Remitly Global Past Earnings Performance
Past criteria checks 0/6
Remitly Global's earnings have been declining at an average annual rate of -35.2%, while the Diversified Financial industry saw earnings growing at 8.1% annually. Revenues have been growing at an average rate of 39.3% per year.
Key information
-35.2%
Earnings growth rate
46.9%
EPS growth rate
| Diversified Financial Industry Growth | 6.1% |
| Revenue growth rate | 39.3% |
| Return on equity | -22.3% |
| Net Margin | -12.5% |
| Next Earnings Update | 01 May 2024 |
Recent past performance updates
Recent updates
Remitly: An Interesting Growth Play Is Awaiting Operating Leverage
Apr 22Remitly Global, Inc. (NASDAQ:RELY) Analysts Are Pretty Bullish On The Stock After Recent Results
Feb 24
Remitly Global, Inc. (NASDAQ:RELY) Not Lagging Industry On Growth Or Pricing
Feb 13Buy Remitly As Fears Around Marketing Spend Are Unfounded
Jan 30Remitly Global, Inc. (NASDAQ:RELY) Shares Slammed 29% But Getting In Cheap Might Be Difficult Regardless
Nov 05We're Hopeful That Remitly Global (NASDAQ:RELY) Will Use Its Cash Wisely
Oct 23Remitly Global Grows Revenue But Operating Losses Worsen
Oct 08Remitly Global: Time To Get Upbeat
Aug 28Remitly Global acquires Israeli-based Rewire for $80M
Aug 16Companies Like Remitly Global (NASDAQ:RELY) Can Afford To Invest In Growth
Jun 13Analysts Have Been Trimming Their Remitly Global, Inc. (NASDAQ:RELY) Price Target After Its Latest Report
May 08Remitly: Recovery Is On The Horizon
Apr 10Remitly Global (NASDAQ:RELY) Is In A Strong Position To Grow Its Business
Dec 23Remitly Is A Lesser-Known Play On Global Payment Apps
Dec 20Remitly Global: Transferring Wealth
Sep 27Revenue & Expenses BreakdownBeta
How Remitly Global makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Dec 23 | 944 | -118 | 411 | 219 |
| 30 Sep 23 | 871 | -102 | 364 | 203 |
| 30 Jun 23 | 798 | -100 | 331 | 183 |
| 31 Mar 23 | 721 | -119 | 319 | 165 |
| 31 Dec 22 | 654 | -114 | 299 | 139 |
| 30 Sep 22 | 598 | -111 | 284 | 115 |
| 30 Jun 22 | 550 | -91 | 262 | 97 |
| 31 Mar 22 | 504 | -54 | 219 | 76 |
| 31 Dec 21 | 459 | -39 | 192 | 64 |
| 30 Sep 21 | 403 | -31 | 163 | 56 |
| 30 Jun 21 | 354 | -21 | 134 | 49 |
| 31 Mar 21 | 302 | -27 | 121 | 43 |
| 31 Dec 20 | 257 | -33 | 105 | 41 |
| 31 Dec 19 | 127 | -64 | 69 | 32 |
Quality Earnings: RELY is currently unprofitable.
Growing Profit Margin: RELY is currently unprofitable.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: RELY is unprofitable, and losses have increased over the past 5 years at a rate of 35.2% per year.
Accelerating Growth: Unable to compare RELY's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: RELY is unprofitable, making it difficult to compare its past year earnings growth to the Diversified Financial industry (9.9%).
Return on Equity
High ROE: RELY has a negative Return on Equity (-22.26%), as it is currently unprofitable.