NASDAQ$RELY

Remitly Global Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Remitly's Q4 2021 earnings were reported, demonstrating strong growth in active customers, send volume, and revenue, but also an increased net loss.

Remitly reported a strong fourth quarter with significant growth in active customers, send volume, and revenue. Active customers increased by 50%, send volume increased by 64%, and revenue increased by 69%. However, the company's net loss also increased compared to the same period last year.

  • Active customers increased 50% year over year, reaching 2.8 million.
  • Send volume increased 64% year over year, totaling $6.0 billion.
  • Revenue increased 69% year over year, reaching $135.3 million.
  • Net loss was $16.6 million, compared to $9.0 million in the fourth quarter of 2020.

Headline financials

Total Revenue

$135M

Previous: $80M+69.0%
EPS (adj)

-$0.10

Previous: -$0.41+75.6%
Active customers

2.8M

Previous: 1.9M+47.4%
Send volume

$6B

Previous: $3.6B+66.7%
Capital Expenditures

$609K

Previous: $239K+154.8%
Free Cash Flow

-$38.4M

Previous: -$43.3M+11.2%
Net Income

-$16.6M

Previous: -$9.01M-84.1%
Operating Income

-$16.5M

Previous: -$8.84M-87.1%
Gross Profit

$65.7M

Previous: $36.2M+81.5%
Cash & Equivalents

$403M

Previous: $187M+116.0%
Total Assets

$626M

Previous: $363M+72.4%
Stock-Based Comp

$8.05M

Previous: $1.41M+470.2%

Revenue & EPS history

Remit Global · Revenue · Quarterly

$135M

Q4 2021+69%vs Q4 2020
Beat estimate in 6 of 8 quarters(75%)
ActualEstimate

Forward guidance

For fiscal year 2022, Remitly expects total revenue in the range of $605 million to $615 million, representing a growth rate of 32% to 34% year over year and Adjusted EBITDA in the range of $(40) million to $(30) million.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q4 2021

Historical avgQ4 2021

+2.1%

Avg return

Earnings day

-0.3%

Avg return

5 days after

-2.4%

Avg return

30 days after

52%

12 / 23 earnings

Positive

+25.7%

Q4 2025

Best reaction

-30.2%

Q3 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2025———
Q1 2026-4.1%+0.5%-20.9%
Q4 2025+25.7%+19.0%+12.8%
Q3 2025-3.1%-0.6%-16.8%
Q1 2025+14.5%+14.8%+2.1%
Q4 2024-0.5%-7.3%-21.5%
Q3 2024+20.6%+27.0%+37.9%
Q2 2024+1.5%-2.8%+0.8%
Q1 2024-13.6%-13.6%-27.1%
Q4 2023+15.9%+16.8%+15.4%
Q3 2023-30.2%-26.7%-22.3%
Q2 2023+12.0%+11.8%+29.0%
Q1 2023+8.0%+7.4%+13.3%
Q4 2022+23.2%+20.9%+46.0%
Q3 2022-12.5%-18.5%-10.2%
Q2 2021+1.6%+3.7%+2.3%
Q2 2022+14.8%+9.3%+3.7%
Q1 2021+21.7%+28.2%+28.0%
Q1 2022-29.1%-37.5%+5.4%
Q4 2019+1.5%+3.7%+11.2%
Q4 2021-1.3%-20.0%-25.7%
Q3 2020-0.6%-12.5%-36.0%
Q4 2020-0.6%-12.5%-36.0%
Q3 2021-17.9%-18.3%-47.5%
Q2 2020———
Q1 2020———
Q4 2017———
Q3 2017———
Q2 2017———
Q1 2017———
Q4 2016———
Q3 2016———
Q2 2016———
Q1 2016———
Q4 2015———
Q3 2015———
Q2 2015———
Q1 2015———
Q4 2014———
Q3 2014———
Q2 2014———
Q1 2014———
Q4 2013———
Q3 2013———
Q2 2013———
Q1 2013———
Q4 2012———
Q3 2012———
Q2 2012———
Q1 2012———
Q4 2011———
Q3 2011———
Q2 2011———
Q1 2011———
Q1 2010———
Q2 2010———
Q3 2010———
Q4 2010———

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