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EXPENSIFY INC - A (EXFY) Stock Fundamental Analysis

NASDAQ:EXFY - Nasdaq - US30219Q1067 - Common Stock - Currency: USD

2.19  -0.15 (-6.41%)

After market: 2.23 +0.04 (+1.83%)

Fundamental Rating

4

EXFY gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 282 industry peers in the Software industry. While EXFY has a great health rating, there are worries on its profitability. EXFY scores decently on growth, while it is valued quite cheap. This could make an interesting combination.


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

EXFY has a Return On Assets (-5.36%) which is in line with its industry peers.
EXFY has a Return On Equity (-7.87%) which is comparable to the rest of the industry.
Industry RankSector Rank
ROA -5.36%
ROE -7.87%
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

Looking at the Gross Margin, with a value of 52.40%, EXFY is doing worse than 65.60% of the companies in the same industry.
EXFY's Gross Margin has declined in the last couple of years.
EXFY does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 52.4%
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.
EXFY has more shares outstanding than it did 1 year ago.
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 2.38. 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.
EXFY's Altman-Z score of 2.38 is in line compared to the rest of the industry. EXFY outperforms 52.48% of its industry peers.
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.
Looking at the Debt to FCF ratio, with a value of 0.01, EXFY belongs to the top of the industry, outperforming 82.62% of the companies in the same industry.
A Debt/Equity ratio of 0.00 indicates that EXFY is not too dependend on debt financing.
With a decent Debt to Equity ratio value of 0.00, EXFY is doing good in the industry, outperforming 68.44% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0.01
Altman-Z 2.38
ROIC/WACCN/A
WACC11.13%
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 2.87. This indicates that EXFY is financially healthy and has no problem in meeting its short term obligations.
EXFY has a better Current ratio (2.87) than 75.89% of its industry peers.
EXFY has a Quick Ratio of 2.87. This indicates that EXFY is financially healthy and has no problem in meeting its short term obligations.
EXFY has a Quick ratio of 2.87. This is in the better half of the industry: EXFY outperforms 76.60% of its industry peers.
Industry RankSector Rank
Current Ratio 2.87
Quick Ratio 2.87
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

EXFY shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 2007.14%, which is quite impressive.
Looking at the last year, EXFY shows a decrease in Revenue. The Revenue has decreased by -1.62% 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)2007.14%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%25%
Revenue 1Y (TTM)-1.62%
Revenue growth 3Y-0.84%
Revenue growth 5Y11.58%
Sales Q2Q%7.57%

3.2 Future

Based on estimates for the next years, EXFY will show a small growth in Earnings Per Share. The EPS will grow by 4.27% on average per year.
EXFY is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.15% yearly.
EPS Next Y-17.13%
EPS Next 2Y5.94%
EPS Next 3Y4.27%
EPS Next 5YN/A
Revenue Next Year5.13%
Revenue Next 2Y5.29%
Revenue Next 3Y6.15%
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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4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 8.11, which indicates a very decent valuation of EXFY.
Based on the Price/Earnings ratio, EXFY is valued cheaper than 94.68% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.30, EXFY is valued rather cheaply.
The Price/Forward Earnings ratio is 7.59, which indicates a rather cheap valuation of EXFY.
95.74% of the companies in the same industry are more expensive than EXFY, based on the Price/Forward Earnings ratio.
EXFY is valuated cheaply when we compare the Price/Forward Earnings ratio to 21.76, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 8.11
Fwd PE 7.59
EXFY Price Earnings VS Forward Price EarningsEXFY Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60

4.2 Price Multiples

78.37% of the companies in the same industry are more expensive than EXFY, based on the Enterprise Value to EBITDA ratio.
EXFY's Price/Free Cash Flow ratio is rather cheap when compared to the industry. EXFY is cheaper than 94.33% of the companies in the same industry.
Industry RankSector Rank
P/FCF 10.16
EV/EBITDA 23.72
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 2Y5.94%
EPS Next 3Y4.27%

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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 (7/11/2025, 8:08:25 PM)

After market: 2.23 +0.04 (+1.83%)

2.19

-0.15 (-6.41%)

Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)05-08 2025-05-08/amc
Earnings (Next)08-07 2025-08-07/amc
Inst Owners39.25%
Inst Owner Change0%
Ins Owners18.47%
Ins Owner Change3.09%
Market Cap202.36M
Analysts78.18
Price Target4.08 (86.3%)
Short Float %1.15%
Short Ratio1.07
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)1
Avg EPS beat(2)9.73%
Min EPS beat(2)-25.95%
Max EPS beat(2)45.41%
EPS beat(4)3
Avg EPS beat(4)15.25%
Min EPS beat(4)-25.95%
Max EPS beat(4)45.41%
EPS beat(8)4
Avg EPS beat(8)-41.57%
EPS beat(12)5
Avg EPS beat(12)-31.78%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)-0.67%
Min Revenue beat(2)-2.71%
Max Revenue beat(2)1.36%
Revenue beat(4)1
Avg Revenue beat(4)-2.98%
Min Revenue beat(4)-9.72%
Max Revenue beat(4)1.36%
Revenue beat(8)1
Avg Revenue beat(8)-4.73%
Revenue beat(12)1
Avg Revenue beat(12)-5.38%
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)-11.11%
EPS NQ rev (1m)-35.71%
EPS NQ rev (3m)-51.35%
EPS NY rev (1m)-6.37%
EPS NY rev (3m)-10%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-2.53%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.63%
Valuation
Industry RankSector Rank
PE 8.11
Fwd PE 7.59
P/S 1.43
P/FCF 10.16
P/OCF 8.03
P/B 1.69
P/tB 1.96
EV/EBITDA 23.72
EPS(TTM)0.27
EY12.33%
EPS(NY)0.29
Fwd EY13.17%
FCF(TTM)0.22
FCFY9.84%
OCF(TTM)0.27
OCFY12.46%
SpS1.53
BVpS1.3
TBVpS1.12
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -5.36%
ROE -7.87%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 52.4%
FCFM 14.05%
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-Score5
Asset Turnover0.8
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0.01
Debt/EBITDA 0.02
Cap/Depr 71.83%
Cap/Sales 3.74%
Interest Coverage N/A
Cash Conversion 367.56%
Profit Quality N/A
Current Ratio 2.87
Quick Ratio 2.87
Altman-Z 2.38
F-Score5
WACC11.13%
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)2007.14%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%25%
EPS Next Y-17.13%
EPS Next 2Y5.94%
EPS Next 3Y4.27%
EPS Next 5YN/A
Revenue 1Y (TTM)-1.62%
Revenue growth 3Y-0.84%
Revenue growth 5Y11.58%
Sales Q2Q%7.57%
Revenue Next Year5.13%
Revenue Next 2Y5.29%
Revenue Next 3Y6.15%
Revenue Next 5YN/A
EBIT growth 1Y98.4%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year19.49%
EBIT Next 3Y18.97%
EBIT Next 5YN/A
FCF growth 1Y-25.89%
FCF growth 3YN/A
FCF growth 5Y16.66%
OCF growth 1Y-13.96%
OCF growth 3Y63.23%
OCF growth 5Y13.95%