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Remitly Global, Inc. RELY Business Segments — Net Income

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Other financials

Income statement

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Revenue$452.8M+25.2%
Operating income$53.7M+339%
Net income$49.1M+332%
EPS (diluted)$0.23+360%

Balance sheet

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Cash & equivalents$650.7M+31.3%
Total debt$39.3M+85.0%
Total equity$907.4M+25.4%
Total assets$1.4B+25.9%

Cash flow

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Operating cash flow$81.9M+1.4%
CapEx$6.0M-43.6%
Free cash flow$75.9M+8.2%

Valuation

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Market cap$4.44B-20.9%
Enterprise value$3.83B-27.3%
P/E42.1×
P/S2.6×-1.6×

Profitability

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Operating margin6.9%+6.4pp
Net margin6.1%+5.8pp
FCF margin17.5%

Returns & leverage

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Return on equity13%+12.3pp
Debt / equity0.0×
Current ratio2.8×+0.1×

Where this comes from

Reported directly by Remitly Global, Inc. in its filing.

Tagged under the XBRL concept us-gaap:NetIncomeLoss.

The official record: Remitly Global, Inc.’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Remitly Global, Inc.'s business segments — net income?
Remitly Global, Inc. (RELY) reported business segments — net income of $49.05M in Q1 2026.
How has Remitly Global, Inc.'s business segments — net income changed year-over-year?
Remitly Global, Inc.'s business segments — net income increased by 332.1% year-over-year, from $11.35M to $49.05M.
What is the long-term trend for Remitly Global, Inc.'s business segments — net income?
Over 3 years (2022 to 2025), Remitly Global, Inc.'s business segments — net income has grown at a -15.9% compound annual growth rate (CAGR), from -$114.02M to $67.93M.
What does business segments — net income mean?
This metric measures the total profit generated by a specific reportable business segment after accounting for all directly attributable revenues, operating expenses, and allocated costs. It serves as a primary indicator of the segment's standalone financial health and its contribution to the overall profitability of the enterprise. By analyzing this figure, stakeholders can evaluate the operational efficiency and competitive performance of distinct business lines or geographic markets.