Remitly Global Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	1,635	1,264	944.29	653.56	458.61
Revenue Growth (YoY)	29.37%	33.85%	44.48%	42.51%	78.48%
Cost of Revenue	549.48	431.6	329.11	258.83	191.61
Gross Profit	1,086	832.36	615.17	394.73	267
Selling, General & Admin	669.26	583.57	496.31	370.33	237.37
Depreciation & Amortization Expenses	25.03	18.05	13.12	6.72	5.26
Research & Development	313.91	269.82	219.94	138.72	64.09
Total Operating Expenses	1,008	871.45	729.37	515.77	306.72
Operating Income	77.47	-39.09	-114.2	-121.04	-39.72
Interest Income	7.7	8.08	7.45	4.15	0.14
Interest Expense	-7.61	-3.24	-2.35	-1.3	-1.26
Other Non-Operating Income (Expense)	-5.93	4	-2.84	5.21	3.13
Total Non-Operating Income (Expense)	-5.84	8.84	2.26	8.06	2.01
Pretax Income	71.63	-30.25	-111.94	-112.98	-37.71
Provision for Income Taxes	3.7	6.73	5.9	1.04	1.04
Net Income	67.93	-36.98	-117.84	-114.02	-38.76
Net Income to Common	67.93	-36.98	-117.84	-114.02	-38.76
Shares Outstanding (Basic)	206	195	181	168	61
Shares Outstanding (Diluted)	218	195	181	168	61
Shares Change (YoY)	11.78%	7.65%	7.78%	176.27%	183.00%
EPS (Basic)	0.33	-0.19	-0.65	-0.68	-0.64
EPS (Diluted)	0.31	-0.19	-0.65	-0.68	-0.64
Free Cash Flow	295.65	105.6	63.95	-112.34	-20.35
Free Cash Flow Growth	179.98%	65.13%	-	-	-
Free Cash Flow Per Share	1.36	0.54	0.35	-0.67	-0.34
Gross Margin	66.40%	65.85%	65.15%	60.40%	58.22%
Operating Margin	4.74%	-3.09%	-12.09%	-18.52%	-8.66%
Profit Margin	4.15%	-2.93%	-12.48%	-17.45%	-8.45%
FCF Margin	18.08%	8.35%	6.77%	-17.19%	-4.44%
EBITDA	124.23	-22.61	-100.5	-114.31	-34.47
EBITDA Margin	7.60%	-1.79%	-10.64%	-17.49%	-7.52%
EBIT	77.47	-39.09	-114.2	-121.04	-39.72
EBIT Margin	4.74%	-3.09%	-12.09%	-18.52%	-8.66%
Effective Tax Rate	5.16%	-22.24%	-5.27%	-0.92%	-2.77%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

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