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EXPENSIFY INC - A (EXFY) Stock Fundamental Analysis

USA - NASDAQ:EXFY - US30219Q1067 - Common Stock

1.95 USD
-0.04 (-2.01%)
Last: 9/19/2025, 8:01:29 PM
1.88 USD
-0.07 (-3.59%)
After Hours: 9/19/2025, 8:01:29 PM
Fundamental Rating

4

We assign a fundamental rating of 4 out of 10 to EXFY. EXFY was compared to 281 industry peers in the Software industry. No worries on liquidiy or solvency for EXFY as it has an excellent financial health rating, but there are worries on the profitability. EXFY has a decent growth rate and is not valued too expensively.


Dividend Valuation Growth Profitability Health

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2

1. Profitability

1.1 Basic Checks

In the past year EXFY was profitable.
In the past year EXFY had a positive cash flow from operations.
EXFY had negative earnings in each of the past 5 years.
Each year in the past 5 years EXFY had a positive operating cash flow.
EXFY Yearly Net Income VS EBIT VS OCF VS FCFEXFY Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2019 2020 2021 2022 2023 2024 0 20M -20M -40M

1.2 Ratios

The Return On Assets of EXFY (-8.91%) is worse than 61.43% of its industry peers.
EXFY has a Return On Equity (-12.06%) which is comparable to the rest of the industry.
Industry RankSector Rank
ROA -8.91%
ROE -12.06%
ROIC N/A
ROA(3y)-14.02%
ROA(5y)-10.29%
ROE(3y)-25.59%
ROE(5y)-21.32%
ROIC(3y)N/A
ROIC(5y)N/A
EXFY Yearly ROA, ROE, ROICEXFY Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2019 2020 2021 2022 2023 2024 0 -10 -20 -30 -40

1.3 Margins

With a Gross Margin value of 51.26%, EXFY is not doing good in the industry: 68.21% of the companies in the same industry are doing better.
In the last couple of years the Gross Margin of EXFY has declined.
The Profit Margin and Operating Margin are not available for EXFY so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 51.26%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-4.78%
GM growth 5Y-2.22%
EXFY Yearly Profit, Operating, Gross MarginsEXFY Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2019 2020 2021 2022 2023 2024 0 20 -20 40 60

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7

2. Health

2.1 Basic Checks

EXFY does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, EXFY has more shares outstanding
EXFY has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, EXFY has an improved debt to assets ratio.
EXFY Yearly Shares OutstandingEXFY Yearly Shares OutstandingYearly Shares Outstanding 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M
EXFY Yearly Total Debt VS Total AssetsEXFY Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M

2.2 Solvency

EXFY has an Altman-Z score of 2.52. This is not the best score and indicates that EXFY is in the grey zone with still only limited risk for bankruptcy at the moment.
With a Altman-Z score value of 2.52, EXFY perfoms like the industry average, outperforming 53.21% of the companies in the same industry.
The Debt to FCF ratio of EXFY is 0.01, which is an excellent value as it means it would take EXFY, only 0.01 years of fcf income to pay off all of its debts.
With an excellent Debt to FCF ratio value of 0.01, EXFY belongs to the best of the industry, outperforming 82.50% of the companies in the same industry.
EXFY has a Debt/Equity ratio of 0.00. This is a healthy value indicating a solid balance between debt and equity.
Looking at the Debt to Equity ratio, with a value of 0.00, EXFY is in the better half of the industry, outperforming 68.21% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0.01
Altman-Z 2.52
ROIC/WACCN/A
WACC11.35%
EXFY Yearly LT Debt VS Equity VS FCFEXFY Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2019 2020 2021 2022 2023 2024 0 20M 40M 60M 80M 100M

2.3 Liquidity

EXFY has a Current Ratio of 3.60. This indicates that EXFY is financially healthy and has no problem in meeting its short term obligations.
EXFY has a better Current ratio (3.60) than 82.14% of its industry peers.
EXFY has a Quick Ratio of 3.60. This indicates that EXFY is financially healthy and has no problem in meeting its short term obligations.
EXFY has a better Quick ratio (3.60) than 82.14% of its industry peers.
Industry RankSector Rank
Current Ratio 3.6
Quick Ratio 3.6
EXFY Yearly Current Assets VS Current LiabilitesEXFY Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2019 2020 2021 2022 2023 2024 50M 100M 150M

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4

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 228.07% over the past year.
Looking at the last year, EXFY shows a small growth in Revenue. The Revenue has grown by 4.14% in the last year.
EXFY shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 11.58% yearly.
EPS 1Y (TTM)228.07%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-133.33%
Revenue 1Y (TTM)4.14%
Revenue growth 3Y-0.84%
Revenue growth 5Y11.58%
Sales Q2Q%7.44%

3.2 Future

EXFY is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 3.33% yearly.
The Revenue is expected to grow by 3.45% on average over the next years.
EPS Next Y-29.16%
EPS Next 2Y-3.12%
EPS Next 3Y3.33%
EPS Next 5YN/A
Revenue Next Year2.87%
Revenue Next 2Y2.72%
Revenue Next 3Y3.45%
Revenue Next 5YN/A

3.3 Evolution

The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
EXFY Yearly Revenue VS EstimatesEXFY Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2019 2020 2021 2022 2023 2024 2025 2026 2027 50M 100M 150M
EXFY Yearly EPS VS EstimatesEXFY Yearly EPS VS EstimatesYearly EPS VS Estimates 2021 2022 2023 2024 2025 2026 2027 0 0.2 0.4 0.6 0.8

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6

4. Valuation

4.1 Price/Earnings Ratio

EXFY is valuated reasonably with a Price/Earnings ratio of 10.26.
Based on the Price/Earnings ratio, EXFY is valued cheaper than 89.29% of the companies in the same industry.
EXFY's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.38.
A Price/Forward Earnings ratio of 8.08 indicates a reasonable valuation of EXFY.
94.64% of the companies in the same industry are more expensive than EXFY, based on the Price/Forward Earnings ratio.
The average S&P500 Price/Forward Earnings ratio is at 22.86. EXFY is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 10.26
Fwd PE 8.08
EXFY Price Earnings VS Forward Price EarningsEXFY Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40 50

4.2 Price Multiples

Compared to the rest of the industry, the Price/Free Cash Flow ratio of EXFY indicates a rather cheap valuation: EXFY is cheaper than 96.43% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 8.87
EV/EBITDA N/A
EXFY Per share dataEXFY EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0.5 1 1.5

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-3.12%
EPS Next 3Y3.33%

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0

5. Dividend

5.1 Amount

EXFY does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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EXPENSIFY INC - A

NASDAQ:EXFY (9/19/2025, 8:01:29 PM)

After market: 1.88 -0.07 (-3.59%)

1.95

-0.04 (-2.01%)

Chartmill FA Rating
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)08-07 2025-08-07/amc
Earnings (Next)11-05 2025-11-05/amc
Inst Owners40.52%
Inst Owner Change6.65%
Ins Owners16.56%
Ins Owner Change2.77%
Market Cap180.67M
Analysts78
Price Target3.23 (65.64%)
Short Float %4.62%
Short Ratio4.4
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-100.68%
Min EPS beat(2)-175.41%
Max EPS beat(2)-25.95%
EPS beat(4)2
Avg EPS beat(4)-37.54%
Min EPS beat(4)-175.41%
Max EPS beat(4)45.41%
EPS beat(8)4
Avg EPS beat(8)-48.3%
EPS beat(12)5
Avg EPS beat(12)-45.28%
EPS beat(16)7
Avg EPS beat(16)-55.65%
Revenue beat(2)0
Avg Revenue beat(2)-2.95%
Min Revenue beat(2)-3.18%
Max Revenue beat(2)-2.71%
Revenue beat(4)1
Avg Revenue beat(4)-1.35%
Min Revenue beat(4)-3.18%
Max Revenue beat(4)1.36%
Revenue beat(8)1
Avg Revenue beat(8)-4.11%
Revenue beat(12)1
Avg Revenue beat(12)-5.39%
Revenue beat(16)3
Avg Revenue beat(16)-4.2%
PT rev (1m)-20.83%
PT rev (3m)-20.83%
EPS NQ rev (1m)-20.07%
EPS NQ rev (3m)-16.03%
EPS NY rev (1m)-14.51%
EPS NY rev (3m)-19.96%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-3.13%
Revenue NY rev (1m)-2.15%
Revenue NY rev (3m)-2.15%
Valuation
Industry RankSector Rank
PE 10.26
Fwd PE 8.08
P/S 1.25
P/FCF 8.87
P/OCF 7.28
P/B 1.41
P/tB 1.61
EV/EBITDA N/A
EPS(TTM)0.19
EY9.74%
EPS(NY)0.24
Fwd EY12.37%
FCF(TTM)0.22
FCFY11.28%
OCF(TTM)0.27
OCFY13.73%
SpS1.56
BVpS1.38
TBVpS1.21
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -8.91%
ROE -12.06%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 51.26%
FCFM 14.13%
ROA(3y)-14.02%
ROA(5y)-10.29%
ROE(3y)-25.59%
ROE(5y)-21.32%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-4.78%
GM growth 5Y-2.22%
F-Score6
Asset Turnover0.83
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0.01
Debt/EBITDA N/A
Cap/Depr 56.82%
Cap/Sales 3.07%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 3.6
Quick Ratio 3.6
Altman-Z 2.52
F-Score6
WACC11.35%
ROIC/WACCN/A
Cap/Depr(3y)98%
Cap/Depr(5y)114.53%
Cap/Sales(3y)3.87%
Cap/Sales(5y)4.37%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)228.07%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-133.33%
EPS Next Y-29.16%
EPS Next 2Y-3.12%
EPS Next 3Y3.33%
EPS Next 5YN/A
Revenue 1Y (TTM)4.14%
Revenue growth 3Y-0.84%
Revenue growth 5Y11.58%
Sales Q2Q%7.44%
Revenue Next Year2.87%
Revenue Next 2Y2.72%
Revenue Next 3Y3.45%
Revenue Next 5YN/A
EBIT growth 1Y50.7%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year16.46%
EBIT Next 3Y16.73%
EBIT Next 5YN/A
FCF growth 1Y127.68%
FCF growth 3YN/A
FCF growth 5Y16.66%
OCF growth 1Y91.88%
OCF growth 3Y63.23%
OCF growth 5Y13.95%