Expensify, Inc. (EXFY)

Services-Prepackaged Software

Latest Price

$2.25

TTM P/E

Normalized P/E

Div Yield

Book Value

1.42

P/B Ratio

1.58

Valuation metrics

Base FCF: $20M (median of recent 5yr)

Growth: 5%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$4.39

+95% upside

23.4% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
Parallel Advisors, LLC	2.66M	$4.0M	2.79%	--	2026-06-30
Vanguard Capital Management LLC	2.36M	$4.0M	2.47%	+53.5K	2026-06-30
AQR Capital Management LLC	2.09M	$3.0M	2.19%	+1.26M	2026-06-30
Palogic Value Management, L.P.	1.77M	$3.0M	1.85%	-754.1K	2026-06-30
CastleKnight Management LP	1.73M	$3.0M	1.81%	--	2026-06-30
Vanguard Portfolio Management LLC	1.17M	$2.0M	1.23%	-801.1K	2026-06-30
BlackRock, Inc.	1.11M	$1.0M	1.16%	-2.89M	2026-06-30
Jane Street Group, LLC	1.03M	$1.0M	1.08%	+1.01M	2026-06-30
Marshall Wace, LLP	751.8K	$1.0M	0.79%	-162.5K	2026-06-30
Renaissance Technologies LLC	746.7K	$1.0M	0.78%	+21.7K	2026-06-30