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Side-by-side financial comparison of Expensify, Inc. (EXFY) and Primis Financial Corp. (FRST). Click either name above to swap in a different company.
Primis Financial Corp. is the larger business by last-quarter revenue ($45.6M vs $35.2M, roughly 1.3× Expensify, Inc.). Over the past eight quarters, Primis Financial Corp.'s revenue compounded faster (13.0% 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.
Primis Financial Corp is a U.S.-based financial holding company operating full-service banking subsidiaries. It provides a comprehensive range of financial solutions including personal and commercial deposit products, diverse loan facilities, mortgage services, and wealth management support, primarily serving retail and corporate customers across the U.S. mid-Atlantic region.
EXFY vs FRST — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $35.2M | $45.6M |
| Net Profit | — | $7.3M |
| Gross Margin | 49.2% | — |
| Operating Margin | -11.2% | — |
| Net Margin | — | 16.0% |
| Revenue YoY | -4.9% | — |
| Net Profit YoY | — | 200.0% |
| EPS (diluted) | $-0.07 | $0.30 |
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 | — | $45.6M | ||
| Q4 25 | $35.2M | $80.9M | ||
| Q3 25 | $35.1M | $41.0M | ||
| Q2 25 | $35.8M | $43.2M | ||
| Q1 25 | $36.1M | $58.7M | ||
| Q4 24 | $37.0M | $38.8M | ||
| Q3 24 | $35.4M | $37.3M | ||
| Q2 24 | $33.3M | $35.7M |
| Q1 26 | — | $7.3M | ||
| Q4 25 | — | $29.5M | ||
| Q3 25 | $-2.3M | $6.8M | ||
| Q2 25 | $-8.8M | $2.4M | ||
| Q1 25 | $-3.2M | $22.6M | ||
| Q4 24 | — | $-26.2M | ||
| Q3 24 | $-2.2M | $1.2M | ||
| Q2 24 | $-2.8M | $3.4M |
| 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% | 44.8% | ||
| Q3 25 | -6.4% | 21.3% | ||
| Q2 25 | -28.9% | 6.9% | ||
| Q1 25 | -4.1% | 41.9% | ||
| Q4 24 | 1.3% | -123.0% | ||
| Q3 24 | 0.8% | -3.1% | ||
| Q2 24 | 0.7% | 7.8% |
| Q1 26 | — | 16.0% | ||
| Q4 25 | — | 36.5% | ||
| Q3 25 | -6.6% | 16.7% | ||
| Q2 25 | -24.6% | 5.6% | ||
| Q1 25 | -8.8% | 38.6% | ||
| Q4 24 | — | -100.3% | ||
| Q3 24 | -6.2% | 3.3% | ||
| Q2 24 | -8.3% | 9.6% |
| Q1 26 | — | $0.30 | ||
| Q4 25 | $-0.07 | $1.19 | ||
| Q3 25 | $-0.03 | $0.28 | ||
| Q2 25 | $-0.10 | $0.10 | ||
| Q1 25 | $-0.03 | $0.92 | ||
| Q4 24 | $-0.03 | $-0.95 | ||
| Q3 24 | $-0.02 | $0.05 | ||
| Q2 24 | $-0.03 | $0.14 |
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 | $159.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $132.7M | $427.2M |
| Total Assets | $186.0M | $4.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $159.9M | ||
| Q4 25 | $63.1M | $143.6M | ||
| Q3 25 | $61.5M | $63.9M | ||
| Q2 25 | $60.5M | $94.1M | ||
| Q1 25 | $59.6M | $57.0M | ||
| Q4 24 | $48.8M | $64.5M | ||
| Q3 24 | $39.2M | $77.3M | ||
| Q2 24 | $53.2M | $66.6M |
| Q1 26 | — | $427.2M | ||
| Q4 25 | $132.7M | $422.9M | ||
| Q3 25 | $135.7M | $382.2M | ||
| Q2 25 | $131.8M | $376.4M | ||
| Q1 25 | $134.7M | $375.6M | ||
| Q4 24 | $128.2M | $351.8M | ||
| Q3 24 | $119.9M | $381.0M | ||
| Q2 24 | $114.0M | $376.0M |
| Q1 26 | — | $4.3B | ||
| Q4 25 | $186.0M | $4.0B | ||
| Q3 25 | $186.8M | $4.0B | ||
| Q2 25 | $187.1M | $3.9B | ||
| Q1 25 | $189.2M | $3.7B | ||
| Q4 24 | $173.7M | $3.7B | ||
| Q3 24 | $176.2M | $4.0B | ||
| Q2 24 | $192.9M | $4.0B |
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 | $10.8M | ||
| Q3 25 | $4.2M | $-11.4M | ||
| Q2 25 | $8.9M | $-41.0M | ||
| Q1 25 | $4.8M | $34.4M | ||
| Q4 24 | $7.4M | $19.5M | ||
| Q3 24 | $3.7M | $6.1M | ||
| Q2 24 | $9.3M | $52.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | $9.0M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $18.3M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | — | 11.2% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 47.3% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | — | 2.1% | ||
| Q3 25 | 0.0% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.0% | 3.1% | ||
| Q3 24 | 0.0% | 0.0% | ||
| Q2 24 | 0.0% | 0.0% |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.36× | ||
| Q3 25 | — | -1.67× | ||
| Q2 25 | — | -16.82× | ||
| Q1 25 | — | 1.52× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 4.93× | ||
| Q2 24 | — | 15.21× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EXFY
Segment breakdown not available.
FRST
| Net Interest Income | $32.1M | 70% |
| Noninterest Income | $13.6M | 30% |
