Expensify Inc
For the period ended Dec 31, 2023. Filed Feb 27, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 27, 2024
EXFY$1.85-9.8%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations
| Year ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Revenue | $150,687 | $169,495 | $142,835 |
| Cost of revenue, net | 66,888 | 62,669 | 53,693 |
| Gross margin | 83,799 | 106,826 | 89,142 |
| Operating expenses: | |||
| Research and development | 23,368 | 13,692 | 10,988 |
| General and administrative | 49,228 | 58,490 | 60,742 |
| Sales and marketing | 44,352 | 49,876 | 27,664 |
| Total operating expenses | 116,948 | 122,058 | 99,394 |
| Loss from operations | (33,149) | (15,232) | (10,252) |
| Interest and other expenses, net | (5,327) | (5,411) | (3,480) |
| Loss before income taxes | (38,476) | (20,643) | (13,732) |
| (Provision for) benefit from income taxes | (2,980) | (6,366) | 174 |
| Net loss | $(41,456) | $(27,009) | $(13,558) |
| Net loss per share: | |||
| Basic and diluted | $(0.50) | $(0.33) | $(0.36) |
| Weighted-average shares of common stock used to compute net loss per share: | |||
| Basic and diluted | 82,493,226 | 80,786,725 | 38,039,222 |
The accompanying notes are an integral part of these consolidated financial statements.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.