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)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments97,795111,232103,787106,212105,537101,101
Cash and cash equivalents97,795111,232103,787106,212105,537101,101
Restricted cash and investments20,98619,01319,54216,25516,0779,973
Receivables14,92215,70516,44816,27416,27016,022
Prepaid expense5,0507,4118,8255,6985,4307,060
Other current assets24,60621,28222,21721,24720,43415,746
Other undisclosed current assets18,29019,47716,29623,10427,70324,340
Total current assets:181,649194,120187,115188,790191,451174,242
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization662634616588561,053
Operating lease, right-of-use asset6,351249284451616779
Property, plant and equipment14,54514,02114,49214,87215,17415,584
Restricted cash and investments      46
Deferred income tax assets409374344200689370
Other noncurrent assets749658664580580628
Other undisclosed noncurrent assets8,6177,5816,8816,1426,0066,112
Total noncurrent assets:30,73723,14623,12622,90323,92124,572
TOTAL ASSETS:212,386217,266210,241211,693215,372198,814
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,8592,2671,35041,99446,96338,312
Settlement liabilities36,38341,59034,113
Interest and dividends payable1,094874771
Taxes payable2,1392,0671,819
Accounts payable1,6912,0031,0592,1772,1691,437
Accrued liabilities168264291201263172
Deferred revenue524586223270269211
Debt6258211,0231,2211,3511,345
Other undisclosed current liabilities58,66858,23657,76619,67621,19921,199
Total current liabilities:61,67661,91060,36263,16169,78261,067
Noncurrent Liabilities
Long-term debt and lease obligation43,18051,29751,43451,57251,71051,847
Long-term debt, excluding current maturities43,18051,29751,43451,57251,71051,847
Liabilities, other than long-term debt1,4411,2681,2041,1451,1211,028
Other liabilities1,4411,2681,2041,1451,1211,028
Other undisclosed noncurrent liabilities6,22695  68405
Total noncurrent liabilities:50,84752,66052,63852,71752,89953,280
Total liabilities:112,523114,570113,000115,878122,681114,347
Equity
Equity, attributable to parent99,863102,69697,24195,81592,69184,467
Common stock777766
Additional paid in capital216,422206,207194,807185,326173,961157,743
Accumulated deficit(116,566)(103,518)(97,573)(89,518)(81,276)(73,282)
Total equity:99,863102,69697,24195,81592,69184,467
TOTAL LIABILITIES AND EQUITY:212,386217,266210,241211,693215,372198,814

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

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues38,88440,10143,46942,49343,16240,370
Cost of revenue(16,925)(15,775)(16,105)(16,554)(15,876)(14,133)
Gross profit:21,95924,32627,36425,93927,28626,237
Operating expenses(31,520)(27,030)(28,064)(31,656)(31,260)(31,079)
Operating loss:(9,561)(2,704)(700)(5,717)(3,974)(4,842)
Interest and debt expense(1)(3)(4,481)(5)(6)(7)
Loss from continuing operations before equity method investments, income taxes:(9,562)(2,707)(5,181)(5,722)(3,980)(4,849)
Other undisclosed income (loss) from continuing operations before income taxes(1,366)(1,413)4,296(2,364)(1,949)(895)
Loss from continuing operations before income taxes:(10,928)(4,120)(885)(8,086)(5,929)(5,744)
Income tax expense (benefit)(376)(1,825)(2,512)(156)(2,065)(1,632)
Loss from continuing operations:(11,304)(5,945)(3,397)(8,242)(7,994)(7,376)
Loss before gain (loss) on sale of properties:(8,242)(7,994)(7,376)
Net loss available to common stockholders, diluted:(11,304)(5,945)(3,397)(8,242)(7,994)(7,376)

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net loss:(11,304)(5,945)(3,397)(8,242)(7,994)(7,376)
Comprehensive loss, net of tax, attributable to parent:(11,304)(5,945)(3,397)(8,242)(7,994)(7,376)

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.

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