Expensify (EXFY) Stock Price, News & Analysis

Company Overview

Expensify, traded on NASDAQ under the ticker EXFY, is a software-as-a-service (SaaS) company specializing in automated expense management and reporting. Its flagship platform enables employees to capture receipts via mobile app or email, automatically extract expense details through optical character recognition (OCR) and artificial intelligence, and submit streamlined expense reports. The solution is designed to eliminate manual data entry and reduce approval cycle times, serving a broad range of industries from small businesses to large enterprises.

Founded in 2008 by entrepreneur David Barrett, Expensify has grown from a simple receipt-scanning app into a comprehensive spend management suite. The company went public in 2021 via a direct listing on the Nasdaq exchange, marking a significant milestone in its growth trajectory. Over the years, Expensify has expanded its footprint beyond its San Francisco headquarters, supporting customers in more than 200 countries and territories with multi-currency functionality and compliance tools tailored to local tax regulations.

In addition to its core expense reporting capabilities, Expensify offers the Expensify Card, a corporate credit card that integrates directly with its platform to provide real-time spend visibility, automated reconciliation, and customizable policy enforcement. The company also provides travel booking services, merging itineraries and expenses into a single reporting workflow. Expensify’s open API and prebuilt integrations connect with leading accounting and enterprise resource planning (ERP) systems, including QuickBooks, Xero, NetSuite, and Sage Intacct.

Under the leadership of founder and CEO David Barrett, Expensify continues to innovate in the spend management space, emphasizing user experience, automation, and global compliance. The company’s development team remains focused on refining its machine-learning models and expanding its product ecosystem to address evolving corporate finance challenges.

Key Stats

• Today's Range: $1.65 to $1.70
• 50-Day Range: $1.63 to $1.99
• 52-Week Range: $1.60 to $4.13
• Volume: 338,188 shs
• Average Volume: 542,240 shs
• Market Capitalization: $135.32 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $4.00
• Consensus Rating: Hold

Expensify Stock Analysis - MarketRank™

Expensify scored higher than 56% of companies evaluated by MarketBeat, and ranked 131st out of 319 stocks in the business services sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Hold

Consensus Rating

Expensify has received a consensus rating of Hold. The company's average rating score is 2.20, and is based on 2 buy ratings, 2 hold ratings, and 1 sell rating.

Upside Potential

Expensify has a consensus price target of $4.00, representing about 138.1% upside from its current price of $1.68.

Amount of Analyst Coverage

Expensify has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.0 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Expensify is -10.50, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Expensify is -10.50, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Expensify has a P/B Ratio of 1.01. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

4.55% of the float of Expensify has been sold short.

Short Interest Ratio / Days to Cover

Expensify has a short interest ratio ("days to cover") of 4.3.

Change versus previous month

Short interest in Expensify has recently decreased by 0.38%, indicating that investor sentiment is improving.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Expensify does not currently pay a dividend.

Dividend Growth

Expensify does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

4.55% of the float of Expensify has been sold short.

Short Interest Ratio / Days to Cover

Expensify has a short interest ratio ("days to cover") of 4.3.

Change versus previous month

Short interest in Expensify has recently decreased by 0.38%, indicating that investor sentiment is improving.

News and Social Media

• Score: 3.1 / 5
• News Sentiment: N/A

News Sentiment

Expensify has a news sentiment score of 1.55. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.53 average news sentiment score of Business Services companies.

News Coverage This Week

MarketBeat has tracked 1 news article for Expensify this week, compared to 3 articles on an average week.

Search Interest

4 people have searched for EXFY on MarketBeat in the last 30 days.

MarketBeat Follows

Only 1 people have added Expensify to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Expensify insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $283,481.00 in company stock.

Percentage Held by Insiders

17.33% of the stock of Expensify is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

68.42% of the stock of Expensify is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

EXFY Stock Analysis - Frequently Asked Questions

How have EXFY shares performed this year?

Expensify's stock was trading at $3.35 at the beginning of 2025. Since then, EXFY shares have decreased by 49.9% and is now trading at $1.68.

How were Expensify's earnings last quarter?

Expensify, Inc. (NASDAQ:EXFY) issued its quarterly earnings results on Thursday, November, 7th. The company reported ($0.02) earnings per share (EPS) for the quarter. The business earned $35.41 million during the quarter. Expensify had a negative net margin of 10.72% and a negative trailing twelve-month return on equity of 12.02%.
Read the conference call transcript.

How will Expensify's stock buyback program work?

Expensify's board approved a stock buyback plan on Thursday, February 27th 2025, which allows the company to repurchase $50,000,000 in shares, according to EventVestor. This means that the company could purchase up to 20.1% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's management believes its stock is undervalued.

When did Expensify IPO?

Expensify (EXFY) raised $234 million in an initial public offering on Wednesday, November 10th 2021. The company issued 9,730,776 shares at a price of $23.00-$25.00 per share.

Who are Expensify's major shareholders?

Top institutional investors of Expensify include Exchange Traded Concepts LLC (0.34%) and CWM LLC (0.02%). Insiders that own company stock include Steven J Mclaughlin, Jason Fahr Mills, Daniel Vidal, David Michael Barrett, Timothy L Christen, Ryan Schaffer, Anuradha Muralidharan, Ying Liu and Openview Management, Llc.
View institutional ownership trends.

How do I buy shares of Expensify?

Shares of EXFY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of Expensify own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Expensify investors own include American Water Works (AWK), Waste Connections (WCN), Humana (HUM), The RMR Group (RMR), AUO (AUOTY), Voyager Therapeutics (VYGR) and DiamondRock Hospitality (DRH).

Company Calendar

• Last Earnings: 11/07/2024
• Today: 10/22/2025
• Next Earnings (Estimated): 11/06/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Business Services
• Industry: Financial Transaction Services
• Sub-Industry: Computer Software
• Current Symbol: NASDAQ:EXFY
• CIK: 1476840
• Web: www.expensify.com
• Phone: 971-365-3939
• Fax: N/A
• Employees: 140
• Year Founded: 2008

Price Target and Rating

• Average Price Target for Expensify: $4.00
• High Price Target: $5.00
• Low Price Target: $2.50
• Potential Upside/Downside: +137.5%
• Consensus Rating: Hold
• Rating Score (0-4): 2.20
• Research Coverage: 5 Analysts

Profitability

• EPS (Trailing Twelve Months): ($0.16)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: -$10.06 million
• Net Margins: -10.72%
• Pretax Margin: -7.08%
• Return on Equity: -12.02%
• Return on Assets: -8.52%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 3.14
• Quick Ratio: 3.14

Sales & Book Value

• Annual Sales: $139.24 million
• Price / Sales: 0.97
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $1.66 per share
• Price / Book: 1.01

Miscellaneous

• Outstanding Shares: 80,550,000
• Free Float: 66,590,000
• Market Cap: $135.65 million
• Optionable: Optionable
• Beta: 1.71