Expensify Cash Flow Statement

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
Net Income	-15.58	-10.06	-41.46	-27.01	-13.56	-1.71
Depreciation & Amortization	0.74	0.91	1.86	2.79	2.9	2.25
Other Amortization	7.49	5.95	3.56	2.64	2.33	1.03
Asset Writedown & Restructuring Costs	0.54	0.73	0.92	0.88	0.32	0.16
Stock-Based Compensation	31.58	33.54	41.21	52.33	14.57	17.84
Other Operating Activities	0.56	0.51	0.5	0.69	-0.13	4.66
Change in Accounts Receivable	-0.09	0.7	2.22	-1.34	-6.01	-2.17
Change in Accounts Payable	-0.29	-1.09	0.23	-2.69	1.42	-0.71
Change in Other Net Operating Assets	0.35	-7.32	-7.49	4.58	3.63	-13.76
Operating Cash Flow	25.29	23.88	1.56	32.88	5.49	7.59
Operating Cash Flow Growth	58.73%	1431.56%	-95.26%	499.27%	-27.67%	-38.98%
Capital Expenditures	-0.02	-	-1.38	-0.59	-2.71	-2.49
Sale of Property, Plant & Equipment	-	-	-	0.01	-	0
Sale (Purchase) of Intangibles	-3.67	-7.63	-5.91	-1.62	-4.91	-1.81
Investing Cash Flow	-3.69	-7.63	-7.29	-2.2	-7.61	-4.3
Short-Term Debt Issued	-	-	-	-	-	9.61
Long-Term Debt Issued	-	-	-	-	45	-
Total Debt Issued	-	-	-	-	45	9.61
Short-Term Debt Repaid	-	-	-	-	-	-1
Long-Term Debt Repaid	-	-22.8	-45.1	-1.39	-25.97	-1.13
Total Debt Repaid	-0.14	-22.8	-45.1	-1.39	-25.97	-2.13
Net Debt Issued (Repaid)	-0.14	-22.8	-45.1	-1.39	19.04	7.49
Issuance of Common Stock	5.99	4.52	4.57	4.47	61.53	1.3
Repurchase of Common Stock	-8.24	-3.72	-4.78	-11.36	-	-
Other Financing Activities	-0.09	-0.07	-	-	-	-
Financing Cash Flow	-2.48	-22.07	-45.32	-8.28	80.57	8.79
Net Cash Flow	19.13	-5.82	-51.05	22.4	78.44	12.08
Free Cash Flow	25.27	23.88	0.18	32.29	2.78	5.1
Free Cash Flow Growth	61.47%	13544.00%	-99.46%	1061.55%	-45.46%	-44.57%
Free Cash Flow Margin	17.56%	17.15%	0.12%	19.05%	1.95%	5.79%
Free Cash Flow Per Share	0.28	0.27	0.00	0.40	0.07	0.19
Cash Interest Paid	0.04	1.36	5.94	3.91	3.08	2.93
Cash Income Tax Paid	6.22	5.07	3.79	0.98	6.92	0.15
Levered Free Cash Flow	30.82	25.38	9.69	26.11	-10.07	14.43
Unlevered Free Cash Flow	31.71	26.3	12.76	29.45	-7.92	16.1
Change in Working Capital	-0.03	-7.71	-5.04	0.55	-0.95	-16.65

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

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