Remitly Global, Inc. (RELY) AI Stock Analysis

Founded in 2011 and headquartered in Seattle, Washington, Remitly Global, Inc. specializes in digital financial services tailored for immigrants and their families. The company focuses primarily on facilitating cross-border remittance services across approximately 150 countries worldwide. Its platform provides users with an efficient and convenient way to send and receive money across borders, aiming to reduce the high costs traditionally associated with remittance transactions. Remitly utilizes advanced technology to deliver fast, affordable, and secure international money transfers, enabling customers to track transactions in real time with continuous updates.

Revenue grew from $458.6M in FY2021 to $653.6M in FY2022, $944.3M in FY2023, $1.26B in FY2024, and $1.64B in FY2025, reflecting a 5-year revenue CAGR of 44.8%. Gross margin expanded from 48.3% in FY2021 to 57.1% in FY2025. Operating margin shifted from -8.7% in FY2021 and -18.5% in FY2022 to positive 5.0% in FY2025. Net income transitioned from a loss of -$38.8M in FY2021 to profit of $67.9M in FY2025. For the trailing twelve months ending June 30, 2026, revenue stood at $1.81B with a net profit margin of 16.9%. In the latest quarter ended June 30, 2026, quarterly revenue grew 20.2% year-over-year, while quarterly earnings grew 3000.0%.

As of June 30, 2026, Remitly held $676.4M in cash and short-term investments against total debt of $38.3M, leaving net cash of $638.1M. Total assets stood at $1.57B against shareholders' equity of $1.13B, with a debt-to-equity ratio of 0.03 and a current ratio of 3.18. In FY2025, operating cash flow reached $325.1M and free cash flow was $295.7M. Capital allocation in FY2025 included $29.4M in capital expenditures and $50.8M spent on share buybacks, while share count changed 35.1% over 5 years.

At a market cap of $5.11B and enterprise value of $3.64B, Remitly trades at a trailing P/E of 17.5x, below the median of its US-listed Technology peers of 28.1x. Its price-to-sales ratio of 2.8x matches the peer median of 2.8x, while its EV-to-EBITDA ratio of 16.5x sits just below the peer median of 16.6x. Over the past year, the stock returned 57.9%, outperforming the S&P 500 return of 16.8%. However, its 5-year return of -39.9% lagged the S&P 500 gain of 83.0%.

Wall Street coverage comprises 8 Strong Buy and 2 Buy ratings, with zero Hold, Sell, or Strong Sell recommendations. The mean price target of $32.11 implies a 32.9% premium over the last close of $24.16. For the current fiscal year ending December 31, 2026, consensus estimates project revenue of $1.99B and EPS of $1.85, representing EPS growth of 75.8%. Remitly beat EPS estimates in each of the last 4 quarters. The next earnings date is scheduled for November 4, 2026.

This page is an AI-written research summary of Remitly Global, Inc. (RELY). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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