What is Remitly Global's operating income?

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

Remitly Global (RELY) Financials

$21.99 +0.06 (+0.27%)

Closing price 09/11/2026 04:00 PM Eastern

Extended Trading

$22.10 +0.12 (+0.52%)

As of 09/11/2026 07:42 PM Eastern

Compare

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

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	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	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	6/30/2026
Net Income / (Loss) Attributable to Common Shareholders	-35	-21	-12	1.92	-5.72	11	6.54	8.83	41	49	206
Consolidated Net Income / (Loss)	-35	-21	-12	1.92	-5.72	11	6.54	8.83	41	49	206
Net Income / (Loss) Continuing Operations	-35	-21	-12	1.92	-5.72	11	6.54	8.83	41	49	206
Total Pre-Tax Income	-30	-20	-8.80	3.77	-5.14	15	8.11	12	36	52	65
Total Operating Income	-31	-20	-16	0.37	-3.74	12	15	12	39	54	67
Total Gross Profit	156	159	179	199	211	218	243	246	277	281	307
Total Revenue	265	269	306	337	352	362	412	419	442	453	495
Operating Revenue	265	269	306	337	352	362	412	419	442	453	495
Total Cost of Revenue	109	110	128	137	140	144	169	173	165	172	188
Operating Cost of Revenue	109	110	128	137	140	144	169	173	165	172	188
Total Operating Expenses	187	179	194	199	215	205	228	235	239	227	241
Selling, General & Admin Expense	49	44	46	51	55	53	60	56	57	55	56
Marketing Expense	75	68	77	75	84	73	85	92	93	86	104
Research & Development Expense	59	63	68	68	71	74	77	80	82	80	74
Depreciation Expense	3.48	3.68	3.91	4.66	5.81	5.40	6.33	6.43	6.88	6.20	6.31
Total Other Income / (Expense), net	1.40	-0.13	6.96	3.40	-1.40	2.71	-6.53	0.65	-2.67	-1.67	-2.04
Interest Expense	0.79	0.77	0.75	0.76	0.97	1.30	1.65	2.12	2.55	2.44	3.15
Interest & Investment Income	2.25	2.23	1.94	2.07	1.84	1.79	2.06	2.07	1.79	1.65	1.49
Other Income / (Expense), net	-0.06	-1.59	5.76	2.09	-2.27	2.22	-6.94	0.70	-1.90	-0.88	-0.37
Income Tax Expense	5.42	1.00	3.29	1.85	0.59	3.59	1.58	3.59	-5.07	3.02	-141
Basic Earnings per Share	($0.18)	($0.11)	($0.06)	$0.01	($0.03)	$0.06	$0.03	$0.04	$0.20	$0.23	$0.98
Weighted Average Basic Shares Outstanding	180.82M	189.85M	193.45M	196.17M	194.65M	201.74M	204.69M	207.15M	205.83M	211.03M	210.84M
Diluted Earnings per Share	($0.18)	($0.11)	($0.06)	$0.01	($0.03)	$0.05	$0.03	$0.04	$0.19	$0.23	$0.93
Weighted Average Diluted Shares Outstanding	180.82M	189.85M	193.45M	205.25M	194.65M	218.41M	218.98M	217.23M	217.57M	217.05M	221.05M
Weighted Average Basic & Diluted Shares Outstanding	188.51M	192.48M	195.14M	198.06M	200.61M	203.86M	206.19M	209.05M	210.65M	210.56M	211.68M

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

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	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	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	6/30/2026
Net Change in Cash & Equivalents	101	-36	-100	138	43	126	22	-39	66	106	27
Net Cash From Operating Activities	-28	-57	49	147	56	81	41	1.37	150	82	135
Net Cash From Continuing Operating Activities	-28	-57	49	147	56	81	41	1.37	150	82	135
Net Income / (Loss) Continuing Operations	-35	-21	-12	1.92	-5.72	11	6.54	8.83	41	49	206
Consolidated Net Income / (Loss)	-35	-21	-12	1.92	-5.72	11	6.54	8.83	41	49	206
Depreciation Expense	3.48	3.68	3.91	4.66	5.81	7.86	6.33	14	21	14	12
Non-Cash Adjustments To Reconcile Net Income	-66	-31	66	156	59	39	31	-65	100	29	36
Changes in Operating Assets and Liabilities, net	69	-7.91	-8.45	-15	-3.10	23	-2.68	44	-13	-11	-120
Net Cash From Investing Activities	-2.59	-4.31	-4.26	-3.91	-5.22	-17	-16	-19	-18	-14	-6.57
Net Cash From Continuing Investing Activities	-2.59	-4.31	-4.26	-3.91	-5.22	-17	-16	-19	-18	-14	-6.57
Purchase of Property, Plant & Equipment	-2.59	-4.31	-4.26	-3.91	-5.22	-14	-16	0.16	-9.41	-9.19	-4.52
Other Investing Activities, net	-	-	-	-	-	-3.35	-	-	-8.94	-4.56	-2.05
Net Cash From Financing Activities	130	26	-145	-10	1.46	59	-11	-20	-66	39	-100
Net Cash From Continuing Financing Activities	130	26	-145	-10	1.46	59	-11	-20	-66	39	-100
Repayment of Debt	-210	-255	-430	-308	-590	-1,059	-1,437	-1,611	-2,552	-2,518	-3,454
Repurchase of Common Equity	-	-	-	-	-	0.00	-	-	-12	-42	-23
Issuance of Debt	340	275	295	293	590	1,059	1,434	1,611	2,707	2,363	3,454
Other Financing Activities, net	0.04	1.12	-9.75	0.35	1.46	53	-8.34	-13	-209	230	-77
Effect of Exchange Rate Changes	1.87	-1.10	-0.13	5.17	-8.50	2.73	7.45	-1.72	0.65	-0.81	-0.91

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

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	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026
Period end date	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	6/30/2026
Total Assets	715	785	833	1,079	950	970	1,101	1,166	1,214	1,386	1,567
Total Current Assets	607	679	729	972	841	861	979	1,037	1,081	1,248	1,286
Cash & Equivalents	244	228	223	286	185	324	494	516	477	649	676
Prepaid Expenses	31	31	30	45	43	41	54	67	51	58	53
Other Current Assets	331	421	476	641	613	496	431	454	553	540	557
Plant, Property, & Equipment, net	13	13	15	19	22	24	41	47	52	60	60
Total Noncurrent Assets	96	92	89	88	87	85	80	82	80	78	221
Goodwill	55	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	1.06
Other Noncurrent Operating Assets	20	18	16	17	18	17	17	21	21	21	165
Total Liabilities & Shareholders' Equity	715	785	833	1,079	950	970	1,101	1,166	1,214	1,386	1,567
Total Liabilities	220	269	307	530	371	340	377	401	417	478	441
Total Current Liabilities	197	227	300	368	342	324	352	364	376	439	404
Short-Term Debt	2.49	2.43	2.35	2.45	2.39	2.43	2.42	2.67	2.72	2.84	3.02
Accounts Payable	2.91	18	18	12	21	17	39	19	32	29	40
Accrued Expenses	79	99	132	155	145	105	115	151	123	136	158
Other Current Liabilities	113	108	149	198	173	200	196	191	218	271	203
Total Noncurrent Liabilities	22	42	6.56	162	29	16	25	38	40	39	36
Long-Term Debt	-	34	-	150	15	0.00	-	-	-	0.00	0.00
Other Noncurrent Operating Liabilities	22	8.13	6.56	12	14	16	25	38	40	39	36
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	495	516	526	549	579	631	723	765	797	907	1,127
Total Preferred & Common Equity	495	516	526	549	579	631	723	765	797	907	1,127
Total Common Equity	495	516	526	549	579	631	723	765	797	907	1,127
Common Stock	898	937	983	1,062	1,104	1,151	1,240	1,271	1,295	1,316	1,330
Retained Earnings	-402	-421	-456	-512	-524	-523	-517	-510	-502	-411	-205
Accumulated Other Comprehensive Income / (Loss)	-0.40	-0.15	-1.14	-0.31	-0.40	1.88	0.08	4.18	3.70	2.43	2.24

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%

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

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	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	6/30/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	210,654,386.00	210,561,079.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	210,654,386.00	210,561,079.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	0.23	0.98
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	38.59%	32.01%	30.93%	39.27%	32.91%	34.37%	34.41%	24.65%	25.66%	25.21%	20.23%
EBITDA Growth	-38.44%	32.73%	63.27%	121.44%	99.28%	211.14%	330.32%	252.83%	2,903.51%	200.14%	184.25%
EBIT Growth	-42.66%	27.18%	49.43%	106.72%	80.65%	167.11%	177.05%	406.62%	713.96%	265.71%	760.85%
NOPAT Growth	-35.57%	28.91%	13.50%	100.73%	87.94%	166.54%	206.90%	4,369.36%	1,790.89%	444.67%	1,700.69%
Net Income Growth	-80.57%	25.55%	35.86%	105.38%	83.66%	153.85%	154.06%	360.56%	820.06%	332.11%	3,050.37%
EPS Growth	-63.64%	31.25%	45.45%	105.00%	83.33%	145.45%	150.00%	300.00%	733.33%	360.00%	3,000.00%
Operating Cash Flow Growth	64.85%	-2,374.22%	194.22%	405.58%	295.75%	333.95%	-15.76%	-99.07%	648.98%	1.37%	146.16%
Free Cash Flow Firm Growth	-52.34%	28.59%	67.50%	98.44%	119.77%	209.71%	275.63%	-54.69%	-492.96%	-88.92%	-93.80%
Invested Capital Growth	88.41%	63.86%	26.63%	1.29%	-11.32%	-44.21%	-38.78%	4.59%	61.48%	12.60%	80.17%
Revenue Q/Q Growth	9.57%	1.65%	13.86%	9.82%	4.57%	2.76%	13.89%	1.86%	5.41%	2.40%	9.35%
EBITDA Q/Q Growth	16.93%	35.24%	65.90%	216.84%	-102.78%	10,125.25%	-29.32%	86.51%	122.64%	14.98%	16.62%
EBIT Q/Q Growth	15.17%	30.66%	53.58%	124.62%	-344.19%	340.42%	-46.71%	61.92%	195.93%	43.21%	25.45%
NOPAT Q/Q Growth	15.99%	35.64%	21.00%	101.70%	-1,497.59%	455.09%	26.91%	-29.04%	428.75%	14.38%	319.58%
Net Income Q/Q Growth	1.78%	39.81%	42.64%	115.85%	-398.59%	298.32%	-42.42%	35.08%	366.83%	19.01%	319.77%
EPS Q/Q Growth	10.00%	38.89%	45.45%	116.67%	-400.00%	266.67%	-40.00%	33.33%	375.00%	21.05%	304.35%
Operating Cash Flow Q/Q Growth	-197.91%	-64.81%	186.08%	200.13%	-62.09%	138.88%	-69.01%	-96.67%	10,821.02%	-45.27%	64.39%
Free Cash Flow Firm Q/Q Growth	25.06%	2.40%	44.62%	96.15%	1,049.44%	441.70%	-11.34%	-103.39%	-2,311.91%	115.27%	-50.38%
Invested Capital Q/Q Growth	10.90%	22.98%	-1.13%	-24.88%	-2.91%	-22.63%	8.49%	28.33%	49.91%	-46.05%	73.60%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	58.82%	59.13%	58.30%	59.19%	60.10%	60.19%	59.01%	58.73%	62.73%	62.07%	62.07%
EBITDA Margin	-10.42%	-6.64%	-1.99%	2.11%	-0.06%	5.49%	3.41%	6.24%	13.18%	14.79%	15.78%
Operating Margin	-11.71%	-7.41%	-5.14%	0.11%	-1.06%	3.38%	3.56%	2.81%	8.78%	11.87%	13.47%
EBIT Margin	-11.73%	-8.00%	-3.26%	0.73%	-1.71%	4.00%	1.87%	2.97%	8.35%	11.67%	13.39%
Profit (Net Income) Margin	-13.23%	-7.83%	-3.95%	0.57%	-1.63%	3.14%	1.59%	2.10%	9.32%	10.83%	41.58%
Tax Burden Percent	118.30%	104.97%	137.38%	50.89%	111.47%	75.97%	80.55%	71.07%	114.02%	94.20%	318.53%
Interest Burden Percent	95.30%	93.24%	88.03%	153.01%	85.41%	103.38%	105.34%	99.60%	97.94%	98.52%	97.49%
Effective Tax Rate	0.00%	0.00%	0.00%	49.11%	0.00%	24.03%	19.45%	28.93%	-14.02%	5.80%	-218.53%
Return on Invested Capital (ROIC)	-29.91%	-15.65%	-10.59%	0.21%	-2.95%	10.76%	12.63%	9.76%	41.75%	78.26%	220.16%
ROIC Less NNEP Spread (ROIC-NNEP)	-24.49%	-11.86%	-10.00%	-0.42%	-1.83%	10.10%	14.18%	9.64%	42.56%	78.54%	221.25%
Return on Net Nonoperating Assets (RNNOA)	11.93%	4.26%	3.28%	0.20%	0.85%	-4.96%	-7.19%	-5.38%	-20.81%	-54.79%	-138.78%
Return on Equity (ROE)	-17.97%	-11.39%	-7.31%	0.41%	-2.09%	5.80%	5.45%	4.38%	20.94%	23.47%	81.38%
Cash Return on Invested Capital (CROIC)	-92.20%	-70.59%	-43.21%	-16.42%	3.42%	58.78%	52.71%	3.16%	-28.28%	35.00%	32.27%
Operating Return on Assets (OROA)	-12.79%	-9.01%	-4.07%	0.95%	-2.11%	4.97%	2.58%	4.21%	11.05%	16.21%	17.73%
Return on Assets (ROA)	-14.42%	-8.81%	-4.92%	0.74%	-2.01%	3.91%	2.19%	2.98%	12.33%	15.04%	55.06%
Return on Common Equity (ROCE)	-17.97%	-11.39%	-7.31%	0.41%	-2.09%	5.80%	5.45%	4.38%	20.94%	23.47%	81.38%
Return on Equity Simple (ROE_SIMPLE)	0.00%	-20.13%	-17.94%	-10.51%	0.00%	-0.63%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-22	-14	-11	0.19	-2.62	9.29	12	8.37	44	51	212
NOPAT Margin	-8.20%	-5.19%	-3.60%	0.06%	-0.74%	2.57%	2.86%	2.00%	10.01%	11.18%	42.89%
Net Nonoperating Expense Percent (NNEP)	-5.42%	-3.79%	-0.59%	0.64%	-1.12%	0.66%	-1.54%	0.12%	-0.81%	-0.28%	-1.09%
Return On Investment Capital (ROIC_SIMPLE)	-3.28%	-	-	-	-0.39%	1.28%	1.54%	1.05%	4.31%	5.56%	18.80%
Cost of Revenue to Revenue	41.18%	40.87%	41.70%	40.81%	39.90%	39.81%	40.99%	41.27%	37.27%	37.93%	37.93%
SG&A Expenses to Revenue	18.38%	16.41%	14.98%	15.13%	15.59%	14.61%	14.47%	13.34%	12.83%	12.18%	11.29%
R&D to Revenue	22.38%	23.49%	22.05%	20.34%	20.07%	20.42%	18.82%	19.17%	18.58%	17.58%	14.95%
Operating Expenses to Revenue	70.53%	66.54%	63.44%	59.08%	61.17%	56.81%	55.45%	55.93%	53.95%	50.20%	48.60%
Earnings before Interest and Taxes (EBIT)	-31	-22	-10.00	2.46	-6.01	14	7.70	12	37	53	66
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-28	-18	-6.09	7.12	-0.20	20	14	26	58	67	78
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	6.79	6.99	4.03	4.14	6.72	5.77	5.00	4.22	3.32	3.64	4.19
Price to Tangible Book Value (P/TBV)	7.86	8.02	4.58	4.64	7.45	6.32	5.44	4.55	3.55	3.88	4.41
Price to Revenue (P/Rev)	3.81	3.80	2.16	2.22	3.54	3.08	2.62	2.18	1.76	1.91	2.61
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	271.74	160.10	42.47	31.25	15.47
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%	0.37%	0.62%	2.35%	3.20%	6.46%
Enterprise Value to Invested Capital (EV/IC)	10.07	8.91	5.27	7.42	13.69	15.87	13.16	8.94	5.16	10.16	8.92
Enterprise Value to Revenue (EV/Rev)	3.61	3.67	2.00	1.95	3.25	2.71	2.27	1.87	1.53	1.54	2.24
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	178.02	81.21	48.48	21.13	16.29	18.94
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	4,063.08	178.06	100.87	34.95	24.15	24.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	560.14	217.11	119.51	34.03	22.97	12.82
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	20.75	21.11	9.58	8.80	12.49	7.69	8.14	9.96
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	376.37	19.34	18.97	289.35	0.00	30.75	35.55
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.25	0.28	0.03	0.00	0.00	0.00	0.00	0.00	0.18	0.00	0.00
Long-Term Debt to Equity	0.25	0.27	0.03	0.00	0.00	0.00	0.00	0.00	0.18	0.00	0.00
Financial Leverage	-0.49	-0.36	-0.33	-0.47	-0.47	-0.49	-0.51	-0.56	-0.49	-0.70	-0.63
Leverage Ratio	1.72	1.72	1.58	1.56	1.72	1.71	1.57	1.53	1.61	1.52	1.45
Compound Leverage Factor	1.64	1.60	1.40	2.39	1.46	1.77	1.66	1.52	1.58	1.50	1.41
Debt to Total Capital	20.02%	21.72%	2.92%	0.38%	0.37%	0.33%	0.35%	0.34%	15.37%	0.31%	0.27%
Short-Term Debt to Total Capital	0.37%	0.35%	0.40%	0.38%	0.37%	0.33%	0.35%	0.34%	0.27%	0.31%	0.27%
Long-Term Debt to Total Capital	19.64%	21.37%	2.52%	0.00%	0.00%	0.00%	0.00%	0.00%	15.10%	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%	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	79.98%	78.28%	97.08%	99.62%	99.63%	99.67%	99.65%	99.66%	84.63%	99.69%	99.73%
Debt to EBITDA	-1.27	-1.60	-0.21	-0.05	-0.14	0.12	0.07	0.05	1.33	0.02	0.01
Net Debt to EBITDA	1.84	1.40	1.98	7.25	21.47	-23.77	-12.58	-7.96	-3.25	-3.97	-3.15
Long-Term Debt to EBITDA	-1.25	-1.58	-0.18	0.00	0.00	0.00	0.00	0.00	1.31	0.00	0.00
Debt to NOPAT	-1.66	-2.05	-0.24	-0.05	-0.09	0.37	0.17	0.11	2.15	0.02	0.01
Net Debt to NOPAT	2.39	1.80	2.31	6.93	13.36	-74.79	-33.63	-19.63	-5.23	-5.59	-2.13
Long-Term Debt to NOPAT	-1.63	-2.02	-0.21	0.00	0.00	0.00	0.00	0.00	2.11	0.00	0.00
Altman Z-Score	5.06	5.23	4.73	5.75	8.89	7.94	7.08	6.27	4.45	5.80	8.21
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	2.54	2.64	2.46	2.66	2.73	2.78	2.85	2.88	3.30	2.84	3.18
Quick Ratio	0.88	0.78	0.54	1.00	1.12	1.40	1.42	1.27	1.36	1.48	1.67
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-180	-176	-97	-3.75	36	193	171	-5.81	-140	21	11
Operating Cash Flow to CapEx	-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%	2,980.96%
Free Cash Flow to Firm to Interest Expense	-229.46	-228.90	-130.85	-4.94	36.87	148.66	103.76	-2.74	-55.00	8.78	3.37
Operating Cash Flow to Interest Expense	-36.16	-73.87	65.64	193.10	57.53	102.31	24.96	0.65	58.74	33.60	42.71
Operating Cash Flow Less CapEx to Interest Expense	-39.45	-79.48	59.92	187.96	52.13	89.29	15.48	0.72	55.05	29.83	41.28
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.09	1.13	1.25	1.31	1.23	1.24	1.38	1.41	1.32	1.39	1.32
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	68.54	63.11	60.85	60.23	53.13	44.63	42.10	40.32	35.13	33.98	33.71
Accounts Payable Turnover	19.67	56.32	23.55	27.92	20.13	21.47	29.69	25.56	29.17	20.05	23.74
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)	18.55	6.48	15.50	13.07	18.13	17.00	12.30	14.28	12.51	18.21	15.37
Cash Conversion Cycle (CCC)	-18.55	-6.48	-15.50	-13.07	-18.13	-17.00	-12.30	-14.28	-12.51	-18.21	-15.37
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	338	416	411	309	300	232	252	323	484	261	453
Invested Capital Turnover	3.65	3.02	2.94	3.84	3.96	4.19	4.41	4.89	4.17	7.00	5.13
Increase / (Decrease) in Invested Capital	159	162	86	3.94	-38	-184	-159	14	184	29	202
Enterprise Value (EV)	3,405	3,707	2,165	2,291	4,105	3,681	3,313	2,887	2,500	2,655	4,045
Market Capitalization	3,596	3,840	2,333	2,613	4,470	4,173	3,826	3,361	2,885	3,301	4,719
Book Value per Share	$2.86	$2.89	$3.01	$3.23	$3.36	$3.61	$3.75	$3.87	$4.16	$4.31	$5.35
Tangible Book Value per Share	$2.47	$2.52	$2.65	$2.89	$3.03	$3.29	$3.45	$3.58	$3.88	$4.04	$5.09
Total Capital	662	702	596	633	668	726	768	800	1,027	910	1,130
Total Debt	132	152	17	2.43	2.47	2.42	2.67	2.72	158	2.84	3.02
Total Long-Term Debt	130	150	15	0.00	0.00	0.00	0.00	0.00	155	0.00	0.00
Net Debt	-191	-134	-168	-322	-366	-491	-513	-474	-385	-646	-673
Capital Expenditures (CapEx)	2.59	4.31	4.26	3.91	5.22	17	16	-0.16	9.41	9.19	4.52
Debt-free, Cash-free Net Working Capital (DFCFNWC)	244	321	316	215	203	135	160	231	377	162	208
Debt-free Net Working Capital (DFNWC)	568	607	501	540	571	629	676	708	920	811	885
Net Working Capital (NWC)	565	604	499	537	569	627	673	705	917	808	882
Net Nonoperating Expense (NNE)	13	7.11	1.06	-1.73	3.11	-2.06	5.26	-0.46	3.04	1.57	6.49
Net Nonoperating Obligations (NNO)	-191	-134	-168	-322	-366	-491	-513	-474	-385	-646	-673
Total Depreciation and Amortization (D&A)	3.48	3.68	3.91	4.66	5.81	5.40	6.33	14	21	14	12
Debt-free, Cash-free Net Working Capital to Revenue	25.85%	31.76%	29.20%	18.28%	16.05%	9.96%	10.95%	14.97%	23.07%	9.39%	11.51%
Debt-free Net Working Capital to Revenue	60.13%	60.09%	46.32%	45.85%	45.17%	46.37%	46.24%	45.83%	56.25%	46.99%	48.89%
Net Working Capital to Revenue	59.86%	59.85%	46.09%	45.64%	44.98%	46.19%	46.06%	45.66%	56.07%	46.82%	48.72%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.18)	($0.11)	($0.06)	$0.01	($0.03)	$0.06	$0.03	$0.04	$0.20	$0.23	$0.98
Adjusted Weighted Average Basic Shares Outstanding	180.82M	189.85M	193.45M	196.17M	194.65M	201.74M	204.69M	207.15M	205.83M	211.03M	210.84M
Adjusted Diluted Earnings per Share	($0.18)	($0.11)	($0.06)	$0.01	($0.03)	$0.05	$0.03	$0.04	$0.19	$0.23	$0.93
Adjusted Weighted Average Diluted Shares Outstanding	180.82M	189.85M	193.45M	205.25M	194.65M	218.41M	218.98M	217.23M	217.57M	217.05M	221.05M
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	188.51M	192.48M	195.14M	198.06M	200.61M	203.86M	206.19M	209.05M	210.65M	210.56M	211.68M
Normalized Net Operating Profit after Tax (NOPAT)	-22	-14	-11	0.19	-2.62	9.29	12	8.37	27	51	47
Normalized NOPAT Margin	-8.20%	-5.19%	-3.60%	0.06%	-0.74%	2.57%	2.86%	2.00%	6.14%	11.18%	9.43%
Pre Tax Income Margin	-11.18%	-7.46%	-2.87%	1.12%	-1.46%	4.13%	1.97%	2.96%	8.18%	11.50%	13.06%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-39.52	-28.01	-13.42	3.24	-6.22	11.13	4.67	5.89	14.49	21.69	21.04
NOPAT to Interest Expense	-27.61	-18.16	-14.81	0.25	-2.71	7.15	7.15	3.96	17.38	20.77	67.38
EBIT Less CapEx to Interest Expense	-42.81	-33.62	-19.13	-1.91	-11.62	-1.89	-4.82	5.97	10.80	17.92	19.61
NOPAT Less CapEx to Interest Expense	-30.90	-23.77	-20.52	-4.90	-8.11	-5.86	-2.34	4.03	13.68	17.00	65.95
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%	35.17%	62.85%	29.20%

Financials Breakdown Chart

Key Financial Trends

Remitly Global’s financial performance has improved materially over the reported period. Revenue increased from $169.3 million in Q3 2022 to a record $495.2 million in Q2 2026, including 9.4% growth from Q1 2026 and 20.2% growth from Q2 2025. Gross profit rose to $307.3 million, while the gross margin expanded to approximately 62.1% from 59.0% a year earlier. Operating income also improved to $66.7 million in Q2 2026, compared with $14.6 million in Q2 2025.

The balance sheet and cash flow statements show a stronger liquidity position, although investors should examine the quality and sustainability of recent earnings. Remitly generated $134.6 million of operating cash flow in Q2 2026 and ended the quarter with $676.4 million in cash and equivalents. However, the quarter included a substantial $141.3 million income-tax benefit that lifted reported net income to $205.9 million, well above pretax income of $64.6 million. The provided historical income statement and cash flow data also include restated periods, so comparisons should be interpreted carefully.

Strong revenue growth: Quarterly revenue increased at every reported comparison point, rising from $306.4 million in Q2 2024 to $495.2 million in Q2 2026 and representing roughly 61% growth over that two-year period.
Improving gross margins: Gross margin reached approximately 62.1% in Q2 2026, up from 59.0% in Q2 2025 and 58.3% in Q2 2024, indicating that revenue growth is increasingly translating into gross profit.
Operating profitability is strengthening: Operating income increased from $368,000 in Q3 2024 to $66.7 million in Q2 2026. The operating margin reached approximately 13.5% in the latest quarter.
Positive operating cash flow: Remitly generated $134.6 million of operating cash flow in Q2 2026, compared with $81.9 million in Q1 2026 and $41.2 million in Q2 2025. Operating cash flow has been positive in each of the supplied quarters since Q3 2023.
Healthy liquidity: Cash and equivalents increased to $676.4 million in Q2 2026 from $493.9 million in Q1 2025. Current assets of $1.29 billion were more than three times current liabilities of $404.3 million.
Limited reported debt burden: The Q2 2026 balance sheet showed only $3.0 million of short-term debt and no long-term debt. Remitly’s cash balance substantially exceeded its reported debt obligations.
Capital spending remains manageable: Q2 2026 purchases of property, plant and equipment totaled only $4.5 million, allowing most operating cash flow to remain available for liquidity, shareholder returns, or growth initiatives.
Reported net income benefited from taxes: Net income was $205.9 million, or $0.98 per basic share, but the result included a $141.3 million income-tax benefit. Pretax income was $64.6 million, making operating income and cash flow more useful measures of underlying performance for this quarter.
Working capital absorbed cash in Q2: Changes in operating assets and liabilities reduced operating cash flow by $119.5 million in Q2 2026. If this pattern persists, reported earnings may convert less efficiently into cash.
Share dilution remains a concern: Basic weighted-average shares increased to 210.8 million in Q2 2026 from 189.8 million in Q1 2024, while diluted shares reached 221.0 million. Equity issuance and stock-based compensation can limit per-share gains even as total earnings grow.

09/12/26 06:26 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%.

Related Companies

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

From Our Partners

Unlock superior investment research and tools.

Get MarketBeat All Access

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Remitly Global (RELY) Financials

Financials Breakdown Chart

Key Financial Trends

Remitly Global Financials - Frequently Asked Questions

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info

Remitly Global (RELY) Financials

Annual Income Statements for Remitly Global

Quarterly Income Statements for Remitly Global

Annual Cash Flow Statements for Remitly Global

Quarterly Cash Flow Statements for Remitly Global

Annual Balance Sheets for Remitly Global

Quarterly Balance Sheets for Remitly Global

Annual Metrics And Ratios for Remitly Global

Quarterly Metrics And Ratios for Remitly Global

Financials Breakdown Chart

Key Financial Trends

Remitly Global Financials - Frequently Asked Questions

When does Remitly Global's financial year end?

How has Remitly Global's net income changed over the last 6 years?

What is Remitly Global's operating income?

How has Remitly Global's revenue changed over the last 6 years?

How much debt does Remitly Global have?

How much cash does Remitly Global have?

How has Remitly Global's book value per share changed over the last 6 years?

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools