Financial Snapshot

Revenue
$1.177B
TTM
Gross Margin
65.86%
TTM
Net Earnings
-$66.28M
TTM
Current Assets
Q3 2024
Current Liabilities
Q3 2024
Current Ratio
265.74%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$630.8M
Q3 2024
Cash
Q3 2024
P/E
-62.70
Nov 29, 2024 EST
Free Cash Flow
$92.69M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019
Revenue $944.3M $653.6M $458.6M $257.0M $126.6M
YoY Change 44.48% 42.51% 78.48% 103.02%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019
Revenue $944.3M $653.6M $458.6M $257.0M $126.6M
Cost Of Revenue $329.1M $258.8M $191.6M $110.4M $55.86M
Gross Profit $615.2M $394.7M $267.0M $146.5M $70.71M
Gross Profit Margin 65.15% 60.4% 58.22% 57.03% 55.87%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019
Selling, General & Admin $496.3M $370.3M $237.4M $130.9M $86.65M
YoY Change 34.02% 56.01% 81.36% 51.06%
% of Gross Profit 80.68% 93.82% 88.9% 89.32% 122.54%
Research & Development $219.9M $138.7M $64.09M $40.78M $32.01M
YoY Change 58.55% 116.43% 57.18% 27.4%
% of Gross Profit 35.75% 35.14% 24.0% 27.83% 45.27%
Depreciation & Amortization $13.12M $6.724M $5.256M $4.060M $2.658M
YoY Change 95.09% 27.93% 29.46% 52.75%
% of Gross Profit 2.13% 1.7% 1.97% 2.77% 3.76%
Operating Expenses $219.9M $138.7M $64.09M $40.78M $32.01M
YoY Change 58.55% 116.43% 57.18% 27.4%
Operating Profit -$114.2M -$121.0M -$39.72M -$29.18M -$50.60M
YoY Change -5.65% 204.71% 36.11% -42.33%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019
Interest Expense $2.352M $1.302M $1.256M $1.189M $1.608M
YoY Change 80.65% 3.66% 5.63% -26.06%
% of Operating Profit
Other Income/Expense, Net -$2.838M $5.213M $3.125M -$1.302M -$34.00K
YoY Change -154.44% 66.82% -340.02% 3729.41%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019
Pretax Income -$111.9M -$113.0M -$37.71M -$31.40M -$51.13M
YoY Change -0.92% 199.57% 20.1% -38.59%
Income Tax $5.902M $1.043M $1.043M $1.163M $259.0K
% Of Pretax Income
Net Earnings -$117.8M -$114.0M -$38.76M -$32.56M -$51.39M
YoY Change 3.35% 194.2% 19.01% -36.64%
Net Earnings / Revenue -12.48% -17.45% -8.45% -12.67% -40.6%
Basic Earnings Per Share -$0.65 -$0.68 -$0.64 -$1.52 -$2.98
Diluted Earnings Per Share -$0.65 -$0.68 -$0.64 -$1.52 -$2.98

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019
Cash & Short-Term Investments $519.6M $458.7M $522.9M $288.3M $214.2M
YoY Change 13.27% -12.28% 81.4% 34.58%
Cash & Equivalents $519.6M $458.7M $522.9M $288.3M $214.2M
Short-Term Investments
Other Short-Term Assets $33.14M $19.33M $17.45M $6.350M $4.816M
YoY Change 71.49% 10.77% 174.77% 31.85%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $932.1M $669.4M $607.6M $345.3M $248.5M
YoY Change 39.24% 10.18% 75.93% 38.95%
Property, Plant & Equipment $25.54M $20.22M $14.55M $15.28M $15.81M
YoY Change 26.28% 38.97% -4.77% -3.36%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $7.071M $6.313M $3.561M $2.378M $1.717M
YoY Change 12.01% 77.28% 49.75% 38.5%
Total Long-Term Assets $104.2M $26.53M $18.11M $17.66M $17.53M
YoY Change 292.66% 46.5% 2.57% 0.74%
Total Assets $1.036B $696.0M $625.7M $363.0M $266.1M
YoY Change
Accounts Payable $35.05M $6.794M $1.210M $4.256M $202.0K
YoY Change 415.91% 461.49% -71.57% 2006.93%
Accrued Expenses $151.8M $61.25M $47.87M $22.75M $15.28M
YoY Change 147.91% 27.95% 110.39% 48.86%
Deferred Revenue
YoY Change
Short-Term Debt $2.481M $0.00 $0.00 $80.00M $45.00M
YoY Change -100.0% 77.78%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $366.8M $209.1M $141.6M $181.8M $144.6M
YoY Change 75.4% 47.68% -22.09% 25.74%
Long-Term Debt $130.0M $0.00 $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $10.13M $6.724M $3.720M $4.835M $5.412M
YoY Change 50.65% 80.75% -23.06% -10.66%
Total Long-Term Liabilities $140.1M $6.724M $3.720M $4.835M $5.412M
YoY Change 1984.03% 80.75% -23.06% -10.66%
Total Liabilities $507.0M $215.9M $145.3M $186.6M $150.0M
YoY Change 134.85% 48.53% -22.12% 24.42%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019
Basic Shares Outstanding 180.8M shares 167.8M shares 60.73M shares 21.46M shares 21.29M shares
Diluted Shares Outstanding 180.8M shares 167.8M shares 60.73M shares 21.46M shares 21.29M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $4.1553 Billion

About Remitly Global, Inc.

Remitly Global, Inc. engages in the provision of digital financial services for immigrants and their families. The company is headquartered in Seattle, Washington and currently employs 2,700 full-time employees. The company went IPO on 2021-09-23. The firm helps customers send money internationally by leveraging digital channels and supporting cross-border transmissions across the globe. The Company’s technology platform is purpose-built to localized consumer experiences, enables a robust network of partner integrations, and uses data to optimize business performance. The firm provides a digital cross-border remittance product that is accessible via its mobile app or the Web. The company offers a mobile-centric suite of products, global network, localization expertise at scale and data-driven approach. Its mobile app for cross-border remittances provides an easy-to-use, end-to-end process. Its global network of funding and disbursement partnerships enables it to complete money transfers in over 5,000 corridors without the need to deploy local operations in each country.

Industry: Services-Business Services, NEC Peers: AvidXchange Holdings, Inc. CSG SYSTEMS INTERNATIONAL INC EVO Payments, Inc. GreenSky, Inc. Payoneer Global Inc. Paymentus Holdings, Inc. Sabre Corp TaskUs, Inc. VISA INC.