Remitly Global, Inc. (RELY) Financials

NASDAQ:RELY

Market Cap

4.76B

Total Revenue

653.56M

Gross Profit

326.63M

Operating Income

-121.04M

Net Income

-114.02M

Metric	2012	2013	2014	2015	2016	2017	2019	2020	2021	2022
revenue	43,933,000	43,511,000	42,046,000	1,145,600,000	1,249,700,000	1,346,400,000	126,567,000	256,956,000	458,605,000	653,560,000
costOfRevenue	22,713,000	23,427,000	25,701,000	1,070,700,000	1,183,000,000	1,287,300,000	73,303,000	135,842,000	237,131,000	326,933,000
grossProfit	21,220,000	20,084,000	16,345,000	74,900,000	66,700,000	59,100,000	53,264,000	121,114,000	221,474,000	326,627,000
researchAndDevelopmentExpenses	--	--	--	--	--	--	32,008,000	40,777,000	64,093,000	138,719,000
sellingAndMarketingExpenses	--	--	--	--	--	--	43,542,000	73,804,000	120,906,000	170,970,000
generalAndAdministrativeExpenses	17,129,000	17,736,000	18,852,000	56,000,000	61,000,000	52,300,000	25,658,000	31,656,000	70,941,000	131,250,000
sellingGeneralAndAdministrativeExpenses	17,129,000	17,736,000	18,852,000	56,000,000	61,000,000	52,300,000	69,200,000	105,460,000	191,847,000	302,220,000
operatingExpenses	46,352,000	48,979,000	47,687,000	58,000,000	63,400,000	54,700,000	103,866,000	150,297,000	261,196,000	447,663,000
operatingIncome	-2,724,000	-5,928,000	1,728,000	17,400,000	-68,800,000	-129,300,000	-50,602,000	-29,183,000	-39,722,000	-121,036,000
totalOtherIncomeExpensesNet	-663,000	-3,943,000	-3,259,000	-58,200,000	-35,000,000	700,000	-531,000	-2,218,000	2,009,000	8,060,000
ebitda	409,000	-4,002,000	3,038,000	63,400,000	-14,000,000	-76,600,000	-46,867,000	-26,152,000	-31,201,000	-104,950,000
depreciationAndAmortization	3,133,000	1,926,000	1,310,000	46,000,000	54,800,000	52,700,000	3,735,000	3,031,000	8,521,000	16,086,000
interestIncome	--	--	--	--	--	--	1,111,000	273,000	140,000	4,149,000
interestExpense	4,164,000	3,943,000	905,000	33,400,000	34,700,000	200,000	1,608,000	1,189,000	1,256,000	1,302,000
incomeBeforeTax	-3,387,000	-9,871,000	-1,531,000	-40,800,000	-103,800,000	-128,600,000	-51,133,000	-31,401,000	-37,713,000	-112,976,000
incomeTaxExpense	580,000	163,000	-4,680,000	-9,100,000	-600,000	-7,800,000	259,000	1,163,000	1,043,000	1,043,000
netIncome	-3,967,000	-10,034,000	3,149,000	-31,700,000	-103,200,000	-120,800,000	-51,392,000	-32,564,000	-38,756,000	-114,019,000
eps	-0.33	-0.83	0.23	-1.09	-3.57	-4.17	-0.34	-0.21	-0.64	-0.68
epsdiluted	-0.034	-0.83	0.22	-1.09	-3.57	-4.17	-0.34	-0.21	-0.64	-0.68
weightedAverageShsOut	12,146,271	12,146,271	13,403,083	29,196,598	28,945,331	28,968,363	152,030,340	152,030,340	60,728,748	167,774,123
weightedAverageShsOutDil	116,122,223	12,146,271	14,402,118	29,196,598	28,945,331	28,968,363	152,030,340	152,030,340	60,728,748	167,774,123
costAndExpenses	69,065,000	72,406,000	73,388,000	1,128,700,000	1,246,400,000	1,342,000,000	177,169,000	286,139,000	498,327,000	774,596,000
otherExpenses	29,223,000	31,243,000	28,835,000	2,000,000	2,400,000	2,400,000	2,658,000	4,060,000	5,256,000	6,724,000

Key Facts

Industry

Software—Infrastructure

Sector

Technology

Headquarters

Seattle, WA, US

Website

remitly.com/us/en

CEO

Mr. Matthew B. Oppenheimer

Employees

2700

About the Company

Remitly Global, Inc. provides digital financial services for immigrants and their families. It primarily offers cross-border remittance services in approximately 150 countries. The company was incorporated in 2011 and is headquartered in Seattle, Washington.