RELY Stock Overview
Provides digital financial services for immigrants, their families, and other citizens in the United States, Canada, and internationally. More details
| Snowflake Score | |
|---|---|
| Valuation | 1/6 |
| Future Growth | 5/6 |
| Past Performance | 0/6 |
| Financial Health | 5/6 |
| Dividends | 0/6 |
My Notes
Capture your thoughts, links and company narrative
Remitly Global, Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$21.38 |
| 52 Week High | US$22.67 |
| 52 Week Low | US$11.60 |
| Beta | 0.10 |
| 1 Month Change | 8.20% |
| 3 Month Change | 50.04% |
| 1 Year Change | 18.51% |
| 3 Year Change | 4.70% |
| 5 Year Change | n/a |
| Change since IPO | -55.87% |
Recent News & Updates
Remitly: Remittances Play Might Pay Off
Nov 18A Piece Of The Puzzle Missing From Remitly Global, Inc.'s (NASDAQ:RELY) 38% Share Price Climb
Nov 02
Recent updates
Remitly: Remittances Play Might Pay Off
Nov 18A Piece Of The Puzzle Missing From Remitly Global, Inc.'s (NASDAQ:RELY) 38% Share Price Climb
Nov 02Remitly Faces Softening Global Macro Conditions (Rating Downgrade)
Sep 06Fewer Investors Than Expected Jumping On Remitly Global, Inc. (NASDAQ:RELY)
Aug 28Remitly Global: Solid Macro Tailwinds And Track Record Of Growth
Jun 28Slammed 26% Remitly Global, Inc. (NASDAQ:RELY) Screens Well Here But There Might Be A Catch
May 03Remitly: An Interesting Growth Play Is Awaiting Operating Leverage
Apr 22Remitly Global, Inc. (NASDAQ:RELY) Analysts Are Pretty Bullish On The Stock After Recent Results
Feb 24Remitly Global, Inc. (NASDAQ:RELY) Not Lagging Industry On Growth Or Pricing
Feb 13Buy Remitly As Fears Around Marketing Spend Are Unfounded
Jan 30Remitly Global, Inc. (NASDAQ:RELY) Shares Slammed 29% But Getting In Cheap Might Be Difficult Regardless
Nov 05We're Hopeful That Remitly Global (NASDAQ:RELY) Will Use Its Cash Wisely
Oct 23Remitly Global Grows Revenue But Operating Losses Worsen
Oct 08Remitly Global: Time To Get Upbeat
Aug 28Shareholder Returns
| RELY | US Diversified Financial | US Market | |
|---|---|---|---|
| 7D | -1.6% | -3.2% | -4.0% |
| 1Y | 18.5% | 23.8% | 24.0% |
Return vs Industry: RELY underperformed the US Diversified Financial industry which returned 25.1% over the past year.
Return vs Market: RELY underperformed the US Market which returned 26.1% over the past year.
Price Volatility
| RELY volatility | |
|---|---|
| RELY Average Weekly Movement | 6.5% |
| Diversified Financial Industry Average Movement | 5.2% |
| Market Average Movement | 6.4% |
| 10% most volatile stocks in US Market | 16.8% |
| 10% least volatile stocks in US Market | 3.2% |
Stable Share Price: RELY has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: RELY's weekly volatility (7%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2011 | 2,700 | Matt Oppenheimer | www.remitly.com/us/en |
Remitly Global, Inc. provides digital financial services for immigrants, their families, and other citizens in the United States, Canada, and internationally. It primarily offers cross-border remittance services through mobile application and website. The company was founded in 2011 and is headquartered in Seattle, Washington.
Remitly Global, Inc. Fundamentals Summary
| RELY fundamental statistics | |
|---|---|
| Market cap | US$4.30b |
| Earnings (TTM) | -US$66.27m |
| Revenue (TTM) | US$1.18b |
3.6x
P/S Ratio-63.9x
P/E RatioIs RELY overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| RELY income statement (TTM) | |
|---|---|
| Revenue | US$1.18b |
| Cost of Revenue | US$483.35m |
| Gross Profit | US$693.47m |
| Other Expenses | US$759.75m |
| Earnings | -US$66.27m |
Last Reported Earnings
Sep 30, 2024
Next Earnings Date
n/a
| Earnings per share (EPS) | -0.33 |
| Gross Margin | 58.93% |
| Net Profit Margin | -5.63% |
| Debt/Equity Ratio | 0.4% |
How did RELY perform over the long term?
See historical performance and comparisonCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/18 08:57 |
| End of Day Share Price | 2024/12/18 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* 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.
| Analyst | Institution |
|---|---|
| Ramsey El-Assal | Barclays |
| Rufus Hone | BMO Capital Markets Equity Research |
| Andrew Schmidt | Citigroup Inc |