Remitly Revenue and Company Financial Transparency

Remitly has been transparent about its revenue growth over the years. The company's revenue has been increasing steadily, with a significant jump in 2019.

Remitly's revenue for 2019 was $563.7 million, a 67% increase from the previous year. This growth can be attributed to the company's expanding customer base and its increasing market share in the remittance industry.

Remitly's financial transparency is evident in its publicly disclosed revenue figures. The company's revenue has been consistently reported in its annual financial statements, providing investors and stakeholders with a clear understanding of its financial performance.

Remitly Global's revenue has been steadily increasing over the years, reaching $1.18 billion in the last 12 months.

In the last 12 months, Remitly Global had revenue of $1.18 billion, with a significant portion of it coming from its gross profit of $693.47 million.

The company's revenue has been growing consistently, with a notable increase from $127 million in 2019 to $1.18 billion in the last 12 months.

Here's a breakdown of Remitly Global's revenue and expenses over the last 12 months:

Remitly Global has a significant number of shares outstanding, with 198.06 million shares currently in circulation.

The number of shares has been steadily increasing, with an 8.12% growth in the past year, and a 6.10% growth in the past quarter.

A substantial portion of these shares are held by institutions, with 55.82% ownership.

Insiders also hold a notable stake, with 5.81% of the shares owned by them.

The remaining shares are available for trading, with 136.61 million shares in the float.

Remitly Global's income statement is a snapshot of the company's financial performance over the past 12 months. The company reported revenue of $1.18 billion.

The gross profit was $693.47 million, indicating that the company generated a significant amount of revenue from its operations.

Operating income, on the other hand, was -$65.07 million, which is a loss. This suggests that Remitly Global's operating expenses exceeded its revenue, resulting in a net loss.

Pretax income was also a loss, at -$93.88 million. This is consistent with the company's net income, which was -$66.28 million.

EBITDA and EBIT were both negative, at -$58.64 million and -$65.07 million, respectively. This indicates that Remitly Global's expenses, including depreciation and interest, exceeded its revenue, leading to a net loss.

Loss per share was -$0.35, indicating that the company's losses were significant enough to affect its shareholders.

Here's a summary of Remitly Global's income statement:

Remitly's revenue forecast is based on analyst submissions, which are updated throughout the day. These submissions come from a pool of 11 analysts, with 9 of them providing estimates of revenue or earnings.

Remitly is covered by analysts from top institutions, including Barclays, BMO Capital Markets Equity Research, and Citigroup Inc. Analysts like Ramsey El-Assal from Barclays, Rufus Hone from BMO Capital Markets Equity Research, and Andrew Schmidt from Citigroup Inc are providing valuable insights.

Here's a list of some of the analysts covering Remitly:

These analysts are providing a solid foundation for our revenue forecast, allowing us to make informed predictions about Remitly's financial performance.

Remitly is a US-based online money transfer service that was founded in 2011 by Matt Oppenheimer. It's headquartered in Seattle, Washington.

Remitly offers international money transfer services to over 140 countries around the world. The company has a strong presence in the US, UK, and Canada, and is known for its fast and affordable transfers.

Remitly's mission is to provide a simple, secure, and affordable way for people to send money to their loved ones. The company's services are designed to be easy to use, with a user-friendly interface and competitive exchange rates.

Remitly's revenue has been steadily increasing over the years, with a significant growth in 2020 due to the COVID-19 pandemic. The company's revenue reached $1.3 billion in 2020, a 50% increase from the previous year.

A unique perspective: How Much Does Remitly Charge to Send Money

Remitly Global's management team has a lot to prove when it comes to using its cash wisely.

The company is currently unprofitable, which means it's relying on investors to keep it afloat.

This highlights the importance of effective cash management, especially for a company in its growth stage.

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Remitly Global has made a significant commitment to paying its fair share of taxes, paying a whopping $11.56 million in taxes over the past 12 months.

This substantial tax payment is a testament to the company's dedication to transparency and accountability.

We're hopeful that Remitly Global will use its cash wisely because the company is currently unprofitable, which means it has a lot of cash to work with. This can be a blessing and a curse, as it gives the company the resources it needs to grow but also puts pressure on management to make smart financial decisions.

Growing companies often have to make tough choices about how to allocate their resources. In the case of Remitly Global, it's likely that the company will need to decide how to use its cash to drive growth and profitability.