R&D expense · 2019–2025

Expensify R&D expense

$20.7M−16.1% · FY2025

Expensify (EXFY) reported $20.7M in R&D expense for fiscal 2025, −16.1% year on year.

$4.1M2019$6.7M2020$11.0M2021$13.7M2022$23.4M2023$24.6M2024$20.7M2025
Expensify — R&D expense, 2019–2025
Fiscal yearR&D expenseChangeFiling
FY20252025-12-31$20.7M−16.1%Open →
FY20242024-12-31$24.6M+5.4%Open →
FY20232023-12-31$23.4M+70.7%Open →
FY20222022-12-31$13.7M+24.6%Open →
FY20212021-12-31$11.0M+63.3%Open →
FY20202020-12-31$6.7M+63.7%Open →
FY20192019-12-31$4.1M—Open →

R&D expense — Research and development expense is what the company charged to R&D in the income statement for the year. Most companies report no R&D at all — the line is absent rather than zero — so this ranking covers the roughly 40% of filers that do.

Every row links to its own SEC filing · Fiscal year 2025 · Data as of September 25, 2026 · 2019–2025 compound annual growth +30.9%

R&D expense at companies of similar size

Full ranking by R&D expense →

Cite this page

Ready-made references for the figures on this page, as published on September 25, 2026.

Wikipedia

{{cite web |title=Expensify R&D expense |url=https://companiesranked.com/en/company/expensify/research-and-development-expense |website=CompaniesRanked |date=2026-09-25 |language=en}}

APA 7

CompaniesRanked. (September 25, 2026). Expensify R&D expense. CompaniesRanked. https://companiesranked.com/en/company/expensify/research-and-development-expense

BibTeX

@misc{companiesranked-en-company-expensify-research-and-development-expense-2026,
  author       = {{CompaniesRanked}},
  title        = {{Expensify R\&D expense}},
  year         = {2026},
  howpublished = {\url{https://companiesranked.com/en/company/expensify/research-and-development-expense}},
  note         = {Compiled from SEC EDGAR XBRL filings; data as of 2026-09-25},
  urldate      = {2026-09-25}
}

The filing itself

The numbers above are read from this document: 10-K · 0001476840-26-000009 · February 26, 2026

{{cite web |title=Expensify R&D expense — 10-K (0001476840-26-000009) |url=https://www.sec.gov/Archives/edgar/data/1476840/000147684026000009/exfy-20251231.htm |website=SEC EDGAR |publisher=U.S. Securities and Exchange Commission |date=2026-02-26}}

The figures are rebuilt with every data refresh, so the reference carries the publication date. Add your own access date if your style requires one.

← Expensify overview