Expensify, Inc. (EXFY) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Medium Risk
Moderate dilution risk
Last updated: May 07, 2026

Risk Assessment Details

Potential Dilution: 0.0% of current shares
Recent Dilution: 18.46% (2 years)
Historical Dilution Factor: moderate recent dilution
Outstanding Shares
84M
Potential Supply
0
Additional shares possible
Splits
None
Past 2 years

Summary

EXFY currently has 84.3M outstanding shares. with minimal authorized share overhang for future dilution. The company has diluted shareholders by 18.46% over the past 2 years through share issuances.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 07, 2026

10-Q filing | 84.3M shares outstanding

84M 0
Nov 06, 2025

10-Q filing | 80.8M shares outstanding

81M 0
Aug 07, 2025

10-Q filing | 80.5M shares outstanding

81M 0
May 08, 2025

10-Q filing | 80.4M shares outstanding

80M 0
Feb 27, 2025

10-K filing | 87.4M shares outstanding

87M 0
Nov 08, 2024

10-Q filing | 77.2M shares outstanding

77M 0
Sep 03, 2024

8-K filing: The Company repurchased 645,938 shares of Class A common stock from Barrett Trust LLC at a price of $2.33839 per share for an aggregate purchase price of $1,510,455.90, with the closing expected on or about September 3, 2024. ($1.51M proceeds)

77M 0
Aug 09, 2024

10-Q filing | 76.8M shares outstanding

77M 0
May 09, 2024

10-Q filing | 71.8M shares outstanding

72M 0
Feb 27, 2024

10-K filing | 70.6M shares outstanding

71M 0
Feb 14, 2024

8-K filing: Expensify, Inc. retired 284 shares of LT10 common stock and 29,307 shares of LT50 common stock, which were converted into 29,591 shares of Class A common stock.

1.1B 0
Nov 09, 2023

10-Q filing | 69.2M shares outstanding

69M 0
Aug 09, 2023

10-Q filing | 68.4M shares outstanding

68M 0
Aug 03, 2023

8-K filing: Expensify, Inc. retired 1,249 shares of LT10 common stock and 79 shares of LT50 common stock, which were converted into 1,328 shares of Class A common stock in connection with the forfeiture of unvested stock, reducing the total authorized shares by 1,328 to 1,059,993,930.

1.1B 0
Jun 23, 2023

8-K filing: Expensify, Inc. filed a Certificate of Retirement to retire 588 shares of LT10 common stock, which were converted into 588 shares of Class A common stock, reducing the total authorized number of shares to 1,059,995,258.

1.1B 0
May 09, 2023

10-Q filing | 68.5M shares outstanding

69M 0
Mar 08, 2023

10-K filing | 68.3M shares outstanding

68M 0
Feb 08, 2023

8-K filing: Expensify, Inc. retired 735 shares of LT10 common stock, which were converted into 735 shares of Class A common stock, reducing the total authorized number of shares by 735, resulting in a new total of 1,059,995,846 authorized shares.

1.1B 0
Nov 22, 2022

8-K filing: Expensify, Inc. retired 150 shares of LT50 common stock, which were converted into Class A common stock, reducing the total authorized number of shares of capital stock of the Company by 150 shares.

1.1B 0
Nov 14, 2022

10-Q filing | 68.6M shares outstanding

69M 0
Aug 12, 2022

10-Q filing | 68.3M shares outstanding

68M 0
Aug 05, 2022

8-K filing: Expensify, Inc. retired 1,769 shares of LT10 common stock, which were converted into Class A common stock and then retired, reducing the total authorized number of shares to 1,059,996,731.

1.1B 0
May 27, 2022

8-K filing: Expensify, Inc. retired 830 shares of LT50 common stock, which were converted into Class A common stock and subsequently retired, reducing the total authorized shares.

1.1B 0
May 16, 2022

10-Q filing | 68.0M shares outstanding

68M 0
Apr 27, 2022

8-K filing: Expensify, Inc. retired 670 shares of LT10 common stock, converting them into Class A common stock and reducing the total authorized number of shares by 670.

1B 0
Mar 31, 2022

10-K filing | 68.0M shares outstanding

68M 0
Dec 23, 2021

10-Q filing | 67.5M shares outstanding

68M 0
Nov 08, 2021

S-1/A filing: This S-1/A filing discusses lock-up agreements, potential release of securities, indemnification of underwriters, Nasdaq listing application, and stabilizing transactions by underwriters involving Class A common stock.

7.7M 0
Nov 01, 2021

S-1/A filing: This S-1/A filing relates to an offering of Class A common stock, with J.P. Morgan Securities LLC acting as underwriter. The filing discusses lock-up agreements, potential stabilizing transactions by underwriters, and indemnification agreements.

7.7M 0
Oct 18, 2021

S-1/A filing: This S-1/A filing relates to an initial public offering of Class A common stock, with the net proceeds intended for general corporate purposes, including working capital, operating expenses, capital expenditures, and discretionary cash bonuses to employees. The number of shares outstanding immediately after the offering will be based on 7,681,191 shares of Class A common stock as of June 30, 2021, excluding warrants and stock options.

7.7M 0
Oct 15, 2021

S-1 filing: This S-1 filing is for an initial public offering of Class A common stock, with the net proceeds intended for general corporate purposes and employee bonuses. The number of shares outstanding after the offering is based on 7,681,191 shares of Class A common stock outstanding as of June 30, 2021.

7.7M 0
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