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

RELY •
TechnologyInfrastructure SoftwarePayments and fintech infrastructure
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 $1.64B +29.4%
  • EBITDA $103M +587.4%
  • Net Income $68M +283.7%
  • EPS (Diluted) 0.31 +263.2%
  • Gross Margin -
  • EBITDA Margin 6.27% +476.7%
  • Operating Margin 4.74% +253.2%
  • Net Margin 4.15% +242.0%
  • ROE 8.86% +243.1%
  • ROIC 13.96% +257.7%
  • Debt/Equity 0.22 +803.6%
  • Interest Coverage -
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓FCF machine: 18.1% free cash flow margin
  • ✓High quality earnings: Operating CF exceeds net income
  • ✓Strong 5Y sales CAGR of 44.8%
  • ✓Efficient asset utilization: 1.1x turnover

✗Weaknesses

  • ✗Shares diluted 11.8% in last year
  • ✗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

10Y44.21%
5Y44.79%
3Y35.76%
TTM31.27%

Profit (Net Income) CAGR

10Y35.95%
5Y-
3Y-
TTM131.68%

EPS CAGR

10Y21.64%
5Y-
3Y-
TTM125.93%

ROCE

10Y Avg-13.26%
5Y Avg-10.7%
3Y Avg-5.55%
Latest8.89%

Peer Comparison

Payments and fintech infrastructure
Select Columns
Size & Scale
Valuation
Per Share
Growth
Profitability
Quality & Returns
Safety & Leverage
TTM Growth
Famous Investor Metrics
Dividends
Latest Quarter
Momentum & Returns
Total Return (DRIP)
Technical
Volume & Trading
Shares & Dilution
Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
KLARKlarna Group plc5.12B13.562023.8821.17%-9.29%-10.65%10.6%0.35
AFRMAffirm Holdings, Inc.15.27B46.98313.2038.8%9.66%7.96%3.94%2.56
RELYRemitly Global, Inc.3.5B16.7053.8729.37%1.36%2.63%8.46%0.22
TOSTToast, Inc.14.28B27.3148.7724.05%5.56%16.1%4.26%0.02
DLODLocal Limited2.03B12.2431.3814.7%17.8%33.87%0.11
XYZBlock, Inc.38.35B63.7030.330.3%5.39%5.88%6.32%0.33
CSGSCSG Systems International, Inc.2.31B79.9026.372.39%7.17%30.93%4.91%2.03
CPAYCorpay, Inc.22.81B325.1023.275.77%24.37%25.52%7.74%2.54

Compare RELY vs Peers

Analyze head-to-head performance against top industry competitors across valuation, growth, and profitability metrics.

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Compare Top 5

vs XYZ, CPAY, AFRM, TOST

Profit & Loss

Dec 2015Dec 2016Dec 2017Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Sales/Revenue+1.15B1.25B1.35B126.57M256.96M458.61M653.56M944.28M1.26B1.64B
Revenue Growth %2624.63%9.09%7.74%-90.6%103.02%78.48%42.51%44.48%33.85%29.37%
Cost of Goods Sold+1.07B1.18B1.29B73.3M135.84M237.13M326.93M411.63M515.52M0
COGS % of Revenue93.46%94.66%95.61%57.92%52.87%51.71%50.02%43.59%40.79%-
Gross Profit+74.9M66.7M59.1M53.26M121.11M221.47M326.63M532.65M748.44M0
Gross Margin %6.54%5.34%4.39%42.08%47.13%48.29%49.98%56.41%59.21%-
Gross Profit Growth %358.24%-10.95%-11.39%-9.87%127.38%82.86%47.48%63.08%40.51%-100%
Operating Expenses+58M63.4M54.7M103.87M150.3M261.2M447.66M646.85M787.53M881.94M
OpEx % of Revenue5.06%5.07%4.06%82.06%58.49%56.95%68.5%68.5%62.31%53.94%
Selling, General & Admin56M61M52.3M69.2M105.46M191.85M302.22M413.79M499.66M568.03M
SG&A % of Revenue4.89%4.88%3.88%54.67%41.04%41.83%46.24%43.82%39.53%34.74%
Research & Development00032.01M40.78M64.09M138.72M219.94M269.82M313.91M
R&D % of Revenue---25.29%15.87%13.98%21.23%23.29%21.35%19.2%
Other Operating Expenses2M2.4M2.4M2.66M4.06M5.26M6.72M13.12M18.05M0
Operating Income+17.4M-68.8M-129.3M-50.6M-29.18M-39.72M-121.04M-114.19M-39.09M77.47M
Operating Margin %1.52%-5.51%-9.6%-39.98%-11.36%-8.66%-18.52%-12.09%-3.09%4.74%
Operating Income Growth %906.94%-495.4%-87.94%60.86%42.33%-36.11%-204.71%5.65%65.77%298.2%
EBITDA+63.4M-14M-76.6M-47.94M-25.12M-34.47M-114.31M-101.08M-21.03M102.5M
EBITDA Margin %5.53%-1.12%-5.69%-37.88%-9.78%-7.52%-17.49%-10.7%-1.66%6.27%
EBITDA Growth %1986.9%-122.08%-447.14%37.41%47.6%-37.19%-231.67%11.58%79.19%587.36%
D&A (Non-Cash Add-back)46M54.8M52.7M2.66M4.06M5.26M6.72M13.12M18.05M25.03M
EBIT-7.4M-69.1M-128.4M-49.52M-30.21M-36.46M-111.67M-109.59M-27.01M0
Net Interest Income+000-497K-916K-1.12M2.85M5.09M4.84M0
Interest Income0001.11M273K140K4.15M7.45M8.08M7.7M
Interest Expense33.4M34.7M200K1.61M1.19M1.26M1.3M2.35M3.24M-7.61M
Other Income/Expense-58.2M-35M700K-531K-2.22M2.01M8.06M2.26M8.84M-5.84M
Pretax Income+-40.8M-103.8M-128.6M-51.13M-31.4M-37.71M-112.98M-111.94M-30.25M71.63M
Pretax Margin %-3.56%-8.31%-9.55%-40.4%-12.22%-8.22%-17.29%-11.85%-2.39%4.38%
Income Tax+-9.1M-600K-7.8M259K1.16M1.04M1.04M5.9M6.73M3.69M
Effective Tax Rate %77.7%99.42%93.93%100.51%103.7%102.77%100.92%105.27%122.24%94.84%
Net Income+-31.7M-103.2M-120.8M-51.39M-32.56M-38.76M-114.02M-117.84M-36.98M67.93M
Net Margin %-2.77%-8.26%-8.97%-40.6%-12.67%-8.45%-17.45%-12.48%-2.93%4.15%
Net Income Growth %-1106.67%-225.55%-17.05%57.46%36.64%-19.01%-194.2%-3.35%68.62%283.71%
Net Income (Continuing)-31.7M-103.2M-120.8M-51.39M-32.56M-38.76M-114.02M-117.84M-36.98M67.93M
Discontinued Operations0000000000
Minority Interest0000000000
EPS (Diluted)+-1.09-3.57-4.17-0.42-0.20-0.64-0.68-0.65-0.190.31
EPS Growth %-2594.28%-227.52%-16.81%89.93%52.38%-220%-6.25%4.41%70.77%263.16%
EPS (Basic)-1.09-3.57-4.17-0.42-0.21-0.64-0.68-0.65-0.190.33
Diluted Shares Outstanding29.2M28.95M28.97M21.29M152.03M60.73M167.77M180.82M194.65M217.57M
Basic Shares Outstanding29.2M28.95M28.97M17.22M162.65M60.73M167.77M180.82M194.65M205.83M
Dividend Payout Ratio----------

Balance Sheet

Dec 2015Dec 2016Dec 2017Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Total Current Assets+271.8M286.8M305.1M248.53M345.33M607.55M669.42M932.12M897.51M1.32B
Cash & Short-Term Investments35.7M27.8M31.9M182.35M186.69M403.26M300.63M323.71M368.1M828.88M
Cash Only35.7M27.2M24.9M182.35M186.69M403.26M300.63M323.71M368.1M542.43M
Short-Term Investments0600K7M000000286.45M
Accounts Receivable77.2M88.4M122.5M29.52M50.73M67.22M191.4M397.83M213.02M0
Days Sales Outstanding24.625.8233.2185.1472.0653.5106.89153.7861.51-
Inventory101.2M118.2M107.3M0000000
Days Inventory Outstanding34.536.4730.42-------
Other Current Assets57.7M52.4M43.4M4.82M6.35M17.45M19.33M4.31M5.08M487.07M
Total Non-Current Assets+429.1M358.7M287M17.53M17.66M18.11M26.53M104.19M115.36M142.76M
Property, Plant & Equipment301.5M289.2M247.5M15.81M15.28M14.55M20.22M25.54M44.57M73.97M
Fixed Asset Turnover3.80x4.32x5.44x8.00x16.82x31.52x32.32x36.98x28.36x22.10x
Goodwill104.3M42.2M9.8M000054.94M54.94M54.94M
Intangible Assets15.1M12.5M0000016.64M10.46M2.13M
Long-Term Investments0000000000
Other Non-Current Assets2.4M1.3M20.7M1.72M2.38M3.56M6.31M7.07M5.39M11.72M
Total Assets+700.9M645.5M592.1M266.06M362.99M625.66M695.95M1.04B1.01B1.46B
Asset Turnover1.63x1.94x2.27x0.48x0.71x0.73x0.94x0.91x1.25x1.12x
Asset Growth %474.87%-7.9%-8.27%-55.07%36.43%72.36%11.23%48.9%-2.26%44.02%
Total Current Liabilities+155.1M164.5M232M144.57M181.78M141.62M209.14M366.84M329.01M399.05M
Accounts Payable100.9M115.8M96.4M202K4.26M1.21M6.79M35.05M16.16M28.45M
Days Payables Outstanding34.435.7327.331.0111.441.867.5931.0811.44-
Short-Term Debt2.3M2.3M3.6M45M80M002.48M2.47M8.99M
Deferred Revenue (Current)6M2M9M0000000
Other Current Liabilities45.9M44.4M123M84.08M74.77M94.09M143.03M256.34M230.56M390.06M
Current Ratio1.75x1.74x1.32x1.72x1.90x4.29x3.20x2.54x2.73x3.30x
Quick Ratio1.10x1.02x0.85x1.72x1.90x4.29x3.20x2.54x2.73x3.30x
Cash Conversion Cycle24.726.5636.3-------
Total Non-Current Liabilities+324.2M363.6M14.5M5.41M4.83M3.72M6.72M140.13M18.39M190.87M
Long-Term Debt312.1M354.2M4.4M0000130M0183.13M
Capital Lease Obligations0005.4M4.01M2.91M5.67M4.48M9.07M0
Deferred Tax Liabilities6.7M2.5M2.7M0000000
Other Non-Current Liabilities215M243.5M-94.5M15K827K813K1.05M5.65M9.32M7.74M
Total Liabilities559.3M612.1M673.2M149.98M186.61M145.34M215.87M506.97M347.4M589.92M
Total Debt+314.4M356.5M8M53.02M86.97M6.15M9.2M142.99M16.29M192.12M
Net Debt278.7M329.3M-16.9M-129.34M-99.73M-397.12M-291.44M-180.72M-351.81M-350.3M
Debt / Equity2.22x10.67x-0.46x0.49x0.01x0.02x0.27x0.02x0.22x
Debt / EBITDA4.96x--------1.87x
Net Debt / EBITDA4.40x---------3.42x
Interest Coverage0.52x-1.98x-646.50x-31.47x-24.54x-31.63x-92.96x-48.55x-12.06x-
Total Equity+141.6M33.4M-81.1M116.08M176.38M480.33M480.09M529.34M665.47M868.79M
Equity Growth %65.21%-76.41%-342.81%243.13%51.95%172.33%-0.05%10.26%25.72%30.55%
Book Value per Share4.851.15-2.805.451.167.912.862.933.423.99
Total Shareholders' Equity141.6M33.4M-81.1M116.08M176.38M480.33M480.09M529.34M665.47M868.79M
Common Stock28.89M4M29.72M2K2K16K17K19K20K21K
Retained Earnings-403.3M-506.2M-627.9M-188.12M-220.69M-259.44M-373.46M-491.3M-528.28M-460.35M
Treasury Stock0000000000
Accumulated OCI-1M-7.1M4.5M34K591K253K-743K335K-1.66M3.6M
Minority Interest0000000000

Cash Flow

Dec 2015Dec 2016Dec 2017Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Cash from Operations+92.5M9.3M-12.9M8.44M-114.21M-18.39M-108.66M-53.59M194.49M325.08M
Operating CF Margin %8.07%0.74%-0.96%6.66%-44.45%-4.01%-16.63%-5.68%15.39%19.88%
Operating CF Growth %763.94%-89.95%-238.71%165.39%-1453.99%83.9%-490.81%50.68%462.91%67.15%
Net Income-6.9M-102.9M-121.7M-51.39M-32.56M-38.76M-114.02M-117.84M-36.98M67.93M
Depreciation & Amortization46M54.8M52.7M2.66M4.06M5.26M6.72M13.12M18.05M46.76M
Stock-Based Compensation0003.65M5.26M17.02M95.29M136.97M152.14M155.11M
Deferred Taxes2.1M3.9M8.9M0000000
Other Non-Cash Items4.23M44.3M94.3M37K2K7.38M50.84M5.31M3.04M55.27M
Working Capital Changes45.77M5.6M-49.2M53.48M-90.97M-9.29M-147.5M-91.15M58.23M0
Change in Receivables3.7M-14.1M-28.2M-17.41M-20.03M-17.28M-126.94M-183.42M186.36M0
Change in Inventory44.6M-9.6M15.9M0000000
Change in Payables-8.2M18.3M-6.6M-1.49M4.04M-3.04M027.56M-20.82M10.06M
Cash from Investing+-477.6M-17.1M-24.4M-7.21M-4.37M-4.53M-7.31M-50.04M-17.7M-69.93M
Capital Expenditures-26M-30.8M-23.8M-5.05M-2.06M-1.96M-3.68M-2.86M-6M-29.43M
CapEx % of Revenue2.27%2.46%1.77%3.99%0.8%0.43%0.56%0.3%0.47%1.8%
Acquisitions-524.7M-23M0000-248K-40.93M00
Investments----------
Other Investing73.1M36.7M-600K-2.16M-2.31M-2.58M-3.38M-6.25M-11.7M-40.5M
Cash from Financing+358M35M36.7M117.02M122.22M238.2M14.59M126.65M-127.44M-89.78M
Debt Issued (Net)0006.23M35M-76.94M-384K112.93M-130M0
Equity Issued (Net)0001000K1000K1000K-99K01000K0
Dividends Paid0000000000
Share Repurchases-35.7M-27.2M-24.9M-20.02M00-99K00-23.89M
Other Financing358M35M36.7M1.03M2.38M6.97M15.07M13.72M-15.49M-89.78M
Net Change in Cash-27.1M-15.8M100K118.57M4.55M215.24M-102.58M24.3M44.79M174.48M
Free Cash Flow+66.5M-21.5M-36.7M1.23M-118.58M-22.93M-112.33M-62.69M176.78M295.65M
FCF Margin %5.8%-1.72%-2.73%0.97%-46.15%-5%-17.19%-6.64%13.99%18.08%
FCF Growth %570.66%-132.33%-70.7%103.34%-9772.02%80.67%-390.01%44.19%381.98%67.24%
FCF per Share2.28-0.74-1.270.06-0.78-0.38-0.67-0.350.911.36
FCF Conversion (FCF/Net Income)-2.92x-0.09x0.11x-0.16x3.51x0.47x0.95x0.45x-5.26x4.79x
Interest Paid0001.56M1.06M934K906K1.65M2.55M0
Taxes Paid000186K421K756K05.3M3.16M0

Key Ratios

Metric2015201620172019202020212022202320242025
Return on Equity (ROE)-27.89%-117.94%--293.86%-22.27%-11.8%-23.74%-23.35%-6.19%8.86%
Return on Invested Capital (ROIC)5.71%-13.18%-73.27%--69.06%-37.27%-66.78%-31.88%-8.85%13.96%
Gross Margin6.54%5.34%4.39%42.08%47.13%48.29%49.98%56.41%59.21%-
Net Margin-2.77%-8.26%-8.97%-40.6%-12.67%-8.45%-17.45%-12.48%-2.93%4.15%
Debt / Equity2.22x10.67x-0.46x0.49x0.01x0.02x0.27x0.02x0.22x
Interest Coverage0.52x-1.98x-646.50x-31.47x-24.54x-31.63x-92.96x-48.55x-12.06x-
FCF Conversion-2.92x-0.09x0.11x-0.16x3.51x0.47x0.95x0.45x-5.26x4.79x
Revenue Growth2624.63%9.09%7.74%-90.6%103.02%78.48%42.51%44.48%33.85%29.37%

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