Breakdown | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
---|---|---|---|---|---|
Income Statement | |||||
Total Revenue | 1.26B | 944.28M | 653.56M | 458.61M | 256.96M |
Gross Profit | 748.44M | 532.65M | 326.63M | 221.47M | 121.11M |
EBITDA | -8.96M | -96.47M | -104.95M | -31.20M | -25.12M |
Net Income | -36.98M | -117.84M | -114.02M | -38.76M | -32.56M |
Balance Sheet | |||||
Total Assets | 1.01B | 1.04B | 695.95M | 625.66M | 362.99M |
Cash, Cash Equivalents and Short-Term Investments | 368.10M | 323.71M | 300.63M | 403.26M | 186.69M |
Total Debt | 16.29M | 142.99M | 9.20M | 6.15M | 86.97M |
Total Liabilities | 347.40M | 506.97M | 215.87M | 145.34M | 186.61M |
Stockholders Equity | 665.47M | 529.34M | 480.09M | 480.33M | 176.38M |
Cash Flow | |||||
Free Cash Flow | 176.78M | -62.69M | -115.72M | -22.93M | -118.58M |
Operating Cash Flow | 194.49M | -53.59M | -108.66M | -18.39M | -114.21M |
Investing Cash Flow | -17.70M | -50.04M | -7.31M | -4.53M | -4.37M |
Financing Cash Flow | -127.44M | 126.65M | 11.07M | 238.20M | 122.22M |
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
---|---|---|---|---|---|---|---|
81 Outperform | $3.11B | 24.09 | 26.10% | ― | ― | ― | |
74 Outperform | $2.46B | 22.78 | 15.97% | ― | 14.86% | -0.94% | |
69 Neutral | $3.47B | ― | -0.71% | ― | 34.37% | 95.80% | |
65 Neutral | $3.98B | ― | -8.39% | ― | 21.70% | -67.95% | |
64 Neutral | $2.61B | 6.44 | 14.36% | 1.74% | 2.38% | 9.88% | |
63 Neutral | $34.60B | 5.43 | -11.64% | 2.14% | 5.30% | -18.55% | |
56 Neutral | $3.71B | 8.73 | -8.85% | ― | -14.03% | -167.03% |
On June 24, 2025, Remitly Global entered into a new Credit Agreement with JPMorgan Chase Bank, replacing its previous credit agreement from 2021. The new agreement establishes a $550 million secured revolving credit facility, aimed at supporting the prefunding of customer flows in Remitly’s global remittance business and general corporate purposes. The facility is secured by a first priority lien on the assets of Remitly and its subsidiaries, with interest rates based on various SOFR rates or an alternate base rate. The agreement includes customary covenants and a leverage ratio requirement, indicating a strategic move to strengthen financial operations.
The most recent analyst rating on (RELY) stock is a Buy with a $21.00 price target. To see the full list of analyst forecasts on Remitly Global stock, see the RELY Stock Forecast page.
On June 11, 2025, Remitly Global, Inc. held its 2025 Annual Meeting of Stockholders, where three key proposals were voted on and approved. The election of directors for terms expiring in 2028, the advisory vote on executive compensation, and the ratification of PricewaterhouseCoopers LLP as the independent registered public accounting firm were all passed. Additionally, CEO Matthew Oppenheimer declined an equity compensation award to prioritize employee and executive performance awards and address stockholder concerns about dilution.
The most recent analyst rating on (RELY) stock is a Buy with a $21.00 price target. To see the full list of analyst forecasts on Remitly Global stock, see the RELY Stock Forecast page.
On May 7, 2025, Remitly Global reported its first quarter 2025 financial results, showcasing a significant increase in send volume and revenue, with net income reaching $11.4 million. The company exceeded its expectations for the quarter, leading to an upward revision of its full-year 2025 outlook for both revenue and Adjusted EBITDA. This performance underscores the growing trust of its customers and the company’s ability to scale efficiently, which has positive implications for its market positioning and stakeholder confidence.