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RELY logo

RELY Overview

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$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
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Intellectia

Loading chart...

High
21.175
Open
20.730
VWAP
20.91
Vol
7.11M
Mkt Cap
4.44B
Low
20.460
Amount
148.73M
EV/EBITDA(TTM)
21.95
Total Shares
210.56M
EV
3.66B
EV/OCF(TTM)
13.34
P/S(TTM)
2.57
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.
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Events Timeline

(ET)
2026-05-07
17:30:00
Remitly Global to Replace Apellis Pharmaceuticals
select
2026-05-06 (ET)
2026-05-06
17:00:00
Remitly Reports Q1 Revenue of $452.8M
select
2026-05-06
17:00:00
Year Over Year Growth in Net Income for Q2 2026 and Adjusted EBITDA Between $86 Million to $88 Million
select
2026-05-06
17:00:00
2026 Net Income and Adjusted EBITDA Growth to $370M to $385M
select

News

Fool
8.5
06-17Fool
Investment Choices in Digital Payments Sector
  • Mastercard's Market Position: Operating in over 200 countries, Mastercard processed transactions generating nearly $32.8 billion in revenue for FY 2025, reflecting a growth rate of approximately 16.4% and a net income of around $15 billion, underscoring its strong profitability and leadership in the digital payments sector.
  • Remitly's Growth Potential: Focusing on the international remittance market, Remitly achieved approximately $1.6 billion in revenue for FY 2025, marking a 29.4% increase and a first-time net income of about $67.9 million, with a net margin of 4.2%, indicating its competitive edge in the rapidly expanding digital remittance space.
  • Regulatory and Risk Challenges: Both companies face regulatory pressures, including potential caps on interchange fees and data localization mandates, with Mastercard's robust network effect providing relative safety in competition, while Remitly relies on global money transfer licenses and must navigate complex anti-money laundering laws.
  • Valuation Comparison: Mastercard's price-to-sales ratio stands at 13.5x, while Remitly's forward P/E is at 31.8x, highlighting significant differences in market valuations, prompting investors to consider their risk tolerance and return expectations when making investment decisions.
Fool
8.5
06-08Fool
Remitly's Global Remittance Business Sees Significant Growth
  • Significant User Growth: In the last quarter, Remitly attracted 9.6 million users who sent $22.1 billion, with year-over-year growth rates of 20%, 37%, and 25%, demonstrating its strong expansion capabilities in the international remittance market.
  • Revenue and Profitability Surge: The company reported nearly $453 million in quarterly revenue, with net income soaring 332% from $11.4 million to $49.1 million year-over-year, indicating the sustainability and profitability of its business model.
  • Technology-Driven Convenience: By integrating complex remittance processes into its app, Remitly has simplified user experience, achieving high ratings of 4.9 on Apple and 4.8 on Android, further solidifying its market position.
  • Optimistic Industry Outlook: The global remittance market is projected to grow at an average annual rate of 12.4% through 2031, positioning Remitly as a key player in this rapidly evolving sector as a new technology company.
NASDAQ.COM
9.5
06-08NASDAQ.COM
Remitly's Global Remittance Business Shows Significant Growth
  • Significant User Growth: In the last quarter, Remitly attracted 9.6 million users who sent $22.1 billion in cross-border remittances, achieving year-over-year growth rates of 20% and 37%, indicating strong potential in the international remittance market.
  • Revenue Surge: The company reported $453 million in revenue for the recent quarter, a 25% increase year-over-year, while its quarterly net income skyrocketed by 332%, rising from $11.4 million to $49.1 million, showcasing a substantial improvement in profitability.
  • Expansive Market Opportunity: With an estimated $200 billion in annual remittance demand from the U.S., Remitly is effectively capturing this market by simplifying the remittance process and reducing costs, as the global remittance industry is projected to grow at an annualized rate of 12.4%.
  • Analyst Optimism: All analysts covering Remitly rate it as a strong buy, with a consensus price target of $28.25, representing a 50% upside from the current stock price, reflecting confidence in its future growth prospects.
NASDAQ.COM
5.0
06-05NASDAQ.COM
Remitly Executive Sells 50,000 Shares for $1.17 Million
  • Executive Stock Sale: Ankur Sinha, Chief Product and Technology Officer of Remitly, sold 50,000 shares on May 14, 2026, for approximately $1.17 million at a weighted average price of $23.42 per share, representing a 3.83% reduction in his direct holdings, leaving him with 1,255,566 shares post-transaction.
  • Consistency in Trading Pattern: This sale aligns with Sinha's established pattern of periodic stock disposals, indicating that he still has sufficient share capacity following prior sales, which suggests his confidence in the company's future remains intact.
  • Market Performance and Competition: While Remitly has achieved strong growth and profits in Q1 2026 and is gaining market share against traditional money transfer companies like Western Union, its stock has experienced significant volatility, prompting investors to exercise caution.
  • Investor Focus: Although Sinha's stock sale may raise concerns, his status as a major shareholder means investors should focus more on the company's fundamentals and market performance rather than the actions of a single executive.
Fool
5.0
06-05Fool
Remitly Executive Sells Shares, Raises Investor Concerns
  • Executive Stock Sale: Remitly's Chief Product and Technology Officer, Ankur Sinha, sold 50,000 shares of common stock for approximately $1.17 million, indicating his liquidity management strategy within the company.
  • Shareholding Reduction: This transaction reduced Sinha's direct holdings by 3.83%, leaving him with 1,255,566 shares valued at about $29.27 million, confirming his status as a major shareholder.
  • Company Financial Overview: Remitly reported a revenue of $1.73 billion and a net income of $105.63 million in Q1 2026, maintaining growth despite fierce competition in the remittance market.
  • Investor Considerations: While Sinha's stock sale may raise concerns, his substantial remaining holdings suggest investors should focus on Remitly's overall market performance and competitive advantages in the international remittance sector.
Fool
9.5
06-03Fool
Remitly's Profitability Shows Significant Improvement
  • Profitability Shift: Remitly achieved positive adjusted EBITDA in 2023, marking a significant turnaround in profitability, with expectations to reach GAAP profitability by 2025, reflecting the success of its business model transformation.
  • Strong User Growth: From 2021 to 2025, Remitly's active customer base surged from 2.8 million to 9.3 million, while send volume skyrocketed from $20.4 billion to $74.9 billion, and annual revenue tripled from $459 million to $1.64 billion, indicating substantial market penetration.
  • Competitive Advantage: Despite fierce competition from Western Union and MoneyGram, Remitly maintains a last-mile advantage in cross-border payments through partnerships with banks and popular apps, strengthening its market position.
  • Future Growth Potential: Analysts project Remitly's revenue to grow at a 19% CAGR from 2025 to 2028, with adjusted EBITDA and GAAP EPS increasing at CAGRs of 30% and 54%, respectively, highlighting its robust growth prospects.
Wall Street analysts forecast RELY stock price to rise
5 Analyst Rating
Wall Street analysts forecast RELY stock price to rise
5 Buy
0 Hold
0 Sell
Strong Buy
Current: 0.000
sliders
Low
17.00
Averages
22.67
High
28.00
Current: 0.000
sliders
Low
17.00
Averages
22.67
High
28.00
Goldman Sachs
Will Nance
Buy
maintain
$20 -> $27
AI Analysis
2026-05-07
Reason
Goldman Sachs
Will Nance
Price Target
$20 -> $27
AI Analysis
2026-05-07
maintain
Buy
Reason
Goldman Sachs analyst Will Nance raised the firm's price target on Remitly Global to $27 from $20 and keeps a Buy rating on the shares.
Citizens
NULL -> Outperform
maintain
$22 -> $26
2026-05-07
Reason
Citizens
Price Target
$22 -> $26
2026-05-07
maintain
NULL -> Outperform
Reason
Citizens raised the firm's price target on Remitly Global to $26 from $22 and keeps an Outperform rating on the shares. Remitly delivered strong Q1 results with broad-based revenue and earnings upside driven by account growth, higher send volumes, and disciplined execution, while raising its 2026 outlook by more than the quarter's beat, reinforcing its position as a secular leader in digital remittances with improving capital generation, expanding product ambitions under new leadership, and continued investment-driven growth despite some back-end weighting in the forward guidance, the analyst tells investors in a research note.
Unlock Full Analyst Thesis, Get the complete breakdown of rating reason for RELY
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Valuation Metrics

The current forward P/E ratio for Remitly Global Inc (RELY.O) is 0.00, compared to its 5-year average forward P/E of 29.80. For a more detailed relative valuation and DCF analysis to assess Remitly Global Inc's fair value, Click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
N/A
5Y Average PE
29.80
Current PE
0.00
Overvalued PE
106.02
Undervalued PE
-46.41

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
N/A
5Y Average EV/EBITDA
13.20
Current EV/EBITDA
9.50
Overvalued EV/EBITDA
70.74
Undervalued EV/EBITDA
-44.33

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average PS
2.89
Current PS
1.88
Overvalued PS
4.59
Undervalued PS
1.18

Financials

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Whales Holding RELY

P
Prosus Ventures N.V.
Holding
RELY
+43.09%
3M Return
B
Brighton Jones LLC
Holding
RELY
+12.95%
3M Return
L
Lakewood Capital Management, LP
Holding
RELY
+4.17%
3M Return
A
ArrowMark Colorado Holdings, LLC
Holding
RELY
+4.11%
3M Return
G
Generation Investment Management LLP
Holding
RELY
-3.07%
3M Return

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Frequently Asked Questions

What is Remitly Global Inc (RELY) stock price today?

The current price of RELY is 21.1 USD — it has increased 3.28

What is Remitly Global Inc (RELY)'s business?

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.

What is the price predicton of RELY Stock?

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 is22.67 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.

What is Remitly Global Inc (RELY)'s revenue for the last quarter?

Remitly Global Inc revenue for the last quarter amounts to 452.80M USD, increased 25.21

What is Remitly Global Inc (RELY)'s earnings per share (EPS) for the last quarter?

Remitly Global Inc. EPS for the last quarter amounts to 0.23 USD, increased 360.00

How many employees does Remitly Global Inc (RELY). have?

Remitly Global Inc (RELY) has 3200 emplpoyees as of June 20 2026.

What is Remitly Global Inc (RELY) market cap?

Today RELY has the market capitalization of 4.44B USD.