Remitly Global, Inc. RELY

Industrials SIC 7389 - Services-Business Services, NEC NAICS Administrative and Support and Waste Management and Remediation Services › Administrative and Support Services derived Nasdaq

Remitly, founded in 2011, is a trusted provider of financial services that transcend borders. With a footprint spanning more than 175 countries, we have built one of the world's leading global money movement platforms, trusted by millions of customers who rely on us every day.

The long-term, trusted relationships we foster with our customers have enabled us to scale to more than 5,300 corridors and more than 9.3 million quarterly active users worldwide. Leveraging our strengths in global money movement, we continue to evolve beyond a remittance company into a diversified, cross-border financial services provider, serving both consumers and businesses across a growing set of use cases. To further our vision, we have expanded by serving new customer categories, including high-amount senders, businesses, and receivers, and by introducing new products. These offerings build on our foundation and extend our ability to support the financial lives of our customers.

Last close 24.82 2026-10-23
Market cap $5.25B 2026-06-30 share count
52-week range 12.08 - 27.48

Valuation FY2025 figures against the last close

P/S3.2x
P/E80.1x
P/FCF17.8x
EV/EBITDA47.5x
Dividend yield—
Diluted EPS0.31

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • United States
  • Rest of world
  • Canada
Revenue by geography, 3 categories over 3 years. The same figures are in the table below. FY2025 United States, FY2025: 1.1B (66.2%) 66% United States Rest of world, FY2025: 388.2M (23.7%) 24% Rest of world Canada, FY2025: 163.8M (10.0%) 10% Canada FY2024 United States, FY2024: 825.8M (65.3%) 65% Rest of world, FY2024: 297.1M (23.5%) 24% Canada, FY2024: 141.1M (11.2%) 11% FY2023 United States, FY2023: 631.7M (66.9%) 67% Rest of world, FY2023: 199.2M (21.1%) 21% Canada, FY2023: 113.3M (12.0%) 12%
Region FY2025FY2024FY2023
United States $1.08B $825.8M $631.7M
Rest of world $388.2M $297.1M $199.2M
Canada $163.8M $141.1M $113.3M

As the company reported it, from the “Revenue - Schedule of Revenue by Geographic Area (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Revenue $1.64B$1.26B$944.3M$653.6M$458.6M$257.0M$126.6M—
R&D $313.9M$269.8M$219.9M$138.7M$64.1M$40.8M$32.0M—
SG&A $225.1M$195.9M$179.4M$131.2M$70.9M$31.7M$25.7M—
Total operating expenses $1.56B$1.30B$1.06B$774.6M$498.3M$286.1M$177.2M—
Operating income $77.5M-$39.1M-$114.2M-$121.0M-$39.7M-$29.2M-$50.6M—
Interest expense $7.6M$3.2M$2.4M$1.3M$1.3M$1.2M$1.6M—
Pre-tax income $71.6M-$30.3M-$111.9M-$113.0M-$37.7M-$31.4M-$51.1M—
Income tax $3.7M$6.7M$5.9M$1.0M$1.0M$1.2M$259.0K—
Net income $67.9M-$37.0M-$117.8M-$114.0M-$38.8M-$32.6M-$51.4M—
EPS, basic 0.33-0.19-0.65-0.68-0.64-1.52-2.98—
EPS, diluted 0.31-0.19-0.65-0.68-0.64-1.52-2.98—
Shares, diluted (wtd. avg.) 217.6M194.6M180.8M167.8M60.7M21.5M21.3M—

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Cash and equivalents $542.4M$368.1M$323.7M$300.7M$403.3M$188.1M$183.5M$64.9M
Total current assets $1.32B$897.5M$932.1M$669.4M$607.6M$345.3M——
Property, plant and equipment $61.5M$31.6M$16.0M$11.5M$9.2M$9.7M——
Goodwill $54.9M$54.9M$54.9M$0————
Other intangibles $2.1M$10.5M$16.6M$0————
Total assets $1.46B$1.01B$1.04B$696.0M$625.7M$363.0M——
Accounts payable $28.4M$16.2M$35.1M$6.8M$1.2M$4.3M——
Short-term debt $2.8M$2.5M$2.5M$0————
Total current liabilities $399.1M$329.0M$366.8M$209.1M$141.6M$181.8M——
Long-term debt $155.0M$0$130.0M$0————
Total liabilities $589.9M$347.4M$507.0M$215.9M$145.3M$186.6M——
Retained earnings -$460.3M-$528.3M-$491.3M-$373.5M-$259.4M-$220.7M——
Total equity $868.8M$665.5M$529.3M$480.1M$480.3M-$211.3M-$186.8M-$121.0M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Operating cash flow $325.1M$111.6M$66.8M-$108.7M-$18.4M-$114.2M$8.4M—
Depreciation and amortisation $25.0M$18.1M$13.1M$6.7M$5.3M$4.1M$2.7M—
Stock-based compensation $155.1M$152.1M$137.0M$95.3M$17.0M$5.3M$3.6M—
Capital expenditure $29.4M$6.0M$2.9M$3.7M$2.0M$2.1M$5.0M—
Investing cash flow -$69.9M-$19.9M-$50.0M-$7.3M-$4.5M-$4.4M-$7.2M—
Financing cash flow -$89.8M-$42.4M$6.3M$14.6M$238.2M$122.2M$117.0M—
Buybacks $23.9M$0$0—$0$0$7.0M—

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001782170-26-000048.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -500M 0 500M 1B 1.5B 2B Revenue, FY2019: 126.6M Net income, FY2019: -51.4M Revenue, FY2020: 257M Net income, FY2020: -32.6M Revenue, FY2021: 458.6M Net income, FY2021: -38.8M Revenue, FY2022: 653.6M Net income, FY2022: -114M Revenue, FY2023: 944.3M Net income, FY2023: -117.8M Revenue, FY2024: 1.3B Net income, FY2024: -37M Revenue, FY2025: 1.6B Net income, FY2025: 67.9M FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue — $126.6M $257.0M $458.6M $653.6M $944.3M $1.26B $1.64B
Gross profit — — — — — — — —
Net income — -$51.4M -$32.6M -$38.8M -$114.0M -$117.8M -$37.0M $67.9M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Officer or director change Item 5.02
  • Officer or director change Item 5.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Officer or director change Item 5.02
  • Regulation FD disclosure Item 7.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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