Remitly Global Stock Net Income
| RELY Stock | USD 27.14 0.95 3.63% |
Remitly Global fundamentals help investors to digest information that contributes to Remitly Global's financial success or failures. It also enables traders to predict the movement of Remitly Stock. The fundamental analysis module provides a way to measure Remitly Global's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Remitly Global stock.
| Last Reported | Projected for Next Year | ||
| Net Loss | -106.1 M | -100.8 M | |
| Net Loss | -106.1 M | -111.4 M | |
| Net Loss | -102.6 M | -97.5 M | |
| Net Loss | (0.75) | (0.71) | |
| Net Income Per E B T | 1.21 | 1.29 |
Remitly | Net Income |
Remitly Global Company Net Income Analysis
Remitly Global's Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.
Current Remitly Global Net Income | (117.84 M) |
Most of Remitly Global's fundamental indicators, such as Net Income, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Remitly Global is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Remitly Net Income Driver Correlations
Understanding the fundamental principles of building solid financial models for Remitly Global is extremely important. It helps to project a fair market value of Remitly Stock properly, considering its historical fundamentals such as Net Income. Since Remitly Global's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Remitly Global's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Remitly Global's interrelated accounts and indicators.
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
| Competition |
Remitly Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income |
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Based on the recorded statements, Remitly Global reported net income of (117.84 Million). This is 121.86% lower than that of the Financial Services sector and significantly lower than that of the Financials industry. The net income for all United States stocks is 120.64% higher than that of the company.
Remitly Net Income Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Remitly Global's direct or indirect competition against its Net Income to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Remitly Global could also be used in its relative valuation, which is a method of valuing Remitly Global by comparing valuation metrics of similar companies.Remitly Global is currently under evaluation in net income category among its peers.
Remitly Global Current Valuation Drivers
We derive many important indicators used in calculating different scores of Remitly Global from analyzing Remitly Global's financial statements. These drivers represent accounts that assess Remitly Global's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Remitly Global's important valuation drivers and their relationship over time.
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 (projected) | ||
| Enterprise Value | 7.8B | 3.0B | 1.6B | 3.3B | 3.8B | 4.8B |
Remitly Global ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Remitly Global's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Remitly Global's managers, analysts, and investors.Environmental | Governance | Social |
Remitly Global Institutional Holders
Institutional Holdings refers to the ownership stake in Remitly Global that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Remitly Global's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Remitly Global's value.| Shares | State Street Corp | 2024-09-30 | 3.1 M | Wellington Management Company Llp | 2024-09-30 | 2.8 M | Millennium Management Llc | 2024-09-30 | 2.4 M | Dimensional Fund Advisors, Inc. | 2024-09-30 | 2.1 M | Principal Financial Group Inc | 2024-12-31 | 1.9 M | Nuveen Asset Management, Llc | 2024-09-30 | 1.8 M | Deutsche Bank Ag | 2024-09-30 | 1.7 M | Alliancebernstein L.p. | 2024-09-30 | 1.4 M | Barclays Plc | 2024-09-30 | 1.4 M | Naspers Ltd | 2024-09-30 | 37.3 M | Vanguard Group Inc | 2024-09-30 | 14.3 M |
Remitly Fundamentals
| Return On Equity | -0.11 | ||||
| Return On Asset | -0.0451 | ||||
| Profit Margin | (0.06) % | ||||
| Operating Margin | 0 % | ||||
| Current Valuation | 5.06 B | ||||
| Shares Outstanding | 198.06 M | ||||
| Shares Owned By Insiders | 5.81 % | ||||
| Shares Owned By Institutions | 83.17 % | ||||
| Number Of Shares Shorted | 6.84 M | ||||
| Price To Earning | (0.43) X | ||||
| Price To Book | 8.52 X | ||||
| Price To Sales | 4.57 X | ||||
| Revenue | 944.28 M | ||||
| Gross Profit | 693.47 M | ||||
| EBITDA | (96.47 M) | ||||
| Net Income | (117.84 M) | ||||
| Cash And Equivalents | 429.71 M | ||||
| Cash Per Share | 2.56 X | ||||
| Total Debt | 142.99 M | ||||
| Debt To Equity | 0.02 % | ||||
| Current Ratio | 2.80 X | ||||
| Book Value Per Share | 3.19 X | ||||
| Cash Flow From Operations | (53.59 M) | ||||
| Short Ratio | 4.93 X | ||||
| Earnings Per Share | (0.35) X | ||||
| Price To Earnings To Growth | (0.02) X | ||||
| Target Price | 26.33 | ||||
| Number Of Employees | 2.7 K | ||||
| Beta | 0.071 | ||||
| Market Capitalization | 5.38 B | ||||
| Total Asset | 1.04 B | ||||
| Retained Earnings | (491.3 M) | ||||
| Working Capital | 565.28 M | ||||
| Current Asset | 271.8 M | ||||
| Current Liabilities | 155.1 M | ||||
| Net Asset | 1.04 B |
About Remitly Global Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Remitly Global's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Remitly Global using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Remitly Global based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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When running Remitly Global's price analysis, check to measure Remitly Global's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Remitly Global is operating at the current time. Most of Remitly Global's value examination focuses on studying past and present price action to predict the probability of Remitly Global's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Remitly Global's price. Additionally, you may evaluate how the addition of Remitly Global to your portfolios can decrease your overall portfolio volatility.