Expensify, Inc.

NasdaqGS:EXFY Stock Report

Market Cap: US$320.3m

Expensify Management

Management criteria checks 3/4

Expensify's CEO is David Barrett, appointed in Jan 2008, has a tenure of 16.92 years. total yearly compensation is $1.84M, comprised of 90.9% salary and 9.1% bonuses, including company stock and options. directly owns 8.54% of the company’s shares, worth $27.34M. The average tenure of the management team and the board of directors is 3.9 years and 3.1 years respectively.

Key information

David Barrett

Chief executive officer

US$1.8m

Total compensation

CEO salary percentage90.9%
CEO tenure16.9yrs
CEO ownership8.5%
Management average tenure3.9yrs
Board average tenure3.1yrs

Recent management updates

Recent updates

The Jury's Still Out On Expensify's Platform 2.0 Approach

Nov 13

Expensify, Inc. (NASDAQ:EXFY) Stock Catapults 32% Though Its Price And Business Still Lag The Industry

Nov 09
Expensify, Inc. (NASDAQ:EXFY) Stock Catapults 32% Though Its Price And Business Still Lag The Industry

Expensify, Inc.'s (NASDAQ:EXFY) Shares Bounce 28% But Its Business Still Trails The Industry

Aug 18
Expensify, Inc.'s (NASDAQ:EXFY) Shares Bounce 28% But Its Business Still Trails The Industry

Expensify: Staying Bullish On Good Performance And Favorable Prospects

Aug 13

Expensify, Inc.'s (NASDAQ:EXFY) Revenues Are Not Doing Enough For Some Investors

Jun 19
Expensify, Inc.'s (NASDAQ:EXFY) Revenues Are Not Doing Enough For Some Investors

Expensify: A Busted IPO To An Undervalued SaaS Micro-Cap

May 07

Expensify: A Company That Hopes To Turn The Corner In 2024

Apr 02

Expensify: Poor Execution And Outlook (Rating Downgrade)

Mar 05

There's No Escaping Expensify, Inc.'s (NASDAQ:EXFY) Muted Revenues Despite A 25% Share Price Rise

Mar 01
There's No Escaping Expensify, Inc.'s (NASDAQ:EXFY) Muted Revenues Despite A 25% Share Price Rise

Expensify May Have More Surprises In Store (Rating Upgrade)

Feb 27

Is Expensify (NASDAQ:EXFY) Using Debt In A Risky Way?

Feb 19
Is Expensify (NASDAQ:EXFY) Using Debt In A Risky Way?

Time To Worry? Analysts Just Downgraded Their Expensify, Inc. (NASDAQ:EXFY) Outlook

Nov 16
Time To Worry? Analysts Just Downgraded Their Expensify, Inc. (NASDAQ:EXFY) Outlook

The Market Doesn't Like What It Sees From Expensify, Inc.'s (NASDAQ:EXFY) Revenues Yet As Shares Tumble 38%

Nov 10
The Market Doesn't Like What It Sees From Expensify, Inc.'s (NASDAQ:EXFY) Revenues Yet As Shares Tumble 38%

An Intrinsic Calculation For Expensify, Inc. (NASDAQ:EXFY) Suggests It's 46% Undervalued

Mar 10
An Intrinsic Calculation For Expensify, Inc. (NASDAQ:EXFY) Suggests It's 46% Undervalued

An Intrinsic Calculation For Expensify, Inc. (NASDAQ:EXFY) Suggests It's 47% Undervalued

Nov 12
An Intrinsic Calculation For Expensify, Inc. (NASDAQ:EXFY) Suggests It's 47% Undervalued

Expensify GAAP EPS of -$0.10 misses by $0.02, revenue of $43.16M misses by $0.49M

Aug 11

Are Investors Undervaluing Expensify, Inc. (NASDAQ:EXFY) By 44%?

Aug 07
Are Investors Undervaluing Expensify, Inc. (NASDAQ:EXFY) By 44%?

CEO Compensation Analysis

How has David Barrett's remuneration changed compared to Expensify's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

-US$16m

Jun 30 2024n/an/a

-US$31m

Mar 31 2024n/an/a

-US$39m

Dec 31 2023US$2mUS$2m

-US$41m

Sep 30 2023n/an/a

-US$38m

Jun 30 2023n/an/a

-US$29m

Mar 31 2023n/an/a

-US$26m

Dec 31 2022US$2mUS$2m

-US$27m

Sep 30 2022n/an/a

-US$40m

Jun 30 2022n/an/a

-US$38m

Mar 31 2022n/an/a

-US$23m

Dec 31 2021US$20mUS$1m

-US$14m

Sep 30 2021n/an/a

US$4m

Jun 30 2021n/an/a

US$4m

Mar 31 2021n/an/a

US$285k

Dec 31 2020US$1mUS$933k

-US$2m

Compensation vs Market: David's total compensation ($USD1.84M) is about average for companies of similar size in the US market ($USD2.16M).

Compensation vs Earnings: David's compensation has increased whilst the company is unprofitable.

CEO

David Barrett (47 yo)

16.9yrs

Tenure

US$1,837,114

Compensation

Mr. David Barrett Founded Expensify, LLC in 2008 and serves as its Chief Executive Officer & Director since 2009 & serves as its President. Prior to Expensify, Mr. Barrett led engineering for Red Swoosh...

Leadership Team

NamePositionTenureCompensationOwnership
David Barrett
Founder16.9yrsUS$1.84m8.54%
$ 27.3m
Ryan Schaffer
CFO & Director7.9yrsUS$1.13m0.81%
$ 2.6m
Anuradha Muralidharan
COO & Director3.9yrsUS$943.51k0.28%
$ 899.2k
Jason Mills
Chief Product Officer & Director3.6yrsno data1.7%
$ 5.4m
Daniel Vidal
Chief Strategy Officer & Director3.6yrsno data0.56%
$ 1.8m
Cole Eason
Secretaryno datano datano data

3.9yrs

Average Tenure

40yo

Average Age

Experienced Management: EXFY's management team is considered experienced (3.9 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
David Barrett
Founder15.9yrsUS$1.84m8.54%
$ 27.3m
Ryan Schaffer
CFO & Director7.9yrsUS$1.13m0.81%
$ 2.6m
Anuradha Muralidharan
COO & Director3.1yrsUS$943.51k0.28%
$ 899.2k
Jason Mills
Chief Product Officer & Director3.1yrsno data1.7%
$ 5.4m
Daniel Vidal
Chief Strategy Officer & Director3.1yrsno data0.56%
$ 1.8m
Timothy Christen
Independent Director3.1yrsUS$202.30k0.15%
$ 488.9k
Ellen Pao
Independent Director3.1yrsUS$192.11k0.044%
$ 142.4k
Ying Liu
Independent Director3.1yrsUS$192.20k0.039%
$ 124.0k

3.1yrs

Average Tenure

44.5yo

Average Age

Experienced Board: EXFY's board of directors are considered experienced (3.1 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/23 15:46
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Expensify, Inc. is covered by 10 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Daniel JesterBMO Capital Markets Equity Research
Koji IkedaBofA Global Research
Steven EndersCitigroup Inc