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Side-by-side financial comparison of Expensify, Inc. (EXFY) and FGI Industries Ltd. (FGI). Click either name above to swap in a different company.
Expensify, Inc. is the larger business by last-quarter revenue ($35.2M vs $30.5M, roughly 1.2× FGI Industries Ltd.). On growth, Expensify, Inc. posted the faster year-over-year revenue change (-4.9% vs -14.4%). Over the past eight quarters, Expensify, Inc.'s revenue compounded faster (2.4% CAGR vs -0.5%).
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.
FGI Industries Ltd is a global designer, manufacturer and distributor of kitchen and bath products, home organization solutions, and home improvement goods. It serves major retail chains, home specialty stores and e-commerce platforms across North America, Europe and the Asia-Pacific region.
EXFY vs FGI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $35.2M | $30.5M |
| Net Profit | — | $-2.6M |
| Gross Margin | 49.2% | 26.7% |
| Operating Margin | -11.2% | -2.2% |
| Net Margin | — | -8.6% |
| Revenue YoY | -4.9% | -14.4% |
| Net Profit YoY | — | -553.1% |
| EPS (diluted) | $-0.07 | $-1.63 |
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 | $30.5M | ||
| Q3 25 | $35.1M | $35.8M | ||
| Q2 25 | $35.8M | $31.0M | ||
| Q1 25 | $36.1M | $33.2M | ||
| Q4 24 | $37.0M | $35.6M | ||
| Q3 24 | $35.4M | $36.1M | ||
| Q2 24 | $33.3M | $29.4M | ||
| Q1 24 | $33.5M | $30.8M |
| Q4 25 | — | $-2.6M | ||
| Q3 25 | $-2.3M | $-1.7M | ||
| Q2 25 | $-8.8M | $-1.2M | ||
| Q1 25 | $-3.2M | $-629.1K | ||
| Q4 24 | — | $-402.3K | ||
| Q3 24 | $-2.2M | $-550.1K | ||
| Q2 24 | $-2.8M | $163.6K | ||
| Q1 24 | $-3.8M | $-412.2K |
| Q4 25 | 49.2% | 26.7% | ||
| Q3 25 | 49.6% | 26.5% | ||
| Q2 25 | 51.9% | 28.1% | ||
| Q1 25 | 50.6% | 26.8% | ||
| Q4 24 | 51.0% | 24.6% | ||
| Q3 24 | 51.6% | 25.8% | ||
| Q2 24 | 56.9% | 30.5% | ||
| Q1 24 | 56.5% | 27.4% |
| Q4 25 | -11.2% | -2.2% | ||
| Q3 25 | -6.4% | 1.0% | ||
| Q2 25 | -28.9% | -2.7% | ||
| Q1 25 | -4.1% | -3.9% | ||
| Q4 24 | 1.3% | -3.5% | ||
| Q3 24 | 0.8% | -0.2% | ||
| Q2 24 | 0.7% | -1.5% | ||
| Q1 24 | -5.3% | -1.0% |
| Q4 25 | — | -8.6% | ||
| Q3 25 | -6.6% | -4.6% | ||
| Q2 25 | -24.6% | -4.0% | ||
| Q1 25 | -8.8% | -1.9% | ||
| Q4 24 | — | -1.1% | ||
| Q3 24 | -6.2% | -1.5% | ||
| Q2 24 | -8.3% | 0.6% | ||
| Q1 24 | -11.3% | -1.3% |
| Q4 25 | $-0.07 | $-1.63 | ||
| Q3 25 | $-0.03 | $-0.86 | ||
| Q2 25 | $-0.10 | $-0.64 | ||
| Q1 25 | $-0.03 | $-0.07 | ||
| Q4 24 | $-0.03 | $-0.38 | ||
| Q3 24 | $-0.02 | $-0.29 | ||
| Q2 24 | $-0.03 | $0.08 | ||
| Q1 24 | $-0.04 | $-0.04 |
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 | $1.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $132.7M | $17.3M |
| Total Assets | $186.0M | $69.5M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $63.1M | $1.9M | ||
| Q3 25 | $61.5M | $1.9M | ||
| Q2 25 | $60.5M | $2.5M | ||
| Q1 25 | $59.6M | $1.2M | ||
| Q4 24 | $48.8M | $4.6M | ||
| Q3 24 | $39.2M | $3.0M | ||
| Q2 24 | $53.2M | $1.3M | ||
| Q1 24 | $49.3M | $3.3M |
| Q4 25 | $132.7M | $17.3M | ||
| Q3 25 | $135.7M | $19.7M | ||
| Q2 25 | $131.8M | $21.3M | ||
| Q1 25 | $134.7M | $21.8M | ||
| Q4 24 | $128.2M | $22.3M | ||
| Q3 24 | $119.9M | $23.5M | ||
| Q2 24 | $114.0M | $23.8M | ||
| Q1 24 | $106.5M | $23.9M |
| Q4 25 | $186.0M | $69.5M | ||
| Q3 25 | $186.8M | $73.0M | ||
| Q2 25 | $187.1M | $71.7M | ||
| Q1 25 | $189.2M | $68.5M | ||
| Q4 24 | $173.7M | $75.5M | ||
| Q3 24 | $176.2M | $74.7M | ||
| Q2 24 | $192.9M | $69.9M | ||
| Q1 24 | $184.8M | $68.6M |
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 | $2.3M |
| Free Cash FlowOCF − Capex | — | $2.3M |
| FCF MarginFCF / Revenue | — | 7.5% |
| Capex IntensityCapex / Revenue | — | 0.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-212.5K |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.2M | $2.3M | ||
| Q3 25 | $4.2M | $-1.9M | ||
| Q2 25 | $8.9M | $7.6M | ||
| Q1 25 | $4.8M | $-7.4M | ||
| Q4 24 | $7.4M | $617.4K | ||
| Q3 24 | $3.7M | $-915.0K | ||
| Q2 24 | $9.3M | $862.1K | ||
| Q1 24 | $3.5M | $-8.0M |
| Q4 25 | — | $2.3M | ||
| Q3 25 | — | $-2.1M | ||
| Q2 25 | — | $7.4M | ||
| Q1 25 | — | $-7.7M | ||
| Q4 24 | — | $-214.1K | ||
| Q3 24 | — | $-1.1M | ||
| Q2 24 | — | $281.5K | ||
| Q1 24 | — | $-8.6M |
| Q4 25 | — | 7.5% | ||
| Q3 25 | — | -5.9% | ||
| Q2 25 | — | 23.8% | ||
| Q1 25 | — | -23.3% | ||
| Q4 24 | — | -0.6% | ||
| Q3 24 | — | -3.0% | ||
| Q2 24 | — | 1.0% | ||
| Q1 24 | — | -28.0% |
| Q4 25 | — | 0.2% | ||
| Q3 25 | 0.0% | 0.7% | ||
| Q2 25 | — | 0.7% | ||
| Q1 25 | — | 1.1% | ||
| Q4 24 | 0.0% | 2.3% | ||
| Q3 24 | 0.0% | 0.5% | ||
| Q2 24 | 0.0% | 2.0% | ||
| Q1 24 | 0.0% | 2.0% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 5.27× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EXFY
Segment breakdown not available.
FGI
| Sanitaryware | $19.1M | 63% |
| Shower System | $5.8M | 19% |
| Kitchen And Bath Other | $3.3M | 11% |
| Bath Furniture Products | $2.3M | 7% |
