Expensify (Expensify) EBIT : $-32.2 Mil (TTM As of Mar. 2024)

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What is Expensify EBIT?

Expensify's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $-1.8 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $-32.2 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Expensify's annualized ROC % for the quarter that ended in Mar. 2024 was -8.04%. Expensify's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -11.32%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Expensify's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -30.62%.

Expensify EBIT Historical Data

The historical data trend for Expensify's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Expensify EBIT Chart

Expensify Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

1.25

5.67

-10.25

-15.23

-33.15

Expensify Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
EBIT	Get a 7-Day Free Trial												-2.70	-9.56	-14.90	-5.99	-1.79

Competitive Comparison of Expensify's EBIT

For the Software - Application subindustry, Expensify's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Expensify's EV-to-EBIT Distribution in the Software Industry

For the Software industry and Technology sector, Expensify's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Expensify's EV-to-EBIT falls into.

Expensify EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-32.2 Mil.

Expensify (NAS:EXFY) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Expensify's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

	ROC % (Q: Mar. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Mar. 2024 ))	/ count )
=	-7.172 * ( 1 - -37.64% )	/	( (119.88	+	125.739)	/ 2 )
=	-9.8715408	/	122.8095
=	-8.04 %

where

	Invested Capital		(Q: Dec. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	176.784	-	9.394	-	( 47.51	-	max(0, 67.892	-	137.232	+	47.51	))
=	119.88

	Invested Capital		(Q: Mar. 2024 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	184.771	-	9.692	-	( 49.34	-	max(0, 70.319	-	143.188	+	49.34	))
=	125.739

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

Expensify's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2023		Q: Mar. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-7.172	/	( ( (20.807 + max(41.924, 0))	+	(20.092 + max(43.839, 0)) )	/	2 )
=	-7.172	/	( ( 62.731	+	63.931 )	/	2 )
=	-7.172	/	63.331
=	-11.32 %

where Working Capital is:

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(13.834	+	0	+	72.895)	-	(9.394	+	0	+	35.411)
=	41.924

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(13.557	+	0	+	77.541)	-	(9.692	+	0	+	37.567)
=	43.839

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Expensify's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	-32.238	/	105.291
	=	-30.62 %

Expensify EBIT Related Terms

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Expensify (Expensify) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Expensify Inc (NAS:EXFY) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

401 Southwest 5th Avenue, Portland, OR, USA, 97204

Website

https://www.expensify.com

Expensify Inc is a cloud-based expense management software platform that helps the smallest to the largest businesses simplify the way they manage money. Over 12 million people use Expensify's free features, which include corporate cards, expense tracking, next-day reimbursement, invoicing, bill pay, and travel booking in one app.

Executives

Anuradha Muralidharan	director, officer: Chief Operating Officer	C/O EXPENSIFY, INC., 401 SW 5TH AVENUE, PORTLAND OR 97204
Jason Fahr Mills	director	C/O EXPENSIFY, INC., 401 SW 5TH AVENUE, PORTLAND OR 97204
Daniel Vidal	director	C/O EXPENSIFY, INC., 401 SW 5TH AVENUE, PORTLAND OR 97204
David Michael Barrett	director, officer: Chief Executive Officer	C/O EXPENSIFY, INC., 401 SW 5TH AVENUE, PORTLAND OR 97204
Ryan Schaffer	director, officer: Chief Financial Officer	C/O EXPENSIFY, INC., 401 SW 5TH AVENUE, PORTLAND OR 97204
Timothy L Christen	director	715 SOUTH STREET, MAYVILLE WI 53050
Steven J. Mclaughlin	10 percent owner	277 PARK AVENUE 29TH FLOOR, SUITE B, NEW YORK NY 10172
Ying Liu	director	C/O EXPENSIFY, INC., 401 SW 5TH AVENUE, PORTLAND OR 97204
Sf Roofdeck Gp Llc	10 percent owner	1521 ALTON ROAD, #345, MIAMI BEACH FL 33139
Steven J. Mclaughlin Revocable Trust	10 percent owner	1521 ALTON ROAD, #345, MIAMI BEACH FL 33139
Exp 2020 Spv Lp	10 percent owner	1521 ALTON ROAD, #345, MIAMI BEACH FL 33139
Openview Management, Llc	10 percent owner	C/O OPENVIEW VENTURE PARTNERS, 303 CONGRESS STREET, 6TH FLOOR, BOSTON MA 02210
David Martirano	other: See Remarks	50 MILK STREET, 16TH FLOOR, BOSTON MA 02109
Demartini James G B Iii	10 percent owner	THREE LAGOON DRIVE, SUITE 400, REDWOOD CITY CA 94065
Unameit Trust Under Declaration Of Trust Dated March 10, 2000	10 percent owner	THREE LAGOON DRIVE, SUITE 400, REDWOOD CITY CA 94065