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Remitly Global ( (RELY) ) has issued an announcement.
Remitly Global reported record results for the first quarter ended March 31, 2026, with active customers rising 20% year over year to 9.6 million and send volume climbing 37% to $22.1 billion. Revenue grew 25% to $452.8 million, while net income surged 332% to $49.1 million and Adjusted EBITDA increased 74% to $101.6 million, reflecting strong operating leverage from cost discipline, scale and AI-driven efficiencies.
Management highlighted that robust performance across major corridors and faster product innovation are driving momentum and accelerating user growth, underscoring the company’s strengthening position in the digital remittance market. On May 6, 2026, Remitly shared these first-quarter results and an accompanying investor presentation, signaling improved profitability and operational efficiency that are likely to be closely watched by investors and other stakeholders.
The most recent analyst rating on (RELY) stock is a Buy with a $23.00 price target. To see the full list of analyst forecasts on Remitly Global stock, see the RELY Stock Forecast page.
Spark’s Take on RELY Stock
According to Spark, TipRanks’ AI Analyst, RELY is a Outperform.
The score is driven primarily by improving fundamentals (profitability and strong free cash flow) and upbeat 2026 guidance supporting continued profitable growth. Offsetting factors include stretched valuation (P/E ~41.8) and technically overbought signals that raise near-term risk despite a strong uptrend.
To see Spark’s full report on RELY stock, click here.
More about Remitly Global
Remitly Global, Inc. is a Nasdaq-listed provider of cross-border financial services focused on digital remittances and related products for migrants and their families. The company emphasizes technology-driven innovation, including AI-enabled efficiencies, to scale its platform, deepen customer trust and expand usage across key international money transfer corridors.
Average Trading Volume: 3,833,749
Technical Sentiment Signal: Buy
Current Market Cap: $5.01B
See more insights into RELY stock on TipRanks’ Stock Analysis page.