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
Sector
Primary listing
Industry
Financial Services
Headquarters
Employees
2,800
ISIN
US75960P1049
Website
Remitly Metrics
BasicAdvanced
$3.5B
-
-$0.03
0.18
-
Price and volume
Market cap
$3.5B
Beta
0.18
52-week high
$27.32
52-week low
$12.43
Average daily volume
3.5M
Financial strength
Current ratio
2.779
Quick ratio
2.076
Long term debt to equity
2.036
Total debt to equity
2.937
Interest coverage (TTM)
-1.65%
Profitability
EBITDA (TTM)
4.725
Gross margin (TTM)
59.49%
Net profit margin (TTM)
-0.34%
Operating margin (TTM)
-0.46%
Effective tax rate (TTM)
195.24%
Revenue per employee (TTM)
$480,000
Management effectiveness
Return on assets (TTM)
-0.36%
Return on equity (TTM)
-0.71%
Valuation
Price to revenue (TTM)
2.529
Price to book
4.89
Price to tangible book (TTM)
5.36
Price to free cash flow (TTM)
9.694
Free cash flow yield (TTM)
10.32%
Free cash flow per share (TTM)
179.08%
Growth
Revenue change (TTM)
34.37%
Earnings per share change (TTM)
-95.63%
3-year revenue growth (CAGR)
39.14%
3-year earnings per share growth (CAGR)
-64.08%
What the Analysts think about Remitly
Analyst ratings (Buy, Hold, Sell) for Remitly stock.
Bulls say / Bears say
Remitly reported a 31% increase in revenue, surpassing its guidance of less than 30%, indicating strong financial performance. (Investing.com)
The company achieved a 36% growth in customer additions, demonstrating effective marketing strategies and expanding market reach. (Investing.com)
Goldman Sachs raised its price target for Remitly to $33.00, reflecting confidence in the company's growth prospects. (MarketBeat)
JPMorgan reduced its price target for Remitly from $28.00 to $19.00, suggesting potential concerns about future performance. (Investing.com)
Wells Fargo maintained a 'Sell' rating on Remitly with a price target of $13.00, indicating skepticism about the company's valuation. (Markets Insider)
Insider selling activity, including CEO Matthew B. Oppenheimer selling 14,583 shares, may raise concerns about internal confidence in the company's stock. (MarketBeat)
Data summarised monthly by Lightyear AI. Last updated on 11 Jul 2025.
Remitly Financial Performance
Revenues and expenses
Remitly Earnings Performance
Company profitability
Remitly News
AllArticlesVideos
Remitly Stock Jumps As Senate Eases Remittance Tax. But Many Immigrants Still On The Hook.
Investors Business Daily·4 weeks ago
BILL, Remitly, Marqeta Win Analyst Support As Fintech Growth Picks Up
Benzinga·2 months ago
Remitly Announces Upcoming Investor Conference Participation
GlobeNewsWire·2 months ago
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.
Capital at risk
Upcoming events
No upcoming events
FAQs
What’s the current market cap for Remitly stock?
Remitly (RELY) has a market cap of $3.5B as of July 15, 2025.
What is the P/E ratio for Remitly stock?
The price to earnings (P/E) ratio for Remitly (RELY) stock is 0 as of July 15, 2025.
Does Remitly stock pay dividends?
No, Remitly (RELY) stock does not pay dividends to its shareholders as of July 15, 2025.
When is the next Remitly dividend payment date?
Remitly (RELY) stock does not pay dividends to its shareholders.
What is the beta indicator for Remitly?
Remitly (RELY) has a beta rating of 0.18. This means that it is less volatile than the market, on average. A beta of 1 would indicate the stock moves in-line with the market, while a beta of 0.5 would mean it moves half as much as the market.