Expensify annual r&d spending
2019
2020
2021
2022
2023
2024
2025
Expensify R&D Spending Growth & History (EXFY)
Expensify's r&d spending was $20.7M for fiscal 2025.
View full Expensify company overviewExpensify annual r&d spending history
| Fiscal year | Period ended | R&D spending | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $20.7M | −$4.0M | −16.05% |
| 2024 | 2024-12-31 | $24.6M | $1.3M | +5.43% |
| 2023 | 2023-12-31 | $23.4M | $9.7M | +70.67% |
| 2022 | 2022-12-31 | $13.7M | $2.7M | +24.61% |
| 2021 | 2021-12-31 | $11.0M | $4.3M | +63.32% |
| 2020 | 2020-12-31 | $6.7M | $2.6M | +63.70% |
| 2019 | 2019-12-31 | $4.1M | — | — |
Expensify quarterly r&d spending
Q3.20
Q1.21
Q2.21
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | R&D spending | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $5.0M | −$175,000 | −3.39% |
| Q1 2026 | 2026-03-31 | $5.3M | −$93,000 | −1.74% |
| Q4 2025 | 2025-12-31 | $5.3M | −$1.4M | −21.49% |
| Q3 2025 | 2025-09-30 | $4.9M | −$713,000 | −12.69% |
| Q2 2025 | 2025-06-30 | $5.2M | −$1.2M | −19.27% |
| Q1 2025 | 2025-03-31 | $5.4M | −$571,000 | −9.63% |
| Q4 2024 | 2024-12-31 | $6.7M | $453,000 | +7.25% |
| Q3 2024 | 2024-09-30 | $5.6M | −$989,000 | −14.97% |
| Q2 2024 | 2024-06-30 | $6.4M | $1.3M | +25.42% |
| Q1 2024 | 2024-03-31 | $5.9M | $511,000 | +9.43% |
| Q4 2023 | 2023-12-31 | $6.2M | $3.3M | +108.93% |
| Q3 2023 | 2023-09-30 | $6.6M | $3.2M | +93.41% |
| Q2 2023 | 2023-06-30 | $5.1M | $1.5M | +42.13% |
| Q1 2023 | 2023-03-31 | $5.4M | $1.7M | +46.39% |
| Q4 2022 | 2022-12-31 | $3.0M | $141,000 | +4.95% |
| Q3 2022 | 2022-09-30 | $3.4M | $1.2M | +57.64% |
| Q2 2022 | 2022-06-30 | $3.6M | −$1.3M | −26.47% |
| Q1 2022 | 2022-03-31 | $3.7M | $2.6M | +237.37% |
| Q4 2021 | 2021-12-31 | $2.9M | — | — |
| Q3 2021 | 2021-09-30 | $2.2M | −$101,000 | −4.45% |
| Q2 2021 | 2021-06-30 | $4.9M | — | — |
| Q1 2021 | 2021-03-31 | $1.1M | — | — |
| Q3 2020 | 2020-09-30 | $2.3M | — | — |
Expensify r&d spending trends
Over the last five fiscal years, Expensify's r&d spending increased from $6.7M to $20.7M, a change of $14.0M. The latest reported quarter, Q2 2026, shows $5.0M.
About the metric
What research and development spending means
Research and development (R&D) spending covers the costs of creating and improving products, services, software, technologies, and processes. Higher R&D spending may support future innovation, but the amount alone does not show whether those investments will generate returns.
Calculation and source
SEC-reported R&D expense
TickerStat standardizes research and development expense reported in company SEC filings, including the software-specific US-GAAP R&D concept when it is the filer’s primary R&D expense line. It is historical company-reported spending, not an estimate or forecast. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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