7 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $142M | -$21M | 50.3% | -12.7% | $20M | — | $63M |
| 2024 | $139M | -$10M | 53.9% | -0.6% | $24M | — | $49M |
| 2023 | $151M | -$41M | 55.6% | -22.0% | $175000 | $8M | $48M |
| 2022 | $169M | -$27M | 63.0% | -9.0% | $32M | $52M | $104M |
| 2021 | $143M | -$14M | 62.4% | -7.2% | $3M | $68M | $98M |
| 2020 | $88M | -$2M | 63.2% | 6.4% | $5M | $33M | $34M |
| 2019 | $80M | $1M | 60.2% | 1.5% | $9M | — | $10M |
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $34M | -$2M | 47.6% | -5.8% | — | — | $67M |
| Dec '25 | $35M | -$7M | 49.2% | -11.2% | $2M | — | $63M |
| Sep '25 | $35M | -$2M | 49.6% | -6.4% | $4M | — | $61M |
| Jun '25 | $36M | -$9M | 51.9% | -28.9% | — | — | $61M |
| Mar '25 | $36M | -$3M | 50.6% | -4.1% | — | — | $60M |
| Dec '24 | $37M | -$1M | 51.0% | 1.3% | $7M | — | $49M |
| Sep '24 | $35M | -$2M | 51.6% | 0.8% | $4M | — | $39M |
| Jun '24 | $33M | -$3M | 56.9% | 0.7% | $9M | $8M | $53M |
| Mar '24 | $34M | -$4M | 56.5% | -5.3% | $3M | $8M | $49M |
| Dec '23 | $35M | -$7M | 53.1% | -17.0% | -$824000 | $8M | $48M |
| Sep '23 | $36M | -$17M | 51.6% | -40.8% | -$6M | $44M | $89M |
| Jun '23 | $39M | -$11M | 56.5% | -24.6% | -$885000 | $44M | $98M |
| Mar '23 | $40M | -$6M | 60.7% | -6.7% | $8M | $52M | $111M |
| Dec '22 | $43M | -$3M | 63.0% | -1.6% | $7M | $52M | $104M |
| Sep '22 | $42M | -$8M | 61.0% | -13.5% | -$1M | $52M | $106M |
| Jun '22 | $43M | -$8M | 63.2% | -9.2% | $16M | $52M | $106M |
| Mar '22 | $40M | -$7M | 65.0% | -12.0% | $11M | $67M | $101M |
| Dec '21 | $40M | -$22M | 50.6% | -50.6% | -$29M | $68M | $98M |
| Sep '21 | $37M | -$6M | 51.4% | -23.7% | $10M | $68M | $68M |
| Jun '21 | $35M | $7M | 77.5% | 21.2% | $13M | — | $45M |
How the market has priced EXFY against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 5 years, Expensify, Inc.'s revenue has grown 10.0% per year. These are computed facts, not advice.
As of FY2025, Expensify, Inc. reported — of total debt against $63M of cash; operating income covered interest expense -180.2×.
In FY2025, gross margin was 50.3%, operating margin -12.7%, and net margin -15.1%.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.