Flagship explainer
How Expensify, Inc. makes its money
Start with a dollar of revenue and follow what the filing says remains.
Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.
| Filed line | Value | % of revenue | Source |
|---|---|---|---|
| $142M | 100% |
| |
| Cost of revenue | $70.6M | 50% |
|
| $71.5M | 50% |
| |
| −$18M | −13% |
| |
| Income before tax | −$16.3M | −11% |
|
| Income tax | $5.1M | 4% |
|
| −$21.4M | −15% |
|
Source:
- SEC filing · FY 2025Filing detailsAccession 0001476840-26-000009