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ExpensifyEXFY 62 Market Cap is $171.7 Mil as of Jul. 21, 2026. GuruFocus rates EXFY with a GF Score™ of 62/100 and a GF Value™ of $1.82 (Fairly Valued). The stock has 4 warning signs investors should review. Among 2,937 Software companies, Expensify ranks better than 62.21% on this metric.
Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). Expensify's share price for the quarter that ended in Mar. 2026 was $0.8699. Expensify's Shares Outstanding (EOP) for the quarter that ended in Mar. 2026 was 96.4 Mil. Therefore, Expensify's market cap for the quarter that ended in Mar. 2026 was $83.9 Mil.
Expensify's quarterly market cap
declined
from Sep. 2025 ($172.1 Mil) to Dec. 2025 ($140.5 Mil) and
declined
from Dec. 2025 ($140.5 Mil) to Mar. 2026 ($83.9 Mil).
Expensify's annual market cap
increased
from Dec. 2023 ($210.5 Mil) to Dec. 2024 ($306.1 Mil) but then
declined
from Dec. 2024 ($306.1 Mil) to Dec. 2025 ($140.5 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. Expensify's Enterprise Value for Today is $110.7 Mil.
Expensify (NAS:EXFY) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
Expensify Market Cap Related Terms
Expensify Market Cap Historical Data
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The historical data trend for Expensify's Market Cap 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.
For the Software - Application subindustry, Expensify's Market Cap, along with its competitors' market caps and Market Cap 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 Market Cap vs Software Industry
For the Software industry and Technology sector, Expensify's Market Cap distribution charts can be found below:
* The bar in red indicates where Expensify's Market Cap falls into.
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
Expensify's Market Cap for the fiscal year that ended in Dec. 2025 is calculated as
* 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.
Expensify (EXFY) has a Market Cap of $171.7 Mil as of Jul. 21, 2026. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on Expensify and its competitors. According to the industry distribution chart, Expensify ranks #1110 out of 2937 companies in the Software industry, placing it in the top 37.8%.
Is Expensify's Market Cap too high?
Expensify's current Market Cap is $171.7 Mil. The Software industry median Market Cap is 66.22. Expensify's value of $171.7 Mil is 159.3% above this industry median. Based on the distribution chart, Expensify ranks #1110 out of 2937 companies in the Software industry, which is above the industry midpoint. Overall, Expensify has a GF Score™ of 62/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Expensify's Market Cap compare to RTB and DHX?
According to the Software industry distribution chart, Expensify ranks #1110 out of 2937 companies for Market Cap. This puts Expensify in the upper half of its industry. The industry median Market Cap is 66.22. Expensify's value of $171.7 Mil is 159.3% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Market Cap for a Software company?
The median Market Cap among Software companies is 66.22, based on 2,937 companies in the industry. Companies in the top quartile (top 25%) have a Market Cap significantly above this median, while those in the bottom quartile fall well below. However, Market Cap should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Expensify's current Market Cap of $171.7 Mil is 159.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Market Cap mean?
A high Market Cap can signal that a stock is expensive relative to its fundamentals. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on Expensify and its competitors. For the Software industry, the median Market Cap is 66.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Expensify's current Market Cap is $171.7 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Expensify stock overvalued right now?
Based on GuruFocus' analysis, Expensify (EXFY) is currently considered Fairly Valued. The stock's GF Value™ is $1.82, compared to a current price of $1.78 — trading 2.2% below its estimated fair value. The current Market Cap is $171.7 Mil and 159.3% above the Software industry median of 66.22. Expensify's overall GF Score™ is 62/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Market Cap calculated?
Market Cap is calculated from a company's financial statements. For Expensify (EXFY), the current Market Cap is $171.7 Mil as of Jul. 21, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Expensify (EXFY) Overvalued in 2026?
Based on GuruFocus' analysis, Expensify stock appears to be undervalued.
The current stock price of $1.78 is trading 2.2% below its estimated GF Value™ of $1.82.
GuruFocus considers Expensify to be Fairly Valued.
Key valuation signals for EXFY:
Market Cap: $171.7 Mil
GF Value™: $1.82 vs. price of $1.78 (2.2% below fair value)
Industry Position: 159.3% above the Software median (#1110 of 2937)
No single metric tells the full story. See the EXFY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Expensify Inc is a cloud-based expense management software platform that helps various businesses simplify the way to manage money. It is used to scan and reimburse receipts from flights, hotels, coffee shops, office supplies and ride shares. People use Expensify's free features, which include corporate cards, expense tracking, next-day reimbursement, invoicing, bill pay and travel booking in one app. Small and medium-sized businesses (SMBs) are the cornerstone of the global economy, making up almost all businesses and the majority of employment in Organization for Economic Co-operation and Development (OECD) member countries.
62GF Score
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