Remitly Global, Inc.
RELY Nasdaq Services-Business Services, Nec Financials FY2019–FY2025
Revenue
Total sales reported in the income statement.
$1.6B
29.4%
vs prior year
Operating margin
Operating income as a share of revenue.
4.7%
7.8 pts
Net income
Profit after all expenses, interest and tax.
$67.9M
Free cash flow
Cash from operations minus capital spending.
$296M
180.0%
Return on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
15.2%
25.5 pts
Market cap
Last close times the latest diluted share count, so it is approximate.
—
P/E
Last close divided by diluted earnings per share over the last four quarters.
—
On $1.39 EPS (TTM)
What Remitly Global, Inc. does
No business description yet.
- Legal name
- Remitly Global, Inc.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Feb 18, 2026
- Accession · CIK
- 0001628280-26-009038
0001782170
Revenue and margins
Remitly Global, Inc. had $1.6B of revenue in fiscal 2025, up 29.4% on the year before.
FY19
Revenue $127M
FY20
Revenue $257M
FY21
Revenue $459M
FY22
Revenue $654M
FY23
Revenue $944M
FY24
Revenue $1.3B
FY25
Revenue $1.6B
Q3 '23
Revenue $242M
Q4 '23
Revenue $265M
Q1 '24
Revenue $269M
Q2 '24
Revenue $306M
Q3 '24
Revenue $337M
Q4 '24
Revenue $352M
Q1 '25
Revenue $362M
Q2 '25
Revenue $412M
Q3 '25
Revenue $419M
Q4 '25
Revenue $442M
Q1 '26
Revenue $453M
Q2 '26
Revenue $495M
FY19
Gross —
Operating −40.0%
Net −40.6%
FCF 2.7%
FY20
Gross —
Operating −11.4%
Net −12.7%
FCF −45.3%
FY21
Gross —
Operating −8.7%
Net −8.5%
FCF −4.4%
FY22
Gross —
Operating −18.5%
Net −17.4%
FCF −17.2%
FY23
Gross —
Operating −12.1%
Net −12.5%
FCF 6.8%
FY24
Gross —
Operating −3.1%
Net −2.9%
FCF 8.4%
FY25
Gross —
Operating 4.7%
Net 4.2%
FCF 18.1%
Gross
Operating
Net
FCF
Q3 '23
Gross —
Operating −15.3%
Net −14.8%
FCF 11.7%
Q4 '23
Gross —
Operating −11.7%
Net −13.2%
FCF 34.5%
Q1 '24
Gross —
Operating −7.4%
Net −7.8%
FCF −21.5%
Q2 '24
Gross —
Operating −5.1%
Net −3.9%
FCF 15.6%
Q3 '24
Gross —
Operating 0.1%
Net 0.6%
FCF 43.3%
Q4 '24
Gross —
Operating −1.1%
Net −1.6%
FCF −8.5%
Q1 '25
Gross —
Operating 3.4%
Net 3.1%
FCF 19.4%
Q2 '25
Gross —
Operating 3.6%
Net 1.6%
FCF 11.4%
Q3 '25
Gross —
Operating 2.8%
Net 2.1%
FCF 8.4%
Q4 '25
Gross —
Operating 8.8%
Net 9.3%
FCF 32.4%
Q1 '26
Gross —
Operating 11.9%
Net 10.8%
FCF 16.8%
Q2 '26
Gross —
Operating 13.5%
Net 41.6%
FCF 26.9%
Gross
Operating
Net
FCF
Net income and earnings per share
Loss periods are shown in red.
FY19
Net income −$51.4M
FY20
Net income −$32.6M
FY21
Net income −$38.8M
FY22
Net income −$114M
FY23
Net income −$118M
FY24
Net income −$37.0M
FY25
Net income $67.9M
Q3 '23
Net income −$35.7M
Q4 '23
Net income −$35.0M
Q1 '24
Net income −$21.1M
Q2 '24
Net income −$12.1M
Q3 '24
Net income $1.9M
Q4 '24
Net income −$5.7M
Q1 '25
Net income $11.4M
Q2 '25
Net income $6.5M
Q3 '25
Net income $8.8M
Q4 '25
Net income $41.2M
Q1 '26
Net income $49.1M
Q2 '26
Net income $206M
FY19
Diluted EPS −$2.98
FY20
Diluted EPS −$1.52
FY21
Diluted EPS −$0.64
FY22
Diluted EPS −$0.68
FY23
Diluted EPS −$0.65
FY24
Diluted EPS −$0.19
FY25
Diluted EPS $0.31
Q3 '23
Diluted EPS −$0.20
Q4 '23
Diluted EPS −$0.18
Q1 '24
Diluted EPS −$0.11
Q2 '24
Diluted EPS −$0.06
Q3 '24
Diluted EPS $0.01
Q4 '24
Diluted EPS −$0.03
Q1 '25
Diluted EPS $0.05
Q2 '25
Diluted EPS $0.03
Q3 '25
Diluted EPS $0.04
Q4 '25
Diluted EPS $0.19
Q1 '26
Diluted EPS $0.23
Q2 '26
Diluted EPS $0.93
Returns on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
FY19
Return on capital —
Return on equity —
Return on assets —
FY20
Return on capital —
Return on equity —
Return on assets −9.0%
FY21
Return on capital —
Return on equity −28.8%
Return on assets −7.8%
FY22
Return on capital −53.3%
Return on equity −23.7%
Return on assets −17.3%
FY23
Return on capital −26.7%
Return on equity −23.3%
Return on assets −13.6%
FY24
Return on capital −10.3%
Return on equity −6.2%
Return on assets −3.6%
FY25
Return on capital 15.2%
Return on equity 8.9%
Return on assets 5.5%
Return on capital
Return on equity
Return on assets
Cash flow
Free cash flow was $296M in fiscal 2025, 18.1% of revenue. Cash from operations minus capital spending.
FY19
Free cash flow $3.4M
FY20
Free cash flow −$116M
FY21
Free cash flow −$20.3M
FY22
Free cash flow −$112M
FY23
Free cash flow $63.9M
FY24
Free cash flow $106M
FY25
Free cash flow $296M
Q3 '23
Free cash flow $28.3M
Q4 '23
Free cash flow $91.4M
Q1 '24
Free cash flow −$57.8M
Q2 '24
Free cash flow $47.8M
Q3 '24
Free cash flow $146M
Q4 '24
Free cash flow −$30.1M
Q1 '25
Free cash flow $70.2M
Q2 '25
Free cash flow $46.8M
Q3 '25
Free cash flow $35.4M
Q4 '25
Free cash flow $143M
Q1 '26
Free cash flow $75.9M
Q2 '26
Free cash flow $133M
FY19
Cash from operations $8.4M
Capital spending $5.0M
FY20
Cash from operations −$114M
Capital spending $2.1M
FY21
Cash from operations −$18.4M
Capital spending $2.0M
FY22
Cash from operations −$109M
Capital spending $3.7M
FY23
Cash from operations $66.8M
Capital spending $2.9M
FY24
Cash from operations $112M
Capital spending $6.0M
FY25
Cash from operations $325M
Capital spending $29.4M
Cash from operations
Capital spending
Q3 '23
Cash from operations $29.0M
Capital spending $0.7M
Q4 '23
Cash from operations $92.0M
Capital spending $0.6M
Q1 '24
Cash from operations −$56.8M
Capital spending $0.9M
Q2 '24
Cash from operations $48.9M
Capital spending $1.1M
Q3 '24
Cash from operations $147M
Capital spending $1.1M
Q4 '24
Cash from operations −$27.3M
Capital spending $2.8M
Q1 '25
Cash from operations $80.8M
Capital spending $10.6M
Q2 '25
Cash from operations $54.7M
Capital spending $7.9M
Q3 '25
Cash from operations $40.0M
Capital spending $4.6M
Q4 '25
Cash from operations $150M
Capital spending $6.4M
Q1 '26
Cash from operations $81.9M
Capital spending $6.0M
Q2 '26
Cash from operations $135M
Capital spending $1.2M
Cash from operations
Capital spending
Dividends, buybacks and share count
Remitly Global, Inc. returned $23.9M to shareholders in fiscal 2025, 8% of free cash flow. The diluted share count rose 11.8%.
FY19
Dividends —
Buybacks $7.0M
FY20
Dividends —
Buybacks $0.0M
FY21
Dividends —
Buybacks $0.0M
FY22
Dividends —
Buybacks —
FY23
Dividends —
Buybacks $0.0M
FY24
Dividends —
Buybacks $0.0M
FY25
Dividends —
Buybacks $23.9M
Dividends
Buybacks
Q3 '23
Dividends —
Buybacks —
Q4 '23
Dividends —
Buybacks —
Q1 '24
Dividends —
Buybacks —
Q2 '24
Dividends —
Buybacks —
Q3 '24
Dividends —
Buybacks —
Q4 '24
Dividends —
Buybacks $0.0M
Q1 '25
Dividends —
Buybacks $0.0M
Q2 '25
Dividends —
Buybacks $0.0M
Q3 '25
Dividends —
Buybacks $11.9M
Q4 '25
Dividends —
Buybacks $12.0M
Q1 '26
Dividends —
Buybacks $42.5M
Q2 '26
Dividends —
Buybacks $22.7M
Dividends
Buybacks
FY19
Diluted shares 0.02B
FY20
Diluted shares 0.02B
FY21
Diluted shares 0.06B
FY22
Diluted shares 0.17B
FY23
Diluted shares 0.18B
FY24
Diluted shares 0.19B
FY25
Diluted shares 0.22B
Balance sheet
Cash, debt and the ratios that show how comfortably Remitly Global, Inc. can carry it.
FY19
Cash $182M
Debt —
FY20
Cash $187M
Debt —
FY21
Cash $403M
Debt —
FY22
Cash $301M
Debt $0.0M
FY23
Cash $324M
Debt $132M
FY24
Cash $368M
Debt $2.5M
FY25
Cash $542M
Debt $158M
Cash
Debt
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $403M | $301M | $324M | $368M | $542M |
| Debt incl. finance leases | — | $0.0M | $132M | $2.5M | $158M |
| Net debt / EBITDA | — | — | — | — | −3.8x |
| Debt / equity | — | 0.0x | 0.3x | 0.0x | 0.2x |
| Interest coverage | −31.6x | −93.0x | −48.6x | −12.1x | 10.2x |
| Current ratio | 4.3x | 3.2x | 2.5x | 2.7x | 3.3x |
| Quick ratio | 4.3x | 3.2x | 2.5x | 2.7x | 3.3x |
| Total assets | $626M | $696M | $1.0B | $1.0B | $1.5B |
| Total liabilities | $145M | $216M | $507M | $347M | $590M |
| Shareholders' equity | $480M | $480M | $529M | $665M | $869M |
| Net debt (− = net cash) | — | −$301M | −$191M | −$366M | −$385M |
Insider trades
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
No open-market insider trades in the last 12 months.
Piotroski F-score
Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.
| Test | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Net income is positive | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ✓ |
| Cash from operations is positive | ✓ | ✕ | ✕ | ✕ | ✓ | ✓ | ✓ |
| Return on assets rose | — | — | ✓ | ✕ | ✓ | ✓ | ✓ |
| Cash from operations exceeds net income | ✓ | ✕ | ✓ | ✓ | ✓ | ✓ | ✓ |
| Debt fell relative to assets | — | — | — | — | ✕ | ✓ | ✕ |
| Current ratio rose | — | — | ✓ | ✕ | ✕ | ✓ | ✓ |
| Share count didn't rise | — | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ |
| Gross margin rose | — | — | — | — | — | — | — |
| Revenue rose relative to assets | — | — | ✓ | ✓ | ✕ | ✓ | ✕ |
| F-score | — / 3 | — / 4 | 4 / 7 | 2 / 7 | 3 / 8 | 6 / 8 | 5 / 8 |
| Accruals ratio | — | 22.5% | −4.1% | −0.8% | −21.3% | −14.5% | −20.8% |
| Altman Z'' | — | −0.76 | 6.58 | 3.76 | 2.39 | 3.73 | 5.00 |
7 years of figures
US$ millions unless stated. Hover a ratio's name for its definition.
| Fiscal year | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | $127M | $257M | $459M | $654M | $944M | $1.3B | $1.6B |
| Research and development | $32.0M | $40.8M | $64.1M | $139M | $220M | $270M | $314M |
| Operating income | −$50.6M | −$29.2M | −$39.7M | −$121M | −$114M | −$39.1M | $77.5M |
| Interest expense | $1.6M | $1.2M | $1.3M | $1.3M | $2.4M | $3.2M | $7.6M |
| Pretax income | −$51.1M | −$31.4M | −$37.7M | −$113M | −$112M | −$30.3M | $71.6M |
| Income tax | $0.3M | $1.2M | $1.0M | $1.0M | $5.9M | $6.7M | $3.7M |
| Net income | −$51.4M | −$32.6M | −$38.8M | −$114M | −$118M | −$37.0M | $67.9M |
| Net income to common | −$63.5M | −$32.6M | −$38.8M | — | — | — | — |
| Diluted EPS | −$2.98 | −$1.52 | −$0.64 | −$0.68 | −$0.65 | −$0.19 | $0.31 |
| Diluted shares | 0.02B | 0.02B | 0.06B | 0.17B | 0.18B | 0.19B | 0.22B |
| Cash flow | |||||||
| Cash from operations | $8.4M | −$114M | −$18.4M | −$109M | $66.8M | $112M | $325M |
| Capital expenditure | $5.0M | $2.1M | $2.0M | $3.7M | $2.9M | $6.0M | $29.4M |
| Free cash flow | $3.4M | −$116M | −$20.3M | −$112M | $63.9M | $106M | $296M |
| Depreciation and amortization | $2.7M | $4.1M | $5.3M | $6.7M | $13.1M | $18.1M | $25.0M |
| Stock-based compensation | $3.6M | $5.3M | $17.0M | $95.3M | $137M | $152M | $155M |
| Acquisitions | — | $0.0M | $0.0M | $0.2M | $40.9M | $0.0M | $0.0M |
| Share buybacks | $7.0M | $0.0M | $0.0M | — | $0.0M | $0.0M | $23.9M |
| Dividends and buybacks | $7.0M | $0.0M | $0.0M | — | $0.0M | $0.0M | $23.9M |
| Balance sheet | |||||||
| Cash and short-term investments | $182M | $187M | $403M | $301M | $324M | $368M | $542M |
| Total debt | — | — | — | $0.0M | $132M | $2.5M | $158M |
| Current assets | — | $345M | $608M | $669M | $932M | $898M | $1.3B |
| Current liabilities | — | $182M | $142M | $209M | $367M | $329M | $399M |
| Property and equipment, net | — | $9.7M | $9.2M | $11.5M | $16.0M | $31.6M | $61.5M |
| Goodwill | — | — | — | $0.0M | $54.9M | $54.9M | $54.9M |
| Intangible assets | — | — | — | $0.0M | $16.6M | $10.5M | $2.1M |
| Total assets | — | $363M | $626M | $696M | $1.0B | $1.0B | $1.5B |
| Total liabilities | — | $187M | $145M | $216M | $507M | $347M | $590M |
| Shareholders' equity | −$187M | −$211M | $480M | $480M | $529M | $665M | $869M |
| Margins | |||||||
| Operating margin | −40.0% | −11.4% | −8.7% | −18.5% | −12.1% | −3.1% | 4.7% |
| EBITDA margin | −37.9% | −9.8% | −7.5% | −17.5% | −10.7% | −1.7% | 6.3% |
| Net margin | −40.6% | −12.7% | −8.5% | −17.4% | −12.5% | −2.9% | 4.2% |
| FCF margin | 2.7% | −45.3% | −4.4% | −17.2% | 6.8% | 8.4% | 18.1% |
| Returns | |||||||
| Return on capital | — | — | — | −53.3% | −26.7% | −10.3% | 15.2% |
| Return on capital employed | — | −16.1% | −8.2% | −24.9% | −17.1% | −5.7% | 7.3% |
| Return on equity | — | — | −28.8% | −23.7% | −23.3% | −6.2% | 8.9% |
| Return on assets | — | −9.0% | −7.8% | −17.3% | −13.6% | −3.6% | 5.5% |
| Return on tangible equity | — | — | −8.1% | −23.7% | −25.7% | −6.2% | 8.4% |
| Growth | |||||||
| Revenue growth | — | 103.0% | 78.5% | 42.5% | 44.5% | 33.9% | 29.4% |
| FCF growth | — | −3,533.9% | — | — | — | 65.1% | 180.0% |
| Share count change | — | 0.8% | 183.0% | 176.3% | 7.8% | 7.6% | 11.8% |
| Financial health | |||||||
| Net debt / EBITDA | — | — | — | — | — | — | −3.8x |
| Debt / equity | — | — | — | 0.0x | 0.3x | 0.0x | 0.2x |
| Interest coverage | −31.5x | −24.5x | −31.6x | −93.0x | −48.6x | −12.1x | 10.2x |
| Current ratio | — | 1.9x | 4.3x | 3.2x | 2.5x | 2.7x | 3.3x |
| Quick ratio | — | 1.9x | 4.3x | 3.2x | 2.5x | 2.7x | 3.3x |
| Capital allocation | |||||||
| Capex / revenue | 4.0% | 0.8% | 0.4% | 0.6% | 0.3% | 0.5% | 1.8% |
| Stock comp / revenue | 2.9% | 2.0% | 3.7% | 14.6% | 14.5% | 12.0% | 9.5% |
| Payouts / FCF | 207.4% | — | — | — | 0.0% | 0.0% | 8.1% |
| Quality scores | |||||||
| Piotroski F-score | — | — | 4.0 | 2.0 | 3.0 | 6.0 | 5.0 |
| Altman Z'' | — | −0.8 | 6.6 | 3.8 | 2.4 | 3.7 | 5.0 |
| Accruals ratio | — | 22.5% | −4.1% | −0.8% | −21.3% | −14.5% | −20.8% |
Source: SEC EDGAR XBRL filings (CIK 0001782170). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.