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) - Total Assets
Latest total assets as of September 2025: $1.21 Billion USD
Based on the latest financial reports, Remitly Global Inc (RELY) holds total assets worth $1.21 Billion USD as of September 2025.
Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.
Remitly Global Inc - Total Assets Trend (2001–2024)
This chart illustrates how Remitly Global Inc’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Remitly Global Inc - Asset Composition Analysis
Current Asset Composition (December 2024)
Remitly Global Inc's total assets of $1.21 Billion consist of 88.6% current assets and 11.4% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 36.3% |
| Accounts Receivable | $213.02 Million | 21.0% |
| Inventory | $0.00 | 0.0% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $10.46 Million | 1.0% |
| Goodwill | $54.94 Million | 5.4% |
Asset Composition Trend (2001–2024)
This chart illustrates how Remitly Global Inc's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Remitly Global Inc's current assets represent 88.6% of total assets in 2024, an increase from 1.9% in 2001.
- Cash Position: Cash and equivalents constituted 36.3% of total assets in 2024, up from 1.9% in 2001.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 6.0% of total assets, an increase from 0.0% in 2001.
- Asset Diversification: The largest asset category is accounts receivable at 21.0% of total assets.
Remitly Global Inc Competitors by Total Assets
Key competitors of Remitly Global Inc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Eastcompeace Technology Co Ltd
SHE:002017
|
China | CN¥2.97 Billion |
|
Wiscom System Co Ltd
SHE:002090
|
China | CN¥3.17 Billion |
|
Topsec Technologies Group Inc
SHE:002212
|
China | CN¥10.79 Billion |
|
Focus Technology Co Ltd
SHE:002315
|
China | CN¥4.27 Billion |
|
Beijing Venustech Inc
SHE:002439
|
China | CN¥13.16 Billion |
|
Maxvision Technology Corp
SHE:002990
|
China | CN¥3.74 Billion |
|
OpenSys M Bhd
KLSE:0040
|
Malaysia | RM129.25 Million |
|
Managepay Systems Bhd
KLSE:0156
|
Malaysia | RM86.24 Million |
Remitly Global Inc - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Strong asset utilization - Remitly Global Inc generates 1.25x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Remitly Global Inc is currently not profitable relative to its asset base.
Remitly Global Inc - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 2.88 | 2.66 | 1.90 |
| Quick Ratio | 2.88 | 3.56 | 1.34 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $705.37 Million | $ 537.16 Million | $ 163.56 Million |
Remitly Global Inc - Advanced Valuation Insights
This section examines the relationship between Remitly Global Inc's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 3.35 |
| Latest Market Cap to Assets Ratio | 2.66 |
| Asset Growth Rate (YoY) | -2.3% |
| Total Assets | $1.01 Billion |
| Market Capitalization | $2.69 Billion USD |
Valuation Analysis
Premium Asset Valuation: The market values Remitly Global Inc's assets at a significant premium ( 2.66x), suggesting investors see substantial growth potential or unique competitive advantages.
Slight Asset Contraction: Remitly Global Inc's assets decreased by 2.3% over the past year, which may reflect streamlining or optimization of resources.
Annual Total Assets for Remitly Global Inc (2001–2024)
The table below shows the annual total assets of Remitly Global Inc from 2001 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | $1.01 Billion | -2.26% |
| 2023-12-31 | $1.04 Billion | +48.90% |
| 2022-12-31 | $695.95 Million | +11.23% |
| 2021-12-31 | $625.66 Million | +72.36% |
| 2020-12-31 | $362.99 Million | +36.43% |
| 2019-12-31 | $266.06 Million | -55.07% |
| 2017-12-31 | $592.10 Million | -8.27% |
| 2016-12-31 | $645.50 Million | -7.90% |
| 2015-12-31 | $700.90 Million | +474.87% |
| 2014-12-31 | $121.92 Million | +35.29% |
| 2013-12-31 | $90.12 Million | -28.31% |
| 2012-12-31 | $125.71 Million | -12.10% |
| 2011-12-31 | $143.02 Million | -70.03% |
| 2010-12-31 | $477.18 Million | -96.30% |
| 2007-12-31 | $12.89 Billion | +12.25% |
| 2005-12-31 | $11.48 Billion | +13.64% |
| 2004-12-31 | $10.11 Billion | +6.13% |
| 2003-12-31 | $9.52 Billion | +44.96% |
| 2002-12-31 | $6.57 Billion | -16.95% |
| 2001-12-31 | $7.91 Billion | -- |