Remitly Global (RELY) FY2023 results: revenue $944 million, up 44.5% on the year
Remitly Global, Inc. (RELY) reported revenue of $944 million for fiscal 2023, the year ended 31 December 2023, up 44.5% on the year before. Net income was -$118 million, and diluted earnings per share $-0.65. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2024.
Revenue
$944 million
+44.5% on the year
FY2019FY2023
Operating margin
-12.1%
-18.5% a year earlier
FY2019FY2023
Net income
-$118 million
FY2019FY2023
Diluted EPS
-$0.65
FY2019FY2023
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
66.8
-109
-18.4
Capital expenditure
2.9
3.7
2.0
-22.3%
Free cash flow
63.9
-112
-20.3
Free cash flow margin
6.8%
-17.2%
-4.4%
Cash from investing
-50.0
-7.3
-4.5
Cash from financing
6.3
14.6
238
-57.1%
Depreciation and amortisation
13.1
6.7
5.3
+95.1%
Share-based compensation
137
95.3
17.0
+43.7%
Buybacks
0.0
n/a
0.0
Diluted shares, weighted
181m
168m
61m
+7.8%
Shares outstanding at period end
188m
173m
164m
+8.8%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
529
480
480
+10.3%
Redeemable equity
0.0
0.0
0.0
Short-term borrowings
n/a
0.0
n/a
Debt
132
0.0
0.0
Operating lease liabilities
4.5
5.7
2.9
-21.1%
Other liabilities
370
210
142
+76.0%
Total liabilities and equity
1,036
696
626
+48.9%
Fixed assets
16.0
11.5
9.2
+38.7%
Goodwill
54.9
0.0
n/a
Intangible assets
16.6
0.0
n/a
Cash and equivalents
324
301
403
+7.7%
Other assets
625
384
213
+62.9%
Total assets
1,036
696
626
+48.9%
10-K for the year ended 31 December 2023, filed 23 February 2024: the filing.