Expensify reported a gross margin of 48.22% and a net margin of -11.37% for the quarter ended Jun 2026. These financial ratios cover 24 quarters of results from Sep 2020 through Jun 2026, standardized by Business Quant from the company’s SEC filings.
| Ratios | Sep2020 | Dec2020 | Mar2021 | Jun2021 | Sep2021 | Dec2021 | Mar2022 | Jun2022 | Sep2022 | Dec2022 | Mar2023 | Jun2023 | Sep2023 | Dec2023 | Mar2024 | Jun2024 | Sep2024 | Dec2024 | Mar2025 | Jun2025 | Sep2025 | Dec2025 | Mar2026 | Jun2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||||||||||||||||
| Gross Margin | 51.41% | 50.64% | 64.99% | 63.22% | 61.04% | 62.95% | 60.66% | 56.47% | 51.55% | 53.11% | 56.51% | 56.85% | 51.58% | 50.96% | 50.57% | 51.94% | 49.62% | 49.18% | 47.61% | 48.22% | ||||
| EBT Margin | -26.47% | -52.91% | -14.23% | -13.74% | -19.03% | -2.04% | -10.27% | -28.10% | -47.33% | -17.48% | -8.19% | -0.12% | 1.32% | -0.20% | -3.22% | -26.42% | -6.16% | -10.00% | -5.30% | -8.03% | ||||
| EBIT Margin | -23.65% | -50.63% | -11.99% | -9.21% | -13.45% | -1.61% | -6.74% | -24.59% | -40.82% | -17.00% | -5.35% | 0.66% | 0.81% | 1.26% | -4.12% | -28.91% | -6.44% | -11.19% | -5.81% | -8.63% | ||||
| EBITDA Margin | -23.65% | -50.63% | -11.99% | -9.21% | -13.45% | -1.61% | -6.74% | -24.59% | -40.82% | -17.00% | -5.35% | 0.66% | 0.81% | 1.26% | -4.12% | -28.91% | -6.44% | -11.19% | -5.81% | -8.63% | ||||
| Operating Margin | -23.65% | -50.63% | -11.99% | -9.21% | -13.45% | -1.61% | -6.74% | -24.59% | -40.82% | -17.00% | -5.35% | 0.66% | 0.81% | 1.26% | -4.12% | -28.91% | -6.44% | -11.19% | -5.81% | -8.63% | ||||
| Net Margin | -16.94% | -40.29% | -18.27% | -18.52% | -19.40% | -7.81% | -14.83% | -29.07% | -46.59% | -20.46% | -11.27% | -8.30% | -6.21% | -3.55% | -8.78% | -24.57% | -6.60% | -20.22% | -6.88% | -11.37% | ||||
| FCF Margin | 21.12% | -73.35% | 26.58% | 36.98% | -3.22% | 13.65% | 16.89% | -4.13% | -18.61% | -7.73% | 1.91% | 21.87% | 5.24% | 17.49% | 20.40% | 19.65% | 2.17% | 3.99% | -3.81% | 21.71% | ||||
| Efficiency | ||||||||||||||||||||||||
| Assets AverageAssets Avg. | 166.55M | 191.01M | 207.09M | 213.53M | 210.97M | 213.75M | 214.83M | 212.35M | 194.55M | 180.78M | 188.82M | 184.56M | 174.96M | 181.46M | 188.19M | 186.99M | 186.41M | 188.29M | 188.00M | |||||
| Invested CapitalInvested Cap. | 65.52M | 143.68M | 166.86M | 159.40M | 162.39M | 163.68M | 1,066.30M | 1,058.18M | 145.63M | 115.74M | 121.51M | 129.00M | 119.93M | 128.24M | ||||||||||
| Asset Utilization RatioAsset Util. | 0.86 | 0.80 | 0.78 | 0.78 | 0.80 | 0.79 | 0.77 | 0.75 | 0.77 | 0.80 | 0.73 | 0.74 | 0.80 | 0.78 | 0.77 | 0.77 | 0.76 | 0.74 | 0.73 | |||||
| Leverage & Solvency | ||||||||||||||||||||||||
| Interest Coverage RatioInterest Cover | -6.99 | 0.84 | ||||||||||||||||||||||
| Debt Ratio | 0.55 | 0.37 | 0.41 | 0.31 | 0.31 | 0.32 | 0.31 | 0.27 | 0.24 | 0.08 | 0.08 | 0.08 | ||||||||||||
| Times Interest Earned | -6.99 | 0.84 | ||||||||||||||||||||||
| Valuation | ||||||||||||||||||||||||
| Price to EarningsP/E | -203.41 | -194.28 | -181.98 | -149.20 | -214.26 | -113.52 | -58.44 | -16.00 | -29.22 | -42.09 | -47.54 | -79.30 | -233.32 | -88.62 | -27.30 | -74.34 | -19.74 | -35.90 | -42.72 | |||||
| Price to SalesP/S | 81.95 | 35.50 | 33.70 | 28.94 | 16.74 | 16.83 | 16.99 | 7.45 | 5.98 | 4.75 | 3.95 | 4.92 | 8.27 | 7.79 | 6.71 | 4.91 | 3.99 | 2.47 | 4.86 | |||||
| Price to BookP/B | 43.17 | 16.97 | 15.69 | 12.83 | 7.49 | 0.67 | 0.66 | 2.86 | 2.09 | 1.49 | 1.15 | 1.45 | 2.39 | 2.09 | 0.24 | 1.27 | 1.06 | 0.61 | 1.22 | |||||
| Enterprise Value | 3,209.38M | 1,331.92M | 1,349.21M | 1,123.53M | 624.06M | 563.64M | 562.76M | 182.90M | 163.00M | 109.79M | 78.18M | 135.12M | 257.34M | 221.22M | 179.44M | 110.66M | 77.44M | 17.37M | 98.74M | |||||
| EV to EBIT | -157.05 | -275.08 | -339.51 | -196.53 | -891.52 | -208.45 | -58.86 | -12.28 | -27.23 | -61.23 | 356.97 | 469.18 | 553.42 | -148.77 | -17.36 | -49.03 | -19.67 | -8.81 | -33.80 | |||||
| EV to EBITDA | -157.05 | -275.08 | -339.51 | -196.53 | -891.52 | -208.45 | -58.86 | -12.28 | -27.23 | -61.23 | 356.97 | 469.18 | 553.42 | -148.77 | -17.36 | -49.03 | -19.67 | -8.81 | -33.80 | |||||
| Market Capitalization | 3,307.77M | 1,433.02M | 1,454.74M | 1,229.75M | 727.85M | 674.87M | 660.56M | 272.02M | 210.51M | 159.13M | 131.41M | 174.30M | 306.11M | 280.85M | 239.96M | 172.11M | 140.52M | 83.90M | 164.50M | |||||
| Price to FCFP/FCF | -111.73 | 133.56 | 91.14 | -899.60 | 122.66 | 99.66 | -411.05 | -40.04 | -77.31 | 247.87 | 18.05 | 93.96 | 47.29 | 38.17 | 34.15 | 225.86 | 100.09 | -64.83 | 22.37 | |||||
| EV to FCF | -108.41 | 124.14 | 84.53 | -821.90 | 105.17 | 83.23 | -350.19 | -26.93 | -59.86 | 171.01 | 10.74 | 72.84 | 39.76 | 30.07 | 25.54 | 145.22 | 55.16 | -13.42 | 13.43 | |||||
| EV to CFO | -110.31 | 118.68 | 84.67 | -0.00M | 93.89 | 73.76 | -0.00M | -35.82 | -300.18 | 31.63 | 8.39 | 36.65 | 34.77 | 28.16 | 21.93 | 59.91 | 35.17 | 147.19 | 11.71 | |||||
| Return Ratios | ||||||||||||||||||||||||
| Return on Sales [ROS]ROS | -23.65% | -50.63% | -11.99% | -9.21% | -13.45% | -1.61% | -6.74% | -24.59% | -40.82% | -17.00% | -5.35% | 0.66% | 0.81% | 1.26% | -4.12% | -28.91% | -6.44% | -11.19% | -5.81% | -8.63% | ||||
| Return on Capital Employed [ROCE]ROCE | -9.07% | -20.50% | -27.75% | -23.25% | -10.11% | -8.62% | -12.20% | -20.11% | -26.17% | -29.19% | -19.03% | -5.34% | -0.60% | -0.38% | -7.92% | -9.55% | -12.87% | -12.94% | -7.70% | |||||
| Return on Invested Capital [ROIC]ROIC | -9.65% | -16.40% | -23.72% | -24.09% | -12.24% | -2.87% | -2.12% | -5.24% | -27.33% | -28.77% | -21.01% | -11.02% | -2.79% | |||||||||||
| Return on Assets [ROA]ROA | -8.12% | -15.15% | -21.06% | -21.34% | -12.82% | -11.98% | -13.46% | -17.71% | -21.31% | -21.73% | -16.27% | -8.66% | -5.77% | -5.22% | -8.22% | -8.34% | -11.48% | -10.92% | -8.33% |