Remitly Historical Income Statement
| RELY Stock | USD 21.04 0.36 1.74% |
Historical analysis of Remitly Global income statement accounts such as Other Operating Expenses of 1.1 B, Total Operating Expenses of 765.8 M, Total Other Income Expense Net of 2.1 M or Income Tax Expense of 6.2 M can show how well Remitly Global performed in making a profits. Evaluating Remitly Global income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Remitly Global's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Remitly Global latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Remitly Global is a good buy for the upcoming year.
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About Remitly Income Statement Analysis
Remitly Global Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Remitly Global shareholders. The income statement also shows Remitly investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Remitly Global Income Statement Chart
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Depreciation And Amortization
The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.Total Revenue
Total revenue comprises all receipts Remitly Global generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of Remitly Global minus its cost of goods sold. It is profit before Remitly Global operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Remitly Global. It is also known as Remitly Global overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Remitly Global financial statement analysis. It represents the amount of money remaining after all of Remitly Global operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Most accounts from Remitly Global's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Remitly Global current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Remitly Global. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. For more information on how to buy Remitly Stock please use our How to Invest in Remitly Global guide.At this time, Remitly Global's Gross Profit is fairly stable compared to the past year. Other Operating Expenses is likely to rise to about 1.1 B in 2024, whereas Depreciation And Amortization is likely to drop slightly above 12.5 M in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) | Total Revenue | 458.6M | 653.6M | 944.3M | 558.5M | Interest Expense | 1.3M | 1.3M | 2.4M | 2.2M |
Remitly Global income statement Correlations
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Remitly Global Account Relationship Matchups
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Remitly Stock Analysis
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.