Expensify, Inc.

Expensify, Inc.

EXFYBack Office

Expensify kills the expense report.

Key figures

Data as of Mar 2026 · Pills compare vs Sep 2025
ARR Multiple
0.6x
-0.6x
ARR
$136M
-0.3%
YoY Growth
-5.3%
+0.5pp
Market Cap
$84M
-51.3%
Revenue (Q)
$34M
-0.3%
Gross Margin
47.6%
+0.6pp
Op. Margin
-5.8%
-4.5pp
Rule of 40
-11.1
-4.0
Magic Number
-0.11
+1.14

Revenue, margins & ratios from SEC filings; market cap & ARR multiple from market data.

AI Replacement Risk
22/ 100
LowHigh

Estimated likelihood that general-purpose AI replaces this product.

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Valuation by quarter

Current ARR Multiple: 1.2x

Calculated valuation

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Valuation data is not available for this company.

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Company overview

Expensify kills the expense report. David Barrett founded the company in 2008. It went public in 2021 and keeps a distributed team with roots in Portland and San Francisco.

Anyone who has filed expenses knows the pain. Save the receipt. Lose the receipt. Type numbers into a spreadsheet. Wait weeks to get paid back. Expensify made that whole chore almost disappear.

The trick is a feature called SmartScan. Snap a photo of a receipt. The app reads it, pulls the amount and vendor, and files it for you. Do it right after lunch and the report basically writes itself. The company slogan captures the vibe. Expense reports that do themselves.

Expensify grew from that simple hook into a broader money platform. It offers corporate cards, bill pay, and travel booking. A small business can run its spending, reimbursements, and card program in one app.

The company famously grows through its users. An employee uses it at one job, likes it, and brings it to the next. That bottom up spread kept marketing costs low for years.

Revenue runs around $150 million a year, and the company is profitable. Growth slowed as the market matured. Expensify remains a rare consumer grade tool inside the dull world of corporate finance.

Entity information

Industry7372: Services-Prepackaged Software
Fiscal YearDec 31
IncorporatedDelaware
Phone(520) 271-0858
Address88 KEARNY ST, STE 1600, SAN FRANCISCO, CA, 94108
Mailing address88 KEARNY ST, STE 1600, SAN FRANCISCO, CA, 94108
EIN27-0239450
Entity typeoperating
SEC industry framework06 Technology

Quarterly financials

Left axis in $ (Revenue, Gross profit, Net income, S&M); right axis for ratios (Rule of 40, Magic number). Click a legend item to toggle it.