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EXPENSIFY INC - A (EXFY) Stock Fundamental Analysis

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

2.31  +0.08 (+3.59%)

After market: 2.33 +0.02 (+0.87%)

Fundamental Rating

4

Overall EXFY gets a fundamental rating of 4 out of 10. We evaluated EXFY against 284 industry peers in the Software industry. While EXFY has a great health rating, there are worries on its profitability. A decent growth rate in combination with a cheap valuation! Better keep an eye on EXFY.


Dividend Valuation Growth Profitability Health

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2

1. Profitability

1.1 Basic Checks

EXFY had positive earnings in the past year.
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

Looking at the Return On Assets, with a value of -5.36%, EXFY is in line with its industry, outperforming 48.59% of the companies in the same industry.
Looking at the Return On Equity, with a value of -7.87%, EXFY is in line with its industry, outperforming 54.58% of the companies in the same 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

With a Gross Margin value of 52.40%, EXFY is not doing good in the industry: 65.14% of the companies in the same industry are doing better.
In the last couple of years the Gross Margin of EXFY has declined.
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.
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

An Altman-Z score of 2.42 indicates that EXFY is not a great score, but indicates only limited risk for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 2.42, EXFY is in line with its industry, outperforming 54.93% of the companies in the same industry.
EXFY has a debt to FCF ratio of 0.01. This is a very positive value and a sign of high solvency as it would only need 0.01 years to pay back of all of its debts.
EXFY has a Debt to FCF ratio of 0.01. This is amongst the best in the industry. EXFY outperforms 82.75% of its industry peers.
A Debt/Equity ratio of 0.00 indicates that EXFY is not too dependend on debt financing.
The Debt to Equity ratio of EXFY (0.00) is better than 68.66% of its industry peers.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0.01
Altman-Z 2.42
ROIC/WACCN/A
WACC9.06%
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.
With a decent Current ratio value of 2.87, EXFY is doing good in the industry, outperforming 75.35% of the companies in the same industry.
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 76.06% 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.
The Revenue has decreased by -1.62% in the past 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 7.54% on average per year.
Based on estimates for the next years, EXFY will show a small growth in Revenue. The Revenue will grow by 6.78% on average per year.
EPS Next Y-11.49%
EPS Next 2Y7.84%
EPS Next 3Y7.54%
EPS Next 5YN/A
Revenue Next Year5.13%
Revenue Next 2Y5.29%
Revenue Next 3Y6.78%
Revenue Next 5YN/A

3.3 Evolution

When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
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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7

4. Valuation

4.1 Price/Earnings Ratio

EXFY is valuated reasonably with a Price/Earnings ratio of 8.56.
Compared to the rest of the industry, the Price/Earnings ratio of EXFY indicates a rather cheap valuation: EXFY is cheaper than 93.66% of the companies listed in the same industry.
When comparing the Price/Earnings ratio of EXFY to the average of the S&P500 Index (26.32), we can say EXFY is valued rather cheaply.
EXFY is valuated cheaply with a Price/Forward Earnings ratio of 7.73.
EXFY's Price/Forward Earnings ratio is rather cheap when compared to the industry. EXFY is cheaper than 94.37% of the companies in the same industry.
EXFY is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.13, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 8.56
Fwd PE 7.73
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

Based on the Enterprise Value to EBITDA ratio, EXFY is valued a bit cheaper than the industry average as 78.52% of the companies are valued more expensively.
94.01% of the companies in the same industry are more expensive than EXFY, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 10.72
EV/EBITDA 24.26
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 2Y7.84%
EPS Next 3Y7.54%

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0

5. Dividend

5.1 Amount

No dividends for EXFY!.
Industry RankSector Rank
Dividend Yield N/A

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EXPENSIFY INC - A

NASDAQ:EXFY (6/16/2025, 4:30:02 PM)

After market: 2.33 +0.02 (+0.87%)

2.31

+0.08 (+3.59%)

Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)05-08 2025-05-08/amc
Earnings (Next)08-06 2025-08-06/amc
Inst Owners39.25%
Inst Owner Change9.3%
Ins Owners18.47%
Ins Owner Change0.82%
Market Cap213.44M
Analysts78.18
Price Target4.08 (76.62%)
Short Float %1.22%
Short Ratio1.87
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)-11.11%
PT rev (3m)0%
EPS NQ rev (1m)-31.71%
EPS NQ rev (3m)-24.32%
EPS NY rev (1m)0%
EPS NY rev (3m)-7.7%
Revenue NQ rev (1m)-0.48%
Revenue NQ rev (3m)-2.53%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.43%
Valuation
Industry RankSector Rank
PE 8.56
Fwd PE 7.73
P/S 1.51
P/FCF 10.72
P/OCF 8.47
P/B 1.78
P/tB 2.07
EV/EBITDA 24.26
EPS(TTM)0.27
EY11.69%
EPS(NY)0.3
Fwd EY12.94%
FCF(TTM)0.22
FCFY9.33%
OCF(TTM)0.27
OCFY11.81%
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 2.42
F-Score5
WACC9.06%
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-11.49%
EPS Next 2Y7.84%
EPS Next 3Y7.54%
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 3Y6.78%
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%