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Side-by-side financial comparison of Expensify, Inc. (EXFY) and Orion Properties Inc. (ONL). Click either name above to swap in a different company.
Orion Properties Inc. is the larger business by last-quarter revenue ($36.3M vs $35.2M, roughly 1.0× Expensify, Inc.). On growth, Orion Properties Inc. posted the faster year-over-year revenue change (-4.6% vs -4.9%). Over the past eight quarters, Expensify, Inc.'s revenue compounded faster (2.4% CAGR vs -4.9%).
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.
EXFY vs ONL — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $35.2M | $36.3M |
| Net Profit | — | $-13.6M |
| Gross Margin | 49.2% | — |
| Operating Margin | -11.2% | -9.3% |
| Net Margin | — | -37.4% |
| Revenue YoY | -4.9% | -4.6% |
| Net Profit YoY | — | -45.0% |
| EPS (diluted) | $-0.07 | $-0.24 |
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 | — | $36.3M | ||
| Q4 25 | $35.2M | $35.2M | ||
| Q3 25 | $35.1M | $37.1M | ||
| Q2 25 | $35.8M | $37.3M | ||
| Q1 25 | $36.1M | $38.0M | ||
| Q4 24 | $37.0M | $38.4M | ||
| Q3 24 | $35.4M | $39.2M | ||
| Q2 24 | $33.3M | $40.1M |
| Q1 26 | — | $-13.6M | ||
| Q4 25 | — | $-35.8M | ||
| Q3 25 | $-2.3M | $-69.0M | ||
| Q2 25 | $-8.8M | $-25.1M | ||
| Q1 25 | $-3.2M | $-9.4M | ||
| Q4 24 | — | $-32.8M | ||
| Q3 24 | $-2.2M | $-10.2M | ||
| Q2 24 | $-2.8M | $-33.8M |
| 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 | — | -9.3% | ||
| Q4 25 | -11.2% | -101.5% | ||
| Q3 25 | -6.4% | -185.8% | ||
| Q2 25 | -28.9% | -67.1% | ||
| Q1 25 | -4.1% | -24.4% | ||
| Q4 24 | 1.3% | -85.4% | ||
| Q3 24 | 0.8% | -25.9% | ||
| Q2 24 | 0.7% | -84.1% |
| Q1 26 | — | -37.4% | ||
| Q4 25 | — | -101.7% | ||
| Q3 25 | -6.6% | -186.0% | ||
| Q2 25 | -24.6% | -67.3% | ||
| Q1 25 | -8.8% | -24.6% | ||
| Q4 24 | — | -85.4% | ||
| Q3 24 | -6.2% | -26.1% | ||
| Q2 24 | -8.3% | -84.2% |
| Q1 26 | — | $-0.24 | ||
| Q4 25 | $-0.07 | $-0.63 | ||
| Q3 25 | $-0.03 | $-1.23 | ||
| Q2 25 | $-0.10 | $-0.45 | ||
| Q1 25 | $-0.03 | $-0.17 | ||
| Q4 24 | $-0.03 | $-0.59 | ||
| Q3 24 | $-0.02 | $-0.18 | ||
| Q2 24 | $-0.03 | $-0.60 |
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 | $10.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $132.7M | $608.5M |
| Total Assets | $186.0M | $1.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $10.3M | ||
| Q4 25 | $63.1M | $22.4M | ||
| Q3 25 | $61.5M | $32.6M | ||
| Q2 25 | $60.5M | $17.4M | ||
| Q1 25 | $59.6M | $9.4M | ||
| Q4 24 | $48.8M | $15.6M | ||
| Q3 24 | $39.2M | $16.6M | ||
| Q2 24 | $53.2M | $24.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | $465.0M | ||
| Q3 25 | — | $483.0M | ||
| Q2 25 | — | $483.0M | ||
| Q1 25 | — | $505.0M | ||
| Q4 24 | — | $492.0M | ||
| Q3 24 | — | $485.0M | ||
| Q2 24 | — | $462.0M |
| Q1 26 | — | $608.5M | ||
| Q4 25 | $132.7M | $623.2M | ||
| Q3 25 | $135.7M | $658.8M | ||
| Q2 25 | $131.8M | $728.0M | ||
| Q1 25 | $134.7M | $753.5M | ||
| Q4 24 | $128.2M | $763.9M | ||
| Q3 24 | $119.9M | $800.9M | ||
| Q2 24 | $114.0M | $816.1M |
| Q1 26 | — | $1.2B | ||
| Q4 25 | $186.0M | $1.2B | ||
| Q3 25 | $186.8M | $1.2B | ||
| Q2 25 | $187.1M | $1.3B | ||
| Q1 25 | $189.2M | $1.3B | ||
| Q4 24 | $173.7M | $1.3B | ||
| Q3 24 | $176.2M | $1.4B | ||
| Q2 24 | $192.9M | $1.3B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.75× | ||
| Q3 25 | — | 0.73× | ||
| Q2 25 | — | 0.66× | ||
| Q1 25 | — | 0.67× | ||
| Q4 24 | — | 0.64× | ||
| Q3 24 | — | 0.61× | ||
| Q2 24 | — | 0.57× |
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 | — | 51.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $2.2M | $23.6M | ||
| Q3 25 | $4.2M | $5.7M | ||
| Q2 25 | $8.9M | $11.6M | ||
| Q1 25 | $4.8M | $-2.2M | ||
| Q4 24 | $7.4M | $54.3M | ||
| Q3 24 | $3.7M | $13.8M | ||
| Q2 24 | $9.3M | $17.0M |
| Q1 26 | — | 51.4% | ||
| Q4 25 | — | — | ||
| Q3 25 | 0.0% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.0% | — | ||
| Q3 24 | 0.0% | — | ||
| Q2 24 | 0.0% | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EXFY
Segment breakdown not available.
ONL
| Rental | $36.1M | 100% |
| Fee income from unconsolidated joint venture | $137.0K | 0% |
