See more : Pacific Vegas Global Strategies, Inc. (PVEG) 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 |
Remitly Appoints Ronit Peled as Chief People Officer
SEATTLE, May 07, 2024 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ: RELY), a trusted provider of digital financial services that transcend borders, today announced the appointment of Ronit Peled as Chief People Officer. "We are thrilled to welcome Ronit Peled...
SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Remitly Global, Inc. - RELY
NEW YORK , May 6, 2024 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Remitly Global, Inc. ("Remitly" or the "Company") (NASDAQ: RELY). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext.
INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Remitly Global, Inc. and Encourages Investors to Contact the Firm
LOS ANGELES, CA / ACCESSWIRE / May 6, 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...
IMPORTANT INVESTOR ALERT: The Schall Law Firm Announces it is Investigating Claims Against Remitly Global, Inc. and Encourages Investors to Contact the Firm
LOS ANGELES, CA / ACCESSWIRE / May 2, 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...
Why Remitly Global Stock Was Sliding Today
Remitly posted solid results in the quarter, but missed top-line estimates. The company maintained its revenue guidance, but raised its full-year EBITDA forecast.
Remitly Global, Inc. (RELY) Q1 2024 Earnings Call Transcript
Remitly Global, Inc. (NASDAQ:RELY ) Q1 2024 Earnings Conference Call May 1, 2024 5:00 PM ET Company Participants Stephen Shulstein - VP, IR Matt Oppenheimer - Co-Founder and CEO Hemanth Munipalli - CFO Conference Call Participants Andrew Schmidt - Citi...
Remitly Global, Inc. (RELY) Reports Q1 Loss, Tops Revenue Estimates
Remitly Global, Inc. (RELY) came out with a quarterly loss of $0.11 per share versus the Zacks Consensus Estimate of a loss of $0.14. This compares to loss of $0.16 per share a year ago.
Remitly Reports First Quarter 2024 Results
Active customers up 36% year over year Send volume up 34% year over year Revenue up 32% year over year
Remitly to Report First Quarter Financial Results on Wednesday, May 1, 2024
SEATTLE, April 17, 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 first quarter 2024 financial results after the market close on Wednesday,...
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Source: https://incomestatements.info
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