Remitly Global, Inc.

NasdaqGS:RELY Stock Report

Market Cap: US$4.3b

Remitly Global Future Growth

Future criteria checks 5/6

Remitly Global is forecast to grow earnings and revenue by 66.5% and 17.2% per annum respectively. EPS is expected to grow by 68.2% per annum. Return on equity is forecast to be 23% in 3 years.

Key information

66.5%

Earnings growth rate

68.2%

EPS growth rate

Diversified Financial earnings growth-4.3%
Revenue growth rate17.2%
Future return on equity23.0%
Analyst coverage

Good

Last updated04 Dec 2024

Recent future growth updates

Recent updates

Remitly: Remittances Play Might Pay Off

Nov 18

A Piece Of The Puzzle Missing From Remitly Global, Inc.'s (NASDAQ:RELY) 38% Share Price Climb

Nov 02
A Piece Of The Puzzle Missing From Remitly Global, Inc.'s (NASDAQ:RELY) 38% Share Price Climb

Remitly Faces Softening Global Macro Conditions (Rating Downgrade)

Sep 06

Fewer Investors Than Expected Jumping On Remitly Global, Inc. (NASDAQ:RELY)

Aug 28
Fewer Investors Than Expected Jumping On Remitly Global, Inc. (NASDAQ:RELY)

Remitly Global: Solid Macro Tailwinds And Track Record Of Growth

Jun 28

Slammed 26% Remitly Global, Inc. (NASDAQ:RELY) Screens Well Here But There Might Be A Catch

May 03
Slammed 26% Remitly Global, Inc. (NASDAQ:RELY) Screens Well Here But There Might Be A Catch

Remitly: An Interesting Growth Play Is Awaiting Operating Leverage

Apr 22

Remitly Global, Inc. (NASDAQ:RELY) Analysts Are Pretty Bullish On The Stock After Recent Results

Feb 24
Remitly Global, Inc. (NASDAQ:RELY) Analysts Are Pretty Bullish On The Stock After Recent Results

Remitly Global, Inc. (NASDAQ:RELY) Not Lagging Industry On Growth Or Pricing

Feb 13
Remitly Global, Inc. (NASDAQ:RELY) Not Lagging Industry On Growth Or Pricing

Buy Remitly As Fears Around Marketing Spend Are Unfounded

Jan 30

Remitly Global, Inc. (NASDAQ:RELY) Shares Slammed 29% But Getting In Cheap Might Be Difficult Regardless

Nov 05
Remitly Global, Inc. (NASDAQ:RELY) Shares Slammed 29% But Getting In Cheap Might Be Difficult Regardless

We're Hopeful That Remitly Global (NASDAQ:RELY) Will Use Its Cash Wisely

Oct 23
We're Hopeful That Remitly Global (NASDAQ:RELY) Will Use Its Cash Wisely

Remitly Global Grows Revenue But Operating Losses Worsen

Oct 08

Remitly Global: Time To Get Upbeat

Aug 28

Earnings and Revenue Growth Forecasts

NasdaqGS:RELY - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/20261,865611822087
12/31/20251,558-91211299
12/31/20241,255-513061859
9/30/20241,177-6695110N/A
6/30/20241,082-104-21-7N/A
3/31/20241,010-111-119-108N/A
12/31/2023944-118-63-54N/A
9/30/2023871-102-115-106N/A
6/30/2023798-100-197-189N/A
3/31/2023721-119-159-151N/A
12/31/2022654-114-116-109N/A
9/30/2022598-111-71-66N/A
6/30/2022550-91-58-53N/A
3/31/2022504-54-46-41N/A
12/31/2021459-39-23-18N/A
9/30/2021403-31-28-24N/A
6/30/2021354-21-11-6N/A
3/31/2021302-27-49-45N/A
12/31/2020257-33-119-114N/A
12/31/2019127-6418N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: RELY is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.6%).

Earnings vs Market: RELY is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: RELY is expected to become profitable in the next 3 years.

Revenue vs Market: RELY's revenue (17.2% per year) is forecast to grow faster than the US market (9.1% per year).

High Growth Revenue: RELY's revenue (17.2% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: RELY's Return on Equity is forecast to be high in 3 years time (23%)

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/18 08:57
End of Day Share Price 2024/12/18 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Remitly Global, Inc. is covered by 11 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Ramsey El-AssalBarclays
Rufus HoneBMO Capital Markets Equity Research
Andrew SchmidtCitigroup Inc