Remitly (RELY) - Net Assets

Net assets on the balance sheet as of September 2024 : $0.63 Billion USD

According to Remitly's latest financial reports the company has $0.63 Billion USD in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

Remitly - Net assets on balance sheet (from 2020 to 2024)

Net assets by year

Year	Net assets	Change
2023-12-31	$$0.52 B	10.26%
2022-12-31	$$0.48 B	-0.05%
2021-12-31	$$0.48 B	172.33%
2020-12-31	$$0.17 B	51.95%
2019-12-31	$$0.11 B

What is the market capitalization of a company?

The market capitalization sometimes referred as Marketcap, is the value of a publicly listed company.
In most cases it can be easily calculated by multiplying the share price with the amount of outstanding shares.

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Remitly (RELY) - Net assets