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Technology - Software - Infrastructure - NASDAQ - US
$ 19.64
-0.958 %
$ 3.89 B
Market Cap
-56.11
P/E
1. INTRINSIC VALUE

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.[ Read More ]

The intrinsic value of one RELY stock under the base case scenario is HIDDEN Compared to the current market price of 19.6 USD, Remitly Global, Inc. is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart RELY

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FINANCIALS
944 M REVENUE
44.48%
-114 M OPERATING INCOME
5.65%
-118 M NET INCOME
-3.35%
-53.6 M OPERATING CASH FLOW
49.03%
-50 M INVESTING CASH FLOW
-584.59%
127 M FINANCING CASH FLOW
1043.98%
337 M REVENUE
9.82%
368 K OPERATING INCOME
102.33%
1.92 M NET INCOME
115.85%
147 M OPERATING CASH FLOW
200.13%
-3.91 M INVESTING CASH FLOW
8.13%
-10.3 M FINANCING CASH FLOW
92.91%
Balance Sheet Decomposition Remitly Global, Inc.
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Current Assets 932 M
Cash & Short-Term Investments 324 M
Receivables 398 M
Other Current Assets 211 M
Non-Current Assets 104 M
Long-Term Investments 0
PP&E 25.5 M
Other Non-Current Assets 78.7 M
Current Liabilities 367 M
Accounts Payable 35.1 M
Short-Term Debt 8.51 M
Other Current Liabilities 323 M
Non-Current Liabilities 140 M
Long-Term Debt 134 M
Other Non-Current Liabilities 5.65 M
EFFICIENCY
Earnings Waterfall Remitly Global, Inc.
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Revenue 944 M
Cost Of Revenue 412 M
Gross Profit 533 M
Operating Expenses 729 M
Operating Income -114 M
Other Expenses 3.64 M
Net Income -118 M
RATIOS
56.41% GROSS MARGIN
56.41%
-12.09% OPERATING MARGIN
-12.09%
-12.48% NET MARGIN
-12.48%
-22.26% ROE
-22.26%
-11.37% ROA
-11.37%
-18.16% ROIC
-18.16%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Remitly Global, Inc.
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Net Income -118 M
Depreciation & Amortization 13.1 M
Capital Expenditures -9.1 M
Stock-Based Compensation 137 M
Change in Working Capital -91.1 M
Others -113 M
Free Cash Flow -62.7 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 $25 , with forecasts ranging from a low of $23 to a high of $28 .
RELY Lowest Price Target Wall Street Target
23 USD 17.11%
RELY Average Price Target Wall Street Target
25 USD 27.29%
RELY Highest Price Target Wall Street Target
28 USD 42.57%
4. DIVIDEND ANALYSIS
0.00% DIVIDEND YIELD
0 USD DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership Remitly Global, Inc.
image
Sold
0-3 MONTHS
3.6 M USD 5
3-6 MONTHS
347 K USD 1
6-9 MONTHS
6.79 M USD 6
9-12 MONTHS
4.21 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
4 days ago
Nov 13, 2024
Sell 298 K USD
Oppenheimer Matthew B.
Chief Executive Officer
- 14591
20.42 USD
3 days ago
Nov 14, 2024
Sell 289 K USD
Oppenheimer Matthew B.
Chief Executive Officer
- 14583
19.82 USD
4 days ago
Nov 13, 2024
Sell 166 K USD
Yoakum Rene
EVP, Customer and Culture
- 8234
20.21 USD
4 days ago
Nov 13, 2024
Sell 183 K USD
Yoakum Rene
EVP, Customer and Culture
- 9076
20.11 USD
6 days ago
Nov 11, 2024
Sell 211 K USD
Yoakum Rene
EVP, Customer and Culture
- 10557
20 USD
1 week ago
Nov 06, 2024
Sell 80 K USD
Sharma Pankaj
Chief Business Officer
- 4000
20 USD
1 week ago
Nov 06, 2024
Sell 140 K USD
Yoakum Rene
EVP, Customer and Culture
- 6984
20 USD
1 week ago
Nov 06, 2024
Sell 423 K USD
Yoakum Rene
EVP, Customer and Culture
- 21149
20.01 USD
1 month ago
Oct 17, 2024
Sell 570 K USD
Oppenheimer Matthew B.
Chief Executive Officer
- 40119
14.22 USD
4 weeks ago
Oct 18, 2024
Sell 156 K USD
Oppenheimer Matthew B.
Chief Executive Officer
- 10416
14.97 USD
2 months ago
Aug 29, 2024
Sell 302 K USD
Hug Joshua
Vice Chair
- 22018
13.71 USD
2 months ago
Aug 21, 2024
Sell 738 K USD
Oppenheimer Matthew B.
Chief Executive Officer
- 52080
14.18 USD
2 months ago
Aug 22, 2024
Sell 21.9 K USD
Oppenheimer Matthew B.
Chief Executive Officer
- 1545
14.17 USD
2 months ago
Aug 19, 2024
Sell 23.9 K USD
Miller Gail A
Chief Accounting Officer
- 1624
14.7 USD
5 months ago
May 29, 2024
Sell 347 K USD
Hug Joshua
Vice Chair
- 26239
13.2251 USD
6 months ago
May 15, 2024
Sell 214 K USD
Yoakum Rene
EVP, Customer and Culture
- 15000
14.2353 USD
6 months ago
May 13, 2024
Sell 149 K USD
Oppenheimer Matthew B.
Chief Executive Officer
- 10416
14.32 USD
6 months ago
May 14, 2024
Sell 148 K USD
Oppenheimer Matthew B.
Chief Executive Officer
- 10416
14.24 USD
6 months ago
Apr 24, 2024
Sell 191 K USD
Oppenheimer Matthew B.
Chief Executive Officer
- 10416
18.36 USD
6 months ago
Apr 25, 2024
Sell 187 K USD
Oppenheimer Matthew B.
Chief Executive Officer
- 10416
17.94 USD
7 months ago
Apr 15, 2024
Sell 280 K USD
Yoakum Rene
EVP, Customer and Culture
- 15000
18.6747 USD
7 months ago
Apr 09, 2024
Sell 421 K USD
Hug Joshua
Chief Operating Officer
- 20000
21.0315 USD
7 months ago
Apr 10, 2024
Sell 406 K USD
Hug Joshua
Chief Operating Officer
- 20000
20.3021 USD
7 months ago
Apr 03, 2024
Sell 408 K USD
Hug Joshua
Chief Operating Officer
- 20000
20.4244 USD
7 months ago
Apr 04, 2024
Sell 414 K USD
Hug Joshua
Chief Operating Officer
- 20000
20.6895 USD
7 months ago
Mar 27, 2024
Sell 416 K USD
Hug Joshua
Chief Operating Officer
- 20000
20.7759 USD
7 months ago
Mar 28, 2024
Sell 420 K USD
Hug Joshua
Chief Operating Officer
- 20000
20.9764 USD
7 months ago
Mar 19, 2024
Sell 834 K USD
Hug Joshua
Chief Operating Officer
- 41716
19.9977 USD
7 months ago
Mar 20, 2024
Sell 411 K USD
Hug Joshua
Chief Operating Officer
- 20000
20.5631 USD
8 months ago
Mar 15, 2024
Sell 301 K USD
Yoakum Rene
EVP, Customer and Culture
- 15000
20.0782 USD
8 months ago
Mar 12, 2024
Sell 214 K USD
Oppenheimer Matthew B.
Chief Executive Officer
- 10416
20.5355 USD
8 months ago
Mar 13, 2024
Sell 215 K USD
Oppenheimer Matthew B.
Chief Executive Officer
- 10416
20.628 USD
8 months ago
Mar 08, 2024
Sell 23.4 K USD
Sinha Ankur
Chief Technology Officer
- 1112
21 USD
8 months ago
Mar 06, 2024
Sell 691 K USD
Sinha Ankur
Chief Technology Officer
- 32826
21.0392 USD
8 months ago
Mar 05, 2024
Sell 40.7 K USD
Sharma Pankaj
Chief Business Officer
- 2000
20.34 USD
8 months ago
Feb 29, 2024
Sell 127 K USD
Munipalli Hemanth
Chief Financial Officer
- 6164
20.6355 USD
9 months ago
Feb 15, 2024
Sell 276 K USD
Yoakum Rene
EVP, Customer and Culture
- 15000
18.3742 USD
9 months ago
Feb 05, 2024
Sell 188 K USD
Oppenheimer Matthew B.
Chief Executive Officer
- 10416
18.0261 USD
9 months ago
Feb 06, 2024
Sell 187 K USD
Oppenheimer Matthew B.
Chief Executive Officer
- 10416
17.9176 USD
9 months ago
Jan 23, 2024
Sell 170 K USD
Oppenheimer Matthew B.
Chief Executive Officer
- 10416
16.2747 USD
9 months ago
Jan 24, 2024
Sell 170 K USD
Oppenheimer Matthew B.
Chief Executive Officer
- 10416
16.3585 USD
10 months ago
Jan 16, 2024
Sell 268 K USD
Yoakum Rene
EVP, Customer and Culture
- 15000
17.8894 USD
11 months ago
Dec 15, 2023
Sell 272 K USD
Yoakum Rene
EVP, Customer and Culture
- 15000
18.1114 USD
11 months ago
Dec 08, 2023
Sell 211 K USD
Chung Bora
Director
- 11051
19.0627 USD
11 months ago
Dec 06, 2023
Sell 207 K USD
Oppenheimer Matthew B.
Chief Executive Officer
- 10416
19.885 USD
11 months ago
Dec 07, 2023
Sell 198 K USD
Oppenheimer Matthew B.
Chief Executive Officer
- 10416
18.9933 USD
11 months ago
Nov 28, 2023
Sell 108 K USD
Munipalli Hemanth
Chief Financial Officer
- 4973
21.6701 USD
11 months 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
1 year ago
Nov 29, 2022
Sell 54 K USD
Yoakum Rene
EVP, Customer and Culture
- 5427
9.942 USD
1 year 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
2 years ago
Dec 14, 2021
Bought 244 K USD
Oppenheimer Matthew B.
Chief Executive Officer
+ 13750
17.78 USD
2 years ago
Dec 14, 2021
Bought 47.5 K USD
Bryant William Kazuo
Director
+ 2700
17.6 USD
2 years ago
Dec 13, 2021
Bought 49 K USD
Bryant William Kazuo
Director
+ 2600
18.84 USD
2 years ago
Dec 10, 2021
Bought 48.6 K USD
Bryant William Kazuo
Director
+ 2500
19.44 USD
2 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
7. News
Remitly Global Stock Was Soaring This Week: Here's Why Growth is accelerating for this remittance upstart. fool.com - 2 weeks 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 - 2 weeks ago
Why Remitly Global Stock Popped Today Shares of the fintech company popped on a strong earnings report. fool.com - 2 weeks ago
Remitly Global, Inc. (RELY) Q3 2024 Earnings Call Transcript Remitly Global, Inc. (NASDAQ:RELY ) Q3 2024 Earnings Conference Call October 30, 2024 5:00 PM ET Company Participants Stephen Shulstein - Vice President, Investor Relations Matt Oppenheimer - Co-Founder and Chief Executive Officer Vikas Mehta - Chief Financial Officer Conference Call Participants Andrew Schmidt - Citi Andrew Bauch - Wells Fargo Ramsey El-Assal - Barclays Will Nance - Goldman Sachs Tien-Tsin Huang - JPMorgan David Scharf - Citizens JMP Rufus Hone - BMO Capital Markets Cris Kennedy - William Blair Darrin Peller - Wolfe Research Alex Markgraff - KBCM Gus Gala - MCH & Co. Zachary Gunn - FT Partners Operator Hello, and welcome to Remitly's Third Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode. seekingalpha.com - 2 weeks ago
Remitly Global, Inc. (RELY) Q3 Earnings and Revenues Surpass Estimates Remitly Global, Inc. (RELY) came out with quarterly earnings of $0.01 per share, beating the Zacks Consensus Estimate of a loss of $0.06 per share. This compares to loss of $0.20 per share a year ago. zacks.com - 2 weeks ago
Remitly stock spikes 19% after first profitable quarter; revenue up 39% Shares of Remitly surged in after-hours trading as the Seattle-based digital remittance company reported its first profitable quarter. geekwire.com - 2 weeks ago
Remitly Reports Third Quarter 2024 Results and Raises Full Year 2024 Outlook Active customers up 35% year over year Revenue up 39% year over year Achieved GAAP net income profitability and record Adjusted EBITDA SEATTLE, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ: RELY), a trusted provider of digital financial services that transcend borders, reported results for the third quarter ended September 30, 2024. “I am grateful to our customers and global teams for the exceptional third quarter results,” said Matt Oppenheimer, co-founder and Chief Executive Officer, Remitly. globenewswire.com - 2 weeks ago
Remitly stock has multiple catalysts and could surge soon Remitly (RELY) stock has underperformed the market this year, falling by over 22% even as the Nasdaq 100 and S&P 500 indices have soared by 20%+ and moved to their all-time highs.  It remains 47% below its highest level in 2023 and by 72% from its all-time high, bringing its market cap to $2.9 billion. invezz.com - 4 weeks ago
Got $100? Add These 2 Monster Growth Stocks to Your Portfolio. Durable revenue growth is a key to finding winning stocks. Rocket Lab is growing like gangbusters in the burgeoning space economy. fool.com - 1 month ago
Remitly to Present at the 2024 Goldman Sachs Communacopia + Technology Conference SEATTLE, Sept. 04, 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 Goldman Sachs Communacopia + Technology Conference globenewswire.com - 2 months ago
Wall Street Analysts See a 54.39% Upside in Remitly Global (RELY): Can the Stock Really Move This High? The average of price targets set by Wall Street analysts indicates a potential upside of 54.4% in Remitly Global (RELY). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock. zacks.com - 2 months ago
Wall Street Analysts Think Remitly Global (RELY) Could Surge 74.37%: Read This Before Placing a Bet The consensus price target hints at a 74.4% upside potential for Remitly Global (RELY). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term. zacks.com - 3 months ago
8. Profile Summary

Remitly Global, Inc. RELY

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COUNTRY US
INDUSTRY Software - Infrastructure
MARKET CAP $ 3.89 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. Matthew B. Oppenheimer Co-Founder, Chief Executive Officer, President & Director Ms. Rina Hahn Chief Marketing Officer Mr. Pankaj Sharma Chief Business Officer Mr. Joshua Hug Co-Founder & Chief Operating Officer Ms. Rene Yoakum Executive Vice President of Customer & Culture Mr. Ankur Sinha Chief Technology Officer Mr. Stephen M. Shulstein Vice President of Investor Relations Ms. Ronit Peled Chief People Officer Mr. Vikas Mehta Chief Financial Officer Ms. Gail A. Miller Chief Accounting Officer