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Expensify Inc (EXFY)



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Upturn Advisory Summary
06/30/2025: EXFY (1-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $4
1 Year Target Price $4
2 | Strong Buy |
0 | Buy |
3 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -42.37% | Avg. Invested days 29 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 235.63M USD | Price to earnings Ratio - | 1Y Target Price 4 |
Price to earnings Ratio - | 1Y Target Price 4 | ||
Volume (30-day avg) 5 | Beta 1.69 | 52 Weeks Range 1.41 - 4.13 | Updated Date 06/29/2025 |
52 Weeks Range 1.41 - 4.13 | Updated Date 06/29/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -0.11 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date 2025-06-13 | When After Market | Estimate 0.05 | Actual 0.053 |
Profitability
Profit Margin -6.66% | Operating Margin (TTM) -4.12% |
Management Effectiveness
Return on Assets (TTM) -0.17% | Return on Equity (TTM) -7.83% |
Valuation
Trailing PE - | Forward PE - | Enterprise Value 180448733 | Price to Sales(TTM) 1.66 |
Enterprise Value 180448733 | Price to Sales(TTM) 1.66 | ||
Enterprise Value to Revenue 1.27 | Enterprise Value to EBITDA 26.3 | Shares Outstanding 80399800 | Shares Floating 58055917 |
Shares Outstanding 80399800 | Shares Floating 58055917 | ||
Percent Insiders 24.41 | Percent Institutions 39.87 |
Analyst Ratings
Rating 3 | Target Price 4 | Buy - | Strong Buy 2 |
Buy - | Strong Buy 2 | ||
Hold 3 | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Expensify Inc
Company Overview
History and Background
Expensify, Inc. was founded in 2008 by David Barrett. It initially focused on providing expense management solutions for small businesses and has since evolved to serve larger enterprises. Expensify became a public company via IPO on November 10, 2021.
Core Business Areas
- Expense Management: Expensify's core offering is its expense management software, automating expense reporting, receipt scanning, and reimbursement processes.
- Corporate Cards: Expensify offers corporate cards that integrate with its expense management platform, providing real-time expense tracking and control.
Leadership and Structure
David Barrett is the founder and CEO. The company has a typical corporate structure with departments like engineering, sales, marketing, and customer support.
Top Products and Market Share
Key Offerings
- Expensify Expense Management Platform: Expensify's main product is its expense management software. Market share is estimated to be in the mid-single digits. They have over 60,000 customers. Competitors include SAP Concur, Intuit QuickBooks, and Zoho Expense.
- Expensify Card: The Expensify Card is a corporate card integrated with the expense management platform. Competitors include Ramp, Brex, and American Express.
Market Dynamics
Industry Overview
The expense management software industry is competitive and growing, driven by the need for businesses to automate and streamline expense processes. The industry is influenced by SaaS business models and integrations with accounting and ERP systems.
Positioning
Expensify is positioned as a user-friendly, cloud-based expense management solution that caters to both small businesses and larger enterprises. Their competitive advantage lies in the integration of their expense management platform with their corporate card offering.
Total Addressable Market (TAM)
The total addressable market for expense management software is estimated to be billions of dollars. Expensify is positioned to capture a segment of this market by focusing on SMBs and enterprises seeking integrated solutions.
Upturn SWOT Analysis
Strengths
- User-friendly interface
- Integrated expense management and corporate card offering
- Strong brand recognition in the SMB market
- Automated expense reporting capabilities
Weaknesses
- Relatively smaller market share compared to larger competitors
- Dependence on a single core product (expense management)
- Limited international presence compared to global competitors
- Profitability concerns.
Opportunities
- Expanding into new markets and geographies
- Developing new product features and integrations
- Targeting larger enterprise clients
- Leveraging AI and machine learning to enhance expense automation.
Threats
- Intense competition from established players like SAP Concur and Intuit QuickBooks
- Economic downturn impacting business spending
- Data security and privacy concerns
- Changes in regulatory requirements affecting expense reporting.
Competitors and Market Share
Key Competitors
- SAP (SAP)
- INTU (INTU)
- ADBE (ADBE)
Competitive Landscape
Expensify competes with larger, more established players like SAP Concur and Intuit QuickBooks. Expensify's advantages include its user-friendly interface and integrated corporate card. Its disadvantages include its smaller market share and limited international presence.
Growth Trajectory and Initiatives
Historical Growth: Expensify has experienced growth in revenue and user base since its founding. However, profitability has been a challenge.
Future Projections: Analyst estimates for Expensify's future growth vary depending on the source. Factors influencing growth include new customer acquisition, product innovation, and market expansion.
Recent Initiatives: Recent initiatives by Expensify include focusing on enterprise sales, enhancing its corporate card offering, and improving its expense automation capabilities.
Summary
Expensify is a cloud-based expense management software company. It offers automated expense reporting and is easy to use. However, it needs to compete with larger companies and improve it's profitability. Expensify needs to expand into new markets and focus on enterprise sales to solidify their position.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company Filings
- Market Research Reports
- Analyst Estimates
- Company Website
Disclaimers:
The information provided is for informational purposes only and should not be construed as financial advice. Market share estimates are approximate and may vary depending on the source. Financial data is based on the latest available information and may be subject to change.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Expensify Inc
Exchange NASDAQ | Headquaters Portland, OR, United States | ||
IPO Launch date 2021-11-10 | Founder, CEO, President & Director Mr. David Barrett | ||
Sector Technology | Industry Software - Application | Full time employees 115 | Website https://www.expensify.com |
Full time employees 115 | Website https://www.expensify.com |
Expensify, Inc. provides a cloud-based expense management software platform in the United States and internationally. The company offers Expensify, a platform that offers corporate card management, bills payment, invoice generation, payment collection, and travel booking services, as well as track and submit plans for individuals. It serves individuals and corporations, small and midsized businesses, and enterprises. The company was founded in 2008 and is based in Portland, Oregon.
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