Expensify, Inc. income statement

In fiscal 2025, Expensify, Inc. reported revenue of $142m, up 2.1% on the year before, operating income of −$18.0m (a -12.7% margin) and net income of −$21.4m, or −$0.23 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Expensify, Inc.: income statement, annual
Fiscal year	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMJun 2026
Revenue	80	88	143	169	151	139	142	138
Cost of revenue	32	32	54	63	67	64	71	71
Gross profit	48	56	89	107	84	75	72	67
Research and development	4	7	11	14	23	25	21	20
Selling and marketing	27	10	28	50	44	13	27	17
General and administrative	16	33	61	58	49	38	42	41
Operating income	1	6	−10	−15	−33	−1	−18	−11
Interest expense	—	3	3	5	5	1	0	—
Income before tax	−2	3	−14	−21	−38	−2	−16	−10
Income tax	−3	5	−0	6	3	8	5	5
Net income	1	−2	−14	−27	−41	−10	−21	−16
Diluted EPS	$0.00	−$0.06	−$0.36	−$0.33	−$0.50	−$0.12	−$0.23	−$0.17
Diluted shares (average)	26m	27m	38m	81m	82m	87m	92m	94m
EBITDA	4	9	−5	−10	−28	6	−10	−6

US$ millions unless shown otherwise. Fiscal quarters.

Expensify, Inc.: income statement, quarterly
Quarter	2024 Q3Sept 2024	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026
Revenue	35	37	36	36	35	35	34	34
Cost of revenue	17	18	18	17	18	18	18	18
Gross profit	18	19	18	19	17	17	16	16
Research and development	6	7	5	5	5	5	5	5
Selling and marketing	3	3	4	14	5	4	4	5
General and administrative	9	9	11	9	10	12	9	10
Operating income	0	0	−1	−10	−2	−4	−2	−3
Income before tax	0	−0	−1	−9	−2	−4	−2	−3
Income tax	3	1	2	−1	0	4	1	1
Net income	−2	−1	−3	−9	−2	−7	−2	−4
Diluted EPS	−$0.02	−$0.02	−$0.03	−$0.10	−$0.03	−$0.08	−$0.02	−$0.04
EBITDA	0	2	0	−10	−2	−2	0	−3

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from Expensify, Inc.'s SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Expensify, Inc.