← Expensify, Inc.
| Annual Trend | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | $34.4m | $98.4m | $103.8m | $47.5m | $48.8m | $63.1m | |
| Accounts receivable, net | $10.0m | $15.7m | $16.4m | $13.8m | $12.7m | $12.6m | |
| Prepaid expenses | $927k | $7.4m | $8.8m | $5.6m | $12.1m | $5.6m | |
| Other current assets | $3.4m | $14.2m | $22.2m | $31.0m | $20.9m | $26.3m | |
| Total current assets | $63.7m | $157.6m | $187.1m | $137.2m | $136.9m | $153.0m | |
| Capitalized software, net | $3.7m | $6.4m | $6.9m | $12.5m | $16.2m | $13.6m | |
| Property and equipment, net | $15.4m | $15.9m | $14.5m | $14.4m | $13.6m | $13.0m | |
| Lease right-of-use assets | $3.7m | $2.2m | $745k | $6.4m | $5.4m | $4.7m | |
| Other assets | $833k | $710k | $664k | $5.8m | $1.0m | $1.1m | |
| Settlement assets, net | $14.3m | $21.9m | $35.8m | $39.3m | $42.4m | $45.4m | |
| Deferred tax assets, net | $418k | $370k | $344k | $457k | $499k | $494k | |
| Lease liabilities, current | $1.6m | $1.5m | $800k | $432k | $729k | $678k | |
| Settlement liabilities | $14.3m | $21.7m | $33.9m | $34.0m | $28.8m | $27.5m | |
| Lease liabilities, non-current | $2.4m | $802k | $0 | $6.5m | $5.7m | $5.1m | |
| Other liabilities | $877k | $153k | $1.2m | $1.7m | $1.7m | $1.8m | |
| Total assets | $87.7m | $183.2m | $210.2m | $176.8m | $173.7m | $186.0m | |
| Total liabilities and stockholders' equity | $87.7m | $183.2m | $210.2m | $176.8m | $173.7m | $186.0m | |
| Accounts payable | $2.3m | $3.8m | $1.1m | $1.4m | $196k | $289k | |
| Accrued expenses and other liabilities | $3.5m | $11.0m | $9.1m | $9.4m | $8.2m | $17.9m | |
| Total current liabilities | $39.2m | $53.6m | $60.4m | $67.9m | $38.0m | $46.4m | |
| Total liabilities | $73.7m | $106.6m | $113.0m | $76.0m | $45.4m | $53.2m | |
| Preferred stock, par value $0.0001; 10,000,000 shares of preferred stock authorized; no shares of preferred stock issued and outstanding as of December 31, 2025 and 2024 | — | 0 | 0 | 0 | 0 | 0 | |
| Common stock, shares authorized (in shares) | — | — | — | — | $1.0b | $1.0b | |
| Common stock, shares issued (in shares) | — | — | — | — | $91.4m | $93.1m | |
| Common stock, shares outstanding (in shares) | — | — | — | — | 91.4m | 93.1m | |
| Common stock, par value (in dollars per share) | — | — | — | — | $0.00 | $0.00 | |
| Common stock issued, value | $0 | $6k | $7k | $8k | $9k | $9k | |
| Additional paid-in capital | $21.3m | $142.5m | $194.8m | $241.5m | $279.1m | $305.0m | |
| Accumulated deficit | ($52.3m) | ($65.9m) | ($97.6m) | ($140.8m) | ($150.8m) | ($172.2m) | |
| Total stockholders' equity | ($31.0m) | $76.6m | $97.2m | $100.7m | $128.2m | $132.7m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.