Expensify Inc (EXFY) - Net Assets
Based on the latest financial reports, Expensify Inc (EXFY) has net assets worth $134.56 Million USD as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($185.41 Million) and total liabilities ($50.84 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. Check Expensify Inc PP&E and investment ratio to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $134.56 Million |
| % of Total Assets | 72.58% |
| Annual Growth Rate | N/A |
| 5-Year Change | 73.26% |
| 10-Year Change | N/A |
| Growth Volatility | 172.02 |
Expensify Inc - Net Assets Trend (2019–2025)
This chart illustrates how Expensify Inc's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Expensify Inc stock valuation.
Annual Net Assets for Expensify Inc (2019–2025)
The table below shows the annual net assets of Expensify Inc from 2019 to 2025. Also explore Expensify Inc equity growth rate to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $132.75 Million | +3.51% |
| 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 12157900000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $9.00K | 0.01% |
| Other Components | $304.95 Million | 229.73% |
| Total Equity | $132.75 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 |
|---|---|
|
Shangri La Hotels Malaysia Bhd
KLSE:5517
|
$174.54 Million |
|
Coherus BioSciences Inc
NASDAQ:CHRS
|
$174.59 Million |
|
Gencor Industries Inc
NYSE MKT:GENC
|
$174.59 Million |
|
Southern Silver Exploration Corp.
V:SSV
|
$174.71 Million |
|
Pappajack Bhd
KLSE:0242
|
$174.43 Million |
|
PVP Ventures Limited
NSE:PVP
|
$174.43 Million |
|
Nusatrip Incorporated Common Stock
NASDAQ:NUTR
|
$174.41 Million |
|
Barton Gold Holdings Ltd
AU:BGD
|
$174.40 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 2024 to 2025, total equity changed from 128,243,000 to 132,745,000, a change of 4,502,000 (3.5%).
- Net loss of 21,389,000 reduced equity.
- Share repurchases of 9,095,000 reduced equity.
- New share issuances of 6,321,000 increased equity.
- Other factors increased equity by 28,665,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-21.39 Million | -16.11% |
| Share Repurchases | $9.10 Million | -6.85% |
| Share Issuances | $6.32 Million | +4.76% |
| Other Changes | $28.66 Million | +21.59% |
| Total Change | $- | 3.51% |
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: 1.54x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | $-1.45 | $2.21 | x |
| 2020-12-31 | $0.41 | $2.21 | x |
| 2021-12-31 | $0.94 | $2.21 | x |
| 2022-12-31 | $1.20 | $2.21 | x |
| 2023-12-31 | $1.22 | $2.21 | x |
| 2024-12-31 | $1.47 | $2.21 | x |
| 2025-12-31 | $1.44 | $2.21 | 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): -16.11%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -15.05%
- • Asset Turnover: 0.76x
- • Equity Multiplier: 1.40x
- Recent ROE (-16.11%) is above the historical average (-17.53%), 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 |
| 2025 | -16.11% | -15.05% | 0.76x | 1.40x | $-34.66 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: $882,347,926
- Average return on equity (ROE) among peers: -298.54%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Expensify Inc (EXFY) | $134.56 Million | 0.00% | 0.38x | $174.45 Million |
| Adobe Systems Incorporated (ADBE) | $1.86 Billion | 32.34% | 0.31x | $93.60 Billion |
| ADEIA CORP (ADEA) | $1.45 Billion | 10.11% | 0.86x | $2.81 Billion |
| Automatic Data Processing Inc (ADP) | $5.11 Billion | 21.52% | 2.57x | $104.75 Billion |
| Autodesk Inc (ADSK) | $296.90 Million | 20.95% | 0.36x | $44.39 Billion |
| AudioEye Inc (AEYE) | $307.24K | -3117.67% | 13.61x | $71.03 Million |
| Agilysys Inc (AGYS) | $29.20 Million | 1.37% | 2.96x | $2.81 Billion |
| BlockchAIn Digital Infrastructure, Inc (AIB) | $9.98 Million | 52.24% | 0.32x | $43.69 Million |
| Firefly Neuroscience, Inc. (AIFF) | $-3.01 Million | 0.00% | 0.00x | $24.73 Million |
| PowerFleet, Inc. (AIOT) | $67.08 Million | -6.22% | 0.04x | $375.83 Million |
| XIAO-I Corporation American Depositary Shares (AIXI) | $-6.63 Million | 0.00% | 0.00x | $8.14 Million |
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 engages in managing corporate cards, paying bills, generating invoices, collecting payments, and booking travel, as well as track and submit plans for individuals. It serves individuals and corporations, small and midsized businesses, … Read more