← Expensify, Inc.

Annual Trend FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Net Income — — — ($27.0m) ($41.5m) ($10.1m) ($21.4m)
Net Income From Continuing Operations — — — ($27.0m) ($41.5m) ($10.1m) ($21.4m)
Depreciation and amortization $2.8m $3.2m $5.2m $5.4m $5.2m $6.8m $8.5m
Amortization of debt issuance costs $32k $32k $32k $42k $257k $54k $133k
Depreciation Amortization Depletion — — — $5.4m $5.2m $6.8m $8.5m
Deferred tax assets ($2.9m) $2.4m $48k $26k ($113k) ($42k) $5k
Deferred Income Tax — — — $26k ($113k) ($42k) $5k
Deferred Tax — — — $26k ($113k) ($42k) $5k
Loss on impairment, receivables and sale or disposal of equipment $60k $162k $319k $881k $923k $727k $603k
Asset Impairment Charge — — — $881k $923k $727k $603k
Reduction of operating lease right-of-use assets $1.2m $1.3m $741k $666k $614k $547k $575k
Operating lease liabilities ($1.3m) ($1.4m) ($801k) ($758k) ($200k) $8k ($588k)
Net loss $1.2m ($1.7m) ($13.6m) ($27.0m) ($41.5m) ($10.1m) ($21.4m)
Stock-based compensation $1.7m $17.8m $14.6m $52.3m $41.2m $33.5m $26.6m
Accounts receivable, net ($2.0m) ($2.2m) ($6.0m) ($1.3m) $2.2m $704k ($355k)
Settlement assets, net $1.6m $2.9m $173k ($7.8m) ($6.4m) ($2.5m) ($2.1m)
Prepaid expenses $3.6m $270k ($6.5m) ($1.4m) $3.2m ($1.5m) $6.5m
Other current assets $45k ($1.4m) ($4.1m) $2.9m ($561k) $2.3m ($6.9m)
Other assets ($31k) ($248k) $124k ($81k) ($5.1m) ($167k) ($135k)
Accounts payable $446k ($714k) $1.4m ($2.7m) $228k ($1.1m) $91k
Accrued expenses and other liabilities $226k $1.8m $7.5m ($1.5m) $906k ($404k) $9.7m
Settlement liabilities $5.5m ($16.5m) $7.4m $12.2m $108k ($5.1m) ($1.3m)
Other liabilities $0 $877k ($725k) $1.1m $610k $8k $89k
Purchase of property and equipment ($3.2m) ($2.5m) ($2.7m) ($585k) ($1.4m) $0 ($17k)
Software development costs ($1.7m) ($1.8m) ($4.9m) ($1.6m) ($5.9m) ($7.6m) ($3.5m)
Principal payments of finance leases ($793k) ($808k) ($774k) ($793k) ($513k) ($129k) ($140k)
Repurchases of early exercised stock options — $0 $0 ($25k) ($17k) ($35k) $0
Payments for employee taxes withheld from stock-based awards — $0 $0 ($5.3m) ($1.8m) ($2.2m) $0
Stock-based compensation capitalized as software development costs — — $628k $1.8m $3.1m $2.7m $1.6m
Purchases of property and equipment and capitalized software in accounts payable and accrued expenses — — $0 $0 $390k $37k $111k
Cashless exercise of stock options — — — $0 $0 $335k $0
Beginning Cash Position — — — $125.3m $147.7m $96.7m $90.8m
Cash Flow From Continuing Financing Activities — — — ($8.3m) ($45.3m) ($22.1m) ($2.7m)
Cash Flow From Continuing Investing Activities — — — ($2.2m) ($7.3m) ($7.6m) ($3.6m)
Change In Account Payable — — — ($2.7m) $228k ($1.1m) $91k
Change In Accrued Expense — — — ($1.5m) $906k ($404k) $9.7m
Change In Other Current Assets — — — ($5.0m) ($12.1m) ($295k) ($9.0m)
Change In Other Current Liabilities — — — $12.5m $518k ($5.1m) ($1.8m)
Change In Payable — — — ($2.7m) $228k ($1.1m) $91k
Change In Payables And Accrued Expense — — — ($4.2m) $1.1m ($1.5m) $9.8m
Change In Prepaid Assets — — — ($1.4m) $3.2m ($1.5m) $6.5m
Change In Receivables — — — ($1.3m) $2.2m $704k ($355k)
Change In Working Capital — — — $550k ($5.0m) ($7.7m) $5.1m
Changes In Account Receivables — — — ($1.3m) $2.2m $704k ($355k)
Changes In Cash — — — $22.4m ($51.1m) ($5.8m) $13.8m
End Cash Position — — — $147.7m $96.7m $90.8m $104.6m
Financing Cash Flow — — — ($8.3m) ($45.3m) ($22.1m) ($2.7m)
Free Cash Flow — — — $30.7m ($5.7m) $16.2m $16.5m
Gain Loss On Sale Of PPE — — — $666k $614k $547k $575k
Investing Cash Flow — — — ($2.2m) ($7.3m) ($7.6m) ($3.6m)
Issuance Of Capital Stock — — — $3.7m $4.3m $4.1m $6.3m
Net Intangibles Purchase And Sale — — — ($1.6m) ($5.9m) ($7.6m) ($3.5m)
Net PPE Purchase And Sale — — — ($580k) ($1.4m) $0 ($17k)
Operating Gains Losses — — — $666k $614k $547k $575k
Other Non Cash Items — — — $42k $257k $54k $133k
Proceeds From Stock Option Exercised — — — $795k $311k $396k $323k
Purchase Of Intangibles — — — ($1.6m) ($5.9m) ($7.6m) ($3.5m)
Purchase Of PPE — — $2.7m ($585k) ($1.4m) $0 ($17k)
Repurchase Of Capital Stock — — — ($6.0m) ($3.0m) ($1.5m) ($9.1m)
Sale Of PPE — — $0 $5k $0 $0 —
Net cash provided by operating activities $12.4m $7.6m $5.5m $32.9m $1.6m $23.9m $20.1m
Net cash used in investing activities ($4.9m) ($4.3m) ($7.6m) ($2.2m) ($7.3m) ($7.6m) ($3.6m)
Payments for debt issuance costs — — — $0 $0 ($71k) ($153k)
Issuance Of Debt — — $45.0m $0 $0 — —
Long Term Debt Issuance — — $45.0m $0 $0 — —
Net Issuance Payments Of Debt — — — ($1.4m) ($45.1m) ($22.8m) ($140k)
Net Long Term Debt Issuance — — — ($1.4m) ($45.1m) ($22.8m) ($140k)
Net Short Term Debt Issuance — — $0 $0 — — —
Short Term Debt Issuance — — $0 $0 — — —
Principal payments of outstanding debt ($39k) ($319k) ($25.2m) ($595k) ($44.6m) ($22.7m) $0
Long Term Debt Payments — — — ($1.4m) ($45.1m) ($22.8m) ($140k)
Repayment Of Debt — — — ($1.4m) ($45.1m) ($22.8m) ($140k)
Short Term Debt Payments — — $0 $0 — — —
Proceeds from common stock purchased under Matching Plan — $0 $0 $3.7m $4.3m $4.1m $6.3m
Proceeds from issuance of common stock on exercise of stock options $482k $1.3m $3.5m $795k $311k $431k $323k
Fair value of common stock issued to settle liability-classified restricted stock units — — — — — $0 $1.2m
Common Stock Issuance — — — $3.7m $4.3m $4.1m $6.3m
Net Common Stock Issuance — — — ($2.4m) $1.2m $2.6m ($2.8m)
Repurchase and retirement of common stock ($14k) $0 $0 ($6.0m) ($3.0m) ($1.5m) ($9.1m)
Common Stock Payments — — — ($6.0m) ($3.0m) ($1.5m) ($9.1m)
Net Other Financing Charges — — — ($5.3m) ($1.8m) ($2.2m) ($153k)
Net cash used in financing activities $5.1m $8.8m $80.6m ($8.3m) ($45.3m) ($22.1m) ($2.7m)
Net increase (decrease) in cash and cash equivalents and restricted cash $12.7m $12.1m $78.4m $22.4m ($51.1m) ($5.8m) $13.8m
Cash and cash equivalents and restricted cash, beginning of period $34.8m $46.9m $125.3m $147.7m $96.7m $90.8m $104.6m
Cash and cash equivalents $10.0m $34.4m $98.4m $103.8m $47.5m $48.8m $63.1m
Restricted cash included in other current assets $421k $2.0m $8.7m $19.5m $27.7m $20.0m $18.5m
Restricted cash included in settlement assets, net $24.1m $10.5m $18.2m $24.4m $21.4m $22.1m $23.0m
Change In Cash Supplemental As Reported — — — $22.4m ($51.1m) ($5.8m) $13.8m
Income Tax Paid Supplemental Data — — $6.9m $975k $3.8m $5.1m —
Cash paid for interest $2.7m $2.9m $3.1m $3.9m $5.9m $1.4m $0

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.