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Expensify, Inc. logo

Expensify, Inc.

EXFY

NASDAQTechnologySoftware - Application

Open in GoAI

Previous close

$2.64

+$0.14 · +5.60%

Aug 21, 4:00 PM ET

Pre-market

$2.65

+$0.01 · +0.38%

Aug 24, 7:22 AM ET

EXFY company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

63

Undervalued

Momentum

70

Gaining

Sentiment

37

Bearish

Risk resilience

40

Elevated Risk

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AI-generated, informational only, and not investment advice.

Company profile

Company website

Expensify, Inc. provides a digital platform accessible via the cloud, specializing in expense management for clients across the United States and globally. The company's flagship product, also called Expensify, is a comprehensive tool that streamlines various financial operations. These capabilities include overseeing corporate credit cards, settling bills, generating invoices, processing incoming payments, and facilitating travel arrangements. Furthermore, it offers functionalities for individuals to monitor and submit their spending proposals. Expensify, Inc. caters to a diverse clientele, ranging from individual users and small-to-medium-sized businesses to major corporations and large enterprises. The company was founded in San Francisco, California, in 2008.

Industry
Software - Application
Sector
Technology
Headquarters
US
CEO
David Barrett
Listed since
Nov 10, 2021
Employees
117

Market position

Day range

Current $2.64

52-week range

Current $2.64

Open
$2.545
Previous close
$2.50
Volume
1.06M
0.85× average
Average volume
1.26M
Average daily volume
Market cap
254.6M USD
Beta
1.68
Market reference 1
50-day average
$1.8582
+42.07% above average
200-day average
$1.3826
+90.94% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
82.01M USD
P/E (TTM)
-15.85×
P/B (TTM)
1.87×
P/S (TTM)
1.84×
EV / EBITDA
-10.47×
Earnings yield
-15.35%
Free cash flow yield
14.40%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
48.67%
Operating margin
-8.03%
Net margin
-11.31%
Return on equity
-16.11%
Return on assets
-11.50%
Return on invested capital
-12.85%

Financial health

Debt / equity
0×
Current ratio
3.3×
Altman Z-score
2.93
Piotroski F-score
3 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends72%36%-0%-37%Gross margin, FY2021: 62.41%Gross margin, FY2022: 63.03%Gross margin, FY2023: 55.61%Gross margin, FY2024: 53.86%Gross margin, FY2025: 50.34%Operating margin, FY2021: -7.18%Operating margin, FY2022: -8.99%Operating margin, FY2023: -22.00%Operating margin, FY2024: -0.59%Operating margin, FY2025: -12.68%Net margin, FY2021: -9.49%Net margin, FY2022: -15.93%Net margin, FY2023: -27.51%Net margin, FY2024: -7.22%Net margin, FY2025: -15.05%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 62.41%. Gross margin FY2022 63.03%. Gross margin FY2023 55.61%. Gross margin FY2024 53.86%. Gross margin FY2025 50.34%. Operating margin FY2021 -7.18%. Operating margin FY2022 -8.99%. Operating margin FY2023 -22.00%. Operating margin FY2024 -0.59%. Operating margin FY2025 -12.68%. Net margin FY2021 -9.49%. Net margin FY2022 -15.93%. Net margin FY2023 -27.51%. Net margin FY2024 -7.22%. Net margin FY2025 -15.05%.

Income trends

Revenue

142.1M USD+2.06%

Operating income

−18.02M USD-2097.44%

Net income

−21.39M USD-112.72%
Income trends across reported periods190.59M USD106.21M USD21.83M USD−62.55M USDRevenue, FY2021: 142.84M USDRevenue, FY2022: 169.5M USDRevenue, FY2023: 150.69M USDRevenue, FY2024: 139.24M USDRevenue, FY2025: 142.1M USDOperating income, FY2021: −10.25M USDOperating income, FY2022: −15.23M USDOperating income, FY2023: −33.15M USDOperating income, FY2024: −820K USDOperating income, FY2025: −18.02M USDNet income, FY2021: −13.56M USDNet income, FY2022: −27.01M USDNet income, FY2023: −41.46M USDNet income, FY2024: −10.06M USDNet income, FY2025: −21.39M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 142.84M USD. Revenue FY2022 169.5M USD. Revenue FY2023 150.69M USD. Revenue FY2024 139.24M USD. Revenue FY2025 142.1M USD. Operating income FY2021 −10.25M USD. Operating income FY2022 −15.23M USD. Operating income FY2023 −33.15M USD. Operating income FY2024 −820K USD. Operating income FY2025 −18.02M USD. Net income FY2021 −13.56M USD. Net income FY2022 −27.01M USD. Net income FY2023 −41.46M USD. Net income FY2024 −10.06M USD. Net income FY2025 −21.39M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue142.1M USD139.24M USD150.69M USD169.5M USD142.84M USD
Cost of goods sold70.57M USD64.24M USD66.89M USD62.67M USD53.69M USD
Gross profit71.53M USD75M USD83.8M USD106.83M USD89.14M USD
Research and development20.68M USD24.64M USD23.37M USD13.69M USD10.99M USD
Selling, general, and administrative68.86M USD51.18M USD93.58M USD108.37M USD88.41M USD
Operating expenses89.55M USD75.82M USD116.95M USD122.06M USD99.39M USD
Interest expense—1.57M USD5.33M USD5.41M USD3.48M USD
Depreciation and amortization8.46M USD6.81M USD5.16M USD6.05M USD5.2M USD
Operating income−18.02M USD−820K USD−33.15M USD−15.23M USD−10.25M USD
Net income−21.39M USD−10.06M USD−41.46M USD−27.01M USD−13.56M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
45%
5 beats, 5 misses, 1 met estimate
Average EPS surprise
+5.39%
11 comparable reports
Latest EPS result
0.04
Estimate 0.02 · Beat by 100.00%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.140.070-0.07Q1 '25BeatQ2 '25MissQ3 '25MissQ4 '25MissQ1 '26MissQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 27, 2025: actual 0.1, estimate 0.07, surprise +42.86%, Beat. Q2 2025, reported May 8, 2025: actual 0.06, estimate 0.07, surprise -14.29%, Miss. Q3 2025, reported Aug 7, 2025: actual -0.02, estimate 0.054, surprise -136.80%, Miss. Q4 2025, reported Nov 6, 2025: actual 0.04, estimate 0.046, surprise -13.27%, Miss. Q1 2026, reported Feb 26, 2026: actual -0.03, estimate 0.04, surprise -175.00%, Miss. Q2 2026, reported May 7, 2026: actual 0.04, estimate 0.02, surprise +100.00%, Beat. Q3 2026, reported Aug 6, 2026: actual 0.04, estimate 0.02, surprise +100.00%, Beat. Q4 2026, reported Nov 5, 2026: actual —, estimate 0.023, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates38.48M36.4M34.31M32.22MQ1 '25BeatQ2 '25MissQ3 '25BeatQ4 '25MissQ1 '26MissQ2 '26MissQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 27, 2025: actual 37M USD, estimate 36.03M USD, surprise +2.70%, Beat. Q2 2025, reported May 8, 2025: actual 36.07M USD, estimate 36.41M USD, surprise -0.92%, Miss. Q3 2025, reported Aug 7, 2025: actual 35.76M USD, estimate 35.65M USD, surprise +0.32%, Beat. Q4 2025, reported Nov 6, 2025: actual 35.07M USD, estimate 35.49M USD, surprise -1.21%, Miss. Q1 2026, reported Feb 26, 2026: actual 35.2M USD, estimate 35.5M USD, surprise -0.85%, Miss. Q2 2026, reported May 7, 2026: actual 33.97M USD, estimate 34.25M USD, surprise -0.82%, Miss. Q3 2026, reported Aug 6, 2026: actual 33.87M USD, estimate 33.7M USD, surprise +0.49%, Beat. Q4 2026, reported Nov 5, 2026: actual —, estimate 33.86M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$13.75

420.83% upside
Past 12 months12-month forecastHigh $25.00Average $13.75Low $2.50

Rating distribution

10 ratings
Strong buy00%
Buy550%
Hold440%
Sell110%
Strong sell00%

Recent analyst actions

6 institutions
CitizensupgradeMarket PerformMarket Outperform
Morgan StanleymaintainUnderweight

EXFY news

businesswire.com

The Expensify Visa® Commercial Card Brings New Proactive Spend Controls to 14 Countries

SAN FRANCISCO--(BUSINESS WIRE)-- #Expensify--Expensify, Inc. (Nasdaq: EXFY), the easiest way to manage expenses, travel, and corporate cards, today expanded the reach of Expensify Card spend rules, the market-leading way…

Read source
seekingalpha.com

Expensify: Still Positive After Q2 Earnings Turnaround And Raised Cash Flow Guidance

Expensify is rated Buy, driven by a return to non-GAAP profitability and robust free cash flow growth in 2Q26. EXFY's shift from legacy to AI-native solutions enhanced operating leverage effects, with EBITDA margin…

Read source
seekingalpha.com

Expensify, Inc. (EXFY) Q2 2026 Earnings Call Transcript

Expensify, Inc. (EXFY) Q2 2026 Earnings Call Transcript

Read source
marketbeat.com

Expensify Q2 Earnings Call Highlights

Expensify NASDAQ: EXFY reported second-quarter revenue of $33.9 million and continued improvements in profitability and cash generation, while management emphasized growth in its newer AI-focused expense management…

Read source
businesswire.com

Expensify Announces Q2 2026 Results

SAN FRANCISCO--(BUSINESS WIRE)--Expensify, Inc. (Nasdaq: EXFY), the easiest way to manage expenses, corporate cards, and travel, today released a letter to shareholders from Founder and CEO David Barrett alongside…

Read source
businesswire.com

Expensify to Announce Q2 2026 Results

PORTLAND, Ore.--(BUSINESS WIRE)--Expensify, Inc. (Nasdaq: EXFY), the easiest way to manage expenses, corporate cards, and travel, today announced that the company's Q2 2026 financial results will be released after market…

Read source

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ETFs holding EXFY

Funds reporting this stock among their holdings, ordered by reported position size.

Vanguard Morningstar Total Stock Market ETF logoVanguard Morningstar Total Stock Market ETFVTI
Market value
3.03M
Weight
0.00%
AUM
2.3T USD
Expense ratio
0.03%
Price / 1D
$378.24+0.44%
Vanguard Information Technology ETF logoVanguard Information Technology ETFVGT
Market value
2.14M
Weight
0.00%
AUM
160.2B USD
Expense ratio
0.09%
Price / 1D
$118.42+0.05%
Vanguard Extended Market ETF logoVanguard Extended Market ETFVXF
Market value
1.16M
Weight
0.00%
AUM
93.7B USD
Expense ratio
0.05%
Price / 1D
$245.53+0.82%
Schwab U.S. Small-Cap ETF logoSchwab U.S. Small-Cap ETFSCHA
Market value
682.53K
Weight
0.00%
AUM
23.1B USD
Expense ratio
0.03%
Price / 1D
$34.83+0.52%
iShares Micro-Cap ETF logoiShares Micro-Cap ETFIWC
Market value
615.58K
Weight
0.04%
AUM
1.53B USD
Expense ratio
0.60%
Price / 1D
$198.39+1.10%
Schwab U.S. Broad Market ETF logoSchwab U.S. Broad Market ETFSCHB
Market value
289.62K
Weight
0.00%
AUM
44.6B USD
Expense ratio
0.03%
Price / 1D
$29.61+0.48%
WisdomTree U.S. SmallCap Fund logoWisdomTree U.S. SmallCap FundEES
Market value
122.94K
Weight
0.02%
AUM
739.61M USD
Expense ratio
0.38%
Price / 1D
$68.46+0.63%
Avantis U.S. Small Cap Equity ETF logoAvantis U.S. Small Cap Equity ETFAVSC
Market value
53.57K
Weight
—
AUM
3.16B USD
Expense ratio
0.25%
Price / 1D
$73.84+0.70%

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