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Side-by-side financial comparison of Expensify, Inc. (EXFY) and Star Equity Holdings, Inc. (STRR). Click either name above to swap in a different company.
Star Equity Holdings, Inc. is the larger business by last-quarter revenue ($56.8M vs $35.2M, roughly 1.6× Expensify, Inc.). On growth, Star Equity Holdings, Inc. posted the faster year-over-year revenue change (69.0% vs -4.9%). Over the past eight quarters, Star Equity Holdings, Inc.'s revenue compounded faster (29.5% 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.
Artists Equity is an American production company founded by actors and filmmakers Ben Affleck and Matt Damon in November 2022.
EXFY vs STRR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $35.2M | $56.8M |
| Net Profit | — | $-1.7M |
| Gross Margin | 49.2% | — |
| Operating Margin | -11.2% | -0.2% |
| Net Margin | — | -3.0% |
| Revenue YoY | -4.9% | 69.0% |
| Net Profit YoY | — | -192.1% |
| EPS (diluted) | $-0.07 | $-0.49 |
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 | $56.8M | ||
| Q3 25 | $35.1M | $48.0M | ||
| Q2 25 | $35.8M | $35.5M | ||
| Q1 25 | $36.1M | $31.9M | ||
| Q4 24 | $37.0M | $33.6M | ||
| Q3 24 | $35.4M | $36.9M | ||
| Q2 24 | $33.3M | $35.7M | ||
| Q1 24 | $33.5M | $33.9M |
| Q4 25 | — | $-1.7M | ||
| Q3 25 | $-2.3M | $-1.8M | ||
| Q2 25 | $-8.8M | $-688.0K | ||
| Q1 25 | $-3.2M | $-1.8M | ||
| Q4 24 | — | $-585.0K | ||
| Q3 24 | $-2.2M | $-846.0K | ||
| Q2 24 | $-2.8M | $-441.0K | ||
| Q1 24 | $-3.8M | $-2.9M |
| Q4 25 | 49.2% | — | ||
| Q3 25 | 49.6% | 43.0% | ||
| Q2 25 | 51.9% | — | ||
| Q1 25 | 50.6% | — | ||
| Q4 24 | 51.0% | — | ||
| Q3 24 | 51.6% | 50.5% | ||
| Q2 24 | 56.9% | — | ||
| Q1 24 | 56.5% | — |
| Q4 25 | -11.2% | -0.2% | ||
| Q3 25 | -6.4% | -3.4% | ||
| Q2 25 | -28.9% | -0.6% | ||
| Q1 25 | -4.1% | -5.4% | ||
| Q4 24 | 1.3% | -0.4% | ||
| Q3 24 | 0.8% | -1.2% | ||
| Q2 24 | 0.7% | -0.5% | ||
| Q1 24 | -5.3% | -9.0% |
| Q4 25 | — | -3.0% | ||
| Q3 25 | -6.6% | -3.7% | ||
| Q2 25 | -24.6% | -1.9% | ||
| Q1 25 | -8.8% | -5.5% | ||
| Q4 24 | — | -1.7% | ||
| Q3 24 | -6.2% | -2.3% | ||
| Q2 24 | -8.3% | -1.2% | ||
| Q1 24 | -11.3% | -8.6% |
| Q4 25 | $-0.07 | $-0.49 | ||
| Q3 25 | $-0.03 | $-0.54 | ||
| Q2 25 | $-0.10 | $-0.23 | ||
| Q1 25 | $-0.03 | $-0.59 | ||
| Q4 24 | $-0.03 | $-0.21 | ||
| Q3 24 | $-0.02 | $-0.28 | ||
| Q2 24 | $-0.03 | $-0.15 | ||
| Q1 24 | $-0.04 | $-0.95 |
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 | $65.7M |
| Total Assets | $186.0M | $113.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $63.1M | $10.3M | ||
| Q3 25 | $61.5M | $15.4M | ||
| Q2 25 | $60.5M | $16.8M | ||
| Q1 25 | $59.6M | $16.6M | ||
| Q4 24 | $48.8M | $17.0M | ||
| Q3 24 | $39.2M | $15.8M | ||
| Q2 24 | $53.2M | $14.7M | ||
| Q1 24 | $49.3M | $20.4M |
| Q4 25 | — | — | ||
| Q3 25 | — | $6.5M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $0 | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $132.7M | $65.7M | ||
| Q3 25 | $135.7M | $67.8M | ||
| Q2 25 | $131.8M | $40.1M | ||
| Q1 25 | $134.7M | $39.5M | ||
| Q4 24 | $128.2M | $40.4M | ||
| Q3 24 | $119.9M | $42.9M | ||
| Q2 24 | $114.0M | $42.6M | ||
| Q1 24 | $106.5M | $44.3M |
| Q4 25 | $186.0M | $113.2M | ||
| Q3 25 | $186.8M | $117.1M | ||
| Q2 25 | $187.1M | $55.6M | ||
| Q1 25 | $189.2M | $53.2M | ||
| Q4 24 | $173.7M | $52.6M | ||
| Q3 24 | $176.2M | $52.6M | ||
| Q2 24 | $192.9M | $52.6M | ||
| Q1 24 | $184.8M | $52.6M |
| Q4 25 | — | — | ||
| Q3 25 | — | 0.10× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.00× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $-7.3M |
| Free Cash FlowOCF − Capex | — | $-9.0M |
| FCF MarginFCF / Revenue | — | -15.8% |
| Capex IntensityCapex / Revenue | — | 3.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-13.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.2M | $-7.3M | ||
| Q3 25 | $4.2M | $-2.7M | ||
| Q2 25 | $8.9M | $139.0K | ||
| Q1 25 | $4.8M | $-802.0K | ||
| Q4 24 | $7.4M | $-2.8M | ||
| Q3 24 | $3.7M | $1.3M | ||
| Q2 24 | $9.3M | $-4.3M | ||
| Q1 24 | $3.5M | $-1.8M |
| Q4 25 | — | $-9.0M | ||
| Q3 25 | — | $-3.4M | ||
| Q2 25 | — | $102.0K | ||
| Q1 25 | — | $-808.0K | ||
| Q4 24 | — | $-2.8M | ||
| Q3 24 | — | $1.3M | ||
| Q2 24 | — | $-4.3M | ||
| Q1 24 | — | $-1.8M |
| Q4 25 | — | -15.8% | ||
| Q3 25 | — | -7.0% | ||
| Q2 25 | — | 0.3% | ||
| Q1 25 | — | -2.5% | ||
| Q4 24 | — | -8.3% | ||
| Q3 24 | — | 3.4% | ||
| Q2 24 | — | -12.0% | ||
| Q1 24 | — | -5.3% |
| Q4 25 | — | 3.0% | ||
| Q3 25 | 0.0% | 1.3% | ||
| Q2 25 | — | 0.1% | ||
| Q1 25 | — | 0.0% | ||
| Q4 24 | 0.0% | 0.1% | ||
| Q3 24 | 0.0% | 0.0% | ||
| Q2 24 | 0.0% | 0.0% | ||
| Q1 24 | 0.0% | 0.0% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EXFY
Segment breakdown not available.
STRR
| Revenue From Other Contracts With Customers | $27.6M | 49% |
| Other | $24.3M | 43% |
| Energy Services Segment | $4.9M | 9% |
