Remitly Global (RELY) financial statements
Remitly Global reported revenue of $1.6B in fiscal 2025, up 53.2% a year over 6 years.
Net income was $68M and the operating margin 4.7%, against -40.0% in 2019.
Free cash flow was $283M, and the company returned $24M in net buybacks.
The diluted share count rose 922% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Remitly Global's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $127M | $257M | $459M | $654M | $944M | $1.3B | $1.6B |
| Research and development | $32M | $41M | $64M | $139M | $220M | $270M | $314M |
| Selling, general and admin | $26M | $32M | $71M | $131M | $179M | $196M | $225M |
| Operating income | -$51M | -$29M | -$40M | -$121M | -$114M | -$39M | $77M |
| Interest expense | $2M | $1M | $1M | $1M | $2M | $3M | $8M |
| Pre-tax income | -$51M | -$31M | -$38M | -$113M | -$112M | -$30M | $72M |
| Income tax | $259,000 | $1M | $1M | $1M | $6M | $7M | $4M |
| Net income | -$51M | -$33M | -$39M | -$114M | -$118M | -$37M | $68M |
| EPS (diluted) | -$2.98 | -$1.52 | -$0.64 | -$0.68 | -$0.65 | -$0.19 | $0.31 |
| Diluted shares | 21M | 21M | 61M | 168M | 181M | 195M | 218M |
| Operating margin | -40.0% | -11.4% | -8.7% | -18.5% | -12.1% | -3.1% | 4.7% |
| Net margin | -40.6% | -12.7% | -8.5% | -17.4% | -12.5% | -2.9% | 4.2% |
Balance sheet
Fiscal years, from Remitly Global's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $182M | $187M | $403M | $301M | $324M | $368M | $542M |
| Total current assets | — | $345M | $608M | $669M | $932M | $898M | $1.3B |
| Property, plant and equipment | — | $10M | $9M | $12M | $16M | $32M | $62M |
| Goodwill | — | — | — | $0 | $55M | $55M | $55M |
| Total assets | — | $363M | $626M | $696M | $1.0B | $1.0B | $1.5B |
| Total current liabilities | — | $182M | $142M | $209M | $367M | $329M | $399M |
| Long-term debt | — | — | — | $0 | $130M | $0 | $155M |
| Total liabilities | — | $187M | $145M | $216M | $507M | $347M | $590M |
| Shareholders' equity | -$187M | -$211M | $480M | $480M | $529M | $665M | $869M |
| Net debt | -$182M | -$187M | -$403M | -$301M | -$194M | -$368M | -$387M |
Cash flow
Fiscal years, from Remitly Global's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | $8M | -$114M | -$18M | -$109M | $67M | $112M | $325M |
| Capital spending | $7M | $4M | $5M | $7M | $9M | $18M | $42M |
| Free cash flow | $1M | -$119M | -$23M | -$116M | $58M | $94M | $283M |
| Stock-based compensation | $4M | $5M | $17M | $95M | $137M | $152M | $155M |
| Share buybacks (net) | -$7M | $0 | $0 | — | $0 | $0 | -$24M |
| Net borrowing | $6M | $35M | -$80M | -$384,000 | -$17M | — | — |
| Free cash flow margin | 1.0% | -46.1% | -5.0% | -17.7% | 6.1% | 7.4% | 17.3% |
Questions
What was Remitly Global's revenue in 2025?
$1.6B in fiscal 2025, from its 10-K filing.
How much free cash flow does Remitly Global generate?
$283M in fiscal 2025 (operating cash flow minus capital spending).
From Remitly Global's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.