Remitly Global, Inc. — Earnings Quality Grade B
RELY · Technology
Generally healthy
Screening Summary
Management Signals
Source: SEC EDGAR 8-K Item 5.02, with exhibit links when available
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 64 days, change +8 days YoY
AR growth 47.7% exceeds revenue growth 29.4%
Revenue 29.4%, CFFO 191.3%. Cash follows revenue
Expense Quality
No material inventory
CapEx growth 136.2% is >2x revenue growth 29.4%
SG&A/Gross Profit = 57.7%. Normal
Gross margin 60.2%, change +1.0pp. Stable
Cash Flow Quality
CFFO/NI = 4.79. Profits backed by cash
FCF $0.3B, FCF/NI = 4.17
Accruals ratio = -17.6%. Low accruals
Cash $0.5B covers debt $0.2B
Balance Sheet Health
Goodwill+Intangibles $0.1B = 7% of equity. Manageable
Debt/EBITDA = 1.5x. Healthy
Other assets grew 117.7% vs revenue 29.4%
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change -13% YoY. Normal
Manipulation Score
M-Score = -3.12 (< -2.22). Unlikely manipulator
Beneish M-Score
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25