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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 $37.8M
$150M
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 (LTM) of $142M and a last 12-month EBITDA of $37.8M.
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| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $142M | XXX | $139M | XXX | XXX | XXX |
| Gross Profit | $81.7M | XXX | $75.0M | XXX | XXX | XXX |
| Gross Margin | 57% | XXX | 54% | XXX | XXX | XXX |
| EBITDA | $37.8M | XXX | $6.0M | XXX | XXX | XXX |
| EBITDA Margin | 27% | XXX | 4% | XXX | XXX | XXX |
| EBIT | $31.2M | XXX | -$0.8M | XXX | XXX | XXX |
| EBIT Margin | 22% | XXX | -1% | XXX | XXX | XXX |
| Net Profit | -$9.4M | XXX | -$10.1M | XXX | XXX | XXX |
| Net Margin | -7% | XXX | -7% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | n/a | XXX | XXX | XXX |
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As of May 30, 2025, Expensify's stock price is $2.
Expensify has current market cap of $203M, and EV of $150M.
See Expensify trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $150M | $203M | XXX | XXX | XXX | XXX | $0.24 |
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Start Free TrialAs of May 30, 2025, Expensify has market cap of $203M and EV of $150M.
Expensify's trades at 1.1x EV/Revenue multiple, and 25.0x EV/EBITDA.
Equity research analysts estimate Expensify's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Expensify has a P/E ratio of -21.7x.
See valuation multiples for Expensify and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $203M | XXX | $203M | XXX | XXX | XXX |
| EV (current) | $150M | XXX | $150M | XXX | XXX | XXX |
| EV/Revenue | 1.1x | XXX | 1.1x | XXX | XXX | XXX |
| EV/EBITDA | 4.0x | XXX | 25.0x | XXX | XXX | XXX |
| EV/EBIT | 4.8x | XXX | -182.9x | XXX | XXX | XXX |
| EV/Gross Profit | 1.8x | XXX | n/a | XXX | XXX | XXX |
| P/E | -21.7x | XXX | -20.2x | XXX | XXX | XXX |
| EV/FCF | 6.6x | XXX | 9.2x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialExpensify's last 12 month revenue growth is 6%
Expensify's revenue per employee in the last FY averaged $1.2M, while opex per employee averaged $0.7M for the same period.
Expensify's rule of 40 is -13% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Expensify's rule of X is 40% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for Expensify and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 6% | XXX | 6% | XXX | XXX | XXX |
| EBITDA Margin | 27% | XXX | 4% | XXX | XXX | XXX |
| EBITDA Growth | 5% | XXX | n/a | XXX | XXX | XXX |
| Rule of 40 | -13% | XXX | 10% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 40% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $1.2M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $0.7M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | 9% | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | 18% | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 54% | XXX | XXX | XXX |
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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 |
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Start Free Trial| 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 $203M |
| What is the current revenue of Expensify? | Expensify's last 12 months revenue is $142M. |
| What is the current revenue growth of Expensify? | Expensify revenue growth (NTM/LTM) is 6%. |
| What is the current EV/Revenue multiple of Expensify? | Current revenue multiple of Expensify is 1.1x. |
| Is Expensify profitable? | Yes, Expensify is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Expensify? | Expensify's last 12 months EBITDA is $37.8M. |
| What is Expensify's EBITDA margin? | Expensify's last 12 months EBITDA margin is 27%. |
| What is the current EV/EBITDA multiple of Expensify? | Current EBITDA multiple of Expensify is 4.0x. |
| What is the current FCF of Expensify? | Expensify's last 12 months FCF is $22.7M. |
| What is Expensify's FCF margin? | Expensify's last 12 months FCF margin is 16%. |
| What is the current EV/FCF multiple of Expensify? | Current FCF multiple of Expensify is 6.6x. |
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