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Remitly Global, Inc. key statistics and ratios

In fiscal 2025, Remitly Global, Inc. had return on equity of 8.9%, an operating margin of 4.7%, debt equal to 18.2% of equity and a current ratio of 3.30. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Operating margin−40.0%−11.4%−8.7%−18.5%−12.1%−3.1%4.7%9.5%
Net margin−40.6%−12.7%−8.5%−17.4%−12.5%−2.9%4.2%16.9%
Free-cash-flow margin2.7%−45.3%−4.4%−17.2%6.8%8.4%18.1%21.4%
Return on equity——−28.8%−23.7%−23.3%−6.2%8.9%30.6%
Return on assets—−9.0%−7.8%−17.3%−13.6%−3.6%5.5%20.2%
Asset turnover—0.710.930.991.091.231.321.20
Current ratio—1.904.293.202.542.733.303.18
Debt to equity——0.0%0.0%25.0%0.4%18.2%0.3%
Interest cover (operating income ÷ interest)n/mn/mn/mn/mn/mn/m10.2x16.7x
Effective tax rate——————5.2%—
R&D as % of revenue25.3%15.9%14.0%21.2%23.3%21.3%19.2%17.5%
Capital spending as % of revenue4.0%0.8%0.4%0.6%0.3%0.5%1.8%1.0%
Free cash flow ÷ net income——————435.2%127.2%
Dividends and buybacks ÷ free cash flow207.4%———0.0%0.0%8.1%23.0%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

6 of 6 checks passed · June 30, 2026
What it owns · $1.6bn
Short-term assets $1.3bnLonger-term assets $282m
What it owes, and who funded it · $1.6bn
Short-term liabilities $404mLonger-term liabilities $36mShareholders' equity $1.1bn
  • Short-term assets cover short-term liabilities $1.3bn of assets due within a year against $404m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $1.3bn short-term assets against $36m of longer-dated liabilities.
  • More cash than debt $676m of cash against $3m of debt.
  • Debt below 40% of shareholders' equity Debt is 0% of equity.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt $406m of operating cash flow against $3m of debt.
  • Operating profit covers interest at least five times over Operating income of $171m against $10m of interest.

From Remitly Global, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

30 /100

Weak moat

How hard Remitly Global's competitive advantage looks for rivals to wear away, judged from 6 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Net income has been a median -10.9% of total assets over 5 years.

  • Durability 10 / 20

    Operating margin has been a median -7.8%; its worst year was -16.7%.

  • Cash conversion 11 / 20

    Free cash flow was positive in 3 of 5 years, at a median 10.1% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (35 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

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Figures from Remitly Global, Inc.'s SEC filings (10-K and 10-Q), retrieved October 26, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Remitly Global, Inc.