Quick Answer
Expensify, Inc. reported R&D Expense of $20.68 million for fiscal year 2025.
Expensify, Inc. R&D Expense — Annual History
| Fiscal Year | R&D Expense | YoY Change |
|---|---|---|
| 2025 | $20.68M | -16.1% |
| 2024 | $24.64M | +5.4% |
| 2023 | $23.37M | +70.7% |
| 2022 | $13.69M | +24.6% |
| 2021 | $10.99M | +63.3% |
| 2020 | $6.73M | +63.7% |
| 2019 | $4.11M | — |
Quarterly R&D Expense
| Quarter Ending | R&D Expense | YoY | QoQ |
|---|---|---|---|
| September 30, 2025 | $4.91M | -12.7% | -4.9% |
| June 30, 2025 | $5.16M | -19.3% | -3.7% |
| March 31, 2025 | $5.36M | -9.6% | -4.6% |
| September 30, 2024 | $5.62M | -15.0% | -12.1% |
| June 30, 2024 | $6.39M | +25.4% | +7.8% |
| March 31, 2024 | $5.93M | +9.4% | -10.3% |
| September 30, 2023 | $6.61M | +93.4% | +29.7% |
| June 30, 2023 | $5.09M | +42.1% | -6.0% |
- Expensify, Inc. showed a decrease of -16.1% in R&D Expense compared to the prior fiscal year.
- Over the 2019–2025 period, Expensify, Inc.’s r&d expense has grown by 403.2% (from $4.11 million to $20.68 million).
- The most recent figure is from Expensify, Inc.’s fiscal year 2025 report (Form 10-K), filed with the SEC on February 26, 2026.
- All figures are sourced from SEC EDGAR XBRL filings, last verified June 17, 2026.
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