Expensify, Inc. revenue
Expensify, Inc.'s revenue was $142m in fiscal 2025, up 2.1% on the year before. Since fiscal 2019 ($80.5m) it has grown at a compound 9.9% a year. Over the last twelve months it was $138m.
Revenue history
| 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 |
| Growth on the year before | — | +9.5% | +62.2% | +18.7% | −11.1% | −7.6% | +2.1% | — |
| Gross profit | 48 | 56 | 89 | 107 | 84 | 75 | 72 | 67 |
| Gross margin | 60.2% | 63.2% | 62.4% | 63.0% | 55.6% | 53.9% | 50.3% | 48.7% |
Where the revenue comes from
| Line of business | Revenue | Share | YoY |
|---|---|---|---|
| Subscription Fees | $131M | 91.9% | ▼ 6.0% |
| Interchange | $21.3M | 15.0% | ▲ 131.9% |
| Other | $365,000 | 0.3% | ▲ 100.5% |
| Cashback Rewards | -$10.1M | -7.1% | — |
| Region | Revenue | Share | YoY |
|---|---|---|---|
| United States | $130M | 91.2% | ▲ 2.2% |
| Outside the US | $12.5M | 8.8% | ▲ 0.3% |
From Expensify, Inc.'s 10-K filed February 26, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.
Revenue against peers
| Company | Revenue | Growth | 3-year growth a year |
|---|---|---|---|
| Expensify, Inc. | $138m | -4.3% | -5.8% |
| Agora, Inc. | $141m | 5.9% | — |
| Bigbear.ai Holdings, Inc. | $142m | -1.5% | -2.9% |
| Lucas GC Ltd | $145m | -1.9% | — |
| Stem, Inc. | $148m | -5.1% | -29.1% |
| Smartrent, Inc. | $151m | -2.8% | -9.9% |
Compare with peers
- Agora, Inc. revenue
- Bigbear.ai Holdings, Inc. revenue
- Lucas GC Ltd revenue
- Stem, Inc. revenue
- Smartrent, Inc. revenue
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