Expensify, Inc. (EXFY) AI Stock Analysis

Expensify, Inc. offers a cloud-based expense management software platform designed for individuals, small businesses, and large corporations worldwide. The company's platform allows users to manage financial tasks such as corporate card management, bill payments, invoice generation, payment collections, and travel booking. Expensify provides automation features to streamline expense tracking and submission processes. Headquartered in Portland, Oregon, the company also provides real-time reporting and budget analysis tools.

Expensify grew revenue from $142.8M in FY2021 to $169.5M in FY2022 before contracting to $150.7M in FY2023 and $139.2M in FY2024. FY2025 revenue rebounded slightly by 2.1% to $142.1M, representing a 5-year revenue CAGR of 10.0%. However, gross margin compressed from 62.4% in FY2021 to 50.3% in FY2025. The company reported net losses across all five years, including -$21.4M in FY2025 and -$10.1M in FY2024. For the latest quarter ended June 30, 2026, revenue fell 5.3% year-over-year, while trailing twelve-month revenue stood at $138.1M with a profit margin of -11.3% and EPS of -$0.18.

As of June 30, 2026, Expensify held $65.8M in cash and short-term investments against $4.8M in total debt, resulting in net cash of $61.0M. The company maintains a current ratio of 3.50 and a debt-to-equity ratio of 0.04 alongside shareholders' equity of $134.6M. In FY2025, operating cash flow was $20.1M, and free cash flow reached $20.1M with capital expenditures limited to $17,000. Capital allocation in FY2025 included $9.1M dedicated to share buybacks.

Expensify carries a market capitalization of $220.7M and an enterprise value of $153.9M. The stock trades at a price-to-sales multiple of 1.6x and an EV-to-revenue ratio of 1.1x, below the median of its US-listed Technology peers at 2.8x. Over the past year, EXFY returned 44.9%, outperforming the S&P 500 benchmark ETF return of 16.8%. The stock trades 56.3% above its 200-day moving average and has a beta of 1.74.

Wall Street coverage includes 1 Buy rating and 2 Hold ratings, with 0 Sell ratings. The mean price target is $2.83, which is 17.1% above the last closing price of $2.42. For the current fiscal year ending December 31, 2026, consensus estimates project EPS of $0.12 and revenue of $135.9M. For the following fiscal year, 3 analysts estimate revenue of $136.1M and EPS of $0.10. Expensify has beaten EPS estimates in 1 of the last 4 quarters, with its next earnings date scheduled for November 5, 2026.

This page is an AI-written research summary of Expensify, Inc. (EXFY). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: EXFY income statement, EXFY balance sheet, EXFY key metrics, EXFY analyst forecast, EXFY chart. See the EXFY stock overview for the latest quote and news.