Remitly Global Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2019
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2019
Revenue	1,264	944.29	653.56	458.61	256.96	Upgrade
Revenue Growth (YoY)	33.85%	44.48%	42.51%	78.48%	103.02%	Upgrade
Cost of Revenue	514.76	410.89	326.93	237.13	135.84	Upgrade
Gross Profit	749.2	533.4	326.63	221.47	121.11	Upgrade
Selling, General & Admin	498.95	410.87	298.76	191.85	105.46	Upgrade
Research & Development	269.82	219.42	138.72	64.09	40.78	Upgrade
Operating Expenses	786.82	643.4	444.2	261.2	150.3	Upgrade
Operating Income	-37.62	-110	-117.57	-39.72	-29.18	Upgrade
Interest Expense	-3.24	-2.35	-1.3	-1.26	-1.19	Upgrade
Interest & Investment Income	8.08	7.45	4.15	0.14	0.27	Upgrade
Currency Exchange Gain (Loss)	4.39	-2.6	5.26	3.13	-1.3	Upgrade
Other Non Operating Income (Expenses)	-0.4	-0.24	-0.05	-	-	Upgrade
EBT Excluding Unusual Items	-28.78	-107.74	-109.51	-37.71	-31.4	Upgrade
Merger & Restructuring Charges	-0.79	-3.1	-3.46	-	-	Upgrade
Other Unusual Items	-0.68	-1.1	-	-	-	Upgrade
Pretax Income	-30.25	-111.94	-112.98	-37.71	-31.4	Upgrade
Income Tax Expense	6.73	5.9	1.04	1.04	1.16	Upgrade
Net Income	-36.98	-117.84	-114.02	-38.76	-32.56	Upgrade
Net Income to Common	-36.98	-117.84	-114.02	-38.76	-32.56	Upgrade
Shares Outstanding (Basic)	195	181	168	61	21	Upgrade
Shares Outstanding (Diluted)	195	181	168	61	21	Upgrade
Shares Change (YoY)	7.65%	7.78%	176.27%	183.00%	0.79%	Upgrade
EPS (Basic)	-0.19	-0.65	-0.68	-0.64	-1.52	Upgrade
EPS (Diluted)	-0.19	-0.65	-0.68	-0.64	-1.52	Upgrade
Free Cash Flow	188.49	-56.45	-112.34	-20.35	-116.27	Upgrade
Free Cash Flow Per Share	0.97	-0.31	-0.67	-0.34	-5.42	Upgrade
Gross Margin	59.27%	56.49%	49.98%	48.29%	47.13%	Upgrade
Operating Margin	-2.98%	-11.65%	-17.99%	-8.66%	-11.36%	Upgrade
Profit Margin	-2.93%	-12.48%	-17.45%	-8.45%	-12.67%	Upgrade
Free Cash Flow Margin	14.91%	-5.98%	-17.19%	-4.44%	-45.25%	Upgrade
EBITDA	-27.63	-101.41	-114.18	-36.95	-26.72	Upgrade
EBITDA Margin	-2.19%	-10.74%	-17.47%	-8.06%	-10.40%	Upgrade
D&A For EBITDA	9.99	8.59	3.39	2.78	2.46	Upgrade
EBIT	-37.62	-110	-117.57	-39.72	-29.18	Upgrade
EBIT Margin	-2.98%	-11.65%	-17.99%	-8.66%	-11.36%	Upgrade
Advertising Expenses	225.4	181.3	139.3	102.9	62	Upgrade

Updated Feb 19, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q