Remitly Global (RELY) Financials

$23.31 -0.44 (-1.85%)

Closing price 04:00 PM Eastern

Extended Trading

$23.78 +0.47 (+1.99%)

As of 05:59 PM Eastern

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	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

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	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

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	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

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	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

Here are the key takeaways from Remitly Global, Inc. (RELY) across the last four years of quarterly results, focusing on trends in revenue, profitability, cash flow, and balance sheet strength.

Revenue growth and improving margins in late 2025: Q4 2025 revenue rose to 442.18 million from 419.49 million in Q3 2025 (+ about 5.5%), with gross margin expanding to roughly 62.7% (277.38M / 442.18M) versus about 58.7% in Q3 2025.
Profitability improved in Q4 2025: Net income climbed to 41.22 million in Q4 2025, delivering basic EPS of 0.20 and diluted EPS of 0.19, up from Q3 2025’s 8.83 million net income and EPS of 0.04.
Operating income turned positive and grew: Q4 2025 operating income was 38.82 million, an improvement from 11.77 million in Q3 2025, signaling better operating leverage.
Strong cash generation from operations in Q4 2025: Net cash from continuing operating activities reached 149.62 million, with prior quarters also showing solid CFO (e.g., 132.90M in Q1 2025, 41.19M in Q2 2025, 1.37M in Q3 2025).
Liquidity signal from cash flow delta: Q4 2025 delivered a net increase in cash and equivalents of about 65.84 million, indicating improved liquidity despite financing activity volatility.
Overall asset base and equity position remain solid: Total assets around 1.21–1.22 billion in 2025Q3–Q4, with total equity near 0.80 billion and total common equity around 0.80 billion, suggesting a stable capital base.
Notable non-cash adjustments in Q4 2025: Non-cash adjustments to reconcile net income were 101.11 million, a sizable non-cash item to watch for understanding true cash performance.
Marketing and R&D remain sizable expense lines: Marketing (around 92.80 million) and R&D (around 82.14 million) in Q4 2025 are meaningful contributors to operating expenses relative to revenue.
Financing activity and near-term leverage risk: Q4 2025 shows significant debt activity (issuance of about 2.707 billion, offset by repayments of about 2.552 billion), with net financing cash flow and a resulting net cash outflow in the period, highlighting sensitivity to debt markets.
Past quarters experienced quarterly net losses: Historical quarters (e.g., Q3 2023 and Q4 2023) show negative net income prints (for example, Q4 2023 net income around -35.02 million), underscoring variability in profitability that could recur if growth or margins come under pressure.

05/14/26 04:16 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 financial year ends in December. Their financial 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. See Remitly Global's forecast for analyst expectations on what's next for the company.

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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Remitly Global (RELY) Financials

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Remitly Global (RELY) Financials

Annual Income Statements for Remitly Global

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Quarterly Balance Sheets for Remitly Global

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Quarterly Metrics And Ratios for Remitly Global

Financials Breakdown Chart

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Remitly Global Financials - Frequently Asked Questions

When does Remitly Global's fiscal year end?

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

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

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