Expensify, Inc.
EXFY Nasdaq· Services-Prepackaged Software
Last close · Oct 23, 2026
$2.59
KIRA · Stoqly’s AI analyst, in plain words
- Expensify, Inc. had $142M of revenue in fiscal 2025, up 2.1% on the year before. Over five years, revenue changed +10.0% a year on average.
- Its operating margin was −12.7%, down 12.1 pts: of every 100 in sales, about −13 is left after running the business.
- Expensify, Inc. lost $21.4M in fiscal 2025.
- Free cash flow was $20.1M in fiscal 2025, 14.1% of revenue.
- Expensify, Inc. returned $9.1M to shareholders in fiscal 2025, 45% of free cash flow. The diluted share count rose 5.6%.
Market cap
$247M
P/E
—
Revenue
$142M
Net income
−$21.4M
Free cash flow
$20.1M
Operating margin
−12.7%
Expensify, Inc. in 30 seconds · fiscal 2025
Are sales growing?
+2.1%
Only a little. Sales grew 2.1% last year.
Does it make a profit?
−15.1%
No. It lost money last year.
Does profit turn into cash?
14.1%
Yes. 14.1% of sales ends up as free cash.
How healthy are the accounts?
2 / 8
Weak. It passes 2 of 8 health tests.
How is the share priced?
—
No P/E: it made no profit over the last four quarters.
What Expensify, Inc. does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Feb 26, 2026
- Legal name
- Expensify, Inc.
- CIK
- 0001476840
Expensify, Inc. · EXFY
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $143M | $169M | $151M | $139M | $142M |
| Revenue growth | 62.2% | 18.7% | −11.1% | −7.6% | 2.1% |
| Gross margin | 62.4% | 63.0% | 55.6% | 53.9% | 50.3% |
| Operating margin | −7.2% | −9.0% | −22.0% | −0.6% | −12.7% |
| Net income | −$13.6M | −$27.0M | −$41.5M | −$10.1M | −$21.4M |
| Net margin | −9.5% | −15.9% | −27.5% | −7.2% | −15.1% |
| Diluted EPS | −$0.36 | −$0.33 | −$0.50 | −$0.12 | −$0.23 |
| Cash | |||||
| Cash from operations | $5.5M | $32.9M | $1.6M | $23.9M | $20.1M |
| Capital expenditure | $2.7M | $0.6M | $1.4M | $0.0M | $0.0M |
| Free cash flow | $2.8M | $32.3M | $0.2M | $23.9M | $20.1M |
| FCF margin | 1.9% | 19.1% | 0.1% | 17.1% | 14.1% |
| Share buybacks | $0.0M | $6.0M | $3.0M | $1.5M | $9.1M |
| Share count change | 38.7% | 112.4% | 2.1% | 5.9% | 5.6% |
| Debt and strength | |||||
| Cash and short-term investments | $98.4M | $104M | $47.5M | $48.8M | $63.1M |
| Debt incl. finance leases | $67.6M | $52.0M | $7.7M | $0.0M | — |
| Shareholders' equity | $76.6M | $97.2M | $101M | $128M | $133M |
| Net debt / EBITDA | — | — | — | −8.1x | — |
| Current ratio | 2.9x | 3.1x | 2.0x | 3.6x | 3.3x |
| Interest coverage | −3.3x | −3.4x | −6.4x | −0.7x | −180.2x |
| Returns and quality | |||||
| Return on capital | −17.7% | −26.5% | −43.0% | −0.8% | — |
| Return on equity | −59.5% | −31.1% | −41.9% | −8.8% | −16.4% |
| Return on tangible equity | −17.7% | −27.8% | −41.1% | −7.8% | −18.0% |
| Piotroski F-score | 4 | 6 | 4 | 5 | 2 |
| Altman Z'' | 2.9 | 2.9 | 0.1 | 3.8 | 2.7 |
Insiders bought, 12 months
$2.2M
2 insiders
Insiders sold, 12 months
$0.5M
6 insiders
Of sales under plans
80%
$0.4M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Expensify, Inc. · EXFY
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
KIRA
At $2.59 a share, the company is worth $247M.
Source: SEC EDGAR XBRL filings (CIK 0001476840). Data updated October 24, 2026. For information only — not investment advice. Check the original filings before relying on any figure.