Expensify, Inc.

EXFYNASDAQTechnology● Active

$1.18

+$0.03(+2.17%)

Market Cap$113314784

P/E Ratio—

52W High$2.64

52W Low$0.691

Avg Volume756K

Open$1.17

Beta1.80

Overview

Expensify, Inc. (EXFY) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

EXFY · free cash flow · updated Jun 8, 2026

Core FCF metrics

EXFY · FCF · TTM · margin & CAGR

Free cash flow was $20.1M for FY2025 (fiscal year ending 2025-12-31), up 23.5% year-over-year The FCF margin was 14.1%. Five-year CAGR stands at +43.6%.

FY2025 Free Cash Flow$20.1M▲ +23.5% YoY

Trailing 12M (TTM)$12.4Mtrailing 4 quarters sum

FCF Margin14.1%$20.1M ÷ revenue

3-Year CAGR-13.2%FY2022 → FY2025

5-Year CAGR+43.6%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

EXFY · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$20.1M(0M)$20.1M▲ +23.5%14.1%

FY2024$23.9M(8M)$16.2M▲ +383.3%11.7%

FY2023$1.6M(7M)−$5.7M▼ 118.7%-3.8%

FY2022$32.9M(2M)$30.7M▲ +1541.4%18.1%

FY2021$5.5M(8M)−$2.1M▼ 164.7%-1.5%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

EXFY · P/FCF · FCF yield · FCF per share

Expensify, Inc. (EXFY) trades at a FCF yield of 11.17% and a price-to-free-cash-flow ratio of 9.0x. FCF per share stands at $0.13, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

11.17%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$0.13

TTM FCF ÷ Shares Outstanding

Price / FCF

x9.0

Share Price ÷ FCF per Share

EV / FCF (TTM)

x2.4

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

EXFY · cash flow statement · operating / investing / financing

For FY2025, Expensify, Inc. generated $20.1M in operating cash flow and spent 0M in capital expenditures, yielding $20.1M in free cash flow.

Operating Activities

+$20.1M

Cash from core business operations

2025-12-31

Investing Activities

−$3.6M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$2.7M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($20.1M) − |CapEx| (0M) = FCF ($20.1M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Technology)

EXFY vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Expensify, Inc.YOU

EXFY

$20.1M+23.5%14.1%

Taiwan Semiconductor Manufacturing Company Limited

Microsoft Corporation

Technology · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Expensify, Inc. (EXFY) reported free cash flow of $20.1M for FY2025 (fiscal year ending 2025-12-31), up 23.5% year-over-year. The FCF margin was 14.1%.

Based on available data, Expensify, Inc. has maintained positive free cash flow for at least 5 fiscal year(s). FCF peaked at $30.7M in FY2022. The 5-year CAGR stands at +43.6%.

Expensify, Inc.'s FCF yield is 11.17% and price-to-FCF ratio is 9.0x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

EXFY free cash flow · 8 questions

Expensify, Inc. free cash flow was $20.1M for FY2025, up 23.5% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $12.4M.

EXFY free cash flowEXFY FCFEXFY FCF 2025EXFY free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Expensify, Inc. · Expensify, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026