Remitly Global (Remitly Global) Profitability Rank : 1 (As of Dec. 2023)

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What is Remitly Global Profitability Rank?

Remitly Global has the Profitability Rank of 1. It has had trouble to make a profit.

GuruFocus Profitability Rank ranks how profitable a company is and how likely the company's business will stay that way. It is based on these factors:

1. Operating Margin %
2. Piotroski F-Score
3. Trend of the Operating Margin % (5-year average). The company with an uptrend profit margin has a higher rank.
4. Consistency of the profitability
5. Predictability Rank

Remitly Global's Operating Margin % for the quarter that ended in Dec. 2023 was -11.71%. As of today, Remitly Global's Piotroski F-Score is 4.

Competitive Comparison of Remitly Global's Profitability Rank

For the Software - Infrastructure subindustry, Remitly Global's Profitability Rank, along with its competitors' market caps and Profitability Rank data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Remitly Global's Profitability Rank Distribution in the Software Industry

For the Software industry and Technology sector, Remitly Global's Profitability Rank distribution charts can be found below:

* The bar in red indicates where Remitly Global's Profitability Rank falls into.

Remitly Global Profitability Rank Calculation

GuruFocus Profitability Rank ranks how profitable a company is and how likely the company's business will stay that way.

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Remitly Global has the Profitability Rank of 1. It has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength. But if a company is consistently profitable, its financial strength will be stronger.

Profitability Rank is based on these factors:

1. Operating Margin %

Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.

Remitly Global's Operating Margin % for the quarter that ended in Dec. 2023 is calculated as:

Operating Margin %	=	Operating Income (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	-31.001	/	264.758
	=	-11.71 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

2. Piotroski F-Score

The zones of discrimination were as such:

Good or high score = 8 or 9
Bad or low score = 0 or 1

Remitly Global has an F-score of 4 indicating the company's financial situation is typical for a stable company.

3. Trend of the Operating Margin % (5-year average). The company with an uptrend profit margin has a higher rank.

4. Consistency of the profitability

5. Predictability Rank

Remitly Global Profitability Rank Related Terms

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Remitly Global (Remitly Global) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Remitly Global Inc (NAS:RELY) » Definitions » Profitability Rank

Comparable Companies

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Traded in Other Exchanges

N/A

Address

1111 Third Avenue, Suite 2100, Seattle, WA, USA, 98101

Website

https://www.remitly.com

Remitly Global Inc provides integrated financial services to immigrants, including helping customers send money internationally in a quick, reliable, and more cost-effective manner by leveraging digital channels. It supports cross-border transmissions across the globe. The company's revenue is generated on transaction fees charged to customers and foreign exchange spreads between the foreign exchange rate offered to customers and the foreign exchange rate on the company's currency purchases.

Executives

Rene Yoakum	officer: EVP, Customer and Culture	C/O REMITLY GLOBAL, INC., 1111 3RD AVE., 21ST FLOOR, SEATTLE WA 98101
Bora Chung	director	C/O BILL.COM HOLDINGS, INC., 1810 EMBARCADERO ROAD, PALO ALTO CA 94303
Matthew B. Oppenheimer	director, officer: Chief Executive Officer	1111 THIRD AVENUE, ST. 2100, C/O REMITLY GLOBAL, INC., SEATTLE WA 98101
Hemanth Munipalli	officer: Chief Financial Officer	C/O REMITLY GLOBAL, INC., 1111 THIRD AVENUE, SUITE 2100, SEATTLE WA 98101
Joshua Hug	director, officer: Chief Operating Officer	1111 THIRD AVENUE, ST. 2100, C/O REMITLY GLOBAL, INC., SEATTLE WA 98101
Ankur Sinha	officer: Chief Technology Officer	C/O REMITLY GLOBAL, INC., 1111 3RD AVE., 21ST FLOOR, SEATTLE WA 98101
Nigel W Morris	director	1680 CAPITAL ONE DRIVE, MCLEAN VA 22102
Gail A Miller	officer: Chief Accounting Officer	C/O REMITLY GLOBAL, INC., 1111 3RD AVE., 21ST FLOOR, SEATTLE, WA 98101
Phyllis J Campbell	director	C/O AIR TRANSPORT SERVICES GROUP, INC., 145 HUNTER DRIVE, WILMINGTON OH 45177
Ryno Blignaut	director	C/O XOOM CORPORATION, 100 BUSH STREET, SUITE 300, SAN FRANCISCO CA 94104
Stripes Holdings, Llc	10 percent owner	402 WEST 13TH ST., 4TH FLOOR, NEW YORK NY 10014
Stripes Iii, Lp	10 percent owner	402 WEST 13TH STREET, 4TH FLOOR, NEW YORK NY 10014
Stripes Gp Iii, Llc	10 percent owner	402 WEST 13TH STREET, NEW YORK NY 10014
Kenneth A Fox	10 percent owner
William Kazuo Bryant	director	1111 THIRD AVENUE, ST. 2100, C/O REMITLY GLOBAL, INC., SEATTLE WA 98101