$RELY
Remitly Global, Inc.

2022 Q1 Form 10-K Financial Statement

#000178217022000048 Filed on March 29, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q4 2021
Revenue $136.0M $135.3M $458.6M
YoY Change 49.37% 69.03% 78.48%
Cost Of Revenue $56.26M $56.43M $191.6M
YoY Change 36.86% 55.89% 73.53%
Gross Profit $79.75M $78.82M $267.0M
YoY Change 59.67% 79.55% 82.2%
Gross Profit Margin 58.63% 58.28% 58.22%
Selling, General & Admin $77.83M $74.87M $237.4M
YoY Change 70.58% -1.9% 81.36%
% of Gross Profit 97.6% 94.98% 88.9%
Research & Development $23.58M $19.13M $64.09M
YoY Change 102.46% 69.27% 57.18%
% of Gross Profit 29.56% 24.27% 24.0%
Depreciation & Amortization $1.500M $1.366M $5.256M
YoY Change 25.0% 13.74% 29.46%
% of Gross Profit 1.88% 1.73% 1.97%
Operating Expenses $102.9M $95.36M $64.09M
YoY Change 75.89% 7.32% 57.18%
Operating Profit -$23.17M -$16.54M -$39.72M
YoY Change 170.35% -63.21% 36.11%
Interest Expense -$277.0K -$160.0K $1.256M
YoY Change 9.06% 128.57% 5.63%
% of Operating Profit
Other Income/Expense, Net $669.0K $81.00K $3.125M
YoY Change -53.09% -81.38% -340.02%
Pretax Income -$22.78M -$16.62M -$37.71M
YoY Change 207.86% 96.04% 20.1%
Income Tax $528.0K -$42.00K $1.043M
% Of Pretax Income
Net Earnings -$23.31M -$16.58M -$38.76M
YoY Change 200.0% 84.08% 19.01%
Net Earnings / Revenue -17.14% -12.26% -8.45%
Basic Earnings Per Share -$0.14 -$0.64
Diluted Earnings Per Share -$141.8K -$100.1K -$0.64
COMMON SHARES
Basic Shares Outstanding 166.1M shares 164.1M shares 60.73M shares
Diluted Shares Outstanding 164.4M shares 60.73M shares

Balance Sheet

Concept 2022 Q1 2021 Q4 2021
SHORT-TERM ASSETS
Cash & Short-Term Investments $501.8M $522.9M $522.9M
YoY Change 64.18% 81.4%
Cash & Equivalents $501.8M $403.3M $522.9M
Short-Term Investments
Other Short-Term Assets $23.41M $17.45M $17.45M
YoY Change 98.84% 174.77%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $606.9M $607.6M $607.6M
YoY Change 60.01% 75.93% 75.93%
LONG-TERM ASSETS
Property, Plant & Equipment $16.94M $9.249M $14.55M
YoY Change 16.36% -4.4% -4.77%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $3.696M $3.510M $3.561M
YoY Change 199.27% 252.06% 49.75%
Total Long-Term Assets $20.64M $18.11M $18.11M
YoY Change 30.66% 2.57% 2.57%
TOTAL ASSETS
Total Short-Term Assets $606.9M $607.6M $607.6M
Total Long-Term Assets $20.64M $18.11M $18.11M
Total Assets $627.5M $625.7M $625.7M
YoY Change 58.83% 72.36% 72.36%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $6.048M $1.210M $1.210M
YoY Change -52.48% -71.57% -71.57%
Accrued Expenses $46.90M $66.68M $47.87M
YoY Change 70.92% 67.79% 110.39%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0% -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $150.6M $141.6M $141.6M
YoY Change -30.6% -22.09% -22.09%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $5.468M $813.0K $3.720M
YoY Change 38.68% -1.69% -23.06%
Total Long-Term Liabilities $5.468M $813.0K $3.720M
YoY Change 38.68% -1.69% -23.06%
TOTAL LIABILITIES
Total Short-Term Liabilities $150.6M $141.6M $141.6M
Total Long-Term Liabilities $5.468M $813.0K $3.720M
Total Liabilities $156.0M $145.3M $145.3M
YoY Change -29.36% -22.12% -22.12%
SHAREHOLDERS EQUITY
Retained Earnings -$259.4M
YoY Change 17.56%
Common Stock $16.00K
YoY Change 700.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $471.5M $480.3M $480.3M
YoY Change
Total Liabilities & Shareholders Equity $627.5M $625.7M $625.7M
YoY Change 58.83% 72.36% 72.36%

Cashflow Statement

Concept 2022 Q1 2021 Q4 2021
OPERATING ACTIVITIES
Net Income -$23.31M -$16.58M -$38.76M
YoY Change 200.0% 84.08% 19.01%
Depreciation, Depletion And Amortization $1.500M $1.366M $5.256M
YoY Change 25.0% 13.74% 29.46%
Cash From Operating Activities $40.25M -$37.82M -$18.39M
YoY Change -36.03% -12.12% -83.9%
INVESTING ACTIVITIES
Capital Expenditures -$1.625M -$1.246M $1.956M
YoY Change 35.64% 30.61% -5.23%
Acquisitions $0.00 $0.00
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$1.625M -$1.246M -$4.534M
YoY Change 35.64% 30.61% 3.75%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net -$305.2M
YoY Change
Debt Paid & Issued, Net $0.00 $0.00
YoY Change
Cash From Financing Activities 2.601M -1.462M $238.2M
YoY Change -123.92% -101.82% 94.9%
NET CHANGE
Cash From Operating Activities 40.25M -37.82M -$18.39M
Cash From Investing Activities -1.625M -1.246M -$4.534M
Cash From Financing Activities 2.601M -1.462M $238.2M
Net Change In Cash 41.23M -40.52M $215.2M
YoY Change -18.92% -211.39% 4625.31%
FREE CASH FLOW
Cash From Operating Activities $40.25M -$37.82M -$18.39M
Capital Expenditures -$1.625M -$1.246M $1.956M
Free Cash Flow $41.88M -$36.57M -$20.35M
YoY Change -34.69% -13.09% -82.5%

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Files In Submission

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