Remitly Rapidly Expands in the Remittance Market
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 29 2026
0mins
Should l Buy RELY?
Source: NASDAQ.COM
- Market Potential: Remitly's rapid growth in the remittance market is evident as its revenue increased by 25% to $419.5 million in 2023, showcasing its strong competitive position in a global remittance market worth hundreds of billions annually.
- Profitability Improvement: Despite challenges, Remitly achieved a net income of $8.8 million in Q3, marking its first profitability under GAAP standards, indicating a gradual improvement in its margins.
- Future Growth Outlook: The company forecasts revenue to reach between $2.6 billion and $3 billion by 2028, implying a compound annual growth rate of 20%, reflecting strong long-term growth potential and market confidence.
- Product Innovation Drive: The launch of the Remitly One subscription service, which includes features like 'send now, pay later', further expands its market and enhances customer loyalty, demonstrating the company's strategic focus on product diversification.
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Analyst Views on RELY
Wall Street analysts forecast RELY stock price to rise
5 Analyst Rating
5 Buy
0 Hold
0 Sell
Strong Buy
Current: 13.080
Low
17.00
Averages
22.67
High
28.00
Current: 13.080
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.
Remitly Global (RELY) Q4 Earnings Announcement Scheduled
- Earnings Announcement Date: Remitly Global (RELY) is set to announce its Q4 2023 earnings on February 18th after market close, with market expectations building around its performance.
- Earnings Expectations: The consensus EPS estimate stands at $0.16, while revenue is projected to reach $427.27 million, reflecting a 21.4% year-over-year growth, indicating the company's strong market growth potential.
- Performance Review: Over the past year, RELY has not missed EPS estimates, achieving a 0% miss rate, while it has exceeded revenue expectations 100% of the time, showcasing its revenue stability.
- Estimate Revision Trends: In the last three months, there have been no upward revisions to EPS estimates, with one downward revision, which may suggest a cautious outlook from the market regarding the company's future profitability.
See More
Remitly Q4 Earnings Beat Expectations, 2026 Outlook Positive
- Strong Earnings Report: Remitly reported a Q4 GAAP EPS of $0.19, beating expectations by $0.18, with revenue of $442.2 million reflecting a 25.7% year-over-year growth, surpassing estimates by $14.93 million, indicating robust market performance.
- Positive Stock Reaction: Following the favorable earnings report, Remitly's shares rose by 9.77%, demonstrating investor confidence in the company's future growth potential and solidifying its position in the cross-border payments market.
- 2026 Financial Outlook: For fiscal year 2026, Remitly expects total revenue between $1.940 billion and $1.960 billion, representing a year-over-year growth rate of 19% to 20%, with positive GAAP net income and adjusted EBITDA projected between $340 million and $360 million, showcasing sustained profitability.
- Q1 Expectations: The company anticipates Q1 2026 total revenue in the range of $436 million to $438 million, reflecting a 21% year-over-year growth, alongside positive GAAP net income and adjusted EBITDA expected between $82 million and $84 million, further boosting market confidence in its short-term performance.
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- Challenges in New Business Lines: While Tesla is pivoting towards autonomous vehicles and humanoid robots, it has struggled to gain significant traction in these areas, and it may take years for these new business lines to impact the company's bottom line, increasing uncertainty for investors.
- Growth Potential for Remitly: Remitly's active customers grew by 21% year-over-year to 8.9 million, with revenue increasing by 25% to $420 million, and management expects total revenue to double to $3 billion in the coming years, showcasing its strong growth potential in the international remittance market.
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- Remitly's Growth Potential: Remitly Global (RELY) successfully facilitated $19.5 billion in transfers in Q3 last year, a 35% year-over-year increase, generating $419.5 million in revenue with EBITDA of $61.2 million, up 29%, and analysts expect this growth momentum to continue through 2028, showcasing its strong competitive position in the international payments market.
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- Market Environment Challenges: While the overall market faces uncertainty, stocks like Qualcomm, Remitly, and The Trade Desk demonstrate strong resilience, suggesting that investors may consider these potential stocks for long-term gains amid market volatility.
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- Shopify Upgrade: MoffettNathanson upgraded Shopify from neutral to buy, citing an attractive entry point due to market fears surrounding software companies, and believes Shopify will emerge as a long-term winner in the AI commerce landscape.
- Nvidia Outlook: Bernstein reiterated Nvidia as outperform, emphasizing that the AI growth trend remains robust, particularly in the AI compute sector, suggesting continued benefits for Nvidia and its peers.
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Goldman Sachs Lowers Price Target for Remitly Global, Maintains Buy Rating
- Revenue Growth: Remitly Global, Inc. reported $419.5 million in revenue for Q3 2025, marking a 25% year-over-year increase, which underscores the company's strong growth potential in the digital international money transfer sector and solidifies its market position.
- Profitability Improvement: The adjusted EBITDA margin reached 15%, indicating that the company is achieving continued operating leverage as it scales, enhancing its profitability and suggesting future financial health.
- Market Expansion: The expansion of Remitly Business into the U.K. and Canada nearly doubled business send volumes, reflecting the company's rapid penetration and growth opportunities in international markets, further driving revenue growth.
- Investment Outlook: Although Goldman Sachs lowered its price target for Remitly to $17, it maintained a Buy rating, indicating ongoing confidence in the company's underlying operating performance and suggesting that investors should monitor its long-term growth potential.
See More
Remitly Global (RELY) Q4 Earnings Announcement Scheduled
- Earnings Announcement Date: Remitly Global (RELY) is set to announce its Q4 2023 earnings on February 18th after market close, with market expectations building around its performance.
- Earnings Expectations: The consensus EPS estimate stands at $0.16, while revenue is projected to reach $427.27 million, reflecting a 21.4% year-over-year growth, indicating the company's strong market growth potential.
- Performance Review: Over the past year, RELY has not missed EPS estimates, achieving a 0% miss rate, while it has exceeded revenue expectations 100% of the time, showcasing its revenue stability.
- Estimate Revision Trends: In the last three months, there have been no upward revisions to EPS estimates, with one downward revision, which may suggest a cautious outlook from the market regarding the company's future profitability.
See More
Remitly Q4 Earnings Beat Expectations, 2026 Outlook Positive
- Strong Earnings Report: Remitly reported a Q4 GAAP EPS of $0.19, beating expectations by $0.18, with revenue of $442.2 million reflecting a 25.7% year-over-year growth, surpassing estimates by $14.93 million, indicating robust market performance.
- Positive Stock Reaction: Following the favorable earnings report, Remitly's shares rose by 9.77%, demonstrating investor confidence in the company's future growth potential and solidifying its position in the cross-border payments market.
- 2026 Financial Outlook: For fiscal year 2026, Remitly expects total revenue between $1.940 billion and $1.960 billion, representing a year-over-year growth rate of 19% to 20%, with positive GAAP net income and adjusted EBITDA projected between $340 million and $360 million, showcasing sustained profitability.
- Q1 Expectations: The company anticipates Q1 2026 total revenue in the range of $436 million to $438 million, reflecting a 21% year-over-year growth, alongside positive GAAP net income and adjusted EBITDA expected between $82 million and $84 million, further boosting market confidence in its short-term performance.
See More
Tesla Faces Growth Stagnation; Investors Should Exercise Caution
- Tesla's Declining Performance: Tesla's overall revenues have been flat to down since the end of 2023, with operating income slumping by over 50% in recent years, indicating that the company's electric vehicle sales volumes have stopped growing, which may impact its future market competitiveness.
- Challenges in New Business Lines: While Tesla is pivoting towards autonomous vehicles and humanoid robots, it has struggled to gain significant traction in these areas, and it may take years for these new business lines to impact the company's bottom line, increasing uncertainty for investors.
- Growth Potential for Remitly: Remitly's active customers grew by 21% year-over-year to 8.9 million, with revenue increasing by 25% to $420 million, and management expects total revenue to double to $3 billion in the coming years, showcasing its strong growth potential in the international remittance market.
- Nintendo's Market Opportunity: Nintendo's newly released Switch 2 has seen sales increase by nearly 100% year-over-year, and despite challenges from rising chip prices and a lack of flagship games, its increased investment in game development is expected to drive future revenue growth, with annual earnings projected to exceed $5 billion, making it a potential buy for investors.
See More
Three Resilient Stocks to Consider
- Qualcomm's Market Performance: Qualcomm (QCOM) has seen a 23% decline in its stock price since early January; however, despite challenges from memory chip shortages, demand for its high-performance processors remains strong, and as memory manufacturers recover, Qualcomm is expected to increase shipments, improving market performance.
- Remitly's Growth Potential: Remitly Global (RELY) successfully facilitated $19.5 billion in transfers in Q3 last year, a 35% year-over-year increase, generating $419.5 million in revenue with EBITDA of $61.2 million, up 29%, and analysts expect this growth momentum to continue through 2028, showcasing its strong competitive position in the international payments market.
- The Trade Desk's Value Recovery: The Trade Desk (TTD) has been impacted by the overall market downturn, but its revenue is projected to grow by 16% in 2023, with a current P/E ratio of only 12 times, indicating investment value, as the market has yet to recognize its necessity.
- Market Environment Challenges: While the overall market faces uncertainty, stocks like Qualcomm, Remitly, and The Trade Desk demonstrate strong resilience, suggesting that investors may consider these potential stocks for long-term gains amid market volatility.
See More
Key Wall Street Rating Changes Overview
- Shopify Upgrade: MoffettNathanson upgraded Shopify from neutral to buy, citing an attractive entry point due to market fears surrounding software companies, and believes Shopify will emerge as a long-term winner in the AI commerce landscape.
- Nvidia Outlook: Bernstein reiterated Nvidia as outperform, emphasizing that the AI growth trend remains robust, particularly in the AI compute sector, suggesting continued benefits for Nvidia and its peers.
- Thomson Reuters Upgrade: RBC upgraded Thomson Reuters from sector perform to outperform, indicating that the company's potential in the AI space will drive a rebound in stock price, creating an asymmetric upside opportunity in a complex market.
- Micron Price Target Increase: Deutsche Bank raised Micron's price target from $300 to $500 per share, asserting that the current market environment remains favorable for Micron's performance in the upcoming quarters, indicating strong growth potential.
See More
Goldman Sachs Lowers Price Target for Remitly Global, Maintains Buy Rating
- Revenue Growth: Remitly Global, Inc. reported $419.5 million in revenue for Q3 2025, marking a 25% year-over-year increase, which underscores the company's strong growth potential in the digital international money transfer sector and solidifies its market position.
- Profitability Improvement: The adjusted EBITDA margin reached 15%, indicating that the company is achieving continued operating leverage as it scales, enhancing its profitability and suggesting future financial health.
- Market Expansion: The expansion of Remitly Business into the U.K. and Canada nearly doubled business send volumes, reflecting the company's rapid penetration and growth opportunities in international markets, further driving revenue growth.
- Investment Outlook: Although Goldman Sachs lowered its price target for Remitly to $17, it maintained a Buy rating, indicating ongoing confidence in the company's underlying operating performance and suggesting that investors should monitor its long-term growth potential.
See More
