See more : Funding Circle Holdings plc (FCH.L) 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.
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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 |
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Remitly to Present at the 2024 Goldman Sachs Communacopia + Technology Conference
SEATTLE, Sept. 04, 2024 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ: RELY) (“Remitly”), a trusted provider of digital financial services that transcend borders, today announced that its management team will present at the 2024 Goldman Sachs Communacopia + Technology Conference
Wall Street Analysts See a 54.39% Upside in Remitly Global (RELY): Can the Stock Really Move This High?
The average of price targets set by Wall Street analysts indicates a potential upside of 54.4% in Remitly Global (RELY). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into...
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The consensus price target hints at a 74.4% upside potential for Remitly Global (RELY). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an...
Remitly Global, Inc. (RELY) Q2 2024 Earnings Call Transcript
Remitly Global, Inc. (NASDAQ:RELY ) Q2 2024 Earnings Conference Call July 31, 2024 5:00 PM ET Company Participants Stephen Shulstein – Vice President, Investor Relations Matt Oppenheimer – Co-Founder and Chief Executive Officer Hemanth Munipalli – Chief Financial Officer Conference...
Remitly Global, Inc. (RELY) Reports Q2 Loss, Tops Revenue Estimates
Remitly Global, Inc. (RELY) came out with a quarterly loss of $0.06 per share versus the Zacks Consensus Estimate of a loss of $0.10. This compares to loss of $0.11 per share a year ago.
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SEATTLE, July 31, 2024 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ: RELY), a trusted provider of digital financial services that transcend borders, today announced the appointment of seasoned finance executive Vikas Mehta as Chief Financial Officer, succeeding Hemanth Munipalli, effective...
Remitly Reports Second Quarter 2024 Results
Active customers up 36% year over year Revenue up 31% year over year Net loss improved 36% year over year; Adjusted EBITDA up 23% year over year
Remitly to Report Second Quarter Financial Results on Wednesday, July 31, 2024
SEATTLE, July 19, 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 second quarter 2024 financial results after the market close on Wednesday,...
Shareholders Of Remitly Global Inc Are Urged To Communicate As The Schall Law Firm Is Embarking On A Review Of Claims Against It
LOS ANGELES, CA / ACCESSWIRE / July 1, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Remitly Global, Inc. ("Remitly" or "the Company") (NASDAQ:RELY) for...
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