Remitly Global Stock Gross Profit

RELY Stock

USD 20.74 0.62 2.90%

Remitly Global fundamentals help investors to digest information that contributes to Remitly Global's financial success or failures. It also enables traders to predict the movement of Remitly Stock. The fundamental analysis module provides a way to measure Remitly Global's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Remitly Global stock.

	Last Reported	Projected for Next Year
Gross Profit	533.4 M	560.1 M
Gross Profit Margin	0.56	0.29

Gross Profit is likely to rise to about 560.1 M in 2024, whereas Gross Profit Margin is likely to drop 0.29 in 2024.

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Remitly Global Company Gross Profit Analysis

Remitly Global's Gross Profit is the most basic measure of business operational efficiency. It is simply the difference between sales revenue and the cost associated with making a product or providing a service. It is calculated before deducting administrative expenses, taxes, and interest payments.

Gross Profit

Revenue

-

Cost of Revenue

More About Gross Profit | All Equity Analysis

Current Remitly Global Gross Profit

326.63 M

Most of Remitly Global's fundamental indicators, such as Gross Profit, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Remitly Global is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Remitly Gross Profit Driver Correlations

Understanding the fundamental principles of building solid financial models for Remitly Global is extremely important. It helps to project a fair market value of Remitly Stock properly, considering its historical fundamentals such as Gross Profit. Since Remitly Global's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Remitly Global's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Remitly Global's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Current Deferred Revenue	Net Debt	Retained Earnings	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Accounts Payable	Net Receivables	Good Will	Short Term Investments	Intangible Assets	Net Tangible Assets	Net Invested Capital	Short Long Term Debt	Capital Stock	Net Working Capital	Property Plant Equipment	Deferred Long Term Liab	Long Term Debt
Total Assets		0.33	0.96	0.59	0.62	0.99	-0.04	0.93	0.87	-0.07	-0.05	0.03	-0.08	-0.13	-0.04	-0.04	0.0	0.03	-0.05	0.0	-0.02	-0.01
Total Stockholder Equity	0.33		0.29	-0.36	0.29	0.24	0.73	0.22	0.02	-0.31	0.54	0.01	0.71	0.42	0.82	0.81	-0.73	-0.81	0.87	0.61	0.71	-0.37
Current Deferred Revenue	0.96	0.29		0.53	0.74	0.97	-0.17	0.95	0.83	-0.2	-0.25	-0.11	-0.21	-0.21	-0.12	-0.13	0.09	0.11	-0.12	-0.19	-0.2	0.15
Net Debt	0.59	-0.36	0.53		0.2	0.65	-0.51	0.54	0.73	0.46	-0.35	0.46	-0.59	-0.39	-0.61	-0.59	0.5	0.59	-0.62	-0.29	-0.41	0.26
Retained Earnings	0.62	0.29	0.74	0.2		0.62	-0.26	0.8	0.4	-0.59	-0.44	-0.34	-0.14	-0.12	-0.2	-0.22	0.24	0.21	-0.17	-0.3	-0.28	0.29
Total Liab	0.99	0.24	0.97	0.65	0.62		-0.13	0.94	0.89	-0.04	-0.13	0.03	-0.17	-0.18	-0.14	-0.13	0.09	0.12	-0.15	-0.06	-0.1	0.06
Total Current Assets	-0.04	0.73	-0.17	-0.51	-0.26	-0.13		-0.2	-0.23	0.09	0.93	0.14	0.92	0.76	0.93	0.94	-0.78	-0.88	0.9	0.71	0.81	-0.77
Short Term Debt	0.93	0.22	0.95	0.54	0.8	0.94	-0.2		0.78	-0.25	-0.24	-0.16	-0.16	-0.14	-0.23	-0.22	0.26	0.24	-0.21	-0.15	-0.18	0.13
Common Stock	0.87	0.02	0.83	0.73	0.4	0.89	-0.23	0.78		0.25	-0.18	0.23	-0.34	-0.13	-0.28	-0.28	0.19	0.25	-0.29	-0.18	-0.23	0.17
Accounts Payable	-0.07	-0.31	-0.2	0.46	-0.59	-0.04	0.09	-0.25	0.25		0.23	0.65	-0.17	0.27	-0.11	-0.1	0.05	0.1	-0.14	0.02	-0.03	-0.06
Net Receivables	-0.05	0.54	-0.25	-0.35	-0.44	-0.13	0.93	-0.24	-0.18	0.23		0.3	0.88	0.64	0.81	0.85	-0.71	-0.76	0.76	0.79	0.84	-0.88
Good Will	0.03	0.01	-0.11	0.46	-0.34	0.03	0.14	-0.16	0.23	0.65	0.3		-0.01	0.07	0.03	0.06	-0.09	-0.03	0.02	0.24	0.16	-0.26
Short Term Investments	-0.08	0.71	-0.21	-0.59	-0.14	-0.17	0.92	-0.16	-0.34	-0.17	0.88	-0.01		0.66	0.87	0.9	-0.73	-0.82	0.85	0.8	0.89	-0.75
Intangible Assets	-0.13	0.42	-0.21	-0.39	-0.12	-0.18	0.76	-0.14	-0.13	0.27	0.64	0.07	0.66		0.55	0.56	-0.4	-0.5	0.56	0.38	0.46	-0.44
Net Tangible Assets	-0.04	0.82	-0.12	-0.61	-0.2	-0.14	0.93	-0.23	-0.28	-0.11	0.81	0.03	0.87	0.55		1.0	-0.93	-0.99	0.97	0.68	0.81	-0.67
Net Invested Capital	-0.04	0.81	-0.13	-0.59	-0.22	-0.13	0.94	-0.22	-0.28	-0.1	0.85	0.06	0.9	0.56	1.0		-0.91	-0.97	0.96	0.71	0.82	-0.72
Short Long Term Debt	0.0	-0.73	0.09	0.5	0.24	0.09	-0.78	0.26	0.19	0.05	-0.71	-0.09	-0.73	-0.4	-0.93	-0.91		0.97	-0.86	-0.63	-0.73	0.57
Capital Stock	0.03	-0.81	0.11	0.59	0.21	0.12	-0.88	0.24	0.25	0.1	-0.76	-0.03	-0.82	-0.5	-0.99	-0.97	0.97		-0.95	-0.66	-0.78	0.61
Net Working Capital	-0.05	0.87	-0.12	-0.62	-0.17	-0.15	0.9	-0.21	-0.29	-0.14	0.76	0.02	0.85	0.56	0.97	0.96	-0.86	-0.95		0.73	0.83	-0.54
Property Plant Equipment	0.0	0.61	-0.19	-0.29	-0.3	-0.06	0.71	-0.15	-0.18	0.02	0.79	0.24	0.8	0.38	0.68	0.71	-0.63	-0.66	0.73		0.97	-0.54
Deferred Long Term Liab	-0.02	0.71	-0.2	-0.41	-0.28	-0.1	0.81	-0.18	-0.23	-0.03	0.84	0.16	0.89	0.46	0.81	0.82	-0.73	-0.78	0.83	0.97		-0.59
Long Term Debt	-0.01	-0.37	0.15	0.26	0.29	0.06	-0.77	0.13	0.17	-0.06	-0.88	-0.26	-0.75	-0.44	-0.67	-0.72	0.57	0.61	-0.54	-0.54	-0.59

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Remitly Gross Profit Historical Pattern

Today, most investors in Remitly Global Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Remitly Global's growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's gross profit growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Remitly Global gross profit as a starting point in their analysis.

Remitly Global Gross Profit

Timeline

Gross Profit varies significantly from one sector to another and tells an investor how much money a business would have made if it didn't have to pay any overhead expenses such as salary, taxes, or rent.

Competition

Predict Remitly Global

Gross Profit Over Time

According to the company disclosure, Remitly Global reported 326.63 M of gross profit. This is 99.67% lower than that of the Financial Services sector and significantly higher than that of the Financials industry. The gross profit for all United States stocks is 98.81% higher than that of the company.

Remitly Gross Profit Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Remitly Global's direct or indirect competition against its Gross Profit to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Remitly Global could also be used in its relative valuation, which is a method of valuing Remitly Global by comparing valuation metrics of similar companies.

Remitly Global is currently under evaluation in gross profit category among its peers.

Remitly Global ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Remitly Global's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Remitly Global's managers, analysts, and investors.

Environmental

Governance

Social

Remitly Fundamentals

	Return On Equity	-0.11
	Return On Asset	-0.0451
	Profit Margin	(0.06) %
	Operating Margin	0 %
	Current Valuation	3.8 B
	Shares Outstanding	198.06 M
	Shares Owned By Insiders	5.84 %
	Shares Owned By Institutions	82.33 %
	Number Of Shares Shorted	8.16 M
	Price To Earning	(0.43) X
	Price To Book	6.51 X
	Price To Sales	3.49 X
	Revenue	944.28 M
	Gross Profit	326.63 M
	EBITDA	(95.1 M)
	Net Income	(117.84 M)
	Cash And Equivalents	429.71 M
	Cash Per Share	2.56 X
	Total Debt	142.99 M
	Debt To Equity	0.02 %
	Current Ratio	2.80 X
	Book Value Per Share	3.19 X
	Cash Flow From Operations	(53.59 M)
	Short Ratio	3.21 X
	Earnings Per Share	(0.35) X
	Price To Earnings To Growth	(0.02) X
	Target Price	23.78
	Number Of Employees	2.7 K
	Beta	0.026
	Market Capitalization	4.11 B
	Total Asset	1.04 B
	Retained Earnings	(491.3 M)
	Working Capital	565.28 M
	Current Asset	271.8 M
	Current Liabilities	155.1 M
	Net Asset	1.04 B

About Remitly Global Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Remitly Global's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Remitly Global using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Remitly Global based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

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Additional Tools for Remitly Stock Analysis

When running Remitly Global's price analysis, check to measure Remitly Global's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Remitly Global is operating at the current time. Most of Remitly Global's value examination focuses on studying past and present price action to predict the probability of Remitly Global's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Remitly Global's price. Additionally, you may evaluate how the addition of Remitly Global to your portfolios can decrease your overall portfolio volatility.

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