vs
Side-by-side financial comparison of Expensify, Inc. (EXFY) and First Foundation Inc. (FFWM). Click either name above to swap in a different company.
First Foundation Inc. is the larger business by last-quarter revenue ($48.4M vs $35.2M, roughly 1.4× Expensify, Inc.). On growth, First Foundation Inc. posted the faster year-over-year revenue change (421.7% vs -4.9%). Over the past eight quarters, Expensify, Inc.'s revenue compounded faster (2.4% CAGR vs -2.7%).
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.
John B. Lacson Colleges Foundation (Bacolod), Inc. is a private maritime college in Bacolod, Negros Occidental, Philippines.
EXFY vs FFWM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $35.2M | $48.4M |
| Net Profit | — | $-8.0M |
| Gross Margin | 49.2% | — |
| Operating Margin | -11.2% | -97.5% |
| Net Margin | — | -97.9% |
| Revenue YoY | -4.9% | 421.7% |
| Net Profit YoY | — | 43.0% |
| EPS (diluted) | $-0.07 | $-0.09 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $35.2M | $48.4M | ||
| Q3 25 | $35.1M | $63.6M | ||
| Q2 25 | $35.8M | $51.4M | ||
| Q1 25 | $36.1M | $71.4M | ||
| Q4 24 | $37.0M | $9.3M | ||
| Q3 24 | $35.4M | $9.2M | ||
| Q2 24 | $33.3M | $57.5M | ||
| Q1 24 | $33.5M | $51.1M |
| Q4 25 | — | $-8.0M | ||
| Q3 25 | $-2.3M | $-146.3M | ||
| Q2 25 | $-8.8M | $-7.7M | ||
| Q1 25 | $-3.2M | $6.9M | ||
| Q4 24 | — | $-14.1M | ||
| Q3 24 | $-2.2M | $-82.2M | ||
| Q2 24 | $-2.8M | $3.1M | ||
| Q1 24 | $-3.8M | $793.0K |
| Q4 25 | 49.2% | — | ||
| Q3 25 | 49.6% | — | ||
| Q2 25 | 51.9% | — | ||
| Q1 25 | 50.6% | — | ||
| Q4 24 | 51.0% | — | ||
| Q3 24 | 51.6% | — | ||
| Q2 24 | 56.9% | — | ||
| Q1 24 | 56.5% | — |
| Q4 25 | -11.2% | -97.5% | ||
| Q3 25 | -6.4% | -92.7% | ||
| Q2 25 | -28.9% | -21.1% | ||
| Q1 25 | -4.1% | 8.8% | ||
| Q4 24 | 1.3% | -247.7% | ||
| Q3 24 | 0.8% | -1276.7% | ||
| Q2 24 | 0.7% | 4.6% | ||
| Q1 24 | -5.3% | -0.2% |
| Q4 25 | — | -97.9% | ||
| Q3 25 | -6.6% | -230.1% | ||
| Q2 25 | -24.6% | -15.0% | ||
| Q1 25 | -8.8% | 9.7% | ||
| Q4 24 | — | -152.2% | ||
| Q3 24 | -6.2% | -896.9% | ||
| Q2 24 | -8.3% | 5.4% | ||
| Q1 24 | -11.3% | 1.6% |
| Q4 25 | $-0.07 | $-0.09 | ||
| Q3 25 | $-0.03 | $-1.78 | ||
| Q2 25 | $-0.10 | $-0.09 | ||
| Q1 25 | $-0.03 | $0.08 | ||
| Q4 24 | $-0.03 | $-0.24 | ||
| Q3 24 | $-0.02 | $-1.23 | ||
| Q2 24 | $-0.03 | $0.05 | ||
| Q1 24 | $-0.04 | $0.01 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $63.1M | $1.6B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $132.7M | $912.6M |
| Total Assets | $186.0M | $11.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $63.1M | $1.6B | ||
| Q3 25 | $61.5M | $1.7B | ||
| Q2 25 | $60.5M | $1.1B | ||
| Q1 25 | $59.6M | $1.0B | ||
| Q4 24 | $48.8M | $1.0B | ||
| Q3 24 | $39.2M | $1.1B | ||
| Q2 24 | $53.2M | $1.4B | ||
| Q1 24 | $49.3M | $1.6B |
| Q4 25 | $132.7M | $912.6M | ||
| Q3 25 | $135.7M | $917.9M | ||
| Q2 25 | $131.8M | $1.1B | ||
| Q1 25 | $134.7M | $1.1B | ||
| Q4 24 | $128.2M | $1.1B | ||
| Q3 24 | $119.9M | $1.1B | ||
| Q2 24 | $114.0M | $933.2M | ||
| Q1 24 | $106.5M | $928.7M |
| Q4 25 | $186.0M | $11.9B | ||
| Q3 25 | $186.8M | $11.9B | ||
| Q2 25 | $187.1M | $11.6B | ||
| Q1 25 | $189.2M | $12.6B | ||
| Q4 24 | $173.7M | $12.6B | ||
| Q3 24 | $176.2M | $13.4B | ||
| Q2 24 | $192.9M | $13.7B | ||
| Q1 24 | $184.8M | $13.6B |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $2.2M | $-31.9M |
| Free Cash FlowOCF − Capex | — | $-35.2M |
| FCF MarginFCF / Revenue | — | -72.8% |
| Capex IntensityCapex / Revenue | — | 6.9% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-45.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.2M | $-31.9M | ||
| Q3 25 | $4.2M | $9.2M | ||
| Q2 25 | $8.9M | $-16.3M | ||
| Q1 25 | $4.8M | $-552.0K | ||
| Q4 24 | $7.4M | $-8.7M | ||
| Q3 24 | $3.7M | $14.2M | ||
| Q2 24 | $9.3M | $-9.1M | ||
| Q1 24 | $3.5M | $7.2M |
| Q4 25 | — | $-35.2M | ||
| Q3 25 | — | $8.6M | ||
| Q2 25 | — | $-16.7M | ||
| Q1 25 | — | $-2.5M | ||
| Q4 24 | — | $-11.4M | ||
| Q3 24 | — | $13.4M | ||
| Q2 24 | — | $-9.4M | ||
| Q1 24 | — | $5.9M |
| Q4 25 | — | -72.8% | ||
| Q3 25 | — | 13.5% | ||
| Q2 25 | — | -32.4% | ||
| Q1 25 | — | -3.5% | ||
| Q4 24 | — | -123.5% | ||
| Q3 24 | — | 146.2% | ||
| Q2 24 | — | -16.3% | ||
| Q1 24 | — | 11.6% |
| Q4 25 | — | 6.9% | ||
| Q3 25 | 0.0% | 1.0% | ||
| Q2 25 | — | 0.8% | ||
| Q1 25 | — | 2.8% | ||
| Q4 24 | 0.0% | 29.4% | ||
| Q3 24 | 0.0% | 9.0% | ||
| Q2 24 | 0.0% | 0.4% | ||
| Q1 24 | 0.0% | 2.5% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -0.08× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | -2.96× | ||
| Q1 24 | — | 9.09× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
