Expensify Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 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	140	142.1	139.24	150.69	169.5	142.84
Revenue Growth (YoY)	-1.26%	2.06%	-7.60%	-11.10%	18.67%	62.18%
Cost of Revenue	70.54	70.57	64.24	66.89	62.67	53.69
Gross Profit	69.46	71.53	75	83.8	106.83	89.14
Selling, General & Admin	67.37	68.86	51.18	93.58	108.37	88.41
Research & Development	20.59	20.68	24.64	23.37	13.69	10.99
Total Operating Expenses	87.96	89.55	75.82	116.95	122.06	99.39
Operating Income	-18.5	-18.02	-0.82	-33.15	-15.23	-10.25
Total Non-Operating Income (Expense)	1.57	1.73	-1.57	-5.33	-5.41	-3.48
Pretax Income	-16.93	-16.29	-2.39	-38.48	-20.64	-13.73
Provision for Income Taxes	3.63	5.1	7.66	2.98	6.37	-0.17
Net Income	-20.56	-21.39	-10.06	-41.46	-27.01	-13.56
Net Income to Common	-20.56	-21.39	-10.06	-41.46	-27.01	-13.56
Shares Outstanding (Basic)	93	92	87	82	81	38
Shares Outstanding (Diluted)	93	92	87	82	81	38
Shares Change (YoY)	4.35%	5.61%	5.92%	2.11%	112.38%	38.70%
EPS (Basic)	-0.23	-0.23	-0.12	-0.50	-0.33	-0.36
EPS (Diluted)	-0.23	-0.23	-0.12	-0.50	-0.33	-0.36
Shares Outstanding	96.43	93.06	91.38	85.23	82.43	81.4
Free Cash Flow	15.39	20.07	23.88	0.18	32.29	2.78
Free Cash Flow Growth	-23.31%	-15.94%	13544.00%	-99.46%	1061.55%	-45.46%
Free Cash Flow Per Share	0.17	0.22	0.27	0.00	0.40	0.07
Gross Margin	49.61%	50.34%	53.86%	55.61%	63.03%	62.41%
Operating Margin	-13.22%	-12.68%	-0.59%	-22.00%	-8.99%	-7.18%
Profit Margin	-14.68%	-15.05%	-7.22%	-27.51%	-15.93%	-9.49%
FCF Margin	11.00%	14.13%	17.15%	0.12%	19.05%	1.95%
EBITDA	-9.77	-9.56	5.99	-27.99	-9.84	-5.06
EBITDA Margin	-6.98%	-6.73%	4.30%	-18.57%	-5.81%	-3.54%
EBIT	-18.5	-18.02	-0.82	-33.15	-15.23	-10.25
EBIT Margin	-13.22%	-12.68%	-0.59%	-22.00%	-8.99%	-7.18%
Effective Tax Rate	-21.42%	-31.28%	-320.36%	-7.75%	-30.84%	1.27%

Updated May 7, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q