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Side-by-side financial comparison of Expensify, Inc. (EXFY) and SolarMax Technology, Inc. (SMXT). Click either name above to swap in a different company.
SolarMax Technology, Inc. is the larger business by last-quarter revenue ($46.6M vs $35.2M, roughly 1.3× Expensify, Inc.). On growth, SolarMax Technology, Inc. posted the faster year-over-year revenue change (623.5% 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.
SolarMax Technology, Inc. develops, manufactures and sells high-efficiency solar PV modules and clean energy systems. It serves residential, commercial and industrial clients in North America and key Asia-Pacific markets, offering installation and after-sales support to boost low-carbon energy use.
EXFY vs SMXT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $35.2M | $46.6M |
| Net Profit | — | $-872.2K |
| Gross Margin | 49.2% | 2.7% |
| Operating Margin | -11.2% | -2.7% |
| Net Margin | — | -1.9% |
| Revenue YoY | -4.9% | 623.5% |
| Net Profit YoY | — | 77.7% |
| EPS (diluted) | $-0.07 | $-0.02 |
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 | $46.6M | ||
| Q3 25 | $35.1M | $30.6M | ||
| Q2 25 | $35.8M | $6.9M | ||
| Q1 25 | $36.1M | $6.9M | ||
| Q4 24 | $37.0M | $6.4M | ||
| Q3 24 | $35.4M | $6.3M | ||
| Q2 24 | $33.3M | — | ||
| Q1 24 | $33.5M | — |
| Q4 25 | — | $-872.2K | ||
| Q3 25 | $-2.3M | $-2.3M | ||
| Q2 25 | $-8.8M | $-1.9M | ||
| Q1 25 | $-3.2M | $-1.3M | ||
| Q4 24 | — | $-3.9M | ||
| Q3 24 | $-2.2M | $-9.6M | ||
| Q2 24 | $-2.8M | — | ||
| Q1 24 | $-3.8M | — |
| Q4 25 | 49.2% | 2.7% | ||
| Q3 25 | 49.6% | 3.1% | ||
| Q2 25 | 51.9% | 8.8% | ||
| Q1 25 | 50.6% | 20.5% | ||
| Q4 24 | 51.0% | 14.5% | ||
| Q3 24 | 51.6% | 19.9% | ||
| Q2 24 | 56.9% | — | ||
| Q1 24 | 56.5% | — |
| Q4 25 | -11.2% | -2.7% | ||
| Q3 25 | -6.4% | -6.9% | ||
| Q2 25 | -28.9% | -25.7% | ||
| Q1 25 | -4.1% | -16.7% | ||
| Q4 24 | 1.3% | -27.9% | ||
| Q3 24 | 0.8% | -158.4% | ||
| Q2 24 | 0.7% | — | ||
| Q1 24 | -5.3% | — |
| Q4 25 | — | -1.9% | ||
| Q3 25 | -6.6% | -7.4% | ||
| Q2 25 | -24.6% | -27.6% | ||
| Q1 25 | -8.8% | -18.7% | ||
| Q4 24 | — | -60.6% | ||
| Q3 24 | -6.2% | -152.0% | ||
| Q2 24 | -8.3% | — | ||
| Q1 24 | -11.3% | — |
| Q4 25 | $-0.07 | $-0.02 | ||
| Q3 25 | $-0.03 | $-0.04 | ||
| Q2 25 | $-0.10 | $-0.04 | ||
| Q1 25 | $-0.03 | $-0.03 | ||
| Q4 24 | $-0.03 | $-0.07 | ||
| Q3 24 | $-0.02 | $-0.21 | ||
| Q2 24 | $-0.03 | — | ||
| Q1 24 | $-0.04 | — |
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 | $8.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $132.7M | $-12.2M |
| Total Assets | $186.0M | $91.3M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $63.1M | $8.0M | ||
| Q3 25 | $61.5M | $5.7M | ||
| Q2 25 | $60.5M | $1.9M | ||
| Q1 25 | $59.6M | $6.8M | ||
| Q4 24 | $48.8M | $7.1M | ||
| Q3 24 | $39.2M | $8.6M | ||
| Q2 24 | $53.2M | — | ||
| Q1 24 | $49.3M | — |
| Q4 25 | $132.7M | $-12.2M | ||
| Q3 25 | $135.7M | $-11.8M | ||
| Q2 25 | $131.8M | $-15.1M | ||
| Q1 25 | $134.7M | $-15.9M | ||
| Q4 24 | $128.2M | $-15.1M | ||
| Q3 24 | $119.9M | $-10.9M | ||
| Q2 24 | $114.0M | — | ||
| Q1 24 | $106.5M | — |
| Q4 25 | $186.0M | $91.3M | ||
| Q3 25 | $186.8M | $58.7M | ||
| Q2 25 | $187.1M | $38.2M | ||
| Q1 25 | $189.2M | $38.6M | ||
| Q4 24 | $173.7M | $38.6M | ||
| Q3 24 | $176.2M | $43.0M | ||
| Q2 24 | $192.9M | — | ||
| Q1 24 | $184.8M | — |
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 | $-2.5M |
| 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.
| Q4 25 | $2.2M | $-2.5M | ||
| Q3 25 | $4.2M | $3.4M | ||
| Q2 25 | $8.9M | $220.7K | ||
| Q1 25 | $4.8M | $-601.1K | ||
| Q4 24 | $7.4M | $-1.3M | ||
| Q3 24 | $3.7M | $203.6K | ||
| Q2 24 | $9.3M | — | ||
| Q1 24 | $3.5M | — |
| Q4 25 | — | — | ||
| Q3 25 | 0.0% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.0% | — | ||
| Q3 24 | 0.0% | 0.0% | ||
| Q2 24 | 0.0% | — | ||
| Q1 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.
SMXT
| Yabucoa | $35.9M | 77% |
| Other | $10.7M | 23% |
