62 | 0.48 | 0.22 | 0.45 | 0.75 |
| Filing Date Shares Outstanding | 91.19M | 93.11M | 91.41M | 85.21M | 82.47M | 81.58M |
| Total Common Shares Outstanding | 91.90M | 93.06M | 91.38M | 85.23M | 82.43M | 81.40M |
| Working Capital | 110.09M | 106.60M | 98.87M | 69.34M | 126.75M | 104.07M |
| Book Value Per Share | 1.46 | 1.43 | 1.40 | 1.18 | 1.18 | 0.94 |
| Tangible Book Value | 122.16M | 119.15M | 112.01M | 88.25M | 90.36M | 70.26M |
| Tangible Book Value Per Share | 1.33 | 1.28 | 1.23 | 1.04 | 1.10 | 0.86 |
| Land | 4.15M | 4.15M | 4.15M | 4.15M | 4.15M | 4.15M |
| Buildings | 9.21M | 9.21M | 6.49M | 6.49M | 6.49M | 6.49M |
| Machinery | 2.02M | 2.05M | 2.10M | 2.10M | 1.88M | 1.77M |
| Construction In Progress | 2.57M | 2.57M | 2.55M | 2.39M | ||
| Leasehold Improvements | 7.78M | 7.79M | 7.94M | 7.94M | 6.95M | 7.11M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -15.62M | -21.39M | -10.05M | -41.46M | -27.01M | -13.56M |
| Depreciation & Amortization | 817.00K | 760.00K | 914.00K | 1.86M | 2.79M | 2.90M |
| Other Amortization | 8.36M | 7.83M | 5.95M | 3.56M | 2.64M | 2.33M |
| Asset Writedown & Restructuring Costs | 989.00K | 603.00K | 727.00K | 923.00K | 881.00K | 319.00K |
| Stock-Based Compensation | 24.85M | 26.58M | 33.54M | 41.21M | 52.33M | 14.57M |
| Other Operating Activities | 628.00K | 580.00K | 505.00K | 501.00K | 692.00K | -127.00K |
| Change in Accounts Receivable | 252.00K | -355.00K | 704.00K | 2.22M | -1.34M | -6.01M |
| Change in Accounts Payable | -916.00K | 91.00K | -1.09M | 228.00K | -2.69M | 1.42M |
| Change in Other Net Operating Assets | -6.76M | 5.39M | -7.32M | -7.49M | 4.58M | 3.63M |
| Operating Cash Flow | 12.60M | 20.09M | 23.88M | 1.56M | 32.88M | 5.49M |
| Capital Expenditures | -17.00K | -1.38M | -585.00K | -2.71M | ||
| Sale of Property, Plant & Equipment | 5.00K | |||||
| Sale (Purchase) of Intangibles | -4.37M | -3.54M | -7.63M | -5.91M | -1.62M | -4.91M |
| Investing Cash Flow | -4.37M | -3.56M | -7.63M | -7.29M | -2.20M | -7.61M |
| Long-Term Debt Issued | 45.00M | |||||
| Total Debt Issued | 45.00M | |||||
| Long-Term Debt Repaid | -140.00K | -22.80M | -45.10M | -1.39M | -25.96M | |
| Total Debt Repaid | -146.00K | -140.00K | -22.80M | -45.10M | -1.39M | -25.96M |
| Net Debt Issued (Repaid) | -146.00K | -140.00K | -22.80M | -45.10M | -1.39M | 19.04M |
| Issuance of Common Stock | 7.24M | 6.64M | 4.52M | 4.57M | 4.47M | 61.53M |
| Repurchase of Common Stock | -14.52M | -9.10M | -3.72M | -4.78M | -11.36M | |
| Other Financing Activities | 6.39M | -153.00K | -71.00K | |||
| Financing Cash Flow | -1.04M | -2.74M | -22.07M | -45.32M | -8.28M | 80.56M |
| Net Cash Flow | 7.19M | 13.79M | -5.82M | -51.05M | 22.39M | 78.44M |
| Free Cash Flow | 12.60M | 20.07M | 23.88M | 175.00K | 32.29M | 2.78M |
| Free Cash Flow Margin | 9.12% | 14.12% | 17.15% | 0.12% | 19.05% | 1.95% |
| Free Cash Flow Per Share | 0.14 | 0.22 | 0.27 | 0.00 | 0.40 | 0.07 |
| Levered Free Cash Flow | 20.03M | 25.16M | 25.67M | 9.69M | 26.11M | -10.07M |
| Unlevered Free Cash Flow | 19.93M | 25.09M | 26.30M | 12.76M | 29.45M | -7.92M |
| Cash Interest Paid | 1.36M | 5.94M | 3.91M | 3.08M | ||
| Cash Income Tax Paid | 2.79M | 5.69M | 5.10M | 3.79M | 975.00K | 6.92M |
| Change in Working Capital | -7.42M | 5.12M | -7.71M | -5.04M | 550.00K | -951.00K |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 214.29M | 140.49M | 298.03M | 206.83M | 724.66M | 3.57B |
| Enterprise Value | 153.91M | 84.96M | 265.41M | 183.28M | 686.76M | 3.61B |
| Last Close Price | 2.35 | 1.51 | 3.35 | 2.47 | 8.83 | 44.00 |
| Forward PE | 24.30 | 8.56 | 13.85 | 17.68 | 31.95 | 135.63 |
| PS Ratio | 1.55 | 0.99 | 2.14 | 1.37 | 4.28 | 24.98 |
| PB Ratio | 1.60 | 1.06 | 2.32 | 2.05 | 7.45 | 46.56 |
| P/TBV Ratio | 1.75 | 1.18 | 2.66 | 2.34 | 8.02 | 50.78 |
| P/FCF Ratio | 17.01 | 7.00 | 12.48 | 1,181.87 | 22.44 | 1,283.23 |
| P/OCF Ratio | 17.01 | 6.99 | 12.48 | 132.67 | 22.04 | 650.27 |
| PEG Ratio | 3.52 | 3.52 | 3.52 | 0.96 | 1.11 | |
| EV/Sales Ratio | 1.11 | 0.60 | 1.91 | 1.22 | 4.05 | 25.31 |
| EV/EBITDA Ratio | 2,823.54 | |||||
| EV/FCF Ratio | 12.21 | 4.23 | 11.12 | 1,047.32 | 21.27 | 1,300.28 |
| Debt / Equity Ratio | 0.04 | 0.04 | 0.05 | 0.29 | 0.70 | 0.91 |
| Debt / EBITDA Ratio | 3.83 | |||||
| Debt / FCF Ratio | 0.43 | 0.29 | 0.27 | 168.88 | 2.10 | 25.17 |
| Net Debt / Equity Ratio | -0.45 | -0.43 | -0.33 | -0.18 | -0.37 | -0.37 |
| Net Debt / EBITDA Ratio | 4.62 | 2.86 | -450.05 | 0.57 | 2.89 | 3.87 |
| Net Debt / FCF Ratio | -4.79 | -2.86 | -1.77 | -102.61 | -1.11 | -10.23 |
| Asset Turnover | 0.74 | 0.79 | 0.80 | 0.78 | 0.86 | 1.05 |
| Quick Ratio | 1.76 | 1.64 | 1.63 | 0.95 | 2.03 | 2.23 |
| Current Ratio | 3.50 | 3.30 | 3.60 | 2.02 | 3.10 | 2.94 |
| Return on Equity (ROE) | -11.73% | -16.39% | -8.78% | -41.88% | -31.07% | -29.90% |
| Return on Assets (ROA) | -4.66% | -7.23% | -0.29% | -10.71% | -4.84% | -4.73% |
| Return on Invested Capital (ROIC) | -18.30% | -25.81% | -0.97% | -46.03% | -27.84% | -25.77% |
| Return on Capital Employed (ROCE) | -9.80% | -14.90% | -0.60% | -30.40% | -10.20% | -7.90% |
| Earnings Yield | -7.10% | -15.22% | -3.37% | -20.04% | -3.73% | -0.38% |
| FCF Yield | 5.88% | 14.29% | 8.01% | 0.08% | 4.46% | 0.08% |
| Buyback Yield / Dilution | -4.00% | -5.61% | -5.92% | -2.11% | -112.38% | -38.70% |