RELYNasdaqServices-Business Services, NECFiscal year ends December 31
Remitly Global, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 5, 2026
$24.36+0.20 (+0.83%)
Close on Oct 19, 2026
- Market cap
- $5.38B
- P/E (TTM)
- 17.5
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2018 to 2025
Operating margin
4.7%+16.1 pts over 5 years
Net margin
4.2%+16.8 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +29.4% | +35.8% | +44.8% | – | |
| Free cash flow | +180.0% | – | – | – |
Returns and balance sheet
8 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2018 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | 16.4% | 8.9% | |
| Return on assets | – | – | 5.5% | |
| Current ratio | – | 1.90 | 3.30 | |
| Debt to equity | – | – | 0.18 | |
| Net debt to EBITDA | – | – | -3.75× | |
| Interest coverage | – | -24.5× | 10.2× | |
| Capex to revenue | – | 0.8% | 1.8% | |
| Diluted shares | – | 21M | 218M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Remitly Global generated $630.53M from operations and spent $67.82M on capital expenditure, dividends and share buybacks. 65% of that went back into the business.
Generated
$630.53M
Used
$67.82M
Capital expenditure$43.92M65%Dividends$00%Share buybacks$23.89M35%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin4.2%
×Asset turnover1.32×
×Equity multiplier1.61×
=Return on equity, FY20258.9%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 4.2% | 1.32× | 1.61× | 8.9% |
| FY2024 | -2.9% | 1.23× | 1.72× | -6.2% |
| FY2023 | -12.5% | 1.09× | 1.72× | -23.3% |
| FY2022 | -17.4% | 0.99× | 1.38× | -23.7% |
| FY2021 | -8.5% | 0.93× | 3.68× | -28.8% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
6of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$67.93M
- Cash generatingOperating cash flow above zero$325.08M
- Return on assets improvedROA up on the prior year-3.6% → 6.7%
- Earnings backed by cashOperating cash flow above net income$325.08M vs $67.93M
- Less leverageLong-term debt to assets fell0.0% → 10.6%
- Better liquidityCurrent ratio rose2.73 → 3.30
- No dilutionShare count did not rise195M → 218M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose1.22 → 1.61