Earnings Summary

Remitly Global, Inc.’s revenue jumped 32.01% since last year same period to $269.12Mn in the Q1 2024. On a quarterly growth basis, Remitly Global, Inc. has generated 1.65% jump in its revenue since last 3-months.

Remitly Global, Inc.’s net profit jumped 25.55% since last year same period to $-21.08Mn in the Q1 2024. On a quarterly growth basis, Remitly Global, Inc. has generated 39.81% jump in its net profits since last 3-months.

Remitly Global, Inc.’s net profit margin jumped 43.6% since last year same period to -7.83% in the Q1 2024. On a quarterly growth basis, Remitly Global, Inc. has generated 40.78% jump in its net profit margins since last 3-months.

Remitly Global, Inc.’s earning per share (EPS) estimates for the current year stand at -0.14.

Remitly Global, Inc.’s earning per share (EPS) jumped 31.25% since last year same period to -0.11 in the Q1 2024. This indicates that the Remitly Global, Inc. has generated 31.25% annual rate of jump in its earning per share (EPS) in the last 4 quarters.

Return on assets (ROA) indicates the profitability of the company in relation to its total assets. This ratio tells the financial health of the company. The higher the ROA, the better the company’s financial health. If any company has a ROA in the range of 5% to 20% - it is generally considered good. ROA above 20% is generally considered excellent. Remitly Global, Inc.’s return on assets (ROA) stands at -0.07.

The Return On Equity ratio indicates a company’s ability to turn equity capital received from shareholders into profits. ROE highlights the efficiency of equity capital in running the business. Generally, a return on equity in double digits is considered good. Remitly Global, Inc.’s return on equity (ROE) stands at -0.21.