Expensify, Inc. (EXFY)

NASDAQ: EXFY · Real-Time Price · USD

2.690

+0.710 (35.86%)

At close: Aug 7, 2026, 4:00 PM EDT

2.780

+0.090 (3.35%)

After-hours: Aug 7, 2026, 6:32 PM EDT

Expensify Financials Overview

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

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	138.1	142.1	139.24	150.69	169.5	142.84
Revenue Growth	-4.26%	2.06%	-7.60%	-11.10%	18.67%	62.18%
Gross Profit	67.21	71.53	75	83.8	106.83	89.14
Operating Income	-11.09	-18.02	-0.82	-33.15	-15.23	-10.25
Net Income	-15.62	-21.39	-10.06	-41.46	-27.01	-13.56
Earnings Per Share	-0.17	-0.23	-0.12	-0.50	-0.33	-0.36
EPS Growth	-	-	-	-	-	-

Revenue by Geography

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
United States	129.64	126.81	137.37	154.79	127.65
ALL Other Locations	12.46	12.43	13.32	14.71	15.18
Total	142.1	139.24	150.69	169.5	142.84

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Investments	65.76	63.08	48.77	47.51	103.79	98.4
Total Debt	5.38	5.74	6.47	29.55	17.56	69.97
Net Cash (Debt)	60.38	57.34	42.31	17.96	86.23	28.43
Net Cash Growth	10.99%	35.54%	135.60%	-79.18%	203.30%	-
Net Cash Per Share	0.64	0.62	0.48	0.22	1.07	0.75

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Cash Flow	14.92	20.09	23.88	1.56	32.88	5.49
Capital Expenditures	0	-0.02	-	-1.38	-0.59	-2.71
Free Cash Flow	14.92	20.07	23.88	0.18	32.29	2.78
Free Cash Flow Growth	-44.97%	-15.94%	13544.00%	-99.46%	1061.55%	-45.46%

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Gross Margin	48.67%	50.34%	53.86%	55.61%	63.03%	62.41%
Operating Margin	-8.03%	-12.68%	-0.59%	-22.00%	-8.99%	-7.18%
Pretax Margin	-7.39%	-11.47%	-1.72%	-25.53%	-12.18%	-9.61%
Profit Margin	-11.31%	-15.05%	-7.22%	-27.51%	-15.93%	-9.49%
FCF Margin	10.80%	14.13%	17.15%	0.12%	19.05%	1.95%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug '26 Aug 7, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Forward PE	25.62	8.56	13.85	17.68	31.95	135.64
P/FCF Ratio	21.86	7.00	12.82	1202.89	22.54	1288.36
PS Ratio	1.88	0.99	2.20	1.40	4.29	25.08