What is Expensify, Inc.'s R&D?

Expensify, Inc. (EXFY) reported R&D of $5.27M in Q1 2026.

How has Expensify, Inc.'s R&D changed year-over-year?

Expensify, Inc.'s R&D decreased by 1.7% year-over-year, from $5.36M to $5.27M.

What is the long-term trend for Expensify, Inc.'s R&D?

Over 4 years (2021 to 2025), Expensify, Inc.'s R&D has grown at a 17.1% compound annual growth rate (CAGR), from $10.99M to $20.68M.

Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

Expensify, Inc. EXFY R&D

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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 / equity0×0.0×

Current ratio3.5×+0.2×

Where this comes from

Reported directly by Expensify, Inc. in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpense.

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 R&D?: Expensify, Inc. (EXFY) reported R&D of $5.27M in Q1 2026.
How has Expensify, Inc.'s R&D changed year-over-year?: Expensify, Inc.'s R&D decreased by 1.7% year-over-year, from $5.36M to $5.27M.
What is the long-term trend for Expensify, Inc.'s R&D?: Over 4 years (2021 to 2025), Expensify, Inc.'s R&D has grown at a 17.1% compound annual growth rate (CAGR), from $10.99M to $20.68M.
What does R&D mean?: Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.