Remitly Global (RELY) AI Stock Analysis

• Market Cap: $3.06B
• Dividend Yield: N/A
• Average Volume (3M): 3.66M
• Price to Earnings (P/E): 154.0
• Beta (1Y): 1.04
• 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: 3,854,725
• 30 Day Avg. Volume: 3,655,818
• 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: 1.01
• Enterprise Value/Revenue: 2.01
• Enterprise Value/Gross Profit: 3.37
• Enterprise Value/Ebitda: 47.88
• 1Y Price Target: $23.00
• Price Target Upside: 57.32% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 5
• EPS Forecast (FY): 0.72
• Revenue Forecast (FY): $1.62B

• Rating: 66 Neutral
• Price Target: $13.50 ▼(-7.66% Downside)

Remitly Global's strong financial performance and positive earnings call sentiment are offset by high valuation concerns and bearish technical indicators. The company's growth trajectory is promising, but investors should be cautious of external risks and high valuation.

Positive Factors

Revenue Growth

Consistent revenue growth indicates strong market demand and effective business strategies, enhancing long-term financial stability.

Product Innovation

Innovative products like Remitly One can drive customer engagement and open new revenue streams, supporting sustained growth.

Financial Model

A robust financial model with strong unit economics supports long-term profitability and competitive advantage in the fintech sector.

Negative Factors

Immigration Headwinds

Changes in immigration policies can impact customer growth, affecting revenue potential and market expansion opportunities.

Take Rate Compression

Take rate compression may reduce profitability margins, challenging the company's ability to maintain its financial performance.

Cash Flow Challenges

Negative free cash flow growth can limit investment capacity and operational flexibility, impacting long-term financial health.

Remitly Global Business Overview & Revenue Model

Company Description

Remitly Global (RELY) is a financial technology company that specializes in digital remittances, enabling individuals to send money internationally with ease and security. The company primarily caters to immigrants and expatriates, allowing them to transfer funds to their home countries efficiently. Remitly operates in the fintech sector, focusing on providing fast, affordable, and reliable money transfer services through its digital platform, including mobile applications and online services.

How the Company Makes Money

Remitly generates revenue primarily through transaction fees charged on money transfers. The company offers different pricing tiers based on the speed of the transfer and the payment method selected by the sender. For instance, customers can choose to send money instantly for a higher fee or opt for a more economical option that may take longer. Additionally, Remitly earns revenue from foreign exchange spreads when converting currencies, which is an integral part of their service. The company has established partnerships with various financial institutions and payment networks, enhancing its ability to facilitate transfers and broaden its customer base, which contributes to its earnings. Furthermore, Remitly may explore monetization opportunities through value-added services such as bill payments and mobile top-ups.

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: Positive
• Last Price: 14.62
• 50DMA: Positive
• 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 Positive. The current price of 14.62 is above the 20-day moving average (MA) of 13.90, above the 50-day MA of 14.38, and below the 200-day MA of 18.05, indicating a neutral trend. The MACD of 0.18 indicates Negative momentum. The RSI at 56.44 is Neutral, neither overbought nor oversold. The STOCH value of 44.22 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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	7.55	14.28%	1.41%	0.58%	5.76%
DLO	73 Outperform	$4.23B	28.11	32.78%	―	22.02%	12.42%
PAYO	69 Neutral	$2.07B	30.47	9.79%	―	10.58%	-45.52%
RELY	66 Neutral	$3.06B	154.00	2.94%	―	31.27%	―
AVPT	65 Neutral	$2.94B	-1,496.70	0.58%	―	24.71%	99.52%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
STNE	51 Neutral	$3.84B	-28.75	-7.53%	―	-25.51%	-139.31%

Remitly Global Corporate Events

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.