Expensify, Inc.

EXFY

EXFYExpensify, Inc. US flag

NASDAQ Global Select

1.78

USD

- -

171.66MMarket Cap

Income Statement (USD)

API ChatGPT

	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Sales/Revenue/Turnover	80	88	143	169	151	139	142
+ Sales & Services Revenue	80	88	143	169	151	139	142
- Cost of Revenue	32	32	54	63	67	64	71
+ Cost of Goods & Services	32	32	54	63	67	64	71
Gross Profit	48	56	89	107	84	75	72
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	47	50	99	122	117	76	90
+ Selling, General & Admin	43	43	88	108	94	51	69
+ Research & Development	4	7	11	14	23	25	21
+ Other Operating Expense	- -	- -	- -	- -	- -	- -	- -
Operating Income (Loss)	1	6	-10	-15	-33	-1	-18
- Non-Operating (Income) Loss	3	3	3	5	5	2	-2
+ Interest Expense, Net	3	3	3	5	5	2	- -
+ Interest Expense	3	3	3	5	5	2	- -
- Interest Income	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	- -	- -	- -	- -	- -	- -	-2
Pretax Income	-2	3	-14	-21	-38	-2	-16
- Income Tax Expense (Benefit)	-3	5	- -	6	3	8	5
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	1	-2	-14	-27	-41	-10	-21
- Net Extraordinary Losses (Gains)	1	- -	- -	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	1	- -	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	- -	-2	-14	-27	-41	-10	-21
- Minority Interest	-1	- -	- -	- -	- -	- -	- -
Net Income, GAAP	1	-2	-14	-27	-41	-10	-21
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	1	-2	-14	-27	-41	-10	-21
EBIT	1	6	-10	-15	-33	-1	-18
EBITDA	4	9	-5	-10	-28	6	-10
EBITDA Margin (%)	5.09	10.13	-3.54	-5.81	-18.57	4.3	-6.73
EBITA	1	6	-10	-15	-33	-1	-18
Gross Margin (%)	60.25	63.2	62.41	63.03	55.61	53.86	50.34
Operating Margin (%)	1.55	6.44	-7.18	-8.99	-22	-0.59	-12.68
Profit Margin (%)	1.54	-1.94	-9.49	-15.93	-27.51	-7.22	-15.05
Sales per Employee	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	- -	- -	- -	- -	- -	- -	- -
Depreciation Expense	3	3	5	5	5	7	8
Basic Weighted Avg Shares	31	31	38	81	82	87	92
Basic EPS, GAAP	0.04	-0.05	-0.36	-0.33	-0.5	-0.12	-0.23
Basic EPS from Cont Ops	0.04	-0.05	-0.36	-0.33	-0.5	-0.12	-0.23
Diluted Weighted Avg Shares	41	41	38	81	82	87	92
Diluted EPS, GAAP	0.03	-0.04	-0.36	-0.33	-0.5	-0.12	-0.23
Diluted EPS from Cont Ops	0.03	-0.04	-0.36	-0.33	-0.5	-0.12	-0.23

Balance Sheet (USD)

API ChatGPT

	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Current Assets	51	64	158	187	137	137	153
+ Cash, Cash Equivalents & STI	10	34	98	104	48	49	63
+ Cash & Cash Equivalents	10	34	98	104	48	49	63
+ ST Investments	- -	- -	- -	- -	- -	- -	- -
+ Accounts & Notes Receiv	8	12	21	19	17	13	13
+ Accounts Receivable, Net	8	10	16	16	14	13	13
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	1	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	1	5	2	3	- -	- -
+ Inventories	- -	- -	- -	- -	- -	- -	- -
+ Raw Materials	- -	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	33	17	38	64	73	75	77
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	26	24	26	23	40	37	33
+ Property, Plant & Equip, Net	19	19	18	15	21	19	18
+ Property, Plant & Equip	22	24	24	23	30	29	28
- Accumulated Depreciation	3	5	6	8	9	10	10
+ LT Investments & Receivables	- -	- -	- -	- -	- -	- -	- -
+ LT Investments	- -	- -	- -	- -	- -	- -	- -
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	7	5	7	8	19	18	15
+ Total Intangible Assets	3	4	6	7	12	16	14
+ Goodwill	- -	- -	- -	- -	- -	- -	- -
+ Other Intangible Assets	3	4	6	7	12	16	14
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	4	1	1	1	6	2	2
Total Assets	77	88	183	210	177	174	186
+ Payables & Accruals	4	6	12	8	9	7	16
+ Accounts Payable	3	2	4	1	1	- -	- -
+ Accrued Taxes	- -	1	5	3	3	3	2
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	1	2	3	4	5	3	14
+ ST Debt	9	19	17	16	23	1	1
+ ST Borrowings	7	17	16	16	23	- -	- -
+ ST Finance Leases	2	2	2	1	- -	1	1
+ Other ST Liabilities	31	14	25	36	35	30	30
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	31	14	25	36	35	30	30
Total Current Liabilities	45	39	54	60	68	38	46
+ LT Debt	35	33	53	51	6	6	5
+ LT Borrowings	33	30	52	51	- -	- -	- -
+ LT Finance Leases	3	2	1	- -	6	6	5
+ Other LT Liabilities	45	47	- -	1	2	2	2
+ Accrued Liabilities	- -	1	- -	- -	- -	- -	- -
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	45	46	- -	1	2	2	2
Total Noncurrent Liabilities	80	80	53	53	8	7	7
Total Liabilities	125	119	107	113	76	45	53
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	2	21	143	195	242	279	305
+ Common Stock	- -	- -	- -	- -	- -	- -	- -
+ Additional Paid in Capital	2	21	143	195	242	279	305
- Treasury Stock	- -	- -	- -	- -	- -	- -	- -
+ Retained Earnings	-51	-52	-66	-98	-141	-151	-172
+ Other Equity	- -	- -	- -	- -	- -	- -	- -
Equity Before Minority Interest	-48	-31	77	97	101	128	133
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -
Total Equity	-48	-31	77	97	101	128	133
Total Liabilities & Equity	77	88	183	210	177	174	186
Shares Outstanding	81	81	81	82	85	91	93
Number of Employees	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	5	4	2	1	7	6	6
Net Debt	29	13	-31	-37	-25	-49	-63
Net Debt to Equity	-60.78	-43.09	-40.18	-37.85	-24.67	-38.03	-47.52
Tangible Common Equity Ratio	-69.81	-41.37	39.73	44.43	53.72	71.14	69.11
Current Ratio	1.13	1.62	2.94	3.1	2.02	3.6	3.3
Cash Conversion Cycle	- -	7.09	12.22	20.62	29.9	30.17	31.26

Cash Flow Statement (USD)

API ChatGPT

	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

+ Net Income	1	-2	-14	-27	-41	-10	-21
+ Depreciation & Amortization	3	3	5	5	5	7	8
+ Non-Cash Items	- -	23	15	54	43	35	28
+ Stock-Based Compensation	2	18	15	52	41	34	27
+ Deferred Income Taxes	-3	3	-1	- -	- -	- -	- -
+ Asset Impairment Charge	- -	- -	- -	1	1	1	1
+ Other Non-Cash Adj	1	1	1	1	1	1	1
+ Chg in Non-Cash Work Cap	8	-17	-1	1	-5	-8	5
+ (Inc) Dec in Accts Receiv	-2	-2	-5	-1	2	1	- -
+ (Inc) Dec in Inventories	- -	- -	- -	- -	- -	- -	- -
+ (Inc) Dec in Prepaid Assets	4	- -	-7	-1	3	-1	7
+ Inc (Dec) in Accts Payable	1	1	9	-4	1	-1	10
+ Inc (Dec) in Other	6	-16	2	7	-12	-5	-11
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	12	8	5	33	2	24	20
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-5	-4	-8	-2	-7	-8	-4
+ Acq of Fixed Prod Assets	-3	-2	-3	-1	-1	- -	- -
+ Acq of Intangible Assets	-2	-2	-5	-2	-6	-8	-4
+ Cash (Repurchase) of Equity	- -	- -	58	-2	1	3	-3
+ Increase in Capital Stock	- -	- -	58	4	4	4	6
+ Decrease in Capital Stock	- -	- -	- -	-6	-3	-2	-9
+ Net Change in LT Investment	- -	- -	- -	- -	- -	- -	- -
+ Dec in LT Investment	- -	- -	- -	- -	- -	- -	- -
+ Inc in LT Investment	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Acq & Div	- -	- -	- -	- -	- -	- -	- -
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	- -	- -	- -	- -	- -	- -	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-5	-4	-8	-2	-7	-8	-4
+ Dividends Paid	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Debt	5	7	19	-1	-45	-23	- -
+ Cash From Debt	6	10	45	- -	- -	- -	- -
+ Repayments of Debt	-1	-2	-26	-1	-45	-23	- -
+ Other Financing Activities	- -	1	4	-5	-1	-2	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	5	9	81	-8	-45	-22	-3
Effect of Foreign Exchange Rates	- -	- -	- -	- -	- -	- -	- -
Net Changes in Cash	13	12	78	22	-51	-6	14
EBITDA	4	9	-5	-10	-28	6	-10
EBITDA Margin (%)	5.09	10.13	-3.54	-5.81	-18.57	4.3	-6.73
Free Cash Flow	8	3	-2	31	-6	16	17
Net Cash Paid for Acquisitions	- -	- -	- -	- -	- -	- -	- -
Free Cash Flow to Firm	- -	2	- -	- -	- -	- -	- -
Free Cash Flow to Equity	- -	13	22	31	-45	1	20
Free Cash Flow per Basic Share	0.24	0.11	-0.06	0.38	-0.07	0.19	0.18
Price/Free Cash Flow	- -	- -	127.77	20.33	23.02	9.29	5.89
Cash Flow to Net Income	10.02	-4.44	-0.4	-1.22	-0.04	-2.37	-0.94
Capital Expenditures	-5	-4	-8	-2	-7	-8	-4