← Expensify, Inc.
| Annual Trend | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Net loss | $1.2m | ($1.7m) | ($13.6m) | ($27.0m) | ($41.5m) | ($10.1m) | ($21.4m) | — | |
| Net Income | — | — | — | ($27.0m) |
($41.5m)
-53.49%
|
($10.1m)
+75.75%
|
($21.4m)
-112.72%
|
($15.6m)
+26.97%
|
|
| Depreciation and amortization | $2.8m | $3.2m | $5.2m | $5.4m | $5.2m | $6.8m | $8.5m | $9.0m | |
| Amortization of debt issuance costs | $32k | $32k | $32k | $42k | $257k | $54k | $133k | — | |
| Depreciation Amortization Depletion | — | — | — | $5.4m | $5.2m | $6.8m | $8.5m | $9.0m | |
| Deferred tax assets | ($2.9m) | $2.4m | $48k | $26k | ($113k) | ($42k) | $5k | — | |
| Deferred Income Tax | — | — | — | $26k | ($113k) | ($42k) | $5k | $60k | |
| Stock-based compensation | $1.7m | $17.8m | $14.6m | $52.3m | $41.2m | $33.5m | $26.6m | $24.8m | |
| Payments for employee taxes withheld from stock-based awards | — | $0 | $0 | ($5.3m) | ($1.8m) | ($2.2m) | $0 | — | |
| Stock-based compensation capitalized as software development costs | — | — | $628k | $1.8m | $3.1m | $2.7m | $1.6m | $24.8m | |
| Loss on impairment, receivables and sale or disposal of equipment | $60k | $162k | $319k | $881k | $923k | $727k | $603k | — | |
| Asset Impairment Charge | — | — | — | $881k | $923k | $727k | $603k | $989k | |
| Change In Working Capital | — | — | — | $550k | ($5.0m) | ($7.7m) | $5.1m | ($7.4m) | |
| Accounts receivable, net | ($2.0m) | ($2.2m) | ($6.0m) | ($1.3m) | $2.2m | $704k | ($355k) | $252k | |
| Change In Receivables | — | — | — | ($1.3m) | $2.2m | $704k | ($355k) | $252k | |
| Changes In Account Receivables | — | — | — | ($1.3m) | $2.2m | $704k | ($355k) | $252k | |
| Accounts payable | $446k | ($714k) | $1.4m | ($2.7m) | $228k | ($1.1m) | $91k | ($916k) | |
| Purchases of property and equipment and capitalized software in accounts payable and accrued expenses | — | — | $0 | $0 | $390k | $37k | $111k | ($4.4m) | |
| Change In Payables And Accrued Expense | — | — | — | ($4.2m) | $1.1m | ($1.5m) | $9.8m | ($916k) | |
| Accrued expenses and other liabilities | $226k | $1.8m | $7.5m | ($1.5m) | $906k | ($404k) | $9.7m | — | |
| Change In Accrued Expense | — | — | — | ($1.5m) | $906k | ($404k) | $9.7m | ($1.2m) | |
| Other current assets | $45k | ($1.4m) | ($4.1m) | $2.9m | ($561k) | $2.3m | ($6.9m) | $2.3m | |
| Other assets | ($31k) | ($248k) | $124k | ($81k) | ($5.1m) | ($167k) | ($135k) | — | |
| Other liabilities | $0 | $877k | ($725k) | $1.1m | $610k | $8k | $89k | — | |
| Restricted cash included in other current assets | $421k | $2.0m | $8.7m | $19.5m | $27.7m | $20.0m | $18.5m | — | |
| Change In Other Current Assets | — | — | — | ($5.0m) | ($12.1m) | ($295k) | ($9.0m) | $2.3m | |
| Change In Other Current Liabilities | — | — | — | $12.5m | $518k | ($5.1m) | ($1.8m) | ($5.9m) | |
| Net cash provided by operating activities | $12.4m |
$7.6m
-38.98%
|
$5.5m
-27.67%
|
$32.9m
+499.27%
|
$1.6m
-95.26%
|
$23.9m
+1431.56%
|
$20.1m
-15.86%
|
$12.6m
-37.28%
|
|
| Purchase of property and equipment | ($3.2m) | ($2.5m) | ($2.7m) | ($585k) | ($1.4m) | $0 | ($17k) | ($4.4m) | |
| Net cash used in investing activities | ($4.9m) | ($4.3m) | ($7.6m) | ($2.2m) | ($7.3m) | ($7.6m) | ($3.6m) | ($4.4m) | |
| Principal payments of outstanding debt | ($39k) | ($319k) | ($25.2m) | ($595k) | ($44.6m) | ($22.7m) | $0 | — | |
| Payments for debt issuance costs | — | — | — | $0 | $0 | ($71k) | ($153k) | — | |
| Issuance Of Debt | — | — | $45.0m | $0 | $0 | — | — | — | |
| Long Term Debt Issuance | — | — | $45.0m | $0 | $0 | — | — | — | |
| Long Term Debt Payments | — | — | — | ($1.4m) | ($45.1m) | ($22.8m) | ($140k) | ($146k) | |
| Net Issuance Payments Of Debt | — | — | — | ($1.4m) | ($45.1m) | ($22.8m) | ($140k) | ($146k) | |
| Net Long Term Debt Issuance | — | — | — | ($1.4m) | ($45.1m) | ($22.8m) | ($140k) | ($146k) | |
| Net Short Term Debt Issuance | — | — | $0 | $0 | — | — | — | $0 | |
| Repayment Of Debt | — | — | — | ($1.4m) | ($45.1m) | ($22.8m) | ($140k) | ($146k) | |
| Short Term Debt Payments | — | — | $0 | $0 | — | — | — | $0 | |
| Proceeds from common stock purchased under Matching Plan | — | $0 | $0 | $3.7m | $4.3m | $4.1m | $6.3m | — | |
| Proceeds from issuance of common stock on exercise of stock options | $482k | $1.3m | $3.5m | $795k | $311k | $431k | $323k | $7.0m | |
| Repurchase and retirement of common stock | ($14k) | $0 | $0 | ($6.0m) | ($3.0m) | ($1.5m) | ($9.1m) | — | |
| Fair value of common stock issued to settle liability-classified restricted stock units | — | — | — | — | — | $0 | $1.2m | — | |
| Common Stock Issuance | — | — | — | $3.7m | $4.3m | $4.1m | $6.3m | $7.0m | |
| Common Stock Payments | — | — | — | ($6.0m) | ($3.0m) | ($1.5m) | ($9.1m) | ($14.5m) | |
| Issuance Of Capital Stock | — | — | — | $3.7m | $4.3m | $4.1m | $6.3m | $7.0m | |
| Net Common Stock Issuance | — | — | — | ($2.4m) | $1.2m | $2.6m | ($2.8m) | ($7.5m) | |
| Repurchase Of Capital Stock | — | — | — | ($6.0m) | ($3.0m) | ($1.5m) | ($9.1m) | ($14.5m) | |
| Net Other Financing Charges | — | — | — | ($5.3m) | ($1.8m) | ($2.2m) | ($153k) | $6.4m | |
| Net cash used in financing activities | $5.1m |
$8.8m
+71.09%
|
$80.6m
+816.87%
|
($8.3m)
-110.28%
|
($45.3m)
-447.17%
|
($22.1m)
+51.29%
|
($2.7m)
+87.57%
|
($1.0m)
+62.24%
|
|
| Net increase (decrease) in cash and cash equivalents and restricted cash | $12.7m | $12.1m | $78.4m | $22.4m | ($51.1m) | ($5.8m) | $13.8m | — | |
| Cash and cash equivalents and restricted cash, beginning of period | $34.8m | $46.9m | $125.3m | $147.7m | $96.7m | $90.8m | $104.6m | — | |
| Beginning Cash Position | — | — | — | $125.3m | $147.7m | $96.7m | $90.8m | $102.4m | |
| Restricted cash included in settlement assets, net | $24.1m | $10.5m | $18.2m | $24.4m | $21.4m | $22.1m | $23.0m | — | |
| Additional Supplementary Disclosures | |||||||||
| Additional Supplementary Disclosures | |||||||||
| Reduction of operating lease right-of-use assets | $1.2m | $1.3m | $741k | $666k | $614k | $547k | $575k | — | |
| Settlement assets, net | $1.6m | $2.9m | $173k | ($7.8m) | ($6.4m) | ($2.5m) | ($2.1m) | — | |
| Prepaid expenses | $3.6m | $270k | ($6.5m) | ($1.4m) | $3.2m | ($1.5m) | $6.5m | — | |
| Operating lease liabilities | ($1.3m) | ($1.4m) | ($801k) | ($758k) | ($200k) | $8k | ($588k) | — | |
| Settlement liabilities | $5.5m | ($16.5m) | $7.4m | $12.2m | $108k | ($5.1m) | ($1.3m) | — | |
| Software development costs | ($1.7m) | ($1.8m) | ($4.9m) | ($1.6m) | ($5.9m) | ($7.6m) | ($3.5m) | — | |
| Principal payments of finance leases | ($793k) | ($808k) | ($774k) | ($793k) | ($513k) | ($129k) | ($140k) | — | |
| Repurchases of early exercised stock options | — | $0 | $0 | ($25k) | ($17k) | ($35k) | $0 | — | |
| Cash paid for interest | $2.7m | $2.9m | $3.1m | $3.9m | $5.9m | $1.4m | $0 | — | |
| Cashless exercise of stock options | — | — | — | $0 | $0 | $335k | $0 | — | |
| Cash and cash equivalents | $10.0m | $34.4m | $98.4m | $103.8m | $47.5m | $48.8m | $63.1m | $102.4m | |
| Cash Flow From Continuing Financing Activities | — | — | — | ($8.3m) | ($45.3m) | ($22.1m) | ($2.7m) | ($1.0m) | |
| Cash Flow From Continuing Investing Activities | — | — | — | ($2.2m) | ($7.3m) | ($7.6m) | ($3.6m) | ($4.4m) | |
| Change In Account Payable | — | — | — | ($2.7m) | $228k | ($1.1m) | $91k | ($916k) | |
| Change In Cash Supplemental As Reported | — | — | — | $22.4m | ($51.1m) | ($5.8m) | $13.8m | — | |
| Change In Payable | — | — | — | ($2.7m) | $228k | ($1.1m) | $91k | ($916k) | |
| Change In Prepaid Assets | — | — | — | ($1.4m) | $3.2m | ($1.5m) | $6.5m | ($1.9m) | |
| Changes In Cash | — | — | — | $22.4m | ($51.1m) | ($5.8m) | $13.8m | $7.2m | |
| End Cash Position | — | — | — | $147.7m | $96.7m | $90.8m | $104.6m | $109.6m | |
| Financing Cash Flow | — | — | — | ($8.3m) |
($45.3m)
-447.17%
|
($22.1m)
+51.29%
|
($2.7m)
+87.57%
|
($1.0m)
+62.24%
|
|
| Free Cash Flow | — | — | — | $30.7m | ($5.7m) | $16.2m | $16.5m | $8.2m | |
| Gain Loss On Sale Of PPE | — | — | — | $666k | $614k | $547k | $575k | $568k | |
| Income Tax Paid Supplemental Data | — | — | $6.9m | $975k | $3.8m | $5.1m | — | $6.2m | |
| Investing Cash Flow | — | — | — | ($2.2m) | ($7.3m) | ($7.6m) | ($3.6m) | ($4.4m) | |
| Net Intangibles Purchase And Sale | — | — | — | ($1.6m) | ($5.9m) | ($7.6m) | ($3.5m) | ($4.4m) | |
| Net PPE Purchase And Sale | — | — | — | ($580k) | ($1.4m) | $0 | ($17k) | $0 | |
| Operating Gains Losses | — | — | — | $666k | $614k | $547k | $575k | $568k | |
| Other Non Cash Items | — | — | — | $42k | $257k | $54k | $133k | — | |
| Proceeds From Stock Option Exercised | — | — | — | $795k | $311k | $396k | $323k | $245k | |
| Purchase Of Intangibles | — | — | — | ($1.6m) | ($5.9m) | ($7.6m) | ($3.5m) | ($4.4m) | |
| Purchase Of PPE | — | — | $2.7m | ($585k) | ($1.4m) | $0 | ($17k) | ($4.4m) | |
| Sale Of PPE | — | — | $0 | $5k | $0 | $0 | — | $0 |