Expensify Inc (EXFY) - Net Assets
Based on the latest financial reports, Expensify Inc (EXFY) has net assets worth $135.66 Million USD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($186.84 Million) and total liabilities ($51.17 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Read debt load of Expensify Inc for a breakdown of total debt and financial obligations.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $135.66 Million |
| % of Total Assets | 72.61% |
| Annual Growth Rate | N/A |
| 5-Year Change | 811.53% |
| 10-Year Change | N/A |
| Growth Volatility | 184.41 |
Expensify Inc - Net Assets Trend (2019–2024)
This chart illustrates how Expensify Inc's net assets have evolved over time, based on quarterly financial data. Also explore total assets of Expensify Inc for the complete picture of this company's asset base.
Annual Net Assets for Expensify Inc (2019–2024)
The table below shows the annual net assets of Expensify Inc from 2019 to 2024. For live valuation and market cap data, see EXFY market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $128.24 Million | +27.30% |
| 2023-12-31 | $100.74 Million | +3.60% |
| 2022-12-31 | $97.24 Million | +26.92% |
| 2021-12-31 | $76.61 Million | +444.57% |
| 2020-12-31 | $14.07 Million | +129.03% |
| 2019-12-31 | $-48.46 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Expensify Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 10019000000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $9.00K | 0.01% |
| Other Components | $279.06 Million | 217.60% |
| Total Equity | $128.24 Million | 100.00% |
Expensify Inc Competitors by Market Cap
The table below lists competitors of Expensify Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
ReaLy Development & Construction
TWO:2596
|
$90.58 Million |
|
Consti Yhtiot Oy
HE:CONSTI
|
$90.62 Million |
|
Méliuz S.A
SA:CASH3
|
$90.65 Million |
|
K Laser Technology Inc
TW:2461
|
$90.65 Million |
|
FELIX Gold Ltd
AU:FXG
|
$90.53 Million |
|
Canadian Life Companies Split Corp
TO:LFE
|
$90.52 Million |
|
Kino Indonesia Tbk PT
JK:KINO
|
$90.49 Million |
|
Eaton Vance Senior Income Closed Fund
NYSE:EVF
|
$90.49 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Expensify Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 100,744,000 to 128,243,000, a change of 27,499,000 (27.3%).
- Net loss of 10,055,000 reduced equity.
- Share repurchases of 1,545,000 reduced equity.
- New share issuances of 4,091,000 increased equity.
- Other factors increased equity by 35,008,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-10.05 Million | -7.84% |
| Share Repurchases | $1.54 Million | -1.2% |
| Share Issuances | $4.09 Million | +3.19% |
| Other Changes | $35.01 Million | +27.3% |
| Total Change | $- | 27.30% |
Book Value vs Market Value Analysis
This analysis compares Expensify Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.76x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | $-1.45 | $1.12 | x |
| 2020-12-31 | $0.41 | $1.12 | x |
| 2021-12-31 | $0.94 | $1.12 | x |
| 2022-12-31 | $1.20 | $1.12 | x |
| 2023-12-31 | $1.22 | $1.12 | x |
| 2024-12-31 | $1.47 | $1.12 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Expensify Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -7.84%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -7.22%
- • Asset Turnover: 0.80x
- • Equity Multiplier: 1.35x
- Recent ROE (-7.84%) is above the historical average (-17.77%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 0.00% | 1.54% | 1.05x | 0.00x | $6.09 Million |
| 2020 | -12.15% | -1.94% | 1.00x | 6.24x | $-3.12 Million |
| 2021 | -17.70% | -9.49% | 0.78x | 2.39x | $-21.22 Million |
| 2022 | -27.78% | -15.93% | 0.81x | 2.16x | $-36.73 Million |
| 2023 | -41.15% | -27.51% | 0.85x | 1.75x | $-51.53 Million |
| 2024 | -7.84% | -7.22% | 0.80x | 1.35x | $-22.88 Million |
Industry Comparison
This section compares Expensify Inc's net assets metrics with peer companies in the Software - Application industry.
Industry Context
- Industry: Software - Application
- Average net assets among peers: $1,232,448,014
- Average return on equity (ROE) among peers: 1.73%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Expensify Inc (EXFY) | $135.66 Million | 0.00% | 0.38x | $90.54 Million |
| Adobe Systems Incorporated (ADBE) | $9.36 Billion | 27.67% | 1.00x | $93.73 Billion |
| ADEIA CORP (ADEA) | $545.10 Million | -11.47% | 0.92x | $3.00 Billion |
| Automatic Data Processing Inc (ADP) | $949.50 Million | 19.76% | 0.77x | $76.36 Billion |
| Autodesk Inc (ADSK) | $267.30 Million | 21.62% | 0.23x | $48.93 Billion |
| AudioEye Inc (AEYE) | $9.44 Million | -45.08% | 2.15x | $71.03 Million |
| Agilysys Inc (AGYS) | $52.90 Million | 15.69% | 1.77x | $1.91 Billion |
| Firefly Neuroscience, Inc. (AIFF) | $-3.01 Million | 0.00% | 0.00x | $24.73 Million |
| XIAO-I Corporation American Depositary Shares (AIXI) | $-8.47 Million | 0.00% | 0.00x | $10.77 Million |
| Alight Inc (ALIT) | $805.00 Million | 2.73% | 7.18x | $408.81 Million |
| Alkami Technology Inc (ALKT) | $344.61 Million | -13.59% | 0.27x | $1.72 Billion |
About Expensify Inc
Expensify, Inc. provides a cloud-based expense management software platform in the United States and internationally. The company offers Expensify, a platform that offers corporate card management, bills payment, invoice generation, payment collection, and travel booking services, as well as track and submit plans for individuals. It serves individuals and corporations, small and midsized busines… Read more