Remitly Global Inc
NASDAQ:RELY
Income Statement
Earnings Waterfall
Remitly Global Inc
Income Statement
Remitly Global Inc
| Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | Mar-2025 | Jun-2025 | Sep-2025 | Dec-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||||||
| Interest Expense |
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
2
|
2
|
2
|
3
|
3
|
3
|
3
|
4
|
5
|
6
|
0
|
|
| Revenue |
257
N/A
|
302
+18%
|
354
+17%
|
403
+14%
|
459
+14%
|
504
+10%
|
550
+9%
|
598
+9%
|
654
+9%
|
722
+10%
|
798
+11%
|
871
+9%
|
944
+8%
|
1 009
+7%
|
1 082
+7%
|
1 177
+9%
|
1 264
+7%
|
1 356
+7%
|
1 462
+8%
|
1 545
+6%
|
1 635
+6%
|
|
| Gross Profit | ||||||||||||||||||||||
| Cost of Revenue |
(110)
|
(130)
|
(152)
|
(171)
|
(192)
|
(207)
|
(221)
|
(243)
|
(259)
|
(277)
|
(296)
|
(312)
|
(329)
|
(345)
|
(372)
|
(402)
|
(432)
|
(463)
|
(499)
|
(530)
|
(549)
|
|
| Gross Profit |
147
N/A
|
172
+17%
|
202
+18%
|
232
+15%
|
267
+15%
|
297
+11%
|
329
+11%
|
354
+8%
|
395
+11%
|
445
+13%
|
502
+13%
|
559
+11%
|
615
+10%
|
665
+8%
|
709
+7%
|
774
+9%
|
832
+7%
|
893
+7%
|
963
+8%
|
1 015
+5%
|
1 086
+7%
|
|
| Operating Income | ||||||||||||||||||||||
| Operating Expenses |
(176)
|
(199)
|
(223)
|
(264)
|
(307)
|
(351)
|
(420)
|
(469)
|
(516)
|
(571)
|
(607)
|
(665)
|
(729)
|
(771)
|
(813)
|
(841)
|
(871)
|
(899)
|
(939)
|
(980)
|
(1 008)
|
|
| Selling, General & Administrative |
(131)
|
(151)
|
(170)
|
(203)
|
(237)
|
(270)
|
(318)
|
(348)
|
(370)
|
(398)
|
(414)
|
(450)
|
(496)
|
(523)
|
(551)
|
(566)
|
(583)
|
(600)
|
(627)
|
(653)
|
(669)
|
|
| Research & Development |
(41)
|
(43)
|
(49)
|
(56)
|
(64)
|
(76)
|
(97)
|
(115)
|
(139)
|
(165)
|
(183)
|
(204)
|
(220)
|
(234)
|
(247)
|
(258)
|
(270)
|
(280)
|
(290)
|
(302)
|
(314)
|
|
| Depreciation & Amortization |
(4)
|
(4)
|
(5)
|
(5)
|
(5)
|
(6)
|
(6)
|
(6)
|
(7)
|
(8)
|
(10)
|
(12)
|
(13)
|
(14)
|
(14)
|
(16)
|
(18)
|
(20)
|
(22)
|
(24)
|
(25)
|
|
| Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
|
| Operating Income |
(29)
N/A
|
(27)
+8%
|
(21)
+21%
|
(32)
-52%
|
(40)
-24%
|
(54)
-37%
|
(92)
-69%
|
(115)
-25%
|
(121)
-5%
|
(126)
-4%
|
(105)
+17%
|
(106)
-1%
|
(114)
-8%
|
(106)
+7%
|
(104)
+2%
|
(66)
+36%
|
(38)
+42%
|
(6)
+84%
|
24
N/A
|
35
+49%
|
77
+122%
|
|
| Pre-Tax Income | ||||||||||||||||||||||
| Interest Income Expense |
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
1
|
3
|
5
|
5
|
6
|
5
|
5
|
5
|
5
|
5
|
4
|
3
|
2
|
0
|
|
| Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
(1)
|
0
|
0
|
0
|
|
| Total Other Income |
(1)
|
2
|
3
|
3
|
3
|
2
|
3
|
4
|
5
|
3
|
(0)
|
(2)
|
(3)
|
(3)
|
4
|
6
|
4
|
8
|
(5)
|
(6)
|
(6)
|
|
| Pre-Tax Income |
(31)
N/A
|
(26)
+18%
|
(19)
+26%
|
(30)
-55%
|
(38)
-27%
|
(53)
-41%
|
(90)
-69%
|
(110)
-22%
|
(113)
-3%
|
(118)
-5%
|
(100)
+16%
|
(102)
-3%
|
(112)
-10%
|
(104)
+7%
|
(94)
+10%
|
(55)
+42%
|
(30)
+45%
|
5
N/A
|
22
+354%
|
30
+40%
|
72
+136%
|
|
| Net Income | ||||||||||||||||||||||
| Tax Provision |
(1)
|
(1)
|
(2)
|
(2)
|
(1)
|
(1)
|
(2)
|
(2)
|
(1)
|
(1)
|
(0)
|
(0)
|
(6)
|
(7)
|
(10)
|
(12)
|
(7)
|
(9)
|
(8)
|
(9)
|
(4)
|
|
| Income from Continuing Operations |
(33)
|
(27)
|
(21)
|
(31)
|
(39)
|
(54)
|
(91)
|
(111)
|
(114)
|
(119)
|
(100)
|
(102)
|
(118)
|
(111)
|
(104)
|
(66)
|
(37)
|
(5)
|
14
|
21
|
68
|
|
| Net Income (Common) |
(33)
N/A
|
(27)
+17%
|
(21)
+24%
|
(31)
-51%
|
(39)
-24%
|
(54)
-40%
|
(91)
-68%
|
(111)
-22%
|
(114)
-3%
|
(119)
-4%
|
(100)
+16%
|
(102)
-3%
|
(118)
-15%
|
(111)
+6%
|
(104)
+6%
|
(66)
+36%
|
(37)
+44%
|
(5)
+88%
|
14
N/A
|
21
+49%
|
68
+224%
|
|
| EPS (Diluted) |
-0.2
N/A
|
-0.18
+10%
|
-0.14
+22%
|
-0.2
-43%
|
-0.24
-20%
|
-0.33
-38%
|
-0.55
-67%
|
-0.67
-22%
|
-0.68
-1%
|
-0.67
+1%
|
-0.55
+18%
|
-0.58
-5%
|
-0.65
-12%
|
-0.58
+11%
|
-0.53
+9%
|
-0.32
+40%
|
-0.19
+41%
|
-0.03
+84%
|
0.06
N/A
|
0.09
+50%
|
0.31
+244%
|
|