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Financials · EXFY

Expensify Inc. (EXFY) financials

For the twelve months ended Sep 30, 2026, Expensify Inc. reported $136.05M of revenue and -$16.64M of net income.

Revenue, TTM
$136.05M
Revenue growth, YoY
-5.5%
Net income, TTM
-$16.64M
Net margin
-12.2%
EPS, diluted, TTM
-$0.17
Cash
$63.75M
P/S
1.37
Market cap
$186.5M
Annual revenue$142.10M
FY2019FY2025
Annual net income-$21.39M
FY2019FY2025
Annual free cash flow$20.07M
FY2019FY2025

EXFY revenue and earnings growth

EXFY revenueQ3 2026$33.02M

Quarter YoY
-5.8%
QoQ
-2.5%
FY YoY
+2.1%
5Y CAGR
+10.0%

EXFY revenue was $33.02M in fiscal Q3 2026 (ended Sep 30, 2026), down 5.8% from a year earlier and down 2.5% from the prior quarter. For the full fiscal 2025 it was $142.10M, up 2.1% from fiscal 2024. Compound annual growth was +10.0% over 5 years. It rose in 4 of the last 6 fiscal years.

EXFY net incomeQ3 2026-$3.33M

EXFY net income was -$3.33M in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$2.31M a year earlier. For the full fiscal 2025 it was -$21.39M, compared with -$10.05M in fiscal 2024.

EXFY EPSQ3 2026-$0.04

EXFY diluted EPS was -$0.04 in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$0.03 a year earlier. For the full fiscal 2025 it was -$0.23, compared with -$0.12 in fiscal 2024.

EXFY free cash flowQ3 2026$3.79M

FY YoY
-15.9%
5Y CAGR
+31.5%

EXFY free cash flow was $3.79M in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$980.0K a year earlier. For the full fiscal 2025 it was $20.07M, down 15.9% from fiscal 2024. Compound annual growth was +31.5% over 5 years. It rose in 2 of the last 6 fiscal years.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
Revenue$142.10M$139.24M$150.69M$169.50M$142.84M$88.07M$80.46M
Cost of revenue$70.57M$64.24M$66.89M$62.67M$53.69M$32.41M$31.98M
Gross profit$71.53M$75.00M$83.80M$106.83M$89.14M$55.66M$48.48M
Research and development$20.68M$24.64M$23.37M$13.69M$10.99M$6.73M$4.11M
Selling, general and admin$42.12M$38.38M$49.23M$58.49M$60.74M$33.37M$15.93M
Operating income-$18.02M-$820.0K-$33.15M-$15.23M-$10.25M$5.67M$1.25M
Interest expense$100.0K$1.10M$5.20M$4.50M$3.10M$2.90M-
Pre-tax income-$16.29M-$2.39M-$38.48M-$20.64M-$13.73M$2.95M-$1.51M
Income tax$5.10M$7.66M$2.98M$6.37M-$174.0K$4.66M-$2.75M
Net income-$21.39M-$10.05M-$41.46M-$27.01M-$13.56M-$1.71M$1.24M
EPS, basic-$0.23-$0.12-$0.50-$0.33-$0.36-$0.06$0.00
EPS, diluted-$0.23-$0.12-$0.50-$0.33-$0.36-$0.06$0.00
Diluted shares92.3M87.4M82.5M80.8M38.0M27.4M25.9M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
Cash and equivalents$63.08M$90.83M$96.66M$103.79M$125.31M$46.88M$34.80M
Receivables$12.62M$12.70M$13.83M$16.45M$15.71M$10.02M-
Current assets$153.01M$136.88M$137.23M$187.12M$157.64M$63.66M-
Total assets$185.99M$173.68M$176.78M$210.24M$183.21M$87.73M-
Current liabilities$46.41M$38.01M$67.89M$60.36M$53.58M$39.20M-
Short-term debt-$0$7.66M$551.0K$549.0K$2.45M-
Long-term debt--$0$51.43M$52.07M$30.32M-
Total debt--$7.66M$51.98M$52.62M$32.77M-
Total liabilities$53.24M$45.44M$76.04M$113.00M$106.60M$73.66M-
Shareholders' equity$132.75M$128.24M$100.74M$97.24M$76.61M-$31.04M-$48.46M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
Operating cash flow$20.09M$23.88M$1.56M$32.88M$5.49M$7.58M$12.43M
Capital expenditures$17.0K$0$1.38M$585.0K$2.71M$2.49M$3.23M
Free cash flow$20.07M$23.88M$175.0K$32.29M$2.78M$5.10M$9.20M
Investing cash flow-$3.56M-$7.63M-$7.29M-$2.20M-$7.61M-$4.29M-$4.90M
Financing cash flow-$2.74M-$22.07M-$45.32M-$8.28M$80.56M$8.79M$5.14M
Share repurchases$9.10M$1.51M$3.00M$6.00M$0$0$14.0K
Stock-based compensation$26.58M$33.54M$41.21M$52.33M$14.57M$17.84M$1.71M
Depreciation and amortization$8.46M$6.81M$5.16M$5.39M$5.20M$3.25M$2.85M

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
Revenue growth, YoY2.1%-7.6%-11.1%18.7%62.2%9.5%-
Gross margin50.3%53.9%55.6%63.0%62.4%63.2%60.2%
Operating margin-12.7%-0.6%-22.0%-9.0%-7.2%6.4%1.5%
Net margin-15.1%-7.2%-27.5%-15.9%-9.5%-1.9%1.5%
Free cash flow margin14.1%17.1%0.1%19.1%1.9%5.8%11.4%
Return on equity-16.1%-7.8%-41.1%-27.8%-17.7%--
Return on assets-11.5%-5.8%-23.5%-12.8%-7.4%-1.9%-
Current ratio3.303.602.023.102.941.62-
Debt to equity--0.080.530.69--

Source: XBRL data Expensify Inc. files with the SEC, latest filing dated Nov 5, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

EXFY peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
EXFY$136.05M-5.5%-$16.64M-12.2%$186.5M
MSFT$346.44B+17.9%$142.63B41.2%$3.94T
PLTR$7.29B+87.1%$3.67B50.3%$386.44B
ORCL$71.78B+21.6%$18.92B26.4%$351.04B
SAP€36.80B+7.7%€7.16B19.5%$286.79B
CRWD$5.40B+24.3%$58.46M1.1%$222.09B
SHOP$14.17B+32.5%$2.13B15.0%$191.58B
CRM$43.94B+11.2%$9.66B22.0%$175.83B
NOW$15.43B+21.8%$1.45B9.4%$105.84B

EXFY FAQ

8 questions
  • What is EXFY revenue?
    Expensify Inc. (EXFY) reported $136.05M of revenue for the twelve months ended Sep 30, 2026. That is down 5.5% from the year before. Revenue for fiscal 2025 was $142.10M.
  • Is EXFY profitable?
    No. Expensify Inc. reported a net loss of $16.64M for the twelve months ended Sep 30, 2026.
  • How much cash and debt does EXFY have?
    Expensify Inc. reported $63.75M in cash and cash equivalents on its most recent balance sheet in SEC filings.
  • How fast is EXFY revenue growing?
    Expensify Inc.'s revenue changed +2.1% in fiscal 2025, to $142.10M. Its compound annual growth rate was +10.0% over 5 years.
  • What is EXFY gross margin?
    Expensify Inc.'s gross profit was $64.74M on $136.05M of revenue for the twelve months ended Sep 30, 2026, a gross margin of 47.6%.
  • What is EXFY earnings per share?
    Diluted earnings per share were -$0.17 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did EXFY last report financial results?
    The latest statements here come from Expensify Inc.'s 10-Q filed on Nov 5, 2026, covering the period ended Sep 30, 2026.
  • Where does this EXFY financial data come from?
    Quantisnow builds these statements from the structured XBRL data Expensify Inc. files with the SEC. It is provided for information only and is not investment advice.