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Side-by-side financial comparison of Expensify, Inc. (EXFY) and Farmland Partners Inc. (FPI). Click either name above to swap in a different company.
Expensify, Inc. is the larger business by last-quarter revenue ($35.2M vs $20.7M, roughly 1.7× Farmland Partners Inc.). On growth, Farmland Partners Inc. posted the faster year-over-year revenue change (-3.5% vs -4.9%). Over the past eight quarters, Farmland Partners Inc.'s revenue compounded faster (31.4% 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.
Farmland Industries was the largest agricultural cooperative in North America when it eventually sold all of its assets in 2002–04. During its 74-year history, Farmland served its farmer membership as a diversified, integrated organization, playing a significant role in agricultural markets both domestically and worldwide.
EXFY vs FPI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $35.2M | $20.7M |
| Net Profit | — | $21.4M |
| Gross Margin | 49.2% | — |
| Operating Margin | -11.2% | — |
| Net Margin | — | 103.4% |
| Revenue YoY | -4.9% | -3.5% |
| Net Profit YoY | — | -63.5% |
| EPS (diluted) | $-0.07 | $0.44 |
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 | $20.7M | ||
| Q3 25 | $35.1M | $11.3M | ||
| Q2 25 | $35.8M | $10.0M | ||
| Q1 25 | $36.1M | $10.3M | ||
| Q4 24 | $37.0M | $21.5M | ||
| Q3 24 | $35.4M | $13.3M | ||
| Q2 24 | $33.3M | $11.4M | ||
| Q1 24 | $33.5M | $12.0M |
| Q4 25 | — | $21.4M | ||
| Q3 25 | $-2.3M | $483.0K | ||
| Q2 25 | $-8.8M | $7.6M | ||
| Q1 25 | $-3.2M | $2.0M | ||
| Q4 24 | — | $58.7M | ||
| Q3 24 | $-2.2M | $1.8M | ||
| Q2 24 | $-2.8M | $-2.0M | ||
| Q1 24 | $-3.8M | $1.4M |
| 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% | — | ||
| Q3 25 | -6.4% | 4.3% | ||
| Q2 25 | -28.9% | 78.2% | ||
| Q1 25 | -4.1% | 20.6% | ||
| Q4 24 | 1.3% | — | ||
| Q3 24 | 0.8% | 13.9% | ||
| Q2 24 | 0.7% | -17.9% | ||
| Q1 24 | -5.3% | 11.9% |
| Q4 25 | — | 103.4% | ||
| Q3 25 | -6.6% | 4.3% | ||
| Q2 25 | -24.6% | 76.3% | ||
| Q1 25 | -8.8% | 19.9% | ||
| Q4 24 | — | 273.6% | ||
| Q3 24 | -6.2% | 13.5% | ||
| Q2 24 | -8.3% | -17.5% | ||
| Q1 24 | -11.3% | 11.5% |
| Q4 25 | $-0.07 | $0.44 | ||
| Q3 25 | $-0.03 | $0.00 | ||
| Q2 25 | $-0.10 | $0.14 | ||
| Q1 25 | $-0.03 | $0.03 | ||
| Q4 24 | $-0.03 | $1.09 | ||
| Q3 24 | $-0.02 | $0.02 | ||
| Q2 24 | $-0.03 | $-0.06 | ||
| 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 | — |
| Total DebtLower is stronger | — | $161.6M |
| Stockholders' EquityBook value | $132.7M | $467.4M |
| Total Assets | $186.0M | $719.1M |
| Debt / EquityLower = less leverage | — | 0.35× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $63.1M | — | ||
| Q3 25 | $61.5M | — | ||
| Q2 25 | $60.5M | — | ||
| Q1 25 | $59.6M | — | ||
| Q4 24 | $48.8M | — | ||
| Q3 24 | $39.2M | — | ||
| Q2 24 | $53.2M | — | ||
| Q1 24 | $49.3M | — |
| Q4 25 | — | $161.6M | ||
| Q3 25 | — | $170.4M | ||
| Q2 25 | — | $193.4M | ||
| Q1 25 | — | $202.6M | ||
| Q4 24 | — | $204.6M | ||
| Q3 24 | — | $394.0M | ||
| Q2 24 | — | $393.0M | ||
| Q1 24 | — | $383.0M |
| Q4 25 | $132.7M | $467.4M | ||
| Q3 25 | $135.7M | $457.3M | ||
| Q2 25 | $131.8M | $473.5M | ||
| Q1 25 | $134.7M | $492.2M | ||
| Q4 24 | $128.2M | $494.6M | ||
| Q3 24 | $119.9M | $519.4M | ||
| Q2 24 | $114.0M | $521.5M | ||
| Q1 24 | $106.5M | $526.7M |
| Q4 25 | $186.0M | $719.1M | ||
| Q3 25 | $186.8M | $738.5M | ||
| Q2 25 | $187.1M | $776.7M | ||
| Q1 25 | $189.2M | $810.5M | ||
| Q4 24 | $173.7M | $869.6M | ||
| Q3 24 | $176.2M | $1.0B | ||
| Q2 24 | $192.9M | $1.0B | ||
| Q1 24 | $184.8M | $1.0B |
| Q4 25 | — | 0.35× | ||
| Q3 25 | — | 0.37× | ||
| Q2 25 | — | 0.41× | ||
| Q1 25 | — | 0.41× | ||
| Q4 24 | — | 0.41× | ||
| Q3 24 | — | 0.76× | ||
| Q2 24 | — | 0.75× | ||
| Q1 24 | — | 0.73× |
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 | $17.4M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | 0.81× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.2M | $17.4M | ||
| Q3 25 | $4.2M | $-2.0M | ||
| Q2 25 | $8.9M | $-2.2M | ||
| Q1 25 | $4.8M | $6.4M | ||
| Q4 24 | $7.4M | $16.1M | ||
| Q3 24 | $3.7M | $-4.3M | ||
| Q2 24 | $9.3M | $-6.1M | ||
| Q1 24 | $3.5M | $11.9M |
| Q4 25 | — | — | ||
| Q3 25 | 0.0% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.0% | — | ||
| Q3 24 | 0.0% | — | ||
| Q2 24 | 0.0% | — | ||
| Q1 24 | 0.0% | — |
| Q4 25 | — | 0.81× | ||
| Q3 25 | — | -4.04× | ||
| Q2 25 | — | -0.29× | ||
| Q1 25 | — | 3.12× | ||
| Q4 24 | — | 0.27× | ||
| Q3 24 | — | -2.39× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 8.66× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
