Expensify, Inc.
EXFYUSExpensify, Inc. provides a digital platform accessible via the cloud, specializing in expense management for clients across the United States and globally. The company's flagship product, also called Expensify, is a comprehensive tool that streamlines various financial operations. These capabilities include overseeing corporate credit cards, settling bills, generating invoices, processing incoming payments, and facilitating travel arrangements. Furthermore, it offers functionalities for individuals to monitor and submit their spending proposals. Expensify, Inc. caters to a diverse clientele, ranging from individual users and small-to-medium-sized businesses to major corporations and large enterprises. The company was founded in San Francisco, California, in 2008.
Enterprise value over trailing (LTM) vs. forward (NTM) fundamentals. Click an LTM cell to chart it.
- Sector
- Application Software
- Sub-sector
- Finance, ERP & Procurement Applications
- Listing
- EXFY
- Country
- US
Annual financials & analyst forecasts
| $M | CY2021 | CY2022 | CY2023 | CY2024 | CY2025 | CY2026E | CY2027E |
|---|---|---|---|---|---|---|---|
| Revenue YoY | — | 19% | -11% | -8% | 2% | -5% | -0% |
| Revenue | $143M | $169M | $151M | $139M | $142M | $135M | $135M |
| Gross Profit | $89M | $107M | $84M | $75M | $72M | — | — |
| Gross Profit Margin | 62.4% | 63.0% | 55.6% | 53.9% | 50.3% | — | — |
| EBITDA | ($5M) | ($10M) | ($28M) | $6M | ($10M) | ($3M) | ($3M) |
| EBITDA Margin | -3.5% | -5.8% | -18.6% | 4.3% | -6.8% | -2.4% | -2.4% |
| EBIT | ($10M) | ($15M) | ($33M) | ($0.82M) | ($18M) | ($15M) | ($15M) |
| Net Income | ($24M) | ($27M) | ($41M) | ($10M) | ($21M) | $8M | $7M |
| Free Cash Flow | ($2M) | $32M | ($5M) | $16M | $18M | — | — |
| FCF Margin | -1.5% | 18.8% | -3.1% | 11.7% | 12.7% | — | — |
| Short-Term Debt | $16M | $16M | $23M | $0M | $0M | — | — |
| Long-Term Debt | $52M | $51M | $0M | $0M | $0M | — | — |
| Cash & Cash Equivalents | $98M | $104M | $48M | $49M | $63M | — | — |
| Net Debt | ($31M) | ($37M) | ($25M) | ($49M) | ($63M) | — | — |
| Net Debt / EBITDA | — | — | — | -8.1x | — | — | — |
| Rule of 40 | — | 37.5% | -14.2% | 4.1% | 14.7% | — | — |