Source: Remitly's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 05, 2026
Revenue, net income & free cash flow
Income statement
fiscal years · USD
Fiscal year
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Revenue
$126.57M
$256.96M
$458.61M
$653.56M
$944.28M
$1.26B
$1.64B
Research & development
$32.01M
$40.78M
$64.09M
$138.72M
$219.94M
$269.82M
$313.91M
Operating income
-$50.60M
-$29.18M
-$39.72M
-$121.04M
-$114.19M
-$39.09M
$77.47M
Interest expense
$1.61M
$1.19M
$1.26M
$1.30M
$2.35M
$3.24M
$7.61M
Pre-tax income
-$51.13M
-$31.40M
-$37.71M
-$112.98M
-$111.94M
-$30.25M
$71.63M
Income tax
$259.00K
$1.16M
$1.04M
$1.04M
$5.90M
$6.73M
$3.69M
Net income
-$51.39M
-$32.56M
-$38.76M
-$114.02M
-$117.84M
-$36.98M
$67.93M
EBITDA
-$47.94M
-$25.12M
-$34.47M
-$114.31M
-$101.08M
-$21.03M
$102.50M
EPS (basic)
$-2.98
$-1.52
$-0.64
$-0.68
$-0.65
$-0.19
$0.33
EPS (diluted)
$-2.98
$-1.52
$-0.64
$-0.68
$-0.65
$-0.19
$0.31
Diluted shares
21.29M
21.46M
60.73M
167.77M
180.82M
194.65M
217.57M
Operating margin
-40.0%
-11.4%
-8.7%
-18.5%
-12.1%
-3.1%
4.7%
Net margin
-40.6%
-12.7%
-8.5%
-17.4%
-12.5%
-2.9%
4.2%
Balance sheet
fiscal years · USD
Fiscal year
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Cash & equivalents
$182.35M
$186.69M
$403.26M
$300.63M
$323.71M
$368.10M
$542.43M
Total current assets
—
$345.33M
$607.55M
$669.42M
$932.12M
$897.51M
$1.32B
Goodwill
—
—
—
$0
$54.94M
$54.94M
$54.94M
Total assets
—
$362.99M
$625.66M
$695.95M
$1.04B
$1.01B
$1.46B
Total current liabilities
—
$181.78M
$141.62M
$209.14M
$366.84M
$329.01M
$399.05M
Short-term debt
—
—
—
$0
$2.48M
$2.47M
$2.82M
Long-term debt
—
—
—
$0
$130.00M
$0
$155.00M
Total debt
—
—
—
$0
$132.48M
$2.47M
$157.82M
Total liabilities
—
$186.61M
$145.34M
$215.87M
$506.97M
$347.40M
$589.92M
Shareholders' equity
-$186.80M
-$211.33M
$480.33M
$480.09M
$529.34M
$665.47M
$868.79M
Cash flow
fiscal years · USD
Fiscal year
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Operating cash flow
$8.44M
-$114.21M
-$18.39M
-$108.66M
$66.81M
$111.60M
$325.08M
Capital expenditures
$5.05M
$2.06M
$1.96M
$3.68M
$2.86M
$6.00M
$29.43M
Free cash flow
$3.39M
-$116.27M
-$20.35M
-$112.33M
$63.95M
$105.60M
$295.65M
Investing cash flow
-$7.21M
-$4.37M
-$4.53M
-$7.31M
-$50.04M
-$19.89M
-$69.93M
Financing cash flow
$117.02M
$122.22M
$238.20M
$14.59M
$6.25M
-$42.37M
-$89.78M
Share buybacks
$7.02M
$0
$0
—
$0
$0
$23.89M
Stock-based compensation
$3.65M
$5.26M
$17.02M
$95.29M
$136.97M
$152.14M
$155.11M
Depreciation & amortization
$2.66M
$4.06M
$5.26M
$6.72M
$13.12M
$18.05M
$25.03M
Income statement
quarters · USD
Quarter ended
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026
Jun 2026
Sep 2026
Revenue
$264.76M
$269.12M
$306.42M
$336.53M
$351.89M
$361.62M
$411.85M
$419.49M
$442.18M
$452.80M
$495.16M
$509.84M
Research & development
$59.24M
$63.21M
$67.55M
$68.45M
$70.61M
$73.85M
$77.50M
$80.42M
$82.14M
$79.60M
$74.05M
$80.10M
Operating income
-$31.00M
-$19.95M
-$15.76M
$368.00K
-$3.74M
$12.23M
$14.64M
$11.78M
$38.81M
$53.74M
$66.68M
$69.40M
Interest expense
$786.00K
$769.00K
$745.00K
$760.00K
$967.00K
$1.30M
$1.65M
$2.12M
$2.55M
$2.44M
$3.15M
$2.44M
Pre-tax income
-$29.60M
-$20.08M
-$8.80M
$3.77M
-$5.13M
$14.94M
$8.11M
$12.42M
$36.15M
$52.08M
$64.64M
$69.76M
Income tax
$5.42M
$998.00K
$3.29M
$1.85M
$589.00K
$3.59M
$1.58M
$3.59M
-$5.07M
$3.02M
-$141.26M
$2.20M
Net income
-$35.02M
-$21.08M
-$12.09M
$1.92M
-$5.72M
$11.35M
$6.54M
$8.83M
$41.22M
$49.05M
$205.91M
$67.55M
EBITDA
-$27.52M
-$16.27M
-$11.86M
$5.02M
$2.08M
$17.63M
$20.97M
$18.21M
$45.69M
$59.94M
$72.99M
$76.13M
EPS (basic)
$-0.19
$-0.11
$-0.06
$0.01
$-0.03
$0.06
$0.03
$0.04
$0.20
$0.23
$0.98
$0.32
EPS (diluted)
$-0.19
$-0.11
$-0.06
$0.01
$-0.03
$0.05
$0.03
$0.04
$0.19
$0.23
$0.93
$0.30
Diluted shares
1.86M
189.85M
193.45M
205.25M
1.48M
218.41M
218.98M
217.23M
-658.10K
217.05M
221.05M
223.55M
Operating margin
-11.7%
-7.4%
-5.1%
0.1%
-1.1%
3.4%
3.6%
2.8%
8.8%
11.9%
13.5%
13.6%
Net margin
-13.2%
-7.8%
-3.9%
0.6%
-1.6%
3.1%
1.6%
2.1%
9.3%
10.8%
41.6%
13.2%
Balance sheet
quarters · USD
Quarter ended
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026
Jun 2026
Sep 2026
Cash & equivalents
$323.71M
$286.00M
$185.19M
$324.43M
$368.10M
$493.90M
$515.90M
$476.90M
$542.43M
$649.06M
$676.39M
$669.08M
Total current assets
$932.12M
$972.01M
$840.55M
$861.26M
$897.51M
$978.72M
$1.04B
$1.08B
$1.32B
$1.25B
$1.29B
$1.37B
Goodwill
$54.94M
$54.94M
$54.94M
$54.94M
$54.94M
$54.94M
$54.94M
$54.94M
$54.94M
$54.94M
$54.94M
$54.94M
Total assets
$1.04B
$1.08B
$950.19M
$970.43M
$1.01B
$1.10B
$1.17B
$1.21B
$1.46B
$1.39B
$1.57B
$1.65B
Total current liabilities
$366.84M
$367.85M
$341.85M
$324.10M
$329.01M
$352.16M
$363.75M
$376.06M
$399.05M
$439.37M
$404.31M
$392.39M
Short-term debt
$2.48M
$2.44M
$2.39M
$2.43M
$2.47M
$2.42M
$2.67M
$2.72M
$2.82M
$2.84M
$3.02M
$2.94M
Long-term debt
$130.00M
$150.00M
$15.00M
$0
$0
—
—
—
$155.00M
$0
$0
$0
Total debt
$132.48M
$152.44M
$17.39M
$2.43M
$2.47M
$2.42M
$2.67M
$2.72M
$157.82M
$2.84M
$3.02M
$2.94M
Total liabilities
$506.97M
$529.84M
$371.29M
$339.61M
$347.40M
$377.11M
$401.25M
$416.52M
$589.92M
$478.34M
$440.61M
$426.89M
Shareholders' equity
$529.34M
$549.36M
$578.90M
$630.82M
$665.47M
$723.48M
$764.92M
$797.17M
$868.79M
$907.44M
$1.13B
$1.23B
Cash flow
quarters · USD
Quarter ended
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026
Jun 2026
Sep 2026
Operating cash flow
$91.97M
-$56.81M
$48.90M
$146.76M
-$27.25M
$80.78M
$54.69M
$89.70M
$99.91M
$81.89M
$134.62M
$93.01M
Capital expenditures
$589.00K
$945.00K
$1.13M
$1.12M
$2.81M
$10.62M
$7.87M
$4.59M
$6.36M
$5.99M
$1.18M
$1.37M
Free cash flow
$91.39M
-$57.75M
$47.77M
$145.64M
-$30.06M
$70.17M
$46.82M
$85.11M
$93.55M
$75.91M
$133.44M
$91.64M
Investing cash flow
-$2.59M
-$4.31M
-$4.26M
-$3.91M
-$7.41M
-$16.91M
-$15.65M
-$19.02M
-$18.35M
-$13.74M
-$6.57M
-$5.27M
Financing cash flow
$9.73M
$26.12M
-$144.75M
-$10.27M
$86.53M
$59.19M
-$24.47M
-$108.13M
-$16.37M
$39.11M
-$99.75M
-$94.94M
Share buybacks
—
—
—
—
$0
$0
$0
$11.88M
$12.02M
$42.50M
$22.66M
$14.85M
Stock-based compensation
$35.96M
$34.09M
$37.16M
$39.28M
$41.61M
$35.79M
$38.07M
$39.97M
$41.28M
$27.54M
$34.49M
$39.63M
Depreciation & amortization
$3.48M
$3.68M
$3.91M
$4.66M
$5.81M
$5.40M
$6.33M
$6.43M
$6.88M
$6.20M
$6.31M
$6.73M
Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.