Remitly Global, Inc. (RELY)

Remitly Global Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	1,264	944.29	653.56	458.61	256.96
Revenue Growth (YoY)	33.85%	44.48%	42.51%	78.48%	103.02%
Cost of Revenue	514.76	410.89	326.93	237.13	135.84
Gross Profit	749.2	533.4	326.63	221.47	121.11
Selling, General & Admin	498.95	410.87	298.76	191.85	105.46
Research & Development	269.82	219.42	138.72	64.09	40.78
Operating Expenses	786.82	643.4	444.2	261.2	150.3
Operating Income	-37.62	-110	-117.57	-39.72	-29.18
Interest Expense	-3.24	-2.35	-1.3	-1.26	-1.19
Interest & Investment Income	8.08	7.45	4.15	0.14	0.27
Currency Exchange Gain (Loss)	4.39	-2.6	5.26	3.13	-1.3
Other Non Operating Income (Expenses)	-0.4	-0.24	-0.05	-	-
EBT Excluding Unusual Items	-28.78	-107.74	-109.51	-37.71	-31.4
Merger & Restructuring Charges	-0.79	-3.1	-3.46	-	-
Other Unusual Items	-0.68	-1.1	-	-	-
Pretax Income	-30.25	-111.94	-112.98	-37.71	-31.4
Income Tax Expense	6.73	5.9	1.04	1.04	1.16
Net Income	-36.98	-117.84	-114.02	-38.76	-32.56
Net Income to Common	-36.98	-117.84	-114.02	-38.76	-32.56
Shares Outstanding (Basic)	195	181	168	61	21
Shares Outstanding (Diluted)	195	181	168	61	21
Shares Change (YoY)	7.65%	7.78%	176.27%	183.00%	0.79%
EPS (Basic)	-0.19	-0.65	-0.68	-0.64	-1.52
EPS (Diluted)	-0.19	-0.65	-0.68	-0.64	-1.52
Free Cash Flow	188.49	-56.45	-112.34	-20.35	-116.27
Free Cash Flow Per Share	0.97	-0.31	-0.67	-0.34	-5.42
Gross Margin	59.27%	56.49%	49.98%	48.29%	47.13%
Operating Margin	-2.98%	-11.65%	-17.99%	-8.66%	-11.36%
Profit Margin	-2.93%	-12.48%	-17.45%	-8.45%	-12.67%
Free Cash Flow Margin	14.91%	-5.98%	-17.19%	-4.44%	-45.25%
EBITDA	-27.63	-101.41	-114.18	-36.95	-26.72
EBITDA Margin	-2.19%	-10.74%	-17.47%	-8.06%	-10.40%
D&A For EBITDA	9.99	8.59	3.39	2.78	2.46
EBIT	-37.62	-110	-117.57	-39.72	-29.18
EBIT Margin	-2.98%	-11.65%	-17.99%	-8.66%	-11.36%
Advertising Expenses	225.4	181.3	139.3	102.9	62

Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q