Remitly Global
Income Statement
Last updated:
Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. Remitly Global's past years’ income statements indicate that its last revenue has increased compared to the previous period by 44% to $944,285,000. Profit margin reached -12%. Total operating expenses were $646,846,000.
Profit Margin
| 2013 | 43.51M | -10.03M | -23.06% |
|---|---|---|---|
| 2014 | 42.04M | 3.14M | 7.49% |
| 2015 | 1.14B | -31.7M | -2.77% |
| 2016 | 1.24B | -103.2M | -8.26% |
| 2017 | 1.34B | -120.8M | -8.97% |
| 2019 | 126.56M | -51.39M | -40.6% |
| 2020 | 256.95M | -32.56M | -12.67% |
| 2021 | 458.60M | -38.75M | -8.45% |
| 2022 | 653.56M | -114.01M | -17.45% |
| 2023 | 944.28M | -117.84M | -12.48% |
RELY Income Statement (2013 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||
Revenue | 944.28M | 653.56M | 458.60M | 256.95M | 126.56M | 1.34B | 1.24B | 1.14B | 42.04M | 43.51M |
Cost of revenue | 410.88M | 326.93M | 237.13M | 135.84M | 73.30M | 1.28B | 1.18B | 1.07B | 25.70M | 23.42M |
Gross profit | 533.4M | 326.62M | 221.47M | 121.11M | 53.26M | 59.1M | 66.7M | 74.9M | 16.34M | 20.08M |
Operating exp. | ||||||||||
Research and development | 219.93M | 138.71M | 64.09M | 40.77M | 32.00M | 0 | 0 | 0 | 0 | 0 |
Selling and marketing | 234.41M | 170.97M | 120.90M | 73.80M | 43.54M | 0 | 0 | 0 | 0 | 0 |
Total operating expenses | 646.84M | 447.66M | 261.19M | 150.29M | 103.86M | 54.7M | 63.4M | 58M | 47.68M | 48.97M |
Operating income | -114.19M | -121.03M | -39.72M | -29.18M | -50.60M | -129.3M | -68.8M | 17.4M | 1.72M | -5.92M |
Other income (expenses), net | 2.25M | 8.06M | 2.00M | -2.21M | -531K | 700K | -35M | -58.2M | -3.25M | -3.94M |
Income before tax | -111.93M | -112.97M | -37.71M | -31.40M | -51.13M | -128.6M | -103.8M | -40.8M | -1.53M | -9.87M |
Income tax expense | 5.90M | 1.04M | 1.04M | 1.16M | 259K | -7.8M | -600K | -9.1M | -4.68M | 163K |
Net income | -117.84M | -114.01M | -38.75M | -32.56M | -51.39M | -120.8M | -103.2M | -31.7M | 3.14M | -10.03M |
Earnings per share | ||||||||||
Basic EPS | -0.65 | -0.68 | -0.24 | -0.2 | -0.32 | -4.17 | -3.57 | -1.09 | 0.23 | -0.83 |
Diluted EPS | -0.65 | -0.68 | -0.24 | -0.2 | -0.32 | -4.17 | -3.57 | -1.09 | 0.22 | -0.83 |
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