Remitly/$RELY

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About Remitly

Remitly Global Inc provides integrated financial services to immigrants, including helping customers send money internationally in a quick, reliable, and more cost-effective manner by leveraging digital channels. It supports cross-border transmissions across the globe. The company's revenue is generated on transaction fees charged to customers and foreign exchange spreads between the foreign exchange rate offered to customers and the foreign exchange rate on the company's currency purchases.

Ticker

$RELY
Primary listing

Industry

Financial Services

Employees

2,800

ISIN

US75960P1049

Remitly Metrics

BasicAdvanced
$4B
-
-$0.03
0.18
-

What the Analysts think about Remitly

Analyst ratings (Buy, Hold, Sell) for Remitly stock.

Bulls say / Bears say

Remitly reported a 41% year-over-year revenue increase in Q4 2024, reaching $191 million, driven by a 48% rise in active customers to 4.2 million. (Seeking Alpha)
Analysts have raised Remitly's price target to $29, citing strong growth and an upward financial trajectory. (Defense World)
Remitly's expansion into new markets, including New Zealand and the United Arab Emirates, positions the company for further growth. (Seeking Alpha)
Competitor Wise's recent price reductions may exert pressure on Remitly's pricing strategy and margins. (Investing.com)
Despite revenue growth, Remitly reported a net loss of $5.72 million in Q4 2024, raising concerns about profitability. (Google Finance)
The digital remittance market is highly competitive, with new entrants potentially challenging Remitly's market share. (Seeking Alpha)
Data summarised monthly by Lightyear AI. Last updated on 9 Jun 2025.

Remitly Financial Performance

Revenues and expenses
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
$37B
-39.75%
Net income
$45B
107.52%
Profit margin
37.65%
6.78%

Remitly Earnings Performance

Company profitability
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
$3.69
$2.85
$2.45
$2.42
-
Expected
$3.55
$2.61
$2.05
$2.31
$3.94
Surprise
3.94%
9.20%
19.51%
4.63%
-
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real-time US market data is sourced from the IEX order book provided by Polygon. After-hours US market data is 15 minutes delayed and may differ significantly from the actual tradable price at market open.

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