Remitly Global (RELY) AI Stock Analysis

• Market Cap: $2.70B
• Dividend Yield: N/A
• Average Volume (3M): 4.50M
• Price to Earnings (P/E): 138.0
• Beta (1Y): 1.02
• 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: 209,045,930
• 10 Day Avg. Volume: 2,956,383
• 30 Day Avg. Volume: 4,499,339
• 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: 1.15
• Enterprise Value/Revenue: 2.01
• Enterprise Value/Gross Profit: 3.37
• Enterprise Value/Ebitda: 47.88
• 1Y Price Target: $24.20
• Price Target Upside: 87.16% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 7
• EPS Forecast (FY): 0.72
• Revenue Forecast (FY): $1.61B

• Rating: 66 Neutral
• Price Target: $13.50 ▲(4.41% Upside)

Remitly Global's strong financial performance and positive earnings call sentiment are key strengths, driving a solid stock score. However, technical indicators suggest bearish momentum, and high valuation metrics pose potential risks. Investors should monitor macroeconomic factors and operational efficiency improvements.

Positive Factors

Revenue Growth

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

Business Expansion

Expansion into new markets like the U.K. and Canada diversifies revenue streams and strengthens Remitly's competitive advantage in the remittance industry.

Product Innovation

Innovative products like Remitly One enhance service offerings, attracting new customers and retaining existing ones, which supports sustainable growth.

Negative Factors

Immigration Policy Risks

Restrictive immigration policies could limit customer acquisition, impacting growth potential in key markets and posing long-term challenges.

Take Rate Compression

Take rate compression may reduce profitability margins, affecting cash flow and financial health if not managed effectively over time.

Cash Flow Challenges

Negative free cash flow growth indicates potential liquidity issues, which could hinder investment in growth opportunities and operational flexibility.

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 demonstrates strong revenue growth and a solid balance sheet with low leverage. Profitability has improved, but there are still opportunities to enhance operational efficiency and cash flow generation. The company is on a positive trajectory, but attention to cash flow management is advised.

Income Statement

Remitly Global has shown consistent revenue growth, with a TTM growth rate of 5.68% and a strong gross profit margin of 59.17%. The company has transitioned from negative to positive net profit margins, indicating improved profitability. However, EBIT and EBITDA margins remain relatively low, suggesting room for operational efficiency improvements.

Balance Sheet

The balance sheet is strong, with a low debt-to-equity ratio of 0.042, indicating minimal leverage and financial risk. The return on equity has improved to 2.02%, reflecting better profitability. The equity ratio is healthy, showing a solid capital structure.

Cash Flow

Operating cash flow has improved significantly, with a positive coverage ratio of 1.04. However, free cash flow growth is negative, and the free cash flow to net income ratio is slightly below 1, indicating potential challenges in cash generation relative to net income.

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	918.56M	748.44M	532.65M	326.63M	221.47M	121.11M
EBITDA	64.72M	-8.96M	-96.47M	-104.95M	-31.20M	-26.15M
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	476.90M	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	193.47M	176.78M	-62.69M	-112.33M	-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	14.59M	238.20M	122.22M

Remitly Global Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 12.93
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For RELY, the sentiment is Neutral. The current price of 12.93 is above the 20-day moving average (MA) of 12.92, below the 50-day MA of 14.81, and below the 200-day MA of 18.65, indicating a neutral trend. The MACD of -0.55 indicates Negative momentum. The RSI at 45.37 is Neutral, neither overbought nor oversold. The STOCH value of 66.41 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for RELY.

Remitly Global Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
PAGS	80 Outperform	$3.19B	7.49	14.28%	1.25%	0.58%	5.76%
DLO	73 Outperform	$3.94B	25.88	32.78%	―	22.02%	12.42%
PAYO	69 Neutral	$2.04B	30.15	9.79%	―	10.58%	-45.52%
RELY	66 Neutral	$2.70B	137.99	2.94%	―	31.27%	―
AVPT	65 Neutral	$2.73B	―	0.58%	―	24.71%	99.52%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
STNE	51 Neutral	$4.55B	―	-7.53%	―	-25.51%	-139.31%

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.