Expensify, Inc.EXFYEarnings & Financial Report
Expensify, Inc. is a software company that develops an expense management system for personal and business use. Expensify also offers a business credit card called the Expensify Card.
EXFY Q3 2025 Key Financial Metrics
Revenue
$35.1M
Gross Profit
$17.4M
Operating Profit
$-2.3M
Net Profit
$-2.3M
Gross Margin
49.6%
Operating Margin
-6.4%
Net Margin
-6.6%
YoY Growth
-1.0%
EPS
$-0.03
Financial Flow
Expensify, Inc. Q3 2025 Financial Summary
Expensify, Inc. reported revenue of $35.1M for Q3 2025, with a net profit of $-2.3M (-6.6% margin). Cost of goods sold was $17.7M, operating expenses totaled $19.7M.
Key Financial Metrics
| Total Revenue | $35.1M |
|---|---|
| Net Profit | $-2.3M |
| Gross Margin | 49.6% |
| Operating Margin | -6.4% |
| Report Period | Q3 2025 |
Expensify, Inc. Annual Revenue by Year
Expensify, Inc. annual revenue history includes year-by-year totals (for example, 2024 revenue was $139.2M).
| Year | Annual Revenue |
|---|---|
| 2024 | $139.2M |
| 2023 | $150.7M |
| 2022 | $169.5M |
Income Statement
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $35.2M | $33.5M | $33.3M | $35.4M | $37.0M | $36.1M | $35.8M | $35.1M |
| YoY Growth | -19.0% | -16.4% | -14.4% | -3.0% | 5.1% | 7.6% | 7.4% | -1.0% |
Balance Sheet
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $176.8M | $184.8M | $192.9M | $176.2M | $173.7M | $189.2M | $187.1M | $186.8M |
| Liabilities | $76.0M | $78.3M | $78.9M | $56.3M | $45.4M | $54.6M | $55.3M | $51.2M |
| Equity | $100.7M | $106.5M | $114.0M | $119.9M | $128.2M | $134.7M | $131.8M | $135.7M |
Cash Flow
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-543000 | $3.5M | $9.3M | $3.7M | $7.4M | $4.8M | $8.9M | $4.2M |
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