NASDAQ : RELY
Remitly Global, Inc. — Financial statements
Technology · Software - Infrastructure · United States
Last price 24.15 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 5.11B
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Financial statements
Remitly Global, Inc. (RELY) reported revenue of 1.81B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 1.81B | 1.64B | 1.26B | 944.28M | 653.56M | 458.61M |
| Cost of Revenue | 695.83M | 650.71M | 515.52M | 411.63M | 326.93M | 237.13M |
| Gross Profit | 1.11B | 984.44M | 748.44M | 532.65M | 326.63M | 221.47M |
| Selling, General & Admin | 589.91M | 568.03M | 498.96M | 410.99M | 298.76M | 191.85M |
| Research & Development | 311.27M | 313.91M | 269.82M | 219.94M | 138.72M | 64.09M |
| Operating Expenses | 927.00M | 906.97M | 786.83M | 644.05M | 444.20M | 261.20M |
| Operating Income | 186.80M | 77.47M | -38.39M | -111.39M | -117.57M | -39.72M |
| Interest Expense | -10.25M | -7.61M | -3.24M | -2.35M | -1.30M | -1.26M |
| Interest & Investment Income | 6.99M | 7.70M | 8.08M | 7.45M | 4.15M | 140.00K |
| Currency Exchange Gain (Loss) | -2.46M | -5.93M | 4.00M | -2.84M | 5.26M | 3.12M |
| Other Non Operating Income (Expenses) | -48.00K | |||||
| EBT Excluding Unusual Items | 181.07M | 71.63M | -29.55M | -109.14M | -109.51M | -37.71M |
| Merger & Restructuring Charges | -15.78M | -1.70M | -3.46M | |||
| Other Unusual Items | -700.00K | -1.10M | ||||
| Pretax Income | 165.29M | 71.63M | -30.25M | -111.94M | -112.98M | -37.71M |
| Income Tax Expense | -139.72M | 3.69M | 6.73M | 5.90M | 1.04M | 1.04M |
| Net Income | 305.01M | 67.93M | -36.98M | -117.84M | -114.02M | -38.76M |
| Net Income to Common | 305.01M | 67.93M | -36.98M | -117.84M | -114.02M | -38.76M |
| Shares Outstanding (Basic) | 209.69M | 205.83M | 194.65M | 180.82M | 167.77M | 60.73M |
| Shares Outstanding (Diluted) | 217.73M | 217.57M | 194.65M | 180.82M | 167.77M | 60.73M |
| EPS (Basic) | 1.45 | 0.33 | -0.19 | -0.65 | -0.68 | -0.64 |
| EPS (Diluted) | 1.40 | 0.31 | -0.19 | -0.65 | -0.68 | -0.64 |
| Free Cash Flow | 388.00M | 295.65M | 105.60M | 63.95M | -112.33M | -20.35M |
| Free Cash Flow Per Share | 1.78 | 1.36 | 0.54 | 0.35 | -0.67 | -0.34 |
| Gross Margin | 61.55% | 60.20% | 59.21% | 56.41% | 49.98% | 48.29% |
| Operating Margin | 10.32% | 4.74% | -3.04% | -11.80% | -17.99% | -8.66% |
| Profit Margin | 16.86% | 4.15% | -2.93% | -12.48% | -17.45% | -8.45% |
| Free Cash Flow Margin | 21.44% | 18.08% | 8.36% | 6.77% | -17.19% | -4.44% |
| EBITDA | 199.21M | 91.04M | -28.35M | -102.72M | -114.18M | -36.95M |
| EBITDA Margin | 11.01% | 5.57% | -2.24% | -10.88% | -17.47% | -8.06% |
| D&A For EBITDA | 12.41M | 13.57M | 10.03M | 8.67M | 3.39M | 2.78M |
| EBIT | 186.80M | 77.47M | -38.39M | -111.39M | -117.57M | -39.72M |
| EBIT Margin | 10.32% | 4.74% | -3.04% | -11.80% | -17.99% | -8.66% |
| Effective Tax Rate | 5.16% | |||||
| Advertising Expenses | 255.10M | 225.40M | 181.30M | 139.30M | 102.90M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 676.39M | 542.43M | 368.10M | 323.71M | 300.63M | 403.26M |
| Cash & Short-Term Investments | 676.39M | 542.43M | 368.10M | 323.71M | 300.63M | 403.26M |
| Accounts Receivable | 322.02M | 286.45M | 193.97M | 379.42M | 191.40M | 67.22M |
| Other Receivables | 22.16M | 19.96M | 14.93M | 18.41M | 6.53M | |
| Receivables | 344.18M | 306.41M | 208.89M | 397.83M | 199.98M | 67.22M |
| Prepaid Expenses | 21.23M | 24.89M | 30.93M | 11.74M | 10.75M | 17.05M |
| Restricted Cash | 883.00K | 658.00K | 774.00K | |||
| Other Current Assets | 244.14M | 441.33M | 288.93M | 198.07M | 158.06M | 120.03M |
| Total Current Assets | 1.29B | 1.32B | 897.51M | 932.12M | 669.42M | 607.55M |
| Property, Plant & Equipment | 70.00M | 73.97M | 44.57M | 25.54M | 20.22M | 14.55M |
| Goodwill | 54.94M | 54.94M | 54.94M | 54.94M | ||
| Other Intangible Assets | 1.06M | 2.12M | 10.46M | 16.64M | ||
| Long-Term Deferred Tax Assets | 5.01M | 2.49M | 3.17M | 2.23M | ||
| Long-Term Deferred Charges | 3.10M | 1.20M | 1.19M | 500.00K | ||
| Other Long-Term Assets | 155.51M | 3.62M | 2.90M | 2.71M | 2.90M | 3.06M |
| Total Assets | 1.57B | 1.46B | 1.01B | 1.04B | 695.95M | 625.66M |
| Accounts Payable | 39.89M | 28.45M | 16.16M | 35.05M | 6.79M | 1.21M |
| Accrued Expenses | 105.47M | 91.85M | 73.23M | 61.24M | 55.44M | 44.62M |
| Short-Term Debt | 3.02M | 2.82M | 2.47M | 2.48M | ||
| Current Portion of Leases | 7.81M | 6.17M | 4.75M | 6.03M | 3.52M | 3.24M |
| Current Income Taxes Payable | 9.77M | 5.89M | 9.26M | 2.29M | ||
| Other Current Liabilities | 248.12M | 259.99M | 226.51M | 252.77M | 141.10M | 92.54M |
| Total Current Liabilities | 404.31M | 399.05M | 329.01M | 366.84M | 209.14M | 141.62M |
| Long-Term Debt | 155.00M | 130.00M | ||||
| Long-Term Leases | 27.44M | 28.14M | 9.07M | 4.48M | 5.67M | 2.91M |
| Other Long-Term Liabilities | 8.86M | 7.74M | 9.32M | 5.65M | 1.05M | 813.00K |
| Total Liabilities | 440.61M | 589.92M | 347.40M | 506.97M | 215.87M | 145.34M |
| Common Stock | 21.00K | 21.00K | 20.00K | 19.00K | 17.00K | 16.00K |
| Additional Paid-In Capital | 1.33B | 1.33B | 1.20B | 1.02B | 854.28M | 739.50M |
| Retained Earnings | -205.39M | -460.35M | -528.28M | -491.30M | -373.46M | -259.44M |
| Comprehensive Income & Other | 2.24M | 3.60M | -1.66M | 335.00K | -743.00K | 253.00K |
| Total Common Equity | 1.13B | 868.79M | 665.47M | 529.34M | 480.09M | 480.33M |
| Shareholders' Equity | 1.13B | 868.79M | 665.47M | 529.34M | 480.09M | 480.33M |
| Total Liabilities & Equity | 1.57B | 1.46B | 1.01B | 1.04B | 695.95M | 625.66M |
| Total Debt | 38.26M | 192.12M | 16.29M | 142.99M | 9.20M | 6.15M |
| Net Cash (Debt) | 638.13M | 350.30M | 351.81M | 180.72M | 291.44M | 397.12M |
| Net Cash Per Share | 2.93 | 1.61 | 1.81 | 1.00 | 1.74 | 6.54 |
| Filing Date Shares Outstanding | 211.68M | 210.65M | 200.61M | 188.51M | 174.19M | 166.08M |
| Total Common Shares Outstanding | 211.67M | 210.63M | 200.53M | 188.44M | 173.25M | 164.24M |
| Working Capital | 881.63M | 916.90M | 568.51M | 565.28M | 460.28M | 465.94M |
| Book Value Per Share | 5.32 | 4.12 | 3.32 | 2.81 | 2.77 | 2.92 |
| Tangible Book Value | 1.07B | 811.72M | 600.07M | 457.75M | 480.09M | 480.33M |
| Tangible Book Value Per Share | 5.06 | 3.85 | 2.99 | 2.43 | 2.77 | 2.92 |
| Machinery | 18.32M | 19.44M | 11.29M | 11.16M | 8.23M | 6.14M |
| Construction In Progress | 27.00K | 731.00K | 7.67M | 722.00K | 533.00K | |
| Leasehold Improvements | 30.61M | 29.60M | 8.72M | 8.08M | 7.04M | 6.66M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 305.01M | 67.93M | -36.98M | -117.84M | -114.02M | -38.76M |
| Depreciation & Amortization | 12.41M | 13.57M | 10.03M | 8.67M | 3.39M | 2.78M |
| Other Amortization | 13.29M | 11.43M | 8.07M | 4.53M | 3.33M | 2.48M |
| Stock-Based Compensation | 143.28M | 155.11M | 152.14M | 136.97M | 95.29M | 17.02M |
| Other Operating Activities | -121.32M | 25.10M | 960.00K | 5.09M | 2.33M | 7.38M |
| Change in Accounts Receivable | -126.94M | -17.28M | ||||
| Change in Accounts Payable | 21.58M | 10.06M | -20.82M | 27.56M | 5.54M | -3.04M |
| Change in Unearned Revenue | 42.98M | 16.10M | ||||
| Change in Other Net Operating Assets | 31.87M | 41.88M | -1.80M | 1.82M | -20.55M | -5.07M |
| Operating Cash Flow | 406.12M | 325.08M | 111.60M | 66.81M | -108.66M | -18.39M |
| Capital Expenditures | -18.12M | -29.43M | -6.00M | -2.86M | -3.68M | -1.96M |
| Cash Acquisitions | -40.93M | -248.00K | ||||
| Sale (Purchase) of Intangibles | -12.91M | -12.39M | -11.70M | -6.25M | -3.38M | -2.58M |
| Other Investing Activities | -26.66M | -28.11M | -2.18M | |||
| Investing Cash Flow | -57.68M | -69.93M | -19.89M | -50.04M | -7.31M | -4.53M |
| Long-Term Debt Issued | 6.81B | 1.45B | 764.00M | |||
| Total Debt Issued | 10.13B | 6.81B | 1.45B | 764.00M | ||
| Long-Term Debt Repaid | -6.66B | -1.58B | -651.07M | -384.00K | -80.00M | |
| Total Debt Repaid | -10.13B | -6.66B | -1.58B | -651.07M | -384.00K | -80.00M |
| Net Debt Issued (Repaid) | 155.00M | -130.00M | 112.93M | -384.00K | -80.00M | |
| Issuance of Common Stock | 15.25M | 17.81M | 18.05M | 20.42M | 15.07M | 316.60M |
| Repurchase of Common Stock | -108.08M | -50.80M | -5.23M | -6.70M | -99.00K | |
| Other Financing Activities | -92.32M | -211.79M | 74.81M | -120.40M | -1.37M | |
| Financing Cash Flow | -185.14M | -89.78M | -42.37M | 6.25M | 14.59M | 238.20M |
| Foreign Exchange Rate Adjustments | -2.79M | 9.11M | -4.55M | 1.27M | -1.20M | -40.00K |
| Net Cash Flow | 160.50M | 174.48M | 44.79M | 24.30M | -102.58M | 215.24M |
| Free Cash Flow | 388.00M | 295.65M | 105.60M | 63.95M | -112.33M | -20.35M |
| Free Cash Flow Margin | 21.44% | 18.08% | 8.36% | 6.77% | -17.19% | -4.44% |
| Free Cash Flow Per Share | 1.78 | 1.36 | 0.54 | 0.35 | -0.67 | -0.34 |
| Levered Free Cash Flow | 196.12M | 6.12M | 168.98M | -16.95M | -76.59M | -13.97M |
| Unlevered Free Cash Flow | 202.53M | 10.87M | 171.00M | -15.48M | -75.78M | -13.18M |
| Cash Interest Paid | 6.58M | 5.48M | 2.55M | 1.65M | 906.00K | 934.00K |
| Cash Income Tax Paid | 6.22M | 2.72M | 3.16M | 5.30M | 2.28M | 756.00K |
| Change in Working Capital | 53.45M | 51.94M | -22.62M | 29.38M | -98.98M | -9.29M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 5.11B | 2.88B | 4.47B | 3.60B | 1.95B | 3.38B |
| Enterprise Value | 4.47B | 2.44B | 4.16B | 3.39B | 1.59B | 2.95B |
| Last Close Price | 24.15 | 13.80 | 22.57 | 19.42 | 11.45 | 20.62 |
| PE Ratio | 17.30 | 42.47 | ||||
| Forward PE | 15.99 | 15.37 | 32.16 | 59.08 | ||
| PS Ratio | 2.82 | 1.76 | 3.54 | 3.81 | 2.99 | 7.38 |
| PB Ratio | 4.54 | 3.32 | 6.72 | 6.79 | 4.07 | 7.04 |
| P/TBV Ratio | 4.77 | 3.55 | 7.45 | 7.86 | 4.07 | 7.04 |
| P/FCF Ratio | 13.18 | 9.76 | 42.33 | 56.23 | ||
| P/OCF Ratio | 12.59 | 8.87 | 40.06 | 53.82 | ||
| PEG Ratio | 0.25 | 0.26 | 0.35 | |||
| EV/Sales Ratio | 2.47 | 1.49 | 3.29 | 3.59 | 2.43 | 6.43 |
| EV/EBITDA Ratio | 22.46 | 26.84 | ||||
| EV/EBIT Ratio | 23.95 | 31.54 | ||||
| EV/FCF Ratio | 11.53 | 8.27 | 39.39 | 52.95 | ||
| Debt / Equity Ratio | 0.03 | 0.22 | 0.02 | 0.27 | 0.02 | 0.01 |
| Debt / EBITDA Ratio | 0.18 | 1.93 | ||||
| Debt / FCF Ratio | 0.10 | 0.65 | 0.15 | 2.24 | ||
| Net Debt / Equity Ratio | -0.57 | -0.40 | -0.53 | -0.34 | -0.61 | -0.83 |
| Net Debt / EBITDA Ratio | -3.20 | -3.85 | 12.41 | 1.76 | 2.55 | 10.75 |
| Net Debt / FCF Ratio | -1.65 | -1.19 | -3.33 | -2.83 | 2.59 | 19.52 |
| Asset Turnover | 1.32 | 1.32 | 1.23 | 1.09 | 0.99 | 0.93 |
| Quick Ratio | 2.52 | 2.13 | 1.75 | 1.97 | 2.38 | 3.32 |
| Current Ratio | 3.18 | 3.30 | 2.73 | 2.54 | 3.20 | 4.29 |
| Return on Equity (ROE) | 32.25% | 8.86% | -6.19% | -23.35% | -23.74% | -11.80% |
| Return on Assets (ROA) | 8.54% | 3.92% | -2.34% | -8.04% | -11.12% | -5.02% |
| Return on Invested Capital (ROIC) | 47.51% | 17.66% | -11.59% | -41.47% | -86.50% | -49.70% |
| Return on Capital Employed (ROCE) | 16.10% | 7.30% | -5.60% | -16.60% | -24.20% | -8.20% |
| Earnings Yield | 5.78% | 2.35% | -0.83% | -3.28% | -5.83% | -1.15% |
| FCF Yield | 7.59% | 10.25% | 2.36% | 1.78% | -5.75% | -0.60% |
| Buyback Yield / Dilution | -4.59% | -11.78% | -7.65% | -7.78% | -176.27% | -183.00% |