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Remitly Global (RELY) Financials

Remitly Global logo
$20.19 -0.20 (-0.98%)
Closing price 04:00 PM Eastern
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$20.50 +0.31 (+1.54%)
As of 07:41 PM Eastern
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Annual Income Statements for Remitly Global

Annual Income Statements for Remitly Global

This table shows Remitly Global's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2019 2020 2021 2022 2023 2024
Net Income / (Loss) Attributable to Common Shareholders
-64 -33 -39 -114 -118 -37
Consolidated Net Income / (Loss)
-51 -33 -39 -114 -118 -37
Net Income / (Loss) Continuing Operations
-51 -33 -39 -114 -118 -37
Total Pre-Tax Income
-51 -31 -38 -113 -112 -30
Total Operating Income
-51 -29 -40 -121 -114 -39
Total Gross Profit
53 121 221 327 533 748
Total Revenue
127 257 459 654 944 1,264
Operating Revenue
127 257 459 654 944 1,264
Total Cost of Revenue
73 136 237 327 412 516
Operating Cost of Revenue
73 136 237 327 412 516
Total Operating Expenses
104 150 261 448 647 788
Selling, General & Admin Expense
26 32 71 131 179 196
Marketing Expense
44 74 121 171 234 304
Research & Development Expense
32 41 64 139 220 270
Depreciation Expense
2.66 4.06 5.26 6.72 13 18
Total Other Income / (Expense), net
-0.53 -2.22 2.01 8.06 2.26 8.84
Interest Expense
1.61 1.19 1.26 1.30 2.35 3.24
Interest & Investment Income
1.11 0.27 0.14 4.15 7.45 8.08
Other Income / (Expense), net
-0.03 -1.30 3.13 5.21 -2.84 4.00
Income Tax Expense
0.26 1.16 1.04 1.04 5.90 6.73
Basic Earnings per Share
($2.98) ($1.52) ($0.64) ($0.68) ($0.65) ($0.19)
Weighted Average Basic Shares Outstanding
21.29M 21.46M 60.73M 167.77M 180.82M 194.65M
Diluted Earnings per Share
($2.98) ($1.52) ($0.64) ($0.68) ($0.65) ($0.19)
Weighted Average Diluted Shares Outstanding
21.29M 21.46M 60.73M 167.77M 180.82M 194.65M
Weighted Average Basic & Diluted Shares Outstanding
- - 166.08M 174.19M 188.51M 200.61M

Quarterly Income Statements for Remitly Global

This table shows Remitly Global's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Net Income / (Loss) Attributable to Common Shareholders
-33 -19 -28 -19 -36 -35 -21 -12 1.92 -5.72
Consolidated Net Income / (Loss)
-33 -19 -28 -19 -36 -35 -21 -12 1.92 -5.72
Net Income / (Loss) Continuing Operations
-33 -19 -28 -19 -36 -35 -21 -12 1.92 -5.72
Total Pre-Tax Income
-33 -20 -28 -19 -35 -30 -20 -8.80 3.77 -5.14
Total Operating Income
-36 -23 -28 -18 -37 -31 -20 -16 0.37 -3.74
Total Gross Profit
81 100 110 132 135 156 159 179 199 211
Total Revenue
169 191 204 234 242 265 269 306 337 352
Operating Revenue
169 191 204 234 242 265 269 306 337 352
Total Cost of Revenue
88 91 94 102 107 109 110 128 137 140
Operating Cost of Revenue
88 91 94 102 107 109 110 128 137 140
Total Operating Expenses
117 123 138 151 172 187 179 194 199 215
Selling, General & Admin Expense
36 35 41 39 50 49 44 46 51 55
Marketing Expense
43 43 44 54 61 75 68 77 75 84
Research & Development Expense
36 43 49 54 57 59 63 68 68 71
Depreciation Expense
1.84 1.85 3.03 3.19 3.42 3.48 3.68 3.91 4.66 5.81
Total Other Income / (Expense), net
2.84 3.04 0.12 -0.77 1.51 1.40 -0.13 6.96 3.40 -1.40
Interest Expense
0.33 0.33 0.39 0.59 0.59 0.79 0.77 0.75 0.76 0.97
Interest & Investment Income
1.40 2.27 2.02 1.37 1.81 2.25 2.23 1.94 2.07 1.84
Other Income / (Expense), net
1.77 1.09 -1.51 -1.55 0.28 -0.06 -1.59 5.76 2.09 -2.27
Income Tax Expense
0.29 -0.43 0.37 -0.14 0.26 5.42 1.00 3.29 1.85 0.59
Basic Earnings per Share
($0.20) ($0.11) ($0.16) ($0.11) ($0.20) ($0.18) ($0.11) ($0.06) $0.01 ($0.03)
Weighted Average Basic Shares Outstanding
168.60M 167.77M 175.11M 179.08M 182.60M 180.82M 189.85M 193.45M 196.17M 194.65M
Diluted Earnings per Share
($0.20) ($0.11) ($0.16) ($0.11) ($0.20) ($0.18) ($0.11) ($0.06) $0.01 ($0.03)
Weighted Average Diluted Shares Outstanding
168.60M 167.77M 175.11M 179.08M 182.60M 180.82M 189.85M 193.45M 205.25M 194.65M
Weighted Average Basic & Diluted Shares Outstanding
170.66M 174.19M 177.95M 181.20M 185.16M 188.51M 192.48M 195.14M 198.06M 200.61M

Annual Cash Flow Statements for Remitly Global

This table details how cash moves in and out of Remitly Global's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2019 2020 2021 2022 2023 2024
Net Change in Cash & Equivalents
119 4.56 215 -103 24 45
Net Cash From Operating Activities
8.44 -114 -18 -109 -54 194
Net Cash From Continuing Operating Activities
8.44 -114 -18 -109 -54 194
Net Income / (Loss) Continuing Operations
-51 -33 -39 -114 -118 -37
Consolidated Net Income / (Loss)
-51 -33 -39 -114 -118 -37
Depreciation Expense
2.66 4.06 5.26 6.72 13 18
Non-Cash Adjustments To Reconcile Net Income
3.18 -85 -11 -68 -72 248
Changes in Operating Assets and Liabilities, net
54 -1.05 27 67 124 -35
Net Cash From Investing Activities
-7.21 -4.37 -4.53 -7.31 -50 -18
Net Cash From Continuing Investing Activities
-7.21 -4.37 -4.53 -7.31 -50 -18
Purchase of Property, Plant & Equipment
-7.21 -4.37 -4.53 -7.06 -9.10 -18
Acquisitions
- 0.00 0.00 -0.25 -41 0.00
Net Cash From Financing Activities
117 122 238 15 127 -127
Net Cash From Continuing Financing Activities
117 122 238 15 127 -127
Repayment of Debt
6.23 35 -81 -0.38 -651 -1,583
Issuance of Debt
0.00 0.00 3.06 0.00 764 1,453
Issuance of Common Equity
0.00 0.00 305 3.52 6.13 9.38
Other Financing Activities, net
1.03 2.38 8.35 11 7.59 -6.82
Effect of Exchange Rate Changes
0.33 0.92 -0.04 -1.20 1.27 -4.56

Quarterly Cash Flow Statements for Remitly Global

This table details how cash moves in and out of Remitly Global's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Net Change in Cash & Equivalents
-53 -76 -56 -16 -4.20 101 -36 -100 138 43
Net Cash From Operating Activities
-54 -81 -2.30 -52 29 -28 -57 49 147 56
Net Cash From Continuing Operating Activities
-54 -81 -2.30 -52 29 -28 -57 49 147 56
Net Income / (Loss) Continuing Operations
-33 -19 -28 -19 -36 -35 -21 -12 1.92 -5.72
Consolidated Net Income / (Loss)
-33 -19 -28 -19 -36 -35 -21 -12 1.92 -5.72
Depreciation Expense
1.84 1.85 3.03 3.19 3.42 3.48 3.68 3.91 4.66 5.81
Non-Cash Adjustments To Reconcile Net Income
10 -52 57 -53 -10 -66 -31 66 156 59
Changes in Operating Assets and Liabilities, net
-33 -11 -34 17 72 69 -7.91 -8.45 -15 -3.10
Net Cash From Investing Activities
-1.84 -2.29 -43 -1.75 -2.61 -2.59 -4.31 -4.26 -3.91 -5.22
Net Cash From Continuing Investing Activities
-1.84 -2.29 -43 -1.75 -2.61 -2.59 -4.31 -4.26 -3.91 -5.22
Purchase of Property, Plant & Equipment
-1.46 -2.42 -2.16 -1.75 -2.61 -2.59 -4.31 -4.26 -3.91 -5.22
Net Cash From Financing Activities
3.75 6.40 -11 37 -29 130 26 -145 -10 1.46
Net Cash From Continuing Financing Activities
3.75 6.40 -11 37 -29 130 26 -145 -10 1.46
Repayment of Debt
- -0.38 -92 -225 -124 -210 -255 -430 -308 -590
Issuance of Debt
- - 75 259 90 340 275 295 293 590
Other Financing Activities, net
3.75 3.27 3.43 2.79 1.33 0.04 1.12 -9.75 0.35 1.46
Effect of Exchange Rate Changes
-1.33 0.97 0.22 0.44 -1.26 1.87 -1.10 -0.13 5.17 -8.50

Annual Balance Sheets for Remitly Global

This table presents Remitly Global's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2020 2021 2022 2023 2024
Total Assets
363 626 696 1,036 1,013
Total Current Assets
345 608 669 932 898
Cash & Equivalents
187 403 301 324 368
Prepaid Expenses
6.35 17 19 33 47
Other Current Assets
152 187 349 575 483
Plant, Property, & Equipment, net
9.68 9.25 12 16 32
Total Noncurrent Assets
7.98 8.86 15 88 84
Goodwill
- - 0.00 55 55
Intangible Assets
- - 0.00 17 10
Other Noncurrent Operating Assets
7.98 8.86 15 17 18
Total Liabilities & Shareholders' Equity
363 626 696 1,036 1,013
Total Liabilities
187 145 216 507 347
Total Current Liabilities
182 142 209 367 329
Short-Term Debt
80 - 0.00 2.48 2.47
Accounts Payable
4.26 1.21 6.79 35 16
Accrued Expenses
40 67 88 146 117
Other Current Liabilities
58 74 115 184 194
Total Noncurrent Liabilities
4.84 3.72 6.72 140 18
Long-Term Debt
- - 0.00 130 0.00
Other Noncurrent Operating Liabilities
4.84 3.72 6.72 10 18
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
-211 480 480 529 665
Total Preferred & Common Equity
-211 480 480 529 665
Total Common Equity
-211 480 480 529 665
Common Stock
8.77 740 854 1,020 1,195
Retained Earnings
-221 -259 -373 -491 -528
Accumulated Other Comprehensive Income / (Loss)
0.59 0.25 -0.74 0.34 -1.66

Quarterly Balance Sheets for Remitly Global

This table presents Remitly Global's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024
Total Assets
690 715 785 833 1,079 950 970
Total Current Assets
666 607 679 729 972 841 861
Cash & Equivalents
376 244 228 223 286 185 324
Prepaid Expenses
20 31 31 30 45 43 41
Other Current Assets
270 331 421 476 641 613 496
Plant, Property, & Equipment, net
10 13 13 15 19 22 24
Total Noncurrent Assets
14 96 92 89 88 87 85
Goodwill
- 55 55 55 55 55 55
Intangible Assets
- 20 19 18 15 14 13
Other Noncurrent Operating Assets
14 20 18 16 17 18 17
Total Liabilities & Shareholders' Equity
690 715 785 833 1,079 950 970
Total Liabilities
224 220 269 307 530 371 340
Total Current Liabilities
216 197 227 300 368 342 324
Short-Term Debt
- 2.49 2.43 2.35 2.45 2.39 2.43
Accounts Payable
8.18 2.91 18 18 12 21 17
Accrued Expenses
100 79 99 132 155 145 105
Other Current Liabilities
108 113 108 149 198 173 200
Total Noncurrent Liabilities
8.07 22 42 6.56 162 29 16
Long-Term Debt
- - 34 - 150 15 0.00
Other Noncurrent Operating Liabilities
8.07 22 8.13 6.56 12 14 16
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
466 495 516 526 549 579 631
Total Preferred & Common Equity
466 495 516 526 549 579 631
Total Common Equity
466 495 516 526 549 579 631
Common Stock
823 898 937 983 1,062 1,104 1,151
Retained Earnings
-354 -402 -421 -456 -512 -524 -523
Accumulated Other Comprehensive Income / (Loss)
-2.39 -0.40 -0.15 -1.14 -0.31 -0.40 1.88

Annual Metrics and Ratios for Remitly Global

This table displays calculated financial ratios and metrics derived from Remitly Global's official financial filings.

Metric 2019 2020 2021 2022 2023 2024
Growth Metrics
- - - - - -
Revenue Growth
0.00% 103.02% 78.48% 42.51% 44.48% 33.85%
EBITDA Growth
0.00% 44.92% -18.60% -248.10% 4.75% 83.61%
EBIT Growth
0.00% 39.80% -20.05% -216.48% -1.04% 70.02%
NOPAT Growth
0.00% 42.33% -36.11% -204.71% 5.65% 65.77%
Net Income Growth
0.00% 36.64% -19.01% -194.20% -3.35% 68.62%
EPS Growth
0.00% 48.99% 57.89% -6.25% 4.41% 70.77%
Operating Cash Flow Growth
0.00% -1,453.99% 83.90% -490.81% 50.68% 462.91%
Free Cash Flow Firm Growth
0.00% 0.00% 60.95% -431.76% -27.51% 104.57%
Invested Capital Growth
0.00% 0.00% 10.59% 132.86% 88.41% -11.32%
Revenue Q/Q Growth
0.00% 0.00% 0.00% 9.33% 8.47% 7.40%
EBITDA Q/Q Growth
0.00% 0.00% 0.00% -4.63% -7.96% 61.65%
EBIT Q/Q Growth
0.00% 0.00% 0.00% -4.81% -8.62% 41.66%
NOPAT Q/Q Growth
0.00% 0.00% 0.00% -5.52% -7.67% 41.09%
Net Income Q/Q Growth
0.00% 0.00% 0.00% -2.54% -15.29% 44.21%
EPS Q/Q Growth
0.00% 0.00% 0.00% -70.00% -12.07% 44.12%
Operating Cash Flow Q/Q Growth
0.00% 0.00% 22.10% -65.62% 49.46% 76.12%
Free Cash Flow Firm Q/Q Growth
0.00% 0.00% 0.00% 0.00% 17.46% 121.64%
Invested Capital Q/Q Growth
0.00% 0.00% 0.00% 99.31% 10.90% -2.91%
Profitability Metrics
- - - - - -
Gross Margin
42.08% 47.13% 48.29% 49.98% 56.41% 59.21%
EBITDA Margin
-37.91% -10.28% -6.83% -16.69% -11.00% -1.35%
Operating Margin
-39.98% -11.36% -8.66% -18.52% -12.09% -3.09%
EBIT Margin
-40.01% -11.86% -7.98% -17.72% -12.39% -2.78%
Profit (Net Income) Margin
-40.60% -12.67% -8.45% -17.45% -12.48% -2.93%
Tax Burden Percent
100.51% 103.70% 102.77% 100.92% 105.27% 122.24%
Interest Burden Percent
100.98% 103.00% 103.05% 97.54% 95.65% 86.22%
Effective Tax Rate
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)
0.00% -58.63% -37.89% -66.06% -30.89% -8.58%
ROIC Less NNEP Spread (ROIC-NNEP)
0.00% -35.88% -33.60% -57.73% -15.48% -5.12%
Return on Net Nonoperating Assets (RNNOA)
0.00% 21.71% 26.09% 42.31% 7.54% 2.39%
Return on Equity (ROE)
0.00% -36.93% -11.80% -23.74% -23.35% -6.19%
Cash Return on Invested Capital (CROIC)
0.00% -258.63% -47.96% -145.89% -92.20% 3.42%
Operating Return on Assets (OROA)
0.00% -8.40% -7.40% -17.53% -13.51% -3.42%
Return on Assets (ROA)
0.00% -8.97% -7.84% -17.25% -13.61% -3.61%
Return on Common Equity (ROCE)
0.00% 44.24% -4.83% -23.74% -23.35% -6.19%
Return on Equity Simple (ROE_SIMPLE)
0.00% 15.41% -8.07% -23.75% -22.26% -5.56%
Net Operating Profit after Tax (NOPAT)
-35 -20 -28 -85 -80 -27
NOPAT Margin
-27.99% -7.95% -6.06% -12.96% -8.47% -2.16%
Net Nonoperating Expense Percent (NNEP)
0.00% -22.75% -4.29% -8.32% -15.41% -3.45%
Return On Investment Capital (ROIC_SIMPLE)
- - - -17.65% -12.08% -4.10%
Cost of Revenue to Revenue
57.92% 52.87% 51.71% 50.02% 43.59% 40.79%
SG&A Expenses to Revenue
20.27% 12.32% 15.47% 20.08% 19.00% 15.50%
R&D to Revenue
25.29% 15.87% 13.98% 21.23% 23.29% 21.35%
Operating Expenses to Revenue
82.06% 58.49% 56.95% 68.50% 68.50% 62.31%
Earnings before Interest and Taxes (EBIT)
-51 -30 -37 -116 -117 -35
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
-48 -26 -31 -109 -104 -17
Valuation Ratios
- - - - - -
Price to Book Value (P/BV)
0.00 0.00 7.04 4.07 6.79 6.72
Price to Tangible Book Value (P/TBV)
0.00 0.00 7.04 4.07 7.86 7.45
Price to Revenue (P/Rev)
4.13 2.04 7.38 2.99 3.81 3.54
Price to Earnings (P/E)
0.00 0.00 0.00 0.00 0.00 0.00
Dividend Yield
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)
0.00 11.54 38.68 9.21 10.07 13.69
Enterprise Value to Revenue (EV/Rev)
0.00 3.13 6.50 2.53 3.61 3.25
Enterprise Value to EBITDA (EV/EBITDA)
0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)
0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)
0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)
0.00 0.00 0.00 0.00 0.00 21.11
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 0.00 0.00 0.00 0.00 376.37
Leverage & Solvency
- - - - - -
Debt to Equity
0.00 0.45 0.00 0.00 0.25 0.00
Long-Term Debt to Equity
0.00 0.00 0.00 0.00 0.25 0.00
Financial Leverage
0.00 -0.60 -0.78 -0.73 -0.49 -0.47
Leverage Ratio
0.00 2.06 1.51 1.38 1.72 1.72
Compound Leverage Factor
0.00 2.12 1.55 1.34 1.64 1.48
Debt to Total Capital
0.00% 31.20% 0.00% 0.00% 20.02% 0.37%
Short-Term Debt to Total Capital
0.00% 31.20% 0.00% 0.00% 0.37% 0.37%
Long-Term Debt to Total Capital
0.00% 0.00% 0.00% 0.00% 19.64% 0.00%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.00% 151.22% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital
0.00% -82.43% 100.00% 100.00% 79.98% 99.63%
Debt to EBITDA
0.00 -3.03 0.00 0.00 -1.27 -0.14
Net Debt to EBITDA
0.00 4.04 0.00 0.00 1.84 21.47
Long-Term Debt to EBITDA
0.00 0.00 0.00 0.00 -1.25 0.00
Debt to NOPAT
0.00 -3.92 0.00 0.00 -1.66 -0.09
Net Debt to NOPAT
0.00 5.22 0.00 0.00 2.39 13.36
Long-Term Debt to NOPAT
0.00 0.00 0.00 0.00 -1.63 0.00
Altman Z-Score
0.00 1.80 14.82 5.86 4.79 8.80
Noncontrolling Interest Sharing Ratio
0.00% 219.82% 59.04% 0.00% 0.00% 0.00%
Liquidity Ratios
- - - - - -
Current Ratio
0.00 1.90 4.29 3.20 2.54 2.73
Quick Ratio
0.00 1.03 2.85 1.44 0.88 1.12
Cash Flow Metrics
- - - - - -
Free Cash Flow to Firm (FCFF)
0.00 -90 -35 -187 -239 11
Operating Cash Flow to CapEx
117.01% -2,613.48% -405.62% -1,538.82% -588.64% 1,098.66%
Free Cash Flow to Firm to Interest Expense
0.00 -75.79 -28.02 -143.71 -101.44 3.36
Operating Cash Flow to Interest Expense
5.25 -96.05 -14.64 -83.45 -22.78 60.01
Operating Cash Flow Less CapEx to Interest Expense
0.76 -99.73 -18.25 -88.88 -26.66 54.55
Efficiency Ratios
- - - - - -
Asset Turnover
0.00 0.71 0.93 0.99 1.09 1.23
Accounts Receivable Turnover
0.00 0.00 0.00 0.00 0.00 0.00
Inventory Turnover
0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover
0.00 26.56 48.47 62.86 68.54 53.13
Accounts Payable Turnover
0.00 31.92 86.77 81.69 19.67 20.13
Days Sales Outstanding (DSO)
0.00 0.00 0.00 0.00 0.00 0.00
Days Inventory Outstanding (DIO)
0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)
0.00 11.44 4.21 4.47 18.55 18.13
Cash Conversion Cycle (CCC)
0.00 -11.44 -4.21 -4.47 -18.55 -18.13
Capital & Investment Metrics
- - - - - -
Invested Capital
0.00 70 77 179 338 300
Invested Capital Turnover
0.00 7.37 6.25 5.10 3.65 3.96
Increase / (Decrease) in Invested Capital
0.00 70 7.38 102 159 -38
Enterprise Value (EV)
0.00 804 2,981 1,653 3,405 4,105
Market Capitalization
523 523 3,384 1,954 3,596 4,470
Book Value per Share
$0.00 ($9.85) $2.93 $2.81 $2.86 $3.36
Tangible Book Value per Share
$0.00 ($9.85) $2.93 $2.81 $2.47 $3.03
Total Capital
0.00 256 480 480 662 668
Total Debt
0.00 80 0.00 0.00 132 2.47
Total Long-Term Debt
0.00 0.00 0.00 0.00 130 0.00
Net Debt
0.00 -107 -403 -301 -191 -366
Capital Expenditures (CapEx)
7.21 4.37 4.53 7.06 9.10 18
Debt-free, Cash-free Net Working Capital (DFCFNWC)
0.00 57 63 160 244 203
Debt-free Net Working Capital (DFNWC)
0.00 244 466 460 568 571
Net Working Capital (NWC)
0.00 164 466 460 565 569
Net Nonoperating Expense (NNE)
16 12 11 29 38 9.62
Net Nonoperating Obligations (NNO)
0.00 -107 -403 -301 -191 -366
Total Depreciation and Amortization (D&A)
2.66 4.06 5.26 6.72 13 18
Debt-free, Cash-free Net Working Capital to Revenue
0.00% 22.13% 13.67% 24.43% 25.85% 16.05%
Debt-free Net Working Capital to Revenue
0.00% 94.78% 101.60% 70.43% 60.13% 45.17%
Net Working Capital to Revenue
0.00% 63.65% 101.60% 70.43% 59.86% 44.98%
Earnings Adjustments
- - - - - -
Adjusted Basic Earnings per Share
$0.00 $0.00 ($0.64) ($0.68) ($0.65) ($0.19)
Adjusted Weighted Average Basic Shares Outstanding
0.00 0.00 60.73M 167.77M 180.82M 194.65M
Adjusted Diluted Earnings per Share
$0.00 $0.00 ($0.64) ($0.68) ($0.65) ($0.19)
Adjusted Weighted Average Diluted Shares Outstanding
0.00 0.00 60.73M 167.77M 180.82M 194.65M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
0.00 0.00 166.08M 174.19M 188.51M 200.61M
Normalized Net Operating Profit after Tax (NOPAT)
-35 -20 -28 -85 -80 -27
Normalized NOPAT Margin
-27.99% -7.95% -6.06% -12.96% -8.47% -2.16%
Pre Tax Income Margin
-40.40% -12.22% -8.22% -17.29% -11.85% -2.39%
Debt Service Ratios
- - - - - -
EBIT to Interest Expense
-31.49 -25.64 -29.14 -88.96 -49.76 -10.83
NOPAT to Interest Expense
-22.03 -17.18 -22.14 -65.07 -33.99 -8.44
EBIT Less CapEx to Interest Expense
-35.97 -29.31 -32.75 -94.38 -53.63 -16.29
NOPAT Less CapEx to Interest Expense
-26.51 -20.86 -25.75 -70.50 -37.86 -13.90
Payout Ratios
- - - - - -
Dividend Payout Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio
-13.67% 0.00% 0.00% 0.00% 0.00% 0.00%

Quarterly Metrics and Ratios for Remitly Global

This table displays calculated financial ratios and metrics derived from Remitly Global's official financial filings.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Growth Metrics
- - - - - - - - - -
Revenue Growth
39.60% 41.24% 49.89% 48.82% 42.76% 38.59% 32.01% 30.93% 39.27% 32.91%
EBITDA Growth
-192.27% -32.00% -26.50% 54.17% -3.73% -38.44% 32.73% 63.27% 121.44% 99.28%
EBIT Growth
-175.87% -32.31% -31.43% 47.55% -8.18% -42.66% 27.18% 49.43% 106.72% 80.65%
NOPAT Growth
-181.18% -38.27% -21.12% 53.72% -3.61% -35.57% 28.91% 13.50% 100.73% 87.94%
Net Income Growth
-155.12% -17.01% -21.47% 50.71% -7.82% -80.57% 25.55% 35.86% 105.38% 83.66%
EPS Growth
51.22% -164.71% -14.29% 52.17% 0.00% -63.64% 31.25% 45.45% 105.00% 83.33%
Operating Cash Flow Growth
-31.74% -113.84% -105.70% -264.98% 153.94% 64.85% -2,374.22% 194.22% 405.58% 295.75%
Free Cash Flow Firm Growth
-32.61% 0.00% -471.67% -360.82% -240.89% -52.34% 28.59% 67.50% 98.44% 119.77%
Invested Capital Growth
102.93% 132.86% 843.39% 765.40% 238.60% 88.41% 63.86% 26.63% 1.29% -11.32%
Revenue Q/Q Growth
7.63% 12.86% 6.72% 14.80% 3.25% 9.57% 1.65% 13.86% 9.82% 4.57%
EBITDA Q/Q Growth
11.53% 37.76% -33.27% 37.54% -100.23% 16.93% 35.24% 65.90% 216.84% -102.78%
EBIT Q/Q Growth
10.18% 35.67% -35.83% 33.17% -85.24% 15.17% 30.66% 53.58% 124.62% -344.19%
NOPAT Q/Q Growth
9.55% 35.79% -22.74% 35.08% -102.51% 15.99% 35.64% 21.00% 101.70% -1,497.59%
Net Income Q/Q Growth
13.53% 41.35% -45.99% 33.43% -89.15% 1.78% 39.81% 42.64% 115.85% -398.59%
EPS Q/Q Growth
13.04% 45.00% -45.45% 31.25% -81.82% 10.00% 38.89% 45.45% 116.67% -400.00%
Operating Cash Flow Q/Q Growth
-278.47% -50.26% 97.16% -2,160.45% 155.93% -197.91% -64.81% 186.08% 200.13% -62.09%
Free Cash Flow Firm Q/Q Growth
-8.48% -67.70% -108.21% -21.66% 19.75% 25.06% 2.40% 44.62% 96.15% 1,049.44%
Invested Capital Q/Q Growth
140.00% 99.31% 41.40% 27.94% -6.10% 10.90% 22.98% -1.13% -24.88% -2.91%
Profitability Metrics
- - - - - - - - - -
Gross Margin
48.00% 52.31% 53.89% 56.56% 55.75% 58.82% 59.13% 58.30% 59.19% 60.10%
EBITDA Margin
-18.91% -10.43% -13.02% -7.09% -13.74% -10.42% -6.64% -1.99% 2.11% -0.06%
Operating Margin
-21.04% -11.97% -13.77% -7.79% -15.27% -11.71% -7.41% -5.14% 0.11% -1.06%
EBIT Margin
-20.00% -11.40% -14.51% -8.45% -15.16% -11.73% -8.00% -3.26% 0.73% -1.71%
Profit (Net Income) Margin
-19.54% -10.15% -13.89% -8.05% -14.76% -13.23% -7.83% -3.95% 0.57% -1.63%
Tax Burden Percent
100.88% 97.81% 101.32% 99.25% 100.73% 118.30% 104.97% 137.38% 50.89% 111.47%
Interest Burden Percent
96.84% 91.06% 94.47% 96.07% 96.66% 95.30% 93.24% 88.03% 153.01% 85.41%
Effective Tax Rate
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 49.11% 0.00%
Return on Invested Capital (ROIC)
-131.02% -42.70% -49.55% -24.02% -47.13% -29.91% -15.65% -10.59% 0.21% -2.95%
ROIC Less NNEP Spread (ROIC-NNEP)
-129.04% -41.74% -47.02% -22.06% -43.85% -24.49% -11.86% -10.00% -0.42% -1.83%
Return on Net Nonoperating Assets (RNNOA)
110.86% 30.59% 33.37% 13.93% 26.40% 11.93% 4.26% 3.28% 0.20% 0.85%
Return on Equity (ROE)
-20.16% -12.11% -16.17% -10.09% -20.74% -17.97% -11.39% -7.31% 0.41% -2.09%
Cash Return on Invested Capital (CROIC)
0.00% -145.89% -224.48% -199.07% -146.40% -92.20% -70.59% -43.21% -16.42% 3.42%
Operating Return on Assets (OROA)
-17.64% -11.27% -15.59% -8.91% -17.33% -12.79% -9.01% -4.07% 0.95% -2.11%
Return on Assets (ROA)
-17.24% -10.04% -14.92% -8.50% -16.87% -14.42% -8.81% -4.92% 0.74% -2.01%
Return on Common Equity (ROCE)
-20.16% -12.11% -16.17% -10.09% -20.74% -17.97% -11.39% -7.31% 0.41% -2.09%
Return on Equity Simple (ROE_SIMPLE)
-23.84% 0.00% -24.02% -19.32% -19.44% 0.00% -20.13% -17.94% -10.51% 0.00%
Net Operating Profit after Tax (NOPAT)
-25 -16 -20 -13 -26 -22 -14 -11 0.19 -2.62
NOPAT Margin
-14.73% -8.38% -9.64% -5.45% -10.69% -8.20% -5.19% -3.60% 0.06% -0.74%
Net Nonoperating Expense Percent (NNEP)
-1.99% -0.96% -2.53% -1.96% -3.29% -5.42% -3.79% -0.59% 0.64% -1.12%
Return On Investment Capital (ROIC_SIMPLE)
- -3.33% - - - -3.28% - - - -0.39%
Cost of Revenue to Revenue
52.00% 47.69% 46.11% 43.44% 44.25% 41.18% 40.87% 41.70% 40.81% 39.90%
SG&A Expenses to Revenue
20.98% 18.27% 20.31% 16.87% 20.62% 18.38% 16.41% 14.98% 15.13% 15.59%
R&D to Revenue
21.37% 22.45% 24.22% 23.21% 23.60% 22.38% 23.49% 22.05% 20.34% 20.07%
Operating Expenses to Revenue
69.04% 64.28% 67.66% 64.34% 71.02% 70.53% 66.54% 63.44% 59.08% 61.17%
Earnings before Interest and Taxes (EBIT)
-34 -22 -30 -20 -37 -31 -22 -10.00 2.46 -6.01
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
-32 -20 -27 -17 -33 -28 -18 -6.09 7.12 -0.20
Valuation Ratios
- - - - - - - - - -
Price to Book Value (P/BV)
4.01 4.07 5.96 6.49 8.69 6.79 6.99 4.03 4.14 6.72
Price to Tangible Book Value (P/TBV)
4.01 4.07 7.03 7.58 10.09 7.86 8.02 4.58 4.64 7.45
Price to Revenue (P/Rev)
3.13 2.99 4.09 4.20 5.25 3.81 3.80 2.16 2.22 3.54
Price to Earnings (P/E)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Dividend Yield
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)
16.57 9.21 10.68 9.73 14.26 10.07 8.91 5.27 7.42 13.69
Enterprise Value to Revenue (EV/Rev)
2.50 2.53 3.76 3.96 5.00 3.61 3.67 2.00 1.95 3.25
Enterprise Value to EBITDA (EV/EBITDA)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 20.75 21.11
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 376.37
Leverage & Solvency
- - - - - - - - - -
Debt to Equity
0.00 0.00 0.01 0.07 0.00 0.25 0.28 0.03 0.00 0.00
Long-Term Debt to Equity
0.00 0.00 0.00 0.07 0.00 0.25 0.27 0.03 0.00 0.00
Financial Leverage
-0.86 -0.73 -0.71 -0.63 -0.60 -0.49 -0.36 -0.33 -0.47 -0.47
Leverage Ratio
1.42 1.38 1.39 1.54 1.53 1.72 1.72 1.58 1.56 1.72
Compound Leverage Factor
1.38 1.25 1.31 1.48 1.48 1.64 1.60 1.40 2.39 1.46
Debt to Total Capital
0.00% 0.00% 0.50% 6.60% 0.45% 20.02% 21.72% 2.92% 0.38% 0.37%
Short-Term Debt to Total Capital
0.00% 0.00% 0.50% 0.44% 0.45% 0.37% 0.35% 0.40% 0.38% 0.37%
Long-Term Debt to Total Capital
0.00% 0.00% 0.00% 6.16% 0.00% 19.64% 21.37% 2.52% 0.00% 0.00%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital
100.00% 100.00% 99.50% 93.40% 99.55% 79.98% 78.28% 97.08% 99.62% 99.63%
Debt to EBITDA
0.00 0.00 -0.02 -0.38 -0.02 -1.27 -1.60 -0.21 -0.05 -0.14
Net Debt to EBITDA
0.00 0.00 2.11 2.01 2.30 1.84 1.40 1.98 7.25 21.47
Long-Term Debt to EBITDA
0.00 0.00 0.00 -0.36 0.00 -1.25 -1.58 -0.18 0.00 0.00
Debt to NOPAT
0.00 0.00 -0.03 -0.50 -0.03 -1.66 -2.05 -0.24 -0.05 -0.09
Net Debt to NOPAT
0.00 0.00 2.74 2.61 2.98 2.39 1.80 2.31 6.93 13.36
Long-Term Debt to NOPAT
0.00 0.00 0.00 -0.46 0.00 -1.63 -2.02 -0.21 0.00 0.00
Altman Z-Score
5.78 6.31 8.83 8.35 9.68 5.06 5.23 4.73 5.75 8.89
Noncontrolling Interest Sharing Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios
- - - - - - - - - -
Current Ratio
3.09 3.20 3.07 3.00 2.43 2.54 2.64 2.46 2.66 2.73
Quick Ratio
1.74 1.44 1.24 1.00 0.74 0.88 0.78 0.54 1.00 1.12
Cash Flow Metrics
- - - - - - - - - -
Free Cash Flow to Firm (FCFF)
-71 -118 -247 -300 -241 -180 -176 -97 -3.75 36
Operating Cash Flow to CapEx
-3,683.71% -3,341.61% -106.30% -2,965.71% 1,113.46% -1,098.65% -1,316.83% 1,148.94% 3,753.43% 1,065.40%
Free Cash Flow to Firm to Interest Expense
-213.94 -362.06 -633.68 -506.59 -411.40 -229.46 -228.90 -130.85 -4.94 36.87
Operating Cash Flow to Interest Expense
-163.09 -247.30 -5.90 -87.67 49.62 -36.16 -73.87 65.64 193.10 57.53
Operating Cash Flow Less CapEx to Interest Expense
-167.52 -254.70 -11.46 -90.63 45.16 -39.45 -79.48 59.92 187.96 52.13
Efficiency Ratios
- - - - - - - - - -
Asset Turnover
0.88 0.99 1.07 1.06 1.14 1.09 1.13 1.25 1.31 1.23
Accounts Receivable Turnover
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Inventory Turnover
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover
61.33 62.86 64.62 67.59 69.69 68.54 63.11 60.85 60.23 53.13
Accounts Payable Turnover
40.58 81.69 78.33 32.50 30.24 19.67 56.32 23.55 27.92 20.13
Days Sales Outstanding (DSO)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Inventory Outstanding (DIO)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)
8.99 4.47 4.66 11.23 12.07 18.55 6.48 15.50 13.07 18.13
Cash Conversion Cycle (CCC)
-8.99 -4.47 -4.66 -11.23 -12.07 -18.55 -6.48 -15.50 -13.07 -18.13
Capital & Investment Metrics
- - - - - - - - - -
Invested Capital
90 179 254 325 305 338 416 411 309 300
Invested Capital Turnover
8.90 5.10 5.14 4.41 4.41 3.65 3.02 2.94 3.84 3.96
Increase / (Decrease) in Invested Capital
46 102 227 287 215 159 162 86 3.94 -38
Enterprise Value (EV)
1,492 1,653 2,711 3,158 4,349 3,405 3,707 2,165 2,291 4,105
Market Capitalization
1,869 1,954 2,953 3,349 4,570 3,596 3,840 2,333 2,613 4,470
Book Value per Share
$2.78 $2.81 $2.84 $2.90 $2.90 $2.86 $2.89 $3.01 $3.23 $3.36
Tangible Book Value per Share
$2.78 $2.81 $2.41 $2.48 $2.50 $2.47 $2.52 $2.65 $2.89 $3.03
Total Capital
466 480 498 552 528 662 702 596 633 668
Total Debt
0.00 0.00 2.49 36 2.35 132 152 17 2.43 2.47
Total Long-Term Debt
0.00 0.00 0.00 34 0.00 130 150 15 0.00 0.00
Net Debt
-376 -301 -242 -191 -221 -191 -134 -168 -322 -366
Capital Expenditures (CapEx)
1.46 2.42 2.16 1.75 2.61 2.59 4.31 4.26 3.91 5.22
Debt-free, Cash-free Net Working Capital (DFCFNWC)
74 160 168 227 208 244 321 316 215 203
Debt-free Net Working Capital (DFNWC)
450 460 412 455 431 568 607 501 540 571
Net Working Capital (NWC)
450 460 409 453 428 565 604 499 537 569
Net Nonoperating Expense (NNE)
8.14 3.39 8.67 6.09 9.82 13 7.11 1.06 -1.73 3.11
Net Nonoperating Obligations (NNO)
-376 -301 -242 -191 -221 -191 -134 -168 -322 -366
Total Depreciation and Amortization (D&A)
1.84 1.85 3.03 3.19 3.42 3.48 3.68 3.91 4.66 5.81
Debt-free, Cash-free Net Working Capital to Revenue
12.36% 24.43% 23.26% 28.49% 23.84% 25.85% 31.76% 29.20% 18.28% 16.05%
Debt-free Net Working Capital to Revenue
75.34% 70.43% 57.10% 57.00% 49.48% 60.13% 60.09% 46.32% 45.85% 45.17%
Net Working Capital to Revenue
75.34% 70.43% 56.76% 56.69% 49.21% 59.86% 59.85% 46.09% 45.64% 44.98%
Earnings Adjustments
- - - - - - - - - -
Adjusted Basic Earnings per Share
($0.20) ($0.11) ($0.16) ($0.11) ($0.20) ($0.18) ($0.11) ($0.06) $0.01 ($0.03)
Adjusted Weighted Average Basic Shares Outstanding
168.60M 167.77M 175.11M 179.08M 182.60M 180.82M 189.85M 193.45M 196.17M 194.65M
Adjusted Diluted Earnings per Share
($0.20) ($0.11) ($0.16) ($0.11) ($0.20) ($0.18) ($0.11) ($0.06) $0.01 ($0.03)
Adjusted Weighted Average Diluted Shares Outstanding
168.60M 167.77M 175.11M 179.08M 182.60M 180.82M 189.85M 193.45M 205.25M 194.65M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
170.66M 174.19M 177.95M 181.20M 185.16M 188.51M 192.48M 195.14M 198.06M 200.61M
Normalized Net Operating Profit after Tax (NOPAT)
-25 -16 -20 -13 -26 -22 -14 -11 0.19 -2.62
Normalized NOPAT Margin
-14.73% -8.38% -9.64% -5.45% -10.69% -8.20% -5.19% -3.60% 0.06% -0.74%
Pre Tax Income Margin
-19.37% -10.38% -13.71% -8.12% -14.65% -11.18% -7.46% -2.87% 1.12% -1.46%
Debt Service Ratios
- - - - - - - - - -
EBIT to Interest Expense
-102.58 -66.59 -76.04 -33.39 -62.60 -39.52 -28.01 -13.42 3.24 -6.22
NOPAT to Interest Expense
-75.55 -48.95 -50.51 -21.55 -44.16 -27.61 -18.16 -14.81 0.25 -2.71
EBIT Less CapEx to Interest Expense
-107.01 -73.99 -81.59 -36.35 -67.05 -42.81 -33.62 -19.13 -1.91 -11.62
NOPAT Less CapEx to Interest Expense
-79.98 -56.35 -56.06 -24.50 -48.61 -30.90 -23.77 -20.52 -4.90 -8.11
Payout Ratios
- - - - - - - - - -
Dividend Payout Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Frequently Asked Questions About Remitly Global's Financials

When does Remitly Global's fiscal year end?

According to the most recent income statement we have on file, Remitly Global's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Remitly Global's net income changed over the last 5 years?

Remitly Global's net income appears to be on an upward trend, with a most recent value of -$36.98 million in 2024, falling from -$51.39 million in 2019. The previous period was -$117.84 million in 2023.

What is Remitly Global's operating income?
Remitly Global's total operating income in 2024 was -$39.09 million, based on the following breakdown:
  • Total Gross Profit: $748.44 million
  • Total Operating Expenses: $787.53 million
How has Remitly Global revenue changed over the last 5 years?

Over the last 5 years, Remitly Global's total revenue changed from $126.57 million in 2019 to $1.26 billion in 2024, a change of 898.7%.

How much debt does Remitly Global have?

Remitly Global's total liabilities were at $347.40 million at the end of 2024, a 31.5% decrease from 2023, and a 86.2% increase since 2020.

How much cash does Remitly Global have?

In the past 4 years, Remitly Global's cash and equivalents has ranged from $186.69 million in 2020 to $403.26 million in 2021, and is currently $368.10 million as of their latest financial filing in 2024.

How has Remitly Global's book value per share changed over the last 5 years?

Over the last 5 years, Remitly Global's book value per share changed from 0.00 in 2019 to 3.36 in 2024, a change of 336.0%.

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This page (NASDAQ:RELY) was last updated on 4/15/2025 by MarketBeat.com Staff
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