Discounted Cash Flow

Expensify, Inc.

EXFY · Based on 10 years of SEC filings

DCF estimate unavailable — only_0_profitable_out_of_last_5

Average annual growth rates

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Average annual growth is the mean year-over-year change across each period.

Endpoint CAGR (better for long term trend)

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Endpoint CAGR is the compound annual rate from the first to last year in each period.

Projections use average year-over-year growth. Change this in Settings.

Projected growth rate

Free cash flow growth
10-year: — 5-year: — 3-year: —
Averaged growth (FCF & NI)
10-year: — 5-year: — 3-year: —
Net income growth
10-year: — 5-year: — 3-year: —
Sales growth (not added to calculations)
10-year: — 5-year: — 3-year: —

Click a greyed-out slider to switch metrics. Slide between the 10-year, 5-year, and 3-year historic growth rates for FCF, net income, or their average.

%
%

Historical inputs (10 fiscal years)

YEAR Sales Net Income Free Cash Flow Net Margin EPS (diluted)
2019 $80.5m $0 $9.2m 0.0% $0.00
2020 $88.1m (9.5%) $-1.7m $5.1m (-44.6%) -1.9% $-0.06
2021 $142.8m (62.2%) $-13.6m (-692.9%) $2.8m (-45.5%) -9.5% (-388.9%) $-0.36 (-500.0%)
2022 $169.5m (18.7%) $-27.0m (-99.2%) $32.3m (1061.5%) -15.9% (-67.9%) $-0.33 (8.3%)
2023 $150.7m (-11.1%) $-41.5m (-53.5%) $175.0k (-99.5%) -27.5% (-72.6%) $-0.50 (-51.5%)
2024 $139.2m (-7.6%) $-10.1m (75.7%) $23.9m (13544.0%) -7.2% (73.8%) $-0.12 (77.0%)
2025 $142.1m (2.1%) $-21.4m (-112.7%) $20.1m (-15.9%) -15.1% (-108.4%) $-0.23 (-101.4%)

Base FCF: (latest fiscal year)

Discount rate: %

Terminal growth:

Projection period: years

Alt A decline yrs:

Alt B total yrs:

Projected cash flows

Year Projected cash flow Discount Factor Present Value

PV of projected FCF:

Terminal FCF:

Terminal value:

PV of terminal value:

Enterprise value (DCF):

DCF price per share:

Current price:

Alternative DCF Models

Model Fair Value Upside PV(FCFs) PV(Terminal) Total Years
Standard (10yr→TV) 10 + TV
Alt A (Gradual Decline)
Alt B (30yr Hard Stop) N/A

This is a simplified DCF model for illustration. It uses reported free cash flow, a single growth assumption, fixed WACC, and a Gordon Growth terminal value. It is not investment advice.

+ 10YR Financials Balance Sheet (10YR) Cash Flow (10YR) DCF Model

only_0_profitable_out_of_last_5

Once the company meets all DCF eligibility criteria (sufficient history, profitability, growth trends), an estimate will become available automatically. No action is needed.