← Expensify, Inc.
| Annual Trend | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $80.5m |
$88.1m
+9.46%
|
$142.8m
+62.18%
|
$169.5m
+18.66%
|
$150.7m
-11.10%
|
$139.2m
-7.60%
|
$142.1m
+2.06%
|
$138.1m
-2.82%
|
|
| Cost of revenue, net | $32.0m |
$32.4m
+1.34%
|
$53.7m
+65.65%
|
$62.7m
+16.72%
|
$66.9m
+6.73%
|
$64.2m
-3.96%
|
$70.6m
+9.86%
|
$70.9m
+0.44%
|
|
| Gross margin | $48.5m |
$55.7m
+14.82%
|
$89.1m
+60.16%
|
$106.8m
+19.84%
|
$83.8m
-21.56%
|
$75.0m
-10.50%
|
$71.5m
-4.63%
|
$67.2m
-6.04%
|
|
| Research and development | $4.1m | $6.7m | $11.0m | $13.7m | $23.4m | $24.6m | $20.7m | $20.4m | |
| Sales and marketing | $27.2m | $9.9m | $27.7m | $49.9m | $44.4m | $12.8m | $26.7m | — | |
| General and administrative | $15.9m | $33.4m | $60.7m | $58.5m | $49.2m | $38.4m | $42.1m | $40.6m | |
| Total operating expenses | $47.2m | $50.0m | $99.4m | $122.1m | $116.9m | $75.8m | $89.5m | $78.3m | |
| Loss from operations | $1.2m |
$5.7m
+354.69%
|
($10.3m)
-280.81%
|
($15.2m)
-48.58%
|
($33.1m)
-117.63%
|
($820k)
+97.53%
|
($18.0m)
-2097.44%
|
— | |
| Other income (expense), net | — | — | — | — | — | ($1.6m) | $1.7m | $886k | |
| Loss before income taxes | ($1.5m) | $3.0m | ($13.7m) | ($20.6m) | ($38.5m) | ($2.4m) | ($16.3m) | — | |
| Provision for income taxes | $2.8m | ($4.7m) | $174k | ($6.4m) | ($3.0m) | ($7.7m) | ($5.1m) | — | |
| Net loss, basic | $0 | ($1.7m) | ($13.6m) | ($27.0m) | ($41.5m) | ($10.1m) | ($21.4m) | — | |
| Net loss, diluted | $0 | ($1.7m) | ($13.6m) | ($27.0m) | ($41.5m) | ($10.1m) | ($21.4m) | — | |
| Basic (in dollars per share) | $0.00 | ($0.06) | ($0.36) | ($0.33) | ($0.50) | ($0.12) | ($0.23) | — | |
| Diluted (in dollars per share) | $0.00 | ($0.06) | ($0.36) | ($0.33) | ($0.50) | ($0.12) | ($0.23) | — |