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Side-by-side financial comparison of Expensify, Inc. (EXFY) and Finwise Bancorp (FINW). Click either name above to swap in a different company.
Finwise Bancorp is the larger business by last-quarter revenue ($42.7M vs $35.2M, roughly 1.2× Expensify, Inc.). Over the past eight quarters, Finwise Bancorp's revenue compounded faster (47.0% CAGR vs 2.4%).
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.
Finwise Bancorp is a U.S.-based financial holding company that operates primarily through its community banking subsidiary. It offers a full suite of retail and commercial financial services, including deposit accounts, personal loans, mortgage products, small business financing, and wealth management solutions, serving local retail consumers and small to medium-sized business clients across its regional operating markets.
EXFY vs FINW — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $35.2M | $42.7M |
| Net Profit | — | $2.7M |
| Gross Margin | 49.2% | — |
| Operating Margin | -11.2% | — |
| Net Margin | — | 6.4% |
| Revenue YoY | -4.9% | — |
| Net Profit YoY | — | — |
| EPS (diluted) | $-0.07 | $0.20 |
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.
| Q1 26 | — | $42.7M | ||
| Q4 25 | $35.2M | $46.9M | ||
| Q3 25 | $35.1M | $36.7M | ||
| Q2 25 | $35.8M | $25.1M | ||
| Q1 25 | $36.1M | $22.1M | ||
| Q4 24 | $37.0M | $21.1M | ||
| Q3 24 | $35.4M | $20.8M | ||
| Q2 24 | $33.3M | $19.8M |
| Q1 26 | — | $2.7M | ||
| Q4 25 | — | $3.9M | ||
| Q3 25 | $-2.3M | $4.9M | ||
| Q2 25 | $-8.8M | $4.1M | ||
| Q1 25 | $-3.2M | $3.2M | ||
| Q4 24 | — | $2.8M | ||
| Q3 24 | $-2.2M | $3.5M | ||
| Q2 24 | $-2.8M | $3.2M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | -11.2% | 11.7% | ||
| Q3 25 | -6.4% | 17.5% | ||
| Q2 25 | -28.9% | 21.7% | ||
| Q1 25 | -4.1% | 20.1% | ||
| Q4 24 | 1.3% | 17.5% | ||
| Q3 24 | 0.8% | 22.2% | ||
| Q2 24 | 0.7% | 21.1% |
| Q1 26 | — | 6.4% | ||
| Q4 25 | — | 8.4% | ||
| Q3 25 | -6.6% | 13.3% | ||
| Q2 25 | -24.6% | 16.3% | ||
| Q1 25 | -8.8% | 14.4% | ||
| Q4 24 | — | 13.2% | ||
| Q3 24 | -6.2% | 16.6% | ||
| Q2 24 | -8.3% | 16.1% |
| Q1 26 | — | $0.20 | ||
| Q4 25 | $-0.07 | $0.27 | ||
| Q3 25 | $-0.03 | $0.34 | ||
| Q2 25 | $-0.10 | $0.29 | ||
| Q1 25 | $-0.03 | $0.23 | ||
| Q4 24 | $-0.03 | $0.19 | ||
| Q3 24 | $-0.02 | $0.25 | ||
| Q2 24 | $-0.03 | $0.24 |
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 | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $132.7M | $196.6M |
| Total Assets | $186.0M | $899.4M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $63.1M | $163.4M | ||
| Q3 25 | $61.5M | $105.6M | ||
| Q2 25 | $60.5M | $90.1M | ||
| Q1 25 | $59.6M | $120.3M | ||
| Q4 24 | $48.8M | $109.2M | ||
| Q3 24 | $39.2M | $85.8M | ||
| Q2 24 | $53.2M | $89.0M |
| Q1 26 | — | $196.6M | ||
| Q4 25 | $132.7M | $193.2M | ||
| Q3 25 | $135.7M | $187.8M | ||
| Q2 25 | $131.8M | $182.0M | ||
| Q1 25 | $134.7M | $177.4M | ||
| Q4 24 | $128.2M | $173.7M | ||
| Q3 24 | $119.9M | $170.4M | ||
| Q2 24 | $114.0M | $165.8M |
| Q1 26 | — | $899.4M | ||
| Q4 25 | $186.0M | $977.1M | ||
| Q3 25 | $186.8M | $899.9M | ||
| Q2 25 | $187.1M | $842.5M | ||
| Q1 25 | $189.2M | $804.1M | ||
| Q4 24 | $173.7M | $746.0M | ||
| Q3 24 | $176.2M | $683.0M | ||
| Q2 24 | $192.9M | $617.8M |
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 | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $2.2M | $-28.4M | ||
| Q3 25 | $4.2M | $3.5M | ||
| Q2 25 | $8.9M | $-18.3M | ||
| Q1 25 | $4.8M | $-21.6M | ||
| Q4 24 | $7.4M | $-15.0M | ||
| Q3 24 | $3.7M | $-9.8M | ||
| Q2 24 | $9.3M | $-7.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | $-28.6M | ||
| Q3 25 | — | $3.4M | ||
| Q2 25 | — | $-19.8M | ||
| Q1 25 | — | $-23.3M | ||
| Q4 24 | — | $-16.1M | ||
| Q3 24 | — | $-13.4M | ||
| Q2 24 | — | $-7.7M |
| Q1 26 | — | — | ||
| Q4 25 | — | -61.1% | ||
| Q3 25 | — | 9.4% | ||
| Q2 25 | — | -79.0% | ||
| Q1 25 | — | -105.3% | ||
| Q4 24 | — | -76.0% | ||
| Q3 24 | — | -64.3% | ||
| Q2 24 | — | -38.7% |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.5% | ||
| Q3 25 | 0.0% | 0.1% | ||
| Q2 25 | — | 5.8% | ||
| Q1 25 | — | 7.4% | ||
| Q4 24 | 0.0% | 5.1% | ||
| Q3 24 | 0.0% | 17.2% | ||
| Q2 24 | 0.0% | 0.3% |
| Q1 26 | — | — | ||
| Q4 25 | — | -7.26× | ||
| Q3 25 | — | 0.71× | ||
| Q2 25 | — | -4.48× | ||
| Q1 25 | — | -6.78× | ||
| Q4 24 | — | -5.37× | ||
| Q3 24 | — | -2.84× | ||
| Q2 24 | — | -2.39× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EXFY
Segment breakdown not available.
FINW
| Net Interest Income | $28.1M | 66% |
| Noninterest Income | $14.6M | 34% |
