Remitly Global, Inc.RELYEarnings & Financial Report
Remitly is an American online remittance service based in Seattle, United States that offers international money transfers to over 170 countries. It was founded in 2011 by Matthew Oppenheimer, Josh Hug, and Shivaas Gulati and became publicly traded on the Nasdaq exchange in September 2021.
Revenue
$351.9M
Gross Profit
N/A
Operating Profit
$-3.7M
Net Profit
$-5.7M
Gross Margin
N/A
Operating Margin
-1.1%
Net Margin
-1.6%
YoY Growth
32.9%
EPS
$-0.03
Financial Flow
Remitly Global, Inc. Q4 2024 Financial Summary
Remitly Global, Inc. reported revenue of $351.9M (up 32.9% YoY) for Q4 2024, with a net profit of $-5.7M (up 83.7% YoY) (-1.6% margin). Cost of goods sold was N/A.
Key Financial Metrics
| Total Revenue | $351.9M |
|---|---|
| Net Profit | $-5.7M |
| Gross Margin | N/A |
| Operating Margin | -1.1% |
| Report Period | Q4 2024 |
Remitly Global, Inc. Annual Revenue by Year
Remitly Global, Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $1.6B).
| Year | Annual Revenue |
|---|---|
| 2025 | $1.6B |
| 2024 | $1.3B |
| 2023 | $944.3M |
| 2022 | $653.6M |
Remitly Global, Inc. Quarterly Revenue & Net Profit History
Remitly Global, Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 2025 | $442.2M | +25.7% | $41.2M | 9.3% |
| Q3 2025 | $419.5M | +24.7% | $8.8M | 2.1% |
| Q2 2025 | $411.9M | +34.4% | $6.5M | 1.6% |
| Q1 2025 | $361.6M | +34.4% | $11.4M | 3.1% |
| Q4 2024 | $351.9M | +32.9% | $-5.7M | -1.6% |
| Q3 2024 | $336.5M | +39.3% | $1.9M | 0.6% |
| Q2 2024 | $306.4M | +30.9% | $-12.1M | -3.9% |
| Q1 2024 | $269.1M | +32.0% | $-21.1M | -7.8% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $269.1M | $306.4M | $336.5M | $351.9M | $361.6M | $411.9M | $419.5M | $442.2M |
| YoY Growth | 32.0% | 30.9% | 39.3% | 32.9% | 34.4% | 34.4% | 24.7% | 25.7% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $1.08B | $950.2M | $970.4M | $1.01B | $1.10B | $1.17B | $1.21B | $1.46B |
| Liabilities | $529.8M | $371.3M | $339.6M | $347.4M | $377.1M | $401.2M | $416.5M | $589.9M |
| Equity | $549.4M | $578.9M | $630.8M | $665.5M | $723.5M | $764.9M | $797.2M | $868.8M |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-56.8M | $48.9M | $146.8M | $-27.3M | $132.9M | $41.2M | $1.4M | $149.6M |