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WM Technology vs Expensify: MAPS and EXFY compared
WM Technology is the larger company: $42.4M of revenue in its latest quarter (Q2 2026) against $33.0M for Expensify (Q3 2026). WM Technology is growing faster (-5% against -6% a year earlier). WM Technology is more profitable, with an operating margin of 5.5% against -8.1%.
Where the money goes: MAPS and EXFY
WM Technology (MAPS) · Q2 2026
WM Technology, Q2 2026: revenue $42.4M (-5% year over year), operating margin 5.5%, net earnings $2.0M, operating cash flow $8.2M. The chart follows the revenue to costs, profit and cash.
Expensify (EXFY) · Q3 2026
Expensify, Q3 2026: revenue $33.0M (-6% year over year), operating margin -8.1%, net loss $3.3M, operating cash flow $4.0M. The chart follows the revenue to costs, profit and cash.
| WM Technology (MAPS) | Expensify (EXFY) | |
|---|---|---|
| Latest quarter | Q2 2026 | Q3 2026 |
| Revenue | $42.4M | $33.0M |
| Revenue growth, Y/Y | -5% | -6% |
| Operating margin | 5.5% | -8.1% |
| Net earnings | $2.0M | −$3.3M |
| Net margin | 4.8% | -10.1% |
| Operating cash flow | $8.2M | $4.0M |
| Free cash flow | $3.5M | $3.8M |
Where the revenue comes from
WM Technology
- Subtotal: $39.9M (94%)
- Other ad solutions: $2.5M (6%)
Questions
Which is bigger, WM Technology or Expensify?
WM Technology is the larger company: $42.4M of revenue in its latest quarter (Q2 2026) against $33.0M for Expensify (Q3 2026).
Is WM Technology or Expensify growing faster?
WM Technology is growing faster (-5% against -6% a year earlier).
Which is more profitable, WM Technology or Expensify?
WM Technology is more profitable, with an operating margin of 5.5% against -8.1%.
More: WM Technology earnings · how WM Technology makes money · Expensify earnings · how Expensify makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 6, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.