Expensify Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	61.45	48.77	47.51	103.79	98.4	34.4
Cash & Short-Term Investments	61.45	48.77	47.51	103.79	98.4	34.4
Cash Growth	56.88%	2.66%	-54.22%	5.48%	186.03%	244.35%
Accounts Receivable	12.31	12.7	13.83	16.45	15.72	11.19
Other Receivables	2.95	0.43	2.99	2.47	5.41	-
Receivables	15.26	13.13	16.83	18.92	21.15	11.79
Prepaid Expenses	4.17	12.09	5.65	8.83	7.44	0.93
Restricted Cash	33.09	29.65	27.48	30	21.35	10.47
Other Current Assets	38.62	33.24	39.77	25.58	9.31	6.07
Total Current Assets	152.6	136.88	137.23	187.12	157.64	63.66
Property, Plant & Equipment	18.11	19.06	20.81	15.24	18.13	19.1
Other Intangible Assets	14.62	16.23	12.49	6.88	6.36	3.72
Long-Term Deferred Tax Assets	0.5	0.5	0.46	0.34	0.37	0.42
Other Long-Term Assets	1.01	1.01	5.79	0.66	0.71	0.83
Total Assets	186.84	173.68	176.78	210.24	183.21	87.73
Accounts Payable	0.71	0.2	1.43	1.06	3.75	2.33
Accrued Expenses	4.49	5.13	5.49	7.38	9.77	3.33
Short-Term Debt	-	-	15	15	15	15
Current Portion of Long-Term Debt	-	-	7.66	0.55	0.55	2.45
Current Portion of Leases	0.72	0.73	0.43	0.8	1.55	1.58
Current Income Taxes Payable	0.18	0.93	0.84	-	-	-
Other Current Liabilities	38.29	31.02	37.05	35.57	22.95	14.51
Total Current Liabilities	44.39	38.01	67.89	60.36	53.58	39.2
Long-Term Debt	-	-	-	51.43	52.07	30.32
Long-Term Leases	5.21	5.74	6.47	-	0.8	2.35
Long-Term Deferred Tax Liabilities	-	-	-	-	-	0.92
Other Long-Term Liabilities	1.57	1.69	1.68	1.2	0.15	0.88
Total Liabilities	51.18	45.44	76.04	113	106.6	73.66
Common Stock	0.01	0.01	0.01	0.01	0.01	-
Additional Paid-In Capital	300.75	279.06	241.51	194.81	142.52	21.31
Retained Earnings	-165.1	-150.83	-140.77	-97.57	-65.91	-52.35
Total Common Equity	135.66	128.24	100.74	97.24	76.62	-31.04
Shareholders' Equity	135.66	128.24	100.74	97.24	76.62	14.07
Total Liabilities & Equity	186.84	173.68	176.78	210.24	183.21	87.73
Total Debt	5.93	6.47	29.55	67.79	69.97	51.7
Net Cash (Debt)	55.53	42.31	17.96	36	28.43	-17.3
Net Cash Growth	70.25%	135.60%	-50.13%	26.63%	-	-
Net Cash Per Share	0.61	0.48	0.22	0.45	0.75	-0.63
Filing Date Shares Outstanding	93.04	91.41	85.21	82.47	81.58	29.37
Total Common Shares Outstanding	93.03	91.38	85.23	82.43	81.4	29.37
Working Capital	108.2	98.87	69.34	126.75	104.07	24.46
Book Value Per Share	1.46	1.40	1.18	1.18	0.94	-1.06
Tangible Book Value	121.04	112.01	88.25	90.36	70.26	-34.76
Tangible Book Value Per Share	1.30	1.23	1.04	1.10	0.86	-1.18
Land	4.15	4.15	4.15	4.15	4.15	4.15
Buildings	9.21	6.49	6.49	6.49	6.49	6.49
Machinery	2.11	2.1	2.1	1.88	1.77	2.14
Construction In Progress	-	2.57	2.57	2.55	2.39	0.3
Leasehold Improvements	7.79	7.94	7.94	6.95	7.11	6.94

Updated Nov 6, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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