Remitly/RELY

$21.02

-0.56%
-
1D1W1MYTD1YMAX

About Remitly

Remitly Global, Inc. is a digital financial services provider for immigrants and their families in over 170 countries around the world. The Company helps customers send money internationally by leveraging digital channels and supporting cross-border transmissions across the globe. The Company’s technology platform is purpose-built to localized consumer experiences, enables a robust network of partner integrations, and uses data to optimize business performance. It provides a digital cross-border remittance product that is accessible via its mobile app or the web. It offers a mobile-centric suite of products, global network, localization expertise at scale and data-driven approach. Its mobile app for cross-border remittances provides an easy-to-use, end-to-end process. Its global network of funding and disbursement partnerships enables it to complete money transfers in over 4,300 corridors without the need to deploy local operations in each country.

Ticker

RELY

Sector

Industrials

Trading on

NASDAQ

Industry

Consumer Financial Services

CEO

Matthew Oppenheimer

Employees

2,700

Headquarters

Seattle, United States

Remitly Metrics

BasicAdvanced
$3.91B
Market cap
-
P/E ratio
-$0.65
EPS
-
Beta
-
Dividend rate

What the Analysts think about Remitly

Analyst Ratings

Majority rating from 10 analysts.
Buy

Price Targets

Average projection from 8 analysts.
34.4% upside
High $34.00
Low $19.00
$21.02
Current price
$28.25
Average price target

Remitly Financial Performance

Income StatementBalance sheetCash Flow

Income Statement

Revenues and expenses
-13.22% profit margin
QuarterlyAnnual
Q4 23
QoQ growth
Revenue
$264.7M
9.56%
Net income
$-35M
-1.69%
Profit margin
-13.22%
-10.25%

Remitly Earnings Performance

Earnings per share (EPS)

Company profitability
Missed by 25%
QuarterlyAnnual
Q1 23
Q2 23
Q3 23
Q1 24
Actual
-$0.16
-$0.11
-$0.20
-
Expected
-$0.18
-$0.17
-$0.16
-$0.15
Surprise
-11.11%
-33.33%
25%
-
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 a consolidated feed of IEX, NYSE National, NYSE Chicago, Nasdaq BX and Nasdaq PSX order books provided by Polygon. Fundamental data, financials and analyst ratings are sourced from Refinitiv.

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