Remitly's Financial Model Based on Durable Growth and Unit Economics
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 09 2025
0mins
"Remitly's financial model is built on a foundation of durable growth and compelling unit economics," said Vikas Mehta, CFO of Remitly. "Our new product portfolio creates meaningful opportunities for future growth, and we are committed to expanding margins through rigorous operating discipline while investing in innovation."
Get Free Real-Time Notifications for Any Stock
Monitor tickers like RELY with instant alerts to capture every critical market movement.
Sign up for free to build your custom watchlist and receive professional-grade stock notifications.
Analyst Views on RELY
Wall Street analysts forecast RELY stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for RELY is 22.67 USD with a low forecast of 17.00 USD and a high forecast of 28.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
5 Analyst Rating
5 Buy
0 Hold
0 Sell
Strong Buy
Current: 13.610
Low
17.00
Averages
22.67
High
28.00
Current: 13.610
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's Growth and Market Outlook Analysis
- Significant Revenue Growth: Remitly's revenue increased by 25% to $419.5 million, with a 35% rise in send volume to 19.5 million transactions, indicating a strategic shift to expand market share despite a lower take rate.
- Improved Profitability: The company reported a net income of $8.8 million in Q3, achieving profitability under GAAP, although margins remain minimal, highlighting ongoing challenges in cost management.
- Future Growth Expectations: At its Investor Day, Remitly forecasted high teens revenue growth for 2026, projecting revenues of $2.6 billion to $3 billion by 2028, implying a 20% compound annual growth rate over the next three years.
- Attractive Market Valuation: With a market cap of $2.9 billion, Remitly's stock trades at just 5 times its 2028 EBITDA forecast, suggesting potential for stock recovery if targets are met, making it an appealing option for investors.
Continue Reading
Remitly Rapidly Expands in the Remittance Market
- 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.
Continue Reading