Expensify, Inc. (EXFY)

Expensify Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	142.1	139.24	150.69	169.5	142.84
Revenue Growth (YoY)	2.06%	-7.60%	-11.10%	18.67%	62.18%
Cost of Revenue	70.57	64.24	66.89	62.67	53.69
Gross Profit	71.53	75	83.8	106.83	89.14
Selling, General & Admin	68.86	51.18	93.58	108.37	88.41
Research & Development	20.68	24.64	23.37	13.69	10.99
Operating Expenses	89.55	75.82	116.95	122.06	99.39
Operating Income	-18.02	-0.82	-33.15	-15.23	-10.25
Interest Expense	-	-1.57	-5.33	-5.41	-3.48
Other Non Operating Income (Expenses)	1.73	-	-	-	-
Pretax Income	-16.29	-2.39	-38.48	-20.64	-13.73
Income Tax Expense	5.1	7.66	2.98	6.37	-0.17
Net Income	-21.39	-10.06	-41.46	-27.01	-13.56
Net Income to Common	-21.39	-10.06	-41.46	-27.01	-13.56
Shares Outstanding (Basic)	92	87	82	81	38
Shares Outstanding (Diluted)	92	87	82	81	38
Shares Change (YoY)	5.61%	5.92%	2.11%	112.38%	38.70%
EPS (Basic)	-0.23	-0.12	-0.50	-0.33	-0.36
EPS (Diluted)	-0.23	-0.12	-0.50	-0.33	-0.36
Free Cash Flow	20.07	23.88	0.18	32.29	2.78
Free Cash Flow Per Share	0.22	0.27	0.00	0.40	0.07
Gross Margin	50.33%	53.86%	55.61%	63.03%	62.41%
Operating Margin	-12.68%	-0.59%	-22.00%	-8.99%	-7.18%
Profit Margin	-15.05%	-7.22%	-27.51%	-15.93%	-9.49%
Free Cash Flow Margin	14.12%	17.15%	0.12%	19.05%	1.95%
EBITDA	-9.56	0.09	-31.29	-12.44	-7.36
EBITDA Margin	-6.73%	0.07%	-20.76%	-7.34%	-5.15%
D&A For EBITDA	8.46	0.91	1.86	2.79	2.9
EBIT	-18.02	-0.82	-33.15	-15.23	-10.25
EBIT Margin	-12.68%	-0.59%	-22.00%	-8.99%	-7.18%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q