Expensify Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	144.12	150.69	169.5	142.84	88.07	80.46
Revenue Growth (YoY)	-14.83%	-11.10%	18.66%	62.18%	9.46%	-
Cost of Revenue	65.7	66.89	62.67	53.69	32.41	31.99
Gross Profit	78.42	83.8	106.83	89.14	55.66	48.48
Selling, General & Admin	86.78	93.58	108.37	88.41	43.26	43.12
Research & Development	23.88	23.37	13.69	10.99	6.73	4.11
Operating Expenses	110.66	116.95	122.06	99.39	49.99	47.23
Operating Income	-32.24	-33.15	-15.23	-10.25	5.67	1.25
Interest Expense / Income	4.87	5.33	5.41	3.48	2.72	2.76
Pretax Income	-37.1	-38.48	-20.64	-13.73	2.95	-1.51
Income Tax	2.19	2.98	6.37	-0.17	4.66	-2.75
Net Income	-39.29	-41.46	-27.01	-13.56	-1.71	1.24
Preferred Dividends	0	0	0	0	0	1.24
Net Income Common	-39.29	-41.46	-27.01	-13.56	-1.71	0
Shares Outstanding (Basic)	85	82	81	38	27	26
Shares Outstanding (Diluted)	85	82	81	38	27	26
Shares Change	4.13%	2.11%	112.38%	38.71%	5.80%	-
EPS (Basic)	-0.47	-0.50	-0.33	-0.36	-0.06	-
EPS (Diluted)	-0.47	-0.50	-0.33	-0.36	-0.06	-
Free Cash Flow	-11.84	-5.74	30.68	-2.13	3.29	7.53
Free Cash Flow Per Share	-0.14	-0.07	0.38	-0.06	0.12	0.29
Gross Margin	54.42%	55.61%	63.03%	62.41%	63.20%	60.25%
Operating Margin	-22.37%	-22.00%	-8.99%	-7.18%	6.44%	1.55%
Profit Margin	-27.26%	-27.51%	-15.93%	-9.49%	-1.94%	-
Free Cash Flow Margin	-8.21%	-3.81%	18.10%	-1.49%	3.74%	9.35%
Effective Tax Rate	-	-	-	-	157.93%	-
EBITDA	-26.5	-27.37	-9.18	-4.31	10.23	5.28
EBITDA Margin	-18.38%	-18.16%	-5.41%	-3.02%	11.61%	6.57%
Depreciation & Amortization	5.74	5.78	6.05	5.94	4.56	4.04
EBIT	-32.24	-33.15	-15.23	-10.25	5.67	1.25
EBIT Margin	-22.37%	-22.00%	-8.99%	-7.18%	6.44%	1.55%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).