EXFY Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

03
Price $2.25
Market Cap (MRQ) $207M
P/E (TTM) -14.1
EPS (TTM) $-0.16
Revenue (TTM) $138M
ROE (TTM) -11.7%
52W Range $1–$3

EXFY Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

04
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About Expensify, Inc. - Class A Common Stock Company overview from Wikipedia

05 · wikidata

Expensify, Inc. is an American software company that develops an expense management system for personal and business use. Expensify also offers a business credit card called the Expensify Card.

History

Expensify was founded in 2008 by current CEO David Barrett. Barrett, a native of Saginaw, Michigan, and a graduate of the University of Michigan, began programming at the age of six. He was involved in numerous tech companies prior to Expensify, including Red Swoosh.

The company has completed several rounds of venture capital funding, raising $1 million in 2009, $5.7 million in 2010, $3.5 million in 2014, and $17 million in 2015.

The company, which expanded its operation in Michigan in 2014, partnered with Gogebic Community College to offer scholarships to students in the area.

In July 2015, CEO David Barrett addressed the United States Congress on behalf of the app industry, speaking to a House, Health, and Technology subcommittee.

In November 2017, the company faced allegations of exposing some customers' personal information to contractors manually entering receipts through Amazon's Mechanical Turk service. Expensify acknowledged that a bug allowed fewer than 200 receipts to be visible to certain company contractors using Mechanical Turk to test a new feature under development. The company halted the test.

The company went public on 11 November 2021 under the ticker EXFY. The company's stock has decreased more than 95% since its IPO.

In 2023, Expensify funded an update and renovation of Portland's oldest food cart pod, located next to their Portland headquarters. It was renamed the Midtown Beer Garden.

Products

Expensify has developed a reporting expense mobile and web application that is available in the Apple and Android marketplaces.

Expensify allows users to download expense reports based on user transactions.

In June 2025, it was announced they would be expanding their corporate card product to Canada.

Expensify Ventures

Expensify launched a venture capital arm, Expensify Ventures, as part of a $17 million round of funding the company received in early 2015. Expensify Ventures makes strategic investments in early-stage travel, payments, and finance start-ups.

Political activism

On 22 October 2020, in a highly controversial letter, CEO David Barrett emailed all Expensify customers and non-customers on Expensify's marketing list worldwide, urging them to vote for U.S. presidential candidate Joe Biden.

Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗

Wikidata ↗

sectorTechnology industryTechnology employees117 countryUS

10-Year Performance Revenue, net income, margins and EPS trends

06
Revenue$142M
2019-12-31 → 2025-12-31
EPS$-0.23
2019-12-31 → 2025-12-31
Free Cash Flow$20M
2021-12-31 → 2025-12-31
Net margin-11.3%
2021-12-31 → 2025-12-31
Valuation & Ratios 07–12

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric 5Y trend EXFY 5Y avg Peer Median Verdict
P/E (TTM) -14.15Y avg ≈-37.7 ≈-37.7 · ·
P/S (TTM) 1.55Y avg ≈2.2 ≈2.2 3.1 Undervalued
P/B (MRQ) 1.55Y avg ≈3.3 ≈3.3 15.0 Undervalued
Price / FCF 10.85Y avg ≈311.3 ≈311.3 · ·
Price / Cash Flow 10.85Y avg ≈44.2 ≈44.2 42.1 Undervalued
Price / Tangible Book (MRQ) 1.75Y avg ≈3.3 ≈3.3 · ·

Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.

value · ≈ 5Y avg · industry median · verdict relative to median

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

14
Avg Surprise -44.1%
Next Report Nov 04, 2026
PeriodReportEPS ActualEPS EstSurprise
June 30, 2026 Aug 6, 2026 $0.03 $0.02 47.1%
March 31, 2026 May 7, 2026 $0.04 $0.02 68.1%
Dec. 31, 2025 $-0.02 $0.05 -150.1%
Sept. 30, 2025 $0.04 $0.06 -28.3%
June 30, 2025 $-0.02 $0.03 -175.5%
March 31, 2025 $0.05 $0.07 -25.9%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

15
Income Statement 18
Metric Trend 2025202420232022202120202019
Revenue $142M$139M$151M$169M$143M$88M$80M
Cost of Revenue $71M$64M$10M$6M$3M$1M$0
Gross Profit $72M$75M$84M$107M$89M$56M$48M
R&D Expense $21M$25M$23M$14M$11M$7M$4M
SG&A Expense $42M$38M$49M$58M$61M$33M$16M
Operating Expenses $90M$76M$117M$122M$99M$50M$47M
Operating Income $-18M$-820.0K$-33M$-15M$-10M$6M$1M
Interest Expense ··$5M$4M$3M$3M·
Interest Income $2M$1M·····
Other Non-op $2M$-2M·····
Pretax Income $-16M$-2M$-38M$-21M$-14M$3M$-2M
Income Tax $5M$8M$3M$6M$-174.0K$5M$-3M
Net Income $-21M$-10M$-41M$-27M$-14M$-2M$1M
EPS (Basic) $-0.23$-0.12$-0.50$-0.33$-0.36$-0.06$0.00
EPS (Diluted) $-0.23$-0.12$-0.50$-0.33$-0.36$-0.06$0.00
Shares (Basic) 92,283,97487,380,70882,493,22680,786,72538,039,22227,424,48025,921,890
Shares (Diluted) 92,283,97487,380,70882,493,22680,786,72538,039,22227,424,48025,921,890
EBITDA $-10M$6M$-28M$-10M$-5M··
Balance Sheet 26
Metric Trend 2025202420232022202120202019
Cash & Equivalents $63M$49M$48M$104M$98M$34M$10M
Receivables $13M$13M$14M$16M$16M$10M·
Prepaid Expense $6M$12M$6M$9M$7M$927.0K·
Other Current Assets $26M$21M$31M$22M$14M$3M·
Current Assets $153M$137M$137M$187M$158M$64M·
PP&E (Net) $13M$14M$14M$14M$16M$15M·
PP&E (Gross) $23M$23M$23M$22M$22M$20M·
Accum. Depreciation $10M$10M$9M$8M$6M$5M·
Intangibles $14M······
Other Non-current Assets $1M$1M$6M$664.0K$710.0K$833.0K·
Total Assets $186M$174M$177M$210M$183M$88M·
Accounts Payable $289.0K$196.0K$1M$1M$4M$2M·
Accrued Liabilities ·$157.0K$159.0K$291.0K$246.0K$73.0K·
Current Liabilities $46M$38M$68M$60M$54M$39M·
Capital Leases $5M$6M$6M$0$329.0K$1M·
Deferred Tax ····$0$916.0K·
Other Non-current Liabilities $2M$2M$2M$1M$153.0K$877.0K·
Total Liabilities $53M$45M$76M$113M$107M$74M·
Long-term Debt ··$8M$52M$68M$33M·
Total Debt ·$0$8M$52M$53M··
Common Stock $9.0K$9.0K$8.0K$7.0K$6.0K$0·
Paid-in Capital $305M$279M$242M$195M$143M$21M·
Retained Earnings $-172M$-151M$-141M$-98M$-66M$-52M·
Stockholders' Equity $133M$128M$101M$97M$77M$-31M$-48M
Liabilities + Equity $186M$174M$177M$210M$183M$88M·
Shares Outstanding 93,060,90291,376,76585,225,32882,429,36781,400,86029,366,94026,589,930
Cash Flow 16
Metric Trend 2025202420232022202120202019
D&A $8M$7M$5M$5M$5M$3M$3M
Stock-based Comp $27M$34M$41M$52M$15M$18M$2M
Deferred Tax $5.0K$-42.0K$-112.0K$29.0K$-868.0K$3M$-3M
Other Non-cash $6M$-6M$-3M$2M$141.0K··
Operating Cash Flow $20M$24M$2M$33M$5M$8M$12M
CapEx $17.0K$0$1M$585.0K$3M$2M$3M
Investing Cash Flow $-4M$-8M$-7M$-2M$-8M$-4M$-5M
Debt Issued ··$0$0$45M$0$0
Net Debt Issued $0$-23M$-45M$-595.0K$20M··
Stock Repurchased $9M$2M$3M$6M$0$0$14.0K
Net Stock Activity $-9M$-2M$-3M$-6M$0··
Financing Cash Flow $-3M$-22M$-45M$-8M$81M$9M$5M
Net Change in Cash $14M$-6M$-51M$22M$78M$12M$13M
Taxes Paid $6M$5M$4M$975.0K$7M$150.0K$216.0K
Free Cash Flow $20M$24M$175.0K$32M$3M··
Levered FCF ··$-5M$26M···
Profitability 8
Metric Trend 2025202420232022202120202019
Gross Margin 50.3%53.9%55.6%63.0%62.4%··
Operating Margin -12.7%-0.59%-22.0%-9.0%-7.2%··
Net Margin -15.0%-7.2%-27.5%-15.9%-9.5%··
Pretax Margin -11.5%-1.7%-25.5%-12.2%-9.6%··
EBITDA Margin -6.7%4.3%-18.6%-5.8%-3.5%··
ROA -11.9%-5.7%-21.4%-13.7%-10.0%··
ROE -16.2%-8.1%-42.4%-28.0%-45.6%··
ROIC -17.8%-2.7%-33.0%-13.4%-7.8%··
Liquidity & Solvency 5
Metric Trend 2025202420232022202120202019
Current Ratio 3.33.62.03.12.9··
Quick Ratio 1.61.60.92.02.1··
Debt / Equity ·0.00.10.50.7··
LT Debt / Equity ··0.00.50.7··
Interest Coverage ··-6.4-3.4···
Efficiency 2
Metric Trend 2025202420232022202120202019
Asset Turnover 0.80.80.80.91.1··
Receivables Turnover 11.210.510.010.511.1··
Per Share 5
Metric Trend 2025202420232022202120202019
Book Value / Share $1.43$1.40$1.18$1.18···
Revenue / Share $1.54$1.59$1.83$2.10$3.75··
Cash Flow / Share $0.22$0.27$0.02$0.41$0.14··
Cash / Share $0.68$0.53$0.56$1.26···
EPS (TTM) $-0.23$-0.12$-0.50$-0.33$-0.36··
Growth Rates 3
Metric Trend 2025202420232022202120202019
Revenue YoY 2.1%-7.6%-11.1%18.7%62.2%··
Revenue CAGR 3Y -5.7%-0.85%19.6%····
Revenue CAGR 5Y 10.0%······
Valuation (TTM) 14
Metric Trend 2025202420232022202120202019
Revenue TTM $142M$139M$151M$169M$143M··
Net Income TTM $-21M$-10M$-41M$-27M$-14M··
Market Cap $141M$306M$211M$728M···
Enterprise Value ·$257M$171M$676M···
P/E -6.6-27.9-4.9-26.8-122.2··
P/S 1.02.21.44.3···
P/B 1.12.42.17.5···
P / Tangible Book 1.12.42.17.5···
P / Cash Flow 7.012.8135.022.1···
P / FCF 7.012.81202.922.5···
EV / EBITDA ·42.9-6.1-68.7···
EV / FCF ·10.8975.220.9···
EV / Revenue ·1.81.14.0···
Earnings Yield -15.2%-3.6%-20.2%-3.7%-0.82%··

Most recent period on the left · null values shown as ·

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

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Metric 2025-12-312024-12-312023-12-312022-12-312021-12-31
Revenue $142M $139M $151M $169M $143M
Gross Margin % 50.3% 53.9% 55.6% 63.0% 62.4%
Operating Margin % -12.7% -0.59% -22.0% -9.0% -7.2%
Net Income $-21M $-10M $-41M $-27M $-14M
Diluted EPS $-0.23 $-0.12 $-0.50 $-0.33 $-0.36

Institutional owners (13F) 104 filers · $48.4M total · As of June 30, 2026

17

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Holders 104
Value held $48.4M
New positions 26
Exited positions 26
Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
26 (+4 vs prior Q) 26 (0 vs prior Q) 32 (-4 vs prior Q) 30 (0 vs prior Q) -4.7M

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution Value Shares % of tracked 13F Type
VANGUARD GROUP INC $7,060,376 4,675,746 14.60% Shares
Parallel Advisors, LLC $4,768,626 2,664,037 9.86% Shares
VANGUARD CAPITAL MANAGEMENT LLC $4,222,918 2,359,172 8.73% Shares
AQR CAPITAL MANAGEMENT LLC $3,733,683 2,085,857 7.72% Shares
Palogic Value Management, L.P. $3,165,536 1,768,456 6.55% Shares
CastleKnight Management LP $3,096,811 1,730,062 6.40% Shares
VANGUARD PORTFOLIO MANAGEMENT LLC $2,095,088 1,170,440 4.33% Shares
BlackRock, Inc. $1,985,524 1,109,231 4.11% Shares
JANE STREET GROUP, LLC $1,847,873 1,032,331 3.82% Shares
FORMULA GROWTH LTD $1,566,250 875,000 3.24% Shares
MARSHALL WACE, LLP $1,345,675 751,773 2.78% Shares
RENAISSANCE TECHNOLOGIES LLC $1,336,593 746,700 2.76% Shares
GEODE CAPITAL MANAGEMENT, LLC $1,187,635 663,229 2.46% Shares
MILLENNIUM MANAGEMENT LLC $909,304 507,991 1.88% Shares
TWO SIGMA INVESTMENTS, LP $907,492 506,979 1.88% Shares
VANGUARD FIDUCIARY TRUST CO $703,101 392,794 1.45% Shares
MORGAN STANLEY $600,969 335,737 1.24% Shares
CHARLES SCHWAB INVESTMENT MANAGEMENT INC $466,821 260,794 0.97% Shares
UBS Group AG $460,554 257,293 0.95% Shares
IEQ CAPITAL, LLC $455,054 254,220 0.94% Shares
STATE STREET CORP $436,189 243,681 0.90% Shares
Wealthspire Advisors, LLC $426,969 238,530 0.88% Shares
TWO SIGMA ADVISERS, LP $399,244 264,400 0.83% Shares
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP $365,720 204,313 0.76% Shares
CITADEL ADVISORS LLC $310,669 173,558 0.64% Shares
GOLDMAN SACHS GROUP INC $282,691 157,928 0.58% Shares
NORTHERN TRUST CORP $269,556 150,590 0.56% Shares
Pale Fire Capital SE $240,592 134,409 0.50% Shares
RBF Capital, LLC $214,800 120,000 0.44% Shares
Aster Capital Management (DIFC) Ltd $211,202 117,990 0.44% Shares
Bank of New York Mellon Corp $197,747 110,473 0.41% Shares
Mariner, LLC $182,368 101,888 0.38% Shares
BRIDGEWAY CAPITAL MANAGEMENT, LLC $168,797 94,300 0.35% Shares
BARCLAYS PLC $159,177 88,926 0.33% Shares
BANK OF AMERICA CORP /DE/ $157,105 87,768 0.32% Shares
Creative Planning $154,903 86,538 0.32% Shares
Cerity Partners LLC $150,618 84,144 0.31% Shares
HSBC HOLDINGS PLC $146,924 82,774 0.30% Shares
DIMENSIONAL FUND ADVISORS LP $139,708 78,173 0.29% Shares
XTX Topco Ltd $115,928 64,764 0.24% Shares
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC $104,621 55,355 0.22% Shares
FRANKLIN RESOURCES INC $99,549 55,614 0.21% Shares
Williams & Novak, LLC $95,998 53,630 0.20% Shares
MERCER GLOBAL ADVISORS INC /ADV $94,231 52,643 0.19% Shares
Connor, Clark & Lunn Investment Management Ltd. $94,100 52,570 0.19% Shares
FMR LLC $81,896 45,752 0.17% Shares
PRENTISS SMITH & CO INC $76,048 42,485 0.16% Shares
Vanguard Personalized Indexing Management, LLC $70,573 39,426 0.15% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $69,294 38,712 0.14% Shares
Balyasny Asset Management L.P. $66,923 37,387 0.14% Shares

Show all 104 institutional owners →

Company insiders 10 insiders · 3 officers · 9 directors

19
Insider Role Last activity Shares owned Buys 12m Sells 12m Net 12m
David Michael Barrett Chief Executive Officer June 23, 2026 A 221,144 0 13 $-391,669
Ryan Schaffer Chief Financial Officer June 23, 2026 A 238,671 0 4 $-14,844
Anuradha Muralidharan Chief Operating Officer Dec. 15, 2025 M 80,938 0 1 $-811
Ying Liu Director July 5, 2026 A 183,200 0 0 $0
Daniel Vidal Director June 23, 2026 A 454,545 0 5 $-32,139
Jason Fahr Mills Director June 23, 2026 A 549,634 0 4 $-21,525
Divo Carlos Eduardo Alvarez Director June 15, 2026 S 234,080 0 8 $-85,785
Ellen Pao Director May 22, 2026 A 292,770 0 0 $0
Timothy L Christen Director May 22, 2026 A 413,516 1 0 $57,200
David Martirano · June 3, 2022 J 429,544 0 0 $0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

ETF ownership Held by 4 ETFs

20

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund Weight Units As of Source
IWC · iShares Trust 0.04% 241,435 SH Sept. 11, 2026 Daily
VXF · VANGUARD INDEX FUNDS 0.00% 636,119 SH Aug. 19, 2026 Daily
VTI · VANGUARD INDEX FUNDS 0.00% 1,664,862 SH Aug. 19, 2026 Daily
VGT · VANGUARD WORLD FUND 0.00% 1,170,440 SH Aug. 19, 2026 Daily

EXFY Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

21
rating · 9 analysts BUY
Median target $3.00 +33.3%
2 22.2% Strong Buy
4 44.4% Buy
3 33.3% Hold
0 0.0% Sell
0 0.0% Strong Sell

12-Month Price Target

3 analysts · 2026-10-01

Mean target $2.83 +25.9%

← Below all targets Current price $2.25
Low$2.50 Mean$2.83 High$3.00

Peer comparison (GICS sub-industry) Key metrics vs sector peers

22

FY basis, prices as of each company's last fiscal year-end close.

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
EXFY $141M -6.6 2.1% -15.0% -16.2% 50.3%
SLNH $120M -0.5 -21.8% -179.7% -260.1% 6.0%
BLND $778M -30.4 6.8% -5.5% 31.0% 73.8%
QMLS · · · · · ·
KLTR $242M -20.5 1.2% -6.7% -103.7% 70.6%
TONX $112M -0.3 1327.8% -1161.9% -70.2% ·
EGAN $165M 19.7 3.1% 9.7% 10.3% 73.4%
PLTR $425.03B 282.1 56.2% 36.3% 26.2% 82.4%

Latest News Recent headlines mentioning this company

23

My Metrics Your personal watchlist — selected rows from Full Fundamentals

26

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Source: SEC 10-Q filed Aug 6, 2026