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Side-by-side financial comparison of Expensify, Inc. (EXFY) and Voyager Technologies, Inc. (VOYG). Click either name above to swap in a different company.
Voyager Technologies, Inc. is the larger business by last-quarter revenue ($35.2M vs $35.2M, roughly 1.0× Expensify, Inc.). On growth, Voyager Technologies, Inc. posted the faster year-over-year revenue change (2.1% 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.
EXFY vs VOYG — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $35.2M | $35.2M |
| Net Profit | — | $-45.9M |
| Gross Margin | 49.2% | -4.4% |
| Operating Margin | -11.2% | — |
| Net Margin | — | -130.4% |
| Revenue YoY | -4.9% | 2.1% |
| Net Profit YoY | — | -64.5% |
| EPS (diluted) | $-0.07 | $-0.75 |
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.
| Q1 26 | — | $35.2M | ||
| Q4 25 | $35.2M | $46.7M | ||
| Q3 25 | $35.1M | $39.6M | ||
| Q2 25 | $35.8M | $45.7M | ||
| Q1 25 | $36.1M | — | ||
| Q4 24 | $37.0M | — | ||
| Q3 24 | $35.4M | — | ||
| Q2 24 | $33.3M | — |
| Q1 26 | — | $-45.9M | ||
| Q4 25 | — | $-33.0M | ||
| Q3 25 | $-2.3M | $-16.3M | ||
| Q2 25 | $-8.8M | $-31.4M | ||
| Q1 25 | $-3.2M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $-2.2M | — | ||
| Q2 24 | $-2.8M | — |
| Q1 26 | — | -4.4% | ||
| Q4 25 | 49.2% | 21.4% | ||
| Q3 25 | 49.6% | 15.4% | ||
| Q2 25 | 51.9% | 18.0% | ||
| Q1 25 | 50.6% | — | ||
| Q4 24 | 51.0% | — | ||
| Q3 24 | 51.6% | — | ||
| Q2 24 | 56.9% | — |
| Q1 26 | — | — | ||
| Q4 25 | -11.2% | — | ||
| Q3 25 | -6.4% | -60.7% | ||
| Q2 25 | -28.9% | -52.8% | ||
| Q1 25 | -4.1% | — | ||
| Q4 24 | 1.3% | — | ||
| Q3 24 | 0.8% | — | ||
| Q2 24 | 0.7% | — |
| Q1 26 | — | -130.4% | ||
| Q4 25 | — | -70.7% | ||
| Q3 25 | -6.6% | -41.1% | ||
| Q2 25 | -24.6% | -68.7% | ||
| Q1 25 | -8.8% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -6.2% | — | ||
| Q2 24 | -8.3% | — |
| Q1 26 | — | $-0.75 | ||
| Q4 25 | $-0.07 | $-0.52 | ||
| Q3 25 | $-0.03 | $-0.28 | ||
| Q2 25 | $-0.10 | $-1.23 | ||
| Q1 25 | $-0.03 | — | ||
| Q4 24 | $-0.03 | — | ||
| Q3 24 | $-0.02 | — | ||
| Q2 24 | $-0.03 | — |
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 | $429.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $132.7M | $404.5M |
| Total Assets | $186.0M | $1.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $429.4M | ||
| Q4 25 | $63.1M | $491.3M | ||
| Q3 25 | $61.5M | $413.3M | ||
| Q2 25 | $60.5M | $468.9M | ||
| Q1 25 | $59.6M | — | ||
| Q4 24 | $48.8M | — | ||
| Q3 24 | $39.2M | — | ||
| Q2 24 | $53.2M | — |
| Q1 26 | — | $404.5M | ||
| Q4 25 | $132.7M | — | ||
| Q3 25 | $135.7M | $590.9M | ||
| Q2 25 | $131.8M | $554.7M | ||
| Q1 25 | $134.7M | — | ||
| Q4 24 | $128.2M | — | ||
| Q3 24 | $119.9M | — | ||
| Q2 24 | $114.0M | — |
| Q1 26 | — | $1.0B | ||
| Q4 25 | $186.0M | — | ||
| Q3 25 | $186.8M | $727.8M | ||
| Q2 25 | $187.1M | $685.3M | ||
| Q1 25 | $189.2M | — | ||
| Q4 24 | $173.7M | — | ||
| Q3 24 | $176.2M | — | ||
| Q2 24 | $192.9M | — |
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 | $-39.7M |
| Free Cash FlowOCF − Capex | — | $-66.8M |
| FCF MarginFCF / Revenue | — | -189.5% |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-263.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $-39.7M | ||
| Q4 25 | $2.2M | $-60.9M | ||
| Q3 25 | $4.2M | $-15.1M | ||
| Q2 25 | $8.9M | $-30.9M | ||
| Q1 25 | $4.8M | — | ||
| Q4 24 | $7.4M | — | ||
| Q3 24 | $3.7M | — | ||
| Q2 24 | $9.3M | — |
| Q1 26 | — | $-66.8M | ||
| Q4 25 | — | $-54.5M | ||
| Q3 25 | — | $-53.8M | ||
| Q2 25 | — | $-88.8M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | -189.5% | ||
| Q4 25 | — | -116.9% | ||
| Q3 25 | — | -135.8% | ||
| Q2 25 | — | -194.4% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 0.0% | 97.8% | ||
| Q2 25 | — | 126.7% | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.0% | — | ||
| Q3 24 | 0.0% | — | ||
| Q2 24 | 0.0% | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
