See more : Kaynes Technology India Limited (KAYNES.BO) Income Statement Analysis – Financial Results
Complete financial analysis of Remitly Global, Inc. (RELY) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Remitly Global, Inc., a leading company in the Software – Infrastructure industry within the Technology sector.
You may be interested
- Vectus Biosystems Limited (VBS.AX) Income Statement Analysis – Financial Results
- Inversiones Aguas Metropolitanas S.A. (IAM.SN) Income Statement Analysis – Financial Results
- Kollect on Demand Holding AB (publ) (KOLL.ST) Income Statement Analysis – Financial Results
- Helpage Finlease Limited (HELPAGE.BO) Income Statement Analysis – Financial Results
- Kaori Heat Treatment Co., Ltd. (8996.TW) Income Statement Analysis – Financial Results
Remitly Global, Inc. (RELY)
About Remitly Global, Inc.
Remitly Global, Inc. provides digital financial services for immigrants and their families. It primarily offers cross-border remittance services in approximately 150 countries. The company was incorporated in 2011 and is headquartered in Seattle, Washington.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2006 | 2005 | 2004 | 2003 | 2002 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 944.29M | 653.56M | 458.61M | 256.96M | 126.57M | 1.35B | 1.25B | 1.15B | 42.05M | 43.51M | 43.93M | 16.50M | 0.00 | 0.00 | 637.73M | 0.00 | 0.00 | 0.00 | 143.00M |
| Cost of Revenue | 410.89M | 326.93M | 237.13M | 135.84M | 73.30M | 1.29B | 1.18B | 1.07B | 25.70M | 23.43M | 22.71M | 9.99M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 533.40M | 326.63M | 221.47M | 121.11M | 53.26M | 59.10M | 66.70M | 74.90M | 16.35M | 20.08M | 21.22M | 6.51M | 0.00 | 0.00 | 637.73M | 0.00 | 0.00 | 0.00 | 143.00M |
| Gross Profit Ratio | 56.49% | 49.98% | 48.29% | 47.13% | 42.08% | 4.39% | 5.34% | 6.54% | 38.87% | 46.16% | 48.30% | 39.47% | 0.00% | 0.00% | 100.00% | 0.00% | 0.00% | 0.00% | 100.00% |
| Research & Development | 219.94M | 138.72M | 64.09M | 40.78M | 32.01M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 179.37M | 131.25M | 70.94M | 31.66M | 25.66M | 52.30M | 61.00M | 56.00M | 18.85M | 17.74M | 17.13M | 5.21M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 234.42M | 170.97M | 120.91M | 73.80M | 43.54M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 413.79M | 302.22M | 191.85M | 105.46M | 69.20M | 52.30M | 61.00M | 56.00M | 18.85M | 17.74M | 17.13M | 5.21M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Expenses | 14.39M | 6.72M | 5.26M | 4.06M | 2.66M | 2.40M | 2.40M | 2.00M | 28.84M | 31.24M | 29.22M | 27.34M | -32.86M | -28.64M | 647.02M | -367.57M | -357.16M | -219.13M | 40.81M |
| Operating Expenses | 646.85M | 447.66M | 261.20M | 150.30M | 103.87M | 54.70M | 63.40M | 58.00M | 47.69M | 48.98M | 46.35M | 32.55M | -32.86M | -28.64M | 647.02M | -367.57M | -357.16M | -219.13M | 40.81M |
| Cost & Expenses | 1.06B | 774.60M | 498.33M | 286.14M | 177.17M | 1.34B | 1.25B | 1.13B | 73.39M | 72.41M | 69.07M | 42.53M | -32.86M | -28.64M | 647.02M | -367.57M | -357.16M | -219.13M | 40.81M |
| Interest Income | 7.45M | 4.15M | 140.00K | 273.00K | 1.11M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 2.35M | 1.30M | 1.26M | 1.19M | 1.61M | 200.00K | 34.70M | 33.40M | 905.00K | 3.94M | 4.16M | 3.88M | -19.35M | -4.68M | 64.28M | 340.70M | 202.57M | 155.40M | 4.36M |
| Depreciation & Amortization | 13.12M | 770.80M | 498.33M | 286.14M | 177.17M | 52.70M | 54.80M | 46.00M | 1.31M | 1.93M | 3.13M | 2.07M | 83.00K | 192.00K | 33.43M | 119.71M | 32.19M | 19.18M | -4.36M |
| EBITDA | -96.47M | -104.95M | -31.20M | -25.12M | -46.87M | -76.60M | -14.00M | 63.40M | 3.04M | -4.00M | 409.00K | -9.46M | -32.78M | -28.45M | 88.42M | 447.66M | 340.59M | 603.69M | 97.83M |
| EBITDA Ratio | -10.22% | -16.06% | -6.80% | -10.18% | -37.03% | -5.69% | -1.12% | 5.53% | 7.23% | -9.20% | 0.93% | -57.32% | 0.00% | 0.00% | 13.86% | 0.00% | 0.00% | 0.00% | 68.41% |
| Operating Income | -114.20M | -121.04M | -39.72M | -29.18M | -50.60M | -129.30M | -68.80M | 17.40M | 1.73M | -5.93M | -2.72M | -11.52M | -32.86M | -28.64M | 54.99M | 327.95M | 308.41M | 584.51M | 102.19M |
| Operating Income Ratio | -12.09% | -18.52% | -8.66% | -11.36% | -39.98% | -9.60% | -5.51% | 1.52% | 4.11% | -13.62% | -6.20% | -69.84% | 0.00% | 0.00% | 8.62% | 0.00% | 0.00% | 0.00% | 71.46% |
| Total Other Income/Expenses | 2.26M | 8.06M | 2.01M | -2.22M | -531.00K | 700.00K | -35.00M | -58.20M | -3.26M | -3.94M | -663.00K | -453.00K | 19.35M | 19.76M | -64.28M | 221.00M | 293.26M | -155.40M | 71.51M |
| Income Before Tax | -111.94M | -112.98M | -37.71M | -31.40M | -51.13M | -128.60M | -103.80M | -40.80M | -1.53M | -9.87M | -3.39M | -11.97M | -13.51M | -8.88M | -9.29M | 548.94M | 601.67M | 429.11M | 173.70M |
| Income Before Tax Ratio | -11.85% | -17.29% | -8.22% | -12.22% | -40.40% | -9.55% | -8.31% | -3.56% | -3.64% | -22.69% | -7.71% | -72.59% | 0.00% | 0.00% | -1.46% | 0.00% | 0.00% | 0.00% | 121.47% |
| Income Tax Expense | 5.90M | 1.04M | 1.04M | 1.16M | 259.00K | -7.80M | -600.00K | -9.10M | -4.68M | 163.00K | 580.00K | -2.63M | 150.00K | -4.68M | 64.28M | -221.00M | -247.91M | 155.40M | 71.51M |
| Net Income | -117.84M | -114.02M | -38.76M | -32.56M | -51.39M | -120.80M | -103.20M | -31.70M | 3.15M | -10.03M | -3.97M | -9.35M | -13.66M | -4.20M | -73.56M | 769.94M | 849.58M | 273.72M | 102.19M |
| Net Income Ratio | -12.48% | -17.45% | -8.45% | -12.67% | -40.60% | -8.97% | -8.26% | -2.77% | 7.49% | -23.06% | -9.03% | -56.65% | 0.00% | 0.00% | -11.54% | 0.00% | 0.00% | 0.00% | 71.46% |
| EPS | -0.65 | -0.68 | -0.24 | -0.20 | -0.32 | -4.17 | -3.57 | -1.09 | 0.23 | -0.83 | -0.33 | -0.08 | -0.12 | -0.04 | -0.45 | 4.69 | 5.18 | 1.67 | 0.62 |
| EPS Diluted | -0.65 | -0.68 | -0.24 | -0.20 | -0.32 | -4.17 | -3.57 | -1.09 | 0.22 | -0.83 | -0.03 | -0.08 | -0.12 | -0.04 | -0.45 | 4.69 | 5.18 | 1.67 | 0.62 |
| Weighted Avg Shares Out | 180.82M | 167.77M | 164.24M | 162.65M | 162.65M | 28.97M | 28.95M | 29.20M | 13.40M | 12.15M | 12.15M | 115.88M | 115.88M | 115.88M | 164.11M | 164.11M | 164.11M | 164.11M | 164.11M |
| Weighted Avg Shares Out (Dil) | 180.82M | 167.77M | 164.24M | 162.65M | 162.65M | 28.97M | 28.95M | 29.20M | 14.40M | 12.15M | 116.12M | 115.88M | 115.88M | 115.88M | 164.11M | 164.11M | 164.11M | 164.11M | 164.11M |
Remitly to Report Fourth Quarter and Full Year 2023 Financial Results on Wednesday, February 21, 2024
SEATTLE, Feb. 09, 2024 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ: RELY) (“Remitly”), a trusted provider of digital financial services that transcend borders, today announced that it will report fourth quarter and full year 2023 financial results after the market...
Buy Remitly As Fears Around Marketing Spend Are Unfounded
Remitly's stock fell significantly post-3Q earnings despite a revenue and EBITDA beat. Investors are concerned about the lack of EBITDA flow through in the guidance and increased marketing investments. Analysis shows that RELY continues to see strong returns on user...
3 Stocks to Buy BEFORE They Become Household Names
Steve Symington is a long-time contributor to The Motley Fool. Over the years, he's written more than 8,000 articles for the publication.
Remitly: A Digital-First Fintech Disrupting The Remittances Sector
Remitly Global is a digital-first fintech company that provides international money transfer services to over 170 countries. The company has experienced significant revenue growth and increased its active customer base by 47% year-on-year since 2019. Despite recent stock price fluctuations,...
Why Remitly Global Stock Lost 20% in November
Remitly beat top-line estimates in its Q3 report but missed on the bottom line. The company raised its guidance for the full year.
2 No-Brainer Buys During a Stock Market Crash
Stocks have rebounded this year, but stock market crashes tend to be caused by unforeseen events. MercadoLibre has proven its mettle in recent years and is growing rapidly on the top and bottom lines.
Visa and Remitly Expand Collaboration to Digitally Streamline Global Remittance Market
Yanilsa Gonzalez-Ore, North America Head of Visa Direct and Global Ecosystem Readiness, and Remitly's CEO Matt Oppenheimer told PYMNTS cross-border money transfers are ripe for app-driven, digital modernization.
Why Remitly Stock Plunged Today
Remitly beat top-line estimates and raised its guidance. A bottom-line miss and weak sequential comparisons seemed to sink the stock.
Remitly Global, Inc. (RELY) Q3 2023 Earnings Conference Call Transcript
Remitly Global, Inc. (NASDAQ:RELY ) Q3 2023 Earnings Conference Call November 1, 2023 5:00 PM ET Company Participants Stephen Shulstein - VP of IR Matt Oppenheimer - Co-Founder and CEO Hemanth Munipalli - CFO Conference Call Participants Andrew Schmidt -...
3 Russell 2000 Stocks That Are Poised for Explosive Growth
Russell 2000 stocks often fly under the radar, overshadowed by their larger counterparts in the S&P 500. However, for discerning investors, this index presents many growth opportunities.
Source: https://incomestatements.info
Category: Stock Reports