Expensify, Inc. (EXFY)

Expensify Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	144.25	139.24	150.69	169.5	142.84	88.07
Revenue Growth (YoY)	4.13%	-7.60%	-11.10%	18.67%	62.18%	9.46%
Cost of Revenue	70.31	64.24	66.89	62.67	53.69	32.41
Gross Profit	73.94	75	83.8	106.83	89.14	55.66
Selling, General & Admin	62.18	51.18	93.58	108.37	88.41	43.26
Research & Development	22.84	24.64	23.37	13.69	10.99	6.73
Operating Expenses	85.01	75.82	116.95	122.06	99.39	49.99
Operating Income	-11.07	-0.82	-33.15	-15.23	-10.25	5.67
Interest Expense	-1.57	-1.57	-5.33	-5.41	-3.48	-2.72
Pretax Income	-10.22	-2.39	-38.48	-20.64	-13.73	2.95
Income Tax Expense	5.25	7.66	2.98	6.37	-0.17	4.66
Net Income	-15.47	-10.06	-41.46	-27.01	-13.56	-1.71
Net Income to Common	-15.47	-10.06	-41.46	-27.01	-13.56	-1.71
Shares Outstanding (Basic)	90	87	82	81	38	27
Shares Outstanding (Diluted)	90	87	82	81	38	27
Shares Change (YoY)	6.11%	5.92%	2.11%	112.38%	38.70%	5.80%
EPS (Basic)	-0.17	-0.12	-0.50	-0.33	-0.36	-0.06
EPS (Diluted)	-0.17	-0.12	-0.50	-0.33	-0.36	-0.06
Free Cash Flow	24.79	23.88	0.18	32.29	2.78	5.1
Free Cash Flow Per Share	0.28	0.27	0.00	0.40	0.07	0.19
Gross Margin	51.26%	53.86%	55.61%	63.03%	62.41%	63.20%
Operating Margin	-7.67%	-0.59%	-22.00%	-8.99%	-7.18%	6.44%
Profit Margin	-10.72%	-7.22%	-27.51%	-15.93%	-9.49%	-1.94%
Free Cash Flow Margin	17.19%	17.15%	0.12%	19.05%	1.95%	5.79%
EBITDA	-10.37	0.09	-31.29	-12.44	-7.36	7.92
EBITDA Margin	-7.19%	0.07%	-20.76%	-7.34%	-5.15%	8.99%
D&A For EBITDA	0.7	0.91	1.86	2.79	2.9	2.25
EBIT	-11.07	-0.82	-33.15	-15.23	-10.25	5.67
EBIT Margin	-7.67%	-0.59%	-22.00%	-8.99%	-7.18%	6.44%
Effective Tax Rate	-	-	-	-	-	157.93%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q