Expensify (EXFY)
Manages expenses, corporate cards, payments and travel in one member-facing app.
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Brings expense reports, corporate cards, receipt capture, bill pay, invoicing, payroll, and travel into one app. Its self-serve, bottom-up distribution model is paired with a single reportable segment.
Manages business expenses through reports, corporate cards and receipt capture, with bill pay, invoicing, payroll and travel extending the app beyond expense tracking. The member-facing workflow connects card controls, reimbursements, bills, invoices and travel booking for individuals and businesses.
Customer acquisition relies on a self-serve, bottom-up distribution model supported by word-of-mouth marketing. Receipt processing can turn a photographed receipt into a report for submission, approval and reimbursement. Product work includes AI-assisted expense workflows, reporting and mobile receipt management. Financial information is reviewed as a single reportable segment, and card interchange is accounted for as revenue.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 7, 2026 | Citigroup | Upgrade | ||
| Aug 7, 2026 | Citizens | Upgrade | ||
| Nov 25, 2024 | JMP Securities | Downgrade |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $65.8M · Total debt $0 · Total assets $185.4M · Shareholders' equity $134.6M
- Revenue
- $33.9M
- Operating income
- −$2.9M
- Net income
- −$3.9M
No dividends on record.
| Institutions | 85.27% | 77.75M shares | |
|---|---|---|---|
| 102 holders · as of Jun 30, 2026 | |||
| Insiders | 11.72% | 10.69M shares | |
| 2 holders · as of Dec 7, 2022 | |||
| Strategic holders | 9.85% | 8.98M shares | |
| 2 holders · as of Feb 13, 2025 | |||
| Adds to | 106.84% | ||
91.19M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
These groups come from separate filings that can overlap, so they add to 106.84%; nothing is left for Other.
This company has 3 share classes; every stake here is a share of the whole company.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Parallel Advisors, LLCInstitution | 8.76% | 2.66M · 2.66M · 2.66M | as of Jun 30, 2026 |
Acadian Asset Management LLCInstitution | 8.08% | 2.46M · 2.46M · 2.46M | as of Jun 30, 2026 |
David Martirano1Insiderdirector | 7.84% | 429,544 A | filed May 3, 2022 |
Vanguard Capital Management LLCInstitution | 7.76% | 2.36M · 2.36M · 2.36M | as of Jun 30, 2026 |
AQR Capital Management LLCInstitution | 6.86% | 2.09M · 2.09M · 2.09M | as of Jun 30, 2026 |
- The filed share classes (A) could not be matched to the company's, so no percentage.
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 15, 2026 | Divo Carlos Eduardo Alvarez | director | −10,700 | $1.28 |
| Apr 1, 2026 | David Michael Barrett | director, officer: Chief Executive Officer | −30,000 | $0.8500 |
| Mar 24, 2026 | Jason Fahr Mills | director | −1,786 | $0.8400 |
| Mar 17, 2026 | Jason Fahr Mills | director | −6,770 | $0.7600 |
| Mar 24, 2026 | David Michael Barrett | director, officer: Chief Executive Officer | −10,114 | $0.8400 |
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