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MARKETS / NASDAQ / EXFY
NASDAQ · SERVICES-PREPACKAGED SOFTWARE · MID CAP

Expensify, Inc. EXFY

7 fiscal years on record · USD · FY2025 reported · SEC filings only
$142.1M
▲ 2.1% YoY
$-21.4M
$20.1M
▼ 15.9% YoY
In brief

What this company does

Every day, people in organizations around the world use Expensify to scan and reimburse receipts from flights, hotels, coffee shops, office supplies, and ride shares. As of December 31, 2025, the company had added over 15 million members to its community and had processed and automated over 1.8 billion expense transactions on its platform. For the quarter ended December 31, 2025, an average of 650,000 paid members across an average of 39,700 companies in over 200 countries and territories used Expensify. Expensify's platform includes features for managing corporate cards, paying bills, generating invoices, collecting payments, and booking travel. The Expensify Card, powered by the Visa network, can be used in conjunction with existing expense policies at no additional cost, or independently as a separate corporate card program through the company's platform. Expensify, Inc. was incorporated on April 29, 2009 as a Delaware corporation.

Written from the business description in Expensify, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 26 February 2026. Every sentence was checked against that document before publication.

Growth
USD 142.1M
Revenue, FY2025 · full 7-year series below
Revenue $M Net income $M
FY2025 · Revenue 142.1 · Net income -21.4
80M160M-20M-40M2019202020212022202320242025
Compound annual growth
−5.7%
+10.0%
+19.0%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +10.0% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−15 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -12.7% · Net -15.1%
2%4%6%-10%-20%2019202020212022202320242025
ROE
FY2025 · ROE -16.4%
-20%-40%2019202020212022202320242025

Each USD of equity lost 16 cents this year.

Cash & shareholders
USD 8.8M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 20.1
20M2019202020212022202320242025
Net buybacks $M Dividends $M
FY2025 · Dividends — · Net buybacks 8.8
4M8M-2M2019202020212022202320242025

USD 8.8M in buybacks went back to shareholders in a year without profit.

Total assetsUSD 186.0M
EquityUSD 132.7M
CashUSD 63.1M
Current ratio3.30×

Equity funds 71% of total assets.

The 7-year record
7 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 2025202420232022202120202019
Revenue $B0.10.10.20.20.10.10.1
Operating income $B−0.0−0.0−0.0−0.0−0.00.00.0
EBITDA $B−0.00.0−0.0−0.0−0.00.00.0
Income tax $B0.00.00.00.0−0.00.0−0.0
Net income $B−0.0−0.0−0.0−0.0−0.0−0.00.0
Free cash flow $B0.00.00.00.00.00.00.0
EPS, diluted $−0.23−0.12−0.50−0.33−0.36−0.060.00
Dividend / sh $·······
Payout %·······
ROE %−16.4−8.8−41.9−31.1−59.5··

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 32 reconciliationsAUDITED

Reconciled in 7 of 19 fiscal years. 63 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityServices-Prepackaged Software
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 31
SEC categorysmaller reporting company
Data on record since2019

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