Expensify, Inc.
For the period ended Sep 30, 2025. Filed Nov 6, 2025.
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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.
Sep 30, 2025 · Filed Nov 6, 2025
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 Statements of Operations
(unaudited, in thousands, except share and per share data)
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Revenue | $35,065 | $35,409 | $106,903 | $102,232 |
| Cost of revenue, net | 17,667 | 17,145 | 52,686 | 46,091 |
| Gross margin | 17,398 | 18,264 | 54,217 | 56,141 |
| Operating expenses: | ||||
| Research and development | 4,905 | 5,618 | 15,421 | 17,936 |
| General and administrative | 9,814 | 9,084 | 30,054 | 29,760 |
| Sales and marketing | 4,936 | 3,274 | 22,824 | 9,730 |
| Total operating expenses | 19,655 | 17,976 | 68,299 | 57,426 |
| (Loss) income from operations | (2,257) | 288 | (14,082) | (1,285) |
| Other income (expenses), net | 96 | 181 | 1,309 | (1,033) |
| (Loss) income before income taxes | (2,161) | 469 | (12,773) | (2,318) |
| Provision for income taxes | (154) | (2,667) | (1,499) | (6,425) |
| Net loss | $(2,315) | $(2,198) | $(14,272) | $(8,743) |
| Net loss per share: | ||||
| Basic and diluted | $(0.03) | $(0.02) | $(0.15) | $(0.10) |
| Weighted average shares of common stock used to compute net loss per share: | ||||
| Basic and diluted | 92,559,381 | 88,177,739 | 92,114,672 | 86,643,209 |
See accompanying notes to Condensed Consolidated Financial Statements.
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