Growth Metrics

Expensify (EXFY) Cost of Revenue (2020 - 2025)

Expensify (EXFY) has disclosed Cost of Revenue for 6 consecutive years, with $3.9 million as the latest value for Q4 2025.

  • Quarterly Cost of Revenue fell 78.41% to $3.9 million in Q4 2025 from the year-ago period, while the trailing twelve-month figure was $53.8 million through Dec 2025, up 1.54% year-over-year, with the annual reading at $26.7 million for FY2025, 58.37% down from the prior year.
  • Cost of Revenue hit $3.9 million in Q4 2025 for Expensify, down from $17.7 million in the prior quarter.
  • In the past five years, Cost of Revenue ranged from a high of $18.1 million in Q4 2024 to a low of $3.1 million in Q2 2024.
  • Historically, Cost of Revenue has averaged $12.6 million across 5 years, with a median of $14.5 million in 2024.
  • Biggest five-year swings in Cost of Revenue: plummeted 81.85% in 2024 and later surged 366.99% in 2025.
  • Year by year, Cost of Revenue stood at $13.1 million in 2021, then grew by 22.85% to $16.1 million in 2022, then grew by 2.5% to $16.5 million in 2023, then increased by 9.93% to $18.1 million in 2024, then tumbled by 78.41% to $3.9 million in 2025.
  • Business Quant data shows Cost of Revenue for EXFY at $3.9 million in Q4 2025, $17.7 million in Q3 2025, and $14.3 million in Q2 2025.