Expensify, Inc. (EXFY)

Expensify Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	137.44	150.69	169.5	142.84	88.07	80.46
Revenue Growth (YoY)	-13.53%	-11.10%	18.66%	62.18%	9.46%	-
Cost of Revenue	62.6	66.89	62.67	53.69	32.41	31.99
Gross Profit	74.84	83.8	106.83	89.14	55.66	48.48
Selling, General & Admin	57.93	93.58	108.37	88.41	43.26	43.12
Research & Development	24.19	23.37	13.69	10.99	6.73	4.11
Operating Expenses	82.11	116.95	122.06	99.39	49.99	47.23
Operating Income	-7.27	-33.15	-15.23	-10.25	5.67	1.25
Interest Expense	-5.33	-5.33	-5.41	-3.48	-2.72	-2.76
Pretax Income	-8.47	-38.48	-20.64	-13.73	2.95	-1.51
Income Tax Expense	7.47	2.98	6.37	-0.17	4.66	-2.75
Net Income	-15.95	-41.46	-27.01	-13.56	-1.71	1.24
Preferred Dividends & Other Adjustments	-	-	-	-	-	1.24
Net Income to Common	-15.95	-41.46	-27.01	-13.56	-1.71	-
Shares Outstanding (Basic)	86	82	81	38	27	26
Shares Outstanding (Diluted)	86	82	81	38	27	26
Shares Change (YoY)	4.82%	2.11%	112.38%	38.71%	5.80%	-
EPS (Basic)	-0.19	-0.50	-0.33	-0.36	-0.06	-
EPS (Diluted)	-0.19	-0.50	-0.33	-0.36	-0.06	-
Free Cash Flow	15.65	0.18	32.29	2.78	5.1	9.2
Free Cash Flow Per Share	0.18	0.00	0.40	0.07	0.19	0.35
Gross Margin	54.45%	55.61%	63.03%	62.41%	63.20%	60.25%
Operating Margin	-5.29%	-22.00%	-8.99%	-7.18%	6.44%	1.55%
Profit Margin	-11.60%	-27.51%	-15.93%	-9.49%	-1.94%	-
Free Cash Flow Margin	11.39%	0.12%	19.05%	1.95%	5.79%	11.43%
EBITDA	-6.23	-31.29	-12.44	-7.36	7.92	3.49
EBITDA Margin	-4.53%	-20.76%	-7.34%	-5.15%	8.99%	4.34%
D&A For EBITDA	1.04	1.86	2.79	2.9	2.25	2.25
EBIT	-7.27	-33.15	-15.23	-10.25	5.67	1.25
EBIT Margin	-5.29%	-22.00%	-8.99%	-7.18%	6.44%	1.55%
Effective Tax Rate	-	-	-	-	157.93%	-

Source: S&P Capital IQ. Standard template. Financial Sources.