Remitly Global, Inc.

NasdaqGS:RELY Stock Report

Market Cap: US$4.3b

Remitly Global Management

Management criteria checks 4/4

Remitly Global's CEO is Matt Oppenheimer, appointed in Jan 2011, has a tenure of 13.92 years. total yearly compensation is $291.15K, comprised of 99.6% salary and 0.4% bonuses, including company stock and options. directly owns 2.22% of the company’s shares, worth $95.62M. The average tenure of the management team and the board of directors is 2.8 years and 3.6 years respectively.

Key information

Matt Oppenheimer

Chief executive officer

US$291.1k

Total compensation

CEO salary percentage99.6%
CEO tenure13.9yrs
CEO ownership2.2%
Management average tenure2.8yrs
Board average tenure3.6yrs

Recent management 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

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 ($USD291.15K) is below average for companies of similar size in the US market ($USD6.56M).

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

CEO

Matt Oppenheimer (40 yo)

13.9yrs

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-Founder13.9yrsUS$291.15k2.22%
$ 95.6m
Joshua Hug
Co-Founder & COO13.9yrsUS$4.12m2.09%
$ 89.8m
Rene Yoakum
Executive Vice President of Customer & Culture2.6yrsUS$3.17m0.072%
$ 3.1m
Pankaj Sharma
Chief Business Officer3yrsUS$3.95m0.084%
$ 3.6m
Vikas Mehta
Chief Financial Officerless than a yearno datano data
Gail Miller
Chief Accounting Officer1.6yrsno data0.012%
$ 525.3k
Ankur Sinha
Chief Technology Officer2.8yrsUS$11.60m0.18%
$ 7.8m
Stephen Shulstein
Vice President of Investor Relationsno datano datano data
Saema Somalya
Chief Legal & Corporate Affairs Officer4yrsno datano data
Rina Hahn
Chief Marketing Officer2.5yrsno datano data
Ronit Peled
Chief People Officerless than a yearno datano data
Karim Meghji
Executive Advisor2.8yrsno datano data

2.8yrs

Average Tenure

46yo

Average Age

Experienced Management: RELY's management team is considered experienced (2.8 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Matthew Oppenheimer
Co-Founderno dataUS$291.15k2.22%
$ 95.6m
Phyllis Campbell
Independent Director1.7yrsUS$547.46k0.0090%
$ 385.4k
Nigel Morris
Independent Director3.4yrsUS$205.09k0.92%
$ 39.6m
Phillip Riese
Lead Independent Director8yrsUS$226.79k0.053%
$ 2.3m
Margaret Smyth
Independent Director3.6yrsUS$216.93k0.017%
$ 752.4k
Ryno Blignaut
Independent Director1.7yrsUS$547.46k0.011%
$ 459.4k
Laurent Le Moal
Independent Director7.2yrsUS$204.60k0.012%
$ 523.5k
Bora Chung
Independent Director4.1yrsUS$212.00k0.058%
$ 2.5m

3.6yrs

Average Tenure

56yo

Average Age

Experienced Board: RELY's board of directors are considered experienced (3.6 years average tenure).

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

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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