Expensify, Inc.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $142.1M | $139.2M | $150.7M | $169.5M | $142.8M |
| Cost of revenue | $70.6M | $7.2M | $10.1M | $6.2M | $2.9M |
| Gross profit | $71.5M | $75.0M | $83.8M | $106.8M | $89.1M |
| Research and development | $20.7M | $24.6M | $23.4M | $13.7M | $11.0M |
| Operating expenses | $89.5M | $75.8M | $116.9M | $122.1M | $99.4M |
| Operating income | -$18.0M | -$820,000 | -$33.1M | -$15.2M | -$10.3M |
| Interest expense | $100,000 | $1.1M | $5.2M | $4.5M | $3.1M |
| Pretax income | -$16.3M | -$2.4M | -$38.5M | -$20.6M | -$13.7M |
| Income tax expense | $5.1M | $7.7M | $3.0M | $6.4M | -$174,000 |
| Net income | -$21.4M | -$10.1M | -$41.5M | -$27.0M | -$13.6M |
| Balance Sheet | |||||
| Cash and equivalents | $63.1M | $48.8M | $47.5M | $103.8M | $98.4M |
| Current assets | $153.0M | $136.9M | $137.2M | $187.1M | $157.6M |
| Total assets | $186.0M | $173.7M | $176.8M | $210.2M | $183.2M |
| Current liabilities | $46.4M | $38.0M | $67.9M | $60.4M | $53.6M |
| Total liabilities | $53.2M | $45.4M | $76.0M | $113.0M | $106.6M |
| Total debt | — | — | $7.7M | $52.3M | $67.8M |
| Stockholders' equity | $132.7M | $128.2M | $100.7M | $97.2M | $76.6M |
| Cash Flow Statement | |||||
| Cash from operations | $20.1M | $23.9M | $1.6M | $32.9M | $5.5M |
| Depreciation and amortization | $8.5M | $6.8M | $5.2M | $5.4M | $5.2M |
| Stock-based compensation | $26.6M | $33.5M | $41.2M | $52.3M | $14.6M |
| Capital expenditure | $17,000 | $0 | $1.4M | $585,000 | $2.7M |
| Free cash flow | $20.1M | $23.9M | $175,000 | $32.3M | $2.8M |
| Share repurchases | $9.1M | $1.5M | $3.0M | $6.0M | $0 |
Shares outstanding 96.4M · Free float 67.5%
Annual filing data through FY ended December 31, 2025; float as of July 13, 2026.