undamentalytics Newsletter
Sign in

Remitly Global, Inc. (RELY) stock

Add to watchlist

Add holding +

NASDAQ: RELY Nasdaq Transaction & Payment Processing Services Next results ~November 4, 2026

C+ Fundamentals grade

Remitly Global, Inc. is a US-listed company in the transaction & payment processing services industry. Its financial year ends in December.

Stock price today

Loading chart…

Third-party market data · may be delayed

Fair value per share

~$30

Cash-flow model

Base case. Range ~$24–$38 across our lower- and higher-growth cases (15%–25% a year).

Price vs value

Modestly undervalued

The price is inside our value range, 16% below our base value.

Price used: $25.34, November 2, 2026

Remitly Global, Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 10 selling0 purchases and 72 sales by directors and officers, last 12 monthsInsider trades
  • Funds223 adding, 109 cuttingOf 57 active managers that changed their stake, 31 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Remitly Global files

Where Remitly Global stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $1.81bn, up 23.8% on a year earlier, slower than the 27.3% growth a quarter earlier. Free-cash-flow margin rose to 21.4% from 15.9% a year earlier. Operating margin widened to 9.5% from 1.6%. The diluted share count is up 4.6% on a year earlier, which dilutes existing holders. Against its peers on growth, profitability, cash generation and balance sheet, it grades C. It passes 6 of our 6 financial-health checks. Our cash-flow model value is $28.83 a share, against a share price of $24.53. At that price, our model says the market is pricing in about 16.7% a year of cash-flow growth for five years, slower than the 31.6% a year revenue growth it has delivered.

Source: 10-Q filed August 5, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 4, 2026 (estimated)

Remitly Global, Inc.'s trailing-twelve-month revenue grew 23.8% year on year, with a free-cash-flow margin of 21.4%. Where it stands out: long-term debt as % of assets of 0.0% ranks 1 of 19 transaction & payment processing services companies we cover. Where it lags: change in growth rate of -3.5pp ranks 27 of 30 transaction & payment processing services companies we cover.

Our discounted-cash-flow model values the business at ~$30 per share in the base case (~$24–$38 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free cash flow diverging from earnings: TTM free cash flow grew 66.8% while net income grew 2066.1%: a 1999pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Fast growth. Revenue grew 23.8% over the last 12 months, against a median of 9.7% for transaction & payment processing services companies we cover.
  • Margins widening. Operating margin is up 7.8 points on a year ago.
  • Strong cash generation. 21.4% of revenue turned into free cash flow, against a median of 18.4% for transaction & payment processing services companies we cover.
  • Net cash. Cash exceeds long-term debt by $0.7bn.
  • Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.

Things to watch

  • Results due soon. Results are expected around 4 November; the share price can move sharply on the day.
  • Share dilution. Diluted shares rose 4.6% in a year.
  • Volatile shares. Over the past year the shares showed annualised volatility of 57% and a beta of 1.4 against the S&P 500.
  • Insiders selling. 10 insiders sold $234M of stock over the past 365 days and none bought (13% under pre-set trading plans).
  • Growth easing. The growth rate is 3.5 points lower than a quarter earlier.
  • Below peers: change in growth rate. Change in growth rate of -3.5pp ranks 27 of 30 transaction & payment processing services companies we cover (median -0.3pp).

Latest results: FY2026 Q2

Filed August 5, 2026
Earnings per share
$1.12 against an average estimate of $0.31: beat by 256.9%
Revenue
$495m, up 20.2% on a year earlier
Share reaction
+5.3% in the first session after the results on August 5, 2026, against -0.4% for the S&P 500
Next report
November 4, 2026; average EPS estimate $0.28

Remitly Global's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+4.9%
  • 1 week+3.1%
  • 1 month+16.4%
  • This year+83.6%
  • 1 year+57.9%
  • 5 years-18.8%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$1.8B
Operating margin
9.5%
Net margin
16.9%
EPS (TTM, diluted)
$1.40

Growth

Revenue growth
+23.8%
Change in growth rate
−3.5 pts
Share count change
+4.6%

Cash

Free cash flow (TTM)
$388M
FCF margin
21.4%
Stock pay % of revenue
7.9%

Earnings

Last results
August 5, 2026
Next results (est.)
November 4, 2026

News & updates

Updated November 1, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Announcement
  2. Agreement
  3. Product
  4. Product
  5. Announcement
  6. Announcement
  7. Announcement
  8. Announcement
  9. Announcement
  10. Announcement
  11. Announcement
  12. Product
  13. Announcement
  14. Insider trade
  15. Insider trade
  16. Insider trade
  17. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Remitly Global, Inc. valuation models and calculator

What the price is pricing in

The share price implies about 16.2% a year of cash-flow growth for five years.That is slower than the 31.6% a year revenue growth Remitly Global has delivered.

  • Priced in16.2%
  • Last 12 months23.8%
  • 3 years a year31.4%
  • 5 years a year31.6%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($25.14, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Buy12-month view
12-month price target
~$30
Price used
$25.14close November 3, 2026
Implied change
▲ +20%
Uncertainty
Low

How we got here: a discounted-cash-flow model of Remitly Global, Inc.'s free cash flow after stock-based pay with after-tax interest added back ($126M, FY2026 Q2 TTM), growing 20.3% and 19.8% in the next two years (forecasts, guidance and its record), then back to 20% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$24–~$38 ; that spread sets a 15% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Remitly Global, Inc.'s free cash flow after stock-based pay ( $126M, FY2026 Q2 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Remitly Global, Inc. as an operating company, with every model that fits that kind of business. Cost of equity 9.9%: the 10-year Treasury yield (4.9%) plus a beta of 1.09 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$30 ~$24–$38 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$14 ~$10–$31 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: the model gives no positive value
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: return on equity is not positive
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$25 ~$14–$30 2 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Remitly Global, Inc. with Transaction & Payment Processing Services in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −23%
  • Revenue growth 5 points higher ▲ +29%
  • Free-cash-flow margin 1 point lower ▼ −4%
  • Last year's free-cash-flow margin change, if it persists ▲ +32%
  • Discount rate 1 point higher ▼ −15%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $12$15$19$24$31$40
8.5% $10$12$15$19$24$30
10% $9$10$13$15$19$24

Valuation multiples over time Market data may be delayed

At fiscal year end 20212022202320242025Now
Share price$20.62$11.45$19.42$22.57$13.80$25.34
Market value$1.3bn$1.9bn$3.5bn$4.4bn$3.0bn$5.5bn
+ Net debt (− = net cash)−$403m−$301m−$191m−$366m−$385m−$673m
Enterprise value$849m$1.6bn$3.3bn$4.0bn$2.6bn$4.8bn
Multiples
Price / sales 2.7x2.9x3.7x3.5x1.8x3.0x
Price / earnings ————44.2x18.1x
Price / free cash flow ——54.9x41.6x10.2x14.2x
EV / EBITDA ————25.5x24.6x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

30 /100

Weak moat

How hard Remitly Global's competitive advantage looks for rivals to wear away, judged from 6 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Net income has been a median -10.9% of total assets over 5 years.

  • Durability 10 / 20

    Operating margin has been a median -7.8%; its worst year was -16.7%.

  • Cash conversion 11 / 20

    Free cash flow was positive in 3 of 5 years, at a median 10.1% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (35 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 4, 2026, after the close. Analysts expect revenue of $507m and EPS of $0.28 (range $0.17 to $0.34) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $1.85 +76% $2.0bn +22%
Next $1.62 −13% $2.4bn +19%

Next year's EPS estimate has moved −2.2% in 90 days, across 5 analysts.

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $0.31 $1.12 +256.9%
Mar 2026 $0.29 $0.41 +39.5%
Dec 2025 $0.16 $0.39 +147.6%
Sept 2025 $0.18 $0.18 +2.4%

Adjusted EPS as companies report it, against the average analyst estimate.

How our valuation uses these forecasts

Our cash-flow model grows Remitly Global, Inc.'s revenue by +20.3% next year and +19.8% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+20.5%, weight 62%) and the company's own record (+20.0%, weight 38%) . How the weights are set.

Analyst recommendations

10 analysts, Oct 2026
Buy10100%
Hold00%
Sell00%

Monthly trend

  1. Oct 20262810
  2. Sep 20262810
  3. Aug 20262810
  4. Jul 20262810

Counts of recommendations published by analysts covering Remitly Global, Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
10.0%
of tradable shares
Days to cover
4.68
at average volume
Short interest, 1 month
+18%
to September 30, 2026
Held by institutions
88%
of shares
Held by insiders
5.3%
of shares
Employees
3,200
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +57.9%

$16.04 on October 31, 2025 to $25.34

ThenNowEffect
Revenue (last 12 months) $1.5bn $1.8bn +23.8%
Net margin 1.0% 16.9% +1649.9%
P/E multiple n/m 18.1x −92.4%
Share count 208m 218m −4.4%

Biggest factor: net margin.

Last 3 years +33.3%

$19.00 on November 3, 2023 to $25.34

ThenNowEffect
Revenue (last 12 months) $798m $1.8bn +126.7%
P/S multiple 4.1x 3.0x −26.2%
Share count 174m 218m −20.3%

Biggest factor: revenue. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 20222023202420252026 to date
Return
RELY−45%+70%+16%−39%+84%
Industry peers (median)−26%+6%+9%−23%+5%
S&P 500−18%+26%+25%+18%+11%
Months that ended higher
RELY50%75%58%42%64%
S&P 50042%67%75%75%46%
Largest fall from a high during the year
RELY−67%−35%−46%−55%−26%
S&P 500−25%−10%−8%−19%−9%

Worst fall since September 23, 2021: 86% from September 23, 2021 to May 11, 2022. Getting back needed a 604% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$12.20 – $26.92
From 52-week high
−5.9%
vs 50-day average
+6.7%
vs 200-day average
+23.0%
Volatility (1 year)
57%
Beta vs S&P 500
1.39

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
7 up, 5 down
typical move ±14.9%
After a week
5 up, 7 down
typical move ±15.2%
After a month
7 up, 5 down
typical move ±18.2%
Results releasedNext dayS&P 500 next day5 days21 days
August 5, 2026 +5.3% −0.4% −1.6% +9.3%
May 6, 2026 −4.0% +1.1% 0.0% −20.9%
February 18, 2026 +31.0% +0.2% +24.2% +20.0%
November 5, 2025 −23.9% −0.7% −24.6% −17.0%
August 6, 2025 +16.0% +0.7% +22.3% +19.4%
May 7, 2025 +14.0% +1.1% +9.1% +1.6%
February 19, 2025 −2.6% −0.2% −9.9% −22.3%
October 30, 2024 +20.6% −2.3% +32.3% +37.9%
July 31, 2024 +1.5% +0.2% −2.1% +1.6%
May 1, 2024 −13.6% +0.6% −16.7% −27.1%
February 21, 2024 +15.9% +2.2% +16.2% +19.0%
November 1, 2023 −30.2% +3.0% −23.2% −22.3%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How Remitly Global, Inc.’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Cash-secured put

Not offered: fundamentals grade C+ (needs B+ or better).

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

Covered call

Not offered: no liquid call at or above our price target — the model says the upside is worth more than any listed strike.

For holders: sell a call at a strike at or above our fair value, so the shares are only sold at a price the model calls full value.

Collar

Not offered: the shares trade below our fair value: a collar caps upside the model expects.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Remitly Global, Inc. in five measures

Fundamentals grade C+
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Remitly Global, Inc.
$500M $1B $1.5B $2B FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $870.6M Revenue (TTM), FY23 Q4: $944.3M Revenue (TTM), FY24 Q1: $1B Revenue (TTM), FY24 Q2: $1.1B Revenue (TTM), FY24 Q3: $1.2B Revenue (TTM), FY24 Q4: $1.3B Revenue (TTM), FY25 Q1: $1.4B Revenue (TTM), FY25 Q2: $1.5B Revenue (TTM), FY25 Q3: $1.5B Revenue (TTM), FY25 Q4: $1.6B Revenue (TTM), FY26 Q1: $1.7B Revenue (TTM), FY26 Q2: $1.8B $1.8B

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $870.6M
FY23 Q4 $944.3M
FY24 Q1 $1B
FY24 Q2 $1.1B
FY24 Q3 $1.2B
FY24 Q4 $1.3B
FY25 Q1 $1.4B
FY25 Q2 $1.5B
FY25 Q3 $1.5B
FY25 Q4 $1.6B
FY26 Q1 $1.7B
FY26 Q2 $1.8B
Revenue growth, TTM YoY Remitly Global, Inc.
20% 30% 40% 50% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: 45.6% Revenue growth, TTM YoY, FY23 Q4: 44.5% Revenue growth, TTM YoY, FY24 Q1: 39.9% Revenue growth, TTM YoY, FY24 Q2: 35.5% Revenue growth, TTM YoY, FY24 Q3: 35.2% Revenue growth, TTM YoY, FY24 Q4: 33.9% Revenue growth, TTM YoY, FY25 Q1: 34.4% Revenue growth, TTM YoY, FY25 Q2: 35.1% Revenue growth, TTM YoY, FY25 Q3: 31.3% Revenue growth, TTM YoY, FY25 Q4: 29.4% Revenue growth, TTM YoY, FY26 Q1: 27.3% Revenue growth, TTM YoY, FY26 Q2: 23.8% 23.8%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 45.6%
FY23 Q4 44.5%
FY24 Q1 39.9%
FY24 Q2 35.5%
FY24 Q3 35.2%
FY24 Q4 33.9%
FY25 Q1 34.4%
FY25 Q2 35.1%
FY25 Q3 31.3%
FY25 Q4 29.4%
FY26 Q1 27.3%
FY26 Q2 23.8%
Operating margin (TTM) Remitly Global, Inc.
-20% -10% 0% 10% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: -12.2% Operating margin (TTM), FY23 Q4: -12.1% Operating margin (TTM), FY24 Q1: -10.5% Operating margin (TTM), FY24 Q2: -9.6% Operating margin (TTM), FY24 Q3: -5.6% Operating margin (TTM), FY24 Q4: -3.1% Operating margin (TTM), FY25 Q1: -0.5% Operating margin (TTM), FY25 Q2: 1.6% Operating margin (TTM), FY25 Q3: 2.3% Operating margin (TTM), FY25 Q4: 4.7% Operating margin (TTM), FY26 Q1: 6.9% Operating margin (TTM), FY26 Q2: 9.5% 9.5%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 -12.2%
FY23 Q4 -12.1%
FY24 Q1 -10.5%
FY24 Q2 -9.6%
FY24 Q3 -5.6%
FY24 Q4 -3.1%
FY25 Q1 -0.5%
FY25 Q2 1.6%
FY25 Q3 2.3%
FY25 Q4 4.7%
FY26 Q1 6.9%
FY26 Q2 9.5%
FCF margin (TTM) Remitly Global, Inc.
-20% -10% 0% 10% 20% 30% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: -12.6% FCF margin (TTM), FY23 Q4: 6.8% FCF margin (TTM), FY24 Q1: 0.9% FCF margin (TTM), FY24 Q2: 10.1% FCF margin (TTM), FY24 Q3: 19.3% FCF margin (TTM), FY24 Q4: 8.4% FCF margin (TTM), FY25 Q1: 17.2% FCF margin (TTM), FY25 Q2: 15.9% FCF margin (TTM), FY25 Q3: 7.9% FCF margin (TTM), FY25 Q4: 18.1% FCF margin (TTM), FY26 Q1: 17.5% FCF margin (TTM), FY26 Q2: 21.4% 21.4%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 -12.6%
FY23 Q4 6.8%
FY24 Q1 0.9%
FY24 Q2 10.1%
FY24 Q3 19.3%
FY24 Q4 8.4%
FY25 Q1 17.2%
FY25 Q2 15.9%
FY25 Q3 7.9%
FY25 Q4 18.1%
FY26 Q1 17.5%
FY26 Q2 21.4%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar Remitly Global took in during FY2025, followed through to profit: what it cost to make, what went on research and running the business, and what was left after tax.

  1. Revenue $1.6B
  2. Research and development $314M · 19.2%
  3. Selling, general and admin $225M · 13.8%
  4. Other operating costs $1B · 62.3%
  5. Operating income $77.5M · 4.7%
  6. Net income $67.9M · 4.2%

Shares of revenue. Source: Remitly Global's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 127 257 459 654 944 1,264 1,635 1,810
EBITDA −48 −25 −34 −114 −101 −21 103 197
Operating income −51 −29 −40 −121 −114 −39 77 171
Net income −51 −33 −39 −114 −118 −37 68 305
Diluted EPS −$0.99 −$0.51 −$0.64 −$0.68 −$0.65 −$0.19 $0.31 $1.40
Growth (year on year)
Revenue — +103.0% +78.5% +42.5% +44.5% +33.9% +29.4% +23.8%
EBITDA — — — — — — — +330.7%
Margins
EBITDA margin −37.9% −9.8% −7.5% −17.5% −10.7% −1.7% 6.3% 10.9%
Operating margin −40.0% −11.4% −8.7% −18.5% −12.1% −3.1% 4.7% 9.5%
Net margin −40.6% −12.7% −8.5% −17.4% −12.5% −2.9% 4.2% 16.9%
Free-cash-flow margin 2.7% −45.3% −4.4% −17.2% 6.8% 8.4% 18.1% 21.4%
Cash flow
Cash from operations 8 −114 −18 −109 67 112 325 406
Capital spending 5 2 2 4 3 6 29 18
Free cash flow 3 −116 −20 −112 64 106 296 388
Stock-based pay 4 5 17 95 137 152 155 143
Free cash flow after stock pay −0 −122 −37 −208 −73 −47 141 245
Balance sheet
Cash 182 187 403 301 324 368 542 676
Total debt 0 80 0 0 132 2 158 3
Net debt (negative = net cash) −182 −107 −403 −301 −191 −366 −385 −673
Diluted shares 64m 64m 61m 168m 181m 195m 218m 218m
Returned to shareholders
Buybacks 7 0 0 — 0 0 24 89
Total returned 7 0 0 — 0 0 24 89

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

6 of 6 checks passed · June 30, 2026
What it owns · $1.6bn
Short-term assets $1.3bnLonger-term assets $282m
What it owes, and who funded it · $1.6bn
Short-term liabilities $404mLonger-term liabilities $36mShareholders' equity $1.1bn
  • Short-term assets cover short-term liabilities $1.3bn of assets due within a year against $404m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $1.3bn short-term assets against $36m of longer-dated liabilities.
  • More cash than debt $676m of cash against $3m of debt.
  • Debt below 40% of shareholders' equity Debt is 0% of equity.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt $406m of operating cash flow against $3m of debt.
  • Operating profit covers interest at least five times over Operating income of $171m against $10m of interest.

From Remitly Global, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q2 TTM
Buybacks (TTM)
$89.1M
Returned to shareholders
23%
of free cash flow
Buybacks, last 3 fiscal years
$23.9M
Diluted share count
+4.6%
year over year
Total shareholder yield
1.7%
dividends 0.0% + buybacks 1.7% of market value
R&D spending
17.5%
of revenue

Competitors: side by side with peers

Closest by revenue in transaction & payment processing services
Last 12 months unless stated RELY WSE PSFE PAY JKHY WEX Median
Revenue, last 12 months $1.8bn $1.9bn $1.7bn $1.4bn $2.5bn $2.9bn $1.6bn
Revenue growth, last 12 months 23.8% 22.5% −0.2% 26.5% 7.1% 9.7% 9.3%
Revenue growth, 3-year average 31.4% — — 34.7% 7.0% 4.8% 7.9%
Revenue growth, latest quarter 20.2% — — 19.8% 4.7% 12.8% 14.0%
Gross margin — — 56.4% 25.2% 43.7% 60.4% 45.0%
Operating margin 9.5% 31.2% 4.2% 8.2% 25.0% 26.6% 9.8%
Operating margin, 3-year average 0.5% — — 6.4% 23.7% 25.8% 11.1%
Net margin 16.9% 26.3% −10.7% 6.7% 19.8% 14.0% 6.1%
Cash from operations / revenue 22.4% 398.9% 13.9% 11.8% 29.9% −4.3% 18.4%
Free-cash-flow margin 21.4% 397.9% 13.1% 11.8% 27.3% −12.8% 16.1%
Free-cash-flow margin, 3-year average 15.8% — — 10.8% 25.0% 9.5% 16.3%
Stock pay / revenue 7.9% 5.0% 1.9% 1.7% 1.3% 4.5% 2.2%
Change in share count 4.6% −1.5% −6.2% 0.4% −1.4% −6.1% −2.7%

Median of all 30 companies we cover in transaction & payment processing services. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

30 transaction & payment processing services companies
Measure Company Peer median Rank
Revenue growth Growth 23.8% 9.7% 7 of 30
Change in growth rate Growth -3.5pp -0.3pp 27 of 30
Operating margin Profitability 9.5% 9.8% 16 of 29
Net margin Profitability 16.9% 6.6% 8 of 30
Free-cash-flow margin Cash generation 21.4% 18.4% 11 of 25
Stock pay as % of revenue Cash generation 7.9% 2.3% 25 of 30
Long-term debt as % of assets Balance sheet 0.0% 25.3% 1 of 19
Change in share count Balance sheet 4.6% -1.7% 23 of 26

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Geography
Region Revenue Share YoY
United States $1.1B 66.2% ▲ 31.2%
Rest of World $388M 23.7% ▲ 30.7%
Canada $164M 10.0% ▲ 16.1%

From Remitly Global, Inc.'s 10-K filed February 18, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$4.1B
Institutions reporting
348
Shares held vs prior quarter
▲ 6.3%
Positions opened / closed
88 / 34

Top buyers and sellers, Q2 2026: 223 institutions bought and 109 sold ; the biggest buyer was FMR LLC (+11.0M shares) and the biggest seller Naspers Ltd (−13.4M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
FMR LLC $488M 21.8M 11.8% ▲ 102.7%
Blackrock, Inc. $411M 18.3M 9.9% ▲ 24.8%
Baillie Gifford & Co $278M 12.4M 6.7% ▲ 4.8%
Vanguard Portfolio Management LLC $231M 10.3M 5.6% ▲ 38.3%
Goldman Sachs Group Inc $191M 8.5M 4.6% ▲ 273.6%
Vanguard Capital Management LLC $179M 8.0M 4.3% ▲ 6.2%
State Street Corp $154M 6.9M 3.7% ▲ 77.1%
Generation Investment Management LLP $110M 4.9M 2.7% ▼ 36.4%
Geode Capital Management, LLC $107M 4.8M 2.6% ▲ 11.1%
Marshall Wace, LLP $107M 4.8M 2.6% ▼ 25.7%
Divisadero Street Capital Management, LP $83.3M 3.7M 2.0% ▲ 253.0%
Dimensional Fund Advisors LP $77.3M 3.4M 1.9% ▲ 9.9%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Remitly Global, Inc.'s complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $234M 72 trades by 10 insiders · 13% under pre-set plans
Net ▼ $234M net selling
Insider Date Trade Shares Price Value
Hug Joshua Director October 7, 2026 Sell pre-set plan 5,500 $23.07 $126,885
Hug Joshua Director October 6, 2026 Sell pre-set plan 5,500 $23.18 $127,490
Hug Joshua Director September 9, 2026 Sell pre-set plan 5,500 $24.30 $133,650
Hug Joshua Director September 8, 2026 Sell pre-set plan 5,500 $25.03 $137,665
Morris Nigel W Director September 2, 2026 Sell 6,300 $27.03 $170,289
Sharma Pankaj Chief Business Officer August 28, 2026 Sell pre-set plan 21,000 $26.39 $554,190
Mehta Vikas D Chief Financial Officer August 25, 2026 Sell pre-set plan 25,000 $26.15 $653,750
Morris Nigel W Director August 24, 2026 Sell 16,751 $26.56 $444,907
Morris Nigel W Director August 18, 2026 Sell 3,249 $26.53 $86,196
Morris Nigel W Director August 17, 2026 Sell 20,000 $26.26 $525,200
Morris Nigel W Director August 14, 2026 Sell 20,000 $26.20 $524,000
Morris Nigel W Director August 13, 2026 Sell 11,000 $25.59 $281,490

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around November 4, 2026 estimated from the company's past filing pattern, not announced

  • August 5, 2026
  • May 6, 2026
  • February 18, 2026
  • November 5, 2025
  • August 6, 2025
  • May 7, 2025

Recent SEC filings

Data status

When each part of this page on Remitly Global, Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Remitly Global, Inc. in brief

What does Remitly Global, Inc. do?
Remitly Global, Inc. is a US-listed company in the transaction & payment processing services industry. Its financial year ends in December.
What is Remitly Global, Inc.'s stock ticker?
Remitly Global, Inc. trades under the ticker RELY on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Remitly Global, Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Remitly Global, Inc. reported revenue of $1.8B, 23.8% higher than a year earlier, according to its SEC filings.
What is Remitly Global, Inc.'s free cash flow?
Remitly Global, Inc.'s free-cash-flow margin is 21.4% of revenue over the trailing twelve months, ranking 11 of the 25 transaction & payment processing services companies we cover.
What is Remitly Global, Inc.'s fair value (intrinsic value) per share?
Our discounted-cash-flow model of Remitly Global, Inc.'s free cash flow after stock-based pay gives ~$30 per share in the base case, and ~$24–$38 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Remitly Global, Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are FMR LLC, Blackrock, Inc. and Baillie Gifford & Co. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Remitly Global, Inc. buying back stock, and does it pay a dividend?
Remitly Global, Inc. spent $89.1M on share repurchases over the trailing twelve months, and its diluted share count still rose 4.6% over the year.
What is Remitly Global, Inc.'s market cap?
On November 2, 2026, Remitly Global, Inc.'s market capitalisation was about $5.5B, with a price-to-earnings ratio of 18.1 and net debt of -$673M. Market figures come from third-party market data and may be delayed.
How much debt does Remitly Global, Inc. have?
Remitly Global, Inc.'s debt-to-equity ratio is 0.3%, from its latest balance sheet. The financial health section below sets out its other solvency checks.
Who are Remitly Global, Inc.'s competitors?
In our Transaction & Payment Processing Services peer group, the companies closest to Remitly Global, Inc. are Wise Group plc, Paysafe Ltd, Paymentus Holdings, Inc., Jack Henry & Associates Inc and WEX Inc. The side-by-side comparison below sets their revenue, margins and growth against Remitly Global, Inc.'s.
Are insiders buying or selling Remitly Global, Inc. stock?
Over the last 12 months, Remitly Global, Inc.'s directors and officers reported 0 open-market purchases and 72 sales on Form 4. The insider trading page charts every trade.
When is Remitly Global, Inc.'s next earnings date?
Around November 4, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Remitly Global, Inc. announces its own schedule.