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Remitly Global (RELY) Financials

Remitly Global logo
$19.73 -0.34 (-1.69%)
Closing price 04:00 PM Eastern
Extended Trading
$19.45 -0.28 (-1.39%)
As of 07:52 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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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 2025
Period end date 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 -64 -33 -39 -114 -118 -37 68
Consolidated Net Income / (Loss)		 -51 -33 -39 -114 -118 -37 68
Net Income / (Loss) Continuing Operations		 -51 -33 -39 -114 -118 -37 68
Total Pre-Tax Income 		-51 -31 -38 -113 -112 -30 72
Total Operating Income		 -51 -29 -40 -121 -114 -39 77
Total Gross Profit		 53 121 221 327 533 748 984
Total Revenue		 127 257 459 654 944 1,264 1,635
Operating Revenue		 127 257 459 654 944 1,264 1,635
Total Cost of Revenue		 73 136 237 327 412 516 651
Operating Cost of Revenue		 73 136 237 327 412 516 651
Total Operating Expenses		 104 150 261 448 647 788 907
Selling, General & Admin Expense		 26 32 71 131 179 196 225
Marketing Expense		 44 74 121 171 234 304 343
Research & Development Expense		 32 41 64 139 220 270 314
Depreciation Expense		 2.66 4.06 5.26 6.72 13 18 25
Total Other Income / (Expense), net		 -0.53 -2.22 2.01 8.06 2.26 8.84 -5.84
Interest Expense		 1.61 1.19 1.26 1.30 2.35 3.24 7.61
Interest & Investment Income		 1.11 0.27 0.14 4.15 7.45 8.08 7.70
Other Income / (Expense), net		 -0.03 -1.30 3.13 5.21 -2.84 4.00 -5.93
Income Tax Expense		 0.26 1.16 1.04 1.04 5.90 6.73 3.70
Basic Earnings per Share		 ($2.98) ($1.52) ($0.64) ($0.68) ($0.65) ($0.19) $0.33
Weighted Average Basic Shares Outstanding		 21.29M 21.46M 60.73M 167.77M 180.82M 194.65M 205.83M
Diluted Earnings per Share		 ($2.98) ($1.52) ($0.64) ($0.68) ($0.65) ($0.19) $0.31
Weighted Average Diluted Shares Outstanding		 21.29M 21.46M 60.73M 167.77M 180.82M 194.65M 217.57M
Weighted Average Basic & Diluted Shares Outstanding		 - - 166.08M 174.19M 188.51M 200.61M 210.65M

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 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 -36 -35 -21 -12 1.92 -5.72 11 6.54 8.83 41 49
Consolidated Net Income / (Loss)		 -36 -35 -21 -12 1.92 -5.72 11 6.54 8.83 41 49
Net Income / (Loss) Continuing Operations		 -36 -35 -21 -12 1.92 -5.72 11 6.54 8.83 41 49
Total Pre-Tax Income 		-35 -30 -20 -8.80 3.77 -5.14 15 8.11 12 36 52
Total Operating Income		 -37 -31 -20 -16 0.37 -3.74 12 15 12 39 54
Total Gross Profit		 135 156 159 179 199 211 218 243 246 277 281
Total Revenue		 242 265 269 306 337 352 362 412 419 442 453
Operating Revenue		 242 265 269 306 337 352 362 412 419 442 453
Total Cost of Revenue		 107 109 110 128 137 140 144 169 173 165 172
Operating Cost of Revenue		 107 109 110 128 137 140 144 169 173 165 172
Total Operating Expenses		 172 187 179 194 199 215 205 228 235 239 227
Selling, General & Admin Expense		 50 49 44 46 51 55 53 60 56 57 55
Marketing Expense		 61 75 68 77 75 84 73 85 92 93 86
Research & Development Expense		 57 59 63 68 68 71 74 77 80 82 80
Depreciation Expense		 3.42 3.48 3.68 3.91 4.66 5.81 5.40 6.33 6.43 6.88 6.20
Total Other Income / (Expense), net		 1.51 1.40 -0.13 6.96 3.40 -1.40 2.71 -6.53 0.65 -2.67 -1.67
Interest Expense		 0.59 0.79 0.77 0.75 0.76 0.97 1.30 1.65 2.12 2.55 2.44
Interest & Investment Income		 1.81 2.25 2.23 1.94 2.07 1.84 1.79 2.06 2.07 1.79 1.65
Other Income / (Expense), net		 0.28 -0.06 -1.59 5.76 2.09 -2.27 2.22 -6.94 0.70 -1.90 -0.88
Income Tax Expense		 0.26 5.42 1.00 3.29 1.85 0.59 3.59 1.58 3.59 -5.07 3.02
Basic Earnings per Share		 ($0.20) ($0.18) ($0.11) ($0.06) $0.01 ($0.03) $0.06 $0.03 $0.04 $0.20 $0.23
Weighted Average Basic Shares Outstanding		 182.60M 180.82M 189.85M 193.45M 196.17M 194.65M 201.74M 204.69M 207.15M 205.83M 211.03M
Diluted Earnings per Share		 ($0.20) ($0.18) ($0.11) ($0.06) $0.01 ($0.03) $0.05 $0.03 $0.04 $0.19 $0.23
Weighted Average Diluted Shares Outstanding		 182.60M 180.82M 189.85M 193.45M 205.25M 194.65M 218.41M 218.98M 217.23M 217.57M 217.05M
Weighted Average Basic & Diluted Shares Outstanding		 185.16M 188.51M 192.48M 195.14M 198.06M 200.61M 203.86M 206.19M 209.05M 210.65M 210.56M

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 2025
Period end date 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 119 4.56 215 -103 24 45 174
Net Cash From Operating Activities		 8.44 -114 -18 -109 67 112 325
Net Cash From Continuing Operating Activities		 8.44 -114 -18 -109 67 112 325
Net Income / (Loss) Continuing Operations		 -51 -33 -39 -114 -118 -37 68
Consolidated Net Income / (Loss)		 -51 -33 -39 -114 -118 -37 68
Depreciation Expense		 2.66 4.06 5.26 6.72 14 16 47
Non-Cash Adjustments To Reconcile Net Income		 3.18 -85 -11 -68 147 161 164
Changes in Operating Assets and Liabilities, net		 54 -1.05 27 67 24 -29 46
Net Cash From Investing Activities		 -7.21 -4.37 -4.53 -7.31 -50 -20 -70
Net Cash From Continuing Investing Activities		 -7.21 -4.37 -4.53 -7.31 -50 -20 -70
Purchase of Property, Plant & Equipment		 -7.21 -4.37 -4.53 -7.06 -9.10 -18 -42
Acquisitions		 - 0.00 0.00 -0.25 -41 0.00 0.00
Other Investing Activities, net		 - - - - 0.00 -2.18 -28
Net Cash From Financing Activities		 117 122 238 15 6.25 -42 -90
Net Cash From Continuing Financing Activities		 117 122 238 15 6.25 -42 -90
Repayment of Debt		 6.23 35 -81 -0.38 -651 -1,583 -6,659
Repurchase of Common Equity		 -7.02 - - - 0.00 0.00 -24
Issuance of Debt		 0.00 0.00 3.06 0.00 764 1,453 6,811
Issuance of Common Equity		 0.00 0.00 305 3.52 6.13 9.38 11
Other Financing Activities, net		 1.03 2.38 8.35 11 -113 78 -229
Effect of Exchange Rate Changes		 0.33 0.92 -0.04 -1.20 1.27 -4.56 9.11

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 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 -4.20 101 -36 -100 138 43 126 22 -39 66 106
Net Cash From Operating Activities		 29 -28 -57 49 147 56 81 41 1.37 150 82
Net Cash From Continuing Operating Activities		 29 -28 -57 49 147 56 81 41 1.37 150 82
Net Income / (Loss) Continuing Operations		 -36 -35 -21 -12 1.92 -5.72 11 6.54 8.83 41 49
Consolidated Net Income / (Loss)		 -36 -35 -21 -12 1.92 -5.72 11 6.54 8.83 41 49
Depreciation Expense		 3.42 3.48 3.68 3.91 4.66 5.81 7.86 6.33 14 21 14
Non-Cash Adjustments To Reconcile Net Income		 -10 -66 -31 66 156 59 39 31 -65 100 29
Changes in Operating Assets and Liabilities, net		 72 69 -7.91 -8.45 -15 -3.10 23 -2.68 44 -13 -11
Net Cash From Investing Activities		 -2.61 -2.59 -4.31 -4.26 -3.91 -5.22 -17 -16 -19 -18 -14
Net Cash From Continuing Investing Activities		 -2.61 -2.59 -4.31 -4.26 -3.91 -5.22 -17 -16 -19 -18 -14
Purchase of Property, Plant & Equipment		 -2.61 -2.59 -4.31 -4.26 -3.91 -5.22 -14 -16 0.16 -9.41 -9.19
Other Investing Activities, net		 - - - - - - -3.35 - - -8.94 -4.56
Net Cash From Financing Activities		 -29 130 26 -145 -10 1.46 59 -11 -20 -66 39
Net Cash From Continuing Financing Activities		 -29 130 26 -145 -10 1.46 59 -11 -20 -66 39
Repayment of Debt		 -124 -210 -255 -430 -308 -590 -1,059 -1,437 -1,611 -2,552 -2,518
Repurchase of Common Equity		 - - - - - - 0.00 - - -12 -42
Issuance of Debt		 90 340 275 295 293 590 1,059 1,434 1,611 2,707 2,363
Issuance of Common Equity		 3.32 0.09 5.00 - 4.38 - 5.77 - 5.38 - 6.34
Other Financing Activities, net		 1.33 0.04 1.12 -9.75 0.35 1.46 53 -8.34 -13 -209 230
Effect of Exchange Rate Changes		 -1.26 1.87 -1.10 -0.13 5.17 -8.50 2.73 7.45 -1.72 0.65 -0.81

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 2025
Period end date 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 363 626 696 1,036 1,013 1,459
Total Current Assets		 345 608 669 932 898 1,316
Cash & Equivalents		 187 403 301 324 368 542
Prepaid Expenses		 6.35 17 19 33 47 46
Other Current Assets		 152 187 349 575 483 728
Plant, Property, & Equipment, net		 9.68 9.25 12 16 32 62
Total Noncurrent Assets		 7.98 8.86 15 88 84 81
Goodwill		 - - 0.00 55 55 55
Intangible Assets		 - - 0.00 17 10 2.13
Other Noncurrent Operating Assets		 7.98 8.86 15 17 18 24
Total Liabilities & Shareholders' Equity		 363 626 696 1,036 1,013 1,459
Total Liabilities		 187 145 216 507 347 590
Total Current Liabilities		 182 142 209 367 329 399
Short-Term Debt		 80 - 0.00 2.48 2.47 2.82
Accounts Payable		 4.26 1.21 6.79 35 16 28
Accrued Expenses		 40 67 88 146 117 142
Other Current Liabilities		 58 74 115 184 194 226
Total Noncurrent Liabilities		 4.84 3.72 6.72 140 18 191
Long-Term Debt		 - - 0.00 130 0.00 155
Other Noncurrent Operating Liabilities		 4.84 3.72 6.72 10 18 36
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 -211 480 480 529 665 869
Total Preferred & Common Equity		 -211 480 480 529 665 869
Total Common Equity		 -211 480 480 529 665 869
Common Stock		 8.77 740 854 1,020 1,195 1,326
Retained Earnings		 -221 -259 -373 -491 -528 -460
Accumulated Other Comprehensive Income / (Loss)		 0.59 0.25 -0.74 0.34 -1.66 3.60

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 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 690 715 785 833 1,079 950 970 1,101 1,166 1,214 1,386
Total Current Assets		 666 607 679 729 972 841 861 979 1,037 1,081 1,248
Cash & Equivalents		 376 244 228 223 286 185 324 494 516 477 649
Prepaid Expenses		 20 31 31 30 45 43 41 54 67 51 58
Other Current Assets		 270 331 421 476 641 613 496 431 454 553 540
Plant, Property, & Equipment, net		 10 13 13 15 19 22 24 41 47 52 60
Total Noncurrent Assets		 14 96 92 89 88 87 85 80 82 80 78
Goodwill		 - 55 55 55 55 55 55 55 55 55 55
Intangible Assets		 - 20 19 18 15 14 13 8.38 6.29 4.21 1.59
Other Noncurrent Operating Assets		 14 20 18 16 17 18 17 17 21 21 21
Total Liabilities & Shareholders' Equity		 690 715 785 833 1,079 950 970 1,101 1,166 1,214 1,386
Total Liabilities		 224 220 269 307 530 371 340 377 401 417 478
Total Current Liabilities		 216 197 227 300 368 342 324 352 364 376 439
Short-Term Debt		 - 2.49 2.43 2.35 2.45 2.39 2.43 2.42 2.67 2.72 2.84
Accounts Payable		 8.18 2.91 18 18 12 21 17 39 19 32 29
Accrued Expenses		 100 79 99 132 155 145 105 115 151 123 136
Other Current Liabilities		 108 113 108 149 198 173 200 196 191 218 271
Total Noncurrent Liabilities		 8.07 22 42 6.56 162 29 16 25 38 40 39
Long-Term Debt		 - - 34 - 150 15 0.00 - - - 0.00
Other Noncurrent Operating Liabilities		 8.07 22 8.13 6.56 12 14 16 25 38 40 39
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 466 495 516 526 549 579 631 723 765 797 907
Total Preferred & Common Equity		 466 495 516 526 549 579 631 723 765 797 907
Total Common Equity		 466 495 516 526 549 579 631 723 765 797 907
Common Stock		 823 898 937 983 1,062 1,104 1,151 1,240 1,271 1,295 1,316
Retained Earnings		 -354 -402 -421 -456 -512 -524 -523 -517 -510 -502 -411
Accumulated Other Comprehensive Income / (Loss)		 -2.39 -0.40 -0.15 -1.14 -0.31 -0.40 1.88 0.08 4.18 3.70 2.43

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 2025
Period end date 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Growth Metrics		 - - - - - - -
Revenue Growth		 0.00% 103.02% 78.48% 42.51% 44.48% 33.85% 29.37%
EBITDA Growth		 0.00% 44.92% -18.60% -248.10% 4.75% 83.61% 735.55%
EBIT Growth		 0.00% 39.80% -20.05% -216.48% -1.04% 70.02% 303.90%
NOPAT Growth		 0.00% 42.33% -36.11% -204.71% 5.65% 65.77% 368.54%
Net Income Growth		 0.00% 36.64% -19.01% -194.20% -3.35% 68.62% 283.71%
EPS Growth		 0.00% 48.99% 57.89% -6.25% 4.41% 70.77% 263.16%
Operating Cash Flow Growth		 0.00% -1,453.99% 83.90% -490.81% 50.68% 462.91% 191.30%
Free Cash Flow Firm Growth		 0.00% 0.00% 60.95% -431.76% -27.51% 104.57% -1,116.62%
Invested Capital Growth		 0.00% 0.00% 10.59% 132.86% 88.41% -11.32% 61.48%
Revenue Q/Q Growth		 0.00% 0.00% 0.00% 9.33% 8.47% 7.40% 5.84%
EBITDA Q/Q Growth		 0.00% 0.00% 0.00% -4.63% -7.96% 61.65% 98.67%
EBIT Q/Q Growth		 0.00% 0.00% 0.00% -4.81% -8.62% 41.66% 149.99%
NOPAT Q/Q Growth		 0.00% 0.00% 0.00% -5.52% -7.67% 41.09% 204.17%
Net Income Q/Q Growth		 0.00% 0.00% 0.00% -2.54% -15.29% 44.21% 223.60%
EPS Q/Q Growth		 0.00% 0.00% 0.00% -70.00% -12.07% 44.12% 244.44%
Operating Cash Flow Q/Q Growth		 0.00% 0.00% 22.10% -65.62% 49.46% 76.12% 40.67%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 17.46% 121.64% -1,211.29%
Invested Capital Q/Q Growth		 0.00% 0.00% 0.00% 99.31% 10.90% -2.91% 49.91%
Profitability Metrics		 - - - - - - -
Gross Margin		 42.08% 47.13% 48.29% 49.98% 56.41% 59.21% 60.21%
EBITDA Margin		 -37.91% -10.28% -6.83% -16.69% -11.00% -1.35% 7.23%
Operating Margin		 -39.98% -11.36% -8.66% -18.52% -12.09% -3.09% 4.74%
EBIT Margin		 -40.01% -11.86% -7.98% -17.72% -12.39% -2.78% 4.38%
Profit (Net Income) Margin		 -40.60% -12.67% -8.45% -17.45% -12.48% -2.93% 4.15%
Tax Burden Percent		 100.51% 103.70% 102.77% 100.92% 105.27% 122.24% 94.84%
Interest Burden Percent		 100.98% 103.00% 103.05% 97.54% 95.65% 86.22% 100.12%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 5.16%
Return on Invested Capital (ROIC)		 0.00% -58.63% -37.89% -66.06% -30.89% -8.58% 18.74%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% -35.88% -33.60% -57.73% -15.48% -5.12% 20.22%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 21.71% 26.09% 42.31% 7.54% 2.39% -9.89%
Return on Equity (ROE)		 0.00% -36.93% -11.80% -23.74% -23.35% -6.19% 8.86%
Cash Return on Invested Capital (CROIC)		 0.00% -258.63% -47.96% -145.89% -92.20% 3.42% -28.28%
Operating Return on Assets (OROA)		 0.00% -8.40% -7.40% -17.53% -13.51% -3.42% 5.79%
Return on Assets (ROA)		 0.00% -8.97% -7.84% -17.25% -13.61% -3.61% 5.50%
Return on Common Equity (ROCE)		 0.00% 44.24% -4.83% -23.74% -23.35% -6.19% 8.86%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 15.41% -8.07% -23.75% -22.26% -5.56% 0.00%
Net Operating Profit after Tax (NOPAT)		 -35 -20 -28 -85 -80 -27 73
NOPAT Margin		 -27.99% -7.95% -6.06% -12.96% -8.47% -2.16% 4.49%
Net Nonoperating Expense Percent (NNEP)		 0.00% -22.75% -4.29% -8.32% -15.41% -3.45% -1.48%
Return On Investment Capital (ROIC_SIMPLE)		 - - - -17.65% -12.08% -4.10% 7.16%
Cost of Revenue to Revenue		 57.92% 52.87% 51.71% 50.02% 43.59% 40.79% 39.80%
SG&A Expenses to Revenue		 20.27% 12.32% 15.47% 20.08% 19.00% 15.50% 13.77%
R&D to Revenue		 25.29% 15.87% 13.98% 21.23% 23.29% 21.35% 19.20%
Operating Expenses to Revenue		 82.06% 58.49% 56.95% 68.50% 68.50% 62.31% 55.47%
Earnings before Interest and Taxes (EBIT)		 -51 -30 -37 -116 -117 -35 72
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -48 -26 -31 -109 -104 -17 118
Valuation Ratios		 - - - - - - -
Price to Book Value (P/BV)		 0.00 0.00 7.04 4.07 6.79 6.72 3.32
Price to Tangible Book Value (P/TBV)		 0.00 0.00 7.04 4.07 7.86 7.45 3.55
Price to Revenue (P/Rev)		 4.13 2.04 7.38 2.99 3.81 3.54 1.76
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 42.47
Dividend Yield		 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% 2.35%
Enterprise Value to Invested Capital (EV/IC)		 0.00 11.54 38.68 9.21 10.07 13.69 5.16
Enterprise Value to Revenue (EV/Rev)		 0.00 3.13 6.50 2.53 3.61 3.25 1.53
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 0.00 21.13
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 34.95
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 34.03
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 0.00 21.11 7.69
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 376.37 0.00
Leverage & Solvency		 - - - - - - -
Debt to Equity		 0.00 0.45 0.00 0.00 0.25 0.00 0.18
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.25 0.00 0.18
Financial Leverage		 0.00 -0.60 -0.78 -0.73 -0.49 -0.47 -0.49
Leverage Ratio		 0.00 2.06 1.51 1.38 1.72 1.72 1.61
Compound Leverage Factor		 0.00 2.12 1.55 1.34 1.64 1.48 1.61
Debt to Total Capital		 0.00% 31.20% 0.00% 0.00% 20.02% 0.37% 15.37%
Short-Term Debt to Total Capital		 0.00% 31.20% 0.00% 0.00% 0.37% 0.37% 0.27%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 19.64% 0.00% 15.10%
Preferred Equity to Total Capital		 0.00% 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% 0.00%
Common Equity to Total Capital		 0.00% -82.43% 100.00% 100.00% 79.98% 99.63% 84.63%
Debt to EBITDA		 0.00 -3.03 0.00 0.00 -1.27 -0.14 1.33
Net Debt to EBITDA		 0.00 4.04 0.00 0.00 1.84 21.47 -3.25
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 -1.25 0.00 1.31
Debt to NOPAT		 0.00 -3.92 0.00 0.00 -1.66 -0.09 2.15
Net Debt to NOPAT		 0.00 5.22 0.00 0.00 2.39 13.36 -5.23
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 -1.63 0.00 2.11
Altman Z-Score		 0.00 1.80 14.82 5.86 4.79 8.80 4.53
Noncontrolling Interest Sharing Ratio		 0.00% 219.82% 59.04% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - -
Current Ratio		 0.00 1.90 4.29 3.20 2.54 2.73 3.30
Quick Ratio		 0.00 1.03 2.85 1.44 0.88 1.12 1.36
Cash Flow Metrics		 - - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 -90 -35 -187 -239 11 -111
Operating Cash Flow to CapEx		 117.01% -2,613.48% -405.62% -1,538.82% -588.64% 1,098.66% 777.34%
Free Cash Flow to Firm to Interest Expense		 0.00 -75.79 -28.02 -143.71 -101.44 3.36 -14.57
Operating Cash Flow to Interest Expense		 5.25 -96.05 -14.64 -83.45 -22.78 60.01 42.71
Operating Cash Flow Less CapEx to Interest Expense		 0.76 -99.73 -18.25 -88.88 -26.66 54.55 37.21
Efficiency Ratios		 - - - - - - -
Asset Turnover		 0.00 0.71 0.93 0.99 1.09 1.23 1.32
Accounts Receivable Turnover		 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
Fixed Asset Turnover		 0.00 26.56 48.47 62.86 68.54 53.13 35.13
Accounts Payable Turnover		 0.00 31.92 86.77 81.69 19.67 20.13 29.17
Days Sales Outstanding (DSO)		 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
Days Payable Outstanding (DPO)		 0.00 11.44 4.21 4.47 18.55 18.13 12.51
Cash Conversion Cycle (CCC)		 0.00 -11.44 -4.21 -4.47 -18.55 -18.13 -12.51
Capital & Investment Metrics		 - - - - - - -
Invested Capital		 0.00 70 77 179 338 300 484
Invested Capital Turnover		 0.00 7.37 6.25 5.10 3.65 3.96 4.17
Increase / (Decrease) in Invested Capital		 0.00 70 7.38 102 159 -38 184
Enterprise Value (EV)		 0.00 804 2,981 1,653 3,405 4,105 2,500
Market Capitalization		 523 523 3,384 1,954 3,596 4,470 2,885
Book Value per Share		 $0.00 ($9.85) $2.93 $2.81 $2.86 $3.36 $4.16
Tangible Book Value per Share		 $0.00 ($9.85) $2.93 $2.81 $2.47 $3.03 $3.88
Total Capital		 0.00 256 480 480 662 668 1,027
Total Debt		 0.00 80 0.00 0.00 132 2.47 158
Total Long-Term Debt		 0.00 0.00 0.00 0.00 130 0.00 155
Net Debt		 0.00 -107 -403 -301 -191 -366 -385
Capital Expenditures (CapEx)		 7.21 4.37 4.53 7.06 9.10 18 42
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 0.00 57 63 160 244 203 377
Debt-free Net Working Capital (DFNWC)		 0.00 244 466 460 568 571 920
Net Working Capital (NWC)		 0.00 164 466 460 565 569 917
Net Nonoperating Expense (NNE)		 16 12 11 29 38 9.62 5.54
Net Nonoperating Obligations (NNO)		 0.00 -107 -403 -301 -191 -366 -385
Total Depreciation and Amortization (D&A)		 2.66 4.06 5.26 6.72 13 18 47
Debt-free, Cash-free Net Working Capital to Revenue		 0.00% 22.13% 13.67% 24.43% 25.85% 16.05% 23.07%
Debt-free Net Working Capital to Revenue		 0.00% 94.78% 101.60% 70.43% 60.13% 45.17% 56.25%
Net Working Capital to Revenue		 0.00% 63.65% 101.60% 70.43% 59.86% 44.98% 56.07%
Earnings Adjustments		 - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 ($0.64) ($0.68) ($0.65) ($0.19) $0.33
Adjusted Weighted Average Basic Shares Outstanding		 0.00 0.00 60.73M 167.77M 180.82M 194.65M 205.83M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 ($0.64) ($0.68) ($0.65) ($0.19) $0.31
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 0.00 60.73M 167.77M 180.82M 194.65M 217.57M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $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 210.65M
Normalized Net Operating Profit after Tax (NOPAT)		 -35 -20 -28 -85 -80 -27 73
Normalized NOPAT Margin		 -27.99% -7.95% -6.06% -12.96% -8.47% -2.16% 4.49%
Pre Tax Income Margin		 -40.40% -12.22% -8.22% -17.29% -11.85% -2.39% 4.38%
Debt Service Ratios		 - - - - - - -
EBIT to Interest Expense		 -31.49 -25.64 -29.14 -88.96 -49.76 -10.83 9.40
NOPAT to Interest Expense		 -22.03 -17.18 -22.14 -65.07 -33.99 -8.44 9.65
EBIT Less CapEx to Interest Expense		 -35.97 -29.31 -32.75 -94.38 -53.63 -16.29 3.90
NOPAT Less CapEx to Interest Expense		 -26.51 -20.86 -25.75 -70.50 -37.86 -13.90 4.16
Payout Ratios		 - - - - - - -
Dividend Payout Ratio		 0.00% 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% 35.17%

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 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 - - - - - - - - - - 210,654,386.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 210,654,386.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - 0.23
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 42.76% 38.59% 32.01% 30.93% 39.27% 32.91% 34.37% 34.41% 24.65% 25.66% 25.21%
EBITDA Growth		 -3.73% -38.44% 32.73% 63.27% 121.44% 99.28% 211.14% 330.32% 252.83% 2,903.51% 200.14%
EBIT Growth		 -8.18% -42.66% 27.18% 49.43% 106.72% 80.65% 167.11% 177.05% 406.62% 713.96% 265.71%
NOPAT Growth		 -3.61% -35.57% 28.91% 13.50% 100.73% 87.94% 166.54% 206.90% 4,369.36% 1,790.89% 444.67%
Net Income Growth		 -7.82% -80.57% 25.55% 35.86% 105.38% 83.66% 153.85% 154.06% 360.56% 820.06% 332.11%
EPS Growth		 0.00% -63.64% 31.25% 45.45% 105.00% 83.33% 145.45% 150.00% 300.00% 733.33% 360.00%
Operating Cash Flow Growth		 153.94% 64.85% -2,374.22% 194.22% 405.58% 295.75% 333.95% -15.76% -99.07% 648.98% 1.37%
Free Cash Flow Firm Growth		 -240.89% -52.34% 28.59% 67.50% 98.44% 119.77% 209.71% 275.63% -54.69% -492.96% -88.92%
Invested Capital Growth		 238.60% 88.41% 63.86% 26.63% 1.29% -11.32% -44.21% -38.78% 4.59% 61.48% 12.60%
Revenue Q/Q Growth		 3.25% 9.57% 1.65% 13.86% 9.82% 4.57% 2.76% 13.89% 1.86% 5.41% 2.40%
EBITDA Q/Q Growth		 -100.23% 16.93% 35.24% 65.90% 216.84% -102.78% 10,125.25% -29.32% 86.51% 122.64% 14.98%
EBIT Q/Q Growth		 -85.24% 15.17% 30.66% 53.58% 124.62% -344.19% 340.42% -46.71% 61.92% 195.93% 43.21%
NOPAT Q/Q Growth		 -102.51% 15.99% 35.64% 21.00% 101.70% -1,497.59% 455.09% 26.91% -29.04% 428.75% 14.38%
Net Income Q/Q Growth		 -89.15% 1.78% 39.81% 42.64% 115.85% -398.59% 298.32% -42.42% 35.08% 366.83% 19.01%
EPS Q/Q Growth		 -81.82% 10.00% 38.89% 45.45% 116.67% -400.00% 266.67% -40.00% 33.33% 375.00% 21.05%
Operating Cash Flow Q/Q Growth		 155.93% -197.91% -64.81% 186.08% 200.13% -62.09% 138.88% -69.01% -96.67% 10,821.02% -45.27%
Free Cash Flow Firm Q/Q Growth		 19.75% 25.06% 2.40% 44.62% 96.15% 1,049.44% 441.70% -11.34% -103.39% -2,311.91% 115.27%
Invested Capital Q/Q Growth		 -6.10% 10.90% 22.98% -1.13% -24.88% -2.91% -22.63% 8.49% 28.33% 49.91% -46.05%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 55.75% 58.82% 59.13% 58.30% 59.19% 60.10% 60.19% 59.01% 58.73% 62.73% 62.07%
EBITDA Margin		 -13.74% -10.42% -6.64% -1.99% 2.11% -0.06% 5.49% 3.41% 6.24% 13.18% 14.79%
Operating Margin		 -15.27% -11.71% -7.41% -5.14% 0.11% -1.06% 3.38% 3.56% 2.81% 8.78% 11.87%
EBIT Margin		 -15.16% -11.73% -8.00% -3.26% 0.73% -1.71% 4.00% 1.87% 2.97% 8.35% 11.67%
Profit (Net Income) Margin		 -14.76% -13.23% -7.83% -3.95% 0.57% -1.63% 3.14% 1.59% 2.10% 9.32% 10.83%
Tax Burden Percent		 100.73% 118.30% 104.97% 137.38% 50.89% 111.47% 75.97% 80.55% 71.07% 114.02% 94.20%
Interest Burden Percent		 96.66% 95.30% 93.24% 88.03% 153.01% 85.41% 103.38% 105.34% 99.60% 97.94% 98.52%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 49.11% 0.00% 24.03% 19.45% 28.93% -14.02% 5.80%
Return on Invested Capital (ROIC)		 -47.13% -29.91% -15.65% -10.59% 0.21% -2.95% 10.76% 12.63% 9.76% 41.75% 78.26%
ROIC Less NNEP Spread (ROIC-NNEP)		 -43.85% -24.49% -11.86% -10.00% -0.42% -1.83% 10.10% 14.18% 9.64% 42.56% 78.54%
Return on Net Nonoperating Assets (RNNOA)		 26.40% 11.93% 4.26% 3.28% 0.20% 0.85% -4.96% -7.19% -5.38% -20.81% -54.79%
Return on Equity (ROE)		 -20.74% -17.97% -11.39% -7.31% 0.41% -2.09% 5.80% 5.45% 4.38% 20.94% 23.47%
Cash Return on Invested Capital (CROIC)		 -146.40% -92.20% -70.59% -43.21% -16.42% 3.42% 58.78% 52.71% 3.16% -28.28% 35.00%
Operating Return on Assets (OROA)		 -17.33% -12.79% -9.01% -4.07% 0.95% -2.11% 4.97% 2.58% 4.21% 11.05% 16.21%
Return on Assets (ROA)		 -16.87% -14.42% -8.81% -4.92% 0.74% -2.01% 3.91% 2.19% 2.98% 12.33% 15.04%
Return on Common Equity (ROCE)		 -20.74% -17.97% -11.39% -7.31% 0.41% -2.09% 5.80% 5.45% 4.38% 20.94% 23.47%
Return on Equity Simple (ROE_SIMPLE)		 -19.44% 0.00% -20.13% -17.94% -10.51% 0.00% -0.63% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -26 -22 -14 -11 0.19 -2.62 9.29 12 8.37 44 51
NOPAT Margin		 -10.69% -8.20% -5.19% -3.60% 0.06% -0.74% 2.57% 2.86% 2.00% 10.01% 11.18%
Net Nonoperating Expense Percent (NNEP)		 -3.29% -5.42% -3.79% -0.59% 0.64% -1.12% 0.66% -1.54% 0.12% -0.81% -0.28%
Return On Investment Capital (ROIC_SIMPLE)		 - -3.28% - - - -0.39% 1.28% 1.54% 1.05% 4.31% 5.56%
Cost of Revenue to Revenue		 44.25% 41.18% 40.87% 41.70% 40.81% 39.90% 39.81% 40.99% 41.27% 37.27% 37.93%
SG&A Expenses to Revenue		 20.62% 18.38% 16.41% 14.98% 15.13% 15.59% 14.61% 14.47% 13.34% 12.83% 12.18%
R&D to Revenue		 23.60% 22.38% 23.49% 22.05% 20.34% 20.07% 20.42% 18.82% 19.17% 18.58% 17.58%
Operating Expenses to Revenue		 71.02% 70.53% 66.54% 63.44% 59.08% 61.17% 56.81% 55.45% 55.93% 53.95% 50.20%
Earnings before Interest and Taxes (EBIT)		 -37 -31 -22 -10.00 2.46 -6.01 14 7.70 12 37 53
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -33 -28 -18 -6.09 7.12 -0.20 20 14 26 58 67
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 8.69 6.79 6.99 4.03 4.14 6.72 5.77 5.00 4.22 3.32 3.64
Price to Tangible Book Value (P/TBV)		 10.09 7.86 8.02 4.58 4.64 7.45 6.32 5.44 4.55 3.55 3.88
Price to Revenue (P/Rev)		 5.25 3.81 3.80 2.16 2.22 3.54 3.08 2.62 2.18 1.76 1.91
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 271.74 160.10 42.47 31.25
Dividend Yield		 0.00% 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% 0.37% 0.62% 2.35% 3.20%
Enterprise Value to Invested Capital (EV/IC)		 14.26 10.07 8.91 5.27 7.42 13.69 15.87 13.16 8.94 5.16 10.16
Enterprise Value to Revenue (EV/Rev)		 5.00 3.61 3.67 2.00 1.95 3.25 2.71 2.27 1.87 1.53 1.54
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 0.00 178.02 81.21 48.48 21.13 16.29
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 4,063.08 178.06 100.87 34.95 24.15
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 560.14 217.11 119.51 34.03 22.97
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 20.75 21.11 9.58 8.80 12.49 7.69 8.14
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 376.37 19.34 18.97 289.35 0.00 30.75
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.00 0.25 0.28 0.03 0.00 0.00 0.00 0.00 0.00 0.18 0.00
Long-Term Debt to Equity		 0.00 0.25 0.27 0.03 0.00 0.00 0.00 0.00 0.00 0.18 0.00
Financial Leverage		 -0.60 -0.49 -0.36 -0.33 -0.47 -0.47 -0.49 -0.51 -0.56 -0.49 -0.70
Leverage Ratio		 1.53 1.72 1.72 1.58 1.56 1.72 1.71 1.57 1.53 1.61 1.52
Compound Leverage Factor		 1.48 1.64 1.60 1.40 2.39 1.46 1.77 1.66 1.52 1.58 1.50
Debt to Total Capital		 0.45% 20.02% 21.72% 2.92% 0.38% 0.37% 0.33% 0.35% 0.34% 15.37% 0.31%
Short-Term Debt to Total Capital		 0.45% 0.37% 0.35% 0.40% 0.38% 0.37% 0.33% 0.35% 0.34% 0.27% 0.31%
Long-Term Debt to Total Capital		 0.00% 19.64% 21.37% 2.52% 0.00% 0.00% 0.00% 0.00% 0.00% 15.10% 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% 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% 0.00%
Common Equity to Total Capital		 99.55% 79.98% 78.28% 97.08% 99.62% 99.63% 99.67% 99.65% 99.66% 84.63% 99.69%
Debt to EBITDA		 -0.02 -1.27 -1.60 -0.21 -0.05 -0.14 0.12 0.07 0.05 1.33 0.02
Net Debt to EBITDA		 2.30 1.84 1.40 1.98 7.25 21.47 -23.77 -12.58 -7.96 -3.25 -3.97
Long-Term Debt to EBITDA		 0.00 -1.25 -1.58 -0.18 0.00 0.00 0.00 0.00 0.00 1.31 0.00
Debt to NOPAT		 -0.03 -1.66 -2.05 -0.24 -0.05 -0.09 0.37 0.17 0.11 2.15 0.02
Net Debt to NOPAT		 2.98 2.39 1.80 2.31 6.93 13.36 -74.79 -33.63 -19.63 -5.23 -5.59
Long-Term Debt to NOPAT		 0.00 -1.63 -2.02 -0.21 0.00 0.00 0.00 0.00 0.00 2.11 0.00
Altman Z-Score		 9.68 5.06 5.23 4.73 5.75 8.89 7.94 7.08 6.27 4.45 5.80
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 2.43 2.54 2.64 2.46 2.66 2.73 2.78 2.85 2.88 3.30 2.84
Quick Ratio		 0.74 0.88 0.78 0.54 1.00 1.12 1.40 1.42 1.27 1.36 1.48
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -241 -180 -176 -97 -3.75 36 193 171 -5.81 -140 21
Operating Cash Flow to CapEx		 1,113.46% -1,098.65% -1,316.83% 1,148.94% 3,753.43% 1,065.40% 785.85% 263.15% 0.00% 1,589.65% 891.49%
Free Cash Flow to Firm to Interest Expense		 -411.40 -229.46 -228.90 -130.85 -4.94 36.87 148.66 103.76 -2.74 -55.00 8.78
Operating Cash Flow to Interest Expense		 49.62 -36.16 -73.87 65.64 193.10 57.53 102.31 24.96 0.65 58.74 33.60
Operating Cash Flow Less CapEx to Interest Expense		 45.16 -39.45 -79.48 59.92 187.96 52.13 89.29 15.48 0.72 55.05 29.83
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 1.14 1.09 1.13 1.25 1.31 1.23 1.24 1.38 1.41 1.32 1.39
Accounts Receivable Turnover		 0.00 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 0.00
Fixed Asset Turnover		 69.69 68.54 63.11 60.85 60.23 53.13 44.63 42.10 40.32 35.13 33.98
Accounts Payable Turnover		 30.24 19.67 56.32 23.55 27.92 20.13 21.47 29.69 25.56 29.17 20.05
Days Sales Outstanding (DSO)		 0.00 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 0.00
Days Payable Outstanding (DPO)		 12.07 18.55 6.48 15.50 13.07 18.13 17.00 12.30 14.28 12.51 18.21
Cash Conversion Cycle (CCC)		 -12.07 -18.55 -6.48 -15.50 -13.07 -18.13 -17.00 -12.30 -14.28 -12.51 -18.21
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 305 338 416 411 309 300 232 252 323 484 261
Invested Capital Turnover		 4.41 3.65 3.02 2.94 3.84 3.96 4.19 4.41 4.89 4.17 7.00
Increase / (Decrease) in Invested Capital		 215 159 162 86 3.94 -38 -184 -159 14 184 29
Enterprise Value (EV)		 4,349 3,405 3,707 2,165 2,291 4,105 3,681 3,313 2,887 2,500 2,655
Market Capitalization		 4,570 3,596 3,840 2,333 2,613 4,470 4,173 3,826 3,361 2,885 3,301
Book Value per Share		 $2.90 $2.86 $2.89 $3.01 $3.23 $3.36 $3.61 $3.75 $3.87 $4.16 $4.31
Tangible Book Value per Share		 $2.50 $2.47 $2.52 $2.65 $2.89 $3.03 $3.29 $3.45 $3.58 $3.88 $4.04
Total Capital		 528 662 702 596 633 668 726 768 800 1,027 910
Total Debt		 2.35 132 152 17 2.43 2.47 2.42 2.67 2.72 158 2.84
Total Long-Term Debt		 0.00 130 150 15 0.00 0.00 0.00 0.00 0.00 155 0.00
Net Debt		 -221 -191 -134 -168 -322 -366 -491 -513 -474 -385 -646
Capital Expenditures (CapEx)		 2.61 2.59 4.31 4.26 3.91 5.22 17 16 -0.16 9.41 9.19
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 208 244 321 316 215 203 135 160 231 377 162
Debt-free Net Working Capital (DFNWC)		 431 568 607 501 540 571 629 676 708 920 811
Net Working Capital (NWC)		 428 565 604 499 537 569 627 673 705 917 808
Net Nonoperating Expense (NNE)		 9.82 13 7.11 1.06 -1.73 3.11 -2.06 5.26 -0.46 3.04 1.57
Net Nonoperating Obligations (NNO)		 -221 -191 -134 -168 -322 -366 -491 -513 -474 -385 -646
Total Depreciation and Amortization (D&A)		 3.42 3.48 3.68 3.91 4.66 5.81 5.40 6.33 14 21 14
Debt-free, Cash-free Net Working Capital to Revenue		 23.84% 25.85% 31.76% 29.20% 18.28% 16.05% 9.96% 10.95% 14.97% 23.07% 9.39%
Debt-free Net Working Capital to Revenue		 49.48% 60.13% 60.09% 46.32% 45.85% 45.17% 46.37% 46.24% 45.83% 56.25% 46.99%
Net Working Capital to Revenue		 49.21% 59.86% 59.85% 46.09% 45.64% 44.98% 46.19% 46.06% 45.66% 56.07% 46.82%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.20) ($0.18) ($0.11) ($0.06) $0.01 ($0.03) $0.06 $0.03 $0.04 $0.20 $0.23
Adjusted Weighted Average Basic Shares Outstanding		 182.60M 180.82M 189.85M 193.45M 196.17M 194.65M 201.74M 204.69M 207.15M 205.83M 211.03M
Adjusted Diluted Earnings per Share		 ($0.20) ($0.18) ($0.11) ($0.06) $0.01 ($0.03) $0.05 $0.03 $0.04 $0.19 $0.23
Adjusted Weighted Average Diluted Shares Outstanding		 182.60M 180.82M 189.85M 193.45M 205.25M 194.65M 218.41M 218.98M 217.23M 217.57M 217.05M
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 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 185.16M 188.51M 192.48M 195.14M 198.06M 200.61M 203.86M 206.19M 209.05M 210.65M 210.56M
Normalized Net Operating Profit after Tax (NOPAT)		 -26 -22 -14 -11 0.19 -2.62 9.29 12 8.37 27 51
Normalized NOPAT Margin		 -10.69% -8.20% -5.19% -3.60% 0.06% -0.74% 2.57% 2.86% 2.00% 6.14% 11.18%
Pre Tax Income Margin		 -14.65% -11.18% -7.46% -2.87% 1.12% -1.46% 4.13% 1.97% 2.96% 8.18% 11.50%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 -62.60 -39.52 -28.01 -13.42 3.24 -6.22 11.13 4.67 5.89 14.49 21.69
NOPAT to Interest Expense		 -44.16 -27.61 -18.16 -14.81 0.25 -2.71 7.15 7.15 3.96 17.38 20.77
EBIT Less CapEx to Interest Expense		 -67.05 -42.81 -33.62 -19.13 -1.91 -11.62 -1.89 -4.82 5.97 10.80 17.92
NOPAT Less CapEx to Interest Expense		 -48.61 -30.90 -23.77 -20.52 -4.90 -8.11 -5.86 -2.34 4.03 13.68 17.00
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% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 35.17% 62.85%

Financials Breakdown Chart

Key Financial Trends

Remitly Global (NASDAQ: RELY) showed a clear improvement in profitability and balance-sheet strength in Q1 2026, even though the business still runs with relatively thin operating margins and meaningful current liabilities. Revenue continued to grow year over year, cash remained ample, and the company now appears to be operating with no long-term debt.

What stands out most: Remitly generated $452.8 million in Q1 2026 revenue, up from $361.6 million in Q1 2025. Net income also improved sharply to $49.1 million from $11.4 million a year earlier, while operating cash flow stayed strong at $81.9 million.

  • Revenue growth remains solid. Q1 2026 revenue rose about 25% year over year, showing continued demand for the company’s cross-border money transfer platform.
  • Profitability improved significantly. Net income increased to $49.1 million from $11.4 million in Q1 2025, a strong step up in earnings power.
  • Operating cash flow is healthy. The company produced $81.9 million in operating cash flow in Q1 2026, which supports flexibility and self-funding.
  • Cash balance is strong. Cash and equivalents climbed to $649.1 million at the end of Q1 2026, up from $493.9 million in Q1 2025.
  • No long-term debt on the balance sheet. Remitly reported $0 in long-term debt in Q1 2026, which reduces financial risk.
  • Equity increased. Total common equity reached $907.4 million, up from $723.5 million a year earlier, reflecting a stronger capital base.
  • Gross profit stayed sizable. Gross profit of $281.1 million in Q1 2026 gives the company room to invest in growth while still moving toward profitability.
  • Share count remains elevated. Diluted weighted average shares were 217.0 million in Q1 2026, so dilution is still a factor investors should monitor.
  • Current liabilities are still large. Total current liabilities of $439.4 million are substantial, though they are well covered by current assets.
  • Operating margin is still modest. Q1 2026 operating income was $53.7 million on $452.8 million of revenue, indicating the business is profitable but not yet operating with a wide margin of safety.

Looking at the longer trend, Remitly has come a long way from 2023, when it was still posting quarterly losses and weaker operating cash flow. In 2024, revenue growth accelerated, losses narrowed, and cash generation improved. By 2025 and into Q1 2026, the company has moved closer to sustained profitability, with much stronger earnings and a larger cash cushion.

Bottom line: Remitly’s latest quarter points to a company that is scaling well and improving financial quality. The main positives are revenue growth, strong cash flow, and a debt-light balance sheet. The main caution is that profitability remains relatively thin, so investors should watch whether the company can keep expanding earnings without a big increase in costs.

06/03/26 06:24 PM ETAI Generated. May Contain Errors.

Remitly Global Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Remitly Global's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Remitly Global's net income appears to be on a downward trend, with a most recent value of $67.93 million in 2025, falling from -$51.39 million in 2019. The previous period was -$36.98 million in 2024. Check out Remitly Global's forecast to explore projected trends and price targets.

Remitly Global's total operating income in 2025 was $77.47 million, based on the following breakdown:
  • Total Gross Profit: $984.44 million
  • Total Operating Expenses: $906.97 million

Over the last 6 years, Remitly Global's total revenue changed from $126.57 million in 2019 to $1.64 billion in 2025, a change of 1,191.9%.

Remitly Global's total liabilities were at $589.92 million at the end of 2025, a 69.8% increase from 2024, and a 216.1% increase since 2020.

In the past 5 years, Remitly Global's cash and equivalents has ranged from $186.69 million in 2020 to $542.43 million in 2025, and is currently $542.43 million as of their latest financial filing in 2025.

Over the last 6 years, Remitly Global's book value per share changed from 0.00 in 2019 to 4.16 in 2025, a change of 415.6%.


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Financial statements for NASDAQ:RELY last updated on 5/8/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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