Expensify (EXFY) Cost of Revenue (2020 - 2026)

Expensify's Cost of Revenue history runs 7 years deep, the most recent figure standing at $3.8 million for Q1 2026.

• In Q1 2026, Cost of Revenue fell 78.91% year-over-year to $3.8 million; the TTM figure through Mar 2026 stood at $29.8 million (down 27.52% YoY), while the FY2025 annual figure was $26.7 million, up 108.97% from the prior year.
• Cost of Revenue came in at $3.8 million for Q1 2026 at Expensify, down from $3.9 million in the prior quarter.
• In the past five years, Cost of Revenue ranged from a high of $17.8 million in Q1 2025 to a low of -$6.0 million in Q4 2023.
• A 5-year average of $9.8 million and a median of $12.2 million in 2022 frame the typical range for Cost of Revenue.
• Across the five-year window, Cost of Revenue plunged 150.58% in 2023 and surged 459.47% in 2025, its largest moves.
• Expensify's Cost of Revenue stood at $11.9 million in 2022, then slumped by 150.58% to -$6.0 million in 2023, then surged by 150.88% to $3.1 million in 2024, then advanced by 27.75% to $3.9 million in 2025, then dropped by 4.03% to $3.8 million in 2026.
• According to Business Quant data, Cost of Revenue over the past three periods registered $3.8 million, $3.9 million, and $4.9 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

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