Remitly Global, Inc.
RELY
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Bull / bear case
Site-generated summary from fundamentals, news, and score — not investment advice. As of 2026-10-08.
- Remitly operates in the growing digital remittance market, which is expected to continue expanding as more consumers shift to online money transfer services.
- Revenue increased by 9% compared to the prior quarter, reaching $495 million.
- Operating margin expanded to 13.5%, indicating improved efficiency.
- The company's high debt-to-equity ratio of 3.396 raises concerns about financial stability and risk.
- In 2023, Remitly reported a net income loss of $117.84 million, highlighting ongoing profitability challenges.
- The operating margin was negative at -12.1% in 2023, reflecting operational difficulties.
Fundamentals
| Market cap | $4.98B | Enterprise value | $4.34B | Trailing P/E | 17.04 | Forward P/E | 14.56 |
| PEG | — | Price / book | 4.42 | Beta | 0.39 | Dividend yield | 0.00% |
| Revenue growth | 20.2% | Earnings growth | 3000.0% | Gross margin | 61.5% | Operating margin | 14.3% |
| Profit margin | 16.9% | ROE | 32.2% | ROA | 8.5% | Debt / equity | 0.03 |
| Current ratio | 3.18 | Free cash flow | $196.12M | Analyst recommendation | strong_buy | Mean target | $32.11 |
| 52w high | $27.48 | 52w low | $12.08 |
Quarterly
| 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | |
|---|---|---|---|---|---|
| Revenue | $495M | $453M | $442M | $419M | $412M |
| Op margin | 13.5% | 11.9% | 8.8% | 2.8% | 3.6% |
| Net income | $206M | $49.1M | $41.2M | $8.8M | $6.5M |
| Gross margin | 62.1% | 62.1% | 62.7% | 58.7% | 59.0% |
| Gross profit | $307M | $281M | $277M | $246M | $243M |
| Operating income | $66.7M | $53.7M | $38.8M | $11.8M | $14.6M |
- Revenue +9% vs prior quarter ($495M vs $453M).
- Gross margin 62.1% (was 62.1% prior quarter).
- Operating margin expanded to 13.5%.
Yearly (6y)
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Revenue | $1.6B | $1.3B | $944M | $654M |
| Op margin | 4.7% | -3.1% | -12.1% | -18.5% |
| Net income | $67.9M | -$37.0M | -$118M | -$114M |
| Gross margin | 60.2% | 59.2% | 56.4% | 50.0% |
| Gross profit | $984M | $748M | $533M | $327M |
| Operating income | $77.5M | -$39.1M | -$114M | -$121M |
No flags
• No distress or material-risk keywords in recent headlines (keyword scan only — not a guarantee).
News
2026-10-08 · 3 Internet Stocks on Our Watchlist
2026-10-07 · 3 Russell 2000 Stocks for Long-Term Investors
2026-10-06 · Why Are Remitly (RELY) Shares Soaring Today
2026-10-02 · Top Bank Names 6 Stocks With Major Catalysts Ahead
2026-10-02 · Remitly’s September Pullback Tests a Still-Strong Growth Story
2026-09-29 · Mastercard Expands B2B Payments With AI-Powered Analytics
2026-09-26 · Did Q2 Beats and 10 Million Users Just Shift Remitly Global's (RELY) Investment Narrative?
2026-09-25 · FIS Modernizes Retirement Recordkeeping With Cloud-Native Platform
2026-09-24 · Remitly Stock Is Down From Its Highs, Can It Deliver Better Returns By 2028?
2026-09-24 · 2 Volatile Stocks for Long-Term Investors and 1 Facing Challenges
2026-09-23 · Buy 3 Mobile Payment Stocks to Tap Solid Short-Term Upside Potential
Price (daily)
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