Remitly Global (RELY)
NASDAQ:RELY
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Remitly Global
(NASDAQ:RELY)
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Rating:65Neutral
Price Target:
$16.50
▲(1.79% Upside)
Action:ReiteratedDate:02/19/26
The score is driven primarily by improving fundamentals and strong 2025 cash generation, reinforced by confident 2026 profitability guidance. Offsetting factors are a weaker technical trend and a very high P/E with no dividend support, which increases sensitivity to the guided growth deceleration and margin normalization risks.
Positive Factors
Scale and GAAP profitability
Remitly reached material scale in 2025 with $1.635B revenue and its first full-year GAAP profit. Durable scale improves bargaining with partners, funds product investment, and supports operating leverage, making profitable cross-border remittances a sustainable core business driver.
Negative Factors
Revenue growth deceleration
Management guided materially slower top-line growth for 2026, implying a step-down from 2025 momentum. Persistently lower growth reduces operating leverage upside and raises execution demands on product expansion and retention to sustain margin and cash-flow trajectories over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Scale and GAAP profitability
Remitly reached material scale in 2025 with $1.635B revenue and its first full-year GAAP profit. Durable scale improves bargaining with partners, funds product investment, and supports operating leverage, making profitable cross-border remittances a sustainable core business driver.
Read all positive factors
Remitly Global (RELY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$3.37B
Dividend YieldN/A
Average Volume (3M)3.57M
Price to Earnings (P/E)41.8
Beta (1Y)1.10
Revenue Growth31.27%
EPS GrowthN/A
CountryUS
Employees2,800
SectorTechnology
Sector Strength88
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)0.19
Shares Outstanding210,654,390
10 Day Avg. Volume2,885,658
30 Day Avg. Volume3,570,963
Financial Highlights & Ratios
PEG Ratio-0.15
Price to Book (P/B)3.27
Price to Sales (P/S)1.74
P/FCF Ratio9.61
Enterprise Value/Market Cap0.90
Enterprise Value/Revenue1.87
Enterprise Value/Gross Profit3.14
Enterprise Value/Ebitda28.10
Forecast
1Y Price Target
$19.33Price Target Upside19.25% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering7
EPS Forecast (FY)0.52
Revenue Forecast (FY)$1.95B
Remitly Global Business Overview & Revenue Model
Company Description
Remitly Global, Inc. provides digital financial services for immigrants and their families. It primarily offers cross-border remittance services in approximately 150 countries. The company was incorporated in 2011 and is headquartered in Seattle, ...
How the Company Makes Money
Remitly primarily makes money from fees and foreign-exchange (FX) revenue generated on remittance transactions processed through its platform. (1) Transaction fees: For many transfers, Remitly charges the sender an upfront service fee that can var...
Remitly Global Key Performance Indicators (KPIs)
Any
Active Customers
Reflects the number of individuals using Remitly's services, indicating customer base size, engagement, and potential for revenue growth through increased transactions.
Reflects the number of individuals using Remitly's services, indicating customer base size, engagement, and potential for revenue growth through increased transactions.
Data provided by:
The Fly
The FlyRemitly Global Earnings Call Summary
Earnings Call Date:Feb 18, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 06, 2026
Earnings Call Sentiment Positive
The earnings call presented a strong set of financial and operational results: double-digit revenue growth (29% in 2025), record adjusted EBITDA and GAAP profitability, substantial free cash flow improvement, pronounced efficiency gains from AI, and clear early traction for new products. Management provided constructive guidance for 2026 with continued profitability and buyback emphasis, while outlining a credible medium-term plan ($3B revenue, $600M adjusted EBITDA by 2028). Key risks highlighted include a planned but inevitable revenue growth deceleration in 2026 versus 2025, concentration toward higher-value senders, the early-stage contribution of new products, and potential volatility in transaction loss rates as exceptional Q4 performance normalizes. Overall, the positives — sizable margin expansion, GAAP profitability, cash generation, AI-driven improvements, and tangible product traction — outweigh the manageable execution and market risks discussed.Positive Updates
Record Full-Year Revenue and Growth
Full-year 2025 revenue of $1.635 billion, up 29% year-over-year, with quarterly momentum: Q4 revenue $442 million, up 26% year-over-year.
Negative Updates
Slower Top-Line Growth Implied for 2026
Full-year 2026 revenue guidance implies growth of 19–20%, down from 29% in 2025, indicating a deceleration in revenue growth despite continued profitability.
Read all updates
Q4-2025 Updates
Positive
Negative
Record Full-Year Revenue and Growth
Full-year 2025 revenue of $1.635 billion, up 29% year-over-year, with quarterly momentum: Q4 revenue $442 million, up 26% year-over-year.
Read all positive updates
Company Guidance
Remitly guided Q1 2026 revenue of $436–$438M (≈21% YoY) with adjusted EBITDA of $82–$84M (~19% margin), and full‑year 2026 revenue of $1.94–$1.96B (19–20% growth) with adjusted EBITDA of $340–$360M (~18% margin). Management said RLTE margins should be broadly in line with 2025 (Q4 RLTE was 69% and RLTE dollars were $305M, +30% YoY) while assuming a normalized provision for transaction losses in the 9–13 bps historical range (Q4 was a record low 7.3 bps / $15M). They expect send volume growth to exceed revenue growth, revenue to outpace quarterly active user growth, send‑volume per active user to rise mid‑ to high‑single digits, and new‑product revenue to more than double in 2026 (new products were slightly >1% of revenue in 2025 and are targeted to be 5–10% by 2028). The company also reiterated it expects positive GAAP net income each quarter in 2026, strong YoY GAAP net income and free cash flow growth (FCF was $283M in 2025, ~3x prior year), plans to increase share repurchases (2025 buybacks $23.9M under a $200M authorization), and is keeping Q1 marketing per QAU roughly flat while maintaining LTV/CAC ≈6x, payback <12 months and improving dilution metrics (stock‑based comp ~9.5% of revenue, dilution ~5%, net burn ~2.9%).Remitly Global Financial Statement Overview
Summary
Income Statement
67
Positive
Balance Sheet
72
Positive
Cash Flow
78
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.64B | 1.26B | 944.28M | 653.56M | 458.61M |
| Gross Profit | 934.37M | 748.44M | 532.65M | 326.63M | 221.47M |
| EBITDA | 104.27M | -8.96M | -96.47M | -104.95M | -31.20M |
| Net Income | 67.93M | -36.98M | -117.84M | -114.02M | -38.76M |
Balance Sheet | |||||
| Total Assets | 1.46B | 1.01B | 1.04B | 695.95M | 625.66M |
| Cash, Cash Equivalents and Short-Term Investments | 828.88M | 368.10M | 323.71M | 300.63M | 403.26M |
| Total Debt | 220.26M | 16.29M | 142.99M | 9.20M | 6.15M |
| Total Liabilities | 589.92M | 347.40M | 506.97M | 215.87M | 145.34M |
| Stockholders Equity | 868.79M | 665.47M | 529.34M | 480.09M | 480.33M |
Cash Flow | |||||
| Free Cash Flow | 295.65M | 176.78M | -62.69M | -112.33M | -22.93M |
| Operating Cash Flow | 325.08M | 194.49M | -53.59M | -108.66M | -18.39M |
| Investing Cash Flow | -69.93M | -17.70M | -50.04M | -7.31M | -4.53M |
| Financing Cash Flow | -89.78M | -127.44M | 126.65M | 14.59M | 238.20M |
Remitly Global Technical Analysis
Positive
16.21
Price Trends
15.24
Positive
14.42
Positive
15.91
Positive
Market Momentum
0.09
Positive
52.96
Neutral
68.76
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For RELY, the sentiment is Positive. The current price of 16.21 is above the 20-day moving average (MA) of 15.84, above the 50-day MA of 15.24, and above the 200-day MA of 15.91, indicating a bullish trend. The MACD of 0.09 indicates Positive momentum. The RSI at 52.96 is Neutral, neither overbought nor oversold. The STOCH value of 68.76 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for RELY.
Remitly Global Risk Analysis
Remitly Global disclosed 67 risk factors in its most recent earnings report. Remitly Global reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Remitly Global Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | $3.76B | 18.77 | 38.09% | ― | 22.02% | 12.42% | |
71 Outperform | $1.66B | 27.73 | 9.84% | ― | 10.58% | -45.52% | |
66 Neutral | $2.16B | 82.10 | 7.96% | ― | 24.71% | 99.52% | |
65 Neutral | $3.37B | 41.81 | 8.61% | ― | 31.27% | ― | |
64 Neutral | $3.07B | 7.50 | 14.40% | 1.40% | 0.58% | 5.76% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
50 Neutral | $3.74B | 9.31 | 19.67% | ― | -25.51% | -139.31% |
* Technology Sector Average
RELY
Remitly Global
16.02
-2.63
-14.10%
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Pagseguro Digital
10.54
3.32
46.06%
STNE
Stoneco
13.82
3.39
32.50%
AVPT
AvePoint
10.01
-3.44
-25.58%
PAYO
Payoneer
4.81
-1.09
-18.47%
DLO
DLocal
12.74
5.23
69.64%
Remitly Global Corporate Events
Executive/Board Changes
Remitly Announces Planned Chief Accounting Officer Transition
Neutral
Mar 20, 2026
On March 17, 2026, Remitly Global, Inc. announced that Chief Accounting Officer Luke Tavis will retire from that role effective March 31, 2026, while remaining Vice President, Accounting, until June 2026 to ensure an orderly transition, with the c...
Business Operations and StrategyExecutive/Board ChangesFinancial Disclosures
Remitly Global appoints new CEO amid leadership transition
Positive
Feb 18, 2026
On February 18, 2026, Remitly Global, Inc. announced that Sebastian J. Gunningham will become chief executive officer and join the board on February 19, 2026, succeeding co-founder Matt Oppenheimer after nearly 15 years at the helm. Oppenheimer wi...
Business Operations and StrategyExecutive/Board ChangesFinancial Disclosures
Remitly Delivers First Profitable Year and Leadership Transition
Positive
Feb 18, 2026
On February 18, 2026, Remitly reported fourth-quarter and full-year 2025 results that exceeded its prior outlook, marking its first full year of GAAP profitability and underscoring momentum in its cross-border financial services platform. For the ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.