Expensify, Inc. (EXFY)

Expensify Income Statement

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

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

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q