Expensify, Inc. Income Statement
EXFY|5 years of annual SEC 10-K data (FY2021-FY2025)
Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 5 fiscal years. All figures from audited SEC 10-K filings.
At a glance
Revenue
$139M
FY2025
Gross Profit
$75M
53.9% gross margin
Operating Income
-$820,000
FY2025
Net Income
-$10M
FY2025
Expensify, Inc. reported $139M in revenue and $10M in net loss for FY2025. Revenue has grown at a 14.7% compound annual rate over the past 4 years.
Based on SEC 10-K filings.
Key Data Points
- Altman Z-Score NaN (distress zone, below 1.23 threshold)
- Piotroski F-Score: 2/9 criteria passed
- Currently unprofitable: Net income is negative
- Cash-backed earnings: Operating cash flow exceeds net income
Data sourced from SEC EDGAR filings. Not investment advice.
| Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $139.2M | $169.5M | $142.8M | $88.1M | $80.5M |
| Cost of Revenue | $64.2M | $6.2M | $2.9M | $1.0M | $0 |
| Gross Profit | $75.0M | $106.8M | $89.1M | $55.7M | $48.5M |
| SG&A Expense | $38.4M | $58.5M | $60.7M | $33.4M | $15.9M |
| R&D Expense | $24.6M | $13.7M | $11.0M | $6.7M | $4.1M |
| Operating Income | -$820.0K | -$15.2M | -$10.3M | $5.7M | $1.2M |
| Interest Expense | - | - | $3.1M | $2.9M | - |
| Income Tax | $7.7M | $6.4M | -$174.0K | $4.7M | -$2.8M |
| Net Income | -$10.1M | -$27.0M | -$13.6M | -$1.7M | $1.2M |
| EPS (Basic) | -$0.12 | -$0.33 | -$0.36 | -$0.06 | $0.00 |
| EPS (Diluted) | -$0.12 | -$0.33 | -$0.36 | -$0.06 | $0.00 |
| Shares Outstanding | 87.4M | 80.8M | 38.0M | 27.4M | 25.9M |
| Gross Margin | 53.9% | 63.0% | 62.4% | 63.2% | 60.3% |
| Operating Margin | -0.6% | -9.0% | -7.2% | 6.4% | 1.6% |
| Profit Margin | -7.2% | -15.9% | -9.5% | -1.9% | 1.5% |