Expensify, Inc.
For the period ended Dec 31, 2025. Filed Feb 26, 2026.
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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.
FY2025 · Filed Feb 26, 2026
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 Statements of Operations
| Year Ended December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Revenue | $142,101 | $139,236 |
| Cost of revenue, net | 70,574 | 64,239 |
| Gross margin | 71,527 | 74,997 |
| Operating expenses: | ||
| Research and development | 20,683 | 24,638 |
| General and administrative | 42,121 | 38,382 |
| Sales and marketing | 26,742 | 12,797 |
| Total operating expenses | 89,546 | 75,817 |
| Loss from operations | (18,019) | (820) |
| Other income (expense), net | 1,726 | (1,572) |
| Loss before income taxes | (16,293) | (2,392) |
| Provision for income taxes | (5,096) | (7,663) |
| Net loss | $(21,389) | $(10,055) |
| Net loss per share: | ||
| Basic and diluted | $(0.23) | $(0.12) |
| Weighted average shares of common stock used to compute net loss per share: | ||
| Basic and diluted | 92,283,974 | 87,380,708 |
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.