Remitly Global Inc
Remitly Global, Inc. engages in the provision of digital financial services in the United States, Canada, and internationally. It offers cross-border remittances and complementary financial services through mobile application and website. Remitly Global, Inc. was incorporated in 2011 and is headquartered in Seattle, Washington.
Remitly Global Inc (RELY) - Net Assets
Latest net assets as of September 2025: $797.17 Million USD
Based on the latest financial reports, Remitly Global Inc (RELY) has net assets worth $797.17 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.21 Billion) and total liabilities ($416.52 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $797.17 Million |
| % of Total Assets | 65.68% |
| Annual Growth Rate | 2.73% |
| 5-Year Change | 277.3% |
| 10-Year Change | 676.43% |
| Growth Volatility | 101.19 |
Remitly Global Inc - Net Assets Trend (2001–2024)
This chart illustrates how Remitly Global Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Remitly Global Inc (2001–2024)
The table below shows the annual net assets of Remitly Global Inc from 2001 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $665.47 Million | +25.72% |
| 2023-12-31 | $529.34 Million | +10.26% |
| 2022-12-31 | $480.09 Million | -0.05% |
| 2021-12-31 | $480.33 Million | +172.33% |
| 2020-12-31 | $176.38 Million | +51.95% |
| 2019-12-31 | $116.08 Million | +243.13% |
| 2017-12-31 | $-81.10 Million | -342.81% |
| 2016-12-31 | $33.40 Million | -76.41% |
| 2015-12-31 | $141.60 Million | +65.21% |
| 2014-12-31 | $85.71 Million | +71.70% |
| 2013-12-31 | $49.92 Million | -14.27% |
| 2012-12-31 | $58.23 Million | -8.79% |
| 2011-12-31 | $63.84 Million | -29.96% |
| 2010-12-31 | $91.15 Million | -91.82% |
| 2007-12-31 | $1.11 Billion | -17.90% |
| 2005-12-31 | $1.36 Billion | +33.85% |
| 2004-12-31 | $1.01 Billion | +52.49% |
| 2003-12-31 | $664.73 Million | +66.59% |
| 2002-12-31 | $399.02 Million | +11.53% |
| 2001-12-31 | $357.77 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Remitly Global Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 923.8% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $20.00K | 0.00% |
| Other Comprehensive Income | $-1.66 Million | -0.25% |
| Other Components | $1.20 Billion | 179.63% |
| Total Equity | $665.47 Million | 100.00% |
Remitly Global Inc Competitors by Market Cap
The table below lists competitors of Remitly Global Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ventia Services Group Ltd
AU:VNT
|
$2.69 Billion |
|
DiGi.Com Bhd
KLSE:6947
|
$2.69 Billion |
|
IGO Limited
PINK:IIDDY
|
$2.70 Billion |
|
COWAY Co. Ltd
KO:021240
|
$2.70 Billion |
|
Acadia Realty Trust
NYSE:AKR
|
$2.69 Billion |
|
Blue Star Limited
NSE:BLUESTARCO
|
$2.69 Billion |
|
Mercury NZ Limited
PINK:MGHTF
|
$2.69 Billion |
|
Infrastrutture Wireless Italiane S.p.A
PINK:IFSUF
|
$2.68 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Remitly Global Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 529,337,000 to 665,471,000, a change of 136,134,000 (25.7%).
- Net loss of 36,978,000 reduced equity.
- Other comprehensive income decreased equity by 1,993,000.
- Other factors increased equity by 175,105,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-36.98 Million | -5.56% |
| Other Comprehensive Income | $-1.99 Million | -0.3% |
| Other Changes | $175.10 Million | +26.31% |
| Total Change | $- | 25.72% |
Book Value vs Market Value Analysis
This analysis compares Remitly Global Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 4.58x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 6.44x to 4.58x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2002-12-31 | $2.43 | $15.67 | x |
| 2003-12-31 | $4.05 | $15.67 | x |
| 2004-12-31 | $6.18 | $15.67 | x |
| 2005-12-31 | $8.27 | $15.67 | x |
| 2007-12-31 | $6.79 | $15.67 | x |
| 2010-12-31 | $0.79 | $15.67 | x |
| 2011-12-31 | $0.55 | $15.67 | x |
| 2012-12-31 | $0.50 | $15.67 | x |
| 2013-12-31 | $0.69 | $15.67 | x |
| 2014-12-31 | $1.19 | $15.67 | x |
| 2015-12-31 | $4.85 | $15.67 | x |
| 2016-12-31 | $1.15 | $15.67 | x |
| 2017-12-31 | $-2.80 | $15.67 | x |
| 2019-12-31 | $5.45 | $15.67 | x |
| 2020-12-31 | $1.16 | $15.67 | x |
| 2021-12-31 | $7.91 | $15.67 | x |
| 2022-12-31 | $2.86 | $15.67 | x |
| 2023-12-31 | $2.93 | $15.67 | x |
| 2024-12-31 | $3.42 | $15.67 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Remitly Global Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -5.56%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -2.93%
- • Asset Turnover: 1.25x
- • Equity Multiplier: 1.52x
- Recent ROE (-5.56%) is above the historical average (-15.55%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 25.61% | 71.46% | 0.02x | 16.46x | $62.28 Million |
| 2003 | 41.18% | 0.00% | 0.00x | 14.32x | $207.24 Million |
| 2004 | 83.81% | 0.00% | 0.00x | 9.97x | $748.22 Million |
| 2005 | 56.75% | 0.00% | 0.00x | 8.46x | $634.26 Million |
| 2007 | -6.60% | -11.54% | 0.05x | 11.57x | $-184.96 Million |
| 2010 | -4.61% | 0.00% | 0.00x | 5.24x | $-13.31 Million |
| 2011 | -14.64% | -56.65% | 0.12x | 2.24x | $-15.73 Million |
| 2012 | -6.81% | -9.03% | 0.35x | 2.16x | $-9.79 Million |
| 2013 | -20.10% | -23.06% | 0.48x | 1.81x | $-15.03 Million |
| 2014 | 3.67% | 7.49% | 0.34x | 1.42x | $-5.42 Million |
| 2015 | -22.39% | -2.77% | 1.63x | 4.95x | $-45.86 Million |
| 2016 | -308.98% | -8.26% | 1.94x | 19.33x | $-106.54 Million |
| 2017 | 0.00% | -8.97% | 2.27x | 0.00x | $-112.69 Million |
| 2019 | -44.27% | -40.60% | 0.48x | 2.29x | $-63.00 Million |
| 2020 | -18.46% | -12.67% | 0.71x | 2.06x | $-50.20 Million |
| 2021 | -8.07% | -8.45% | 0.73x | 1.30x | $-86.79 Million |
| 2022 | -23.75% | -17.45% | 0.94x | 1.45x | $-162.03 Million |
| 2023 | -22.26% | -12.48% | 0.91x | 1.96x | $-170.77 Million |
| 2024 | -5.56% | -2.93% | 1.25x | 1.52x | $-103.53 Million |
Industry Comparison
This section compares Remitly Global Inc's net assets metrics with peer companies in the Software - Infrastructure industry.
Industry Context
- Industry: Software - Infrastructure
- Average net assets among peers: $237,144,588
- Average return on equity (ROE) among peers: -85.78%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Remitly Global Inc (RELY) | $797.17 Million | 25.61% | 0.52x | $2.69 Billion |
| Automatic Bank Services Limited (ABANF) | $231.37 Million | 16.52% | 0.19x | $269.02 Million |
| ACI Worldwide Inc (ACIW) | $76.50 Million | 16.47% | 0.61x | $4.01 Billion |
| Adyen N.V (ADYYF) | $389.78 Million | 18.29% | 1.92x | $34.24 Billion |
| Aeva Technologies, Inc. Common Stock (AEVA) | $99.35 Million | -153.25% | 0.48x | $418.95 Million |
| Aeva Technologies, Inc. Warrants (AEVAW) | $456.38 Million | -22.32% | 0.05x | $3.74 Million |
| Affluence Corporation (AFFU) | $-639.00K | 0.00% | 0.00x | $3.98K |
| Axe Compute Inc. (AGPU) | $923.68K | -706.52% | 2.04x | $2.86 Million |
| C3 Ai Inc (AI) | $838.30 Million | -34.44% | 0.22x | $1.15 Billion |
| iLearningEngines, Inc. (AILE) | $264.32 Million | 1.83% | 0.09x | $17.39 Million |
| PowerFleet, Inc. (AIOT) | $15.17 Million | 5.61% | 0.31x | $383.57 Million |