Remitly Global Inc
NASDAQ:RELY
Income Statement
Earnings Waterfall
Remitly Global Inc
Revenue
|
944.3m
USD
|
Cost of Revenue
|
-329.1m
USD
|
Gross Profit
|
615.2m
USD
|
Operating Expenses
|
-729.4m
USD
|
Operating Income
|
-114.2m
USD
|
Other Expenses
|
-3.6m
USD
|
Net Income
|
-117.8m
USD
|
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 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||
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%
|
|
Gross Profit | ||||||||||||||
Cost of Revenue |
(110)
|
(130)
|
(152)
|
(171)
|
(192)
|
(207)
|
(221)
|
(243)
|
(259)
|
(277)
|
(296)
|
(312)
|
(329)
|
|
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%
|
|
Operating Income | ||||||||||||||
Operating Expenses |
(176)
|
(199)
|
(223)
|
(264)
|
(307)
|
(351)
|
(420)
|
(469)
|
(516)
|
(571)
|
(607)
|
(665)
|
(729)
|
|
Selling, General & Administrative |
(131)
|
(151)
|
(170)
|
(203)
|
(237)
|
(270)
|
(318)
|
(348)
|
(370)
|
(398)
|
(414)
|
(450)
|
(496)
|
|
Research & Development |
(41)
|
(43)
|
(49)
|
(56)
|
(64)
|
(76)
|
(97)
|
(115)
|
(139)
|
(165)
|
(183)
|
(204)
|
(220)
|
|
Depreciation & Amortization |
(4)
|
(4)
|
(5)
|
(5)
|
(5)
|
(6)
|
(6)
|
(6)
|
(7)
|
(8)
|
(10)
|
(12)
|
(13)
|
|
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%
|
|
Pre-Tax Income | ||||||||||||||
Interest Income Expense |
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
1
|
3
|
5
|
5
|
6
|
5
|
|
Total Other Income |
(1)
|
2
|
3
|
3
|
3
|
2
|
3
|
4
|
5
|
3
|
(0)
|
(2)
|
(3)
|
|
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%
|
|
Net Income | ||||||||||||||
Tax Provision |
(1)
|
(1)
|
(2)
|
(2)
|
(1)
|
(1)
|
(2)
|
(2)
|
(1)
|
(1)
|
(0)
|
(0)
|
(6)
|
|
Income from Continuing Operations |
(33)
|
(27)
|
(21)
|
(31)
|
(39)
|
(54)
|
(91)
|
(111)
|
(114)
|
(119)
|
(100)
|
(102)
|
(118)
|
|
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%
|
|
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%
|