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RELY

Remitly Global, Inc.

$13.09

Earnings Summary

Revenue
$269.12Mn
Net Profits
$-21.08Mn
Net Profit Margins
-7.83%

Highlights

Revenue:

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.

Net Profits:

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.

Net Profit Margins:

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.

Earnings per share (EPS) Estimates

Earnings per share (EPS) estimates of the Remitly Global, Inc. post its latest quarter earnings

EPS Estimate Current Year
-0.14

Highlights

EPS Estimate Current Year:

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

Key Ratios

Key ratios of the Remitly Global, Inc. post its Q1 2024 earnings

Earning Per Share (EPS)
-0.11
Return on Assets (ROA)
-0.07
Return on Equity (ROE)
-0.21

Highlights

Earning Per Share (EPS):

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):

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.

Earning Per Share (EPS):

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.

Earnings Calendar

Earnings DateEstimated EPSReported EPSSurprise %
2024-05-01
-0.14
-0.11
21.43%