Remitly Global to Replace Apellis Pharmaceuticals
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 3 days ago
0mins
Should l Buy RELY?
Remitly Global (RELY) will replace Apellis Pharmaceuticals (APLS). S&P 500 constituent Biogen (BIIB) is acquiring Apellis Pharmaceuticals in a deal expected to close soon, pending final closing conditions.
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Analyst Views on RELY
Wall Street analysts forecast RELY stock price to fall
5 Analyst Rating
5 Buy
0 Hold
0 Sell
Strong Buy
Current: 22.790
Low
17.00
Averages
22.67
High
28.00
Current: 22.790
Low
17.00
Averages
22.67
High
28.00
About RELY
Remitly Global, Inc. is a provider of digital financial services that transcend borders, in over 170 countries around the world. Its cross-border payments app helps customers with a fast, reliable, and transparent money movement experience. The Company’s technology platform is purpose-built to localize consumer experiences, enables a robust network of partner integrations, and uses data to optimize business performance. The Company provides a digital cross-border remittance product that is accessible via its mobile app or the Web. It offers a mobile-centric suite of products, global network, localization expertise at scale and a data-driven approach. Its mobile app for cross-border remittances provides an easy-to-use, end-to-end process. The Company's global network of funding and disbursement partnerships enables it to complete money transfers in over 5,100 corridors without the need to deploy local operations in each country.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Exceptional Financial Performance: Remitly achieved $453 million in revenue for Q1 2026, a 25% year-over-year increase, with adjusted EBITDA reaching $102 million, marking the first time it exceeded $100 million, indicating strong profitability and market demand.
- Accelerated Share Repurchase: The pace of share repurchases nearly quadrupled this quarter, totaling $44 million, reflecting management's increased confidence in the company's future growth and creating value for shareholders.
- Core Business Growth: Core send volumes grew 30% quarter-over-quarter to $22.1 billion, with active customers increasing 20% year-over-year to over 9.6 million, showcasing Remitly's robust momentum in the digital remittance market.
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- Notable Revenue Growth: The company reported a 26% year-over-year revenue increase last quarter, with a 35% rise in send volume to $20 billion, demonstrating effective business model despite still being a single-digit market share player.
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- Convenient Access to Transfer Info: Users can view real-time exchange rates and compare various transfer methods, such as bank deposits and cash pickups, within ChatGPT, simplifying decision-making and improving transfer efficiency.
- Multi-Platform Strategy: This launch reflects Remitly's strategy to provide services on platforms users frequently use, having previously introduced money transfers via WhatsApp, demonstrating the company's proactive adaptation to changing customer behaviors.
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- Remitly User Growth: Remitly Global saw a 19% year-over-year increase in active users to 9.3 million in Q4, driving a 35% rise in total transfer amounts and a 26% revenue increase to $442 million, successfully turning a loss into a profit, showcasing its strong performance in the cross-border payments market.
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- Overall Market Trends: Despite the broader market pullback, investors should view this as a buying opportunity, particularly for companies with substantial AI applications like UiPath, Remitly, and Meta, which are expected to benefit from long-term growth.
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Bright Horizons Family Solutions: Bright Horizons Family Solutions is a prominent company that offers child care and early education services, catering to families and employers.
Remitly Global: Remitly Global is a financial technology company that specializes in international money transfers, providing services to individuals and businesses.
S&P Small Cap 600: The S&P Small Cap 600 is an index that measures the performance of small-cap companies in the U.S., reflecting the overall health of the small-cap market.
See More
Remitly Reports Exceptional Q1 2026 Earnings with Record Revenue and EBITDA
- Exceptional Financial Performance: Remitly achieved $453 million in revenue for Q1 2026, a 25% year-over-year increase, with adjusted EBITDA reaching $102 million, marking the first time it exceeded $100 million, indicating strong profitability and market demand.
- Accelerated Share Repurchase: The pace of share repurchases nearly quadrupled this quarter, totaling $44 million, reflecting management's increased confidence in the company's future growth and creating value for shareholders.
- Core Business Growth: Core send volumes grew 30% quarter-over-quarter to $22.1 billion, with active customers increasing 20% year-over-year to over 9.6 million, showcasing Remitly's robust momentum in the digital remittance market.
- Optimistic Outlook: Management expects Q2 2026 revenue to be between $483 million and $485 million, with full-year revenue guidance raised to $1.96 billion to $1.975 billion, reflecting confidence in future growth and continued market share expansion.
See More
Remitly Global Shares Surge 39.7% in April
- Significant Stock Surge: Remitly Global's shares soared 39.7% in April, reflecting strong market response to its robust growth and new product features, with a year-to-date increase of 72%, indicating a rebound in investor confidence.
- Notable Revenue Growth: The company reported a 26% year-over-year revenue increase last quarter, with a 35% rise in send volume to $20 billion, demonstrating effective business model despite still being a single-digit market share player.
- Innovative Product Integrations: In April, Remitly launched new product integrations through WhatsApp and ChatGPT, catering to customer needs, which received a positive market reaction and is expected to drive further market share gains and rapid revenue growth.
- Enhanced Profitability: The operating income reached $38.8 million last quarter with a 9% margin, the highest in the company's history, indicating that Remitly is effectively proving its profitability, and despite a 73% stock increase, its price-to-sales ratio remains below the S&P 500 average.
See More
Remitly Executive Sells 35,976 Shares Amid Strategic Shift
- Executive Stock Sale: Saema Somalya, Chief Legal and Corporate Affairs Officer of Remitly, sold 35,976 shares of common stock on April 14 and 15, 2026, totaling approximately $650,000, which reduced her direct holdings by 12.16% to 259,815 shares, valued at about $4.90 million post-transaction.
- Transaction Scale Analysis: This sale represents one of the largest single transactions in Saema's history, slightly below her previous maximum of 36,764 shares sold on March 4, 2026, and exceeds her average sale size of approximately 21,954 shares, indicating a trend of declining holdings.
- Company Financial Performance: Remitly achieved a net income of $67.9 million in 2025, a significant turnaround from a net loss of $37 million the previous year, with total revenue reaching $1.64 billion, up 29%, highlighting the company's robust growth potential in the digital remittance market.
- Strategic Shift and Market Response: With Remitly's innovative move towards AI-assisted distribution through a ChatGPT-integrated app, aimed at expanding its reach within immigrant communities, the executive stock sale raises questions, but the focus should remain on the company's evolving business strategies and market developments.
See More
Remitly Launches Cross-Border Transfer App in ChatGPT
- First Cross-Border App: Remitly's launch of its app in ChatGPT makes it the first cross-border money transfer company on the platform, addressing user needs for convenient transfer information and enhancing user experience.
- Convenient Access to Transfer Info: Users can view real-time exchange rates and compare various transfer methods, such as bank deposits and cash pickups, within ChatGPT, simplifying decision-making and improving transfer efficiency.
- Multi-Platform Strategy: This launch reflects Remitly's strategy to provide services on platforms users frequently use, having previously introduced money transfers via WhatsApp, demonstrating the company's proactive adaptation to changing customer behaviors.
- Global Business Expansion: With services spanning over 175 countries, Remitly is evolving from a remittance company into a diversified cross-border financial services provider, enhancing its competitiveness and influence in the global market.
See More
Investment Opportunities Amid Market Pullback
- UiPath Price Pullback: UiPath's shares have fallen over 40% since their December peak, yet its core automated workflow concept remains appealing to users, suggesting a potential rebound; currently priced at less than 14 times projected earnings, it presents a buying opportunity.
- Remitly User Growth: Remitly Global saw a 19% year-over-year increase in active users to 9.3 million in Q4, driving a 35% rise in total transfer amounts and a 26% revenue increase to $442 million, successfully turning a loss into a profit, showcasing its strong performance in the cross-border payments market.
- Meta's AI Utilization: Meta Platforms' stock has dropped 28% since August, but its ability to enhance advertising through AI has led to a 24% revenue growth in Q4, demonstrating its ongoing competitiveness in social networking, making it a long-term growth prospect for investors.
- Overall Market Trends: Despite the broader market pullback, investors should view this as a buying opportunity, particularly for companies with substantial AI applications like UiPath, Remitly, and Meta, which are expected to benefit from long-term growth.
See More
