Expensify Inc. (EXFY) Financial Statements (2024 and earlier)

Company Profile

Business Address 401 SW 5TH AVENUE
PORTLAND, OR 97204
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 7372 - Prepackaged Software (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments103,78798,398
Cash and cash equivalents103,78798,398
Restricted cash and investments19,5428,651
Receivables16,44815,727
Prepaid expense8,8257,436
Other current assets22,21714,201
Other undisclosed current assets16,29613,229
Total current assets:187,115157,642
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization4611,251
Operating lease, right-of-use asset284951
Property, plant and equipment14,49215,930
Restricted cash and investments  47
Deferred income tax assets344370
Other noncurrent assets664710
Other undisclosed noncurrent assets6,8816,312
Total noncurrent assets:23,12625,571
TOTAL ASSETS:210,241183,213
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,35031,397
Settlement liabilities21,680
Interest and dividends payable783
Taxes payable4,936
Accounts payable1,0593,752
Accrued liabilities291246
Deferred revenue223239
Debt1,0231,342
Other undisclosed current liabilities57,76620,598
Total current liabilities:60,36253,576
Noncurrent Liabilities
Long-term debt and lease obligation 51,43452,067
Long-term debt, excluding current maturities 51,43452,067
Liabilities, other than long-term debt1,204153
Other liabilities1,204153
Other undisclosed noncurrent liabilities 802
Total noncurrent liabilities:52,63853,022
Total liabilities:113,000106,598
Equity
Equity, attributable to parent97,24176,615
Common stock76
Additional paid in capital194,807142,515
Accumulated deficit(97,573)(65,906)
Total equity:97,24176,615
TOTAL LIABILITIES AND EQUITY:210,241183,213

Income Statement (P&L) ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
Revenues169,495142,835
Cost of revenue(62,669)(53,693)
Cost of goods and services sold(6,200)(2,900)
Gross profit:106,82689,142
Operating expenses(122,058)(99,394)
Operating loss:(15,232)(10,252)
Interest and debt expense(4,500)(42)
Loss from continuing operations before equity method investments, income taxes:(19,732)(10,294)
Other undisclosed loss from continuing operations before income taxes(911)(3,438)
Loss from continuing operations before income taxes:(20,643)(13,732)
Income tax expense (benefit)(6,366)174
Loss from continuing operations:(27,009)(13,558)
Loss before gain (loss) on sale of properties:(13,558)
Net loss available to common stockholders, diluted:(27,009)(13,558)

Comprehensive Income ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
Net loss:(27,009)(13,558)
Comprehensive loss, net of tax, attributable to parent:(27,009)(13,558)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: