YOLFTbeta
Remitly Global Inc

Remitly Global Inc

RELY · NASDAQ · Technology / Software - Infrastructure

22.55USD-0.24 (-1.05%)

Price History

Full chart

Market Stats

Previous Close22.79
Open22.89
Day Range22.07 – 22.99
52-Week Range12.08 – 27.48
Volume1.69M
Market Cap4.52B
P/E (TTM)15.37
Forward P/E0.00
EPS1.39
Dividend Yield0.00%
Beta0.36
50-Day Avg24.11
200-Day Avg19.30

About

Remitly Global, Inc., a cross-border payment company engages in the provision of digital financial services in the United States, Canada, and internationally. It offers cross-border remittances and complementary financial services through mobile application and website. Remitly Global, Inc. was incorporated in 2011 and is headquartered in Seattle, Washington.

Company Details

  • SectorTechnology
  • IndustrySoftware - Infrastructure
  • CEOMr. Sebastian J. Gunningham
  • Employees3.20K
  • Headquarters401 Union Street, Seattle, WA, United States, 98101, USA
  • Websitehttps://www.remitly.com

Leadership

  • Mr. Matthew B. OppenheimerCo-Founder& Chairman of the Board · b. 1984
  • Mr. Joshua HugCo-Founder & Director · b. 1980
  • Mr. Vikas MehtaChief Financial Officer · b. 1979
  • Mr. Pankaj SharmaChief Business Officer · b. 1986
  • Mr. Sebastian J. GunninghamCEO & Director · b. 1963
  • Mr. Tai-Hong FungChief Accounting Officer · b. 1974
  • David BeckelHead of Investor Relations & Strategic Finance
  • Ms. Ronit PeledChief People Officer
  • Cameron CohenExecutive VP, General Counsel & Secretary

Financials

Income Statement

Currency: USD2002-12-312003-12-312004-12-312005-12-312007-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue143.00M---637.73M-16.50M43.93M43.51M42.05M1.15B1.25B1.35B126.57M256.96M458.61M653.56M944.28M1.26B1.64B
Growth (%)-------+166.34%-0.96%-3.37%+2624.63%+9.09%+7.74%-90.60%+103.02%+78.48%+42.51%+44.48%+33.85%+29.37%
Cost of Revenue------9.98M22.71M23.43M25.70M1.07B1.18B1.29B73.30M135.84M237.13M326.93M411.63M515.52M700.77M
Gross Profit143.00M---637.73M-6.51M21.22M20.08M16.34M74.90M66.70M59.10M53.26M121.11M221.47M326.63M532.65M748.44M934.37M
Gross Margin100.00%---100.00%-39.47%48.30%46.16%38.87%6.54%5.34%4.39%42.08%47.13%48.29%49.98%56.41%59.21%57.14%
Operating Expense40.81M---582.74M-18.03M23.94M26.01M14.62M57.50M135.50M188.40M103.87M150.30M261.20M447.66M646.85M787.53M852.73M
Operating Income102.19M584.51M308.41M327.95M54.99M-28.64M-11.52M-2.72M-5.93M1.73M17.40M-68.80M-129.30M-50.60M-29.18M-39.72M-121.04M-114.19M-39.09M81.65M
Operating Margin71.46%---8.62%--69.84%-6.20%-13.62%4.11%1.52%-5.51%-9.60%-39.98%-11.36%-8.66%-18.52%-12.09%-3.09%4.99%
EBITDA178.06M603.69M340.59M447.66M88.42M-28.45M-9.46M409.00K-4.00M3.04M63.40M-14.00M-76.60M-46.87M-26.15M-31.20M-104.95M-96.47M-8.96M104.27M
EBITDA Margin124.52%---13.86%--57.32%0.93%-9.20%7.23%5.53%-1.12%-5.69%-37.03%-10.18%-6.80%-16.06%-10.22%-0.71%6.38%
Net Income102.19M273.72M849.58M769.94M-73.56M-4.20M-9.35M-3.97M-10.03M3.15M-31.70M-103.20M-120.80M-51.39M-32.56M-38.76M-114.02M-117.84M-36.98M67.93M
Net Income Margin71.46%----11.54%--56.65%-9.03%-23.06%7.49%-2.77%-8.26%-8.97%-40.60%-12.67%-8.45%-17.45%-12.48%-2.93%4.15%
R&D-------------32.01M40.78M64.09M138.72M219.94M269.82M313.91M
R&D as % of Total Revenue-------------25.29%15.87%13.98%21.23%23.29%21.35%19.20%
Interest Expense4.36M155.40M202.56M340.70M64.28M4.67M3.88M4.16M3.94M905.00K33.40M34.70M200.00K1.61M1.19M1.26M1.30M2.35M3.24M7.61M
Interest Expense % of Total Revenue3.05%---10.08%-23.53%9.48%9.06%2.15%2.92%2.78%0.01%1.27%0.46%0.27%0.20%0.25%0.26%0.47%

Balance Sheet

Currency: USD2001-12-312002-12-312003-12-312004-12-312005-12-312007-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets7.91B6.57B9.52B10.11B11.48B12.89B477.18M143.02M125.71M90.12M121.92M700.90M645.50M592.10M266.06M362.99M625.66M695.95M1.04B1.01B1.46B
Total Liabilities7.55B6.17B8.86B9.09B10.13B11.78B386.03M79.18M67.48M40.20M36.21M559.30M612.10M673.20M149.98M186.61M145.34M215.87M506.97M347.40M589.92M
Total Equity357.77M399.02M664.73M1.01B1.36B1.11B91.15M63.84M58.23M49.92M85.71M141.60M33.40M-81.10M116.08M176.38M480.33M480.09M529.34M665.47M868.79M
Cash151.20M236.38M835.65M904.98M768.64M761.64M355.70M52.44M53.70M47.88M62.87M35.70M27.20M24.90M182.35M186.69M403.26M300.63M323.71M368.10M542.43M
Total Debt651.57M------56.73M47.05M17.20M13.60M314.40M356.50M8.00M53.02M86.97M6.15M9.20M142.99M16.29M220.26M
Net Debt500.36M-236.38M-835.65M-904.98M-768.64M-761.64M-355.70M4.29M-6.65M-30.68M-49.27M278.70M329.30M-16.90M-129.34M-99.73M-397.12M-291.44M-180.72M-351.81M-322.17M

Cash Flow

Currency: USD2002-12-312003-12-312004-12-312005-12-312007-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow3.91B547.99M502.79M-151.90M73.12M-15.63M2.29M22.95M-13.93M92.50M9.30M-12.90M8.44M-114.21M-18.39M-108.66M-53.59M194.49M325.08M
Investing Cash Flow--476.56M404.45M--1.76B11.66M-13.58M7.21M8.53M2.87M-477.60M-17.10M-24.40M-7.21M-4.37M-4.53M-7.31M-50.04M-17.70M-69.93M
Financing Cash Flow-2.50B100.88M-1.42B201.00K10.78M-8.20M-34.52M26.02M358.00M35.00M36.70M117.02M122.22M238.20M14.59M126.65M-127.44M-89.78M
Capital Expenditure019.16M000019.00K83.00K281.00K197.00K26.00M30.80M23.80M7.21M4.37M4.53M3.68M9.10M17.70M29.43M
Free Cash Flow3.91B528.83M502.79M-151.90M73.12M-15.65M2.20M22.67M-14.13M66.50M-21.50M-36.70M1.23M-118.58M-22.93M-112.33M-62.69M176.78M295.65M
Dividends Paid-10.52M16.61M-33.35M-------600.00K130.80M--99.00K---
FCF to OCF100.00%96.50%100.00%-100.00%100.00%100.12%96.37%98.78%101.41%71.89%-231.18%284.50%14.53%103.83%124.65%103.39%116.99%90.90%90.95%
Dividend Paid to FCF-1.99%3.30%-21.96%--------1.63%10669.17%---0.09%---

Earnings

Report DateMar 31, 2020Jun 30, 2020Sep 30, 2020Dec 31, 2020Mar 31, 2021Jun 30, 2021Sep 24, 2021Nov 10, 2021Mar 2, 2022May 5, 2022Aug 3, 2022Nov 2, 2022Feb 22, 2023May 3, 2023Aug 2, 2023Nov 1, 2023Feb 21, 2024May 1, 2024Jul 31, 2024Oct 30, 2024Feb 19, 2025May 7, 2025Aug 6, 2025Nov 5, 2025Feb 18, 2026May 6, 2026Aug 5, 2026Nov 4, 2026
EPS Estimate0.000.000.000.000.000.000.00-0.14-0.10-0.12-0.11-0.07-0.14-0.05-0.160.03-0.190.060.110.120.100.170.180.020.020.290.090.12
EPS Actual-0.63-0.39-0.26-0.26-0.34-0.06-0.05-0.01-0.10-0.09-0.04-0.04-0.110.020.100.03-0.190.080.100.110.190.190.190.040.190.410.95-
Surprise-------92.86%0.00%25.00%63.64%42.86%21.43%140.00%162.50%0.00%0.00%33.33%-9.09%-8.33%90.00%11.76%5.56%100.00%850.00%41.38%955.56%-
Timing------Pre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours

Key Statistics & Ratios

Market Cap4.52B
Enterprise Value3.64B
Trailing P/E15.37
Forward P/E0.00
Price / Sales2.50
Price / Book3.79
EPS1.39
Book Value5.32
Revenue (TTM)1.81B
Gross Profit (TTM)1.11B
EBITDA199.21M
Profit Margin16.86%
Operating Margin14.32%
Return on Equity32.25%
Return on Assets8.54%
Shares Outstanding211.68M
Shares Float200.17M
Beta0.36
Dividend Yield0.00%
Dividend Rate0.00
Payout Ratio0.00%

Analyst Ratings

Buy
Based on 12 analystsTarget 32.33
  • Strong Buy
    4
  • Buy
    6
  • Hold
    2

Ownership Breakdown

Institutions
88.61%
Insiders
5.34%
Retail / Other
6.05%

Top Institutional Holders

  • BlackRock Inc
    14.69M6.94%
  • Baillie Gifford & Co Limited.
    12.38M5.85%
  • FMR Inc
    10.74M5.07%
  • Vanguard Capital Management, LLC
    7.53M3.56%
  • Vanguard Portfolio Management, LLC
    7.46M3.52%
  • Marshall Wace Asset Management Ltd
    6.40M3.02%
  • Bank of America Corp
    5.15M2.43%
  • Generation Investment Management LLP
    4.89M2.31%
  • Arrowstreet Capital Limited Partnership
    4.74M2.24%
  • Geode Capital Management, LLC
    4.29M2.03%
  • State Street Corp
    3.88M1.83%
  • Dimensional Fund Advisors, Inc.
    3.45M1.63%
  • Capital Research & Mgmt Co - Division 3
    2.99M1.41%
  • Wellington Management Company LLP
    2.84M1.34%

Top Fund Holders

  • iShares Core S&P Small-Cap ETF
    10.51M4.96%
  • Strategic Advisers Fidelity US TtlStk
    6.45M3.05%
  • Vanguard MStar Total Stk Mkt Idx Invest
    5.70M2.69%
  • Vanguard Small Cap Index
    4.12M1.95%
  • iShares Russell 2000 ETF
    4.05M1.91%
  • American Funds SMALLCAP World A
    2.90M1.37%