Remitly Global (NASDAQ:RELY) Full Year 2024 Results

Key Financial Results

• Revenue: US$1.26b (up 34% from FY 2023).
• Net loss: US$37.0m (loss narrowed by 69% from FY 2023).
• US$0.19 loss per share (improved from US$0.65 loss in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Remitly Global EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 27%.

Looking ahead, revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Diversified Financial industry in the US.

The company's shares are down 1.5% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We've done some analysis and you can see our take on Remitly Global's balance sheet.

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