AnalystBook Research · Company Intelligence

Expensify, Inc.

EXFYNasdaq

Built from Expensify, Inc.'s own SEC filings · updates as new filings land · sources cited throughout

or browse all covered companies

← Research LibraryThe BriefFY2025 10-K · headline figures audited against SEC data

Expensify stayed cash-generative, but FY2025 was card-led revenue growth with weaker margins and a wider GAAP loss.

The read at a glance✓ Audited against SEC data
  • Growth — Revenue +2.1% to $142.1MNote
  • Profitability — Net loss widened to $21.4MWatch
  • Cash quality — FCF $20.1M despite the lossOK
  • Margins — Gross -352 bps; operating margin -1209 bpsWatch
  • Capital — Buybacks $9.1M; no dividendNote
  • Insiders — 6 buys / 54 sellsNote
  • Accounting — Altman safe; no Beneish flagOK
  • Balance sheet — Equity +3.5% to $132.7MOK

Business

Expensify is cloud expense-management software built around receipt scanning, reimbursement, corporate cards, bill pay, invoicing, payments, and travel workflows. At December 31, 2025, it had added over 15M members to its community and processed over 1.8B expense transactions.

Where the revenue comes from

Fiscal 2025, as Expensify, Inc. reports it. History and quarterly detail are in the app.

  • Subscription fees$130.5M
  • Interchange$21.3M
  • Other$365K

Leadership changes

From Expensify, Inc.'s own filings, the day they're filed.

  • Anu Muralidharan · Chief Operating Officer · departureeff. 2025-12-29
  • Daniel Vidal · Chief Strategy Officer · departureeff. 2025-12-29
  • Carlos Alvarez Divo · Director · departureeff. 2025-12-29

Latest filings

  • 10-Q · Quarterly report2026-08-06
  • 8-K · Company announcement2026-08-06
  • 8-K · Company announcement2026-05-29
  • 8-K · Company announcement2026-05-27
  • 8-K · Company announcement2026-05-13
In the full recordFree for 14 days
  • What changed🔒
  • Insider signal🔒
  • Growth quality🔒
  • Margins & accounting🔒
  • Capital allocation🔒
  • Real risks🔒
  • The long arc🔒
  • Company history🔒
  • The filings, readable — with what changed vs the prior year highlighted🔒
  • Full financial statements, industry-aware, sources cited throughout🔒
  • Forensic score history & components — the trend, not one year🔒
  • Ownership: insider buys/sells, clusters, activist stakes🔒
  • Ana — ask about Expensify, Inc., every answer cited to the official filings🔒

Every figure comes from the company's filings, and analysis whose figures don't match SEC data is rejected before publication.

See the full EXFY record — start free

14-day free trial, no credit card. For research purposes only; not investment advice.