Expensify (EXFY) Research & Development (2020 - 2026)
Expensify (EXFY) posted Research & Development of $5.3 million for Q1 2026, little changed sequentially from $5.3 million in Q4 2025, and up 48.64% YoY from $3.5 million in Q1 2025.
Expensify (EXFY) Research & Development (2020 - 2026) Analysis & Trends
Expensify has reported Research & Development for 7 years, with the latest figure at $5.3 million in Q1 2026.
- Quarterly Research & Development rose 48.64% year-over-year to $5.3 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $20.6 million (up 155.65% YoY) and the FY2025 annual result came in at $20.7 million, up 61.62% from the prior year.
- Research & Development held at $5.3 million in Q1 2026 per EXFY's latest filing, from $5.3 million in the prior quarter.
- Over five years, Research & Development peaked at $14.7 million in Q2 2023 and troughed at -$24.3 million in Q4 2022.
- A 5-year average of $2.8 million and a median of $5.2 million in 2025 frame the typical range for Research & Development.
- The widest YoY moves for Research & Development: up 334.58% in 2022, down 951.44% in 2022.
- Over 5 years, Research & Development stood at -$24.3 million in 2022, then jumped by 44.82% to -$13.4 million in 2023, then surged by 61.62% to -$5.1 million in 2024, then surged by 202.39% to $5.3 million in 2025, then rose 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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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 255.48 Bn | 234.41 Bn | 16.51 Bn | -4.12 Bn |
| 2 | Shopify | 198.95 Bn | 194.00 Bn | 1.71 Bn | 498.00 Mn |
| 3 | Salesforce | 160.70 Bn | 148.86 Bn | 8.56 Bn | 3.77 Bn |
| 4 | Uber Technologies | 154.94 Bn | 149.73 Bn | 6.38 Bn | 1.52 Bn |
| 5 | ServiceNow | 128.25 Bn | 123.58 Bn | 2.82 Bn | 1.37 Bn |
| 6 | Snowflake | 114.00 Bn | 111.05 Bn | 926.45 Mn | 588.95 Mn |
| 7 | Automatic Data Processing | 108.58 Bn | 104.35 Bn | 2.51 Bn | 265.90 Mn |
| 8 | Adobe | 105.34 Bn | 99.72 Bn | 5.90 Bn | 1.88 Bn |
| 9 | Intuit | 94.55 Bn | 87.77 Bn | 7.24 Bn | 1.79 Bn |
| 10 | Expensify | 211.36 Mn | 145.60 Mn | 16.33 Mn | 4.98 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 4.98 Mn |
| Mar 31, 2026 | 5.27 Mn |
| Dec 31, 2025 | 5.26 Mn |
| Sep 30, 2025 | 4.94 Mn |
| Jun 30, 2025 | 5.16 Mn |
| Mar 31, 2025 | 3.54 Mn |
| Dec 31, 2024 | -5.14 Mn |
| Sep 30, 2024 | 3.27 Mn |
| Jun 30, 2024 | 6.39 Mn |
| Mar 31, 2024 | 5.93 Mn |
| Dec 31, 2023 | -13.39 Mn |
| Sep 30, 2023 | 6.61 Mn |
| Jun 30, 2023 | 14.71 Mn |
| Mar 31, 2023 | 9.18 Mn |
| Dec 31, 2022 | -24.27 Mn |
| Sep 30, 2022 | 3.42 Mn |
| Jun 30, 2022 | 3.58 Mn |
| Mar 31, 2022 | 13.37 Mn |
| Dec 31, 2021 | 2.85 Mn |
| Sep 30, 2021 | 2.17 Mn |