Expensify, Inc. (EXFY) Financial Statements
Industry: Prepackaged Software (Services)
In fiscal 2025, Expensify reported revenue of $142.1M, up 2.1% from $139.2M the year before. Net income was -$21.4M (a -15.1% net margin), or -$0.23 per diluted share. Gross margin was 50.3% and operating margin was -12.7%. Operating activities generated $20.1M of cash, leaving $20.1M of free cash flow. At fiscal year end, Expensify held $186.0M in total assets against $53.2M in total liabilities, including $63.1M of cash and equivalents.
Open the full interactive Expensify financials → Quarterly statements, key ratios, valuation history and price charts.
Expensify Key Stats
| Share Price | $2.44 |
|---|---|
| Market Cap | $232.9M |
| Revenue YoY Growth | +2.1% |
| 52-Week Range | $0.75 – $2.72 |
| Shares Outstanding | 95.4 million (basic, 2026 Q2) |
Expensify Income Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $142.8M | $169.5M | $150.7M | $139.2M | $142.1M |
| Cost of Goods Sold | $2.9M | $6.2M | $10.1M | $7.2M | — |
| Gross Profit | $89.1M | $106.8M | $83.8M | $75.0M | $71.5M |
| Operating Income | -$10.3M | -$15.2M | -$33.1M | -$820,000 | -$18.0M |
| Pre-Tax Income | -$13.7M | -$20.6M | -$38.5M | -$2.4M | -$16.3M |
| Income Tax | -$174,000 | $6.4M | $3.0M | $7.7M | $5.1M |
| Net Income | -$13.6M | -$27.0M | -$41.5M | -$10.1M | -$21.4M |
| Diluted EPS | -$0.36 | -$0.33 | -$0.50 | -$0.12 | -$0.23 |
Expensify Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $35.1M | $35.2M | $34.0M | $33.9M |
| Net Income | -$2.3M | -$7.1M | -$2.3M | -$3.9M |
| Diluted EPS | -$0.03 | -$0.08 | -$0.02 | -$0.04 |
Expensify Balance Sheet
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Cash & Equivalents | $98.4M | $103.8M | $47.5M | $48.8M | $63.1M |
| Current Assets | $157.6M | $187.1M | $137.2M | $136.9M | $153.0M |
| Total Assets | $183.2M | $210.2M | $176.8M | $173.7M | $186.0M |
| Current Liabilities | $53.6M | $60.4M | $67.9M | $38.0M | $46.4M |
| Total Long-Term Debt | $52.6M | $52.0M | $7.7M | — | — |
| Total Liabilities | $106.6M | $113.0M | $76.0M | $45.4M | $53.2M |
| Shareholders' Equity | $76.6M | $97.2M | $100.7M | $128.2M | $132.7M |
Expensify Cash Flow Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Cash From Operations | $5.5M | $32.9M | $1.6M | $23.9M | $20.1M |
| Cash From Investing | -$7.6M | -$2.2M | -$7.3M | -$7.6M | -$3.6M |
| Cash From Financing | $80.6M | -$8.3M | -$45.3M | -$22.1M | -$2.7M |
| Free Cash Flow | $2.8M | $32.3M | $175,000 | $23.9M | $20.1M |
Figures from Expensify's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Expensify financials page for every line item.
Expensify Company Profile
| Ticker | EXFY |
|---|---|
| Exchange | Nasdaq |
| Industry | Prepackaged Software (Services) |
| Headquarters | San Francisco, California |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Accelerated filer, smaller reporting company |
| SEC CIK | 0001476840 |
Frequently Asked Questions
What was Expensify's revenue in fiscal 2025?
Expensify (EXFY) reported revenue of $142.1M for fiscal 2025.
What is Expensify's annual revenue history?
Expensify's annual revenue by fiscal year: 2021: $142.8M; 2022: $169.5M; 2023: $150.7M; 2024: $139.2M; 2025: $142.1M.
What was Expensify's net income in fiscal 2025?
Expensify reported net income of -$21.4M for fiscal 2025.
What was Expensify's earnings per share (EPS) in fiscal 2025?
Expensify's diluted EPS was -$0.23 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Expensify generate in fiscal 2025?
Expensify generated $20.1M of free cash flow in fiscal 2025.
What was Expensify's revenue last quarter?
In its most recent reported quarter (2026 Q2), Expensify reported revenue of $33.9M.
How many shares of Expensify are outstanding?
Expensify reported a weighted average of 95.4 million basic shares outstanding in 2026 Q2.
What is Expensify's market cap?
Based on its latest closing price, Expensify (EXFY) has a market capitalization of about $232.9M.
When does Expensify's fiscal year end?
Expensify's fiscal year end, as registered with the SEC, is December 31.
Where is Expensify headquartered?
Expensify lists its business address in San Francisco, California in its SEC filings.