Expensify Inc. Class A Common Stock (EXFY)

FairStock Score: 41/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

Expensify is a small software company with 117 employees, selling expense management, corporate card, bill pay, invoicing and travel tools. I like recurring software when it has a durable moat, but here the scale is tiny and the expense-management field is crowded, so I see limited pricing power. The filed figures show revenue of $33.9M in fiscal Q2 2026 (quarter ended 2026-06-30), down from $35.8M in fiscal Q2 2025; net loss narrowed to $3.9M from $8.8M. In FY2025 (period ended 2025-12-31), revenue was $142.1M and net loss $21.4M, after FY2024 revenue $139.2M and net loss $10.1M, and FY2023 revenue $150.7M and net loss $41.5M. Sales are drifting and losses persist. At the 2026-10-13 close of $2.44, FairStock calculations show a market cap of $232.9M, P/B 1.67, negative P/E -14.35, ROE -11.73%, ROCE -4.66%, and D/E 0.04. Debt is low, and trailing free cash flow is $8.2M, a 3.5% FCF yield—encouraging but thin. Piotroski 7/9 and Altman 2.24 suggest not imminent distress, yet the Lynch category is none because of losses in each of the last four years. FairStock score is 41/100. The price is not absurd if cash flow grows, but without profits and with declining revenue, I see a speculative reclamation project rather than a fortress compounder.

In plain English: Expensify sells software that helps people and businesses track expenses, pay bills, invoice customers, and book travel. The business is still losing money, and sales slipped in the latest reported quarter, so it looks weak on profitability. At $2.44 per share, the price looks low, but with no steady profits it is hard to call it clearly cheap.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer