What is Expensify, Inc.'s payments to develop software?

Expensify, Inc. (EXFY) reported payments to develop software of $1.41M in Q1 2026.

How has Expensify, Inc.'s payments to develop software changed year-over-year?

Expensify, Inc.'s payments to develop software increased by 183.5% year-over-year, from $498K to $1.41M.

What is the long-term trend for Expensify, Inc.'s payments to develop software?

Over 4 years (2021 to 2025), Expensify, Inc.'s payments to develop software has grown at a -7.9% compound annual growth rate (CAGR), from $4.91M to $3.54M.

Expensify, Inc. EXFY Payments To Develop Software

Payments To Develop Software at other companies

Payoneer Global Inc.PAYO

$18.62M+15.9%

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 / equity0×0.0×

Current ratio3.5×+0.2×

Where this comes from

Reported directly by Expensify, Inc. in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToDevelopSoftware.

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 payments to develop software?: Expensify, Inc. (EXFY) reported payments to develop software of $1.41M in Q1 2026.
How has Expensify, Inc.'s payments to develop software changed year-over-year?: Expensify, Inc.'s payments to develop software increased by 183.5% year-over-year, from $498K to $1.41M.
What is the long-term trend for Expensify, Inc.'s payments to develop software?: Over 4 years (2021 to 2025), Expensify, Inc.'s payments to develop software has grown at a -7.9% compound annual growth rate (CAGR), from $4.91M to $3.54M.