Remitly Global (RELY) Is Up 13.2% After Unveiling 2028 Rule of 40 and Revenue Targets

• In early December 2025, Remitly Global used its Investor Day to outline preliminary 2026 guidance and medium-term 2028 targets, including revenue of US$2.60 billion to US$3.00 billion and adjusted EBITDA of US$575 million to US$600 million while aiming to meet a Rule of 40 framework.
• Management also introduced new offerings such as Remitly One and Remitly Business and highlighted plans to expand value-added financial services, signaling a push beyond core remittances toward a broader global financial services platform.
• Next, we’ll examine how Remitly’s 2028 Rule of 40 ambition and revenue targets could reshape its existing investment narrative.

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Remitly Global Investment Narrative Recap

To own Remitly, you have to believe it can evolve from a digital remittance specialist into a broader global financial services platform while keeping growth and profitability in balance. The Investor Day targets for 2026 and 2028 reinforce that story and, in my view, strengthen the main near term catalyst: execution on new products like Remitly One and Remitly Business. The biggest risk remains whether expansion into new segments can scale efficiently without pushing customer acquisition and compliance costs uncomfortably higher.

Among the announcements, the 2028 Rule of 40 goal tied to US$2.60 billion to US$3.00 billion of revenue and US$575 million to US$600 million of adjusted EBITDA stands out. It directly connects product expansion and AI driven efficiency efforts to a concrete balance of growth and margins, which sits at the heart of both the upside catalyst around new financial services and the downside risk of overextending into complex, competitive markets.

Yet investors should be aware that rapid expansion into new customer segments could still lead to...

Read the full narrative on Remitly Global (it's free!)

Remitly Global's narrative projects $2.6 billion revenue and $130.1 million earnings by 2028. This requires 20.4% yearly revenue growth and about a $116 million earnings increase from $14.1 million today.

Uncover how Remitly Global's forecasts yield a $21.50 fair value, a 41% upside to its current price.

Exploring Other Perspectives

Nine fair value estimates from the Simply Wall St Community span a wide range, from US$21.50 up to US$69.16 per share. Against that backdrop, the company’s push toward a 2028 Rule of 40 target gives you a clear yardstick to compare these varied expectations and explore how different growth and profitability assumptions might play out.

Explore 9 other fair value estimates on Remitly Global - why the stock might be worth over 4x more than the current price!

Build Your Own Remitly Global Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your Remitly Global research is our analysis highlighting 3 key rewards that could impact your investment decision.
• Our free Remitly Global research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Remitly Global's overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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