Remitly Global, Inc. – NASDAQ:RELY

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$18.75

-4.05

-17.76%

Market closed

Open in about 7 hours

+74.31%

month

+74.31%

quarter

+18.01%

year

Market Cap	4.45B
Enterprise value	2.63B

P/E	-24.93
EV/Sales	4.03
EV/EBITDA	-25.11
Price/Sales	4.47
Price/Book	6.09
PEG ratio	3.98
EPS	-0.61

Revenue	1.00B
EBITDA	-90.31M
Income	-110.60M
Revenue Q/Q	32.00%
Revenue Y/Y	39.93%

Profit margin	-17.45%
Oper. margin	-18.52%
Gross margin	34.69%
EBIT margin	-18.52%
EBITDA margin	-8.95%

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10 years history
Forward ratios (Analysts estimates)

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Remitly Global Stock Forecast

M Q Y

Last Year

$25

Potential upside: 33.33%

Analysts Price target
Financials & Ratios estimates

Remitly Global, Inc. (NASDAQ:RELY): Profit margin
Jun 2023	234.03M	-18.85M	-8.05%
Sep 2023	241.62M	-35.65M	-14.76%
Dec 2023	264.75M	-35.02M	-13.23%
Mar 2024	269.11M	-21.08M	-7.83%

Remitly Global, Inc. (NASDAQ:RELY): Earnings per share (EPS)
2022-08-03	-0.41984	-0.23
2022-11-02	-0.28986	-0.2
2023-02-22	-0.08581	-0.11

Remitly Global, Inc. (NASDAQ:RELY): Debt to assets
Jun 2023	784527000	268.79M	34.26%
Sep 2023	832750000	306.95M	36.86%
Dec 2023	1036306000	506.96M	48.92%
Mar 2024	1079201000	529.84M	49.1%

Remitly Global, Inc. (NASDAQ:RELY): Cash Flow
Jun 2023	-51.9M	-1.75M	36.79M
Sep 2023	32.34M	-2.60M	-32.67M
Dec 2023	-34.46M	-2.58M	136.17M
Mar 2024	-56.80M	-4.31M	26.12M

Remitly Global alternative data

Remitly Global
Employees

Remitly Global, Inc. (NASDAQ:RELY): Employee count
Aug 2023	2,700
Sep 2023	2,700
Oct 2023	2,700
Nov 2023	2,700
Dec 2023	2,700
Jan 2024	2,700
Feb 2024	2,700
Mar 2024	2,700
Apr 2024	2,700
May 2024	2,700
Jun 2024	2,700
Jul 2024	2,700

Remitly Global
Hedge Funds Holdings Q1 2023

57.77% -8.99%

of RELY is owned by hedge funds

96 -40

hedge funds hold RELY stock

96.92M -15.64M

shares is hold by hedge funds

RELY hedge funds holdings changes

Remitly Global
Insider Trading

Remitly Global, Inc. (NASDAQ:RELY): Insider trades (number of shares)
Period	Buy	Sel
Dec 2023	0	46883
Jan 2024	0	35832
Feb 2024	0	41996
Mar 2024	0	173486
Apr 2024	0	115832
May 2024	0	35832
Aug 2024	0	22018
Oct 2024	0	50535
Nov 2024	0	138984

Transaction	Date	Insider	Security	Shares	Price per share	Total value
Sale	26 Nov 2024	HUG JOSHUA director, officer: Vice Chair director, officer: Vice Chair	Common Stock	22,198	$20.62	$457,723
Option	25 Nov 2024	HUG JOSHUA director, officer: Vice Chair director, officer: Vice Chair	Common Stock	27,625	N/A	N/A
Option	25 Nov 2024	HUG JOSHUA director, officer: Vice Chair director, officer: Vice Chair	Common Stock	8,977	N/A	N/A
Option	25 Nov 2024	HUG JOSHUA director, officer: Vice Chair director, officer: Vice Chair	Restricted Stock Units (RSUs)	27,625	N/A	N/A
Option	25 Nov 2024	HUG JOSHUA director, officer: Vice Chair director, officer: Vice Chair	Restricted Stock Units (RSUs)	8,977	N/A	N/A
Option	25 Nov 2024	YOAKUM RENE officer: EVP, Customer and Culture officer: EVP, Customer and Cult..	Common Stock	22,451	N/A	N/A
Option	25 Nov 2024	YOAKUM RENE officer: EVP, Customer and Culture officer: EVP, Customer and Cult..	Common Stock	11,666	N/A	N/A
Option	25 Nov 2024	YOAKUM RENE officer: EVP, Customer and Culture officer: EVP, Customer and Cult..	Restricted Stock Units (RSUs)	22,451	N/A	N/A
Option	25 Nov 2024	YOAKUM RENE officer: EVP, Customer and Culture officer: EVP, Customer and Cult..	Restricted Stock Units (RSUs)	11,666	N/A	N/A
Option	25 Nov 2024	RIESE PHILLIP JOHN director director	Common Stock	1,219	N/A	N/A

RELY insider trading transactions

Remitly Global
Earnings Call Transcripts

Quarter	Transcript
Q1 2024 1 May 2024	Q1 2024 Earnings Call Transcript
Q4 2023 24 Feb 2024	Q4 2023 Earnings Call Transcript
Q3 2023 1 Nov 2023	Q3 2023 Earnings Call Transcript
Q2 2023 2 Aug 2023	Q2 2023 Earnings Call Transcript

RELY earnings call transcripts

Remitly Global
Executives

Insider	Age	Compensation
Mr. Joshua Hug (1979) Co-Founder, Chief Operating Officer & Director	46	$295,270
Ms. Susanna Morgan (1969) Chief Financial Officer	56	$289,160
Mr. Matthew B. Oppenheimer (1983) Co-Founder, Chief Executive Officer, Pres & Director	42	$284,730

Remitly Global
Latest News

Friday, 13 December 2024
20:30	KBW Announces Index Rebalancing for Fourth-Quarter 2024	globenewswire.com
Tuesday, 3 December 2024
04:28	The Smartest Growth Stock to Buy With $25 Right Now	fool.com
Monday, 25 November 2024
16:05	Remitly to Present at the 2024 Wells Fargo TMT Summit	globenewswire.com
Friday, 1 November 2024
17:52	Remitly Global Stock Was Soaring This Week: Here's Why	fool.com
07:16	3 Stocks Well Below 52-Week Highs With Strong Growth Projections	marketbeat.com
Thursday, 31 October 2024
12:38	Why Remitly Global Stock Popped Today	fool.com
Wednesday, 30 October 2024
23:15	Remitly Global, Inc. (RELY) Q3 2024 Earnings Call Transcript	seekingalpha.com
19:10	Remitly Global, Inc. (RELY) Q3 Earnings and Revenues Surpass Estimates	zacks.com
16:48	Remitly stock spikes 19% after first profitable quarter; revenue up 39%	geekwire.com
16:05	Remitly Reports Third Quarter 2024 Results and Raises Full Year 2024 Outlook	globenewswire.com
Sunday, 20 October 2024
02:32	Remitly stock has multiple catalysts and could surge soon	invezz.com
Monday, 23 September 2024
06:30	Got $100? Add These 2 Monster Growth Stocks to Your Portfolio.	fool.com
Wednesday, 4 September 2024
08:55	Remitly to Present at the 2024 Goldman Sachs Communacopia + Technology Conference	globenewswire.com
Wednesday, 21 August 2024
10:55	Wall Street Analysts See a 54.39% Upside in Remitly Global (RELY): Can the Stock Really Move This High?	zacks.com
Monday, 5 August 2024
11:01	Wall Street Analysts Think Remitly Global (RELY) Could Surge 74.37%: Read This Before Placing a Bet	zacks.com
Wednesday, 31 July 2024
22:27	Remitly Global, Inc. (RELY) Q2 2024 Earnings Call Transcript	seekingalpha.com
19:10	Remitly Global, Inc. (RELY) Reports Q2 Loss, Tops Revenue Estimates	zacks.com
18:00	Remitly Announces CFO Transition Plan	globenewswire.com
16:05	Remitly Reports Second Quarter 2024 Results	globenewswire.com
Friday, 19 July 2024
16:05	Remitly to Report Second Quarter Financial Results on Wednesday, July 31, 2024	globenewswire.com
Monday, 1 July 2024
11:00	Shareholders Of Remitly Global Inc Are Urged To Communicate As The Schall Law Firm Is Embarking On A Review Of Claims Against It	accesswire.com
Sunday, 30 June 2024
11:00	Shareholders Of Remitly Global Inc Are Called To Connect As The Schall Law Firm Is Launching An Inquiry Into Charges Against It	accesswire.com
Saturday, 29 June 2024
11:00	Shareholders Of Remitly Global Inc Are Invited To Reach Out As The Schall Law Firm Is Scrutinizing Accusations Against It	accesswire.com
Friday, 28 June 2024
16:50	Remitly Global: Solid Macro Tailwinds And Track Record Of Growth	seekingalpha.com
11:00	Shareholders Of Remitly Global Inc Are Encouraged To Initiate Contact As The Schall Law Firm Is Probing Allegations Against It	accesswire.com
Thursday, 27 June 2024
13:45	Shareholders Of Remitly Global Inc Are Encouraged To Initiate Contact As The Schall Law Firm Is Probing Allegations Against It	accesswire.com
07:00	3 Out-Of-Favor Fintech Stocks Primed for a Massive Bull Run	investorplace.com
Wednesday, 26 June 2024
14:00	Shareholders Of Remitly Global Inc Are Urged To Establish Communication As The Schall Law Firm Is Investigating Claims Against It	accesswire.com
13:55	Treasure Hunt: 7 Growth Stocks Wall Street Hasn't Discovered Yet	investorplace.com
Tuesday, 25 June 2024
13:15	Shareholders Of Remitly Global Inc Are Encouraged To Initiate Contact As The Schall Law Firm Is Probing Allegations Against It	accesswire.com

Ideas & Opinions

Seeking Alpha 9 Jul 2025

Remitly Global: Aggressive Revenue Expansion And Improving Profitability Despite Global Economic Slowdown
Seeking Alpha 17 Jun 2025

Remitly: Growth At A Reasonable Price In The Remittance Business
Seeking Alpha 15 Jan 2025

Remitly Global: I Expect Consistent Profitability Going Forward
Seeking Alpha 28 Jun 2024

Remitly Global: Solid Macro Tailwinds And Track Record Of Growth
Seeking Alpha 31 Jan 2024

CAB Payments: P/E Of 5 While Growing More Than 25% A Year
Seeking Alpha 30 Jan 2024

Buy Remitly As Fears Around Marketing Spend Are Unfounded
Seeking Alpha 2 Jan 2024

Remitly: A Digital-First Fintech Disrupting The Remittances Sector
Seeking Alpha 9 Nov 2023

Wise: Economies Of Scale-Shared In Cross-Border Payments
Seeking Alpha 6 Nov 2023

Western Union: Value Play Or Value Trap?
Seeking Alpha 31 Oct 2023

Remitly: X-Border Digital Remittance Winner

Frequently Asked Questions (FAQ)

What's the price of Remitly Global stock today?

One share of Remitly Global stock can currently be purchased for approximately $18.75.
When is Remitly Global's next earnings date?

Unfortunately, Remitly Global's (RELY) next earnings date is currently unknown.
Does Remitly Global pay dividends?

No, Remitly Global does not pay dividends.
How much money does Remitly Global make?

Remitly Global has a market capitalization of 4.45B and it's past years’ income statements indicate that its last revenue has increased compared to the previous period by 44.48% to 944.29M US dollars. Remitly Global made a loss 117.84M US dollars in net income (profit) last year or -$0.11 on an earnings per share basis.
What is Remitly Global's stock symbol?

Remitly Global, Inc. is traded on the NASDAQ under the ticker symbol "RELY".
What is Remitly Global's primary industry?

Company operates in the Technology sector and Software - Infrastructure industry.
How do i buy shares of Remitly Global?

Shares of Remitly Global can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Who are Remitly Global's key executives?
Remitly Global's management team includes the following people:
- Mr. Joshua Hug Co-Founder, Chief Operating Officer & Director(age: 46, pay: $295,270)
- Ms. Susanna Morgan Chief Financial Officer(age: 56, pay: $289,160)
- Mr. Matthew B. Oppenheimer Co-Founder, Chief Executive Officer, Pres & Director(age: 42, pay: $284,730)
Is Remitly Global founder-led company?

Yes, Remitly Global is a company led by its founders Mr. Joshua Hug and Mr. Matthew B. Oppenheimer.
How many employees does Remitly Global have?

As Jul 2024, Remitly Global employs 2,700 workers.
When Remitly Global went public?

Remitly Global, Inc. is publicly traded company for more then 4 years since IPO on 23 Sep 2021.
What is Remitly Global's official website?

The official website for Remitly Global is remitly.com.
Where are Remitly Global's headquarters?

Remitly Global is headquartered at 111 Third Avenue, Seattle, WA.
How can i contact Remitly Global?

Remitly Global's mailing address is 111 Third Avenue, Seattle, WA and company can be reached via phone at +888 7364859.
What is Remitly Global stock forecast & price target?

Based on 1 Wall Street analysts` predicted price targets for Remitly Global in the last 12 months, the avarage price target is $25. The average price target represents a 33.33% change from the last price of $18.75.

Remitly Global, Inc.

remitly.com

Exchange:

NASDAQ

Full time employees:

2,700

Industry:

Software - Infrastructure

Sector:

Technology

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, Washington.

+888 7364859

111 Third Avenue
Seattle, WA 98101

CIK: 0001782170
ISIN: US75960P1049
CUSIP: 75960P104