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Expensify, Inc. EXFY Subscription fees — Revenue, net

Other product segments

Interchange
$5.54M+10.1%
Cashback rewards
-$2.64M-15.9%

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Other financials

Income statement

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Revenue$34.0M-5.8%
Gross profit$16.2M-11.4%
Operating income-$2.0M-32.6%
Net income-$2.3M+26.3%
EPS (diluted)-$0.02+33.3%

Balance sheet

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Cash & equivalents$109.6M+13.8%
Total debt$678.0K-18.2%
Total equity$138.5M+2.9%
Total assets$190.6M+0.7%

Cash flow

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Operating cash flow$118.0K-98.5%
CapEx$182.0K+4.6%
Free cash flow-$64.0K-101%

Valuation

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Market cap$172.62M-24.4%
P/S1.2×-0.3×

Profitability

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Gross margin49.6%-2.8pp
Operating margin-13.2%
Net margin-14.7%-86.5pp
FCF margin8.8%-11.0pp

Returns & leverage

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Return on equity-15.1%+177pp
Debt / equity0.0×
Current ratio3.5×+0.2×

Where this comes from

Reported directly by Expensify, Inc. in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The official record: Expensify, Inc.’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Expensify, Inc.'s subscription fees — revenue, net?
Expensify, Inc. (EXFY) reported subscription fees — revenue, net of $30.95M in Q1 2026.
How has Expensify, Inc.'s subscription fees — revenue, net changed year-over-year?
Expensify, Inc.'s subscription fees — revenue, net decreased by 6.9% year-over-year, from $33.24M to $30.95M.
What does subscription fees — revenue, net mean?
This metric represents the net revenue generated from recurring subscription-based access to the company's expense management and financial software platform. It reflects the core SaaS business model, capturing fees paid by customers for ongoing usage of features such as expense tracking, corporate card management, and automated reimbursement workflows. This revenue stream is a primary indicator of the company's ability to retain customers and scale its software-as-a-service platform over time.