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 20 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
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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