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

Expensify has disclosed Cost of Revenue across 7 years of filings, most recently posting $3.8 million for Q1 2026.

• Cost of Revenue for Q1 2026 came in at $3.8 million, down 78.91% year-over-year; the trailing twelve-month figure through Mar 2026 was $29.8 million (down 27.52% YoY), and the FY2025 annual result 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.
• The 5-year median for Cost of Revenue is $12.2 million (2022), against an average of $9.8 million.
• Across the five-year window, Cost of Revenue sank 150.58% in 2023 and jumped 459.47% in 2025, its largest moves.
• Expensify's Cost of Revenue stood at $11.9 million in 2022, then tumbled by 150.58% to -$6.0 million in 2023, then jumped by 150.88% to $3.1 million in 2024, then gained by 27.75% to $3.9 million in 2025, then slipped by 4.03% to $3.8 million in 2026.
• The last three Cost of Revenue figures came in at $3.8 million (Q1 2026), $3.9 million (Q4 2025), and $4.9 million (Q3 2025), per Business Quant data.