Expensify, Inc. (EXFY) Financial Ratios
7 years of historical data (2019–2025) · Technology · Software - Application
EV/EBITDA
N/A
—
5yr avg: 41.78
30Y Low41.8·High41.8
P/FCF
↓
4.90
↓-70% vs avg
5yr avg: 16.07
30Y Low6.9·High23.3
P/B Ratio
↓
0.77
↓-94% vs avg
5yr avg: 11.89
30Y Low1.0·High46.7
ROE
↑
-16.4%
↓+36% vs avg
5yr avg: -25.6%
30Y Low-42%·High-9%
Debt/EBITDA
N/A
—
5yr avg: 1.08
30Y Low1.1·High10.8
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
EXFY Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Expensify, Inc. currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis. On a free-cash-flow basis, the stock trades at 4.9x P/FCF, 70% below the 5-year average of 16.1x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Market Cap | $98M | $139M | $293M | $204M | $713M | $3.6B | — | — |
| Enterprise Value | $41M | $82M | $250M | $186M | $677M | $3.6B | — | — |
| P/E Ratio → | -4.83 | — | — | — | — | — | — | — |
| P/S Ratio | 0.69 | 0.98 | 2.10 | 1.35 | 4.21 | 25.08 | — | — |
| P/B Ratio | 0.77 | 1.05 | 2.28 | 2.02 | 7.34 | 46.75 | — | — |
| P/FCF | 4.90 | 6.94 | 18.01 | — | 23.26 | — | — | — |
| P/OCF | 4.90 | 6.94 | 12.26 | 130.70 | 21.70 | 652.87 | — | — |
P/E links to full P/E history page with 30-year chart
EXFY EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.58 | 1.80 | 1.23 | 4.00 | 24.88 | — | — |
| EV / EBITDA | — | — | 41.78 | — | — | — | — | — |
| EV / EBIT | — | — | — | — | — | — | — | — |
| EV / FCF | — | 4.09 | 15.41 | — | 22.08 | — | — | — |
EXFY Profitability
Margins and return-on-capital ratios measuring operating efficiency
Expensify, Inc. earns an operating margin of -12.7%. Operating margins have expanded from -22.0% to -12.7% over the past 3 years, signaling improving operational efficiency. A negative ROE of -16.4% indicates the company is currently destroying shareholder equity.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 50.3% | 50.3% | 53.9% | 55.6% | 63.0% | 62.4% | 63.2% | 60.2% |
| Operating Margin | -12.7% | -12.7% | -0.6% | -22.0% | -9.0% | -7.2% | 6.4% | 1.5% |
| Net Profit Margin | -15.1% | -15.1% | -7.2% | -27.5% | -15.9% | -9.5% | -1.9% | 1.5% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| ROE | -16.4% | -16.4% | -8.8% | -41.9% | -31.1% | -29.9% | -12.2% | — |
| ROA | -11.9% | -11.9% | -5.7% | -21.4% | -13.7% | -10.0% | -2.1% | 1.6% |
| ROIC | -16.8% | -16.8% | -0.7% | -34.5% | -20.9% | -19.3% | 49.4% | — |
| ROCE | -13.1% | -13.1% | -0.7% | -25.6% | -10.9% | -11.5% | 14.1% | 3.9% |
EXFY Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
The company holds a net cash position — cash of $63M exceeds total debt of $6M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.04 | 0.04 | 0.05 | 0.29 | 0.70 | 0.91 | 3.67 | — |
| Debt / EBITDA | — | — | 1.08 | — | — | — | 6.39 | 10.82 |
| Net Debt / Equity | — | -0.43 | -0.33 | -0.18 | -0.37 | -0.37 | 1.23 | — |
| Net Debt / EBITDA | — | — | -7.06 | — | — | — | 2.14 | 8.38 |
| Debt / FCF | — | -2.86 | -2.60 | — | -1.17 | — | 5.26 | 4.56 |
| Interest Coverage | — | — | -0.52 | -6.22 | -2.82 | -2.95 | 2.09 | 0.45 |
Net cash position: cash ($63M) exceeds total debt ($6M)
EXFY Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Expensify, Inc.'s current ratio of 3.30x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has improved from 2.02x to 3.30x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Current Ratio | 3.30 | 3.30 | 3.60 | 2.02 | 3.10 | 2.94 | 1.62 | 1.13 |
| Quick Ratio | 3.30 | 3.30 | 3.60 | 2.02 | 2.95 | 2.94 | 1.62 | 1.13 |
| Cash Ratio | 1.36 | 1.36 | 1.28 | 0.70 | 1.72 | 1.84 | 0.88 | 0.22 |
| Asset Turnover | — | 0.76 | 0.80 | 0.85 | 0.81 | 0.78 | 1.00 | 1.05 |
| Inventory Turnover | — | — | — | — | 7.10 | — | — | — |
| Days Sales Outstanding | — | 32.41 | 34.42 | 40.76 | 40.74 | 54.04 | 49.00 | 36.25 |
EXFY Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Expensify, Inc. returns 9.2% to shareholders annually primarily through share buybacks.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — | — |
| FCF Yield | 20.4% | 14.4% | 5.6% | — | 4.3% | — | — | — |
| Buyback Yield | 9.2% | 6.5% | 0.5% | 1.5% | 0.8% | 0.0% | — | — |
| Total Shareholder Yield | 9.2% | 6.5% | 0.5% | 1.5% | 0.8% | 0.0% | — | — |
| Shares Outstanding | — | $92M | $87M | $82M | $81M | $81M | $35M | $33M |
Peer Comparison
Compare EXFY with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 EXFYYou | $98M | -4.8 | — | 4.9 | 50.3% | -12.7% | -16.4% | -16.8% | — |
 BILL | $4B | 163.6 | 492.7 | 12.0 | 81.4% | -5.5% | 0.6% | -1.4% | 200.5 |
 APPF | $6B | 43.8 | 34.7 | 25.6 | 61.3% | 16.1% | 26.5% | 22.4% | 0.4 |
 MGNI | $2B | 14.7 | 11.4 | 12.1 | 62.7% | 13.7% | 17.1% | 9.5% | 1.8 |
 CWAN | $7B | -173.5 | 70.4 | 43.9 | 67.3% | 3.8% | -2.5% | 1.1% | 7.8 |
 PCTY | $6B | 27.1 | 14.3 | 17.3 | 68.8% | 19.1% | 20.0% | 26.2% | 0.5 |
 INTU | $114B | 29.8 | 20.5 | 18.7 | 80.8% | 26.1% | 20.3% | 16.5% | 1.2 |
 ADSK | $54B | 48.0 | 34.4 | 22.3 | 96.8% | 23.3% | 39.7% | 33.3% | 1.7 |
 PAYC | $8B | 17.1 | 9.8 | 18.4 | 78.6% | 27.6% | 27.4% | 30.7% | 0.2 |
 RAMP | $2B | -2491.7 | 67.5 | 12.3 | 71.0% | 0.7% | -0.1% | 0.7% | 1.6 |
 V | $616B | 31.5 | 24.6 | 28.6 | 80.4% | 60.0% | 52.1% | 29.2% | 1.0 |
| Technology Median | — | 27.7 | 17.5 | 19.2 | 48.5% | -0.6% | 2.4% | 2.9% | 2.9 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 7 years · Updated daily
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Start ComparisonEXFY — Frequently Asked Questions
Quick answers to the most common questions about buying EXFY stock.
What is Expensify, Inc.'s P/E ratio?
Expensify, Inc.'s current P/E ratio is -4.8x. This places it at the 50th percentile of its historical range.
What is Expensify, Inc.'s ROE?
Expensify, Inc.'s return on equity (ROE) is -16.4%. The historical average is -23.4%.
Is EXFY stock overvalued?
Based on historical data, Expensify, Inc. is trading at a P/E of -4.8x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are Expensify, Inc.'s profit margins?
Expensify, Inc. has 50.3% gross margin and -12.7% operating margin.