Expensify, Inc. EXFY R2K
Technology · Software - Application · United States
Expensify, Inc. provides a cloud-based expense management software platform in the United States and internationally. The company offers Expensify, a platform that engages in managing corporate cards, paying bills, generating invoices, collecting payments, and booking travel, as well as track and submit plans for individuals. It serves individuals and corporations, small and midsized businesses, and enterprises. The company was founded in 2008 and is based in San Francisco, California.
READ MORE ›$1.17
-47.06% 1Y
Market & Price
Market Cap
$112.83M
Current Price
$1.17
High / Low (52W)
$2.61 / $0.75
Beta
1.75
Valuation
Stock P/E
-
Industry PE
32.74
Forward P/E
16.71
PEG Ratio
-
Book Value
$1.44
Price to Book
0.81
P/S
0.81
EV/EBITDA
-2.92
Dividend Yield
-
Profitability & Returns
ROCE
-12.91%
ROE
-15.05%
ROA
-6.09%
Profit Margin
-14.68%
Op Margin
-5.80%
EPS (Latest Qtr)
$-0.02
EPS (TTM)
$-0.22
Balance Sheet & Liquidity
Debt/Equity
4.01
Quick Ratio
1.75
Current Ratio
3.49
Debt
$5.56M
Total Assets
$185.99M
Current Assets
$153.01M
Working Capital
$106.60M
Ownership
Promoter Holding
23.97%
Chg in Prom Hold
-0.01%
FII / Inst Holding
36.42%
Chg in FII Hold
-
Financial Snapshot
Enterprise Value
$51.86M
Total Revenue (TTM)
$140.00M
EBITDA
$-17.77M
Free Cash Flow
$17.93M
Operating Cash Flow
$12.35M
Shares Outstanding
84.28M
Gross Margin
49.61%
Payout Ratio
0.00%
Growth (CAGR)
Revenue 5Y
-5.71%
Profit 5Y
6.94%
Revenue (YoY)
-5.80%
Earnings (YoY)
-
PROS
- Generates positive free cash flow.
CONS
- Revenue declined at -5.7% CAGR over 5 years.
- Trading 55.2% below its 52-week high.
- In a downtrend (50-DMA below 200-DMA).
* The pros and cons are auto-generated from financial metrics.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth
No fundamental data available for this stock.
Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).
Peer comparison
Peer companies in the same sector (Technology).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | EXFY Expensify, Inc. R2K | 1.17 | - | $112.83M | - | -12.91% | -15.05% | -5.71% | 6.94% |
| 2 | NVDA NVIDIA Corporation NDXSPXAI | 211.14 | 32.38 | $5.11T | 0.47% | 81.14% | 114.29% | 100.05% | 201.80% |
| 3 | AAPL Apple Inc. NDXSPX | 312.06 | 37.73 | $4.58T | 0.35% | 68.72% | 141.47% | 1.81% | 3.92% |
| 4 | MSFT Microsoft Corporation NDXSPXAI | 450.24 | 26.82 | $3.34T | 0.81% | 26.37% | 34.01% | 12.42% | 11.87% |
| 5 | TSM Taiwan Semiconductor Manufacturing Company Limited AI | 418.45 | 35.86 | $2.17T | 0.91% | 32.04% | 36.21% | 18.94% | 19.57% |
| 6 | MU Micron Technology, Inc. NDXSPXAI | 971.00 | 45.87 | $1.10T | 0.06% | 14.20% | 39.82% | 6.71% | -0.57% |
| 7 | AMD Advanced Micro Devices, Inc. NDXSPXAI | 516.10 | 172.61 | $841.55B | - | 6.33% | 8.06% | 13.64% | 48.64% |
| 8 | ORCL Oracle Corporation SPXAI | 225.78 | 40.46 | $649.35B | 0.89% | 13.07% | 57.57% | 10.59% | 22.81% |
| 9 | ASML ASML Holding N.V. NDXAI | 1,612.76 | 53.76 | $621.59B | 0.54% | 43.81% | 52.24% | 15.55% | 19.55% |
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Quarterly Results
Figures in USD.
| Metric | Sep 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 21.69M | 29.72M | 35.30M | 37.45M | 40.37M | 43.16M | 42.49M | 40.10M | 38.88M | 36.49M | 33.53M | 33.29M | 35.41M | 36.07M | 35.76M | 35.06M | 35.20M | 33.97M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | 17.83M | 17.19M | 17.67M | 17.89M | 17.80M |
| Gross Profit | 13.25M | 22.08M | 27.37M | 19.25M | 26.24M | 27.29M | 25.94M | 24.33M | 21.96M | 18.81M | 18.95M | 18.93M | 18.26M | 18.24M | 18.58M | 17.40M | 17.31M | 16.17M |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | 19.73M | 28.91M | 19.66M | 21.25M | 18.14M |
| Operating Income | -5.09M | 11.54M | 7.50M | -8.86M | -4.84M | -3.97M | -5.72M | -2.70M | -9.56M | -14.90M | -1.79M | 219.00K | 288.00K | -1.49M | -10.34M | -2.26M | -3.94M | -1.97M |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | 496.00K | -8.28M | -119.00K | -1.66M | 284.00K |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | -1.16M | -9.45M | -2.16M | -3.52M | -1.80M |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | 2.01M | -661.00K | 154.00K | 3.60M | 536.00K |
| Net Income | -6.94M | 8.04M | 6.63M | -6.34M | -7.38M | -7.99M | -8.24M | -5.95M | -11.30M | -17.00M | -3.78M | -2.76M | -2.20M | -3.17M | -8.79M | -2.31M | -7.12M | -2.34M |
| Diluted EPS | -0.25 | 0.06 | 0.05 | -0.18 | -0.09 | -0.10 | -0.10 | -0.07 | -0.14 | -0.21 | -0.04 | -0.03 | -0.02 | -0.03 | -0.10 | -0.03 | -0.08 | -0.02 |
| R&D Expense | 2.27M | 1.10M | 4.87M | 2.17M | 3.70M | 3.58M | 3.42M | 5.42M | 5.09M | 6.61M | 5.93M | 6.39M | 5.62M | 5.36M | 5.16M | 4.91M | - | 5.26M |
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | 80.46M | 88.07M | - | 169.50M | 150.69M | 139.24M | 142.10M |
| Cost of Revenue | - | - | - | 62.67M | 66.89M | 64.24M | 70.57M |
| Gross Profit | 48.48M | 55.66M | - | 106.83M | 83.80M | 75.00M | 71.53M |
| Operating Expenses | - | - | - | 122.06M | 116.95M | 75.82M | 89.55M |
| Operating Income | 1.25M | 5.67M | - | -15.23M | -33.15M | -820.00K | -18.02M |
| EBITDA | - | - | - | -9.84M | -27.98M | 5.99M | -9.56M |
| Interest Expense | - | - | 3.48M | 5.41M | 5.33M | 1.57M | - |
| Pretax Income | - | - | - | -20.64M | -38.48M | -2.39M | -16.29M |
| Tax Provision | - | - | - | 6.37M | 2.98M | 7.66M | 5.10M |
| Net Income | 1.24M | -1.71M | - | -27.01M | -41.46M | -10.05M | -21.39M |
| Diluted EPS | 0.00 | -0.06 | -0.36 | -0.33 | -0.51 | -0.12 | - |
| R&D Expense | 4.11M | 6.73M | 10.99M | 13.69M | 23.37M | 24.64M | 20.68M |
Compounded Sales Growth
| 5 Years: | -5.71% |
| 1 Year: | -5.80% |
Compounded Profit Growth
| 5 Years: | 6.94% |
| 1 Year: | - |
Stock Price Performance
| 1 Year: | -47.06% |
| 6 Months: | -23.03% |
| 3 Months: | +23.16% |
| 1 Month: | +11.43% |
Balance Sheet (Annual)
Figures in USD.
| Metric | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | - | - | 87.73M | - | 210.24M | 176.78M | 173.68M | 185.99M |
| Current Assets | - | - | - | - | 187.12M | 137.23M | 136.88M | 153.01M |
| Cash & Equivalents | - | 9.99M | 34.40M | - | 103.79M | 47.51M | 48.77M | 63.08M |
| Inventory | - | - | - | - | - | - | - | - |
| Receivables | - | - | - | - | 16.45M | 13.83M | 12.70M | 12.62M |
| Total Liabilities | - | - | 73.66M | - | 113.00M | 76.04M | 45.44M | 53.24M |
| Current Liabilities | - | - | 39.20M | - | 60.36M | 67.89M | 38.01M | 46.41M |
| Long Term Debt | - | - | 30.32M | 52.07M | 51.43M | - | - | - |
| Total Debt | - | - | - | - | 67.78M | 29.55M | 6.47M | 5.74M |
| Total Equity | -51.88M | -48.46M | -31.04M | - | 97.24M | 100.74M | 128.24M | 132.75M |
| Shares Outstanding | - | - | - | - | 82.43M | 85.23M | 91.38M | 93.06M |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 12.43M | 7.58M | - | 32.88M | 1.56M | 23.88M | 20.09M |
| Investing Cash Flow | -4.90M | -4.29M | - | -2.20M | -7.29M | -7.63M | -3.56M |
| Financing Cash Flow | 5.14M | 8.79M | - | -8.28M | -45.32M | -22.07M | -2.74M |
| Capital Expenditure | -3.23M | -2.49M | - | -2.20M | -7.29M | -7.63M | -3.56M |
| Free Cash Flow | 9.20M | 5.10M | - | 30.67M | -5.74M | 16.25M | 16.53M |
| Net Change in Cash | - | - | - | 22.39M | -51.05M | -5.82M | 13.79M |
| Share Buybacks | 14.00K | 0 | 0 | 6.00M | 3.00M | 1.51M | 9.10M |
Ratios (Annual)
Figures in %.
| Metric | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|
| Gross Margin % | 60.2% | 63.2% | - | 63.0% | 55.6% | 53.9% | 50.3% |
| Operating Margin % | 1.5% | 6.4% | - | -9.0% | -22.0% | -0.6% | -12.7% |
| Net Margin % | 1.5% | -1.9% | - | -15.9% | -27.5% | -7.2% | -15.1% |
| ROE % | -2.6% | 5.5% | - | -27.8% | -41.1% | -7.8% | -16.1% |
| ROCE % | - | 11.7% | - | -10.2% | -30.4% | -0.6% | -12.9% |
Shareholding Pattern
Insiders
23.97%
Institutions
36.42%
Public Float
47.90%
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | Blackrock Inc. | 4.74% | 3.99M | $4.67M |
| 2 | Palogic Value Management, LP | 2.99% | 2.52M | $2.95M |
| 3 | Verition Fund Management, LLC | 2.79% | 2.35M | $2.75M |
| 4 | Vanguard Capital Management LLC | 2.74% | 2.31M | $2.70M |
| 5 | Acadian Asset Management. LLC | 2.62% | 2.21M | $2.59M |
| 6 | Vanguard Portfolio Management LLC | 2.34% | 1.97M | $2.31M |
| 7 | Castleknight Management LP | 2.05% | 1.73M | $2.02M |
| 8 | Geode Capital Management, LLC | 1.63% | 1.37M | $1.60M |
| 9 | Shaw D.E. & Co., Inc. | 1.56% | 1.32M | $1.54M |
| 10 | Marshall Wace LLP | 1.08% | 914.31K | $1.07M |
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Analyst aggregate. Targets and ratings update periodically; not investment advice.
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