Remitly Global, Inc. balance sheet
At the end of fiscal 2025, Remitly Global, Inc. had total assets of $1.46bn, total liabilities of $590m and shareholders' equity of $869m. It held $542m in cash against $158m of debt: net cash of $385m.
Balance sheet
| Fiscal year | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | 182 | 187 | 403 | 301 | 324 | 368 | 542 | 676 |
| Total current assets | — | 345 | 608 | 669 | 932 | 898 | 1,316 | 1,286 |
| Goodwill | — | — | — | 0 | 55 | 55 | 55 | 55 |
| Total assets | — | 363 | 626 | 696 | 1,036 | 1,013 | 1,459 | 1,567 |
| Accounts payable | — | 4 | 1 | 7 | 35 | 16 | 28 | 40 |
| Total current liabilities | — | 182 | 142 | 209 | 367 | 329 | 399 | 404 |
| Short-term debt | — | — | — | 0 | 2 | 2 | 3 | 3 |
| Long-term debt | — | — | — | 0 | 130 | 0 | 155 | 0 |
| Total debt | 0 | 80 | 0 | 0 | 132 | 2 | 158 | 3 |
| Total liabilities | — | 187 | 145 | 216 | 507 | 347 | 590 | 441 |
| Shareholders' equity | −187 | −211 | 480 | 480 | 529 | 665 | 869 | 1,127 |
| Non-controlling interests and other (assets − liabilities − equity) | — | 388 | — | — | — | — | — | — |
| Net debt (negative = net cash) | −182 | −107 | −403 | −301 | −191 | −366 | −385 | −673 |
| Shares outstanding | — | — | — | 173m | 188m | 201m | 211m | 212m |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Total current assets | 861 | 898 | 979 | 1,037 | 1,081 | 1,316 | 1,248 | 1,286 |
| Goodwill | 55 | 55 | 55 | 55 | 55 | 55 | 55 | 55 |
| Total assets | 970 | 1,013 | 1,101 | 1,166 | 1,214 | 1,459 | 1,386 | 1,567 |
| Accounts payable | 17 | 16 | 39 | 19 | 32 | 28 | 29 | 40 |
| Total current liabilities | 324 | 329 | 352 | 364 | 376 | 399 | 439 | 404 |
| Short-term debt | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 3 |
| Long-term debt | 0 | 0 | — | — | — | 155 | 0 | 0 |
| Total debt | 2 | 2 | 2 | 3 | 3 | 158 | 3 | 3 |
| Total liabilities | 340 | 347 | 377 | 401 | 417 | 590 | 478 | 441 |
| Shareholders' equity | 631 | 665 | 723 | 765 | 797 | 869 | 907 | 1,127 |
| Shares outstanding | 198m | 201m | 204m | 206m | 209m | 211m | 210m | 212m |
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