Expensify Inc
For the period ended Dec 31, 2024. Filed Feb 27, 2025.
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FY2024 · Filed Feb 27, 2025
EXFY$1.85-9.8%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
| As of December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Assets | ||
| Cash and cash equivalents | $48,772 | $47,510 |
| Accounts receivable, net | 12,701 | 13,834 |
| Settlement assets, net | 42,406 | 39,261 |
| Prepaid expenses | 12,089 | 5,649 |
| Other current assets | 20,908 | 30,978 |
| Total current assets | 136,876 | 137,232 |
| Capitalized software, net | 16,232 | 12,494 |
| Property and equipment, net | 13,621 | 14,372 |
| Lease right-of-use assets | 5,441 | 6,435 |
| Deferred tax assets, net | 499 | 457 |
| Other assets | 1,011 | 5,794 |
| Total assets | $173,680 | $176,784 |
| Liabilities and stockholders' equity | ||
| Accounts payable | $196 | $1,425 |
| Accrued expenses and other liabilities | 8,240 | 9,390 |
| Borrowings under line of credit | — | 15,000 |
| Current portion of long-term debt, net of original issue discount and debt issuance costs | — | 7,655 |
| Lease liabilities, current | 729 | 432 |
| Settlement liabilities | 28,845 | 33,990 |
| Total current liabilities | 38,010 | 67,892 |
| Lease liabilities, non-current | 5,738 | 6,467 |
| Other liabilities | 1,689 | 1,681 |
| Total liabilities | 45,437 | 76,040 |
| Commitments and contingencies (Note 12) | ||
| Stockholders' equity: | ||
| Preferred stock, par value $0.0001; 10,000,000 shares of preferred stock authorized as of December 31, 2024 and 2023, respectively; no shares of preferred stock issued and outstanding as of December 31, 2024 and 2023 | — | — |
| Common stock, par value $0.0001; 1,000,000,000 shares of Class A common stock authorized as of December 31, 2024 and 2023; 79,471,414 and 70,569,815 shares of Class A common stock issued and outstanding as of December 31, 2024 and 2023, respectively; 21,871,197 and 24,994,989 shares of LT10 common stock authorized as of December 31, 2024 and 2023, respectively; 4,209,827 and 7,333,619 shares of LT10 common stock issued and outstanding as of December 31, 2024 and 2023, respectively; 24,967,114 and 24,998,941 shares of LT50 common stock authorized as of December 31, 2024 and 2023, respectively; 7,695,524 and 7,321,894 shares of LT50 common stock issued and outstanding as of December 31, 2024 and 2023, respectively | 9 | 8 |
| Additional paid-in capital | 279,062 | 241,509 |
| Accumulated deficit | (150,828) | (140,773) |
| Total stockholders' equity | 128,243 | 100,744 |
| Total liabilities and stockholders' equity | $173,680 | $176,784 |
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.