Expensify, Inc. (EXFY)

From the record

Expensify, Inc.'s filings since 2017 show 3 warning events of 3 kinds: a notice about its exchange listing (8-K item 3.01, the latest 2026-04-21); an auditor change (8-K item 4.01, the latest 2025-03-10); a late-report notice (Form NT 10-K or NT 10-Q, the latest 2023-03-02) (its current reports).

From the record

Expensify, Inc.'s 7 filed years say what it did: revenue went from $80 million in fiscal 2019 to $142 million in fiscal 2025, up 9.9% a year; it rose in 4 of 6 years; the deepest fall was 18% from fiscal 2022 to fiscal 2024; net income was positive in 1 of 7 of those years (its annual reports).

From the record

Over the 3 fiscal years to 2025-12-31, Expensify, Inc.'s diluted share count grew about 4.5% a year, and dividends and buybacks returned about 30% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 32 sales (11 under scheduled 10b5-1 plans) and 0 purchases of their own stock on the open market in the year to 2026-11-12 (their Form 4 filings).

From the record

Return on equity: in the fiscal year ended 2025-12-31, Expensify, Inc. lost about 16 cents for every dollar of shareholders' money, and gross profitability: its products earned about 38 cents per dollar of everything the company owns. Leverage: it owed about 29 cents per dollar of assets, and net share issuance: its share count grew 5.6% over the year (the filed statements).

From the record

Expensify, Inc.'s standing among 218 graded names in its industry family: revenue of $142 million in fiscal 2025 ranks in the bottom 31% by size; a net margin of -15.1% ranks in the bottom 35%; revenue growth of -5.7% a year over the last 3 filed years ranks in the bottom 14% (its annual reports).

From the record

Expensify, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Barrett, David Michael (Chief Executive Officer, as filed), filing under that title since 2021-11-09, 5 years (top 46% of its family); most of the 9 officers and directors filing now have filed since the record of its people begins (2021-11-09), a floor of 5 years the record cannot see past, so that part is not read; 1 officer or director change was reported on Form 8-K since 2023-11-13, against the 9 people in charge now (top 8%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

From the record

Expensify, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $105 million against no long-term debt tagged leaves 56.3% of its assets as net cash, top 8% of its family; cash from operations less capital spending is 14.1% of revenue (top 49%); a gross margin of 50.3% (bottom 27%); research spending of 14.6% of revenue (bottom 30%) (its annual report).

From the record

Expensify, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew -5.7% a year over the last three filed years against 9.9% over all 7, slowing (bottom 25% of its family); the newest year grew 2.1% (bottom 23%); research spending grew 14.7% a year (top 28%); capital spending grew -69.2% a year (bottom 3%) (its annual reports). Expensify, Inc. tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

From the record

Expensify, Inc.'s newest year against its own record: revenue of $142 million in fiscal 2025 came in 12.6% above the $126 million its prior three years' pace pointed to (top 17% of its family); net income of $21 million against a prior three-year average of $26 million (bottom 36%); a net margin of -15.1% against -16.9% before (bottom 33%) (its annual reports).