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Side-by-side financial comparison of Expensify, Inc. (EXFY) and TSS, Inc. (TSSI). Click either name above to swap in a different company.
TSS, Inc. is the larger business by last-quarter revenue ($60.9M vs $35.2M, roughly 1.7× Expensify, Inc.). On growth, TSS, Inc. posted the faster year-over-year revenue change (21.8% vs -4.9%). Over the past eight quarters, TSS, Inc.'s revenue compounded faster (95.8% 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.
EXFY vs TSSI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $35.2M | $60.9M |
| Net Profit | — | $12.2M |
| Gross Margin | 49.2% | 17.6% |
| Operating Margin | -11.2% | 1.5% |
| Net Margin | — | 20.0% |
| Revenue YoY | -4.9% | 21.8% |
| Net Profit YoY | — | 535.7% |
| EPS (diluted) | $-0.07 | $0.44 |
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 | $60.9M | ||
| Q3 25 | $35.1M | $41.9M | ||
| Q2 25 | $35.8M | $44.0M | ||
| Q1 25 | $36.1M | $99.0M | ||
| Q4 24 | $37.0M | $50.0M | ||
| Q3 24 | $35.4M | $70.1M | ||
| Q2 24 | $33.3M | $12.2M | ||
| Q1 24 | $33.5M | $15.9M |
| Q4 25 | — | $12.2M | ||
| Q3 25 | $-2.3M | $-1.5M | ||
| Q2 25 | $-8.8M | $1.5M | ||
| Q1 25 | $-3.2M | $3.0M | ||
| Q4 24 | — | $1.9M | ||
| Q3 24 | $-2.2M | $2.6M | ||
| Q2 24 | $-2.8M | $1.4M | ||
| Q1 24 | $-3.8M | $15.0K |
| Q4 25 | 49.2% | 17.6% | ||
| Q3 25 | 49.6% | 11.1% | ||
| Q2 25 | 51.9% | 17.8% | ||
| Q1 25 | 50.6% | 9.3% | ||
| Q4 24 | 51.0% | 14.4% | ||
| Q3 24 | 51.6% | 11.3% | ||
| Q2 24 | 56.9% | 37.3% | ||
| Q1 24 | 56.5% | 17.1% |
| Q4 25 | -11.2% | 1.5% | ||
| Q3 25 | -6.4% | -2.2% | ||
| Q2 25 | -28.9% | 5.1% | ||
| Q1 25 | -4.1% | 4.2% | ||
| Q4 24 | 1.3% | 0.0% | ||
| Q3 24 | 0.8% | 5.4% | ||
| Q2 24 | 0.7% | 14.0% | ||
| Q1 24 | -5.3% | 1.6% |
| Q4 25 | — | 20.0% | ||
| Q3 25 | -6.6% | -3.6% | ||
| Q2 25 | -24.6% | 3.4% | ||
| Q1 25 | -8.8% | 3.0% | ||
| Q4 24 | — | 3.8% | ||
| Q3 24 | -6.2% | 3.8% | ||
| Q2 24 | -8.3% | 11.5% | ||
| Q1 24 | -11.3% | 0.1% |
| Q4 25 | $-0.07 | $0.44 | ||
| Q3 25 | $-0.03 | $-0.06 | ||
| Q2 25 | $-0.10 | $0.06 | ||
| Q1 25 | $-0.03 | $0.12 | ||
| Q4 24 | $-0.03 | $0.08 | ||
| Q3 24 | $-0.02 | $0.10 | ||
| Q2 24 | $-0.03 | $0.06 | ||
| Q1 24 | $-0.04 | $0.00 |
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 | $85.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $132.7M | $76.6M |
| Total Assets | $186.0M | $184.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $63.1M | $85.5M | ||
| Q3 25 | $61.5M | $70.7M | ||
| Q2 25 | $60.5M | — | ||
| Q1 25 | $59.6M | — | ||
| Q4 24 | $48.8M | $23.2M | ||
| Q3 24 | $39.2M | $46.4M | ||
| Q2 24 | $53.2M | $8.3M | ||
| Q1 24 | $49.3M | $14.4M |
| Q4 25 | $132.7M | $76.6M | ||
| Q3 25 | $135.7M | $63.4M | ||
| Q2 25 | $131.8M | $9.5M | ||
| Q1 25 | $134.7M | $9.4M | ||
| Q4 24 | $128.2M | $7.1M | ||
| Q3 24 | $119.9M | $7.7M | ||
| Q2 24 | $114.0M | $5.2M | ||
| Q1 24 | $106.5M | $3.7M |
| Q4 25 | $186.0M | $184.9M | ||
| Q3 25 | $186.8M | $165.4M | ||
| Q2 25 | $187.1M | $139.5M | ||
| Q1 25 | $189.2M | $113.5M | ||
| Q4 24 | $173.7M | $96.6M | ||
| Q3 24 | $176.2M | $67.3M | ||
| Q2 24 | $192.9M | $28.9M | ||
| Q1 24 | $184.8M | $26.8M |
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 | $16.3M |
| Free Cash FlowOCF − Capex | — | $15.8M |
| FCF MarginFCF / Revenue | — | 25.9% |
| Capex IntensityCapex / Revenue | — | 0.9% |
| Cash ConversionOCF / Net Profit | — | 1.34× |
| TTM Free Cash FlowTrailing 4 quarters | — | $2.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.2M | $16.3M | ||
| Q3 25 | $4.2M | $-18.4M | ||
| Q2 25 | $8.9M | $16.3M | ||
| Q1 25 | $4.8M | $20.6M | ||
| Q4 24 | $7.4M | $-21.6M | ||
| Q3 24 | $3.7M | $38.6M | ||
| Q2 24 | $9.3M | $-4.3M | ||
| Q1 24 | $3.5M | $2.6M |
| Q4 25 | — | $15.8M | ||
| Q3 25 | — | $-24.9M | ||
| Q2 25 | — | $5.4M | ||
| Q1 25 | — | $5.8M | ||
| Q4 24 | — | $-28.4M | ||
| Q3 24 | — | $38.6M | ||
| Q2 24 | — | $-6.0M | ||
| Q1 24 | — | $2.6M |
| Q4 25 | — | 25.9% | ||
| Q3 25 | — | -59.3% | ||
| Q2 25 | — | 12.3% | ||
| Q1 25 | — | 5.8% | ||
| Q4 24 | — | -56.7% | ||
| Q3 24 | — | 55.1% | ||
| Q2 24 | — | -49.4% | ||
| Q1 24 | — | 16.4% |
| Q4 25 | — | 0.9% | ||
| Q3 25 | 0.0% | 15.3% | ||
| Q2 25 | — | 24.8% | ||
| Q1 25 | — | 15.0% | ||
| Q4 24 | 0.0% | 13.4% | ||
| Q3 24 | 0.0% | 0.1% | ||
| Q2 24 | 0.0% | 13.8% | ||
| Q1 24 | 0.0% | 0.2% |
| Q4 25 | — | 1.34× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 11.02× | ||
| Q1 25 | — | 6.93× | ||
| Q4 24 | — | -11.32× | ||
| Q3 24 | — | 14.60× | ||
| Q2 24 | — | -3.09× | ||
| Q1 24 | — | 176.40× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EXFY
Segment breakdown not available.
TSSI
| Procurement Revenues Segment | $43.2M | 71% |
| System Integration Services Segment | $14.2M | 23% |
| Facilities Segment | $3.5M | 6% |
