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Remitly Global, Inc., a cross-border payment company engages in the provision of digital financial services in the United States, Canada, and internationally. It offers cross-border remittances and complementary financial services through mobile application and website. Remitly Global, Inc. was incorporated in 2011 and is headquartered in Seattle, Washington.
Rule-based from financial data. Not advice.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 5 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $1.6B | $126M | $68M | $283M | 7.8% | 29.4% | -283.7% |
| 2024 | $1.3B | $-9M | $-37M | $94M | -5.6% | 33.9% | -68.6% |
| 2023 | $944M | $-96M | $-118M | $58M | -22.3% | 44.5% | 3.4% |
| 2022 | $654M | $-105M | $-114M | $-116M | -23.7% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2025 |
|---|---|
| Total Revenue | 1,635.15 |
| Operating Revenue | 1,635.15 |
| Cost Of Revenue | 650.71 |
| Gross Profit | 984.44 |
| Operating Expense | 906.97 |
| Research And Development | 313.91 |
| Selling General And Administration | 568.03 |
| Total Expenses | 1,557.68 |
| Operating Income | 77.47 |
| Total Operating Income As Reported | 77.47 |
| EBITDA | 126 |
| Normalized EBITDA | 126 |
| EBIT | 79.24 |
| Interest Income | 7.70 |
| Interest Expense | 7.61 |
| Net Interest Income | 0.09 |
| Other Non Operating Income Expenses | -5.93 |
| Other Income Expense | -5.93 |
| Interest Income Non Operating | 7.70 |
| Interest Expense Non Operating | 7.61 |
| Net Non Operating Interest Income Expense | 0.09 |
| Pretax Income | 71.63 |
| Tax Provision | 3.70 |
| Tax Rate For Calcs | 0 |
| Tax Effect Of Unusual Items | 0 |
| Net Income Continuous Operations | 67.93 |
| Net Income From Continuing And Discontinued Operation | 67.93 |
| Net Income From Continuing Operation Net Minority Interest | 67.93 |
| Net Income | 67.93 |
| Net Income Common Stockholders | 67.93 |
| Net Income Including Noncontrolling Interests | 67.93 |
| Normalized Income | 67.93 |
| Diluted NI Availto Com Stockholders | 67.93 |
| Basic Average Shares | 205.83 |
| Diluted Average Shares | 217.57 |
| Reconciled Depreciation | 46.76 |
| Reconciled Cost Of Revenue | 628.98 |
| Depreciation Amortization Depletion Income Statement | 25.03 |
| Depreciation And Amortization In Income Statement | 25.03 |
| General And Administrative Expense | 225.13 |
| Other Gand A | 225.13 |
| Selling And Marketing Expense | 342.90 |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Remitly Global, Inc.this co. | RELY | $4.2B | 61.40↑ premium | 4.80 | 7.8% | 30.32 |
| Belden Inc. | BDC | $4.3B | 18.15 | 3.41 | 18.8% | 12.03 |
| nLIGHT, Inc. | LASR | $4.2B | -180.02 | 18.63 | -10.3% | -560.38 |
| Innodata Inc. | INOD | $4.0B | 123.29 | 37.03 | 30.0% | 83.18 |
| Bel Fuse Inc. | BELFB | $3.9B | 63.91 |
| - |
| - |
| - |
| - |
| - |
| 9.24 |
| 14.5% |
| 30.04 |
| Qualys, Inc. | QLYS | $3.9B | 19.80 | 7.00 | 35.3% | 15.77 |
| Varonis Systems, Inc. | VRNS | $3.9B | - | 6.52 | -21.6% | - |
| Penguin Solutions, Inc. | PENG | $3.7B | 147.30 | 9.49 | 6.4% | 33.90 |
| Aehr Test Systems, Inc. | AEHR | $3.7B | -937.81 | 29.84 | -3.2% | -2563.73 |
| Peer Median | - | 19.80 | 9.37 | 10.5% | 15.77 | |