Expensify, Inc. (EXFY) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 33.97M | 35.2M | 35.06M | 35.76M | 36.07M | 37M | 35.41M | 33.29M | 33.53M | 35.21M | 36.49M | 38.88M | 40.1M | 43.47M | 42.49M | 43.16M | 40.37M | 40.36M | 37.45M | 35.3M |
| Revenue Growth % | -5.84% | -4.88% | -0.97% | 7.44% | 7.57% | 5.1% | -2.97% | -14.39% | -16.37% | -19% | -14.12% | -9.91% | -0.67% | 7.69% | 13.48% | 22.26% | 35.83% | 56.83% | - | - |
| Cost of Goods Sold | 17.8M | 17.89M | 17.67M | 17.19M | 17.83M | 18.15M | 17.14M | 14.36M | 14.58M | 16.51M | 17.68M | 16.93M | 15.78M | 16.11M | 16.55M | 15.88M | 14.13M | 19.93M | 18.2M | 7.93M |
| COGS % of Revenue | 52.39% | 50.82% | 50.38% | 48.06% | 49.43% | 49.04% | 48.42% | 43.15% | 43.49% | 46.89% | 48.45% | 43.53% | 39.34% | 37.05% | 38.96% | 36.78% | 35.01% | 49.36% | 48.59% | 22.47% |
| Gross Profit | 16.17M | 17.31M | 17.4M | 18.58M | 18.24M | 18.86M | 18.26M | 18.93M | 18.95M | 18.7M | 18.81M | 21.96M | 24.33M | 27.36M | 25.94M | 27.29M | 26.24M | 20.44M | 19.25M | 27.37M |
| Gross Margin % | 47.61% | 49.18% | 49.62% | 51.94% | 50.57% | 50.96% | 51.58% | 56.85% | 56.51% | 53.11% | 51.55% | 56.47% | 60.66% | 62.95% | 61.04% | 63.22% | 64.99% | 50.64% | 51.41% | 77.53% |
| Gross Profit Growth % | -11.35% | -8.2% | -4.74% | -1.84% | -3.74% | 0.83% | -2.92% | -13.82% | -22.1% | -31.66% | -27.47% | -19.52% | -7.28% | 33.88% | 34.75% | -0.31% | 18.81% | 18.8% | - | - |
| Operating Expenses | 18.14M | 21.25M | 19.66M | 28.91M | 19.73M | 18.39M | 17.98M | 18.71M | 20.74M | 24.69M | 33.71M | 31.52M | 27.03M | 28.06M | 31.66M | 31.26M | 31.08M | 40.87M | 28.11M | 19.87M |
| OpEx % of Revenue | 53.41% | 60.36% | 56.05% | 80.85% | 54.69% | 49.7% | 50.77% | 56.19% | 61.86% | 70.11% | 92.38% | 81.06% | 67.4% | 64.56% | 74.5% | 72.42% | 76.99% | 101.26% | 75.06% | 56.29% |
| Selling, General & Admin | 12.88M | 15.98M | 14.75M | 23.76M | 14.37M | 11.69M | 12.36M | 12.32M | 14.81M | 18.44M | 27.11M | 26.43M | 21.61M | 25.07M | 28.24M | 27.68M | 27.38M | 38.02M | 25.94M | 15M |
| SG&A % of Revenue | 37.91% | 45.41% | 42.06% | 66.43% | 39.84% | 31.59% | 34.9% | 37% | 44.18% | 52.37% | 74.27% | 67.96% | 53.89% | 57.68% | 66.46% | 64.12% | 67.82% | 94.2% | 69.27% | 42.48% |
| Research & Development | 5.26M | 5.26M | 6.8M | 5.16M | 5.36M | 6.7M | 5.62M | 6.39M | 5.93M | 6.25M | 6.61M | 5.09M | 5.42M | 2.99M | 3.42M | 3.58M | 3.7M | 2.85M | 2.17M | 4.87M |
| R&D % of Revenue | 15.5% | 14.95% | 19.41% | 14.42% | 14.85% | 18.11% | 15.87% | 19.19% | 17.68% | 17.75% | 18.1% | 13.1% | 13.51% | 6.88% | 8.04% | 8.3% | 9.17% | 7.06% | 5.79% | 13.81% |
| Other Operating Expenses | 0 | 0 | -1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | -1.97M | -3.94M | -2.26M | -10.34M | -1.49M | 465K | 288K | 219K | -1.79M | -5.99M | -14.9M | -9.56M | -2.7M | -700K | -5.72M | -3.97M | -4.84M | -20.43M | -8.86M | 7.5M |
| Operating Margin % | -5.81% | -11.19% | -6.44% | -28.91% | -4.12% | 1.26% | 0.81% | 0.66% | -5.35% | -17% | -40.82% | -24.59% | -6.74% | -1.61% | -13.45% | -9.21% | -11.99% | -50.63% | -23.65% | 21.24% |
| Operating Income Growth % | -32.62% | -946.67% | -883.68% | -4820.55% | 17.07% | 107.77% | 101.93% | 102.29% | 33.69% | -755.14% | -160.59% | -140.59% | 44.16% | 96.57% | 35.46% | -152.99% | -141.95% | -565.28% | - | - |
| EBITDA | 421K | -1.66M | -2.02M | -8.28M | 496K | 2.43M | 2.09M | 1.85M | -370K | -4.69M | -13.82M | -8.19M | -1.29M | 616K | -4.38M | -2.41M | -3.67M | -18.97M | -7.42M | 8.62M |
| EBITDA Margin % | 1.24% | -4.7% | -5.76% | -23.15% | 1.38% | 6.56% | 5.89% | 5.55% | -1.1% | -13.33% | -37.86% | -21.05% | -3.22% | 1.42% | -10.31% | -5.57% | -9.1% | -47% | -19.81% | 24.43% |
| EBITDA Growth % | -15.12% | -168.2% | -196.79% | -547.81% | 234.05% | 151.74% | 115.1% | 122.59% | 71.34% | -861.85% | -215.43% | -240.19% | 64.87% | 103.25% | 40.96% | -127.9% | -128.91% | -458.8% | - | - |
| D&A (Non-Cash Add-back) | 2.39M | 2.28M | 238K | 2.06M | 1.98M | 1.96M | 1.8M | 1.63M | 1.42M | 1.29M | 1.08M | 1.38M | 1.41M | 1.32M | 1.34M | 1.57M | 1.17M | 1.47M | 1.44M | 1.12M |
| EBIT | -1.97M | -3.52M | -2.16M | -10.34M | -1.49M | 465K | 288K | 219K | -1.79M | -5.99M | -14.9M | -9.56M | -2.7M | -700K | -5.72M | -3.97M | -4.84M | -20.43M | -8.86M | 7.5M |
| Net Interest Income | 171K | 0 | 96K | 889K | 324K | -539K | 181K | -260K | -954K | -169K | -2.38M | -1.37M | -1.42M | -185K | -2.37M | -1.96M | -902K | -920K | -1.05M | -769K |
| Interest Income | 171K | 0 | 96K | 889K | 324K | 0 | 181K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 539K | 0 | 260K | 954K | 169K | 2.38M | 1.37M | 1.42M | 185K | 2.37M | 1.96M | 902K | 920K | 1.05M | 769K |
| Other Income/Expense | 171K | 417K | 96K | 889K | 324K | -539K | 181K | -260K | -954K | -169K | -2.38M | -1.37M | -1.42M | -185K | -2.37M | -1.96M | -902K | -920K | -1.05M | -769K |
| Pretax Income | -1.8M | -3.52M | -2.16M | -9.45M | -1.16M | -74K | 469K | -41K | -2.75M | -6.16M | -17.27M | -10.93M | -4.12M | -885K | -8.09M | -5.93M | -5.74M | -21.36M | -9.91M | 6.73M |
| Pretax Margin % | -5.3% | -10% | -6.16% | -26.42% | -3.22% | -0.2% | 1.32% | -0.12% | -8.19% | -17.48% | -47.33% | -28.1% | -10.27% | -2.04% | -19.03% | -13.74% | -14.23% | -52.91% | -26.47% | 19.06% |
| Income Tax | 536K | 3.6M | 154K | -661K | 2.01M | 1.24M | 2.67M | 2.72M | 1.03M | 1.05M | -270K | 376K | 1.82M | 2.51M | 156K | 2.06M | 1.63M | 532K | -3.57M | 99K |
| Effective Tax Rate % | -29.76% | -102.19% | -7.13% | 7% | -172.48% | -1672.97% | 568.66% | -6641.46% | -37.64% | -17.04% | 1.56% | -3.44% | -44.3% | -283.84% | -1.93% | -34.83% | -28.41% | -2.49% | 35.99% | 1.47% |
| Net Income | -2.34M | -7.12M | -2.31M | -8.79M | -3.17M | -1.31M | -2.2M | -2.76M | -3.78M | -7.2M | -17M | -11.3M | -5.95M | -3.4M | -8.24M | -7.99M | -7.38M | -21.89M | -6.34M | 1.93M |
| Net Margin % | -6.88% | -20.22% | -6.6% | -24.57% | -8.78% | -3.55% | -6.21% | -8.3% | -11.27% | -20.46% | -46.59% | -29.07% | -14.83% | -7.81% | -19.4% | -18.52% | -18.27% | -54.22% | -16.94% | 5.45% |
| Net Income Growth % | 26.25% | -442.45% | -5.32% | -217.95% | 16.19% | 81.79% | 87.07% | 75.55% | 36.4% | -112.07% | -106.3% | -41.41% | 19.4% | 84.48% | -29.9% | -515.27% | -395.51% | -1356.43% | - | - |
| Net Income (Continuing) | -2.34M | -7.12M | -2.31M | -8.79M | -3.17M | -1.31M | -2.2M | -2.76M | -3.78M | -7.2M | -17M | -11.3M | -5.95M | -3.4M | -8.24M | -7.99M | -7.38M | -21.89M | -6.34M | 6.63M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.02 | -0.08 | -0.03 | -0.10 | -0.03 | -0.01 | 0.12 | -0.03 | -0.04 | -0.09 | -0.21 | -0.14 | -0.07 | -0.04 | -0.10 | -0.10 | -0.09 | -0.82 | -0.21 | 0.06 |
| EPS Growth % | 28.03% | -425.34% | -120.83% | -198.43% | 22.07% | 83.04% | 157.14% | 77.21% | 38.93% | -106.97% | -110% | -40.99% | 20.98% | 94.93% | 52.38% | -277.96% | -227.07% | -2052.38% | - | - |
| EPS (Basic) | -0.02 | -0.08 | -0.03 | -0.10 | -0.03 | -0.01 | 0.12 | -0.03 | -0.04 | -0.09 | -0.21 | -0.14 | -0.07 | -0.04 | -0.10 | -0.10 | -0.09 | -0.82 | -0.21 | 0.06 |
| Diluted Shares Outstanding | 93.72M | 92.79M | 92.56M | 92.27M | 91.5M | 89.58M | 88.18M | 86.59M | 85.14M | 83.7M | 82.47M | 82.01M | 81.77M | 81.57M | 80.94M | 80.47M | 80.15M | 26.78M | 30.63M | 34.49M |
| Basic Shares Outstanding | 93.72M | 92.79M | 92.56M | 92.27M | 91.5M | 89.58M | 88.18M | 86.59M | 85.14M | 83.7M | 82.47M | 82.01M | 81.77M | 81.57M | 80.94M | 80.47M | 80.15M | 26.78M | 30.63M | 34.49M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |