EXFY (Expensify) Moat Score: 6/10 (As of Sep. 07, 2026)

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EXFY Expensify Inc EXFY
60 GF Score
Price $2.37
GF Value $1.74
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Expensify Moat Score?

Expensify EXFY -2.26% 60 Moat Score is 6 as of Sep. 07, 2026. GuruFocus rates EXFY with a GF Score™ of 60/100 and a GF Value™ of $1.74 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 2,823 Software companies, Expensify ranks better than 97.87% on this metric.

Expensify has the Moat Score of 6, which implies that the company might have Narrow Moat - Strong narrow moat, clearly distinguishable but not wide.

Expensify has Narrow Moat: Expensify Inc has a strong narrow moat due to its network effects and significant customer switching costs in expense management software. Its brand strength and innovation capabilities further support its competitive position.

Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more.

The company's Moat Score is based on these criteria:

1. Market leadership and sustainable market share
2. Network effects and significant customer switching costs
3. Valuable intellectual property and patents
4. Strong brand strength and deep customer loyalty
5. Durable cost advantages (e.g., economies of scale, proprietary technology)
6. Significant regulatory barriers and exclusive licenses
7. Superior distribution network
8. Strong and sustainable pricing power
9. Consistent and impactful innovation and R&D capabilities

Based on the research, GuruFocus believes Expensify might have Narrow Moat - Strong narrow moat, clearly distinguishable but not wide.

Expensify  (NAS:EXFY) Moat Score Explanation

The Moat Score ranges from 0 to 10, with 10 as the highest. GuruFocus divided Moat Score into following 8 categories:

Moat Score Moat Level
10Wide Moat - Exceptionally dominant and durable wide moat
8 - 9Wide Moat - Clear and robust wide moat
7Wide Moat - Entry-level wide moat, clearly possessing durable advantages
6Narrow Moat - Strong narrow moat, clearly distinguishable but not wide
5Narrow Moat - Solid narrow moat
4Narrow Moat - Discernible but modest moat
1 - 3No Moat - Very weak/transient advantages
0No Moat - No discernible moat

Expensify Moat Score Related Terms

EXFY vs SVCO, KLTR, IMMR: Moat Score Comparison

For the Software - Application subindustry, Expensify's Moat Score, along with its competitors' market caps and Moat Score 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 Moat Score vs Software Industry

For the Software industry and Technology sector, Expensify's Moat Score distribution charts can be found below:

* The bar in red indicates where Expensify's Moat Score falls into.


EXFY
60GF Score
Expensify Inc EXFY
Moat Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Frequently Asked Questions Learn more about Moat Score →
What does a Moat Score of 6 mean?
Expensify (EXFY) has a Moat Score of 6 as of Sep. 07, 2026. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. According to the industry distribution chart, Expensify ranks #60 out of 2823 companies in the Software industry, placing it in the top 2.1%.
Is Expensify's Moat Score too high?
Expensify's current Moat Score is 6. Based on the distribution chart, Expensify ranks #60 out of 2823 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Expensify has a GF Score™ of 60/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Expensify's Moat Score compare to SVCO and KLTR?
According to the Software industry distribution chart, Expensify ranks #60 out of 2823 companies for Moat Score. This places Expensify in the top 2% of its industry — outperforming the majority of peers. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Moat Score for a Software company?
A good Moat Score depends on the Software industry context. However, Moat Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Moat Score mean?
A high Moat Score can signal that a stock is expensive relative to its fundamentals. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. Expensify's current Moat Score is 6. 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 Significantly Overvalued. The stock's GF Value™ is $1.74, compared to a current price of $2.37 — trading 36.2% above its estimated fair value. The current Moat Score is 6. Expensify's overall GF Score™ is 60/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Moat Score calculated?
Moat Score is calculated from a company's financial statements. For Expensify (EXFY), the current Moat Score is 6 as of Sep. 07, 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 overvalued. The current stock price of $2.37 is trading 36.2% above its estimated GF Value™ of $1.74. GuruFocus considers Expensify to be Significantly Overvalued.

Key valuation signals for EXFY:

  • Moat Score: 6
  • GF Value™: $1.74 vs. price of $2.37 (36.2% above fair value)
  • GF Score™: 60/100 with 4 warning signs

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 Business Description

Address 88 Kearny Street, Suite 1600, San Francisco, CA, USA, 94108
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.
60GF Score

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Moat Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$2.37
Price
$1.74
GF Value