Remitly Global, Inc. (RELY) [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19
	10-K	10-K	10-K	10-K
Revenues:
United States	472.8	338.2	199.0	105.4
Rest of world	100.7	63.5	28.1	8.7
Canada	80.1	56.9	29.9	12.5
Total revenues	653.6	458.6	257.0	126.6
Revenue growth [+]	42.5%	78.5%	103.0%
United States	39.8%	69.9%	88.9%
Rest of world	58.5%	126.2%	222.3%
Canada	40.8%	90.5%	138.9%
Cost of goods sold	326.9	237.1	135.8	73.3
Gross profit	326.6	221.5	121.1	53.3
Gross margin	50.0%	48.3%	47.1%	42.1%
Selling, general and administrative [+]	302.2	191.8	105.5	69.2
Sales and marketing	171.0	120.9	73.8	43.5
General and administrative	131.3	70.9	31.7	25.7
Research and development	138.7	64.1	40.8	32.0
EBITDA [+]	-114.3	-34.5	-25.1	-47.9
EBITDA growth	231.7%	37.2%	-47.6%
EBITDA margin	-17.5%	-7.5%	-9.8%	-37.9%
Depreciation and amortization	6.7	5.3	4.1	2.7
EBIT [+]	-121.0	-39.7	-29.2	-50.6
EBIT growth	204.7%	36.1%	-42.3%
EBIT margin	-18.5%	-8.7%	-11.4%	-40.0%
Interest income, net [+]	2.8	-1.1	-0.9	-0.5
Interest expense	1.3	1.3	1.2	1.6
Interest income	4.1	0.1	0.3	1.1
Other income (expense), net	5.2	3.1	-1.3	0.0
Pre-tax income	-113.0	-37.7	-31.4	-51.1
Income taxes	1.0	1.0	1.2	0.3
Net income	-114.0	-38.8	-32.6	-63.5
Net margin	-17.4%	-8.5%	-12.7%	-50.2%

Basic EPS [+]	($0.68)	($0.64)	($1.52)	($2.98)
Growth	6.5%	-57.9%	-49.1%
Diluted EPS [+]	($0.68)	($0.64)	($1.52)	($2.98)
Growth	6.5%	-57.9%	-49.1%

Shares outstanding (basic) [+]	167.8	60.7	21.5	21.3
Growth	176.3%	183.0%	0.8%
Shares outstanding (diluted) [+]	167.8	60.7	21.5	21.3
Growth	176.3%	183.0%	0.8%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.