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

Neuronetics, Inc. is the larger business by last-quarter revenue ($41.8M vs $35.2M, roughly 1.2× Expensify, Inc.). On growth, Neuronetics, Inc. posted the faster year-over-year revenue change (85.7% vs -4.9%). Over the past eight quarters, Neuronetics, Inc.'s revenue compounded faster (54.9% CAGR vs 2.4%).

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.

Neuronetics is a Malvern, PA based, publicly traded company incorporated in Delaware in April 2003, that develops non-invasive treatments for psychiatric disorders that have shown resistance or lack of improvement using traditional medicine. The treatments are based upon neuromodulation technology. 

EXFY vs STIM — Head-to-Head

Bigger by revenue
STIM
STIM
1.2× larger
STIM
$41.8M
$35.2M
EXFY
Growing faster (revenue YoY)
STIM
STIM
+90.6% gap
STIM
85.7%
-4.9%
EXFY
Faster 2-yr revenue CAGR
STIM
STIM
Annualised
STIM
54.9%
2.4%
EXFY

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
EXFY
EXFY
STIM
STIM
Revenue
$35.2M
$41.8M
Net Profit
$-7.2M
Gross Margin
49.2%
52.0%
Operating Margin
-11.2%
-12.1%
Net Margin
-17.2%
Revenue YoY
-4.9%
85.7%
Net Profit YoY
43.2%
EPS (diluted)
$-0.07
$-0.10

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
STIM
STIM
Q4 25
$35.2M
$41.8M
Q3 25
$35.1M
$37.3M
Q2 25
$35.8M
$38.1M
Q1 25
$36.1M
$32.0M
Q4 24
$37.0M
$22.5M
Q3 24
$35.4M
$18.5M
Q2 24
$33.3M
$16.4M
Q1 24
$33.5M
$17.4M
Net Profit
EXFY
EXFY
STIM
STIM
Q4 25
$-7.2M
Q3 25
$-2.3M
$-9.0M
Q2 25
$-8.8M
$-10.1M
Q1 25
$-3.2M
$-12.7M
Q4 24
$-12.7M
Q3 24
$-2.2M
$-13.3M
Q2 24
$-2.8M
$-9.8M
Q1 24
$-3.8M
$-7.9M
Gross Margin
EXFY
EXFY
STIM
STIM
Q4 25
49.2%
52.0%
Q3 25
49.6%
45.9%
Q2 25
51.9%
46.6%
Q1 25
50.6%
49.2%
Q4 24
51.0%
66.2%
Q3 24
51.6%
75.6%
Q2 24
56.9%
74.0%
Q1 24
56.5%
75.1%
Operating Margin
EXFY
EXFY
STIM
STIM
Q4 25
-11.2%
-12.1%
Q3 25
-6.4%
-19.6%
Q2 25
-28.9%
-21.1%
Q1 25
-4.1%
-34.4%
Q4 24
1.3%
-51.0%
Q3 24
0.8%
-41.7%
Q2 24
0.7%
-51.7%
Q1 24
-5.3%
-39.4%
Net Margin
EXFY
EXFY
STIM
STIM
Q4 25
-17.2%
Q3 25
-6.6%
-24.3%
Q2 25
-24.6%
-26.6%
Q1 25
-8.8%
-39.6%
Q4 24
-56.4%
Q3 24
-6.2%
-72.0%
Q2 24
-8.3%
-59.8%
Q1 24
-11.3%
-45.2%
EPS (diluted)
EXFY
EXFY
STIM
STIM
Q4 25
$-0.07
$-0.10
Q3 25
$-0.03
$-0.13
Q2 25
$-0.10
$-0.15
Q1 25
$-0.03
$-0.21
Q4 24
$-0.03
$-0.34
Q3 24
$-0.02
$-0.44
Q2 24
$-0.03
$-0.33
Q1 24
$-0.04
$-0.27

Balance Sheet & Financial Strength

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

Metric
EXFY
EXFY
STIM
STIM
Cash + ST InvestmentsLiquidity on hand
$63.1M
$28.1M
Total DebtLower is stronger
$65.8M
Stockholders' EquityBook value
$132.7M
$22.4M
Total Assets
$186.0M
$141.6M
Debt / EquityLower = less leverage
2.94×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EXFY
EXFY
STIM
STIM
Q4 25
$63.1M
$28.1M
Q3 25
$61.5M
$28.0M
Q2 25
$60.5M
$11.0M
Q1 25
$59.6M
$20.2M
Q4 24
$48.8M
$18.5M
Q3 24
$39.2M
$20.9M
Q2 24
$53.2M
$42.6M
Q1 24
$49.3M
$47.7M
Total Debt
EXFY
EXFY
STIM
STIM
Q4 25
$65.8M
Q3 25
$65.7M
Q2 25
$55.5M
Q1 25
$55.3M
Q4 24
$55.2M
Q3 24
$46.0M
Q2 24
$59.8M
Q1 24
$59.4M
Stockholders' Equity
EXFY
EXFY
STIM
STIM
Q4 25
$132.7M
$22.4M
Q3 25
$135.7M
$27.4M
Q2 25
$131.8M
$27.1M
Q1 25
$134.7M
$35.5M
Q4 24
$128.2M
$27.7M
Q3 24
$119.9M
$9.4M
Q2 24
$114.0M
$19.4M
Q1 24
$106.5M
$27.7M
Total Assets
EXFY
EXFY
STIM
STIM
Q4 25
$186.0M
$141.6M
Q3 25
$186.8M
$145.5M
Q2 25
$187.1M
$134.7M
Q1 25
$189.2M
$142.0M
Q4 24
$173.7M
$140.9M
Q3 24
$176.2M
Q2 24
$192.9M
$96.8M
Q1 24
$184.8M
$103.8M
Debt / Equity
EXFY
EXFY
STIM
STIM
Q4 25
2.94×
Q3 25
2.40×
Q2 25
2.05×
Q1 25
1.56×
Q4 24
1.99×
Q3 24
4.90×
Q2 24
3.08×
Q1 24
2.15×

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
STIM
STIM
Operating Cash FlowLast quarter
$2.2M
$908.0K
Free Cash FlowOCF − Capex
$692.0K
FCF MarginFCF / Revenue
1.7%
Capex IntensityCapex / Revenue
0.5%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-21.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EXFY
EXFY
STIM
STIM
Q4 25
$2.2M
$908.0K
Q3 25
$4.2M
$-785.0K
Q2 25
$8.9M
$-3.5M
Q1 25
$4.8M
$-17.0M
Q4 24
$7.4M
$-8.6M
Q3 24
$3.7M
$-5.4M
Q2 24
$9.3M
$-5.0M
Q1 24
$3.5M
$-12.0M
Free Cash Flow
EXFY
EXFY
STIM
STIM
Q4 25
$692.0K
Q3 25
$-899.0K
Q2 25
$-3.8M
Q1 25
$-17.2M
Q4 24
$-8.7M
Q3 24
$-5.8M
Q2 24
$-5.6M
Q1 24
$-12.4M
FCF Margin
EXFY
EXFY
STIM
STIM
Q4 25
1.7%
Q3 25
-2.4%
Q2 25
-9.9%
Q1 25
-53.8%
Q4 24
-38.6%
Q3 24
-31.3%
Q2 24
-34.0%
Q1 24
-71.1%
Capex Intensity
EXFY
EXFY
STIM
STIM
Q4 25
0.5%
Q3 25
0.0%
0.3%
Q2 25
0.7%
Q1 25
0.7%
Q4 24
0.0%
0.4%
Q3 24
0.0%
2.1%
Q2 24
0.0%
3.7%
Q1 24
0.0%
2.2%

Financial Flow Comparison

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

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