Remitly Global (RELY) AI Stock Analysis

• Market Cap: $3.39B
• Dividend Yield: N/A
• Average Volume (3M): 3.00M
• Price to Earnings (P/E): 197.3
• Beta (1Y): 0.94
• Revenue Growth: 31.27%
• EPS Growth: N/A
• Country: US
• Employees: 2,800
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Infrastructure
• EPS (TTM): 0.22
• Shares Outstanding: 206,193,220
• 10 Day Avg. Volume: 3,411,638
• 30 Day Avg. Volume: 2,997,464
• PEG Ratio: 1.68
• Price to Book (P/B): 6.60
• Price to Sales (P/S): 3.48
• P/FCF Ratio: 24.85
• Enterprise Value/Market Cap: 0.00
• Enterprise Value/Revenue: 0.00
• Enterprise Value/Gross Profit: 0.00
• Enterprise Value/Ebitda: 0.00
• 1Y Price Target: $24.20
• Price Target Upside: 96.59% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 7
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 59 Neutral
• Price Target: $13.00 ▲(5.61% Upside)

Remitly Global's overall stock score is primarily driven by strong financial performance and positive earnings call sentiment, indicating robust revenue growth and operational efficiency. However, the stock's weak technical indicators and high valuation suggest caution. The absence of a dividend yield and potential external risks, such as immigration policies, also weigh on the score.

Positive Factors

Revenue Growth

Strong revenue growth indicates robust demand for Remitly's services and effective market penetration, supporting long-term business expansion.

Cash Flow Management

Efficient cash flow management enhances financial stability and provides the flexibility to invest in growth opportunities and innovation.

Product Innovation

New product innovations like Remitly One expand service offerings, potentially increasing customer engagement and market share.

Negative Factors

Immigration Policy Risks

Changes in immigration policies can impact customer acquisition, affecting Remitly's growth in key markets where it relies on immigrant customers.

Profit Margin Concerns

Low net profit margins suggest limited profitability, which may restrict the company's ability to reinvest in business growth and innovation.

Take Rate Compression

Compression in take rates could pressure revenue growth and profitability, challenging Remitly's ability to maintain its competitive pricing strategy.

Remitly Global Business Overview & Revenue Model

Company Description

Remitly Global (RELY) is a leading digital remittance service provider that enables individuals to send money across borders quickly and securely. Operating primarily in the financial technology sector, Remitly focuses on serving immigrants and their families by offering affordable and efficient money transfer services. Key products include international money transfers, mobile payments, and financial services that facilitate payments, bill payments, and offer customers access to savings and credit.

How the Company Makes Money

Remitly makes money primarily through transaction fees charged to customers for sending money internationally. The company has a tiered pricing model where fees can vary based on factors such as the sending amount, destination country, and payment method (e.g., bank transfer, debit card, or credit card). Additionally, Remitly earns revenue from foreign exchange spreads, where they charge a markup on the exchange rate when converting currencies. Strategic partnerships with banks and local payment providers enhance their service offerings and expand their reach, contributing to customer acquisition and retention. Furthermore, Remitly's subscription-based services, which provide users with benefits like reduced fees or enhanced features, also serve as a significant revenue stream.

Remitly Global Financial Statement Overview

Summary

Remitly Global exhibits strong revenue growth and efficient cash flow management, supported by a solid balance sheet with low leverage. While profitability margins are improving, there remains potential for further enhancement. The company's financial health is stable, with a positive trajectory in operational performance and cash generation.

Income Statement

Remitly Global has shown a positive revenue growth trend with a TTM growth rate of 7.77%, indicating strong sales momentum. The gross profit margin remains healthy at 59.17%, reflecting efficient cost management. However, the net profit margin is low at 0.96%, suggesting limited profitability after expenses. The EBIT and EBITDA margins have improved to 2.34% and 3.83% respectively, showing operational improvements but still indicating room for further profitability enhancements.

Balance Sheet

The company maintains a strong balance sheet with a low debt-to-equity ratio of 0.042, indicating minimal leverage and financial risk. The return on equity is modest at 2.02%, suggesting moderate efficiency in generating returns from equity. The equity ratio stands at 65.61%, highlighting a solid capital structure with a significant portion of assets financed by equity.

Cash Flow

Remitly Global has demonstrated robust cash flow performance with a positive free cash flow growth rate of 3.80% TTM. The operating cash flow to net income ratio is strong at 1.04, indicating effective cash generation relative to net income. The free cash flow to net income ratio is also high at 0.98, reflecting efficient conversion of earnings into cash.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.54B	1.26B	944.28M	653.56M	458.61M	256.96M
Gross Profit	672.18M	748.44M	532.65M	326.63M	221.47M	121.11M
EBITDA	63.53M	-8.96M	-96.47M	-104.95M	-31.20M	-25.12M
Net Income	20.99M	-36.98M	-117.84M	-114.02M	-38.76M	-32.56M
Balance Sheet
Total Assets	1.21B	1.01B	1.04B	695.95M	625.66M	362.99M
Cash, Cash Equivalents and Short-Term Investments	784.41M	368.10M	323.71M	300.63M	403.26M	186.69M
Total Debt	35.49M	16.29M	142.99M	9.20M	6.15M	86.97M
Total Liabilities	416.52M	347.40M	506.97M	215.87M	145.34M	186.61M
Stockholders Equity	797.17M	665.47M	529.34M	480.09M	480.33M	176.38M
Cash Flow
Free Cash Flow	202.81M	176.78M	-62.69M	-115.72M	-22.93M	-118.58M
Operating Cash Flow	231.10M	194.49M	-53.59M	-108.66M	-18.39M	-114.21M
Investing Cash Flow	-56.80M	-17.70M	-50.04M	-7.31M	-4.53M	-4.37M
Financing Cash Flow	-22.24M	-127.44M	126.65M	11.07M	238.20M	122.22M

Remitly Global Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 12.31
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For RELY, the sentiment is Negative. The current price of 12.31 is below the 20-day moving average (MA) of 15.79, below the 50-day MA of 16.70, and below the 200-day MA of 19.67, indicating a bearish trend. The MACD of -0.59 indicates Positive momentum. The RSI at 28.67 is Positive, neither overbought nor oversold. The STOCH value of 17.16 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for RELY.

Remitly Global Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
DLO	77 Outperform	$4.23B	26.79	32.78%	―	22.02%	12.42%
PAYO	73 Outperform	$1.97B	27.78	9.79%	―	10.58%	-45.52%
PAGS	68 Neutral	$3.17B	7.74	14.59%	1.47%	0.09%	5.38%
AVPT	62 Neutral	$3.03B	―	-2.60%	―	24.41%	40.20%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
RELY	59 Neutral	$3.39B	197.28	2.94%	―	31.27%	―
STNE	53 Neutral	$5.17B	―	-8.77%	―	-20.82%	-154.29%

Remitly Global Corporate Events

Remitly Global, Inc. Reports Robust Q3 Earnings

Remitly Global, Inc. recently held its earnings call, revealing a positive sentiment driven by strong revenue growth and profitability. The company showcased significant expansion in business operations and the introduction of new products. However, there were concerns about external factors, such as immigration policies, which might impact future growth.

Remitly Global Reports Strong Q3 2025 Results

Remitly Global, Inc. is a digital financial services company specializing in cross-border payments, providing a fast, reliable, and transparent money transfer experience to customers in over 170 countries. In its third quarter of 2025, Remitly reported financial results that exceeded expectations, with significant growth in send volume and revenue. The company achieved a net income of $8.8 million and an Adjusted EBITDA of $61.2 million, reflecting a strong focus on sustainable and profitable growth.

Remitly Global Reports Strong Q3 2025 Financial Results

Remitly Global reported strong financial results for the third quarter of 2025, with a 35% increase in send volume and a 25% rise in revenue compared to the previous year. The company’s net income reached $8.8 million, and Adjusted EBITDA was $61.2 million, reflecting its focus on efficient execution and innovation. Remitly has raised its full-year 2025 revenue and Adjusted EBITDA outlook, anticipating continued growth and profitability.

The most recent analyst rating on (RELY) stock is a Hold with a $18.00 price target. To see the full list of analyst forecasts on Remitly Global stock, see the RELY Stock Forecast page.

Remitly Global’s Earnings Call Highlights Robust Growth and Innovation

The recent earnings call for Remitly Global, Inc. was overwhelmingly positive, showcasing significant growth in revenue and send volume, alongside successful product innovations. Despite a notable fraud incident, the company demonstrated strong financial performance and strategic advancements in stablecoin and AI technologies, reflecting a robust and optimistic outlook.

Remitly Global Exceeds Q2 Expectations, Raises 2025 Outlook

Remitly Global, Inc. is a digital financial services company specializing in cross-border payments, offering a reliable and transparent money movement experience to customers in over 170 countries.