Remitly Global, Inc. (RELY) Income Statement
RELY 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsRELY revenue and net income
Where RELY's revenue goes
2025Each bar shows an amount and its share of revenue. RELY kept 4.2% of revenue as net income.
RELY profit margins
RELY growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +29.4% | +35.8% | +44.8% | +44.2% |
| Gross profit | +24.8% | +42.0% | +50.5% | +49.9% |
| Operating income | — | — | — | +47.0% |
| Net income | — | — | — | +36.0% |
| EPS (diluted) | +27.1% | — | — | +31.3% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
RELY quarterly EPS vs estimates
Remitly Global beat the analyst EPS estimate in 7 of the last 8 quarters. Next report: November 4, 2026 (estimate $0.12).
RELY income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.64B | $1.26B | $944.3M | $653.6M | $458.6M | $257.0M | $126.6M | $1.35B | $1.25B | $1.15B |
| Cost of revenue | $700.8M | $515.5M | $411.6M | $326.9M | $237.1M | $135.8M | $73.3M | $1.29B | $1.18B | $1.07B |
| Gross profit | $934.4M | $748.4M | $532.7M | $326.6M | $221.5M | $121.1M | $53.3M | $59.1M | $66.7M | $74.9M |
| Research & development | $313.9M | $269.8M | $219.9M | $138.7M | $64.1M | $40.8M | $32.0M | — | — | — |
| Sales, general & admin | $225.1M | $499.7M | $413.8M | $302.2M | $191.8M | $105.5M | $69.2M | $52.3M | $61.0M | $56.0M |
| Total operating expenses | $852.7M | $787.5M | $646.8M | $447.7M | $261.2M | $150.3M | $103.9M | $54.7M | $63.4M | $58.0M |
| Operating income | $81.6M | −$39.1M | −$114.2M | −$121.0M | −$39.7M | −$29.2M | −$50.6M | −$129.3M | −$68.8M | $17.4M |
| Interest income | $7.7M | $8.1M | $7.4M | $4.1M | $140,000 | $273,000 | $1.1M | — | — | — |
| Interest expense | $7.6M | $3.2M | $2.4M | $1.3M | $1.3M | $1.2M | $1.6M | $200,000 | $34.7M | $33.4M |
| Income before taxes | $71.6M | −$30.3M | −$111.9M | −$113.0M | −$37.7M | −$31.4M | −$51.1M | −$128.6M | −$103.8M | −$40.8M |
| Income taxes | $3.7M | $6.7M | $5.9M | $1.0M | $1.0M | $1.2M | $259,000 | −$7.8M | −$600,000 | −$9.1M |
| Net income | $67.9M | −$37.0M | −$117.8M | −$114.0M | −$38.8M | −$32.6M | −$51.4M | −$120.8M | −$103.2M | −$31.7M |
| EBITDA | $126.0M | −$9.0M | −$96.5M | −$105.0M | −$31.2M | −$26.2M | −$46.9M | −$76.6M | −$14.0M | $63.4M |
| EPS (diluted) | $0.61 | $0.48 | −$0.04 | −$0.28 | −$0.22 | −$1.25 | −$0.63 | −$4.17 | −$3.57 | −$1.09 |
| Gross margin | 57.1% | 59.2% | 56.4% | 50.0% | 48.3% | 47.1% | 42.1% | 4.4% | 5.3% | 6.5% |
| Operating margin | 5.0% | −3.1% | −12.1% | −18.5% | −8.7% | −11.4% | −40.0% | −9.6% | −5.5% | 1.5% |
| Net margin | 4.2% | −2.9% | −12.5% | −17.4% | −8.5% | −12.7% | −40.6% | −9.0% | −8.3% | −2.8% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $495.2M | $452.8M | $442.2M | $419.5M | $411.9M | $361.6M | $351.9M | $336.5M | $306.4M | $269.1M | $264.8M | $241.6M |
| Cost of revenue | $187.8M | $184.1M | $178.6M | $173.1M | $168.8M | $144.0M | $140.4M | $137.3M | $127.8M | $110.0M | $109.0M | $106.9M |
| Gross profit | $307.3M | $268.7M | $263.6M | $246.4M | $243.0M | $217.7M | $211.5M | $199.2M | $178.6M | $159.1M | $155.7M | $134.7M |
| Research & development | $74.0M | $79.6M | $82.1M | $80.4M | $77.5M | $73.9M | $70.6M | $68.4M | $67.6M | $63.2M | $59.2M | $57.0M |
| Sales, general & admin | $160.3M | $55.1M | $56.7M | $147.8M | $144.6M | $126.2M | $138.8M | $125.7M | $122.9M | $112.2M | $124.0M | $111.2M |
| Total operating expenses | $240.7M | $203.4M | $224.6M | $234.6M | $228.4M | $205.4M | $215.2M | $198.8M | $194.4M | $179.1M | $186.7M | $171.6M |
| Operating income | $66.7M | $65.3M | $39.1M | $11.8M | $14.6M | $12.2M | −$3.7M | $368,000 | −$15.8M | −$20.0M | −$31.0M | −$36.9M |
| Interest income | $1.5M | $1.7M | $1.8M | $2.1M | $2.1M | $1.8M | $1.8M | $2.1M | $1.9M | $2.2M | $2.2M | $1.8M |
| Interest expense | $3.2M | $2.4M | $2.5M | $2.1M | $1.6M | $1.3M | $967,000 | $760,000 | $745,000 | $769,000 | $786,000 | $585,000 |
| Income before taxes | $64.6M | $52.1M | $36.1M | $12.4M | $8.1M | $14.9M | −$5.1M | $3.8M | −$8.8M | −$20.1M | −$29.6M | −$35.4M |
| Income taxes | −$141.3M | $3.0M | −$5.1M | $3.6M | $1.6M | $3.6M | $589,000 | $1.9M | $3.3M | $998,000 | $5.4M | $258,000 |
| Net income | $205.9M | $49.1M | $41.2M | $8.8M | $6.5M | $11.4M | −$5.7M | $1.9M | −$12.1M | −$21.1M | −$35.0M | −$35.7M |
| EBITDA | $93.7M | $68.6M | $45.6M | $21.0M | $16.1M | $21.6M | $1.6M | $9.2M | −$4.1M | −$15.6M | −$25.3M | −$31.4M |
| EPS (diluted) | $0.95 | $0.41 | $0.19 | $0.04 | $0.19 | $0.19 | $0.19 | $0.11 | $0.10 | $0.08 | −$0.19 | $0.03 |
| Gross margin | 62.1% | 59.3% | 59.6% | 58.7% | 59.0% | 60.2% | 60.1% | 59.2% | 58.3% | 59.1% | 58.8% | 55.7% |
| Operating margin | 13.5% | 14.4% | 8.8% | 2.8% | 3.6% | 3.4% | −1.1% | 0.1% | −5.1% | −7.4% | −11.7% | −15.3% |
| Net margin | 41.6% | 10.8% | 9.3% | 2.1% | 1.6% | 3.1% | −1.6% | 0.6% | −3.9% | −7.8% | −13.2% | −14.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in RELY's financial statements (latest annual report filed February 18, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
RELY financial results
In fiscal year 2025 (ended December 31, 2025), Remitly Global reported revenue of $1.6 billion, up 29.4% from the year before. It had net income of $67.9 million, a net profit margin of 4.2%. Diluted earnings per share came to $0.61. Over five years revenue grew at an average rate of 44.8% a year.
See the RELY stock overview for the latest quote and news, or the RELY chart for price history and technical indicators.
RELY income statement FAQ
What is Remitly Global's annual revenue?
Remitly Global reported total revenue of $1.6 billion for fiscal year 2025, which ended on December 31, 2025. That was up 29.4% from $1.3 billion the previous year.
Is Remitly Global profitable?
Yes. Remitly Global reported net income of $67.9 million in fiscal 2025, a net profit margin of 4.2%; its operating margin was 5.0%.
What is Remitly Global's gross margin?
Remitly Global's gross margin was 57.1% in fiscal 2025: for every $100 of revenue, Remitly Global kept $57 after the direct cost of its products and services.
How much does Remitly Global spend on research and development?
Remitly Global spent $313.9 million on research and development in fiscal 2025, 19.2% of revenue.
How fast is Remitly Global growing?
Revenue grew 44.8% a year on average over the last five fiscal years, from $257.0 million to $1.6 billion.
What are Remitly Global's earnings per share?
Remitly Global earned $0.61 per diluted share in fiscal 2025, compared with $0.48 a year earlier.
When will Remitly Global report its next earnings?
Remitly Global is expected to report results for the quarter ending September 30, 2026 on November 4, 2026 after the market closes.
When does Remitly Global's fiscal year end?
Remitly Global's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 18, 2026.