Expensify Inc
For the period ended Mar 31, 2024. Filed May 9, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 9, 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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Condensed Consolidated Balance Sheets
| As of March 31, | As of December 31, | |
|---|---|---|
| 2024 | 2023 | |
| Assets | ||
| Cash and cash equivalents | $49,340 | $47,510 |
| Accounts receivable, net | 13,557 | 13,834 |
| Settlement assets, net | 48,513 | 39,261 |
| Prepaid expenses | 4,379 | 5,649 |
| Other current assets | 27,399 | 30,978 |
| Total current assets | 143,188 | 137,232 |
| Capitalized software, net | 15,107 | 12,494 |
| Property and equipment, net | 14,138 | 14,372 |
| Lease right-of-use assets | 5,954 | 6,435 |
| Deferred tax assets, net | 466 | 457 |
| Other assets | 5,918 | 5,794 |
| Total assets | $184,771 | $176,784 |
| Liabilities and stockholders' equity | ||
| Accounts payable | $1,373 | $1,425 |
| Accrued expenses and other liabilities | 10,326 | 9,390 |
| Borrowings under line of credit | 15,000 | 15,000 |
| Current portion of long-term debt, net of original issue discount and debt issuance costs | 7,624 | 7,655 |
| Lease liabilities, current | 436 | 432 |
| Settlement liabilities | 35,560 | 33,990 |
| Total current liabilities | 70,319 | 67,892 |
| Lease liabilities, non-current | 6,155 | 6,467 |
| Other liabilities | 1,787 | 1,681 |
| Total liabilities | 78,261 | 76,040 |
| Commitments and contingencies (Note 4) | ||
| Stockholders' equity: | ||
| Preferred stock, par value $0.0001; 10,000,000 shares of preferred stock authorized as of March 31, 2024 and December 31, 2023; no shares of preferred stock issued and outstanding as of March 31, 2024 and December 31, 2023 | — | — |
| Common stock, par value $0.0001; 1,000,000,000 shares of Class A common stock authorized as of March 31, 2024 and December 31, 2023; 71,755,477 and 70,569,815 shares of Class A common stock issued and outstanding as of March 31, 2024 and December 31, 2023, respectively; 24,994,705 and 24,994,989 shares of LT10 common stock authorized as of March 31, 2024 and December 31, 2023, respectively; 7,333,335 and 7,333,619 shares of LT10 common stock issued and outstanding as of March 31, 2024 and December 31, 2023, respectively; 24,969,634 and 24,998,941 shares of LT50 common stock authorized as of March 31, 2024 and December 31, 2023, respectively; 7,395,695 and 7,321,894 shares of LT50 common stock issued and outstanding as of March 31, 2024 and December 31, 2023, respectively | 9 | 8 |
| Additional paid-in capital | 251,055 | 241,509 |
| Accumulated deficit | (144,554) | (140,773) |
| Total stockholders' equity | 106,510 | 100,744 |
| Total liabilities and stockholders' equity | $184,771 | $176,784 |
See accompanying notes to Condensed Consolidated Financial Statements.
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