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Side-by-side financial comparison of Expensify, Inc. (EXFY) and FRANKLIN STREET PROPERTIES CORP (FSP). Click either name above to swap in a different company.
Expensify, Inc. is the larger business by last-quarter revenue ($35.2M vs $26.0M, roughly 1.4× FRANKLIN STREET PROPERTIES CORP). On growth, Expensify, Inc. posted the faster year-over-year revenue change (-4.9% vs -8.2%). Over the past eight quarters, Expensify, Inc.'s revenue compounded faster (2.4% CAGR vs -8.7%).
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.
Franklin Street Properties Corp is a Massachusetts-based real estate investment trust (REIT) in the United States. It primarily invests in, owns, and operates high-quality office properties across major U.S. metropolitan markets, serving corporate tenants across various industry segments, and delivers stable long-term returns via rental income and strategic asset management.
EXFY vs FSP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $35.2M | $26.0M |
| Net Profit | — | $-7.3M |
| Gross Margin | 49.2% | 59.4% |
| Operating Margin | -11.2% | -27.9% |
| Net Margin | — | -28.1% |
| Revenue YoY | -4.9% | -8.2% |
| Net Profit YoY | — | 14.1% |
| EPS (diluted) | $-0.07 | $-0.06 |
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 | $26.0M | ||
| Q3 25 | $35.1M | $27.3M | ||
| Q2 25 | $35.8M | $26.7M | ||
| Q1 25 | $36.1M | $27.1M | ||
| Q4 24 | $37.0M | $28.4M | ||
| Q3 24 | $35.4M | $29.7M | ||
| Q2 24 | $33.3M | $30.8M | ||
| Q1 24 | $33.5M | $31.2M |
| Q4 25 | — | $-7.3M | ||
| Q3 25 | $-2.3M | $-8.3M | ||
| Q2 25 | $-8.8M | $-7.9M | ||
| Q1 25 | $-3.2M | $-21.4M | ||
| Q4 24 | — | $-8.5M | ||
| Q3 24 | $-2.2M | $-15.6M | ||
| Q2 24 | $-2.8M | $-21.0M | ||
| Q1 24 | $-3.8M | $-7.6M |
| Q4 25 | 49.2% | 59.4% | ||
| Q3 25 | 49.6% | 60.9% | ||
| Q2 25 | 51.9% | 59.9% | ||
| Q1 25 | 50.6% | 62.8% | ||
| Q4 24 | 51.0% | 59.7% | ||
| Q3 24 | 51.6% | 61.0% | ||
| Q2 24 | 56.9% | 64.2% | ||
| Q1 24 | 56.5% | 64.7% |
| Q4 25 | -11.2% | -27.9% | ||
| Q3 25 | -6.4% | -30.5% | ||
| Q2 25 | -28.9% | -29.2% | ||
| Q1 25 | -4.1% | -78.9% | ||
| Q4 24 | 1.3% | -29.9% | ||
| Q3 24 | 0.8% | -52.4% | ||
| Q2 24 | 0.7% | -68.0% | ||
| Q1 24 | -5.3% | -24.0% |
| Q4 25 | — | -28.1% | ||
| Q3 25 | -6.6% | -30.5% | ||
| Q2 25 | -24.6% | -29.5% | ||
| Q1 25 | -8.8% | -79.1% | ||
| Q4 24 | — | -30.0% | ||
| Q3 24 | -6.2% | -52.6% | ||
| Q2 24 | -8.3% | -68.2% | ||
| Q1 24 | -11.3% | -24.2% |
| Q4 25 | $-0.07 | $-0.06 | ||
| Q3 25 | $-0.03 | $-0.08 | ||
| Q2 25 | $-0.10 | $-0.08 | ||
| Q1 25 | $-0.03 | $-0.21 | ||
| Q4 24 | $-0.03 | $-0.09 | ||
| Q3 24 | $-0.02 | $-0.15 | ||
| Q2 24 | $-0.03 | $-0.20 | ||
| Q1 24 | $-0.04 | $-0.07 |
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 | $30.6M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $132.7M | $607.0M |
| Total Assets | $186.0M | $892.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $63.1M | $30.6M | ||
| Q3 25 | $61.5M | $31.4M | ||
| Q2 25 | $60.5M | $29.4M | ||
| Q1 25 | $59.6M | $30.2M | ||
| Q4 24 | $48.8M | $41.1M | ||
| Q3 24 | $39.2M | $40.9M | ||
| Q2 24 | $53.2M | $30.2M | ||
| Q1 24 | $49.3M | $34.2M |
| Q4 25 | $132.7M | $607.0M | ||
| Q3 25 | $135.7M | $615.3M | ||
| Q2 25 | $131.8M | $624.7M | ||
| Q1 25 | $134.7M | $633.4M | ||
| Q4 24 | $128.2M | $655.9M | ||
| Q3 24 | $119.9M | $665.4M | ||
| Q2 24 | $114.0M | $682.1M | ||
| Q1 24 | $106.5M | $703.9M |
| Q4 25 | $186.0M | $892.9M | ||
| Q3 25 | $186.8M | $901.0M | ||
| Q2 25 | $187.1M | $903.2M | ||
| Q1 25 | $189.2M | $916.4M | ||
| Q4 24 | $173.7M | $946.9M | ||
| Q3 24 | $176.2M | $981.5M | ||
| Q2 24 | $192.9M | $1.0B | ||
| Q1 24 | $184.8M | $1.0B |
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 | $3.8M |
| Free Cash FlowOCF − Capex | — | $-12.7M |
| FCF MarginFCF / Revenue | — | -48.6% |
| Capex IntensityCapex / Revenue | — | 63.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-25.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.2M | $3.8M | ||
| Q3 25 | $4.2M | $8.3M | ||
| Q2 25 | $8.9M | $-2.9M | ||
| Q1 25 | $4.8M | $-5.5M | ||
| Q4 24 | $7.4M | $9.0M | ||
| Q3 24 | $3.7M | $14.5M | ||
| Q2 24 | $9.3M | $-648.0K | ||
| Q1 24 | $3.5M | $-7.1M |
| Q4 25 | — | $-12.7M | ||
| Q3 25 | — | $3.0M | ||
| Q2 25 | — | $-5.7M | ||
| Q1 25 | — | $-9.9M | ||
| Q4 24 | — | $-16.2M | ||
| Q3 24 | — | $8.6M | ||
| Q2 24 | — | $-5.1M | ||
| Q1 24 | — | $-15.8M |
| Q4 25 | — | -48.6% | ||
| Q3 25 | — | 11.0% | ||
| Q2 25 | — | -21.5% | ||
| Q1 25 | — | -36.7% | ||
| Q4 24 | — | -57.2% | ||
| Q3 24 | — | 29.1% | ||
| Q2 24 | — | -16.7% | ||
| Q1 24 | — | -50.8% |
| Q4 25 | — | 63.0% | ||
| Q3 25 | 0.0% | 19.4% | ||
| Q2 25 | — | 10.7% | ||
| Q1 25 | — | 16.4% | ||
| Q4 24 | 0.0% | 88.9% | ||
| Q3 24 | 0.0% | 19.6% | ||
| Q2 24 | 0.0% | 14.6% | ||
| Q1 24 | 0.0% | 28.1% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
