Remitly Global, Inc.
TechnologyNASDAQ:RELY · NASDAQ Global Select
+$0.29 today
Vol 3.48M · Avg 4.32M
Income Statement
Follow revenue through to earnings
Review sales, margins, expenses, and profit trends to see what is actually driving reported earnings over time.
Earnings Waterfall
Revenue to Net Income
Key Ratios
Analysis
$1.7B of revenue converted into $105.6M of net income for the selected period. Gross margin is 59.2% and net margin is 6.0%, showing how much revenue survives after costs and taxes. EPS is $0.49, tying the income statement back to per-share earnings.
Income Statement
Annual data · 5 periods
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.6B +29.4% | $1.3B +33.9% | $944.3M +44.5% | $653.6M +42.5% | $458.6M | $809.6M | $921.6M | $731.2M |
| Cost of Revenue | $700.8M +35.9% | $515.5M +25.2% | $411.6M +25.9% | $326.9M +37.9% | $237.1M | $725.6M | $804.0M | $882.4M |
| Gross Profit | $934.4M +24.8% | $748.4M +40.5% | $532.7M +63.1% | $326.6M +47.5% | $221.5M | $8.9B | $7.6B | $6.2B |
| Gross Margin | 57.1% -2.1pp | 59.2% +2.8pp | 56.4% +6.4pp | 50.0% +1.7pp | 48.3% | 9.8% | 28.9% | 38.3% |
| Research & Development | $313.9M +16.3% | $269.8M +22.7% | $219.9M +58.6% | $138.7M +116.4% | $64.1M | $983.2M | $1.3B | $490.4M |
| Selling, General & Admin | $568.0M +13.7% | $499.7M +20.8% | $413.8M +36.9% | $302.2M +57.5% | $191.8M | $620.6M | $923.0M | -$1.5B |
| Operating Expenses | $852.7M +8.3% | $787.5M +21.7% | $646.8M +44.5% | $447.7M +71.4% | $261.2M | $5.3B | $7.0B | $8.7B |
| Depreciation & Amortization | $25.0M +38.7% | $18.1M +37.6% | $13.1M +95.1% | $6.7M +27.9% | $5.3M | $374.2M | $1.2B | $631.8M |
| EBITDA | $104.3M +1264.3% | -$9.0M +90.7% | -$96.5M +8.1% | -$105.0M -236.4% | -$31.2M | -$15.2B | $6.8B | $9.3B |
| EBITDA Margin | 6.4% +7.1pp | -0.7% +9.5pp | -10.2% +5.8pp | -16.1% -9.3pp | -6.8% | 5.6% | 46.3% | 42.0% |
| Operating Income | $81.6M +308.9% | -$39.1M +65.8% | -$114.2M +5.7% | -$121.0M -204.7% | -$39.7M | $12.3B | $14.0B | -$15.7B |
| Operating Margin | 5.0% +8.1pp | -3.1% +9.0pp | -12.1% +6.4pp | -18.5% -9.9pp | -8.7% | 16.6% | 24.1% | 22.0% |
| Interest Income | $7.7M -4.7% | $8.1M +8.5% | $7.4M +79.5% | $4.1M +2863.6% | $140.0K | -$1.5B | -$1.6B | $405.0M |
| Interest Expense | $7.6M +134.9% | $3.2M +37.8% | $2.4M +80.6% | $1.3M +3.7% | $1.3M | $1.1B | $1.0B | $1.2B |
| Other Income / Expenses | -$10.0M -213.4% | $8.8M +291.4% | $2.3M -72.0% | $8.1M +301.2% | $2.0M | -$1.5B | $1.4B | $1.2B |
| Income Before Tax | $71.6M +336.8% | -$30.3M +73.0% | -$111.9M +0.9% | -$113.0M -199.6% | -$37.7M | $3.3B | $4.9B | $3.6B |
| Pre-Tax Margin | 4.4% +6.8pp | -2.4% +9.5pp | -11.9% +5.4pp | -17.3% -9.1pp | -8.2% | 20.8% | 18.7% | 26.2% |
| Income Tax Expense | $3.7M -45.1% | $6.7M +14.0% | $5.9M +465.9% | $1.0M +0.0% | $1.0M | $1.3B | -$1.6B | $745.2M |
| Net Income | $67.9M +283.7% | -$37.0M +68.6% | -$117.8M -3.4% | -$114.0M -194.2% | -$38.8M | $4.9B | $4.8B | $4.7B |
| Net Margin | 4.2% +7.1pp | -2.9% +9.6pp | -12.5% +5.0pp | -17.4% -9.0pp | -8.5% | 12.4% | 17.5% | 22.5% |
| EPS (Basic) | $0 +273.7% | -$0 +70.8% | -$1 +4.4% | -$1 -6.3% | -$1 | $400.8M | $703.2M | $1.3B |
| EPS (Diluted) | $0 +263.2% | -$0 +70.8% | -$1 +4.4% | -$1 -6.3% | -$1 | $766.2M | $609.4M | $452.6M |
| Weighted Avg Shares | $205.8M +5.7% | $194.6M +7.6% | $180.8M +7.8% | $167.8M +176.3% | $60.7M | $757.8M | $925.8M | $1.1B |
| Weighted Avg Shares (Diluted) | $217.6M +11.8% | $194.6M +7.6% | $180.8M +7.8% | $167.8M +176.3% | $60.7M | $1.2B | $924.4M | $678.0M |
Older periods hidden.
Sign in to unlockCompetitors
Peer companies in the same sector
DigitalOcean Holdings, Inc.
NYSE:DOCN
$17.77B
BlackBerry Limited
NYSE:BB
$5.38B
Dave Inc.
NASDAQ:DAVE
$3.86B
Pattern Group Inc. Series A Common Stock
NASDAQ:PTRN
$3.25B
Tenable Holdings, Inc.
NASDAQ:TENB
$2.96B
PagSeguro Digital Ltd.
NYSE:PAGS
$2.59B
Agilysys, Inc.
NASDAQ:AGYS
$2.55B
Euronet Worldwide, Inc.
NASDAQ:EEFT
$2.54B
SPS Commerce, Inc.
NASDAQ:SPSC
$2.03B
WeRide Inc.
NASDAQ:WRD
$1.87B
SEC Filings
Recent regulatory filings
No filings found.
How much revenue does RELY generate?
Remitly Global, Inc. (RELY) reported $1.64B of revenue in fiscal 2025.
Is RELY profitable?
Remitly Global, Inc. (RELY) reported $67.93M of net income, with a net margin of 4.2%.
Explore More
Continue the stock analysis
Jump to another research area for this company.