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

Expensify has disclosed Research & Development across 7 years of filings, most recently posting $5.0 million for Q2 2026.

• In Q2 2026, Research & Development fell 65.27% year-over-year to $5.0 million; the TTM figure through Jun 2026 stood at $19.1 million (down 40.35% YoY), while the FY2025 annual figure was $26.7 million, up 8.54% from the prior year.
• Research & Development came in at $5.0 million for Q2 2026 at Expensify, down from $5.3 million in the prior quarter.
• In the past five years, Research & Development ranged from a high of $14.7 million in Q2 2023 to a low of $3.9 million in Q4 2025.
• Average Research & Development over 5 years is $8.8 million, with a median of $7.1 million recorded in 2023.
• Year-over-year, Research & Development jumped 334.58% in 2022 and slumped 65.27% in 2026.
• Over 5 years, Research & Development stood at $11.9 million in 2022, then tumbled by 36.27% to $7.6 million in 2023, then decreased by 11.76% to $6.7 million in 2024, then tumbled by 41.54% to $3.9 million in 2025, then grew by 27.18% to $5.0 million in 2026.
• Per Business Quant data, the three most recent Research & Development figures were $5.0 million in Q2 2026, $5.3 million in Q1 2026, and $3.9 million in Q4 2025.