Remitly Global, Inc.

NasdaqGS:RELY Stock Report

Market Cap: US$4.7b

Remitly Global Management

Management criteria checks 4/4

We currently do not have sufficient information about the CEO.

Key information

Matt Oppenheimer

Chief executive officer

US$291.1k

Total compensation

CEO salary percentage99.6%
CEO tenure14yrs
CEO ownership2.2%
Management average tenure2.9yrs
Board average tenure3.7yrs

Recent management updates

Recent updates

Remitly Global: I Expect Consistent Profitability Going Forward

Jan 15

Remitly: Interesting Small-Cap With Large TAM But Lots Of Competition

Dec 22

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

CEO Compensation Analysis

How has Matt Oppenheimer's remuneration changed compared to Remitly Global's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

-US$66m

Jun 30 2024n/an/a

-US$104m

Mar 31 2024n/an/a

-US$111m

Dec 31 2023US$291kUS$290k

-US$118m

Sep 30 2023n/an/a

-US$102m

Jun 30 2023n/an/a

-US$100m

Mar 31 2023n/an/a

-US$119m

Dec 31 2022US$293kUS$290k

-US$114m

Sep 30 2022n/an/a

-US$111m

Jun 30 2022n/an/a

-US$91m

Mar 31 2022n/an/a

-US$54m

Dec 31 2021US$9mUS$290k

-US$39m

Sep 30 2021n/an/a

-US$31m

Jun 30 2021n/an/a

-US$21m

Mar 31 2021n/an/a

-US$27m

Dec 31 2020US$289kUS$285k

-US$33m

Compensation vs Market: Matt's total compensation ($USD291.15K) is below average for companies of similar size in the US market ($USD6.65M).

Compensation vs Earnings: Matt's compensation has been consistent with company performance over the past year.

CEO

Matt Oppenheimer (40 yo)

14yrs

Tenure

US$291,149

Compensation

Mr. Matthew B. Oppenheimer, also known as, Matt, Co-Founded Remitly Global, Inc. (formerly known as Remitly, Inc.) in 2011 and serves as its President, Chief Executive Officer and Director. Mr. Ocommpenhei...

Leadership Team

NamePositionTenureCompensationOwnership
Matthew Oppenheimer
Co-Founder14yrsUS$291.15k2.21%
$ 104.0m
Joshua Hug
Co-Founder & Vice Chairno dataUS$4.12m2.09%
$ 98.3m
Pankaj Sharma
Chief Business Officer3.1yrsUS$3.95m0.084%
$ 4.0m
Vikas Mehta
Chief Financial Officerless than a yearno datano data
Gail Miller
Chief Accounting Officer1.7yrsno data0.012%
$ 575.3k
Ankur Sinha
Chief Product Officer & CTO2.9yrsUS$11.60m0.18%
$ 8.5m
Stephen Shulstein
Vice President of Investor Relationsno datano datano data
Saema Somalya
Chief Legal & Corporate Affairs Officer4.1yrsno datano data
Ronit Peled
Chief People Officerless than a yearno datano data
Karim Meghji
Executive Advisor2.9yrsno datano data

2.9yrs

Average Tenure

45yo

Average Age

Experienced Management: RELY's management team is considered experienced (2.9 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Matthew Oppenheimer
Co-Founderno dataUS$291.15k2.21%
$ 104.0m
Joshua Hug
Co-Founder & Vice Chairno dataUS$4.12m2.09%
$ 98.3m
Phyllis Campbell
Independent Director1.8yrsUS$547.46k0.0090%
$ 422.2k
Nigel Morris
Independent Director3.5yrsUS$205.09k0.92%
$ 43.3m
Phillip Riese
Lead Independent Director8.1yrsUS$226.79k0.053%
$ 2.5m
Margaret Smyth
Independent Director3.7yrsUS$216.93k0.017%
$ 824.1k
Ryno Blignaut
Independent Director1.8yrsUS$547.46k0.011%
$ 503.2k
Laurent Le Moal
Independent Director7.3yrsUS$204.60k0.012%
$ 573.4k
Bora Chung
Independent Director4.2yrsUS$212.00k0.058%
$ 2.7m

3.7yrs

Average Tenure

52yo

Average Age

Experienced Board: RELY's board of directors are considered experienced (3.7 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/30 09:29
End of Day Share Price 2025/01/30 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