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Remitly Global, Inc.
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NASDAQ: RELY Technology IT 🔎 Screen
🏹 Trader: 🚀 Stage 2 + Near High 📈 Stage 2 🎯 Near 52W High 💎 VCP Breakout | BRS 72 Forming View all →
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$5.2B
Market Cap
38.3
P/E
0.26
PEG
14.7%
ROCE
32.2%
ROE
0.03
D/E
10.3%
OPM
-9.8%
% from 52W High
87
α RS
🔍 RELY is showing a multi-screen setup because it matches 13 of 39 tracked screener presets, Sector RRG has Technology in the Improving quadrant with the trail still strengthening, RS Rating is 87, and it has maintained a 17-day Near 52-Week High momentum persistence. The main caution: the Magic Formula preset's Backtest win rate is only 48.9%. Net: Mixed signal stack, not a recommendation. ? Conviction RRG RS Rating Momentum Streaks Backtest
Sources
Conviction 13/39 · Technology in Improving quadrant · RS Rating 87 · Near 52-Week High streak: 17d · Backtest win rate 48.9%
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🌏 Global Investor Returns
Currency-adjusted total returns for RELY including FX impact
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📈 Price History
Ratio Health
— Excellent
— Good
— Average
— Poor
By Category
📊 Peer Medians
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.

Key Ratios Snapshot
📈 Growth Pattern
📊 Quick Scorecard
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Manager Shares Value % of Fund Period
Jim Simons Renaissance Technologies LLC 30.0K $470K 0.00% Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

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📊 MIXED Record revenue $453M, adjusted EBITDA $102M, strong growth in high-value senders
Revenue & Profitability
Revenue was $453 million, up 25% YoY, exceeding guidance by $16 million. GAAP net income was $49 million, up over 300% YoY from $11 million. Adjusted EBITDA was $102 million (22% margin), free cash flow $70 million. RLTE (revenue less transaction expenses) grew 28% to $308 million.
Outlook
Management sees a structural shift from offline to digital remittances driven by U.S. regulatory changes, which boosted new customer acquisitions. AI and stablecoins are expected to accelerate growth. Geopolitical events and higher tax refunds provided near-term tailwinds. For 2026, revenue growth is expected to accelerate in the second half to around 20%.
Growth Drivers
Key growth levers include: core send gains via distribution expansions (WhatsApp, ChatGPT, FedNow, RTP); high-value senders (volume up 73% YoY); Remitly Business (volume up 30% QoQ, over 20,000 users); new receiver product in six countries; and borrow/spend/save revenue more than doubled YoY. Growth accelerators are expected to exceed 10% of revenue by 2028.
Balance Sheet & CapEx
Not discussed in this earnings call.
Margins
Adjusted EBITDA margin was 22% in Q1 (record). RLTE margin improved 156 bps YoY to 68%. Marketing spend per active customer was $8.56, with marketing as 18.2% of revenue (67 bps improvement). Tech/dev and G&A expenses also showed leverage. For full-year 2026, adjusted EBITDA margin expected around 19%, a 250 bps YoY expansion.
Key Risks
Risks flagged include transaction loss volatility (e.g., a sophisticated fraud attack in Q2 2025), dependence on regulatory changes (U.S. remittance tax tailwind may be temporary), and geopolitical events that can cause volume surges. Management also noted the uncertain duration of elevated tax refund benefits.
Generated by AI · Q1 2026 results · Not investment advice
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✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter
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📞 Earnings Call Transcripts (5)
Q2 2026 Q2 2026 2026-08-05
Record Q2 revenue and adjusted EBITDA exceeded guidance, with over 10 million active users and strong growth in core and new products. AI-driven efficiencies boosted margins and free cash flow, while new offerings like the Global Card and stablecoin wallet diversified revenue.
Q1 2026 Q1 2026 2026-05-06
Record Q1 revenue and profitability driven by strong customer growth, high-value senders, and business segment expansion. AI-driven efficiencies and disciplined capital allocation supported margin gains and accelerated share repurchases.
Q4 2025 Q4 2025 2026-02-18
Delivered 29% revenue growth and record profitability in 2025, driven by strong execution, high-amount sender momentum, and new product launches. 2026 guidance calls for 19%-20% revenue growth, margin expansion, and increased share repurchases, with AI and product innovation as key levers.
Q3 2025 Q3 2025 2025-11-05
Q3 2025 delivered 25% revenue growth and 15% adjusted EBITDA margin, with strong gains in business and high-amount senders, and Flex product adoption. 2026 guidance anticipates high-teens revenue growth, aided by digital remittance tax tailwinds but tempered by immigration headwinds.
Q2 2025 Q2 2025 2025-08-06
Q2 2025 delivered 34% revenue growth and strong profitability, driven by product innovation, new business and membership launches, and expansion into stablecoins and AI. Guidance was raised for both revenue and EBITDA, with continued investment in growth and capital flexibility.
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📊 Analysis Methodology

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Financial Model
Projections are built from each company's audited annual financials (Income Statement, Balance Sheet, Cash Flow) over the last 5 fiscal years. Forward assumptions — revenue growth %, EBITDA margin, D&A (USD millions), interest expense, tax rate, and capex — are AI-generated using historical context and refreshed twice a year: after the December results season and after the September/Q4 results season.

DCF Valuation
Fair Value = Σ(FCFt / (1+WACC)t) + Terminal Value. Terminal Value uses the Gordon Growth Model: FCF5 × (1+g) / (WACC−g). Default WACC: 10% (US risk-free ~4.5%, equity risk premium ~5.5%). Default terminal growth: 3% (long-run US nominal GDP proxy).

CAGR Tracker
Expected 5-year CAGR = (DCF Fair Value / Current Price)1/5 − 1. Assumes fair value is reached in exactly 5 years — a mechanical estimate only.

Data Sources & Limitations
Financial statements sourced from public filings. Prices updated daily. Forward assumptions are AI-generated. All monetary values in USD millions. Non-US ADR companies may have currency conversion inaccuracies. Models are point-in-time and do not update intra-quarter or account for M&A, macro shocks, or extraordinary items.

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Investment Risk:
Investing in securities, including US equities and ETFs, involves inherent risks including the potential loss of principal. All investments are subject to market fluctuations, economic conditions, regulatory changes, and other factors that may affect their value. Past performance is not indicative of future results. This analysis is provided for informational and educational purposes only and should not be construed as investment advice under any circumstances.

No Investment Recommendation:
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Information Sources:
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