Expensify (EXFY) Research & Development (2020 - 2026)

Expensify's Research & Development history runs 7 years deep, the most recent figure standing at $5.3 million for Q1 2026.

• In Q1 2026, Research & Development fell 1.74% year-over-year to $5.3 million; the TTM figure through Mar 2026 stood at $20.6 million (down 14.45% YoY), while the FY2025 annual figure was $20.7 million, down 16.05% from the prior year.
• Research & Development came in at $5.3 million for Q1 2026 at Expensify, roughly flat from $5.3 million in the prior quarter.
• In the past five years, Research & Development ranged from a high of $6.7 million in Q4 2024 to a low of $3.0 million in Q4 2022.
• A 5-year average of $5.2 million and a median of $5.3 million in 2026 frame the typical range for Research & Development.
• On a YoY basis, Research & Development climbed as much as 237.37% in 2022 and fell as far as 26.47% in 2022.
• Expensify's Research & Development stood at $3.0 million in 2022, then surged by 108.93% to $6.2 million in 2023, then gained by 7.25% to $6.7 million in 2024, then slipped by 21.49% to $5.3 million in 2025, then increased by 0.06% to $5.3 million in 2026.
• According to Business Quant data, Research & Development over the past three periods registered $5.3 million, $5.3 million, and $4.9 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

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