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Remitly Global, Inc. Financials

RELY
Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Remitly Global, Inc. (RELY) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 7 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 63 / 100
Financial Profile 63/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability
33

Remitly Global, Inc. has an operating margin of 4.7%, meaning the company retains $5 of operating profit per $100 of revenue. This results in a moderate score of 33/100, indicating healthy but not exceptional operating efficiency. This is up from -3.1% the prior year.

Growth
82

Remitly Global, Inc.'s revenue surged 29.4% year-over-year to $1.6B, reflecting rapid business expansion. This strong growth earns a score of 82/100.

Leverage
98

Remitly Global, Inc. carries a low D/E ratio of 0.18, meaning only $0.18 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 98/100, indicating a strong balance sheet with room for future borrowing.

Liquidity
64

Remitly Global, Inc.'s current ratio of 3.30 indicates adequate short-term liquidity, earning a score of 64/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow
70

Remitly Global, Inc. converts 18.1% of revenue into free cash flow ($295.7M). This strong cash generation earns a score of 70/100.

Returns
28

Remitly Global, Inc. generates a 7.8% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 28/100. This is up from -5.6% the prior year.

Altman Z-Score Safe
4.98

Remitly Global, Inc. scores 4.98, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($3.3B) relative to total liabilities ($589.9M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Piotroski F-Score Neutral
5/9

Remitly Global, Inc. passes 5 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed
4.79x

For every $1 of reported earnings, Remitly Global, Inc. generates $4.79 in operating cash flow ($325.1M OCF vs $67.9M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Safe
10.2x

Remitly Global, Inc. earns $10.2 in operating income for every $1 of interest expense ($77.5M vs $7.6M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Earnings & Revenue

Revenue
$1.6B
YoY+29.4%
5Y CAGR+44.8%

Remitly Global, Inc. generated $1.6B in revenue in fiscal year 2025. This represents an increase of 29.4% from the prior year.

EBITDA
$102.5M
YoY+587.4%

Remitly Global, Inc.'s EBITDA was $102.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 587.4% from the prior year.

Net Income
$67.9M
YoY+283.7%

Remitly Global, Inc. reported $67.9M in net income in fiscal year 2025. This represents an increase of 283.7% from the prior year.

EPS (Diluted)
$0.31
YoY+263.2%

Remitly Global, Inc. earned $0.31 per diluted share (EPS) in fiscal year 2025. This represents an increase of 263.2% from the prior year.

Cash & Balance Sheet

Free Cash Flow
$295.7M
YoY+180.0%

Remitly Global, Inc. generated $295.7M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 180.0% from the prior year.

Cash & Debt
$542.4M
YoY+47.4%
5Y CAGR+23.8%

Remitly Global, Inc. held $542.4M in cash against $155.0M in long-term debt as of fiscal year 2025.

Dividends Per Share
N/A
Shares Outstanding
211M
YoY+5.0%

Remitly Global, Inc. had 211M shares outstanding in fiscal year 2025. This represents an increase of 5.0% from the prior year.

Margins & Returns

Gross Margin
N/A
Operating Margin
4.7%
YoY+7.8pp
5Y CAGR+16.1pp

Remitly Global, Inc.'s operating margin was 4.7% in fiscal year 2025, reflecting core business profitability. This is up 7.8 percentage points from the prior year.

Net Margin
4.2%
YoY+7.1pp
5Y CAGR+16.8pp

Remitly Global, Inc.'s net profit margin was 4.2% in fiscal year 2025, showing the share of revenue converted to profit. This is up 7.1 percentage points from the prior year.

Return on Equity
7.8%
YoY+13.4pp

Remitly Global, Inc.'s ROE was 7.8% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 13.4 percentage points from the prior year.

Capital Allocation

R&D Spending
$313.9M
YoY+16.3%
5Y CAGR+50.4%

Remitly Global, Inc. invested $313.9M in research and development in fiscal year 2025. This represents an increase of 16.3% from the prior year.

Share Buybacks
$23.9M

Remitly Global, Inc. spent $23.9M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Capital Expenditures
$29.4M
YoY+390.7%
5Y CAGR+70.1%

Remitly Global, Inc. invested $29.4M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 390.7% from the prior year.

RELY Income Statement

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Revenue $442.2M+5.4% $419.5M+1.9% $411.9M+13.9% $361.6M+2.8% $351.9M+4.6% $336.5M+9.8% $306.4M+13.9% $269.1M
Cost of Revenue N/A N/A N/A N/A N/A N/A N/A N/A
Gross Profit N/A N/A N/A N/A N/A N/A N/A N/A
R&D Expenses $82.1M+2.1% $80.4M+3.8% $77.5M+4.9% $73.9M+4.6% $70.6M+3.2% $68.4M+1.3% $67.6M+6.9% $63.2M
SG&A Expenses $56.7M+1.4% $56.0M-6.1% $59.6M+12.8% $52.8M-3.7% $54.9M+7.8% $50.9M+11.0% $45.9M+3.9% $44.2M
Operating Income $38.8M+229.6% $11.8M-19.6% $14.6M+19.7% $12.2M+427.2% -$3.7M-1116.0% $368K+102.3% -$15.8M+21.0% -$20.0M
Interest Expense $2.5M+20.4% $2.1M+28.2% $1.6M+27.0% $1.3M+34.3% $967K+27.2% $760K+2.0% $745K-3.1% $769K
Income Tax -$5.1M-241.0% $3.6M+127.8% $1.6M-56.0% $3.6M+509.5% $589K-68.2% $1.9M-43.8% $3.3M+229.7% $998K
Net Income $41.2M+366.8% $8.8M+35.1% $6.5M-42.4% $11.4M+298.3% -$5.7M-398.6% $1.9M+115.9% -$12.1M+42.6% -$21.1M
EPS (Diluted) N/A $0.04+33.3% $0.03-40.0% $0.05 N/A $0.01+116.7% $-0.06+45.5% $-0.11

RELY Balance Sheet

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Total Assets $1.5B+20.2% $1.2B+4.1% $1.2B+6.0% $1.1B+8.7% $1.0B+4.4% $970.4M+2.1% $950.2M-12.0% $1.1B
Current Assets $1.3B+21.7% $1.1B+4.3% $1.0B+6.0% $978.7M+9.0% $897.5M+4.2% $861.3M+2.5% $840.6M-13.5% $972.0M
Cash & Equivalents $542.4M+13.7% $476.9M-7.6% $515.9M+4.5% $493.9M+34.2% $368.1M+13.5% $324.4M+75.2% $185.2M-35.2% $286.0M
Inventory N/A N/A N/A N/A N/A N/A N/A N/A
Accounts Receivable N/A N/A N/A N/A N/A N/A N/A N/A
Goodwill $54.9M0.0% $54.9M0.0% $54.9M0.0% $54.9M0.0% $54.9M0.0% $54.9M0.0% $54.9M0.0% $54.9M
Total Liabilities $589.9M+41.6% $416.5M+3.8% $401.2M+6.4% $377.1M+8.6% $347.4M+2.3% $339.6M-8.5% $371.3M-29.9% $529.8M
Current Liabilities $399.1M+6.1% $376.1M+3.4% $363.7M+3.3% $352.2M+7.0% $329.0M+1.5% $324.1M-5.2% $341.8M-7.1% $367.8M
Long-Term Debt $155.0M N/A N/A N/A $0 $0-100.0% $15.0M-90.0% $150.0M
Total Equity $868.8M+9.0% $797.2M+4.2% $764.9M+5.7% $723.5M+8.7% $665.5M+5.5% $630.8M+9.0% $578.9M+5.4% $549.4M
Retained Earnings -$460.3M+8.2% -$501.6M+1.7% -$510.4M+1.3% -$516.9M+2.1% -$528.3M-1.1% -$522.6M+0.4% -$524.5M-2.4% -$512.4M

RELY Cash Flow Statement

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Operating Cash Flow $149.6M+10821.0% $1.4M-96.7% $41.2M-69.0% $132.9M+587.6% -$27.3M-118.6% $146.8M+200.1% $48.9M+186.1% -$56.8M
Capital Expenditures $6.4M+282.6% -$3.5M-127.7% $12.6M-9.8% $14.0M+397.6% $2.8M+151.4% $1.1M-1.3% $1.1M+19.7% $945K
Free Cash Flow $143.3M+6879.8% -$2.1M-107.4% $28.6M-76.0% $118.9M+495.7% -$30.1M-120.6% $145.6M+204.9% $47.8M+182.7% -$57.8M
Investing Cash Flow -$18.4M+3.5% -$19.0M-21.5% -$15.7M+7.4% -$16.9M-128.4% -$7.4M-89.4% -$3.9M+8.1% -$4.3M+1.3% -$4.3M
Financing Cash Flow -$66.1M-233.7% -$19.8M-80.5% -$11.0M-255.1% $7.1M-91.8% $86.5M+942.7% -$10.3M+92.9% -$144.8M-654.2% $26.1M
Dividends Paid N/A N/A N/A N/A N/A N/A N/A N/A
Share Buybacks $12.0M N/A N/A N/A $0 N/A N/A N/A

RELY Financial Ratios

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Gross Margin N/A N/A N/A N/A N/A N/A N/A N/A
Operating Margin 8.8%+6.0pp 2.8%-0.8pp 3.6%+0.2pp 3.4%+4.4pp -1.1%-1.2pp 0.1%+5.3pp -5.1%+2.3pp -7.4%
Net Margin 9.3%+7.2pp 2.1%+0.5pp 1.6%-1.5pp 3.1%+4.8pp -1.6%-2.2pp 0.6%+4.5pp -4.0%+3.9pp -7.8%
Return on Equity 4.7%+3.6pp 1.1%+0.3pp 0.9%-0.7pp 1.6%+2.4pp -0.9%-1.2pp 0.3%+2.4pp -2.1%+1.7pp -3.8%
Return on Assets 2.8%+2.1pp 0.7%+0.2pp 0.6%-0.5pp 1.0%+1.6pp -0.6%-0.8pp 0.2%+1.5pp -1.3%+0.7pp -1.9%
Current Ratio 3.30+0.4 2.88+0.0 2.85+0.1 2.78+0.1 2.73+0.1 2.66+0.2 2.46-0.2 2.64
Debt-to-Equity 0.18-0.3 0.520.0 0.520.0 0.52+0.5 0.000.0 0.00-0.0 0.03-0.2 0.27
FCF Margin 32.4%+32.9pp -0.5%-7.4pp 6.9%-25.9pp 32.9%+41.4pp -8.5%-51.8pp 43.3%+27.7pp 15.6%+37.1pp -21.5%

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Frequently Asked Questions

Remitly Global, Inc. (RELY) reported $1.6B in total revenue for fiscal year 2025. This represents a 29.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

Remitly Global, Inc. (RELY) revenue grew by 29.4% year-over-year, from $1.3B to $1.6B in fiscal year 2025.

Yes, Remitly Global, Inc. (RELY) reported a net income of $67.9M in fiscal year 2025, with a net profit margin of 4.2%.

Remitly Global, Inc. (RELY) reported diluted earnings per share of $0.31 for fiscal year 2025. This represents a 263.2% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Remitly Global, Inc. (RELY) had EBITDA of $102.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

As of fiscal year 2025, Remitly Global, Inc. (RELY) had $542.4M in cash and equivalents against $155.0M in long-term debt.

Remitly Global, Inc. (RELY) had an operating margin of 4.7% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

Remitly Global, Inc. (RELY) had a net profit margin of 4.2% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Remitly Global, Inc. (RELY) has a return on equity of 7.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

Remitly Global, Inc. (RELY) generated $295.7M in free cash flow during fiscal year 2025. This represents a 180.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

Remitly Global, Inc. (RELY) generated $325.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Remitly Global, Inc. (RELY) had $1.5B in total assets as of fiscal year 2025, including both current and long-term assets.

Remitly Global, Inc. (RELY) invested $29.4M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Remitly Global, Inc. (RELY) invested $313.9M in research and development during fiscal year 2025.

Yes, Remitly Global, Inc. (RELY) spent $23.9M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Remitly Global, Inc. (RELY) had 211M shares outstanding as of fiscal year 2025.

Remitly Global, Inc. (RELY) had a current ratio of 3.30 as of fiscal year 2025, which is generally considered healthy.

Remitly Global, Inc. (RELY) had a debt-to-equity ratio of 0.18 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Remitly Global, Inc. (RELY) had a return on assets of 4.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Remitly Global, Inc. (RELY) has an Altman Z-Score of 4.98, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

Remitly Global, Inc. (RELY) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Remitly Global, Inc. (RELY) has an earnings quality ratio of 4.79x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Remitly Global, Inc. (RELY) has an interest coverage ratio of 10.2x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

Remitly Global, Inc. (RELY) scores 63 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.

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