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Technology - Software - Infrastructure - NASDAQ - US
$ 23.97
-0.125 %
$ 4.81 B
Market Cap
-126.16
P/E
1. INTRINSIC VALUE

This DCF valuation model was last updated on Mar, 3, 2025.

The intrinsic value of one RELY stock under the worst case scenario is HIDDEN Compared to the current market price of 24 USD, Remitly Global, Inc. is HIDDEN

This DCF valuation model was last updated on Mar, 3, 2025.

The intrinsic value of one RELY stock under the base case scenario is HIDDEN Compared to the current market price of 24 USD, Remitly Global, Inc. is HIDDEN

This DCF valuation model was last updated on Mar, 3, 2025.

The intrinsic value of one RELY stock under the best case scenario is HIDDEN Compared to the current market price of 24 USD, Remitly Global, Inc. is HIDDEN

2. FUNDAMENTAL ANALYSIS
FINANCIALS
1.26 B REVENUE
33.85%
-39.1 M OPERATING INCOME
65.77%
-37 M NET INCOME
68.62%
194 M OPERATING CASH FLOW
462.91%
-17.7 M INVESTING CASH FLOW
64.62%
-127 M FINANCING CASH FLOW
-100.62%
352 M REVENUE
4.57%
-3.74 M OPERATING INCOME
-1016.03%
-5.72 M NET INCOME
-298.59%
55.6 M OPERATING CASH FLOW
-62.09%
-5.22 M INVESTING CASH FLOW
-33.55%
1.46 M FINANCING CASH FLOW
114.21%
Balance Sheet Remitly Global, Inc.
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Current Assets 898 M
Cash & Short-Term Investments 562 M
Receivables 213 M
Other Current Assets 122 M
Non-Current Assets 115 M
Long-Term Investments 0
PP&E 44.6 M
Other Non-Current Assets 70.8 M
Current Liabilities 329 M
Accounts Payable 16.2 M
Short-Term Debt 7.21 M
Other Current Liabilities 306 M
Non-Current Liabilities 18.4 M
Long-Term Debt 9.07 M
Other Non-Current Liabilities 9.32 M
EFFICIENCY
Earnings Waterfall Remitly Global, Inc.
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Revenue 1.26 B
Cost Of Revenue 516 M
Gross Profit 748 M
Operating Expenses 788 M
Operating Income -39.1 M
Other Expenses -2.11 M
Net Income -37 M
RATIOS
59.21% GROSS MARGIN
59.21%
-3.09% OPERATING MARGIN
-3.09%
-2.93% NET MARGIN
-2.93%
-5.56% ROE
-5.56%
-3.65% ROA
-3.65%
-6.91% ROIC
-6.91%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Remitly Global, Inc.
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Net Income -37 M
Depreciation & Amortization 18.1 M
Capital Expenditures -6 M
Stock-Based Compensation 152 M
Change in Working Capital 58.2 M
Others -104 M
Free Cash Flow 188 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Remitly Global, Inc.
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Wall Street analysts predict an average 1-year price target for RELY of $24 , with forecasts ranging from a low of $23 to a high of $25 .
RELY Lowest Price Target Wall Street Target
23 USD -4.05%
RELY Average Price Target Wall Street Target
24 USD 0.13%
RELY Highest Price Target Wall Street Target
25 USD 4.30%
4. DIVIDEND ANALYSIS
5. COMPETITION
6. Ownership
Insider Ownership Remitly Global, Inc.
image
Sold
0-3 MONTHS
2.36 M USD 2
3-6 MONTHS
3.53 M USD 5
6-9 MONTHS
1.43 M USD 3
9-12 MONTHS
6.51 M USD 6
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
Date Value Insider Amount Avg Price
3 weeks ago
Feb 05, 2025
Sell 368 K USD
Oppenheimer Matthew B.
Chief Executive Officer
- 14583
25.21 USD
3 weeks ago
Feb 06, 2025
Sell 372 K USD
Oppenheimer Matthew B.
Chief Executive Officer
- 14583
25.54 USD
1 month ago
Jan 22, 2025
Sell 337 K USD
Oppenheimer Matthew B.
Chief Executive Officer
- 14583
23.14 USD
1 month ago
Jan 23, 2025
Sell 338 K USD
Oppenheimer Matthew B.
Chief Executive Officer
- 14583
23.19 USD
2 months ago
Dec 16, 2024
Sell 191 K USD
Yoakum Rene
EVP, Customer and Culture
- 8963
21.28 USD
2 months ago
Dec 16, 2024
Sell 131 K USD
Yoakum Rene
EVP, Customer and Culture
- 6037
21.68 USD
2 months ago
Dec 10, 2024
Sell 304 K USD
Oppenheimer Matthew B.
Chief Executive Officer
- 14583
20.86 USD
2 months ago
Dec 11, 2024
Sell 315 K USD
Oppenheimer Matthew B.
Chief Executive Officer
- 14583
21.61 USD
3 months ago
Nov 26, 2024
Sell 458 K USD
Hug Joshua
Vice Chair
- 22198
20.62 USD
3 months ago
Nov 25, 2024
Sell 42.1 K USD
Sharma Pankaj
Chief Business Officer
- 2000
21.04 USD
3 months ago
Nov 25, 2024
Sell 195 K USD
Sinha Ankur
Chief Product and Tech Officer
- 9500
20.54 USD
3 months ago
Nov 20, 2024
Sell 22.8 K USD
Sinha Ankur
Chief Product and Tech Officer
- 1112
20.5 USD
3 months ago
Nov 19, 2024
Sell 131 K USD
Yoakum Rene
EVP, Customer and Culture
- 6535
20.02 USD
3 months ago
Nov 20, 2024
Sell 163 K USD
Yoakum Rene
EVP, Customer and Culture
- 8120
20.07 USD
3 months ago
Nov 15, 2024
Sell 6.9 K USD
Yoakum Rene
EVP, Customer and Culture
- 345
20 USD
3 months ago
Nov 13, 2024
Sell 298 K USD
Oppenheimer Matthew B.
Chief Executive Officer
- 14591
20.42 USD
3 months ago
Nov 14, 2024
Sell 289 K USD
Oppenheimer Matthew B.
Chief Executive Officer
- 14583
19.82 USD
3 months ago
Nov 13, 2024
Sell 166 K USD
Yoakum Rene
EVP, Customer and Culture
- 8234
20.21 USD
3 months ago
Nov 13, 2024
Sell 183 K USD
Yoakum Rene
EVP, Customer and Culture
- 9076
20.11 USD
3 months ago
Nov 11, 2024
Sell 211 K USD
Yoakum Rene
EVP, Customer and Culture
- 10557
20 USD
3 months ago
Nov 06, 2024
Sell 80 K USD
Sharma Pankaj
Chief Business Officer
- 4000
20 USD
3 months ago
Nov 06, 2024
Sell 140 K USD
Yoakum Rene
EVP, Customer and Culture
- 6984
20 USD
3 months ago
Nov 06, 2024
Sell 423 K USD
Yoakum Rene
EVP, Customer and Culture
- 21149
20.01 USD
4 months ago
Oct 17, 2024
Sell 570 K USD
Oppenheimer Matthew B.
Chief Executive Officer
- 40119
14.22 USD
4 months ago
Oct 18, 2024
Sell 156 K USD
Oppenheimer Matthew B.
Chief Executive Officer
- 10416
14.97 USD
6 months ago
Aug 29, 2024
Sell 302 K USD
Hug Joshua
Vice Chair
- 22018
13.71 USD
6 months ago
Aug 21, 2024
Sell 738 K USD
Oppenheimer Matthew B.
Chief Executive Officer
- 52080
14.18 USD
6 months ago
Aug 22, 2024
Sell 21.9 K USD
Oppenheimer Matthew B.
Chief Executive Officer
- 1545
14.17 USD
6 months ago
Aug 19, 2024
Sell 23.9 K USD
Miller Gail A
Chief Accounting Officer
- 1624
14.7 USD
9 months ago
May 29, 2024
Sell 347 K USD
Hug Joshua
Vice Chair
- 26239
13.2251 USD
9 months ago
May 15, 2024
Sell 214 K USD
Yoakum Rene
EVP, Customer and Culture
- 15000
14.2353 USD
9 months ago
May 13, 2024
Sell 149 K USD
Oppenheimer Matthew B.
Chief Executive Officer
- 10416
14.32 USD
9 months ago
May 14, 2024
Sell 148 K USD
Oppenheimer Matthew B.
Chief Executive Officer
- 10416
14.24 USD
10 months ago
Apr 24, 2024
Sell 191 K USD
Oppenheimer Matthew B.
Chief Executive Officer
- 10416
18.36 USD
10 months ago
Apr 25, 2024
Sell 187 K USD
Oppenheimer Matthew B.
Chief Executive Officer
- 10416
17.94 USD
10 months ago
Apr 15, 2024
Sell 280 K USD
Yoakum Rene
EVP, Customer and Culture
- 15000
18.6747 USD
10 months ago
Apr 09, 2024
Sell 421 K USD
Hug Joshua
Chief Operating Officer
- 20000
21.0315 USD
10 months ago
Apr 10, 2024
Sell 406 K USD
Hug Joshua
Chief Operating Officer
- 20000
20.3021 USD
11 months ago
Apr 03, 2024
Sell 408 K USD
Hug Joshua
Chief Operating Officer
- 20000
20.4244 USD
10 months ago
Apr 04, 2024
Sell 414 K USD
Hug Joshua
Chief Operating Officer
- 20000
20.6895 USD
11 months ago
Mar 27, 2024
Sell 416 K USD
Hug Joshua
Chief Operating Officer
- 20000
20.7759 USD
11 months ago
Mar 28, 2024
Sell 420 K USD
Hug Joshua
Chief Operating Officer
- 20000
20.9764 USD
11 months ago
Mar 19, 2024
Sell 834 K USD
Hug Joshua
Chief Operating Officer
- 41716
19.9977 USD
11 months ago
Mar 20, 2024
Sell 411 K USD
Hug Joshua
Chief Operating Officer
- 20000
20.5631 USD
11 months ago
Mar 15, 2024
Sell 301 K USD
Yoakum Rene
EVP, Customer and Culture
- 15000
20.0782 USD
11 months ago
Mar 12, 2024
Sell 214 K USD
Oppenheimer Matthew B.
Chief Executive Officer
- 10416
20.5355 USD
11 months ago
Mar 13, 2024
Sell 215 K USD
Oppenheimer Matthew B.
Chief Executive Officer
- 10416
20.628 USD
11 months ago
Mar 08, 2024
Sell 23.4 K USD
Sinha Ankur
Chief Technology Officer
- 1112
21 USD
11 months ago
Mar 06, 2024
Sell 691 K USD
Sinha Ankur
Chief Technology Officer
- 32826
21.0392 USD
11 months ago
Mar 05, 2024
Sell 40.7 K USD
Sharma Pankaj
Chief Business Officer
- 2000
20.34 USD
1 year ago
Feb 29, 2024
Sell 127 K USD
Munipalli Hemanth
Chief Financial Officer
- 6164
20.6355 USD
1 year ago
Feb 15, 2024
Sell 276 K USD
Yoakum Rene
EVP, Customer and Culture
- 15000
18.3742 USD
1 year ago
Feb 05, 2024
Sell 188 K USD
Oppenheimer Matthew B.
Chief Executive Officer
- 10416
18.0261 USD
1 year ago
Feb 06, 2024
Sell 187 K USD
Oppenheimer Matthew B.
Chief Executive Officer
- 10416
17.9176 USD
1 year ago
Jan 23, 2024
Sell 170 K USD
Oppenheimer Matthew B.
Chief Executive Officer
- 10416
16.2747 USD
1 year ago
Jan 24, 2024
Sell 170 K USD
Oppenheimer Matthew B.
Chief Executive Officer
- 10416
16.3585 USD
1 year ago
Jan 16, 2024
Sell 268 K USD
Yoakum Rene
EVP, Customer and Culture
- 15000
17.8894 USD
1 year ago
Dec 15, 2023
Sell 272 K USD
Yoakum Rene
EVP, Customer and Culture
- 15000
18.1114 USD
1 year ago
Dec 08, 2023
Sell 211 K USD
Chung Bora
Director
- 11051
19.0627 USD
1 year ago
Dec 06, 2023
Sell 207 K USD
Oppenheimer Matthew B.
Chief Executive Officer
- 10416
19.885 USD
1 year ago
Dec 07, 2023
Sell 198 K USD
Oppenheimer Matthew B.
Chief Executive Officer
- 10416
18.9933 USD
1 year ago
Nov 28, 2023
Sell 108 K USD
Munipalli Hemanth
Chief Financial Officer
- 4973
21.6701 USD
1 year ago
Nov 27, 2023
Sell 387 K USD
Hug Joshua
Chief Operating Officer
- 17667
21.9012 USD
1 year ago
Nov 15, 2023
Sell 337 K USD
Yoakum Rene
EVP, Customer and Culture
- 15000
22.453 USD
1 year ago
Nov 13, 2023
Sell 1.06 M USD
Sinha Ankur
Chief Technology Officer
- 51000
20.844 USD
1 year ago
Nov 13, 2023
Sell 216 K USD
Oppenheimer Matthew B.
Chief Executive Officer
- 10432
20.7519 USD
1 year ago
Nov 14, 2023
Sell 228 K USD
Oppenheimer Matthew B.
Chief Executive Officer
- 10416
21.8894 USD
1 year ago
Nov 06, 2023
Bought 991 K USD
MORRIS NIGEL W
Director
+ 50000
19.8133 USD
1 year ago
Nov 03, 2023
Bought 43.9 K USD
MORRIS NIGEL W
Director
+ 2200
19.965 USD
1 year ago
Nov 03, 2023
Bought 4.77 M USD
MORRIS NIGEL W
Director
+ 247800
19.2679 USD
1 year ago
Oct 16, 2023
Sell 402 K USD
Yoakum Rene
EVP, Customer and Culture
- 15000
26.8292 USD
1 year ago
Sep 15, 2023
Sell 384 K USD
Yoakum Rene
EVP, Customer and Culture
- 15000
25.6135 USD
1 year ago
Aug 29, 2023
Sell 155 K USD
Sinha Ankur
Chief Technology Officer
- 6126
25.3358 USD
1 year ago
Aug 30, 2023
Sell 782 K USD
Munipalli Hemanth
Chief Financial Officer
- 31622
24.72 USD
1 year ago
Aug 28, 2023
Sell 549 K USD
Hug Joshua
Chief Operating Officer
- 22267
24.6692 USD
1 year ago
Aug 15, 2023
Sell 352 K USD
Yoakum Rene
EVP, Customer and Culture
- 15000
23.4563 USD
1 year ago
Jul 24, 2023
Sell 953 K USD
Hug Joshua
Chief Operating Officer
- 47365
20.1132 USD
1 year ago
Jul 17, 2023
Sell 296 K USD
Yoakum Rene
EVP, Customer and Culture
- 15000
19.7051 USD
1 year ago
Jul 14, 2023
Sell 342 K USD
Hug Joshua
Chief Operating Officer
- 17111
20.0005 USD
1 year ago
Jun 13, 2023
Sell 299 K USD
Yoakum Rene
EVP, Customer and Culture
- 15000
19.9557 USD
1 year ago
Jun 13, 2023
Sell 633 K USD
Hug Joshua
Chief Operating Officer
- 31667
20.0007 USD
1 year ago
Jun 06, 2023
Sell 38 K USD
Hug Joshua
Chief Operating Officer
- 1898
20 USD
1 year ago
Jun 07, 2023
Sell 39.2 K USD
Hug Joshua
Chief Operating Officer
- 1959
20.0044 USD
1 year ago
May 30, 2023
Sell 318 K USD
Hug Joshua
Chief Operating Officer
- 18434
17.2778 USD
1 year ago
Mar 06, 2023
Sell 114 K USD
Hug Joshua
Chief Operating Officer
- 7354
15.4897 USD
2 years ago
Nov 29, 2022
Sell 54 K USD
Yoakum Rene
EVP, Customer and Culture
- 5427
9.942 USD
2 years ago
Nov 28, 2022
Sell 79.6 K USD
Hug Joshua
Chief Operating Officer
- 7728
10.3035 USD
2 years ago
Nov 10, 2022
Sell 59.7 K USD
Yoakum Rene
EVP, Customer and Culture
- 5971
9.9991 USD
2 years ago
Aug 25, 2022
Sell 85.4 K USD
Hug Joshua
Chief Operating Officer
- 7727
11.0474 USD
3 years ago
Dec 14, 2021
Bought 244 K USD
Oppenheimer Matthew B.
Chief Executive Officer
+ 13750
17.78 USD
3 years ago
Dec 14, 2021
Bought 47.5 K USD
Bryant William Kazuo
Director
+ 2700
17.6 USD
3 years ago
Dec 13, 2021
Bought 49 K USD
Bryant William Kazuo
Director
+ 2600
18.84 USD
3 years ago
Dec 10, 2021
Bought 48.6 K USD
Bryant William Kazuo
Director
+ 2500
19.44 USD
3 years ago
Dec 09, 2021
Bought 101 K USD
Bryant William Kazuo
Director
+ 5000
20.11 USD
3 years ago
Sep 27, 2021
Bought 25 M USD
NASPERS LTD
10 percent owner
+ 581395
43 USD
3 years ago
Sep 27, 2021
Sell 73.7 M USD
MORRIS NIGEL W
Director
- 1715000
43 USD
8 years ago
Sep 08, 2016
Bought 32.3 K USD
TINKLER PHILIP
Director
+ 5000
6.454 USD
7. News
Remitly Global, Inc. (RELY) Q4 2024 Earnings Call Transcript Remitly Global, Inc. (NASDAQ:RELY ) Q4 2024 Earnings Conference Call February 19, 2025 5:00 PM ET Company Participants Stephen Shulstein - Vice President of Investor Relations Matt Oppenheimer - Co-Founder and Chief Executive Officer Vikas Mehta - Chief Financial Officer Conference Call Participants Andrew Schmidt - Citigroup Rufus Hone - BMO Chris Kennedy - William Blair Darrin Peller - Wolfe Research Alex Markgraff - KBCM Operator Good day, and thank you for standing by. Welcome to the Remitly's Fourth Quarter 2024 Earnings Conference Call. seekingalpha.com - 1 week ago
Remitly Global, Inc. (RELY) Reports Q4 Loss, Tops Revenue Estimates Remitly Global, Inc. (RELY) came out with a quarterly loss of $0.03 per share versus the Zacks Consensus Estimate of a loss of $0.07. This compares to loss of $0.19 per share a year ago. zacks.com - 1 week ago
Remitly Reports Fourth Quarter and Full Year 2024 Results Above Outlook Fourth quarter active customers up 32% and revenue up 33% year over year Fourth quarter net loss was $5.7 million and Adjusted EBITDA was $43.7 million globenewswire.com - 1 week ago
Remitly to Report Fourth Quarter and Full Year 2024 Financial Results on February 19, 2025 SEATTLE, Feb. 05, 2025 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ: RELY) (“Remitly”), a trusted provider of digital financial services that transcend borders, today announced that it will report fourth quarter and full year 2024 financial results after the market close on Wednesday, February 19, 2025. Management will host a conference call and live webcast to present the Company's financial results and answer questions from the financial analyst community at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time that same evening. Conference call and webcast information can be found below. globenewswire.com - 3 weeks ago
Prediction: These 2 Hypergrowth Stocks Will Make Investors Richer in 2025 It paid to bet on hypergrowth stocks in 2024. As the page turns to 2025, what will the market have in store for investors in these fast-moving companies? fool.com - 1 month ago
Remitly Global: I Expect Consistent Profitability Going Forward Remitly Global: I Expect Consistent Profitability Going Forward seekingalpha.com - 1 month ago
KBW Announces Index Rebalancing for Fourth-Quarter 2024 NEW YORK, Dec. 13, 2024 (GLOBE NEWSWIRE) -- Keefe, Bruyette & Woods, Inc., a leading specialist investment bank to the financial services and fintech sectors, and a wholly owned subsidiary of Stifel Financial Corp. (NYSE: SF), announces the upcoming index rebalancing for the fourth quarter of 2024. globenewswire.com - 2 months ago
The Smartest Growth Stock to Buy With $25 Right Now Growth stocks have made a comeback in 2024. I am seeing select stocks shoot up 100%, 200%, or more just this year. fool.com - 2 months ago
Remitly to Present at the 2024 Wells Fargo TMT Summit SEATTLE, Nov. 25, 2024 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ: RELY) (“Remitly”), a trusted provider of digital financial services that transcend borders, today announced that its management team will present at the 2024 Wells Fargo TMT Summit. globenewswire.com - 3 months ago
Remitly Global Stock Was Soaring This Week: Here's Why Growth is accelerating for this remittance upstart. fool.com - 4 months ago
3 Stocks Well Below 52-Week Highs With Strong Growth Projections These three stocks have dropped over 30% from their 52-week highs. At the same time, analysts expect strong revenue and earnings growth for them soon. marketbeat.com - 4 months ago
Why Remitly Global Stock Popped Today Shares of the fintech company popped on a strong earnings report. fool.com - 4 months ago
8. Profile Summary

Remitly Global, Inc. RELY

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COUNTRY US
INDUSTRY Software - Infrastructure
MARKET CAP $ 4.81 B
Dividend Yield 0.00%
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, Washington.
Contact 111 Third Avenue, Seattle, WA, 98101 https://www.remitly.com/us/en
IPO Date Sept. 23, 2021
Employees 2700
Officers Mr. Vikas Mehta Chief Financial Officer Mr. Ankur Sinha Chief Product Officer & Chief Technology Officer Mr. Karim Meghji Executive Advisor Ms. Ronit Peled Chief People Officer Mr. Matthew B. Oppenheimer Co-Founder, Chief Executive Officer, President & Director Ms. Gail A. Miller Chief Accounting Officer Mr. Stephen M. Shulstein Vice President of Investor Relations Ms. Saema Somalya J.D. Chief Legal & Corporate Affairs Officer Mr. Pankaj Sharma Chief Business Officer Mr. Joshua Hug Co-Founder & Vice Chair