Expensify Inc Class A (EXFY) financials
Expensify revenue and earnings by year
Expensify's revenue was $142 million in the fiscal year to December 31, 2025, up 2.1% from the year before. Net income was -$21.4 million, -15.1% of revenue. Since the fiscal year to December 31, 2019, revenue has grown 9.9% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 7 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|---|---|
| Revenue | 142 | 139 | 151 | 169 | 143 | 88 | 80 |
| Revenue growth | 2.1% | -7.6% | -11.1% | 18.7% | 62.2% | 9.5% | — |
| Gross profit | 72 | 75 | 84 | 107 | 89 | 56 | 48 |
| Gross margin | 50.3% | 53.9% | 55.6% | 63.0% | 62.4% | 63.2% | 60.2% |
| Operating income | -18 | -1 | -33 | -15 | -10 | 6 | 1 |
| Operating margin | -12.7% | -0.6% | -22.0% | -9.0% | -7.2% | 6.4% | 1.5% |
| Net income | -21 | -10 | -41 | -27 | -14 | -2 | 1 |
| Net margin | -15.1% | -7.2% | -27.5% | -15.9% | -9.5% | -1.9% | 1.5% |
| Diluted EPS | -$0.23 | -$0.12 | -$0.50 | -$0.33 | -$0.36 | — | — |
| Free cash flow | 17 | 16 | -6 | 31 | -2 | 3 | 8 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open EXFY in Markets.
How Expensify makes money
Revenue by segment in the quarter to June 30, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| Subscription Fees | $30.8M | 83.6% |
| Interchange | $5.92M | 16.1% |
| Product & Service Other | $122K | 0.3% |
See also: EXFY returns
No forecast, no recommendation. This page describes Expensify Inc Class A from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.