What is Expensify, Inc.'s net margin?

Expensify, Inc. (EXFY) reported net margin of -14.7% in Q1 2026.

How has Expensify, Inc.'s net margin changed year-over-year?

Expensify, Inc.'s net margin decreased by 120.5% year-over-year, from -6.7% to -14.7%.

What is the long-term trend for Expensify, Inc.'s net margin?

Over 4 years (2021 to 2025), Expensify, Inc.'s net margin has grown at a 12.2% compound annual growth rate (CAGR), from -9.5% to -15.1%.

What does net margin mean?

Net income as a percentage of revenue (trailing twelve months). The bottom-line profitability measure after all costs, interest, and taxes.

Expensify, Inc. EXFY Net margin

Net margin at other companies

Navan, Inc. NAVN

-46.7%—

BILL HoldingsBILL

-4.2%-1.9pp

CorpayCPAY

24.6%-0.6pp

WEXWEX

11.5%-0.6pp

Priority Technology HoldingsPRTH

5.8%+2.8pp

BlackLineBL

3.7%-19.9pp

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%—

FCF margin8.8%-11.0pp

Returns & leverage

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Return on equity-15.1%+177pp

Debt / equity0×0.0×

Current ratio3.5×+0.2×

Where this comes from

Calculated from Expensify, Inc.’s reported figures.

net income/total revenue=-14.7%

Based on trailing twelve months.

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 net margin?: Expensify, Inc. (EXFY) reported net margin of -14.7% in Q1 2026.
How has Expensify, Inc.'s net margin changed year-over-year?: Expensify, Inc.'s net margin decreased by 120.5% year-over-year, from -6.7% to -14.7%.
What is the long-term trend for Expensify, Inc.'s net margin?: Over 4 years (2021 to 2025), Expensify, Inc.'s net margin has grown at a 12.2% compound annual growth rate (CAGR), from -9.5% to -15.1%.
What does net margin mean?: Net income as a percentage of revenue (trailing twelve months). The bottom-line profitability measure after all costs, interest, and taxes.