EXFY Expensify, Inc.
FY2025 10-K
Expensify, Inc. (EXFY) filed its fiscal year 2025 10-K annual report with the SEC on Feb 26, 2026. This page provides AI-powered analysis of the filing, including business overview, management discussion, risk factors, and key financial metrics from XBRL data.
AI Filing AnalysisFY2025 10-K
Business Overview
- • Core business: cloud-based, employee-focused expense management platform simplifying financial workflows for SMBs and enterprises globally
- • New emphasis on expanding platform features beyond expense reports: bill payment, invoicing, and travel booking within one integrated app
Management Discussion & Analysis
- • Revenue $142.1M, up 2% YoY from $139.2M in 2024, driven by increased interchange revenue from updated card program
- • Gross margin 50% vs 54% in 2024, decreased due to higher cost of revenue ($70.6M, +10% YoY) and reduced legacy card program consideration
Risk Factors
- • Regulatory risk from SEC enforcement and reporting compliance requirements impacting disclosure accuracy and timeliness
- • Macroeconomic exposure to demand volatility across platform features affecting revenue and cash flow stability
Financial SummaryXBRL
Revenue
$142M
Net Income
-$21M
Gross Margin
50.3%
Operating Margin
-12.7%
Net Margin
-15.1%
ROE
-16.1%
Total Assets
$186M
EPS (Diluted)
$-0.23
Operating Cash Flow
$20M
Source: XBRL data from Expensify, Inc. FY2025 10-K filing on SEC EDGAR. All figures in USD.
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