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Side-by-side financial comparison of Expensify, Inc. (EXFY) and RING ENERGY, INC. (REI). Click either name above to swap in a different company.

RING ENERGY, INC. is the larger business by last-quarter revenue ($66.9M vs $35.2M, roughly 1.9× Expensify, Inc.). On growth, Expensify, Inc. posted the faster year-over-year revenue change (-4.9% vs -19.8%). Over the past eight quarters, Expensify, Inc.'s revenue compounded faster (2.4% CAGR vs -15.9%).

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.

Siemens Energy AG is a German publicly traded energy corporation formed through the spin-off of the former Gas and Power division of Siemens, and it includes full ownership of Siemens Gamesa.

EXFY vs REI — Head-to-Head

Bigger by revenue
REI
REI
1.9× larger
REI
$66.9M
$35.2M
EXFY
Growing faster (revenue YoY)
EXFY
EXFY
+15.0% gap
EXFY
-4.9%
-19.8%
REI
Faster 2-yr revenue CAGR
EXFY
EXFY
Annualised
EXFY
2.4%
-15.9%
REI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
EXFY
EXFY
REI
REI
Revenue
$35.2M
$66.9M
Net Profit
Gross Margin
49.2%
Operating Margin
-11.2%
-37.6%
Net Margin
Revenue YoY
-4.9%
-19.8%
Net Profit YoY
EPS (diluted)
$-0.07
$-0.07

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.

Revenue
EXFY
EXFY
REI
REI
Q4 25
$35.2M
$66.9M
Q3 25
$35.1M
$78.6M
Q2 25
$35.8M
$82.6M
Q1 25
$36.1M
$79.1M
Q4 24
$37.0M
$83.4M
Q3 24
$35.4M
$89.2M
Q2 24
$33.3M
$99.1M
Q1 24
$33.5M
$94.5M
Net Profit
EXFY
EXFY
REI
REI
Q4 25
Q3 25
$-2.3M
$-51.6M
Q2 25
$-8.8M
$20.6M
Q1 25
$-3.2M
$9.1M
Q4 24
Q3 24
$-2.2M
$33.9M
Q2 24
$-2.8M
$22.4M
Q1 24
$-3.8M
$5.5M
Gross Margin
EXFY
EXFY
REI
REI
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%
Operating Margin
EXFY
EXFY
REI
REI
Q4 25
-11.2%
-37.6%
Q3 25
-6.4%
-70.0%
Q2 25
-28.9%
28.4%
Q1 25
-4.1%
28.3%
Q4 24
1.3%
28.3%
Q3 24
0.8%
33.4%
Q2 24
0.7%
42.2%
Q1 24
-5.3%
39.8%
Net Margin
EXFY
EXFY
REI
REI
Q4 25
Q3 25
-6.6%
-65.7%
Q2 25
-24.6%
25.0%
Q1 25
-8.8%
11.5%
Q4 24
Q3 24
-6.2%
38.0%
Q2 24
-8.3%
22.6%
Q1 24
-11.3%
5.8%
EPS (diluted)
EXFY
EXFY
REI
REI
Q4 25
$-0.07
$-0.07
Q3 25
$-0.03
$-0.25
Q2 25
$-0.10
$0.10
Q1 25
$-0.03
$0.05
Q4 24
$-0.03
$0.03
Q3 24
$-0.02
$0.17
Q2 24
$-0.03
$0.11
Q1 24
$-0.04
$0.03

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
EXFY
EXFY
REI
REI
Cash + ST InvestmentsLiquidity on hand
$63.1M
$902.9K
Total DebtLower is stronger
Stockholders' EquityBook value
$132.7M
$836.3M
Total Assets
$186.0M
$1.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EXFY
EXFY
REI
REI
Q4 25
$63.1M
$902.9K
Q3 25
$61.5M
$286.9K
Q2 25
$60.5M
Q1 25
$59.6M
$1.1M
Q4 24
$48.8M
$1.9M
Q3 24
$39.2M
Q2 24
$53.2M
$1.2M
Q1 24
$49.3M
$1.4M
Stockholders' Equity
EXFY
EXFY
REI
REI
Q4 25
$132.7M
$836.3M
Q3 25
$135.7M
$847.7M
Q2 25
$131.8M
$897.9M
Q1 25
$134.7M
$876.0M
Q4 24
$128.2M
$858.6M
Q3 24
$119.9M
$851.3M
Q2 24
$114.0M
$817.4M
Q1 24
$106.5M
$793.0M
Total Assets
EXFY
EXFY
REI
REI
Q4 25
$186.0M
$1.4B
Q3 25
$186.8M
$1.4B
Q2 25
$187.1M
$1.5B
Q1 25
$189.2M
$1.5B
Q4 24
$173.7M
$1.4B
Q3 24
$176.2M
$1.4B
Q2 24
$192.9M
$1.4B
Q1 24
$184.8M
$1.4B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
EXFY
EXFY
REI
REI
Operating Cash FlowLast quarter
$2.2M
$44.7M
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.

Operating Cash Flow
EXFY
EXFY
REI
REI
Q4 25
$2.2M
$44.7M
Q3 25
$4.2M
$44.5M
Q2 25
$8.9M
$33.3M
Q1 25
$4.8M
$28.4M
Q4 24
$7.4M
$47.3M
Q3 24
$3.7M
$51.3M
Q2 24
$9.3M
$50.6M
Q1 24
$3.5M
$45.2M
Capex Intensity
EXFY
EXFY
REI
REI
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%
Cash Conversion
EXFY
EXFY
REI
REI
Q4 25
Q3 25
Q2 25
1.61×
Q1 25
3.11×
Q4 24
Q3 24
1.52×
Q2 24
2.26×
Q1 24
8.19×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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