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Expensify, Inc. EXFY Updated Card Program — Consideration revenue from vendors

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MCredit card revenues, net — Other Revenue
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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-28.2%
P/S1.2×-0.4×

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:CostOfGoodsAndServicesSold.

The official record: Expensify, Inc.’s 10-K, filed February 26, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Expensify, Inc.'s updated card program — consideration revenue from vendors?
Expensify, Inc. (EXFY) reported updated card program — consideration revenue from vendors of $375K in Q4 2025.
How has Expensify, Inc.'s updated card program — consideration revenue from vendors changed year-over-year?
Expensify, Inc.'s updated card program — consideration revenue from vendors increased by 400.0% year-over-year, from $75K to $375K.
What does updated card program — consideration revenue from vendors mean?
This metric represents the revenue generated from third-party vendors or financial partners associated with the company's corporate card program. It reflects the income earned through interchange fees, rebates, or other incentive structures provided by payment networks and banking partners. Tracking this revenue stream is essential for evaluating the monetization efficiency and partnership value of the company's card-based expense management offerings.