Company research
Expensify, Inc.
CIK 1476840Updated Sep 27, 2026
SecurityEXFY · NASDAQ · equity
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Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 185,989,000Source | 173,680,000Source | 176,784,000Source | 210,241,000Source |
| Property, Plant and Equipment, NetUSD | 13,016,000Source | 13,621,000Source | 14,372,000Source | 14,492,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 63,080,000Source | 48,772,000Source | 47,510,000Source | 103,787,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 12,617,000Source | 12,701,000Source | 13,834,000Source | 16,448,000Source |
| Assets, CurrentUSD | 153,007,000Source | 136,876,000Source | 137,232,000Source | 187,115,000Source |
| Operating Lease, Right-of-Use AssetUSD | 4,639,000Source | 5,214,000Source | 6,071,000Source | 284,000Source |
| Other Assets, NoncurrentUSD | 1,146,000Source | 1,011,000Source | 5,794,000Source | 664,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 53,244,000Source | 45,437,000Source | 76,040,000Source | 113,000,000Source |
| Stockholders’ equity: | ||||
| Preferred Stock, Value, IssuedUSD | 0Source | 0Source | 0Source | 0Source |
| Common Stock, Value, IssuedUSD | 9,000Source | 9,000Source | 8,000Source | 7,000Source |
| Additional Paid in CapitalUSD | 304,953,000Source | 279,062,000Source | 241,509,000Source | 194,807,000Source |
| Retained Earnings (Accumulated Deficit)USD | -172,217,000Source | -150,828,000Source | -140,773,000Source | -97,573,000Source |
| Stockholders' Equity Attributable to ParentUSD | 132,745,000Source | 128,243,000Source | 100,744,000Source | 97,241,000Source |
| Liabilities and EquityUSD | 185,989,000Source | 173,680,000Source | 176,784,000Source | 210,241,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 46,405,000Source | 38,010,000Source | 67,892,000Source | 60,362,000Source |
| Operating Lease, Liability, CurrentUSD | 578,000Source | 589,000Source | 303,000Source | 328,000Source |
| Accounts Payable, CurrentUSD | 289,000Source | 196,000Source | 1,425,000Source | 1,059,000Source |
| Operating Lease, Liability, NoncurrentUSD | 5,061,000Source | 5,638,000Source | 6,228,000Source | 0Source |
| Other Liabilities, NoncurrentUSD | 1,778,000Source | 1,689,000Source | 1,681,000Source | 1,204,000Source |
| Additional Financial Items | ||||
| Accrued Liabilities, CurrentUSD | — | 157,000Source | 159,000Source | 291,000Source |
| Long-term Debt, Current MaturitiesUSD | — | 0Source | 7,655,000Source | 551,000Source |
| Long-term Debt, Excluding Current MaturitiesUSD | — | — | 0Source | 51,434,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 8,460,000Source | 6,814,000Source | 5,164,000Source | 5,388,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 26,578,000Source | 33,537,000Source | 41,212,000Source | 52,332,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | 355,000Source | — | -2,219,000Source | 1,341,000Source |
| Increase (Decrease) in Accounts PayableUSD | 91,000Source | -1,091,000Source | 228,000Source | -2,693,000Source |
| Deferred Income Tax Expense (Benefit)USD | 5,000Source | -42,000Source | -112,000Source | 29,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 20,089,000Source | 23,877,000Source | 1,559,000Source | 32,876,000Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -3,555,000Source | -7,628,000Source | -7,294,000Source | -2,199,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 17,000Source | 0Source | 1,384,000Source | 585,000Source |
| Cash flows from financing activities: | ||||
| Payment, Tax Withholding, Share-based Payment ArrangementUSD | 0Source | 2,179,000Source | 1,766,000Source | 5,336,000Source |
| Payments for Repurchase of Common StockUSD | 9,095,000Source | 1,510,000Source | 3,000,000Source | 6,000,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -2,744,000Source | -22,073,000Source | -45,317,000Source | -8,282,000Source |
| Repayments of Long-term DebtUSD | 0Source | 22,671,000Source | 44,587,000Source | 595,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 13,790,000Source | -5,824,000Source | -51,052,000Source | 22,395,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 104,624,000Source | 90,834,000Source | 96,658,000Source | 147,710,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 0Source | 1,362,000Source | 5,936,000Source | 3,912,000Source |
| Income Taxes Paid, NetUSD | 5,691,000Source | 5,072,000Source | 3,785,000Source | 975,000Source |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | 26,578,000Source | 33,537,000Source | 44,338,000Source | 52,332,000Source |
| Amortization of Debt Issuance CostsUSD | 133,000Source | 54,000Source | 257,000Source | 42,000Source |
| Capitalized Computer Software, AmortizationUSD | 7,700,000Source | 5,900,000Source | 3,300,000Source | 2,600,000Source |
| DepreciationUSD | 600,000Source | 800,000Source | 1,400,000Source | 2,000,000Source |
| General and Administrative ExpenseUSD | 42,121,000Source | 38,382,000Source | 49,228,000Source | 58,490,000Source |
| Income Tax Expense (Benefit)USD | 5,096,000Source | 7,663,000Source | 2,980,000Source | 6,366,000Source |
| InterestExpenseNonoperatingUSD | 100,000Source | 1,100,000Source | — | — |
| Investment Income, InterestUSD | 1,900,000Source | — | — | — |
| Net Income (Loss) Attributable to ParentUSD | -21,389,000Source | -10,055,000Source | -41,456,000Source | -27,009,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | -21,389,000Source | -10,055,000Source | -41,456,000Source | -27,009,000Source |
| Operating ExpensesUSD | 89,546,000Source | 75,817,000Source | 116,948,000Source | 122,058,000Source |
| Operating Lease, Impairment LossUSD | 575,000Source | 547,000Source | 614,000Source | 666,000Source |
| Other Nonoperating Income (Expense)USD | 1,726,000Source | — | — | — |
| Proceeds from Issuance of Long-term DebtUSD | — | — | 0Source | 0Source |
| Proceeds from Stock Options ExercisedUSD | 323,000Source | 431,000Source | 311,000Source | 795,000Source |
| Share-based Payment Arrangement, Expensed and Capitalized, AmountUSD | 28,196,000Source | 36,225,000Source | 41,212,000Source | — |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 142,101,000Source | 139,236,000Source | 150,687,000Source | 169,495,000Source |
| Cost of RevenueUSD | — | 7,200,000Source | 10,100,000Source | 6,200,000Source |
| Operating Income (Loss)USD | -18,019,000Source | -820,000Source | -33,149,000Source | -15,232,000Source |
| Other Nonoperating Income (Expense)USD | 1,726,000Source | — | — | — |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -16,293,000Source | -2,392,000Source | -38,476,000Source | -20,643,000Source |
| Income Tax Expense (Benefit)USD | 5,096,000Source | 7,663,000Source | 2,980,000Source | 6,366,000Source |
| Net Income (Loss) Attributable to ParentUSD | -21,389,000Source | -10,055,000Source | -41,456,000Source | -27,009,000Source |
| Earnings Per Share, BasicUSD per share | -0.23Source | -0.12Source | -0.5Source | -0.33Source |
| Earnings Per Share, DilutedUSD per share | -0.23Source | -0.12Source | -0.5Source | -0.33Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 92,283,974Source | 87,380,708Source | 82,493,226Source | 80,786,725Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 92,283,974Source | 87,380,708Source | 82,493,226Source | 80,786,725Source |
| Interest Expense (non-operating)USD | 100,000Source | 1,100,000Source | — | — |
| Additional Financial Items | ||||
| Capitalized Computer Software, AmortizationUSD | 7,700,000Source | 5,900,000Source | 3,300,000Source | 2,600,000Source |
| Current Income Tax Expense (Benefit)USD | 5,091,000Source | 7,705,000Source | 3,092,000Source | 6,337,000Source |
| General and Administrative ExpenseUSD | 42,121,000Source | 38,382,000Source | 49,228,000Source | 58,490,000Source |
| Gross ProfitUSD | 71,527,000Source | 74,997,000Source | 83,799,000Source | 106,826,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | -17,784,000Source | -3,399,000Source | -39,680,000Source | -21,614,000Source |
| Interest ExpenseUSD | — | — | 5,200,000Source | 4,500,000Source |
| Interest Income (Expense), Nonoperating, NetUSD | — | -1,572,000Source | -5,327,000Source | -5,411,000Source |
| Investment Income, InterestUSD | 1,900,000Source | — | — | — |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | -21,389,000Source | -10,055,000Source | -41,456,000Source | -27,009,000Source |
| Operating ExpensesUSD | 89,546,000Source | 75,817,000Source | 116,948,000Source | 122,058,000Source |
| Research and Development ExpenseUSD | 20,683,000Source | 24,638,000Source | 23,368,000Source | 13,692,000Source |
| Selling and Marketing ExpenseUSD | 26,742,000Source | 12,797,000Source | 44,352,000Source | 49,876,000Source |
| Share-based Payment Arrangement, Expensed and Capitalized, AmountUSD | 28,196,000Source | 36,225,000Source | 41,212,000Source | — |