Switch theme
Sign up to access all valuation multiples
Expensify Inc is a cloud-based expense management software platform that helps various businesses simplify the way to manage money. It is used to scan and reimburse receipts from flights, hotels, coffee shops, office supplies and ride shares. People use Expensify's free features, which include corporate cards, expense tracking, next-day reimbursement, invoicing, bill pay and travel booking in one app.
2009
115
LTM Revenue $142M
LTM EBITDA $39.3M
$207M
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Expensify has a last 12-month revenue of $142M and a last 12-month EBITDA of $39.3M.
In the most recent fiscal year, Expensify achieved revenue of $139M and an EBITDA of $6.0M.
Expensify expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Expensify valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $151M | $139M | XXX | XXX | XXX |
| Gross Profit | $107M | $83.8M | XXX | XXX | XXX |
| Gross Margin | 71% | 60% | XXX | XXX | XXX |
| EBITDA | -$28.0M | $6.0M | XXX | XXX | XXX |
| EBITDA Margin | -19% | 4% | XXX | XXX | XXX |
| Net Profit | -$27.0M | -$41.5M | XXX | XXX | XXX |
| Net Margin | -18% | -30% | XXX | XXX | XXX |
| Net Debt | n/a | n/a | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
As of April 15, 2025, Expensify's stock price is $3.
Expensify has current market cap of $250M, and EV of $207M.
See Expensify trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $207M | $250M | XXX | XXX | XXX | XXX | $0.25 |
Sign up to access valuation multiples like growth-adjusted P/E, next 12-month EV/Revenue, EBITDA multiples by industry and many more
Sign UpAs of April 15, 2025, Expensify has market cap of $250M and EV of $207M.
Expensify's trades at 1.5x LTM EV/Revenue multiple, and 5.3x LTM EBITDA.
Analysts estimate Expensify's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Expensify and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $207M | XXX | XXX | XXX |
| EV/Revenue | 1.5x | XXX | XXX | XXX |
| EV/EBITDA | 34.6x | XXX | XXX | XXX |
| P/E | -24.8x | XXX | XXX | XXX |
| P/E/Growth | n/a | XXX | XXX | XXX |
| EV/FCF | 12.8x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpExpensify's NTM/LTM revenue growth is 7%
Expensify's revenue per employee for the last fiscal year averaged $1.2M, while opex per employee averaged $0.7M for the same period.
Over next 12 months, Expensify's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Expensify's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Expensify and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | -8% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 4% | XXX | XXX | XXX | XXX |
| EBITDA Growth | -121% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 12% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $1.2M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.7M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | 9% | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 28% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | 18% | XXX | XXX | XXX | XXX |
| Opex to Revenue | 54% | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Cape Range | XXX | XXX | XXX | XXX | XXX | XXX |
| Credit Clear | XXX | XXX | XXX | XXX | XXX | XXX |
| IODM | XXX | XXX | XXX | XXX | XXX | XXX |
| Reckon | XXX | XXX | XXX | XXX | XXX | XXX |
| Xero | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Expensify acquired XXX companies to date.
Last acquisition by Expensify was XXXXXXXX, XXXXX XXXXX XXXXXX . Expensify acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
Sign up to see revenue and EBITDA valuation multiples for 60K+ M&A deals.
Sign Up| When was Expensify founded? | Expensify was founded in 2009. |
| Where is Expensify headquartered? | Expensify is headquartered in United States of America. |
| How many employees does Expensify have? | As of today, Expensify has 115 employees. |
| Who is the CEO of Expensify? | Expensify's CEO is Mr. David Barrett. |
| Is Expensify publicy listed? | Yes, Expensify is a public company listed on NAS. |
| What is the stock symbol of Expensify? | Expensify trades under EXFY ticker. |
| When did Expensify go public? | Expensify went public in 2021. |
| Who are competitors of Expensify? | Similar companies to Expensify include e.g. Cape Range, Credit Clear, IODM, Reckon. |
| What is the current market cap of Expensify? | Expensify's current market cap is $250M |
| What is the current revenue of Expensify? | Expensify's last 12-month revenue is $142M. |
| What is the current EBITDA of Expensify? | Expensify's last 12-month EBITDA is $39.3M. |
| What is the current EV/Revenue multiple of Expensify? | Current revenue multiple of Expensify is 1.5x. |
| What is the current EV/EBITDA multiple of Expensify? | Current EBITDA multiple of Expensify is 5.3x. |
| What is the current revenue growth of Expensify? | Expensify revenue growth between 2023 and 2024 was -8%. |
| Is Expensify profitable? | Yes, Expensify is EBITDA-positive (as of the last 12 months). |
Get access to always up-to-date, precisely categorized 70K+ public and private valuation multiples, across tech and beyond.
