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Remitly Global, Inc. (RELY) 10-Year Financial Performance & Capital Metrics

RELY • • Industrial / General
TechnologyInfrastructure SoftwarePayment Processing & Digital CommerceFinancial Infrastructure & Billing
AboutRemitly Global, Inc. provides digital financial services for immigrants and their families. It primarily offers cross-border remittance services in approximately 150 countries. The company was incorporated in 2011 and is headquartered in Seattle, Washington.Show more
  • Revenue $1.26B +33.9%
  • EBITDA -$21M +79.2%
  • Net Income -$37M +68.6%
  • EPS (Diluted) -0.19 +70.8%
  • Gross Margin 59.21% +5.0%
  • EBITDA Margin -1.66% +84.5%
  • Operating Margin -3.09% +74.4%
  • Net Margin -2.93% +76.6%
  • ROE -6.19% +73.5%
  • ROIC -8.85% +72.2%
  • Debt/Equity 0.02 -90.9%
  • Interest Coverage -12.06 +75.2%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Company is almost debt free
  • ✓Strong Piotroski F-Score: 7/9
  • ✓Strong 5Y sales CAGR of 58.4%
  • ✓Efficient asset utilization: 1.2x turnover

✗Weaknesses

  • ✗Weak momentum: RS Rating 17 (bottom 17%)
  • ✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y40.06%
5Y58.45%
3Y40.21%
TTM31.27%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM131.68%

EPS CAGR

10Y-
5Y-
3Y-
TTM125.76%

ROCE

10Y Avg-13.97%
5Y Avg-16.34%
3Y Avg-16.82%
Latest-5.78%

Peer Comparison

Financial Infrastructure & Billing
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Quality & Returns
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Momentum & Returns
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Technical
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Profit & Loss

Dec 2014Dec 2015Dec 2016Dec 2017Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+42.05M1.15B1.25B1.35B126.57M256.96M458.61M653.56M944.28M1.26B
Revenue Growth %-0.03%26.25%0.09%0.08%-0.91%1.03%0.78%0.43%0.44%0.34%
Cost of Goods Sold+25.7M1.07B1.18B1.29B73.3M135.84M237.13M326.93M411.63M515.52M
COGS % of Revenue0.61%0.93%0.95%0.96%0.58%0.53%0.52%0.5%0.44%0.41%
Gross Profit+16.34M74.9M66.7M59.1M53.26M121.11M221.47M326.63M532.65M748.44M
Gross Margin %0.39%0.07%0.05%0.04%0.42%0.47%0.48%0.5%0.56%0.59%
Gross Profit Growth %-0.19%3.58%-0.11%-0.11%-0.1%1.27%0.83%0.47%0.63%0.41%
Operating Expenses+47.69M58M63.4M54.7M103.87M150.3M261.2M447.66M646.85M787.53M
OpEx % of Revenue1.13%0.05%0.05%0.04%0.82%0.58%0.57%0.68%0.69%0.62%
Selling, General & Admin18.85M56M61M52.3M69.2M105.46M191.85M302.22M413.79M499.66M
SG&A % of Revenue0.45%0.05%0.05%0.04%0.55%0.41%0.42%0.46%0.44%0.4%
Research & Development000032.01M40.78M64.09M138.72M219.94M269.82M
R&D % of Revenue----0.25%0.16%0.14%0.21%0.23%0.21%
Other Operating Expenses28.84M2M2.4M2.4M2.66M4.06M5.26M6.72M13.12M18.05M
Operating Income+1.73M17.4M-68.8M-129.3M-50.6M-29.18M-39.72M-121.04M-114.19M-39.09M
Operating Margin %0.04%0.02%-0.06%-0.1%-0.4%-0.11%-0.09%-0.19%-0.12%-0.03%
Operating Income Growth %1.29%9.07%-4.95%-0.88%0.61%0.42%-0.36%-2.05%0.06%0.66%
EBITDA+3.04M63.4M-14M-76.6M-47.94M-25.12M-34.47M-114.31M-101.08M-21.03M
EBITDA Margin %0.07%0.06%-0.01%-0.06%-0.38%-0.1%-0.08%-0.17%-0.11%-0.02%
EBITDA Growth %1.76%19.87%-1.22%-4.47%0.37%0.48%-0.37%-2.32%0.12%0.79%
D&A (Non-Cash Add-back)1.31M46M54.8M52.7M2.66M4.06M5.26M6.72M13.12M18.05M
EBIT-626K-7.4M-69.1M-128.4M-49.52M-30.21M-36.46M-111.67M-109.59M-27.01M
Net Interest Income+0000-497K-916K-1.12M2.85M5.09M4.84M
Interest Income00001.11M273K140K4.15M7.45M8.08M
Interest Expense905K33.4M34.7M200K1.61M1.19M1.26M1.3M2.35M3.24M
Other Income/Expense-3.26M-58.2M-35M700K-531K-2.22M2.01M8.06M2.26M8.84M
Pretax Income+-1.53M-40.8M-103.8M-128.6M-51.13M-31.4M-37.71M-112.98M-111.94M-30.25M
Pretax Margin %-0.04%-0.04%-0.08%-0.1%-0.4%-0.12%-0.08%-0.17%-0.12%-0.02%
Income Tax+-4.68M-9.1M-600K-7.8M259K1.16M1.04M1.04M5.9M6.73M
Effective Tax Rate %-2.06%0.78%0.99%0.94%1.01%1.04%1.03%1.01%1.05%1.22%
Net Income+3.15M-31.7M-103.2M-120.8M-51.39M-32.56M-38.76M-114.02M-117.84M-36.98M
Net Margin %0.07%-0.03%-0.08%-0.09%-0.41%-0.13%-0.08%-0.17%-0.12%-0.03%
Net Income Growth %1.31%-11.07%-2.26%-0.17%0.57%0.37%-0.19%-1.94%-0.03%0.69%
Net Income (Continuing)3.15M-31.7M-103.2M-120.8M-51.39M-32.56M-38.76M-114.02M-117.84M-36.98M
Discontinued Operations0000000000
Minority Interest0000000000
EPS (Diluted)+0.04-1.09-3.57-4.17-0.42-0.20-0.64-0.68-0.65-0.19
EPS Growth %1.31%-25.94%-2.28%-0.17%0.9%0.52%-2.2%-0.06%0.04%0.71%
EPS (Basic)0.04-1.09-3.57-4.17-0.42-0.21-0.64-0.68-0.65-0.19
Diluted Shares Outstanding72.11M29.2M28.95M28.97M21.29M152.03M60.73M167.77M180.82M194.65M
Basic Shares Outstanding70.94M29.2M28.95M28.97M17.22M162.65M60.73M167.77M180.82M194.65M
Dividend Payout Ratio----------

Balance Sheet

Dec 2014Dec 2015Dec 2016Dec 2017Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+86.1M271.8M286.8M305.1M248.53M345.33M607.55M669.42M932.12M897.51M
Cash & Short-Term Investments68.11M35.7M27.8M31.9M182.35M186.69M403.26M300.63M323.71M368.1M
Cash Only62.87M35.7M27.2M24.9M182.35M186.69M403.26M300.63M323.71M368.1M
Short-Term Investments5.24M0600K7M000000
Accounts Receivable4.51M77.2M88.4M122.5M29.52M50.73M67.22M191.4M397.83M213.02M
Days Sales Outstanding39.1424.625.8233.2185.1472.0653.5106.89153.7861.51
Inventory11.35M101.2M118.2M107.3M000000
Days Inventory Outstanding161.1834.536.4730.42------
Other Current Assets2.13M57.7M52.4M43.4M4.82M6.35M17.45M19.33M4.31M5.08M
Total Non-Current Assets+35.83M429.1M358.7M287M17.53M17.66M18.11M26.53M104.19M115.36M
Property, Plant & Equipment435K301.5M289.2M247.5M15.81M15.28M14.55M20.22M25.54M44.57M
Fixed Asset Turnover96.66x3.80x4.32x5.44x8.00x16.82x31.52x32.32x36.98x28.36x
Goodwill17.78M104.3M42.2M9.8M000054.94M54.94M
Intangible Assets1.72M15.1M12.5M0000016.64M10.46M
Long-Term Investments0000000000
Other Non-Current Assets10.78M2.4M1.3M20.7M1.72M2.38M3.56M6.31M7.07M5.39M
Total Assets+121.92M700.9M645.5M592.1M266.06M362.99M625.66M695.95M1.04B1.01B
Asset Turnover0.34x1.63x1.94x2.27x0.48x0.71x0.73x0.94x0.91x1.25x
Asset Growth %0.35%4.75%-0.08%-0.08%-0.55%0.36%0.72%0.11%0.49%-0.02%
Total Current Liabilities+15.17M155.1M164.5M232M144.57M181.78M141.62M209.14M366.84M329.01M
Accounts Payable6.22M100.9M115.8M96.4M202K4.26M1.21M6.79M35.05M16.16M
Days Payables Outstanding88.3134.435.7327.331.0111.441.867.5931.0811.44
Short-Term Debt3.9M2.3M2.3M3.6M45M80M002.48M2.47M
Deferred Revenue (Current)1000K1000K1000K1000K000000
Other Current Liabilities-53K45.9M44.4M123M84.08M74.77M94.09M143.03M256.34M230.56M
Current Ratio5.68x1.75x1.74x1.32x1.72x1.90x4.29x3.20x2.54x2.73x
Quick Ratio4.93x1.10x1.02x0.85x1.72x1.90x4.29x3.20x2.54x2.73x
Cash Conversion Cycle112.0124.726.5636.3------
Total Non-Current Liabilities+15.14M324.2M363.6M14.5M5.41M4.83M3.72M6.72M140.13M18.39M
Long-Term Debt9.7M312.1M354.2M4.4M0000130M0
Capital Lease Obligations00005.4M4.01M2.91M5.67M4.48M9.07M
Deferred Tax Liabilities5.1M6.7M2.5M2.7M000000
Other Non-Current Liabilities-82K215M243.5M-94.5M15K827K813K1.05M5.65M9.32M
Total Liabilities36.21M559.3M612.1M673.2M149.98M186.61M145.34M215.87M506.97M347.4M
Total Debt+13.6M314.4M356.5M8M53.02M86.97M6.15M9.2M142.99M16.29M
Net Debt-49.27M278.7M329.3M-16.9M-129.34M-99.73M-397.12M-291.44M-180.72M-351.81M
Debt / Equity0.16x2.22x10.67x-0.46x0.49x0.01x0.02x0.27x0.02x
Debt / EBITDA4.48x4.96x--------
Net Debt / EBITDA-16.22x4.40x--------
Interest Coverage1.91x0.52x-1.98x-646.50x-31.47x-24.54x-31.63x-92.96x-48.55x-12.06x
Total Equity+85.71M141.6M33.4M-81.1M116.08M176.38M480.33M480.09M529.34M665.47M
Equity Growth %0.72%0.65%-0.76%-3.43%2.43%0.52%1.72%-0%0.1%0.26%
Book Value per Share1.194.851.15-2.805.451.167.912.862.933.42
Total Shareholders' Equity85.71M141.6M33.4M-81.1M116.08M176.38M480.33M480.09M529.34M665.47M
Common Stock17K28.89M4M29.72M2K2K16K17K19K20K
Retained Earnings-396.31M-403.3M-506.2M-627.9M-188.12M-220.69M-259.44M-373.46M-491.3M-528.28M
Treasury Stock0000000000
Accumulated OCI0-1M-7.1M4.5M34K591K253K-743K335K-1.66M
Minority Interest0000000000

Cash Flow

Dec 2014Dec 2015Dec 2016Dec 2017Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+-13.93M92.5M9.3M-12.9M8.44M-114.21M-18.39M-108.66M-53.59M194.49M
Operating CF Margin %-0.33%0.08%0.01%-0.01%0.07%-0.44%-0.04%-0.17%-0.06%0.15%
Operating CF Growth %-1.61%7.64%-0.9%-2.39%1.65%-14.54%0.84%-4.91%0.51%4.63%
Net Income5.5M-6.9M-102.9M-121.7M-51.39M-32.56M-38.76M-114.02M-117.84M-36.98M
Depreciation & Amortization1.31M46M54.8M52.7M2.66M4.06M5.26M6.72M13.12M18.05M
Stock-Based Compensation00003.65M5.26M17.02M95.29M136.97M152.14M
Deferred Taxes5.1M2.1M3.9M8.9M000000
Other Non-Cash Items-42.27M4.23M44.3M94.3M37K2K7.38M50.84M5.31M3.04M
Working Capital Changes15.26M45.77M5.6M-49.2M53.48M-90.97M-9.29M-147.5M-91.15M58.23M
Change in Receivables-757K3.7M-14.1M-28.2M-17.41M-20.03M-17.28M-126.94M-183.42M186.36M
Change in Inventory-1M44.6M-9.6M15.9M000000
Change in Payables716K-8.2M18.3M-6.6M-1.49M4.04M-3.04M027.56M-20.82M
Cash from Investing+2.87M-477.6M-17.1M-24.4M-7.21M-4.37M-4.53M-7.31M-50.04M-17.7M
Capital Expenditures-197K-26M-30.8M-23.8M-5.05M-2.06M-1.96M-3.68M-2.86M-6M
CapEx % of Revenue0%0.02%0.02%0.02%0.04%0.01%0%0.01%0%0%
Acquisitions----------
Investments----------
Other Investing3.06M73.1M36.7M-600K-2.16M-2.31M-2.58M-3.38M-6.25M-11.7M
Cash from Financing+26.02M358M35M36.7M117.02M122.22M238.2M14.59M126.65M-127.44M
Debt Issued (Net)----------
Equity Issued (Net)----------
Dividends Paid0000000000
Share Repurchases----------
Other Financing26.02M358M35M36.7M1.03M2.38M6.97M15.07M13.72M-15.49M
Net Change in Cash----------
Free Cash Flow+-14.13M66.5M-21.5M-36.7M1.23M-118.58M-22.93M-112.33M-62.69M176.78M
FCF Margin %-0.34%0.06%-0.02%-0.03%0.01%-0.46%-0.05%-0.17%-0.07%0.14%
FCF Growth %-1.62%5.71%-1.32%-0.71%1.03%-97.72%0.81%-3.9%0.44%3.82%
FCF per Share-0.202.28-0.74-1.270.06-0.78-0.38-0.67-0.350.91
FCF Conversion (FCF/Net Income)-4.42x-2.92x-0.09x0.11x-0.16x3.51x0.47x0.95x0.45x-5.26x
Interest Paid00001.56M1.06M934K906K1.65M2.55M
Taxes Paid0000186K421K756K05.3M3.16M

Key Ratios

Metric2014201520162017201920202021202220232024
Return on Equity (ROE)4.64%-27.89%-117.94%--293.86%-22.27%-11.8%-23.74%-23.35%-6.19%
Return on Invested Capital (ROIC)4.66%5.71%-13.18%-73.27%--69.06%-37.27%-66.78%-31.88%-8.85%
Gross Margin38.87%6.54%5.34%4.39%42.08%47.13%48.29%49.98%56.41%59.21%
Net Margin7.49%-2.77%-8.26%-8.97%-40.6%-12.67%-8.45%-17.45%-12.48%-2.93%
Debt / Equity0.16x2.22x10.67x-0.46x0.49x0.01x0.02x0.27x0.02x
Interest Coverage1.91x0.52x-1.98x-646.50x-31.47x-24.54x-31.63x-92.96x-48.55x-12.06x
FCF Conversion-4.42x-2.92x-0.09x0.11x-0.16x3.51x0.47x0.95x0.45x-5.26x
Revenue Growth-3.37%2624.63%9.09%7.74%-90.6%103.02%78.48%42.51%44.48%33.85%

Revenue by Segment

2015201620172021202220232024
Reportable------1.26B
Reportable Growth-------
Real Alloy North America711.4M821M887.1M----
Real Alloy North America Growth-15.41%8.05%----
Real Alloy Europe434.2M428.6M459.3M----
Real Alloy Europe Growth--1.29%7.16%----
Corporate And Other-100K-----
Corporate And Other Growth-------

Revenue by Geography

2015201620172021202220232024
UNITED STATES-640.4M-338.19M472.75M631.75M825.77M
UNITED STATES Growth----39.79%33.63%30.71%
World---63.5M100.66M199.23M297.13M
World Growth----58.53%97.91%49.14%
CANADA---56.92M80.14M113.31M141.06M
CANADA Growth----40.81%41.39%24.49%
U--701M----
U Growth-------
Non Us600.4M609.3M645.4M----
Non Us Growth-1.48%5.92%----
Europe434.2M427.6M459.3M----
Europe Growth--1.52%7.41%----
Canada And Mexico166.2M181.7M186.1M----
Canada And Mexico Growth-9.33%2.42%----
U S545.2M------
U S Growth-------

Frequently Asked Questions

Growth & Financials

Remitly Global, Inc. (RELY) reported $1.54B in revenue for fiscal year 2024.

Remitly Global, Inc. (RELY) grew revenue by 33.9% over the past year. This is strong growth.

Yes, Remitly Global, Inc. (RELY) is profitable, generating $21.0M in net income for fiscal year 2024 (-2.9% net margin).

Dividend & Returns

Remitly Global, Inc. (RELY) has a return on equity (ROE) of -6.2%. Negative ROE indicates the company is unprofitable.

Remitly Global, Inc. (RELY) generated $193.5M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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