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Expensify, Inc.

EXFY

$2.70 ▲ +0.71 (+35.68%) at close

8 Visible periods

31 Metrics

Peer-ranked Benchmarks

Price Chart

Health

Poor

Bearish

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Analytical Summary

Expensify, Inc. faces fundamental challenges with weakness in Profit Margin (%) and Operating Margin (%). The fundamentals warrant careful consideration of downside risks.

Market Cap $249.2M

Dividend Yield —

Revenue Growth 2.1% ↗

Op. Margin -12.7% ↘

ROIC -17.8% ↘

FCF / Share $0.22 ↘

Trailing P/E —

Price / Book 1.9x

FCF Yield 8.1%

Debt / Equity —

info Valuation on last close. End-of-day price, Aug 7, 2026.

8-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Revenue Total top-line sales

$142.10M

↑ +2.1% —

Net Income Profit after all expenses

$-21.39M

↓ -112.7% —

Operating Margin Operating profit as % of sales

-12.7%

↓ -2053.1% 13th

FCF / Share Free cash flow per share

$0.22

↓ -20.4% —

Long-Term Debt Long-term obligations

$0.00

↓ -100.0% —

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Bullish Indicators

No bullish signals detected.

warning

Bearish Risks

Operating Margin (%)Operating Margin (%) is in the bottom quartile
Profit Margin (%)Profit Margin (%) is in the bottom quartile

Health Breakdown

Profitability ↓

Returns ↑

Cash Quality ↓

Financial view

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📈 Is growth accelerating? 6 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗
Revenue Growth YoY (%)	2.1% Caution ↑ Caution Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-83%)	-7.6% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-163%)	-11.1% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-192%)	18.7% Good ↓ Good Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+56%)	62.2% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+418%)	9.5% Fair Fair Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-21%)	—	—
EPS Growth YoY (%)	-91.7% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	76.0% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-51.5% Weak ↑ Weak Improving Year-over-year change in earnings per share Optimal: > 10%	8.3% Fair Fair Year-over-year change in earnings per share Optimal: > 10%	-500.0% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	—	—	—
Net Income Growth YoY (%)	-112.7% Weak ↓ Weak Declining Year-over-year change in net income	75.7% Excellent ↑ Excellent Improving Year-over-year change in net income	-53.5% Weak ↑ Weak Improving Year-over-year change in net income	-99.2% Weak Weak Year-over-year change in net income	-692.9% Weak Weak Year-over-year change in net income	N/M	—	—
FCF Growth YoY (%)	-20.4% Weak ↓ Weak Declining Year-over-year change in free cash flow	12780.8% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	-99.5% Weak ↓ Weak Declining Year-over-year change in free cash flow	446.9% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	-60.7% Weak Weak Year-over-year change in free cash flow	-47.6% Weak Weak Year-over-year change in free cash flow	—	—
Revenue CAGR 3Y (%)	-5.7% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	-0.8% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	19.6% Excellent Excellent Compound annual revenue growth over 3 years	28.2% Excellent Excellent Compound annual revenue growth over 3 years	—	—	—	—
Revenue CAGR 5Y (%)	10.0% Good Good Compound annual revenue growth over 5 years	11.6% Good Good Compound annual revenue growth over 5 years	—	—	—	—	—	—

💰 Are margins durable? 5 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗
Operating Margin (%) (%)	-12.7% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-163%)	-0.6% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-103%)	-22.0% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-210%)	-9.0% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-145%)	-7.2% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-136%)	6.4% Caution Caution Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-68%)	1.5% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-92%)	—
Effective Tax Rate (%) (%)	-31.3% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-320.4% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	-7.7% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	-30.8% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	1.3% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	157.9% Weak Weak Actual taxes paid relative to pre-tax income Optimal: 15-25%	182.2% Weak Weak Actual taxes paid relative to pre-tax income Optimal: 15-25%	—
Profit Margin (%) (%)	-15.1% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-200%)	-7.2% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-148%)	-27.5% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-283%)	-15.9% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-206%)	-9.5% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-163%)	-1.9% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-113%)	1.5% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-90%)	—
FCF Margin (%) (%)	14.1% Fair ↑ Fair Improving Free cash flow as a percentage of revenue Optimal: > 10%	17.1% Good ↑ Good Improving Free cash flow as a percentage of revenue Optimal: > 10%	0.1% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	19.1% Good ↑ Good Improving Free cash flow as a percentage of revenue Optimal: > 10%	1.9% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	5.8% Caution Caution Free cash flow as a percentage of revenue Optimal: > 10%	11.4% Fair Fair Free cash flow as a percentage of revenue Optimal: > 10%	—
FCF / Net Income (x)	-0.94x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	-2.37x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	-0.00x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	-1.20x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	-0.21x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	-2.98x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	7.41x Excellent Excellent Free cash flow relative to reported net income Optimal: > 1x	—

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗
Return on Invested Capital (%)	-17.8% Weak → Weak Stable Return earned on debt + equity capital invested Optimal: > 10%	-2.7% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-35.5% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-13.4% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-7.9% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	459.4% Excellent Excellent Return earned on debt + equity capital invested Optimal: > 10%	2.1% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	—
Return on Capital (%) (%)	-9.7% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-0.5% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-18.8% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-7.2% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-5.6% Weak Weak Operating profit relative to total assets Optimal: > 10%	6.5% Caution Caution Operating profit relative to total assets Optimal: > 10%	—	—
Return on Common Equity (%) (%)	-16.1% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-187%)	-7.8% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-142%)	-41.1% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-322%)	-27.8% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-250%)	-17.7% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-196%)	5.5% Caution Caution Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-70%)	-2.6% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-114%)	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗
Debt to Equity (x)	—	—	0.00x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-100%)	0.53x Good ↑ Good Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+18%)	0.68x Fair Fair Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+51%)	-0.98x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-317%)	—	—
Interest Coverage (x)	—	-0.60x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-6.37x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-3.38x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-3.31x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	1.94x Caution Caution Operating income divided by interest expense Optimal: > 5x	0.46x Weak Weak Operating income divided by interest expense Optimal: > 5x	—
Net Debt (USD)	$-63.08M	$-48.77M	$-47.51M	$-52.35M	$-46.33M	$-4.08M	$-9.99M	—
Debt / EBITDA (x)	—	—	0.00x Excellent ↑ Excellent Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-5.22x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-10.30x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	3.40x Caution Caution Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—

📊 What does each share earn? 6 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗
Revenue per Share (USD)	$1.54	$1.59	$1.83	$2.10	$3.75	$3.21	$3.10	—
Basic EPS, GAAP (USD)	$-0.23	$-0.12	$-0.50	$-0.33	$-0.36	$-0.06	$0.00	—
Free Cash Flow per Share (USD)	$0.22	$0.27	$0.00	$0.40	$0.07	$0.19	$0.35	—
Book Value per Share (USD)	$1.44	$1.47	$1.22	$1.20	$2.01	$-1.13	$-1.87	—
Tangible Book Value per Share (USD)	$1.44	$1.47	$1.22	$1.20	$2.01	$-1.13	$-1.87	—
Basic Weighted Avg Shares (shares)	92.28M	87.38M	82.49M	80.79M	38.04M	27.42M	25.92M	—

🏦 How resilient is the balance sheet? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗
Working Capital (USD)	$106.60M	$98.87M	$69.34M	$126.75M	$104.07M	$24.46M	—	—
LT Debt (USD)	—	—	$0.00	$51.43M	$52.07M	$30.32M	—	—
Total Equity (USD)	$132.75M	$128.24M	$100.74M	$97.24M	$76.61M	$-31.04M	$-48.46M	$-51.88M

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗
Sales/Revenue/Turnover (USD)	$142.10M	$139.24M	$150.69M	$169.50M	$142.84M	$88.07M	$80.46M	—
Depreciation Expense (USD)	$8.46M	$6.81M	$5.16M	$5.39M	$5.20M	$3.25M	$2.85M	—
Net Income, GAAP (USD)	$-21.39M	$-10.05M	$-41.46M	$-27.01M	$-13.56M	$-1.71M	$1.24M	—
Operating Cash Flow (USD)	$20.09M	$23.88M	$1.56M	$32.88M	$5.49M	$7.58M	$12.43M	—

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bar_chart Data from SEC EDGAR XBRL filings

Synced 1 week ago 8 years · 26 quarters

Expensify, Inc.

Analytical Summary

8-Year Financial Trajectory

Bullish Indicators

Bearish Risks

Health Breakdown

Statement lens

Benchmark Lens

Signals

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