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Side-by-side financial comparison of Expensify, Inc. (EXFY) and Inspirato Inc (ISPO). Click either name above to swap in a different company.
Inspirato Inc is the larger business by last-quarter revenue ($55.5M vs $35.2M, roughly 1.6× Expensify, Inc.). On growth, Expensify, Inc. posted the faster year-over-year revenue change (-4.9% vs -19.6%). Over the past eight quarters, Expensify, Inc.'s revenue compounded faster (2.4% CAGR vs -11.4%).
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.
Inspirato Inc is a luxury travel and hospitality subscription service provider catering primarily to high-net-worth consumers across North America. It offers curated premium villa rentals, exclusive resort access, customized trip planning, and corporate travel incentive solutions for enterprise clients.
EXFY vs ISPO — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $35.2M | $55.5M |
| Net Profit | — | $-4.5M |
| Gross Margin | 49.2% | 31.4% |
| Operating Margin | -11.2% | -8.0% |
| Net Margin | — | -8.1% |
| Revenue YoY | -4.9% | -19.6% |
| Net Profit YoY | — | -204.4% |
| EPS (diluted) | $-0.07 | $-0.36 |
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 | — | ||
| Q3 25 | $35.1M | $55.5M | ||
| Q2 25 | $35.8M | $63.1M | ||
| Q1 25 | $36.1M | $65.9M | ||
| Q4 24 | $37.0M | $63.1M | ||
| Q3 24 | $35.4M | $69.1M | ||
| Q2 24 | $33.3M | $67.4M | ||
| Q1 24 | $33.5M | $80.2M |
| Q4 25 | — | — | ||
| Q3 25 | $-2.3M | $-4.5M | ||
| Q2 25 | $-8.8M | $-5.3M | ||
| Q1 25 | $-3.2M | $1.6M | ||
| Q4 24 | — | $-2.3M | ||
| Q3 24 | $-2.2M | $4.3M | ||
| Q2 24 | $-2.8M | $-8.7M | ||
| Q1 24 | $-3.8M | $1.3M |
| Q4 25 | 49.2% | — | ||
| Q3 25 | 49.6% | 31.4% | ||
| Q2 25 | 51.9% | 27.5% | ||
| Q1 25 | 50.6% | 38.8% | ||
| Q4 24 | 51.0% | 34.7% | ||
| Q3 24 | 51.6% | 71.5% | ||
| Q2 24 | 56.9% | 24.0% | ||
| Q1 24 | 56.5% | 39.5% |
| Q4 25 | -11.2% | — | ||
| Q3 25 | -6.4% | -8.0% | ||
| Q2 25 | -28.9% | -8.3% | ||
| Q1 25 | -4.1% | 2.5% | ||
| Q4 24 | 1.3% | -3.2% | ||
| Q3 24 | 0.8% | 9.8% | ||
| Q2 24 | 0.7% | -22.8% | ||
| Q1 24 | -5.3% | 3.0% |
| Q4 25 | — | — | ||
| Q3 25 | -6.6% | -8.1% | ||
| Q2 25 | -24.6% | -8.4% | ||
| Q1 25 | -8.8% | 2.5% | ||
| Q4 24 | — | -3.6% | ||
| Q3 24 | -6.2% | 6.3% | ||
| Q2 24 | -8.3% | -12.9% | ||
| Q1 24 | -11.3% | 1.6% |
| Q4 25 | $-0.07 | — | ||
| Q3 25 | $-0.03 | $-0.36 | ||
| Q2 25 | $-0.10 | $-0.42 | ||
| Q1 25 | $-0.03 | $0.12 | ||
| Q4 24 | $-0.03 | $0.98 | ||
| Q3 24 | $-0.02 | $0.62 | ||
| Q2 24 | $-0.03 | $-2.33 | ||
| Q1 24 | $-0.04 | $-0.18 |
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 | $13.7M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $132.7M | $-134.0M |
| Total Assets | $186.0M | $228.3M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $63.1M | — | ||
| Q3 25 | $61.5M | $13.7M | ||
| Q2 25 | $60.5M | $16.7M | ||
| Q1 25 | $59.6M | $16.4M | ||
| Q4 24 | $48.8M | $21.8M | ||
| Q3 24 | $39.2M | $13.5M | ||
| Q2 24 | $53.2M | $18.8M | ||
| Q1 24 | $49.3M | $22.6M |
| Q4 25 | $132.7M | — | ||
| Q3 25 | $135.7M | $-134.0M | ||
| Q2 25 | $131.8M | $-129.7M | ||
| Q1 25 | $134.7M | $-125.2M | ||
| Q4 24 | $128.2M | $-129.9M | ||
| Q3 24 | $119.9M | $-134.6M | ||
| Q2 24 | $114.0M | $-35.2M | ||
| Q1 24 | $106.5M | $-27.5M |
| Q4 25 | $186.0M | — | ||
| Q3 25 | $186.8M | $228.3M | ||
| Q2 25 | $187.1M | $252.6M | ||
| Q1 25 | $189.2M | $270.1M | ||
| Q4 24 | $173.7M | $273.9M | ||
| Q3 24 | $176.2M | $273.3M | ||
| Q2 24 | $192.9M | $301.7M | ||
| Q1 24 | $184.8M | $313.0M |
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 | $-2.2M |
| Free Cash FlowOCF − Capex | — | $-3.0M |
| FCF MarginFCF / Revenue | — | -5.4% |
| Capex IntensityCapex / Revenue | — | 1.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-31.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.2M | — | ||
| Q3 25 | $4.2M | $-2.2M | ||
| Q2 25 | $8.9M | $1.1M | ||
| Q1 25 | $4.8M | $-6.6M | ||
| Q4 24 | $7.4M | $-15.8M | ||
| Q3 24 | $3.7M | $-13.7M | ||
| Q2 24 | $9.3M | $-1.8M | ||
| Q1 24 | $3.5M | $-7.2M |
| Q4 25 | — | — | ||
| Q3 25 | — | $-3.0M | ||
| Q2 25 | — | $468.0K | ||
| Q1 25 | — | $-7.5M | ||
| Q4 24 | — | $-21.2M | ||
| Q3 24 | — | $-14.8M | ||
| Q2 24 | — | $-3.7M | ||
| Q1 24 | — | $-8.5M |
| Q4 25 | — | — | ||
| Q3 25 | — | -5.4% | ||
| Q2 25 | — | 0.7% | ||
| Q1 25 | — | -11.4% | ||
| Q4 24 | — | -33.7% | ||
| Q3 24 | — | -21.5% | ||
| Q2 24 | — | -5.5% | ||
| Q1 24 | — | -10.6% |
| Q4 25 | — | — | ||
| Q3 25 | 0.0% | 1.4% | ||
| Q2 25 | — | 1.0% | ||
| Q1 25 | — | 1.3% | ||
| Q4 24 | 0.0% | 8.7% | ||
| Q3 24 | 0.0% | 1.6% | ||
| Q2 24 | 0.0% | 2.8% | ||
| Q1 24 | 0.0% | 1.6% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -4.09× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -3.16× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | -5.70× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EXFY
Segment breakdown not available.
ISPO
| Residence And Hotel Travel | $25.9M | 47% |
| Subscription | $19.4M | 35% |
| Experiences And Bespoke Travel | $8.0M | 14% |
| Rewards And Other Revenue | $2.3M | 4% |
